The cardiovascular information system (CVIS) market offers
solutions that help manage, store, retrieve and transmit cardiovascular
clinical information electronically. CVIS assists physicians in diagnosing
cardiovascular diseases efficiently and helps improve patient care. It enables
storage and retrieval of physician notes, radiology images, pathology reports
and patient demographics on a single integrated platform. The global adoption
of electronic health records and the need for connected healthcare is driving
increased demand for CVIS.
The Global Cardiovascular Information System Market is estimated to be valued
at US$ 1.51 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the
forecast period 2024 to 2031.
Key Takeaways
Key players operating in the cardiovascular information system market are GE
Healthcare, Philips Healthcare, Siemens Healthineers, McKesson Corporation,
Agfa Healthcare, Fujifilm Holdings Corporation, Merge Healthcare, Lumedx,
Cerner Corporation, Digisonics, Inc., Carestream Health, Shimadzu Corporation,
Epic Systems Corporation, ScImage, Inc., Medis Medical Imaging Systems BV,
HeartIT (Heart Imaging Technologies), Infinitt Healthcare Co, Ltd., and Change
Healthcare.
Growing Cardiovascular
Information System Market Trends for integrated health information systems
to streamline workflows and enhance patient care is fueling market growth. CVIS
enables electronic health records, allowing physicians to access
multi-dimensional patient data from a single platform. This is increasing
adoption across hospitals and diagnostic centers.
Technological advancements integrating artificial intelligence, cloud-computing
and big data analytics are enhancing the capabilities of CVIS. AI-powered
solutions enable automated analysis of medical images, alerts and notifications.
Cloud-based platforms offer easy sharing of data across different locations.
Market Trends
There is growing adoption of cloud-based CVIS solutions owing to benefits like
easy data access, lower maintenance costs and faster updates. Cloud deployment
is helping both large hospitals and small clinics adopt CVIS efficiently.
Integration of AI and analytics is emerging as a key trend. Vendors are
focusing on developing AI-driven solutions that can analyze medical images,
track patient records for abnormal patterns and offer disease predictions to
aid clinicians. This will make cardiovascular care more efficient and
personalized.
Market Opportunities
growing healthcare expenditure in emerging nations is expected to drive the
implementation of CVIS systems in these regions over the forecast period.
Governments are promoting adoption of digital health solutions like CVIS for
improved care.
Investment in research and development of more advanced AI-based solutions will
further expand opportunities. CVIS integrated with ML and deep learning can
transform cardiology practice through accelerated diagnosis and treatment
planning.
Impact of COVID-19 on Cardiovascular Information System Market Growth
The COVID-19 pandemic has significantly impacted the cardiovascular information
system market. During the initial months of the outbreak when lockdowns were
imposed globally, the demand for cardiovascular procedures declined sharply due
to deferment of elective surgeries. However, as hospitals filled up with
COVID-19 patients, there was an increased need to remotely access and share
cardiovascular images and reports to deliver timely care. This boosted the
demand for telecardiology and boosted adoption of cloud-based cardiovascular
information systems. Healthcare institutions also increased investments in
digitization initiatives to improve clinical workflows and provide mobile
access to case files for healthcare practitioners. As the pandemic continues,
demand for telehealth and remote patient monitoring solutions look set to
remain elevated, benefiting vendors in this market.
Geographical regions with concentrated Cardiovascular Information System market
value
North America represents the largest regional market for cardiovascular
information systems, accounting for over 40% of the global market value. This
can be attributed to factors such as high adoption of health IT solutions,
developed healthcare infrastructure, and presence of leading global players in
the region. Within North America, the United States holds the major share due
to large cardiovascular patient pool and supportive regulatory environment
promoting hospital digitization. Europe is the second largest market, driven by
initiatives like the Digital Single Market strategy aimed at improving access
to eHealth services across European Union. Asia Pacific is poised to experience
the fastest growth during the forecast period owing to rising healthcare
expenditures, growing incidence of cardiovascular diseases, and initiatives to
modernize healthcare systems in emerging countries.
Fastest growing region for Cardiovascular Information System market
Asia Pacific region represents the fastest growing regional market for
cardiovascular information systems. Rapid economic development, rising
affluence, increasing healthcare budgets and growing focus on quality care are
driving advancement of healthcare infrastructure and adoption of medical
technologies in Asia Pacific. Additionally, high prevalence of lifestyle
diseases like diabetes and hypertension causing cardiovascular ailments has
prioritized treatment of cardiac issues. Governments are undertaking
initiatives to improve accessibility and lower costs of quality care. These
favorable market dynamics are prompting global medical device companies to tap
growth opportunities by establishing manufacturing facilities and partnerships
in Asia Pacific. As a result, cardiovascular information system sales are
forecast to witness strong double digit CAGR during the analysis period, making
Asia Pacific the most lucrative regional market.
Get More
Insights on- Cardiovascular
Information System Market
For Deeper
Insights, Find the Report in the Language that You want:
About
Author:
Money
Singh is a seasoned
content writer with over four years of experience in the market research
sector. Her expertise spans various industries, including food and beverages,
biotechnology, chemical and materials, defense and aerospace, consumer goods,
etc. (https://www.linkedin.com/in/money-singh-590844163)
