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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Cardiovascular Information System Market Size
The global cardiovascular information system market was valued at USD 1.2 billion in 2023, driven by the rising prevalence of cardiovascular diseases across the globe. The market is expected to grow at a CAGR of 9.00% during the forecast period of 2024-2032, with the values likely to rise from USD 1.3 billion in 2024 to USD 2.6 billion by 2032.
Global Cardiovascular Information System Market Outlook
- The market value is impacted by increasing incidence of cardiovascular conditions, driven by sedentary lifestyle and unhealthy dietary habits.
- Rising integration of cardiovascular information systems to improve workflow is one of the major market trends. In September 2023, GE Healthcare announced the establishment of the system in Queensland (Australia) medical centres.
- On the basis of region, North America holds a substantial market share which can be attributed to the presence of an advanced healthcare infrastructure.
Global Cardiovascular Information System Market Overview
Cardiovascular information system (CVIS) is a digitalized software which collects and stores clinical information in the form of electronic medical records. CVIS aids in the analysis of cardiovascular data, like diagnosis and treatment across healthcare settings. Factors that impact the market dynamics include the growing adoption of cloud-based solutions, increased patient awareness, and improvements in the regulatory landscape which enables the innovative advancements in the area, is likely to augment the market size.
Global Cardiovascular Information System Market Growth Drivers
Rising Integration of the System to Improve Patient Outcomes
In September 2023, GE Healthcare announced the setup of cardiovascular information system in Queensland (Australia). The company partnered with eHealth Queensland to deploy its Centricity Cardio Enterprise solution and 20 echocardiography facilities across 11 state hospitals. The establishment of the system enables the healthcare professionals to manage over 25,000 diagnostic and interventional procedures along with 124,000 imaging studies. Such advancements are expected to boost the market share of cardiovascular information system across the globe.
Increasing Strategic Mergers and Collaborations to Meet the Global Cardiovascular Information System Market Demand
In January 2021, Hillrom acquired Bardy Diagnostics, Inc., valued at USD 375 million. The acquisition provided Hillrom with differentiated diagnostic cardiology platform and aligned with the company’s broader objectives, intended to solidify its position in the cardiology sector and to improve its patient monitoring technology offerings.
In February 2019, GE Healthcare announced a collaboration with Preventice Solutions to improve remote monitoring of cardiac arrhythmias. The collaboration aimed to integrate data from Preventice's wearable technology into GE Healthcare's Cardiovascular Information System, enhancing advanced remote monitoring technology.
Global Cardiovascular Information System Market Trends
| Key Trend | Impact |
| Increasing Prevalence of Cardiovascular Diseases | Cardiovascular diseases are on rise due to the changes in lifestyle as sedentary living, poor eating habits along with high level of stress, another reason for the disease is the aging population globally. Health issues associated with age includes cardiovascular conditions such as heart attacks, hypertension, which are on rise. On the other hand, older adults are more prone to chronic heart conditions. This in turn give rise to managing vast amount of data as diagnostics images, patient history, and monitoring data. CVIS supports in managing large datasets effectively, streamlining various clinical and administrative processes contributing to enhanced efficiency. |
| Incorporation of Artificial Intelligence (AI) in CVIS | Integrating AI assists in enhanced diagnostics accuracy by analysing imaging data as angiograms and detect subtle patterns. The use of AI in the prediction of patient outcome based on age, genetics, medical history and lifestyle factors helps clinicians in customizing treatments. CVIS also provides real-time insights during decision-making process. |
| Advancements in Cloud Computing | The adoption of cloud-based solutions is propelled by the benefits it offers. It can meet the growing scalability of the clinics and hospitals by accommodating more data. This type of system works on subscription model, thereby reducing the costs of purchasing and maintaining hardware. This is useful where budget constraints are large. |
| Expansion into Emerging Markets | As the economies in the developing countries grow, private and government sectors are increasing their investments in the healthcare infrastructure. This includes spending on clinics, hospitals, health technology, giving rise to the adoption of systems like cardiovascular information systems. |
Global Cardiovascular Information System Market Segmentation
Market Breakup by System Type
- CVIS
- CPACS
Market Breakup by Application
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Holter
- Others
Market Breakup by Component
- Software
- Hardware
- Services
Market Breakup by Operations
- Web-Based
- On-Site
- Cloud Based
Market Breakup by End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Cardiovascular Information System Market Share
System Type Segment to Witness Substantial Growth
The market segmentation by system type includes CVIS and CPACS. CVIS is designed to manage cardiovascular data, whereas CPACS concentrates on cardiac imaging data, both of which are crucial for improving workflow efficiency and the quality of patient care. The market is composed for substantial growth as healthcare professionals continue to adopt these systems to streamline operations and improve patient outcomes.
