Cardiovascular Information System (CVIS) Market Strategy and Opportunities
The cardiovascular information system (CVIS) is a web-based collection of clinical information and research material software architecture that facilitates decision support, information exchange and scientific advancement of the cardiovascular field. The aim of this CVIS is to endorse an advanced level of evidence-based professional standards in cardiac rehabilitation. CVIS is a data driven patient informatics integrated hemodynamic system that can store all the information related to cardiovascular disease patient. All the information is stored in CVIS for efficient recording and reporting patient information. In addition, the business operations such as making bill and business analytics which are conservatively managed by separate computer system and can also be managed and stored by venture CVIS. Moreover, CVIS is also be able to provide dynamic reporting such as informatics, images and measurements that are structured in a template-type design for effectiveness and reliable delivery of patient reports. With the implementation of CVIS cardiologists and supporting staff have seen significant reduction in report delivery time.
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The global market for CVIS can be segmented as follows:
By provider entity
- Vascular laboratory solutions
- Echocardiography laboratory solutions
- Catheterization laboratory solutions
- Electrocardiography (ECG) data management & solutions
- Other CVIS solutions
All the business information and procedure of the reports can be retained within the same CVIS and are extensively available for access despite of user’s location (within hospital setting or remote). Clinical benefit of CVIS is that it is a platform which is web based that can provide freedom of mobility for cardiologists and referring physicians, despite of their physical location. Moreover, CVIS is providing effective and extensive ultimate patient care.
The prevalence of various cardiovascular diseases such as ischemic heart disease, cardiac failure and arrhythmias is on the rise globally. For instance, Centre for Disease Control and Prevention (CDC) published in 2013 that heart disease is the leading cause of death for men in the United States. It has also stated that heart and heart related diseases are the second leading cause of death across the world. With the increase in heart diseases the global market for CVIS also increases significantly. Moreover, technological advancements in CVIS also fuel the global market for cardiovascular information system. However, high cost and technical complexity associated with CVIS might restrict the demand of the global CVIS market. Regulatory compliance associated with CVIS is also considered as a crucial factor that might restrict the global market demand of CVIS.
North America was observed to be the largest market due to extensive technological advancements and major market players are based in this region. Moreover, prevalence rate of cardiovascular diseases is high in North American region. Europe is the second largest market followed by Asia-Pacific and Rest of the World. Asia-Pacific is considered as an emerging market due to strong economic growth forecasted (healthcare infrastructure, healthcare facility and product expansion) in some Asian countries such as India, China, Japan and Malaysia.
Some of the market players contributing the global market share of CVIS market includes Philips Healthcare (A Subsidiary of Royal Philips Electronics), Mckesson Corporation, GE Healthcare (A Subsidiary of General Electric Company), Siemens Healthcare (Subsidiary of Siemens AG), Merge Healthcare, AGFA Healthcare, Cerner Corporation, Digisonics, Fujifilm Medical Systems and Lumedx.
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