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Cardiovascular Information Systems Market to Rake in Nearly 7.3% In Terms of Revenue By the End of 2024
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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
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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The report also reveals that over 50% of global CVIS market revenues will be attributed by services. Adoption of cardiovascular information services will be fairly higher than the combined sales of hardware and software components. Demand for integrated software is also expected to surge, while adoption of CVIS maintenance services will gain traction through 2024. During the forecast period, eight out of ten cardiovascular information systems sold in the world will be cloud-based. Global deployment of cloud-based CVIS solutions will bring in a little over US$ 1,000 Mn by the end of 2024. And, the report also estimates that in 2017 and beyond, almost every other CVIS solution adopted across the globe will serve as an application for catheterization, echocardiography, and electrocardiogram. Although, global revenues emanating from the application of cardiovascular information systems in electrophysiological applications will soar at a high CAGR of 7.7%.
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