Cardiovascular Information System (CVIS) Market Worth $211.3 Million by 2018 - New Report by MicroMarket Monitor
(PRWEB) June 07, 2014 -- The overall cardiovascular information system (CVIS) market is expected to grow at a CAGR of 7.9% to reach $211.3 million in 2018, from $144.1 million in 2013. The market is witnessing a number of technological advancements, due to various government initiatives. The extensive usage of the cardiovascular information systems (CVIS) by emergency healthcare service providers, hospitals, nurses, and office-based physicians, for smooth and efficient workflow, is another factor for the growth of this market.
Browse through the market data tables, figures and detailed ToC on the “Cardiovascular Information System (CVIS) Market”.
Related Reports
North American Cardiovascular Information System (CVIS) Market
North America is the largest market for cardiovascular information systems (CVIS), and is expected to grow at a CAGR of 8.3% to reach $126.5 million in 2018, from $84.9 million in 2013. The demand for CVIS is driven by the increasing requirement to streamline the workflow in cardiac departments, increasing healthcare costs, and increase in the aging population in the North American region. Furthermore, the growing need to integrate healthcare systems, high returns on investment, and government funding are other reasons for high rate of adoption of the CVIS systems. However, interoperability issues, reluctance of cardiologists to implement these solutions, and the high cost of installation of CVIS solutions may hinder the growth of the North American market.
Europe Cardiovascular Information System (CVIS) Market
Europe is the second largest market for cardiovascular information systems (CVIS), and is expected to grow at a CAGR of 7.4% to reach $48.0 million in 2018, from $33.6 million in 2013. The demand for CVIS is expected to grow as a result of the initiatives taken by the European governments, to reconstruct HCIT system to cut overall healthcare cost, thereby ensuring safety of patients. However, the effects of the Eurozone debt crisis may hinder the growth of this market.
Asia Cardiovascular Information System (CVIS) Market
Asia is expected to be the fastest-growing segment in the cardiovascular information system (CVIS) market, and is expected to grow at a CAGR of 8.3% to reach $26.9 million in 2018, from $18.0 million in 2013. The CVIS market is expanding as a result of the investments made by the governments, and growth in medical tourism. Tight competition among private healthcare providers and hospitals, to improve care and safety of patients, is facilitating innovation and research in the CVIS market. However, interoperability issues, reluctance of cardiologists to implement these solutions, and the high cost of installation of CVIS solutions may hinder the growth of Asian market.
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