Selbyville, Delaware, Jan. 13, 2021 (GLOBE NEWSWIRE) -- As per the credible estimates, global cardiovascular information system market was remunerated at USD 848 million in 2019 and is projected to grow with a CAGR of 8.1% over 2020-2027. Increasing pervasiveness of cardiovascular ailments, emphasis on operation superiority, and efforts towards minimizing medication errors are stimulating the market growth.
As per the study, the market landscape is examined based on type, and mode of operation, wherein different parameters influencing segmental share are enlisted. It further elucidates regional industry prospects and highlights the contribution to the overall remuneration. Moreover, insights about the business profile, product portfolio, and operational region of vendors prevailing in the market sphere are included in the report.
According to data released by World Health Organization (WHO), cardiovascular diseases (CVDs) take approximately 17.9 million lives every year. On similar lines, American Heart Association cited that in 2016, 17.6 million CVD deaths were recorded, and the number is slated to reach 23.6 million by the year 2030.
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For the unaccustomed, cardiovascular information system is research software on digitized platform which enables easy report generation & distribution, while providing swift access to cardiovascular EMRs (electronic medical records) in the form of report, waveform, and image. The system is also employed in vascular solutions, echocardiography, catheterization, and electrocardiography data management.
Ability of cardiologists to take timely and accurate therapeutic decisions, leading to enhanced patient care at lower treatment cost, is propelling the growth of worldwide cardiovascular information systems market. Further, increasing R&D initiatives taken by companies to develop new technologies for cardiac stroke management will sway the business dynamics forward. For instance, Boston Scientific introduced Vici Venous Stent system, which got authorized by U.S. FDA in May 2019, for treating iliofemoral venous obstructive disorders.
On the downside, high cost of system implementation, requirement of expertise, and technical complexities are restraining the global cardiovascular information system industry size.
Enlisting market segmentations:
Based on type, the market is categorized into CPACS (cardiology picture archiving and communication system), and CVIS (cardiovascular information system). While as per mode of operation, global cardiovascular information system market is divided into on-site & cloud-based, and we-based.
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Highlighting regional landscape:
Seasoned experts claim that Europe dominated the worldwide cardiovascular information system industry in the recent past and is poised to showcase similar trend over the forthcoming years, owing to advanced healthcare infrastructure, early adoption of innovative health-tech, and presence of known vendors in the region.
Meanwhile, Asia Pacific market is anticipated to record a strong CAGR over 2020-2027, on account of surging cases of CVDs, and improving healthcare facilities in developing nations like India and China.
Global Cardiovascular Information System Market by Type (Revenue, USD Million, 2017-2027)
- CPACS (cardiology picture archiving and communication system)
- CVIS (cardiovascular information system)
Global Cardiovascular Information System Market by Mode of Operation (Revenue, USD Million, 2017-2027)
- On-site & Cloud-based
- Web-based
Global Cardiovascular Information System Market Regional Scope (Revenue, USD Million, 2017-2027)
Latin America
- Brazil
- Mexico
Asia Pacific
- South Korea
- Japan
- Australia
- India
- China
- Rest of APAC
Europe
- Spain
- France
- Italy
- United Kingdom
- Germany
- Rest of Europe
North America
- United States
- Canada
Rest of the World
Global Cardiovascular Information System Market Competitive Outlook (Revenue, USD Million, 2017-2027)
- Digisonics Inc.
- LUMEDX Corp.
- Fujifilm Holdings Corp.
- Cerner Corp.
- Agfa HealthCare N.V.
- Merge Healthcare Inc.
- Siemens Healthineers AG
- McKesson Corp.
- GE Healthcare
- Koninklijke Philips N.V.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Cardiovascular Information System Market, by Region, 2018-2027 (USD Million)
1.2.2. Cardiovascular Information System Market, by Type, 2018-2027 (USD Million)
1.2.3. Cardiovascular Information System Market, by Mode of Operation, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cardiovascular Information System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cardiovascular Information System Market Dynamics
3.1. Cardiovascular Information System Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Cardiovascular Information System Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cardiovascular Information System Market, by Type
5.1. Market Snapshot
5.2. Global Cardiovascular Information System Market by Type, Performance - Potential Analysis
5.3. Global Cardiovascular Information System Market Estimates & Forecasts by Type 2017-2027 (USD Million)
5.4. Cardiovascular Information System Market, Sub Segment Analysis
5.4.1. CVIS
5.4.2. CPACS
Chapter 6. Global Cardiovascular Information System Market, by Mode of Operation
6.1. Market Snapshot
6.2. Global Cardiovascular Information System Market by Mode of Operation, Performance - Potential Analysis
6.3. Global Cardiovascular Information System Market Estimates & Forecasts by Mode of Operation 2017-2027 (USD Million)
6.4. Cardiovascular Information System Market, Sub Segment Analysis
6.4.1. Web-based
6.4.2. On-site and cloud-based
Chapter 7. Global Cardiovascular Information System Market, Regional Analysis
Related Report:
Interventional Cardiology & Peripheral Vascular Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Interventional Cardiology & Peripheral Vascular Devices Market size is projected to grow at a CAGR of over 7.6% from 2020 to 2026, as per new research report. Interventional cardiology & peripheral vascular devices are being used to treat numerous cardiovascular conditions with the help of catheters, with minimal invasion. Minimally invasive cardiac procedures are gaining huge popularity as they cause less invasion, blood loss and pain. These procedures reduce hospital stay duration and visible scars, that help in driving the customer preference. From a regional frame of reference, Asia-Pacific Interventional cardiology and peripheral vascular devices market will witness substantial growth owing to the growing innovations and adoption of stents among emerging economies. Other factors such as expanding geriatric patient pool in countries like China, Japan and India along with price reduction of stents will further contribute towards regional market growth.
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