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The global cardiovascular information system market was valued at USD 1.2 billion in 2023, driven by the rising prevalence of cardiovascular diseases across the globe. The market is expected to grow at a CAGR of 9.00% during the forecast period of 2024-2032, with the values likely to rise from USD 1.3 billion in 2024 to USD 2.6 billion by 2032.
Cardiovascular information system (CVIS) is a digitalized software which collects and stores clinical information in the form of electronic medical records. CVIS aids in the analysis of cardiovascular data, like diagnosis and treatment across healthcare settings. Factors that impact the market dynamics include the growing adoption of cloud-based solutions, increased patient awareness, and improvements in the regulatory landscape which enables the innovative advancements in the area, is likely to augment the market size.
Rising Integration of the System to Improve Patient Outcomes
In September 2023, GE Healthcare announced the setup of cardiovascular information system in Queensland (Australia). The company partnered with eHealth Queensland to deploy its Centricity Cardio Enterprise solution and 20 echocardiography facilities across 11 state hospitals. The establishment of the system enables the healthcare professionals to manage over 25,000 diagnostic and interventional procedures along with 124,000 imaging studies. Such advancements are expected to boost the market share of cardiovascular information system across the globe.
Increasing Strategic Mergers and Collaborations to Meet the Global Cardiovascular Information System Market Demand
In January 2021, Hillrom acquired Bardy Diagnostics, Inc., valued at USD 375 million. The acquisition provided Hillrom with differentiated diagnostic cardiology platform and aligned with the company’s broader objectives, intended to solidify its position in the cardiology sector and to improve its patient monitoring technology offerings.
In February 2019, GE Healthcare announced a collaboration with Preventice Solutions to improve remote monitoring of cardiac arrhythmias. The collaboration aimed to integrate data from Preventice's wearable technology into GE Healthcare's Cardiovascular Information System, enhancing advanced remote monitoring technology.
| Key Trend | Impact |
| Increasing Prevalence of Cardiovascular Diseases | Cardiovascular diseases are on rise due to the changes in lifestyle as sedentary living, poor eating habits along with high level of stress, another reason for the disease is the aging population globally. Health issues associated with age includes cardiovascular conditions such as heart attacks, hypertension, which are on rise. On the other hand, older adults are more prone to chronic heart conditions. This in turn give rise to managing vast amount of data as diagnostics images, patient history, and monitoring data. CVIS supports in managing large datasets effectively, streamlining various clinical and administrative processes contributing to enhanced efficiency. |
| Incorporation of Artificial Intelligence (AI) in CVIS | Integrating AI assists in enhanced diagnostics accuracy by analysing imaging data as angiograms and detect subtle patterns. The use of AI in the prediction of patient outcome based on age, genetics, medical history and lifestyle factors helps clinicians in customizing treatments. CVIS also provides real-time insights during decision-making process. |
| Advancements in Cloud Computing | The adoption of cloud-based solutions is propelled by the benefits it offers. It can meet the growing scalability of the clinics and hospitals by accommodating more data. This type of system works on subscription model, thereby reducing the costs of purchasing and maintaining hardware. This is useful where budget constraints are large. |
| Expansion into Emerging Markets | As the economies in the developing countries grow, private and government sectors are increasing their investments in the healthcare infrastructure. This includes spending on clinics, hospitals, health technology, giving rise to the adoption of systems like cardiovascular information systems. |
Market Breakup by System Type
Market Breakup by Application
Market Breakup by Component
Market Breakup by Operations
Market Breakup by End User
Market Breakup by Region
System Type Segment to Witness Substantial Growth
The market segmentation by system type includes CVIS and CPACS. CVIS is designed to manage cardiovascular data, whereas CPACS concentrates on cardiac imaging data, both of which are crucial for improving workflow efficiency and the quality of patient care. The market is composed for substantial growth as healthcare professionals continue to adopt these systems to streamline operations and improve patient outcomes.
Electrocardiogram and Electrophysiology are Projected for Growth in the Application Segment
Based on application, the market is segmented by applications such as catheterization, echocardiography, electrocardiogram, electrophysiology, Holter monitoring, and others. The driving factor for this segment is the increase in prevalence of cardiovascular diseases, technological advancements in diagnostics. Electrocardiogram and electrophysiology are poised for growth attributed to their function in treatment and diagnosis of complex cardiac disorders.
The market report offers insights on major regional markets including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to the market due to enhanced healthcare infrastructure and spendings in healthcare domain. The presence of various healthcare organizations and prominent academic institutions boost the market value, as they undergo multiple collaborations to devise better solutions.
The Asia Pacific region is expected to experience notable growth in the forecast period, which is driven by awareness about healthcare and the expanding facilities in medical science. Emerging economies such as India, South Korea and Taiwan are witnessing an increased influx of foreign capital as major companies are setting their offices in the region to leverage affordable resources and expertise.
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by System Type |
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| Breakup by Application |
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| Breakup by Component |
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| Breakup by Operations |
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| Breakup by End User |
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| Breakup by Region |
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| Supplier Landscape |
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Cardiovascular Information System Market Size
Cardiovascular Information System Market Growth
Cardiovascular Information System Market Trends
Cardiovascular Information System Market Share
Cardiovascular Information System Regional Analysis
Cardiovascular Information System Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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