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Cardiovascular Information System Market

Cardiovascular Information System Market Size, Share & Segment By Type (CVIS, C-PACS), By Component (Software, Services, Hardware), By Mode of Operation (Web-based, Onsite, Cloud-based), By End User (Hospitals, Diagnostic Centers), By Application (Catheterization Lab CVIS Solutions, Echocardiography Lab CVIS Solutions, Electrophysiology Lab CVIS Solutions, Nuclear Cardiology CVIS Solutions, Cardiothoracic Center CVIS Solutions, ECG Studies/Holter monitoring CVIS Solutions, Pacemaker/ICD Lab CVIS Solutions, Heart Failure Centers CVIS Solutions, Outpatient Clinics CVIS Solutions), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2320 | July 2022 | Region: Global | 134 Pages

Cardiovascular Information System Market Size was valued at USD 7.61 billion in 2021 and is expected to reach USD 12.87 billion by 2028, and grow at a CAGR of 7.8% over the forecast period 2022-2028.

The term "cardiovascular information system" (CVIS) refers to a system that makes it simple to create and distribute reports and provides timely access to cardiovascular electronic medical records (EMR) in the form of images, reports, and waveforms. Electrocardiography (ECG) data management, vascular solutions, catheterization, and echocardiography—all use CVIS.

Cardiovascular Information System Market

Cardiology information system, or CIS, is a database that uses different types of software to compile clinical data. This data is gathered digitally using the software. It assists the users in making decisions of all kinds, advances science, and promotes information sharing in the field of cardiology. Because of the system's dependability, the data it offers, and the photos it stores in the reports, demand for cardiovascular information systems has increased in recent years. The data is kept in a way that makes it easier and more effective to offer patient reports.

The evolving nature of these technologies has increased the demand for cardiovascular information systems. The increase in chronic cardiovascular disease in developing countries over the past few years has been a major source of concern. The use of cardiovascular information systems would better manage patient data and help health care professionals identify patients more accurately due to the prevalence of such cases of CVD, which produces large amounts of data that are difficult to manage manually. These features will assist the Cardiovascular System Market in achieving a high CAGR soon.

MARKET DYNAMICS

DRIVERS

  • Cardiovascular Diseases Are Becoming More Common and Incident

  • Concentrate on Improving Operational Efficiency and Lowering Medication Error Rates in Developed Markets

  • Healthcare Providers Are Able to Cut Costs by Implementing CVIS

RESTRAINTS

  • Pricey CVIS Solutions

  • Healthcare Professionals' Resistance to CVIS Implementation

OPPORTUNITIES

  • Developing nations

  • Solutions Using the Cloud

CHALLENGES

  • Solutions from CVIS are integrated and interoperable.

IMPACT OF COVID-19

The need for medical supplies is growing as a result of the afflicted population. One of the most common medical devices in first-line clinical therapy is a respiratory support equipment, such as an oxygen generator, life-support system, or monitor. A significant increase in demand for medical products including masks, gloves, and protective eyewear has also been brought on by COVID-19. Due to preventative measures, there is an increasing demand for medical supplies from both healthcare professionals and the general public due to an increase in COVID-19 cases around the world. In order to guarantee a sufficient and ongoing supply of personal protective equipment in the cardiac information system (CIS) industry, manufacturers of these items have the opportunity to take benefit from the expanding need for medical supplies.

By Type

Market segments include CVIS and CPACS. In comparison to CPACS, CVIS technologies enable clinicians to make appropriate therapeutic decisions faster and with greater efficiency. As a result, it was found that CVIS was adopted more frequently than CPACS. As a result, the CVIS segment had the biggest market share, and it is anticipated that it will continue to hold that position during the projected period.

By Component

The hardware, software, and service segments of the market are divided. The largest portion of the CVIS market was accounted for by the services category. The market's highest CAGR is being experienced by the service segment. The highest market share is anticipated to go to the software segment. The demand for CVIS integration with CPACS/EMR and other cardiology modules is one of the factors propelling the market expansion in this component segment.

By Mode of Operation

Web-based, Onsite, and Cloud-based products make up two halves of the market. The majority of the market was made up of web-based products. The widespread use of the web-based mode of operation for cardiovascular information systems around the world can be attributed in part to the high rate of awareness and the relatively lower cost. The market for this type of method of operation is expanding as a result of factors like improved interoperability, remote access to images and data, and reduced IT burden in hospitals due to web-based technology.

By End User

Diagnostic centers and hospitals make up the two segments of the market. The market's highest share is anticipated to go to the hospital sector. The market expansion in this end-user sector is being driven by the high adoption rate of CVIS solutions as a result of the substantial purchasing power of major hospitals.

By Application

Catheterization lab CVIS solutions, Electrophysiology lab CVIS solutions, Pacemaker / ICD lab CVIS solutions, Ecg / Holter monitoring lab CVIS solutions, Echocardiography lab CVIS solutions, Heart Failure Center CVIS solutions, Nuclear Cardiology CVIS solutions, and Cardiothoracic market solutions are different market CVIScic components.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Cerner Corporation, Esasote, CREALIFE Medical Technology, Fujifilm Medical Systems, GE Healthcare, Merge Healthcare Inc, Lumedx, Philips Healthcare, Simens Healthineers AG, McKesson Corporation.

