Cardiovascular Information System (CVIS) Market Segmentation by Mode of Operation (On-Premise, and Cloud); by Component (Software, Hardware, and Service); and by Application (Electrophysiology, Echocardiography, Nuclear Cardiology, ECG Monitoring, and Others)-Global Demand Analysis & Opportunity Outlook 2031

Global Cardiovascular Information System (CVIS) Market Highlights Over 2022 – 2031

The global cardiovascular information system (CVIS) market is estimated to grow at a CAGR of ~8% over the forecast period, i.e., 2022-2031, and generate significant revenue by the end of 2031. The growth of the market can be attributed to the increase in the number of patients suffering from cardiovascular disease. As per the World Health Organization, cardiovascular diseases claimed the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths. Furthermore, heart attacks and strokes were responsible for 85 percent of these deaths. The cardiovascular information systems store images and large amounts of data that can be used for the treatment of patients. Furthermore, there has been a rise in the funding provided by the government for the advancement of technology in the medical profession, which is also anticipated to drive market growth in the coming years.

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The global cardiovascular information system (CVIS) market is segmented by mode of operation into on-premise and cloud. Out of these, the cloud segment is anticipated to hold the largest share over the forecast period in the market. This can be attributed to the lower cost and high rate of awareness among different sectors related to the cloud. Moreover, maintenance of patients’ data through cloud-based is relatively easy as compared to on-premise. Therefore, lower costs, a high rate of awareness, and effective maintenance of data are anticipated to contribute to the growth of the cloud segment.

Global Cardiovascular Information System (CVIS) Market Regional Synopsis

Regionally, the global cardiovascular information system (CVIS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness noteworthy growth over the forecast period on the back of the presence of advanced-level healthcare centers. As per the Centers for Disease Control and Prevention, every 36 minutes, one person dies owing to cardiovascular disease in the U.S.  Moreover, the high prevalence of cardiovascular disease is expected to surge the growth of the market in the Asia Pacific region.

Market Segmentation

Our in-depth analysis of the global cardiovascular information system (CVIS) market includes the following segments:

By Mode of Operation

• On-Premise

• Cloud

By Component

• Software

• Hardware

• Service

 By Application

• Electrophysiology

• Echocardiography

• Nuclear Cardiology

• ECG Monitoring

• Others

Growth Drivers and Challenges Impacting the Growth of the Cardiovascular Information System (CVIS) Market

Growth Drivers

• Increase in the number of patients suffering from cardiovascular disease

• Rise in the funding provided for the advanced technologies in medical profession

Challenges

• Keeping track of large number of patients’ data

• Lack of awareness related to the system

• High cost of the system

Key Companies Dominating the Cardiovascular Information System (CVIS) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cardiovascular information system (CVIS) market that are included in our report are Koninklijke Philips N.V., Siemens Healthcare GmbH, FUJIFILM Corporation, Cerner Corporation., Agfa-Gevaert Group, McKesson Corporation, General Electric Company, DIGISONIC Co., Ltd., LUMEDX (Intelerad Medical Systems Incorporated), Merge Healthcare (IBM Corporation), and others.

Latest Developments in the Cardiovascular Information System (CVIS) Market:

• 18 February 2021: Intelerad Medical Systems Incorporation announced the acquisition of LUMEDX, a provider of cardiovascular information systems and healthcare analytics.

• 1 February 2018: Siemens Healthineers (Siemens Healthcare GmbH) and Circle Cardiovascular Imaging announced a joint development agreement for MRI scanner application products and workflows, with corresponding post-processing capabilities, at the Joint EuroCMR/SCMR 2018 Meeting in Barcelona, Spain.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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