Cardiovascular information systems (CVISs) are integrated software solutions that provide a comprehensive suite of cardiovascular care applications and functions for storage, retrieval, and analysis of cardiac diagnostic imaging exams, reports, and cardiovascular patient information. CVISs assist healthcare providers in managing cardiovascular patient data, enhance collaboration and workflow efficiency.
The global cardiovascular information system market is estimated to be valued at US$ 9.26 Billion in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing technological advancements have accelerated the demand for cardiovascular information system. Integration of artificial intelligence and machine learning capabilities in CVIS have improved diagnostic efficiency and clinical outcomes. AI assisted features such as automated report generation and detection of anomalies have reduced diagnostic errors. Also, cloud based CVIS allows distributed access to patient records which has boosted their adoption across healthcare organizations. Rising demand for efficient management of voluminous cardiovascular data and imaging owing to growing geriatric population with cardiovascular ailments worldwide will continue to drive the cardiovascular information system market during the forecast period.
Segment Analysis
The global cardiovascular information system market is segmented based on component, mode of operation, and end user. By component, the services sub segment dominates the market. Services hold the largest market share as they help integrate electronic health records with cardiovascular information systems and ensure maintenance and seamless performance of the systems throughout their use.
Key Takeaways
The global cardiovascular information system market is expected to witness high growth over the forecast period. The global Cardiovascular Information System Market is estimated to be valued at US$ 9.26 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030.
Regional analysis
North America leads the cardiovascular information system market currently. Presence of advanced healthcare infrastructure, growing incidence of cardiovascular diseases, and strict patient safety regulations drive the regional market growth. Asia Pacific registers the fastest growth rate. Growing healthcare expenditure, increasing medical tourism, and improving healthcare infrastructure boost market expansion in Asia Pacific.
Key players
Key players operating in the cardiovascular information system market are Philips Healthcare, GE Healthcare, Cisco Systems, Fujifilm Medical Systems, Inc., and Siemens Healthcare GmbH. Philips Healthcare leads the market with its comprehensive suite of integrated cardiovascular information systems. GE Healthcare also has a wide range of systems to manage cardiology workflows and patient data.
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