Global Heart Failure Software Market will reach USD 3.18 Billion by 2022: Zion Market Research

According to the report, the global heart failure software market accounted for approximately USD 2.23 billion in 2016 and is expected to reach around USD 3.18 billion by 2022, growing at a CAGR of around 6.1% between 2017 and 2022.


Sarasota, FL, Feb. 14, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Heart Failure Software Market by Software Type (Knowledge-Based and Non-Knowledge Based) and by Delivery Mode (On-Premises, Web-Based and Cloud-Based Systems) for Hospitals and Others - Global Industry Perspective, Comprehensive Analysis and Forecast 2016 – 2022”.  According to the report, the global heart failure software market accounted for approximately USD 2.23 billion in 2016 and is expected to reach around USD 3.18 billion by 2022, growing at a CAGR of around 6.1% between 2017 and 2022. 

Congestive heart failure is a chronic condition that directly affects the pumping power of your heart muscles. CHF particularly refers the phase in which fluid increases around the heart and causes it force inefficiently. Rising necessity for continuous health assessment and dynamic advancements in technology is the major factor associated with heart failure software growth. In addition, clinical decision support system such as heart failure software system is continuously being used in the developed economies like the U.S., Germany, and France. Heart failure software facilitates management of cardiac patients safely and efficiently. It provides benefits patients in cardiac activity monitoring and analyzing risk zone of patients with cardiac diseases. 

Browse through 42 Market Tables and 33 Figures spread through 110 Pages and in-depth TOC on “Global Heart failure software Market: By Type, Technology, Delivery Mode, Size, Share and Forecast 2016 – 2022”.

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Heart failure software market is driven mainly by increasing incidence of heart-related diseases across the different parts of the world. These diseases include angina pectoris, diabetes, hypertension etc. For instance, according to the International Diabetes Federation, China had the largest number of diabetic patients with around 96.2 million diabetic patients followed by India with around 66.8 million diabetic patients in 2014 which directly helped in fueling the heart failure software market. However, high costs or non-affordability of heart failure software are the key limitations which directly affects the growth of heart failure software market. Non-awareness and illiteracy among the population may directly affect the growth of heart failure software market. Advancement and innovation in technologies will boost the heart failure software market growth.

Based on software type, the global market for heart failure software is classified into types: knowledge based and non-knowledge based. Global heart failure software market is dominated by knowledge-based software market. The knowledge-based software market is growing at the much faster rate in each year. The knowledge-based software will show more innovations and technological advances due to the demands by customers and medical professionals. 

Browse the full "Heart failure software Market by Software Type (Knowledge Based, Non-Knowledge Based,) and by Delivery mode (On-Premises, Web-Based and Cloud-Based Systems) for Hospitals and Others - Global Industry Perspective, Comprehensive Analysis and Forecast 2016 – 2022" report at https://www.zionmarketresearch.com/report/heart-failure-software-market

Based on delivery mode, the global market of heart failure software market is classified into three types: on-premises, web-based and cloud-based systems. Globally, heart failure software market was dominated by cloud-based systems in 2016. This growth is attributed due to increasing prevalence of diabetes mellitus. Diabetes mellitus patient is at higher risk of heart failure followed by nondiabetes patients. This risk associated with blood viscosity, which is higher in diabetes mellitus patient. About 100,000 new cases of type 1 diabetes are diagnosed annually in North America.  

Based on end-users, the global market of heart failure software market is classified into types: hospitals and others. Hospital segment dominated the end-users segment in 2016. This growth is attributed due to increasing adoption of electronic health records and remote patient monitoring system. Rising awareness about personal health amongst the population is expected to drive the growth of the consumer segment over the near future.

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North America was the dominating region for heart failure software market in 2016. The growth was accredited to rising awareness amongst the population regarding the symptoms of heart diseases. Moreover, high-end research and technological advancements, increasing public interest are the important key factors which drive the demand of heart failure software market in this region. Higher healthcare expenditure in this region is important for the growth factors for heart failure software market. In 2014, the North American market for heart failure software was estimated more than USD 940 million and projected to reach approximately USD 1.40 billion in 2021 growing at a CAGR of around 7.0%. North America accounted for approximately more than 44% of total revenue of heart failure software market.

In the European Union, there are approximately more than 31 million people living with diabetes aged between 20 and 79. This signifies an average diabetes prevalence rate of 8.6% of the adult population. This signifies the increasing market of heart failure software market in the EU. Europe was the second largest market for global heart failure software market in 2015 and it accounted for approximately USD 814.50 million in 2016. This growth is mainly associated with advancement in technological and healthcare research in this region.

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The Asia-Pacific region may offer significant opportunities for the heart failure software market during the forecast period. At present, China and India being the most populous countries in the region are contributing to the increase in demand for heart failure software market. China is a second largest economy after the U.S. is home to the world’s largest population with close to 1.4 billion inhabitants followed by India with approximately 1.2 billion people in 2014. Approximately 40-45% of the global heart disorder population lives in India and China which in turn provides significant opportunities for the global heart failure software companies to invest in this region.

Growing cases of heart-related problem in the Middle East and Africa are also likely to fuel the growth of heart failure software market. In 2016 the Middle East and Africa accounted for approximately USD 78.50 million in terms of revenue.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global heart failure software market include Cerner Corporation, 4S Information Systems Ltd., Axis Clinical Software, Inc., CitiusTech Inc., etc.    

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This report segments the global heart failure software market as follows: 

Global Heart Failure Software Market: Software Type Analysis

  • Knowledge Based    
  • Non-Knowledge Based  

Global Heart Failure Software Market: Delivery mode Analysis

  • Web-Based
  • On-premises
  • Cloud-Based Systems

Global Heart Failure Software Market: End-User Analysis

  • Hospitals
  • Other

Global Heart Failure Software Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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