What Has Been the Progress and Growth of the Cardiovascular Information System Market in Recent Years?
The cardiovascular information system market has seen considerable growth due to a variety of factors.
• The cardiovascular information system market has seen significant growth in recent years. It will grow from $1.16 billion in 2024 to $1.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.8%.
The growth is attributed to the integration of electronic health records (EHR), a need for workflow optimization, improved patient engagement, and the growing cardiovascular disease burden, along with the demand for data interoperability.
How Does the Forecast Look for the Cardiovascular Information System Market?
The cardiovascular information system market is expected to maintain its strong growth trajectory in upcoming years.
• The cardiovascular information system market is anticipated to grow to $1.82 billion by 2029, with a CAGR of 9.4%.
Growth is attributed to value-based care initiatives, AI and machine learning integration, cybersecurity, and the expansion of remote cardiac rehabilitation programs. Trends include cloud-based solutions, advanced analytics, telemedicine integration, AI automation, and enhanced cybersecurity measures.
What Are The Leading Drivers Of Growth In The Cardiovascular Information System Market?
The rise in cardiovascular disease cases is expected to drive the expansion of the cardiovascular information system market. Cardiovascular diseases (CVD) refer to conditions involving the narrowing or blockage of blood vessels, which can result in complications such as heart attacks, chest pain, or strokes. Risk factors like high blood pressure, cholesterol, smoking, obesity, diabetes, and a sedentary lifestyle are major contributors to this increase. Cardiovascular information systems help manage patient data, improve communication among healthcare providers, and support faster, more informed decision-making. For instance, in May 2024, the Singapore Heart Foundation reported 5,302 deaths from ischemic heart diseases, a slight increase from 2022's 5,290 deaths. Thus, the growing number of CVD patients is fueling the growth of the market.
How Are The Segments Defined Within The Global Cardiovascular Information System Market?
The cardiovascular information system market covered in this report is segmented –
1) By Components: Hardware, Software, Services
2) By Mode Of Operation: Web-Based, Cloud-Based, On-Site
3) By Application: Catheterization, Echocardiography, Electrocardiogram, Electrophysiology, Other Applications
4) By End User: Hospitals, Clinics, Cardiac Cath Labs, Ambulatory Surgical Centers, Diagnostic Centers
Subsegments:
1) By Hardware: Servers, Storage Devices, Network Equipment, Workstations
2) By Software: Cardiovascular Imaging Software, Electronic Health Record (EHR) Software, Cardiology Information System (CIS) Software, Data Management Software
3) By Services: Installation And Integration Services, Support And Maintenance Services, Training And Consulting Services
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How Are Emerging Trends Reshaping The Dynamics Of The Cardiovascular Information System Market?
Companies in the cardiovascular information system market are working on next-generation insertable monitors to improve patient outcomes. These monitors offer better diagnostic capabilities and enhanced patient comfort. For example, in October 2023, Boston Scientific Corporation launched the LUX-Dx II+ Insertable Cardiac Monitor. This monitor detects arrhythmias and allows remote programming and monitoring through a downloadable app, improving patient care and clinical decision-making.
Who Are the Key Players In The Cardiovascular Information System Market?
Major companies operating in the cardiovascular information system market are:
• McKesson Corporation
• IBM Corporation
• Medtronic Plc.
• Siemens AG
• Fujifilm Holding Corporation
• Koninklijke Philips N.V.
• GE HealthCare Technologies Inc.
• Boston Scientific Corporation
• Cerner Corporation
• Epic Systems Corporation
• Carestream Health Inc.
• Allscripts Healthcare LLC
• NextGen Healthcare LLC
• Esaote S.p.A.
• Intelerad Medical Systems Incorporated
• Merge Healthcare
• Canon Medical Systems Corporation
• CareCloud Corp.
• LivaNova Plc.
• Lumedx Corporation
• Digisonics Inc.
• Medigy LLC
• INFINITT Healthcare Co Ltd.
• CREALIFE Medical Technology Inc.
• Epic Systems Corporation
What Is The Most Dominant Region In The Cardiovascular Information System Market?
North America was the largest region in the cardiovascular information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
