Cardiovascular Information Systems Market Worth 917.2 Million USD by 2020
PUNE, India, October 9, 2015 /PRNewswire/ --
According to a new market research report "Cardiovascular Information System Market by System Type (CVIS, Cardiology PACS), Components (Software, Services), Mode of Operation (Web-based, Onsite), End User, Applications (Catheterization, ECG, Holter, ICD, Electrocardiography) - Forecasts to 2020", published by MarketsandMarkets, the Cardiovascular Information Systems Market is expected to reach 917.2 Million USD by 2020, at a CAGR of 8.1% from 2015 to 2020.
Browse 98 market data Tables and 47 Figures spread through 158 Pages and in-depth TOC on "Cardiovascular Information System Market"
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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. 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 global cardiovascular information systems market is expected to reach USD 917.2 Million by 2020 from USD 621.4 Million in 2015, at a CAGR 8.1%. The web-based segment dominated the cardiovascular information systems market by mode of operation. The web-based segment is expected to reach USD 462.6 Million by 2020 from USD 314.1 Million in 2015, at a CAGR 8.1%. The driving factors of the cardiovascular information systems market are better interoperability, remote access to images and data, and reduce IT burden in the hospitals and diagnostics centers.
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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