Cardiovascular Information System Market Is Predicted To Grow Swiftly Owing To The Increasing Prevalence Of Heart Diseases & Other Cardiovascular Problems Till 2024: Grand View Research, Inc.
The global cardiovascular information system (CVIS) 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.
Germany Cardiovascular Information System Market, by Mode
of Operation, 2014 - 2024 (USD Million)
Browse full research report on Cardiovascular
Information System Market Analysis:
Further key findings from the report 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.
For more information: http://www.grandviewresearch.com
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