Cardiovascular Information System Market To Reach $2.20 Billion By 2030

Cardiovascular Information System Market Growth & Trends

The global cardiovascular information system market is expected to reach USD 2.20 billion by 2030, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 9.3% from 2023 to 2030. The global cardiovascular devices industry is growing swiftly owing to the increasing prevalence of heart diseases and other cardiovascular problems. 

In accordance with the growing patient population there is an exponential surge in the patient history documents and patient data records. The resultant,rising burden of patient data is pushing forward the demand for effective management tools; thus, offering increased accessibility of patient information to surgeons and the healthcare staff and hence enhancing the operational efficiency of the practices. In addition, factors, such as technological advancements and the gradually growing awareness regarding the availability of these improved systems are expected to fuel the growth of the cardiovascular devices market. 

However, factors,such as high system costs and the lack of skilled operators are impeding the overall growth. In addition, the presence of alternative data management tools is challenging the adoption of the information systems specific to cardiovascular data management. Some of the key players in the market are implementing strategies to expand market share. For instance, companies, such as Philips Healthcare and GE Healthcare offer CVIS systems along with their cardiac imaging products.  

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Cardiovascular Information System Market Report Highlights

• The CVIS segment accounted for the largest revenue share in 2022 and is expected to expand at the fastest CAGR over the forecast period.

• CVIS systems facilitate effective data analysis, enabling physicians to make accurate therapeutic decisions quicker than CPACS systems

• The cloud-based segment is anticipated to expand at the fastest CAGR of 10.1% over the forecast period due to its cost-effectiveness and convenience

• North America dominated the market and accounted for the largest revenue share of 31.8% in 2022

• The factors contributing to the growth of the North America market include the increasing prevalence of heart diseases and the technological advancements in the region. Moreover, factors, such as the availability of highly advanced healthcare facilities and the higher adoption rate of the data management tools are augmenting the market growth in North America

• The Asia Pacific region is expected to expand at the fastest CAGR of 10.2% during the forecast period. The region has witnessed a significant increase in healthcare expenditure, leading to greater investments in research and development activities related to cardiovascular diseases due to a sharp increase in the number of patients

• The booming medical tourism in Asia Pacific due to the availability of advanced healthcare facilities and services at a lower cost in comparison to the other developed countries serves as the pivotal factor in attracting cardiac patients worldwide to this region

Cardiovascular Information System Market Segmentation

Grand View Research has segmented the global cardiovascular information system market report based on mode of operation, system, and region:

Cardiovascular Information System Mode Of Operation Outlook (Revenue, USD Million, 2018 - 2030)

• Web-based

• On-site

• Cloud-based 

Cardiovascular Information System Outlook (Revenue, USD Million, 2018 - 2030)

• CVIS

• CPACS 

Cardiovascular Information System Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Cardiovascular Information System Market

• Philips Healthcare

• GE Healthcare

• Cisco Systems

• Fujifilm Medical Systems, Inc.

• Siemens Healthcare GmbH

• Cerner Corporation

• LUMEDX Corporation

• Digisonics, Inc.

• Honeywell Life Care Solutions