Cardiovascular Information System Market was valued at USD 616.7 million in 2015 and is anticipated to reach USD 1.2 billion by 2024. Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems. Factor such as growing need to integrate CVIS with CPACS and EMR and other cardiology modules is anticipated to fuel the product segment. A cardiovascular information system is a data-driven system in which research material and clinical information software along with scientific advancement data are stored.
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The key driving factors responsible for the growth of Cardiovascular Information System market :
The increasing need for ease to access data in numerous healthcare institutes for the fast and effective treatment of the patients in expected to stimulate the product demand over the next seven years. The amalgamation of reports, images, measurements and waveforms into the patient's record assists to create an information management and enterprise medical imaging solution in a proficient manner. An integrated cardiac EMR in one database offers a single point of access to the historical and current cardiac information and images, including ECG and haemodynamic data. Customizable reporting tools for the electrophysiology labs and cath, vascular and echo departments, ECG department and nuclear cardiology department make it possible for users to quickly document and analyze care practices. Workplace quality web access to report completion and procedures enables users to carry out a variety of clinical care tasks from isolated locations.
Cardiovascular information system aims to approve an advanced level of evidence-based proficient standards in cardiac recovery. The system is an integrated haemodynamic system which is data-driven patient informatics it is capable of storing all the information related to cardiovascular disease patient. For efficient recording and reporting patient information all the information is stored in CVIS. In addition, the business operations including business analytics and making bill which are conventionally managed by the separate computer system and can also be managed and stored by undertaking the system. Further, the product is also capable of providing dynamic reporting such as measurements, images, and informatics that are structured in a template design for reliable delivery and effectiveness of patient reports. With the implementation of CVIS cardiologists have observed a noteworthy reduction in report delivery time.
CVIS market is studied with respect to three different segments such as application, delivery mode, and component. CVIS industry by application is further segmented into echocardiography lab solutions, catheterization lab solutions, vascular lab solutions and ECG data management solutions. A component segment of CVIS market is studied with respect to hardware, services, and software. CVIS market by delivery mode is further classified into a web hosted, cloud-based and on premise market. CVIS acts as a single platform, single storage solution having single point entry to physicians, cardiologist administrators regardless of users location. Clinical benefits include accessibility of patient’s clinical history to the cardiologist prior to the procedures thereby nullifying the need of doctor leaving critical ill patient’s bedside. Business benefits of CVIS allow administrators to manage statistical reporting, inventory, billing and overall workflow in a live environment.
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These complex systems are taken care of by the cardiovascular therapy device market owing to the increasing number of global population being affected by the above mentioned diseases.
Improvements in treatment capabilities in developing markets owing to technological advancements and innovation is expected to have a positive impact on the demand for cardiovascular thereupatic devices in the medical and healthcare sector.
Technological advent with respect to therapeutic devices includes development of extended product life, smaller devices, and surgical improvements.
Increase in demand is also driven by increased risk factors (diabetes, smoking, obesity, and hypertension) among people Key application of in cardiovascular therapy is the hybrid operation rooms market that emphasizes on minimal invasive surgeries.
Although there has been a decline in the sales of cardiovascular therapy market due to saturation of key drug categories and an increased generic presence, the US witnessed a steady growth in the market since 2009 and is expected to continue the same trend.
Angiotensin receptor blockers (ARBs) is expected to remain the most prescribed therapeutic class within antihypertensives driven by key brands such as Cozaar, Diovan, and Avapro.
The global cardiovascular information system (CVIS) market was valued at USD 616.7 million in 2015 and is anticipated to reach USD 1.2 billion by 2024.
Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems.
A cardiovascular information system is a data-driven system in which research material and clinical information software along with scientific advancement data are stored.
It is a patient driven informatics obtained from ECG and EKG, Haemodynamic system and echo machines coupled with inventory, business analytics, and billing mechanisms.
The amalgamation of reports, images, measurements and waveforms into the patient's record assists to create an information management and enterprise medical imaging solution in a proficient manner.
An integrated cardiac EMR in one database offers a single point of access to the historical and current cardiac information and images, including ECG and haemodynamic data.
