Global Cardiovascular Information System Market worth Reach USD 1.2 Billion By 2024
Added: (Thu Mar 28 2019)
Pressbox (Press Release) -
The global Cardio Vascular Information System market is expected to reach USD 1.20 Billion by 2024, at a CAGR of 10.2% during forecast period. In the market segmentation by system type, the Cardio Vascular Information System (CVIS) section is projected to grow at the best CAGR from 2018 to 2024, as a result of the increasing incidence and prevalence of cardiovascular diseases.
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Cardio Vascular Information System deals with the victims suffering from cardiovascular disease (CVD). CVD comprise diseases and disorders related to heart and blood vessels. Several drugs are available and are under development for treating cardiovascular diseases based on various indications, such as arrhythmia, atherosclerosis, myocardial infarction etc. The main purpose of CVIS is to take care of adequate blood circulation, distribution of nutrients to tissues and the delivery of metabolic wastes to excretory/urinary organs. The endocrine and immune systems conjointly use the blood circulation as conduits for immune cells, hormones, cytokines and different chemical messengers that work at distant sites within the body. It is estimated that 90% of CVD is preventable by taking care of health (exercise, limiting alcohol intake and avoidance of tobacco smoke).
CVIS Segment holds the highest CAGR followed by Service Segment, Web-based Segment and Hospitals Segment
Cardio vascular information systems (CVIS) have undergone a change over the past few years to satisfy demands for better interoperability, U.S. healthcare reform needs, and also the dynamical healthcare IT landscape and infrastructure. In the current market, most of the CVIS vendors are driving their solutions to yield single purpose of access with an integrated or a single platform comprised of multiple software system modules. The major factors such as better interoperability, remote access to images and data and to reduce IT burden in hospitals are driving the market to the largest share in service and web-based segments.
North America will be the foremost leading region in CVIS market.
The global cardio vascular information system market growth is gigantic in North America followed by Europe, Asia and other regions. The dominance of this (North America) region was mainly attributed due to the high adoption of advanced surgical treatments and the rise in awareness of some commercial products. Asia Pacific is anticipated to witness the fastest growth during the forecast period and Japan is expected to steer the overall Asia Pacific market, followed by China. China is estimated to possess the largest geriatric population in the world with the highest obesity rates as a result of inactive lifestyles and unhealthy dietary habits. In addition, the booming medical business in this region (APAC) is predicted to fuel the demand for cardiovascular systems.
The chief players of cardio vascular information system are Cook Medical, Inc.; Terumo Cardiovascular Systems Corporation; Cardinal Health, Inc.; B. Braun Melsungen AG; Abbott Laboratories, Inc.; and St. Jude Medical, Inc.