Cardiovascular Information System Market by System Type (CVIS, Cardiology PACS), Components (Software, Services), Mode of Operation (Web-based, Onsite), End User, Applications (Catheterization, ECG, Holter, ICD, Electrocardiography) - Forecasts to 2020
The global cardiovascular information systems market is poised to reach USD 917.2 million by 2020 from USD 621.4 million in 2015, at a CAGR of 8.1%. Based on type, the cardiovascular information systems market is segmented into CVIS and C-PACS. The components market includes software, service, and hardware. On the basis of mode of operation, the market is segmented into web-based, onsite, and cloud-based. The CVIS end users market includes hospitals and diagnostic centers.
Based on applications, the CVIS market is segmented into catheterization lab CVIS solution, echocardiography lab CVIS solution, electrophysiology lab CVIS Solution, nuclear cardiology CVIS solution, cardiothoracic center CVIS solution, ECG studies/Holter monitoring CVIS solution, pacemaker / ICD lab CVIS solution, heart failure centers CVIS solution, outpatient clinics CVIS solution, other applications. Catheterization Lab CVIS solutions is an attractive segment of the cardiovascular information systems market. This segment is projected to grow at the highest CAGR from 2015 to 2020, owing to the increase in the number of coronary angioplasty procedures.
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Factors such as rising incidence of cardiovascular diseases, growing medical tourism in Asia-Pacific countries, increasing rate of medication errors, growing government initiatives towards EHR implementation, rise in the healthcare cost, and high adoption of CVIS in hospitals are contributing to the growth of the cardiovascular information systems market. However, factors such as lack of standard healthcare protocols towards successful implementation of CVIS solutions in many APAC countries are restraining the growth of this market during the forecast period.
Apart from comprehensive regional and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, regional focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
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