(MENAFN- Zion market Research) Zion Market Research has published a new report titled 'Cardiovascular Information System Market by Component (Hardware, Software, and Services), by Deployment (Cloud-Based and On-Premises), by Application (Catheterization, Echocardiography, Electrocardiogram, Electrophysiology, Nuclear Cardiology, and Others), and by End-User (Hospitals, Clinics, Cardiac Cath Labs, Ambulatory Surgical Centers, and Diagnostic Centers): Global industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the global cardiovascular information system market was valued at approximately USD 761 million in 2018 and is expected to generate around USD 1,283 million by 2025, at a CAGR of around 7.8% between 2019 and 2025.
Over the last few decades, the rise in the number of cardiovascular diseases has raised major concerns in developing countries globally. This growing prevalence of cardiovascular diseases generates huge amounts of patient-related data in healthcare institutions, which has become difficult to handle manually. In such a scenario, the use of cardiovascular information system is helping healthcare professionals to provide better management of patient data and prescriptions to the patients. Additionally, the growing need to curb the number of deaths due to cardiovascular diseases, rising demand to reduce healthcare costs, and increasing incidences of cardiovascular diseases like arrhythmias, cardiac failure, and ischemic heart disease are further propelling the cardiovascular information system market.
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The global cardiovascular information system market is segmented on the basis of component, deployment, application, and end-user. By component, the market for the cardiovascular information system is segmented into hardware, software, and services. The software segment is further segmented into standalone and integrated. The software segment held a major market share in 2018. The CVIS software facilitates decision support, information exchange, and scientific advancement in cardiovascular studies along with being aimed at validating the advanced level of evidence-based professional standards.
Based on deployment, the market is divided into cloud-based and on-premises. The on-premises segment held a major market share in 2018, owing to its relatively cheaper cost and growing awareness. Additionally, the cloud-based segment is likely to show significant growth over the forecast time period.
By application, the cardiovascular information system market is segmented into catheterization, echocardiography, electrocardiogram, electrophysiology, nuclear cardiology, and others. Catheterization led the global CVIS market in terms of revenue in 2017 and is projected to continue to do so throughout the forecast period. The cardiovascular information system helps in improving quality of care and patient safety reduces errors and improves efficiency by eliminating duplicate entries, streamlining workflow, and strengthening referral relationships by accelerating report creation. CVIS also helps physicians in taking accurate therapeutic decisions in a short time period.
The end-user segment includes hospitals, clinics, cardiac cath labs, ambulatory surgical centers, and diagnostics centers. Hospitals held a major share of the market in 2018, owing to the growing adoption of cardiovascular information systems due to their high purchasing power.
By region, North America and Europe held major shares of the global cardiovascular information system market in 2018. Asia Pacific is likely to the highest CAGR in the global cardiovascular information system market in the future, owing to the growing CVD patient flow and rising healthcare expenditure. Additionally, government investments in China and India and strategies used by major companies to increase their revenue and expand their businesses simultaneously in these countries. The economically developing regions like Latin America and the Middle East and Africa are still underdeveloped regions but have huge potential for this market's growth.
Some leading players of the global cardiovascular information system market are McKesson Corporation, General Electric Company, Koninklijke Philips N.V., Siemens AG, Merge Healthcare, Cerner Corporation, Fujifilm Holdings Corporation, Lumedx, Digisonics Inc., and Agfa Healthcare.
This report segments the global cardiovascular information system market into:
Global Cardiovascular Information System Market: Component Analysis
- Hardware
- Software
- Services
Global Cardiovascular Information System Market: Deployment Analysis
Global Cardiovascular Information System Market: Application Analysis
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Nuclear Cardiology
- Others
Global Cardiovascular Information System Market: End-User Analysis
- Hospital
- Clinics
- Cardiac Cath Labs
- Ambulatory Surgical Centers
- Diagnostic Centers
Global Cardiovascular Information System Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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