(PRWEB) May 12, 2014
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.
Browse 76 market data tables, 9 figures spread through 173 pages and in-depth TOC on “Cardiovascular Information System Market”:
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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.
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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 the need 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.
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On-premise, web-based, and cloud-based are the three modes of deployment for CVIS solutions. The cloud-based CVIS solutions market showcases a lucrative growth potential and represents the new revenue pocket in this market. Currently, several players are investing in cloud-based CVIS solutions, owing to their cost-effectiveness and ability to meet the disaster recovery requirements of healthcare providers.The adoption of this model is expected to increase as companies have begun to focus on the introduction of cloud-based CVIS solutions in the market.
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 the market in 2013. The large share of the North American region can be attributed to factors such as the growing 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.).
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