The Cardiology Information System (CIS) Market Size was valued at USD 1.09 billion in 2023 and is expected to reach USD 2.24 billion by 2031 and grow at a CAGR of 9.4% over the forecast period 2024-2031.
The cardiovascular information system market is experiencing significant growth driven by several key factors such as the global prevalence of CVD is a major concern, with heart attacks and strokes accounting for a large portion of deaths worldwide. This increasing demand for better cardiac care is fueling the need for efficient data management solutions like CVIS. Traditional methods of storing and managing cardiovascular data are becoming increasingly inefficient and error-prone.
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CVIS offers a software-based solution that simplifies data collection, retrieval, and analysis, improving workflow for healthcare professionals. Moreover, the introduction of advanced CVIS features and integration with other technologies like CPACS (Cardiology Picture Archiving and Communication System) further enhances the system's capabilities and these factors are expected to continue, driving market growth. CVIS improves efficiency for cardiologists, surgeons, and hospital administrators by streamlining data management. This allows for better decision-making and potentially improves patient outcomes. Increased awareness among healthcare institutions about the benefits of CVIS is leading to higher adoption rates, further propelling market growth.
DRIVERS
Global Cardiac Disease Prevalence is Growing, and Stroke-Related Deaths Are Rising
The escalating number of cardiovascular disease (CVD) cases worldwide is a primary driver. With heart attacks and strokes being leading causes of death, healthcare systems require efficient data management tools like CVIS for improved cardiac care.
Increasing Research and Development to Create New Technologies for Cardiac Stroke Management
Systems are expensive, and regulations are strict
The high upfront costs of CVIS implementation can be a barrier for some healthcare institutions. Additionally, stringent data privacy and security regulations can add complexity and cost to the process.
As there is no established protocol, healthcare providers are reluctant to implement CIS
Application of Cloud-Based Solutions
Cloud-based CVIS offers a more cost-effective and scalable solution compared to traditional on-premise deployments. This opens doors for wider adoption, especially for smaller healthcare facilities.
Combining interoperability with integration
Integration with other healthcare technologies is beneficial, ensuring seamless interoperability between different systems remains a challenge. Data exchange needs to be smooth and secure to maximize the system's effectiveness.
The Russia Ukraine war is disrupting the Cardiology Information System (CIS) market. Web-based and cloud-based systems could face internet outages, cyberattacks, or even data center issues. On-site systems might be more stable, but could suffer from lack of spare parts or damaged infrastructure. Both CVIS and CPACS systems could experience data flow disruptions and delays in updates. Overall, CIS vendors might face higher costs and delays, while the focus on data security will increase. The severity of these impacts depends on the location of the CIS system and the vendor's operations.
The economic slowdown is likely to put the brakes on the CIS market as hospitals facing lesser budgets might delay adopting new web-based or cloud-based CIS systems, opting to maintain existing on-site ones. This could lead to increased maintenance costs and delays in upgrading on-site systems. Similarly, advanced features within CVIS and storage upgrades for CPACS might be postponed. Overall, the market growth might slow down, with healthcare providers seeking more cost-effective solutions and prioritizing a clear return on investment for any new CIS technology.
KEY MARKET SEGMENTS:
Web based
Cloud based
On site
Dominating the CIS market with a 74.4% share in 2023, web-based systems are the clear leading. This popularity attributes from their ease of use like no software installation needed, just log in from anywhere. This remote access is ideal for healthcare professionals with busy schedules. Additionally, web-based systems ensure secure data storage on servers. While cloud-based solutions are gaining traction due to their cost-effectiveness, web-based systems remain the leader due to their user-friendliness and lower initial investment.
CVIS
CPACS
CVIS is the leader of the cardiology information systems, holding the biggest market share and growing the fastest. It goes beyond images (like CPACS) and integrates all patient data, allowing for better analysis and quicker treatment decisions. This wider functionality is why CVIS is adopted more and continues to outpace its predecessor, CPACS. In simpler terms, CVIS is the all-in-one information hub for cardiologists, giving them a complete picture of their patients' heart health.
North America leads the CIS market with a 31.8% market share in 2023, driven by the high prevalence of cardiovascular diseases in the region. This is likely due to factors like shared cultural practices and economic development in the US and Canada, leading to a higher incidence of heart disease and heart failure.
Asia Pacific region is expected to experience the fastest growth at CAGR of 10.2% due to several factors such as there's a significant increase in healthcare spending, leading to more investment in research and development for cardiovascular diseases. Moreover, the presence of rapidly developing economies like India and China with improving healthcare infrastructure is boosting the market. Finally, the rising prevalence of cardiovascular diseases in this region creates a growing demand for CIS solutions to manage the increasing patient data burden.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major key players are as follows: GE Healthcare, Siemens Healthcare GmbH, CREALIFE Medical Technology, Honeywell Life Care Solution, Lumedx, Esasote, Cerner Corporation, Fujifilm Medical Systems, McKesson Corporation, Digisonics, Inc., Merge Healthcare Inc, Philips Healthcare, Cisco Systems and Other Players.
