Cardiovascular Information System Market 2024 - By Size, Share, Forecast And Trends Analysis Report 2033

Global cardiovascular information system market size is expected to reach $1.66 Bn by 2028 at a rate of 9.5%, segmented as by components, hardware, software, services

Aug 26, 2024 - 13:17

Cardiovascular Information System Market 2024 - By Size, Share, Forecast And Trends Analysis Report 2033

Cardiovascular information systems (CVIS) are specialized software solutions used in hospitals to manage and organize patient data related to heart health. Cardiovascular information systems (CVIS) are utilized to streamline the management, storage, and analysis of clinical data related to the diagnosis, treatment, and monitoring of cardiovascular diseases.

Sizing and Forecast

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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Segmentation & Regional Insights

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

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.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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

The cardiovascular information system market report table of contents includes: