Cardiovascular Informations (CVIS) Market Analysis

Market Insights

The cardiovascular information system (CVIS) market is expected to grow from USD 881.3 million in 2020 to USD 1341.0 million by 2026 at a CAGR of over 7.4% during the forecast period.

A cardiovascular information system (CVIS) can be defined as a system that allows easy report generation and distribution. It offers on-time access to cardiovascular electronic medical records (EMR) in images, reports, and waveforms. Based on components, a CVIS can be categorized as hardware, software, and services.

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Market Dynamics

The growth of the cardiovascular informations (CVIS) market is primarily driven by increasing incidences of cardiovascular diseases such as ischemic heart disease and cardiac failure. The rising adoption of structured reporting in the healthcare sector is likely to drive market growth at a significant rate during the review period. Additionally, surging demand for advanced information systems is likely to create lucrative opportunities for the players operating in the global market in the coming years.

The COVID-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the cardiovascular informations (CVIS) market negatively as the imposition of the lockdown affected product supply for a short period.

Key Players

Key players operating in the Cardiovascular Informations (CVIS) Market are-

• Agfa-Gevaert N.V. (Belgium)
• Digisonics Inc (US)
• Epic Systems Corporation (US)
• Esaote SpA (Italy)
• Canon Medical Systems Corporation (Japan)
• GE Healthcare (US)
• Fujifilm Holdings Corporation (Japan)
• Allscripts Healthcare Solutions, Inc. (US)
• Carestream Health (US)
• Cerner Corporation (US)
• Alcidion Group Limited (Australia)
• Shimadzu Corporation (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Siemens AG (Germany).

Segment Analysis

End-Users Trends

Based on end-users, the market has been segmented into hospitals, clinics, cardiac cath labs, ambulatory surgical centers, diagnostic centers. The hospitals' segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the presence of established healthcare infrastructure

Regional Insights

Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the high demand for advanced information systems and the presence of key market players such as GE Healthcare (US) and Epic Systems Corporation (US). The market in Asia-Pacific is expected to be driven by rising cases of cardiovascular disease.

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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