In September 2023, Oracle Corporation made a splash in healthcare IT with a range of new offerings. Their focus was on improving cardiac, neuro, and oncology solutions. This included a cloud-based EHR system, generative AI for data analysis, and public APIs for broader application integration. This comprehensive launch is expected to boost Oracle's healthcare sales.
In February 2023, a key development in cardiovascular care emerged. A private equity firm, Lee Equity Partners, based in New York City, joined forces with an independent cardiovascular practice in the US, the Cardiovascular Institute of the South (CIS). This collaboration resulted in the creation of Cardiovascular Logistics, a nationwide platform designed to revolutionize cardiovascular care delivery across the US.
Intelerad, a leader in enterprise imaging solutions, acquired LUMEDX Corporation in February 2021. This acquisition, following their earlier purchase of Digisonics, Inc.,
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.09 billion |
| Market Size by 2031 | US$ 2.24 billion |
| CAGR | CAGR of 9.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | GE Healthcare, Siemens Healthcare GmbH, CREALIFE Medical Technology, Honeywell Life Care Solution, Lumedx, Esasote, Cerner Corporation, Fujifilm Medical Systems, McKesson Corporation, Digisonics, Inc., Merge Healthcare Inc, Philips Healthcare, Cisco Systems |
| DRIVERS | • Global Cardiac Disease Prevalence is Growing, and Stroke-Related Deaths Are Rising • Increasing Research and Development to Create New Technologies for Cardiac Stroke Management |
| RESTRAINTS | • Systems are expensive, and regulations are strict. • As there is no established protocol, healthcare providers are reluctant to implement CIS.es |
Ans: The Cardiology Information System (CIS) Market is to Grow is at a CAGR of 9.4% over the forecast period 2024-2031.
Ans: The Cardiology Information System (CIS) Market size was valued at US$ 1.09 billion in 2023.
Cardiology Information System (CIS)Market is divided into two segments is By Mode of Operation, and By System.
North America dominates the market for cardiology information systems.
The market share that belonged to the web-based systems is dominating.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Cardiology Information System Market Segmentation, By Mode of Operation
9.1 Introduction
9.2 Trend Analysis
9.3 Web based
9.4 Cloud based
9.5 On site
10. Cardiology Information System Market Segmentation, By System
10.1 Introduction
10.2 Trend Analysis
10.3 CVIS
10.4 CPACS
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Cardiology Information System Market Segmentation, by Country
11.2.3 North America Cardiology Information System Market Segmentation, By Mode of Operation
11.2.4 North America Cardiology Information System Market Segmentation, By System
11.2.5 USA
11.2.5.1 USA Cardiology Information System Market Segmentation, By Mode of Operation
11.2.5.2 USA Cardiology Information System Market Segmentation, By System
11.2.6 Canada
11.2.6.1 Canada Cardiology Information System Market Segmentation, By Mode of Operation
11.2.6.2 Canada Cardiology Information System Market Segmentation, By System
11.2.7 Mexico
11.2.7.1 Mexico Cardiology Information System Market Segmentation, By Mode of Operation
11.2.7.2 Mexico Cardiology Information System Market Segmentation, By System
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Cardiology Information System Market Segmentation, by Country
11.3.2.2 Eastern Europe Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.3 Eastern Europe Cardiology Information System Market Segmentation, By System
11.3.2.4 Poland
11.3.2.4.1 Poland Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.4.2 Poland Cardiology Information System Market Segmentation, By System
11.3.2.5 Romania
11.3.2.5.1 Romania Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.5.2 Romania Cardiology Information System Market Segmentation, By System
11.3.2.6 Hungary
11.3.2.6.1 Hungary Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.6.2 Hungary Cardiology Information System Market Segmentation, By System
11.3.2.7 Turkey
11.3.2.7.1 Turkey Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.7.2 Turkey Cardiology Information System Market Segmentation, By System
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.8.2 Rest of Eastern Europe Cardiology Information System Market Segmentation, By System
11.3.3 Western Europe
11.3.3.1 Western Europe Cardiology Information System Market Segmentation, by Country
11.3.3.2 Western Europe Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.3 Western Europe Cardiology Information System Market Segmentation, By System
11.3.3.4 Germany
11.3.3.4.1 Germany Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.4.2 Germany Cardiology Information System Market Segmentation, By System
11.3.3.5 France
11.3.3.5.1 France Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.5.2 France Cardiology Information System Market Segmentation, By System
11.3.3.6 UK
11.3.3.6.1 UK Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.6.2 UK Cardiology Information System Market Segmentation, By System
11.3.3.7 Italy
11.3.3.7.1 Italy Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.7.2 Italy Cardiology Information System Market Segmentation, By System
11.3.3.8 Spain
11.3.3.8.1 Spain Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.8.2 Spain Cardiology Information System Market Segmentation, By System
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.9.2 Netherlands Cardiology Information System Market Segmentation, By System
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.10.2 Switzerland Cardiology Information System Market Segmentation, By System
11.3.3.11 Austria
11.3.3.11.1 Austria Cardiology Information System Market Segmentation, By Mode of Operation
11.3.3.11.2 Austria Cardiology Information System Market Segmentation, By System
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Cardiology Information System Market Segmentation, By Mode of Operation
