Cardiovascular Information System Market is Estimated to Witness High Growth Owing to Technological Advancements in AI and Cloud-based Systems
The cardiovascular information system (CVIS) market is primarily driven by the increasing incidence of cardiovascular diseases worldwide. CVIS offers advantages such as reduced medical errors, enhanced workflow efficiency, improved diagnostic information, and streamlined administrative operations. The growing need for computerized cardiovascular databases and electronic medical records promotes the adoption of CVIS.
Global Cardiovascular Information System Market is estimated to be valued at US$ 1.51 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the cardiovascular information system market are GE Healthcare, Philips Healthcare, Siemens Healthineers, McKesson Corporation, Agfa Healthcare, Fujifilm Holdings Corporation, Merge Healthcare, Lumedx, Cerner Corporation, Digisonics, Inc., Carestream Health, Shimadzu Corporation, Epic Systems Corporation, ScImage, Inc., Medis Medical Imaging Systems BV, HeartIT (Heart Imaging Technologies), Infinitt Healthcare Co, Ltd., and Change Healthcare.
The key opportunities in the Cardiovascular Information System Market Trends include growth in healthcare IT spending across developing countries and rising need for effective data management. Technological advancements such as integration of AI capabilities and development of cloud-based CVIS solutions are expected to boost the market growth during the forecast period.
Market Drivers
The growing geriatric population worldwide and the subsequent rise in the prevalence of cardiovascular diseases is a key driver for the cardiovascular information system market. According to the World Health Organization (WHO), cardiovascular diseases are estimated to remain the leading cause of deaths globally, taking an estimated 17.9 million lives each year. rising healthcare expenditure on the development of advanced cardiology infrastructure also promotes the adoption of CVIS. Integration of CVIS solutions with other medical systems and patient health records improves clinical workflows and productivity.
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