SEATTLE, June 21, 2021, (MEDGADGET) — Cardiovascular Information System (CVIS) helps to improve patient safety and quality of care by offering access to individual cardiovascular medical records. Moreover, adoption of CVIS helps to eliminate duplicate entries and reduce errors in hospitals and other healthcare facilities.
Statistics:
The global cardiovascular information system market is estimated to account for US$ 1,503.7 Mn in terms of value by the end of 2027.
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Global Cardiovascular Information System Market: Drivers
Increasing adoption of Vendor Neutral Archive (VNA) technology is expected to propel growth of the global cardiovascular information system market over the forecast period. CVIS solutions have VNA technology built in them. This technology promotes sharing, archiving, and storing of images and healthcare information from 24 specialties. Imaging techniques such as X-ray, CT scan, EKG, endoscopic imaging, and digital fluoroscopy can be used with VNA.
Global Cardiovascular Information System Market: Opportunities
Development of CVIS enabled with Appropriate Use Criteria (AUC) is expected to offer lucrative growth opportunities to players operating in the market. AUC is an evidence-based guideline for assisting physicians and other providers in making appropriate treatment decisions.
Global Cardiovascular Information System Market: Restraints
Lack of skilled professionals is expected to hinder growth of the market. A computerized information system requires skilled personnel for its effective operation. Training the staff is of utmost importance whenever a new technology is implemented. However, several emerging economies face lack of skilled professionals which may limit the market growth.
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Key Takeaways:
In terms of application, the catheterization segment held dominant position in the global cardiovascular information system market in 2019, accounting for 78.5% share in terms of value. Increasing prevalence of cardiovascular diseases (CVDs) is expected to boost growth of this segment during the forecast period.
Among end users, the hospitals segment held the dominant position in the global cardiovascular information system market in 2019, accounting for 41.3% share in terms of value, followed by the cardiac cath lab segment. Increasing healthcare infrastructure in emerging economies is expected to propel the growth of this segment during the forecast period.
Market Trends
CVIS has several functions, and its use has expanded beyond report generation. There is a greater emphasis on interfaces with an EMR for order and scheduling integration. Moreover, companies are providing hospitals with comprehensive cardiovascular data management by integrating isolated data sources with the enterprise EHR.
The market in the Middle East and Africa is witnessing formation of healthcare databases. For instance, in August 2018, the government of Dubai, announced the launch of a unified database that will link the complete medical data of citizens, giving all doctors access to data from hospital visits and lab tests from any healthcare center.
Global Cardiovascular Information System Market: Competitive Landscape
Major players operating in the global cardiovascular information system market include, McKesson Corporation, GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, IBM (Merge Healthcare), Fujifilm Holdings Corporation, Lumedx, Digisonics Inc., and Agfa Healthcare.
Global Cardiovascular Information System Market: Key Developments
- January 2020: LUMEDX, a provider of healthcare analytics and CVIS, announced that client partner Duke University Health System has been selected to present at the upcoming 2020 HIMSS Global Health Conference & Exhibition
- November 2019: Siemens Healthineers acquired ECG Management Consultants, a U.S.-based healthcare advisory firm
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Segmentation
Scope of the report
- Cardiovascular Information System Market, By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- Cardiovascular Information System Market, By Deployment
- Cloud-based
- On-premise
- Cardiovascular Information System Market, By Application:
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- Cardiovascular Information System Market, By End User:
- Hospitals
- Clinics
- Cardiac Cath Lab
- Ambulatory Surgical Centers
- Diagnostic Centers
- Cardiovascular Information System Market, By Region:
- North America
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- U.S.
- Canada
- By Component:
- Latin America
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Component:
- Europe
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Component:
- Asia Pacific
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Component:
- Middle East
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Component:
- Africa
- By Component:
-
- Hardware
- Software
- Standalone
- Integrated
- Services
- Installation
- Integration
- Maintenance
- Others
-
- By Deployment
- Cloud-based
- On-premise
- By Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Others
- By End User
- Hospitals
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
- By Country:
- South Africa
- Central Africa
- North Africa
- By Component:
- North America
- Company Profiles
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