Press release
Cardiovascular Information System market to grow from more than US$ 650 Mn in 2015 to nearly US$ 1,300 Mn by 2024 end
Leading providers of cardiovascular information systems in the world: McKeeson Corporation, IBM (Merge Healthcare), GE Healthcare, Agfa Healthcare, Digisonics Inc., Siemens AG, Koninklijke Philips NV, Fujifilm Holdings Corporation, and Lumedx
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According to the report, titled “Cardiovascular Information Systems (CVIS) Market: Global Industry Analysis and Forecast, 2016-2024,” the global adoption of cardiovascular information systems will be rampant on the account of factors such as:
Growing adoption of Vendor Neutral Archive (VNA) technology: Almost every other CVIS solution in the market is likely to be fully-compatible with the VNA technology. Sharing, storing and archiving medical information from more than 20 specialties and generating ideal CVIS solutions makes Vendor Neutral Archive an integral part of cardiovascular information systems.
Higher investments in Health Information Technology (HIT): Consolidation of HIT solutions in the global healthcare industry is incidentally fuelling the adoption of cardiovascular information system solutions.
Favorable government reforms: Hospitals and medical institutes are not shying away from installing advanced CVIS solutions, thanks to favorable legislative acts implemented by governments around the world. For instance, the Health Information Technology for Economic & Clinical Health (HITECH) Act of 2009 has been instrumenting billion-dollar investments towards development of electronic information systems that use medical records for important clinical purposes.
The report unswervingly regards hospitals, clinics and cardiac cath labs are largest end-users of cardiovascular information systems in the world. And, an unwavering growth in infrastructure of such healthcare organizations has been projected to play a major role in driving the sales of CVIS solutions. Correspondingly, robust healthcare infrastructure in the US and Canada has helped in orchestrating North America’s dominance in the global CVIS market. In 2016, nearly 40% of global CVIS revenues were accounted by North America. The demand for cardiovascular information systems is also expected to rise in Asia Pacific and Europe, while Latin America and Middle East & Africa will register a comparatively sluggish revenue growth through 2024.
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