The cardiovascular information systems market is expected to register a CAGR of about 8%, during the forecast period.
For the past few years, the increasing number cardiovascular disease has in developing countries has been of great concern. With this rise in prevalence of CVD a lot of data is generated from the healthcare institutions, which is becoming difficult to handle manually, in this scenario the use of cardiovascular information systems will help in better management of patient data as well as help healthcare professionals provide better diagnosis and prescriptions to the patients. The acknowledgement of these capabilities will help the cardiovascular information systems market to register a high CAGR during the forecasted period. Also, other factors, such as rise in demand to reduce healthcare costs and Demand to curb the number of deaths due to cardiovascular diseases will help to drive the cardiovascular information systems market.
Cardiovascular information system is a relatively new product and it can provide huge benefits to the healthcare industry if ingrained throughout the industry. But, its efficiency in dealing with data and the accuracy with which it can deal with the data has not been proven yet, there is a reluctance in the healthcare industry to inculcate this technology in the industry. Also, in the emerging and developing economies the integration of such devices into the healthcare industry will require huge investments, which deters government and private institutions to use such systems. These factors will in-turn act as restraints for the cardiovascular information systems market.
North America is the largest market for CVIS solutions. This is due to the higher increased adoption rate of CVIS in this region compared to the others. Developed nations in Europe and APAC are also catching up well in updating the healthcare industry with cardiovascular information systems. This will lead to a growth of the cardiovascular information systems market in Europe and APAC.
The major players include – Agfa Healthcare, Cerner Corporation, Fujifilm Medical, GE Healthcare, Lumedx, McKesson Corporation, Merge Healthcare Phillips Healthcare, and SIEMENS Healthcare, among others.
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