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Cardiovascular Information System Market is poised to witness steady growth Owing to Rising Prevalence of Cardiovascular Diseases

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Saya Bonde
Cardiovascular Information System Market is poised to witness steady growth Owing to Rising Prevalence of Cardiovascular Diseases

A cardiovascular information system (CVIS) is a digital information storage system that collects and processes cardiovascular data from various sources for storing, distributing, and analyzing cardiovascular information. CVIS helps in making the image analysis, reports, diagnosis, and treatment plans readily available to cardiovascular specialists and other healthcare professionals. The rising prevalence of cardiovascular diseases such as heart attack, stroke, heart failure, congenital heart disease, and others is majorly driving the demand for CVIS.

The Global Cardiovascular Information System Market is estimated to be valued at US$ 9.26 Bn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Cardiovascular Information System are Philips Healthcare, GE Healthcare, Cisco Systems, Fujifilm Medical Systems, Inc., Siemens Healthcare GmbH, Cerner Corporation, LUMEDX Corporation, Digisonics, Inc., Honeywell Life Care Solutions.

The rising geriatric population, increasing adoption of minimally invasive procedures, and growing healthcare expenditure present key opportunities in the market. The increasing usage of cloud-based services and medical tourism are expected to drive the global expansion of the cardiovascular information system market during the forecast period.

Market drivers

The rising prevalence of cardiovascular diseases is one of the major drivers of the cardiovascular information system market. According to the American Heart Association’s Heart Disease and Stroke Statistics 2022 Update, cardiovascular disease causes over 805,000 deaths in the United States each year which accounts for 1 in every 3 deaths. Regular monitoring and management of cardiovascular conditions requires highly integrated and automated systems which can be easily fulfilled by CVIS. This fuels the demand for cardiovascular information systems worldwide.

PEST Analysis

Political: Government funding on healthcare IT adoption and investments in improving infrastructure will influence growth. Data privacy laws can impact how medical data is shared and technologies are implemented.

Economic: Rising healthcare costs are a driver for adoption of solutions that improve efficiency of care delivery and lower expenses. Governmental budget cuts may slow investments.

Social: An aging population and growing cases of lifestyle diseases increase demand for technologies that help manage cardiac conditions. Growing medical tourism also contributes to demand.

Technological: Advances in cloud computing, artificial intelligence, and analytics enable more sophisticated applications and insights. Integration of technologies supports improved patient care coordination.

Cardiovascular Information System Market Concentration by Geographical Regions

North America holds the largest share of the market currently due to advanced healthcare infrastructure and investments. Increased adoption of digital platforms by healthcare providers supports ongoing growth. The Asia Pacific region presents significant potential for market expansion as healthcare spending rises and systems modernize in countries like China and India.

Fastest Growing Region for Cardiovascular Information System Market

The Asia Pacific region is projected to experience the fastest CAGR over the forecast period. This is attributed to rising income levels supporting healthcare access, growing prevalence of cardiac diseases, and government initiatives to strengthen health IT adoption across the region. China and India alone are anticipated to contribute significantly to global market growth.

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