MARKET SEGMENT

By Type

  • CVIS

  • C-PACS

By Component

  • Software

  • Services

  • Hardware

By Mode of Operation

  • Web-based

  • Cloud-based

By End User

  • Hospitals

  • Diagnostic Centers

By Application

  • Catheterization Lab CVIS Solutions

  • Echocardiography Lab CVIS Solutions

  • Electrophysiology Lab CVIS Solutions

  • Nuclear Cardiology CVIS Solutions

  • Cardiothoracic Center CVIS Solutions

  • ECG Studies/Holter monitoring CVIS Solutions

  • Pacemaker/ICD Lab CVIS Solutions

  • Heart Failure Centers CVIS Solutions

  • Outpatient Clinics CVIS Solutions

Cardiovascular Information System Market

REGIONAL ANALYSIS

After the European region, the market for cardiovascular information systems has mostly extended to North American regions. Geographically, it has been noted that this area of North America is dominated by stringent privacy and security laws, and that the amount of commerce in the cardiovascular information sector is rising. The North American region has an international healthcare information system that has grown its vendor partnerships. Although Latin America is predicted to be less developed than other rising nations, there is still a significant opportunity for the market for cardiovascular information systems to grow during the time of market projection.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Cardiovascular Information System Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 7.61 Billion
Market Size by 2028 US$ 12.87 Billion
CAGR CAGR of 7.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (CVIS, C-PACS)
• By Component (Software, Services, Hardware)
• By Mode of Operation (Web-based, Onsite, Cloud-based)
• By End User (Hospitals, Diagnostic Centers)
• By Application (Catheterization Lab CVIS Solutions, Echocardiography Lab CVIS Solutions, Electrophysiology Lab CVIS Solutions, Nuclear Cardiology CVIS Solutions, Cardiothoracic Center CVIS Solutions, ECG Studies/Holter monitoring CVIS Solutions, Pacemaker/ICD Lab CVIS Solutions, Heart Failure Centers CVIS Solutions, Outpatient Clinics CVIS Solutions)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cerner Corporation, Esasote, CREALIFE Medical Technology, Fujifilm Medical Systems, GE Healthcare, Merge Healthcare Inc, Lumedx, Philips Healthcare, Simens Healthineers AG, McKesson Corporation.
KEY DRIVERS • Cardiovascular Diseases Are Becoming More Common and Incident
• Concentrate on Improving Operational Efficiency and Lowering Medication Error Rates in Developed Markets
• Healthcare Providers Are Able to Cut Costs by Implementing CVIS
Restraints • Pricey CVIS Solutions
• Healthcare Professionals' Resistance to CVIS Implementation


Frequently Asked Questions (FAQ) :

 Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers. 

 Cerner Corporation, Esasote, CREALIFE Medical Technology, Fujifilm Medical Systems, GE Healthcare, Merge Healthcare Inc, are the key players of Cardiovascular Information System market

North America is dominated by stringent privacy and security laws, and that the amount of commerce in the cardiovascular information sector is rising. 

 Cardiovascular Diseases Are Becoming More Common and Incident, Concentrate on Improving Operational Efficiency and Lowering Medication Error being the key drivers of the Cardiovascular Information System market.

Cardiovascular Information System Market Size was valued at USD 7.61 billion in 2021.


Table of Content

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Cardiovascular Information System Market Segmentation, By Type

8.1 CVIS

8.2 C-PACS

 

9. Cardiovascular Information System Market Segmentation, By Component

9.1 Software

9.2 Services

9.3 Hardware

 

10. Cardiovascular Information System Market Segmentation, By Mode of Operation

10.1 Web-based

10.2 Onsite

10.3 Cloud-based

 

11. Cardiovascular Information System Market Segmentation, By End User

11.1 Hospitals

11.2 Diagnostic Centers

 

12. Cardiovascular Information System Market Segmentation, By Application

12.1 Catheterization Lab CVIS Solutions

12.2 Echocardiography Lab CVIS Solutions

12.3 Electrophysiology Lab CVIS Solutions

12.4 Nuclear Cardiology CVIS Solutions

12.5 Cardiothoracic Center CVIS Solutions

12.6 ECG Studies/Holter monitoring CVIS Solutions

12.7 Pacemaker/ICD Lab CVIS Solutions

12.8 Heart Failure Centers CVIS Solutions

12.9 Outpatient Clinics CVIS Solutions

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Cerner Corporation

            14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Esasote

14.3 CREALIFE Medical Technology

14.4 Fujifilm Medical Systems

14.5 GE Healthcare

14.6 Merge Healthcare Inc

14.7 Lumedx

14.8 Philips Healthcare

14.9 Simens Healthineers AG

14.10 McKesson Corporation.

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16 Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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