The global Cardiovascular Information System Market is expected to reach USD 1.2 billion by 2024, according to a new report by Grand View Research Inc. The global cardiovascular devices industry is growing swiftly owing to the increasing prevalence of heart diseases and other cardiovascular problems.
In
accordance with the growing patient population there is an exponential surge in
the patient history documents and patient data records. The resultant,rising
burden of patient data is pushing forward the demand for effective management
tools; thus, offering increased accessibility of patient information to
surgeons and the healthcare staff and hence enhancing the operational
efficiency of the practices. In addition, factors, such as technological
advancements and the gradually growing awareness regarding the availability of
these improved systems are expected to fuel the growth of the cardiovascular
devices market.
However,
factors,such as high system costs and the lack of skilled operators are
impeding the overall growth. In addition, the presence of alternative data
management tools is challenging the adoption of the information systems
specific to cardiovascular data management. Some of the key players in the
market are implementing strategies to expand market share. For instance,
companies, such as Philips Healthcare and GE Healthcare offer CVIS systems
along with their cardiac imaging products.
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Details of Report @ http://www.grandviewresearch.com/industry-analysis/cardiovascular-information-system-market
Further key findings from the study suggest:
- The CVIS
segment captured the largest market share of the global market in 2015.
Integration of these systems with imaging devices is responsible for the
highest adoption rate of this segment.
- Owing to the
high cost of these systems, the CVIS segment is expected to maintain its
dominance during the forecast period
- The
cloud-based segment is anticipated to exhibit the fastest growth rate
during the forecast period. The associated advantages, such as the
affordable cost, remote accessibility of data, and the user friendly
interface, are expected to fuel the adoption of the cloud-based mode of
operation.
- North
America capturedthe largest market share of around 36% in 2015. The
dominance of the segment is expected to continue with a CAGR of 5.8% from
2016 to 2024.
- The factors
contributing to the growth of the North America market include the
increasing prevalence of heart diseases and the technological advancements
in the region. Moreover, factors, such as the availability of highly
advanced healthcare facilities and the higher adoption rate of the data
management tools are augmenting the market growth in North America.
- Asia Pacific
is anticipated to grow at the fastest rate during the forecast period.
Countries, such as India and China are expected to be the fastest growing
markets in the region owing to the large pool of cardiovascular patients
and the rising healthcare expenditure.
- The booming
medical tourism in Asia Pacific due to the availability of advanced
healthcare facilities and services at a lower cost in comparison to the
other developed countries serves as the pivotal factor in attracting
cardiac patients worldwide to this region.
- Some major
players in this market include Philips Healthcare, GE Healthcare, McKesson
Corporation, Siemens Healthcare GmbH, Merge Healthcare, Inc., Agfa
Healthcare N.V., Cerner Corporation, Fujifilm Medical Systems, Inc.,
Lumedx Corporation, and Digisonics, Inc.
About Us:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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