Market Overview:
The Cardiovascular Information System Market size is estimated to reach $2.1 billion by 2030, growing at a CAGR of 6.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Cardiovascular Information System Market – By System Type (Cardiovascular Information Systems (CVIS), Cardiology Picture Archiving and Communication Systems (CPACS), Vendor Neutral Archives (VNA), Electronic Medical Records (EMR), Others), By Component (Hardware, Software, Services), By Deployment Mode (On-Premise, Cloud-Based), By Application (Catheterization Lab, Electrocardiogram (ECG) Data Management, Echocardiography Lab, Nuclear Cardiology, Electrophysiology Lab, Cardiothoracic Center, ECG/Holter Monitoring, Pacemaker/ICD Lab, Heart Failure Center, Outpatient Clinic, Others), By End-User (Hospitals (Small and Medium-sized Hospitals, Large Hospitals), Diagnostic Centers, Ambulatory Surgical Centers, Others), Aftermarket), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
The Cardiovascular Information System (CVIS) market is the integration of advanced analytics and artificial intelligence (AI). This enables enhanced diagnostic accuracy, personalized treatment plans, and improved patient outcomes. The adoption of cloud-based solutions is also growing, facilitating seamless data sharing and real-time access to patient information across healthcare facilities.
APAC region is to Register Highest Growth:
APAC is anticipated to experience the highest growth of CAGR of 10.6% in the Cardiovascular Information System market between 2024 and 2030. The Asia Pacific region is projected to experience the fastest growth in the cardiovascular information system market during the forecast period. Significant increases in healthcare expenditure have spurred greater investments in R&D activities related to cardiovascular diseases, driven by a sharp rise in patient numbers. This has led to the development of innovative products and technologies, boosting market growth. Rapidly improving healthcare infrastructure in fast-developing economies like India and China is expected to further propel this growth. Additionally, the increasing prevalence of cardiovascular diseases in the region is anticipated to amplify market expansion due to the mounting burden of patient data records, necessitating advanced information systems.
Cardiovascular Information System Market: Key Takeaways
Integration with Electronic Health Records (EHRs)
Integration with Electronic Health Records (EHRs) in Cardiovascular Information System (CVIS) solutions is becoming increasingly prevalent, providing a comprehensive approach to patient data management. This integration enables seamless access to detailed patient histories, test results, and treatment plans, leading to improved care coordination among healthcare providers. The unified data environment enhances clinical outcomes by supporting more informed decision-making and personalized treatment strategies. Additionally, the integration bolsters patient safety by reducing the risk of errors through consistent and accessible documentation. By streamlining workflows and fostering collaboration, CVIS-EHR integration ultimately contributes to more efficient healthcare delivery and a higher standard of patient care.
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The Rise of Cloud-Based Solutions in the Cardiovascular Information System (CVIS) Market
The cardiovascular information system (CVIS) market is increasingly adopting cloud-based solutions due to their scalability, cost-effectiveness, and accessibility. Cloud technology enables improved data storage, allowing for extensive amounts of patient information to be securely stored and easily retrieved. This shift facilitates remote access, giving healthcare providers the ability to access and update patient data from various locations, which enhances collaboration across medical teams. The ease of integration with other digital health tools and systems further supports the efficiency and effectiveness of cardiovascular care. As a result, cloud-based CVIS solutions are becoming a preferred choice for modern healthcare facilities aiming for streamlined operations and enhanced patient care.
Scope of the Report:
Recent Developments
- In July 2024, GE HealthCare will acquire Intelligent Ultrasound Group PLC’s clinical AI software business for $51 million. Intelligent Ultrasound specializes in AI-driven image analysis tools that enhance ultrasound efficiency and smartness. This acquisition aims to integrate these advanced solutions into GE HealthCare’s ultrasound portfolio, improving workflows and ease of use for clinicians and benefiting patient care.
- In April 2023, Philips Healthcare unveiled its advanced Cardiovascular Information System (CVIS) to enhance cardiovascular disease management. The new system integrates comprehensive data analytics and imaging capabilities to support clinicians in diagnosing, treating, and monitoring patients more effectively, ultimately improving patient outcomes.
Cardiovascular Information System Market: Competitive Landscape
Key companies profiled in the Cardiovascular Information System Market are AGFA-Gevaert Group, Philips Healthcare, GE HealthCare, Siemens Healthineers AG, Merative, Fujifilm Medical Systems, Esaote SPA, Central Data Networks PTY Ltd, Infinitt Healthcare Co Ltd, Lumedx and, Others.
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