Pune, India, May 08, 2019 (GLOBE NEWSWIRE) -- Market Research Future (MRFR)’s assessment prognosticates a CAGR of 8.30% for the global Cardiovascular Information System (CVIS) Market during the forecast period 2018 to 2025. The analysis further underlines that the market is expected to scale a valuation of USD 1,343.26 Mn by the close of the review period.
The digitization drive followed by accelerated adoption of Electric Medical Records (EMRs) being observed in the healthcare sector is pioneering the developments in the CVIS market. A similar trend is expected to be witnessed in the upcoming years to enable the market for gaining more traction. Thus, a healthy growth pattern is presumed to take over the market in the years to come.
The rising burden of cardiovascular diseases has necessitated access to real-time patient data for enriched patient experience as well as the transformation of care delivery. As per the World Health Organization (WHO)’s statistical data published in 2015, around 17.7 million people succumbed to cardiovascular diseases. The ever-increasing patient population fueled by changes in lifestyle and food pattern is likely to favor the expansion of the cardiovascular information system (CVIS) market across the projection period.
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The rapid developments in the healthcare IT industry is anticipated to reflect on the expansion of the cardiovascular information system market in the foreseeable future. Furthermore, the advantage offered by these systems in coordinating interdepartmental operations is poised to fuel demand for CVIS systems in the nearby future. This, in turn, is forecasted to augment the market over the forecast period. On the contrary, the high cost associated with the system remains an impediment to the growth of the market.
Key Players:
The prominent players operating in the cardiovascular information system (CVIS) market are General Electric Company (U.S.), Koninklijke Philips N.V. (The Netherlands), Siemens Healthineers (Germany), Fujifilm Holdings Corporation (Japan), Cerner Corporation (U.S.), McKesson Corporation (U.S.), IBM Health (U.S.), Agfa-Gevaert N.V. (Belgium), LUMEDX (China), Digisonics Inc. (U.S.), Epic Systems Corporation (U.S.), Carestream Health (U.S.), and Scimage, Inc. (U.S.).
Market Segmentation:
This MRFR report offers an exhaustive segmental analysis of the cardiovascular information system (CVIS) market based on component, deployment, application, and end-user. On the basis of component, the market has been segmented into software, hardware, and services. Among these, the software segment is prognosticated to reach a valuation of USD 930.65 Mn by the close of 2025 striking a CAGR of 8.57% over the assessment period. The growth of the segment is primarily attributable to the rising adoption of EMRs by healthcare service providers.
By deployment, the cardiovascular information system (CVIS) market has been bifurcated into web/cloud-based and on-premise. The web/cloud-based segment is projected to exhibit a robust CAGR across the forecast period as it requires comparatively lower capital expenditure.
Based on applications, the cardiovascular information system (CVIS) market has been segmented into hemodynamics monitoring, vascular ultrasound, nuclear cardiology, ECG/stress/Holter management, cardiac and peripheral catheterization, echocardiography, and electrophysiology. Among these, the cardiac and peripheral catheterization segment is anticipated to thrive at 8.73% CAGR during the review period. Also, the echocardiography segment has been forecasted to grow substantially and secure the second spot by the end of 2025.
The Cardiovascular Information System (CVIS) Market, by end-users, has been segmented into cardiac Cath labs, diagnostic laboratories, and hospitals & clinics. The hospitals & clinics segment is currently at the leading position and is poised to retain its prominence over the next couple of years. It has been projected that the segment will reach USD 640 Mn mark by 2025-end.
Browse the market data and information spread across 137 pages with 125 data tables and 18 figures of the report “Cardiovascular Information System (CVIS) Market- Forecast 2018-2025” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/cardiovascular-information-system-market-7721
Developed healthcare infrastructure in Americas Expected to Dictate the Growth Trajectory of the market
The geographical analysis of the cardiovascular information system (CVIS) market encompasses fore regions - Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas, placed at the dominant position, held 37.6% market share in 2017. It is prognosticated to maintain its dominance through the review period and value at USD 481.04 Mn towards the end of 2025. Healthcare services providers leverage mHealth and big data for early detection of CVDs in the region which is expected to provide impetus to market growth. On the other hand, Europe is likely to exhibit a steady CAGR between 2018 and 2025.
Latest Industry News:
- Royal Philips, a leader in health technology, has showcased its latest technologies in cardiac care at the ACC.19 68th Annual Scientific Session and Expo, held in New Orleans, the U.S.
- Carestream Health, an independent subsidiary of Onex Corporation, has signed an agreement with Royal Philips for selling its healthcare information systems (HCIS) business.
- Royal Philips, the pioneer in healthcare technology, has announced the launch of its next-generation cardiovascular image and information management system, IntelliSpace Cardiovascular 4.1, at HIMSS 2019.
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