11.3.2.12.2 Rest of Western Europe Cardiology Information System Market Segmentation, By System
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Cardiology Information System Market Segmentation, by Country
11.4.3 Asia Pacific Cardiology Information System Market Segmentation, By Mode of Operation
11.4.4 Asia Pacific Cardiology Information System Market Segmentation, By System
11.4.5 China
11.4.5.1 China Cardiology Information System Market Segmentation, By Mode of Operation
11.4.5.2 China Cardiology Information System Market Segmentation, By System
11.4.6 India
11.4.6.1 India Cardiology Information System Market Segmentation, By Mode of Operation
11.4.6.2 India Cardiology Information System Market Segmentation, By System
11.4.7 Japan
11.4.7.1 Japan Cardiology Information System Market Segmentation, By Mode of Operation
11.4.7.2 Japan Cardiology Information System Market Segmentation, By System
11.4.8 South Korea
11.4.8.1 South Korea Cardiology Information System Market Segmentation, By Mode of Operation
11.4.8.2 South Korea Cardiology Information System Market Segmentation, By System
11.4.9 Vietnam
11.4.9.1 Vietnam Cardiology Information System Market Segmentation, By Mode of Operation
11.4.9.2 Vietnam Cardiology Information System Market Segmentation, By System
11.4.10 Singapore
11.4.10.1 Singapore Cardiology Information System Market Segmentation, By Mode of Operation
11.4.10.2 Singapore Cardiology Information System Market Segmentation, By System
11.4.11 Australia
11.4.11.1 Australia Cardiology Information System Market Segmentation, By Mode of Operation
11.4.11.2 Australia Cardiology Information System Market Segmentation, By System
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Cardiology Information System Market Segmentation, By Mode of Operation
11.4.12.2 Rest of Asia-Pacific Cardiology Information System Market Segmentation, By System
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Cardiology Information System Market Segmentation, by Country
11.5.2.2 Middle East Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.3 Middle East Cardiology Information System Market Segmentation, By System
11.5.2.4 UAE
11.5.2.4.1 UAE Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.4.2 UAE Cardiology Information System Market Segmentation, By System
11.5.2.5 Egypt
11.5.2.5.1 Egypt Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.5.2 Egypt Cardiology Information System Market Segmentation, By System
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.6.2 Saudi Arabia Cardiology Information System Market Segmentation, By System
11.5.2.7 Qatar
11.5.2.7.1 Qatar Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.7.2 Qatar Cardiology Information System Market Segmentation, By System
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Cardiology Information System Market Segmentation, By Mode of Operation
11.5.2.8.2 Rest of Middle East Cardiology Information System Market Segmentation, By System
11.5.3 Africa
11.5.3.1 Africa Cardiology Information System Market Segmentation, by Country
11.5.3.2 Africa Cardiology Information System Market Segmentation, By Mode of Operation
11.5.3.3 Africa Cardiology Information System Market Segmentation, By System
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria Cardiology Information System Market Segmentation, By Mode of Operation
11.5.3.4.2 Nigeria Cardiology Information System Market Segmentation, By System
11.5.3.5 South Africa
11.5.3.5.1 South Africa Cardiology Information System Market Segmentation, By Mode of Operation
11.5.3.5.2 South Africa Cardiology Information System Market Segmentation, By System
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa Cardiology Information System Market Segmentation, By Mode of Operation
11.5.3.6.2 Rest of Africa Cardiology Information System Market Segmentation, By System
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Cardiology Information System Market Segmentation, by Country
11.6.3 Latin America Cardiology Information System Market Segmentation, By Mode of Operation
11.6.4 Latin America Cardiology Information System Market Segmentation, By System
11.6.5 Brazil
11.6.5.1 Brazil Cardiology Information System Market Segmentation, By Mode of Operation
11.6.5.2 Brazil Cardiology Information System Market Segmentation, By System
11.6.6 Argentina
11.6.6.1 Argentina Cardiology Information System Market Segmentation, By Mode of Operation
11.6.6.2 Argentina Cardiology Information System Market Segmentation, By System
11.6.7 Colombia
11.6.7.1 Colombia Cardiology Information System Market Segmentation, By Mode of Operation
11.6.7.2 Colombia Cardiology Information System Market Segmentation, By System
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Cardiology Information System Market Segmentation, By Mode of Operation
11.6.8.2 Rest of Latin America Cardiology Information System Market Segmentation, By System
12. Company Profiles
12.1 GE Healthcare
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Siemens Healthcare GmbH
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 CREALIFE Medical Technology
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Honeywell Life Care Solution
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Lumedx
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Esasote
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Cerner Corporation
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Fujifilm Medical Systems
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 McKesson Corporation
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Digisonics, Inc.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Merge Healthcare Inc
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Philips Healthcare
12.12.1 Company Overview
12.12.2 Financial
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Cisco Systems
12.13.1 Company Overview
12.13.2 Financial
12.13.3 Products/ Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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