Market Research Report
Global Cardiovascular Information System (CVIS) Market 2019-2025
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|Global Cardiovascular Information System (CVIS) Market 2019-2025|
|Published: October 21, 2019||Content info:||
Global Cardiovascular Information System (CVIS)
Market Size, Share & Trends Analysis Report by Type (CVIS and Cardiac PACS (Premature atrial contractions), By Mode of Deployment (On Premises, and Cloud-Based), By Application (Heart Failure Centre, ECG And Holter Monitoring, Catheterization, Cardiothoracic, Echocardiography Lab, and Other) and Forecast 2019-2025.
The Global CVIS Market is expected to grow at a significant CAGR of 7% during the forecast period. CVIS provides access and management of patient's digital integrated cardiovascular records from a centralized and web-enabled system. Moreover, CVIS enables patient management through an approach of built-in report generation and distribution process and thus increases the speed of reimbursements. The rapid increase in the number of patients suffering from cardiovascular diseases (CVDs) around the globe is the major factor which is driving the CVIS market growth. According to WHO, CVD accounts for 17.7 million mortality per year which is estimated to be around 31% of the total mortalities across the globe. Owing to this increased prevalence of diseases and disorders, the rising demand for productive and effective data management tools in the cardiac care departments has been observed which is motivating the market. Additionally, the government initiatives towards Electronic Health Records (EHR) for managing patient's data digitally is further encouraging the healthcare organizations to implement CVIS, thereby, propelling the market growth.
Based on geography, the global CVIS market is further classified into North America, Europe, Asia-Pacific, and Rest of the World. North America is anticipated to have a significant market share in the global market. The factors that are contributing to the growth of the North American market include the greater number of adoptions of CVIS by the healthcare industries and surging prevalence of CVDs in the region. Moreover, increased awareness among the people towards this technological advancement is also supporting the market growth in the region. Asia-Pacific is estimated to have considerable growth in the global CVIS market. The EHRs are highly incorporated by the governments in the hospitals across emerging economies of the region such as China, India, and South Korea.
Furthermore, the global CVIS market is influenced by product development and advancements carried by the market players. The key players of the market include FUJIFILM Holdings Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Siemens AG, Cerner Corp., LUMEDX Corp., Merge Healthcare Inc., ScImage, Inc., and many others. These players are playing a significant role in the growth of the CVIS market by providing various products and adopting several strategies such as merger and acquisition, partnership and collaboration, technological development, geographical expansion; among other strategies.
The market study of the global CVIS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for a healthcare service provider, CVIS providing companies, research institutes, investing companies, government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.