Cardiovascular Information System (CVIS) Market worth $232.9 Million by 2018

Wednesday 30 April 2014, Amsterdam

The “Cardiovascular Information System/CVIS Market by Applications (Catheterization Lab, Vascular Lab, Echocardiography, Electrocardiography, Electrophysiology), Delivery Mode, End Users (Small, Medium and Large Hospitals) & Components - Forecasts to 2018” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the CVIS market along with the estimates and forecasts of the revenue and share analysis.

The global CVIS market was valued at an estimated $160.0 Million in 2013 and is expected to reach $232.9 Million by 2018, growing at a CAGR of 7.8% from2013 and 2018.

The report segments this market based on application areas, provider entity capacity, components, delivery modes, and geography. Among various application areas, the echocardiography lab CVIS solution commanded the largest share in 2013 and is forecasted to be the fastest-growing segment in the CVIS market.Factors such as theneed to curb the mortality rate due to cardiovascular diseases, necessity to streamline workflow across the cardiac care department, need to reduce healthcare cost, and the increasing requirement to overcome the issue with ‘data silos’ have increased the demand for CVIS.

Based on geography, the global CVIS market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America accounted for the largest share of themarket in 2013. The large share of the North American regioncan be attributed to factors such as thegrowing need to control the rising healthcare costs and increasing government support in the form of funding for healthcare IT solutions, including CVIS solutions.

The prominent players in the CVIS market include McKesson Corporation (U.S.), Philips Healthcare (Netherland), Siemens Healthcare (Germany), Lumedx (U.S.), Agfa Healthcare (Belgium), GE Healthcare (U.K.), Fujifilm (Japan), Merge Healthcare (U.S.), Digisonics (U.S.), and Cerner Corporation (U.S.).