The global cardiovascular information systems market is expected to grow at a CAGR of 9.5% during the forecast period of 2020 - 2030. The growing prevalence of cardiovascular disease (CVD) is expected to stimulate the growth of the global cardiovascular information systems market. In addition, increasing focus on structural reporting is expected to boost the market growth. Most CVIS solutions provide some kind of structural reporting for all cardiology / modality-related procedures. Providers with analytical tools and their ability to provide data mining remains as the key criteria to finalize the service providers.

Compared to CPAPS, CVIS is more data-driven, with the IT Integrated Hemodynamics System, Echo, ECG / ECG, and Integrated Third-Party Monitoring System stored in a single CVIS database for patient records and reporting. CVIS has the ability to provide dynamic reports such as images, computer science, measurements and more organized in a template-type format for efficient and consistent delivery of patient reports.

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Cardiovascular physicians need patient procedure data and imaging files that can be accessed on requirement and allows the physicians to report findings and quickly develop a treatment plan. Unfortunately, many CVIS applications possess drawbacks such as inconsistencies in current workflows, real operations and critical interfaces, and less user-friendly data entry and other issues. These problems explain why a reliable and robust CVIS is a must for any cardiovascular program. High cost of investment is one of the most significant deterrents that is impacting the market growth of CVIS.

As public health now seeks to expand reporting between hospitals / providers and public health and increase data management capacity, programs, state health information technology (HIT) coordinators, health information plans (HIE) and CMS coordinates need to be included. In addition, companies are expanding their CVIS with more functional utility than for just mere data integration functions. Web-based CVIS platforms are "zero footprint" systems as they do not require a hard drive to store the software.

Based on segmentation by type, the cardiovascular information systems market is segmented into CVIS and C-PACS markets. CVIS is expected to hold the highest CAGR during the forecast period of 2023-2030.  Increasing incidence and prevalence of cardiovascular disease remains as the key reason for the market growth.

Based on segmentation by end user, the market of cardiovascular information systems is segmented into hospitals and diagnostic centres. In 2021, hospitals held the largest revenue share. Significant acceptance of CVIS solutions among large hospitals is due to favourable budget allocations. Hospitals segment in the report are further segmented as L3A, L3B and L2 hospitals. L3A hospitals dominated this market segment. Increasing number of L3A hospitals in Asian countries such as China and India and the rising prevalence of the cardiology diseases remain as the key drivers.

In 2021, the North American region had a dominant market position in the global cardiovascular information system with a 41% share of revenues. As economically growing regions such as Latin America and Asia still lag behind developed countries, however, these regions have great potential for market growth and remain as the fastest growing regions.

The market is a very competitive market with many market participants and buyers. Market participants compete on the basis of price, product innovation and quality. The main players in the cardiovascular information systems market are Philips Healthcare (Netherlands), McKesson Corporation (FS), GE Healthcare (UK), Siemens Healthcare (Germany), Merge Healthcare (FS), Lumedx (FS), Agfa Healthcare (Belgium)), Fujifilm Medical Systems (Japan), Digisonics (FS) and Cerner Corporation (FS).

Key Market Trends

• The global cardiovascular information systems market is expected to grow at a CAGR of 9.5% during the forecast period of 2020 - 2030.
• CVIS is expected to hold the highest CAGR during the forecast period of 2023-2030. 
• In 2021, hospitals held the largest revenue share. Significant acceptance of CVIS solutions among large hospitals is due to favourable budget allocations.
• In 2021, the North American region had a dominant market position in the global cardiovascular information system with a 41% share of revenues.
• The market is a very competitive market with many market participants and buyers.
• The main players in the cardiovascular information systems market are Philips Healthcare (Netherlands), McKesson Corporation (FS), GE Healthcare (UK), Siemens Healthcare (Germany), Merge Healthcare (FS), Lumedx (FS), Agfa Healthcare (Belgium)), Fujifilm Medical Systems (Japan), Digisonics (FS) and Cerner Corporation (FS).

*Complete segmentation list is on report page