Electrocardiogram and Electrophysiology are Projected for Growth in the Application Segment
Based on application, the market is segmented by applications such as catheterization, echocardiography, electrocardiogram, electrophysiology, Holter monitoring, and others. The driving factor for this segment is the increase in prevalence of cardiovascular diseases, technological advancements in diagnostics. Electrocardiogram and electrophysiology are poised for growth attributed to their function in treatment and diagnosis of complex cardiac disorders.
Global Cardiovascular Information System Market Analysis by Region
The market report offers insights on major regional markets including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to the market due to enhanced healthcare infrastructure and spendings in healthcare domain. The presence of various healthcare organizations and prominent academic institutions boost the market value, as they undergo multiple collaborations to devise better solutions.
The Asia Pacific region is expected to experience notable growth in the forecast period, which is driven by awareness about healthcare and the expanding facilities in medical science. Emerging economies such as India, South Korea and Taiwan are witnessing an increased influx of foreign capital as major companies are setting their offices in the region to leverage affordable resources and expertise.
Leading Players in the Global Cardiovascular Information System Market
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Intelerad Medical Systems Incorporated
- Central Data Networks
- General Electric Company
- SoftLink International Pvt. Ltd
- Siemens Healthineers AG
- RIOMED LTD
- ScImage, Inc.
- Merative
- Koninklijke Philips N.V.
- Esaote SPA
- INFINITT Healthcare Co., Ltd
- FUJIFILM Holdings Corporation
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by System Type |
|
| Breakup by Application |
|
| Breakup by Component |
|
| Breakup by Operations |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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Cardiovascular Information System Market Report Snapshots
Cardiovascular Information System Market Size
Cardiovascular Information System Market Growth
Cardiovascular Information System Market Trends
Cardiovascular Information System Market Share
Cardiovascular Information System Regional Analysis
Cardiovascular Information System Companies
Key Queries Solved in the Global Cardiovascular Information System Market Report
- What was the global cardiovascular information system market value in 2023?
- What is the global cardiovascular information system market forecast outlook for 2024-2032?
- What are the major factors aiding the global market demand?
- What are the major global cardiovascular information system market trends?
- What is the market segmentation based on the system type?
- What are the major end users of cardiovascular information system?
- What is the market breakup based on components?
- What are the application areas of cardiovascular information system?
- What are the major markets according to the EMR report?
- What is market segmentation on the basis of operations?
- Who are the key players involved in the global cardiovascular information system market?
- How will the market landscape evolve in the forecast period?
- What will be the effect of each driver, challenge, and opportunity on the market?
- Which regional market is expected to experience expedited growth during the forecast period?
- Which end user is expected to dominate the respective market segment?
- What are the key research initiatives expected to boost the market value during the forecast period?
- Which application is poised to make the highest impact on market growth?
- What are the market shares, strategies, and product portfolios of the leading players in the market?
- How is the regulatory landscape shaping the market?
- What are the market dynamics, trends, and growth prospects in the key regional markets?
- How is technology innovation impacting the development of cardiovascular information system?
- What are the investment opportunities and potential risks associated with the market?
- What is the patent landscape of the market?
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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