Cardiovascular Information System (CVIS) aids in improving patient safety and quality of care by offering access to individual cardiovascular medical records. Moreover, adoption of CVIS aids to eliminate duplicate entries and reduce errors in hospitals and other healthcare facilities.
The global cardiovascular information system market is estimated to account for US$ 1,503.7 Mn in terms of value by the end of 2027.
Global Cardiovascular Information System Market: Drivers
Increasing adoption of Vendor Neutral Archive (VNA) technology is expected to propel growth of the global cardiovascular information system market over the forecast period. CVIS solutions have VNA technology inbuilt in them. This technology promotes sharing, archiving, and storing of images and healthcare information from 24 specialties. Imaging devices such as x-rays, CT scans, EKGs, endoscopic imaging, and digital fluoroscopy reports can be used with VNA.
Global Cardiovascular Information System Market: Opportunities
Development of CVIS enabled with Appropriate Use Criteria (AUC) is expected to offer lucrative growth opportunities for players in the market. AUC is an evidence-based guideline to assist referring physicians and other providers in making the appropriate imaging or treatment decision for a specific clinical condition/indication.
Global Cardiovascular Information System Market: Restraints
Lack of skilled professionals is expected to hinder growth of the market. A computerized information systems requires skilled personnel for its effective operation. Training is one of the aspects for use of any new technology. However, several emerging economies face lack of skilled professionals, which may limit the market growth.
The Catheterization segment held dominant position in the global cardiovascular information system market in 2019, accounting for 78.5% share in terms of value. Increasing prevalence of cardiovascular diseases (CVDs) is expected to boost growth of the segment during the forecasted period.
The Hospitals segment held dominant position in the global cardiovascular information system market in 2019, accounting for 41.3% share in terms of value, followed by Cardiac Cath Labs, respectively. Increasing healthcare infrastructure in developing economies is anticipated to propel the growth of the segment during the forecasted period.
CVIS offers wide range of functionality. The use of CVIS has expanded beyond report generation. There is a greater emphasis on interfaces with an EMR for order and scheduling integration. Moreover, companies are providing hospitals with comprehensive cardiovascular data management by integrating isolated data sources with the enterprise EHR.
The market in Middle East and Africa is witnessing formation of healthcare databases. For instance, in August 2018, the government of Dubai, announced to launch a unified database that will link the complete medical data of citizens, giving all doctors access to data from hospital visits and lab tests from any healthcare center.
Global Cardiovascular Information System Market: Competitive Landscape
Major players operating in the global cardiovascular information system market include, McKesson Corporation, GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, IBM (Merge Healthcare), Fujifilm Holdings Corporation, Lumedx, Digisonics Inc., and Agfa Healthcare.
Global Cardiovascular Information System Market: Key Developments
Scope of the report