The market is poised to reach $XX million by the end of 2021 growing at a CAGR of XX%. Many healthcare organizations are revamping their cardiovascular departments with a CVIS allowing transformations across people, process, organization and technology facets. A successfully implemented CVIS solution allows organizations to modernize the cardiovascular services in their organizations. A proper CVIS setup ensures immense benefits. Some of them include increased performance, streamlined patient care, image/cardiology asset accessibility, structured reporting & analytics, strategy & business case for transformation, vendor selection & CVIS implementation and assessment for Cardiology workflow & organizational change management.
Currently, 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. APAC is the fastest growing segment. The global CVIS market can be segmented on the basis of mode of workflow (cardiac catheterization, electrophysiology, vascular catheterization, echocardiography, ECG, Cardiac CT, Cardiac MRA, Vascular Ultrasound, Nuclear Cardiology and Hemodynamics monitoring), components (Hardware, Software, Services), Mode of delivery (Web based, cloud based & on premise), End user (Small, Medium, Large Hospitals) and Geography (North America, Europe, APAC & RoW).
Rise in demand to curb the number of deaths due to cardiovascular diseases, rise in demand to reduce healthcare costs, new methods of treatment giving improved results and rise in the number of cardiac patients are the major factors driving the growth of the market.
Expensive CVIS solutions, lack of proper skilled labor and reluctance from the medical industry to accept the CVIS solutions are the major factors hindering the growth of the CVIS market.
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