Market Size – The cardiovascular information system market size has grown strongly in recent years. It will grow from $1.06 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to electronic health records (EHR) integration, need for workflow optimization, patient engagement and empowerment, cardiovascular disease burden and interoperability and data exchange.
The cardiovascular information system market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to value-based care initiatives, artificial intelligence and machine learning, cybersecurity and data privacy, and remote cardiac rehabilitation programs. Major trends in the forecast period include cloud-based solutions, advanced analytics and reporting, telemedicine integration, artificial intelligence and automation and cybersecurity measures.
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Scope Of Cardiovascular Information System MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cardiovascular Information System Market Overview
Market Drivers –The increasing number of cardiovascular disease patients is expected to propel the growth of the cardiovascular information system market going forward. Cardiovascular disease (CVD) refers to a group of conditions that involve narrowed or blocked blood vessels, which can lead to various complications such as heart attacks, chest pain (angina), or strokes. Cardiovascular disease, encompassing a range of heart and blood vessel issues, has become a prevalent health concern globally. The leading cause of the increase is the presence of risk factors such as high blood pressure, high cholesterol levels, smoking, obesity, diabetes, and a sedentary lifestyle. Cardiovascular information systems (CVIS) efficiently manage patient data, enhance communication among healthcare professionals, and support quicker and more informed decision-making in diagnosis and treatment. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based governmental organization, the prevalence of coronary heart disease among adults aged 18 and over was 4.6% in 2020, showing a slight increase to 4.9% in 2021. Therefore, the increasing number of cardiovascular disease patients is driving the growth of the cardiovascular information system market.
Market Trends – Major companies operating in the cardiovascular information system market are focusing on developing next-generation insertable monitors to improve patient outcomes and streamline clinical workflows. Next-generation cardiac insertable monitors represent a significant advancement in cardiac care, offering improved diagnostic capabilities, enhanced patient comfort, and better overall management of cardiovascular conditions. For instance, in October 2023, Boston Scientific Corporation launched the LUX-Dx II+ Insertable Cardiac Monitor (ICM) System, a next-generation insertable monitor for long-term monitoring of arrhythmias associated with conditions such as atrial fibrillation (AF), cryptogenic stroke, and syncope. It offers dual-stage algorithms for accurate arrhythmia detection, remote programming capabilities for adjustments without clinic visits, and a downloadable app for convenient remote monitoring, enhancing clinical decision-making and patient care.
The cardiovascular information system market covered in this report is segmented –
1) By Components: Hardware, Software, Services
2) By Mode Of Operation: Web-Based, Cloud-Based, On-Site
3) By Application: Catheterization, Echocardiography, Electrocardiogram, Electrophysiology, Other Applications
4) By End User: Hospitals, Clinics, Cardiac Cath Labs, Ambulatory Surgical Centers, Diagnostic Centers
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Regional Insights – North America was the largest region in the cardiovascular information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the cardiovascular information system market are McKesson Corporation, IBM Corporation, Medtronic Plc., Siemens AG, Fujifilm Holding Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, Cerner Corporation, Epic Systems Corporation, Carestream Health Inc., Allscripts Healthcare LLC, NextGen Healthcare LLC, Esaote S.p.A., Intelerad Medical Systems Incorporated, Merge Healthcare, Canon Medical Systems Corporation , CareCloud Corp., LivaNova Plc., Lumedx Corporation, Digisonics Inc., Medigy LLC, INFINITT Healthcare Co Ltd., CREALIFE Medical Technology Inc., Epic Systems Corporation
Table of Contents 1. Executive Summary2. Cardiovascular Information System Market Report Structure3. Cardiovascular Information System Market Trends And Strategies4. Cardiovascular Information System Market – Macro Economic Scenario5. Cardiovascular Information System Market Size And Growth…..27. Cardiovascular Information System Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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