Cardiovascular Information Systems Market Forecasts to 2020
Rising
incidence of cardiovascular diseases, growing rate of medication errors,
increasing government initiatives towards EHR implementation, rise in
healthcare costs, and high adoption of CVIS in hospitals are driving the market
growth. On the other hand, 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.
The
report includes the driving and restraining factors of the market with detailed
analyses of opportunities and challenges. The market has been segmented on the
basis of the key regions North America, Europe, Asia-Pacific, and the Rest of
the World (RoW). The size of the markets in the key countries has also been
covered and projected for each region
The
cardiovascular information systems market, based on system type, components,
mode of operation, end-user, and applications. The market, based on
application, is segmented Catheterization Lab CVIS solutions, Echocardiography
Lab CVIS solutions, Electrophysiology Lab CVIS solutions, Nuclear Cardiology
CVIS solutions, Cardiothoracic center CVIS solutions, ECG/ Holter monitoring
CVIS solutions, Pacemaker / ICD Lab CVIS solutions, Heart Failure Centers CVIS
solutions, Outpatient Clinics CVIS solutions, and other applications. .
On the basis of system type, the cardiovascular information system
market is segmented into CVIS and CPACS. The CVIS segment is expected to
account for the largest share of the global cardiovascular information system
market in 2015. The CVIS segment is expected to reach USD 626.9 Million by 2020
from USD 420.4 Million in 2015, at a CAGR 8.3%. Increasing incidence of
cardiovascular diseases is a major factor driving the market.
The cardiovascular information system market, by component,
includes software, services, and hardware. The services segment is poised to be
the fastest-growing segment during the forecast period, owing to the
requirement of extensive training, maintenance, and upgradation services for
the complex software introduction, integration, and interoperability of CVIS
software.
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Geographically, the cardiovascular information system market was
dominated by North America, followed by Europe. In 2015, North America is
expected to account for the largest share of the market, while the market in
Asia is expected to witness the highest growth rate.
The key players of the cardiovascular information system market
are undertaking strategic decisions of new product developments, partnerships,
collaborations, expansions, and investments to maintain their position in the
market. They are involved in the research & development of various CVIS
& CPACS modules to attain a majority market share.
Major players in the
cardiovascular information systems market include Philips Healthcare
(Netherlands), McKesson Corporation (U.S.), GE Healthcare (U.K.), Siemens
Healthcare (Germany), Merge Healthcare (U.S.), Lumedx (U.S.), Agfa Healthcare
(Belgium), Fujifilm Medical Systems (Japan), Digisonics (U.S.), and Cerner
Corporation (U.S.).
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