Cardiovascular Information System Market Sector to New Peak | Demand Rate with Regional Outlook & Forecast, 2023

The global cardiovascular information system market is witnessing significant growth due to increasing prevalence of cardiovascular diseases, growing government initiates towards electronic health record system implementation and growing rate of medication errors. The remote access to data and images, and reduced IT burden in the diagnostic center and hospitals are supporting the demand of CVIS.

The increasing demand for cloud based solutions is expected to create opportunities for the players in the market. The unexplored market in developing economies is also creating abundant opportunities for the cardiovascular information system market to grow at a significant rate in the coming years.

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Cardiovascular disease is the disease of heart and blood vessels, which includes conditions such as hypertension, coronary heart disease, heart failure, cerebrovascular disease and rheumatic heart disease. According to the WHO, globally about 17.5 million people died due to cardiovascular diseases in 2012, while the number is expected to reach 23.3 million by 2030.

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Cardiovascular information system is imaging and analytical data handling software for cardiology department. It is designed to feature single database design for hemodynamics monitoring, echocardiography, vascular ultrasound, nuclear cardiology, ECG management, electrophysiology reporting and cardiac and peripheral catheterization. The adoption of CVIS solution is increasing for reducing the mortality rate due to cardiovascular disease and to streamline cardiac care workflow in healthcare organization. The solution helps to improve patient safety and quality of care, improve efficiency and reduce errors by eliminating duplicate entry, streamline cardiovascular information system workflow, increase productivity and strengthen referral relationships by expediting report creation. CVIS enables physicians to take accurate therapeutic decision in less time.

Geographically, North America has been the largest market for cardiovascular information system, owing to increasing incidence of cardiovascular disease, well established healthcare infrastructure, and strict privacy and security regulation in the region.

Globally, the cardiovascular information system market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to large pool of patient, improving healthcare infrastructure, increasing incidence of cardiovascular disease, and growing medicmedical tourism in the region.

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The key players operating in the global cardiovascular information system market are Philips Healthcare, McKesson Corporation, Philips Healthcare, General Electric Company, Siemens AG, AGFA Healthcare and Cerner Corporation.