Global cardiology information system (CIS) market is expected to surpass $60 million by 2025 at a CAGR of 9.1%. The market was valued at $37 million in 2019.
Cardiology Information System (CIS) Market
The global cardiology information system (CIS) market valuation was nearly 225 (USD Million) in 2018 and is estimated at 428 (USD Million) by 2025 at a CAGR of nearly 9.59% over 2019-2025. The report offers estimation and analysis of the cardiology information system (CIS) market on a global as well as regional level. The study provides an in-depth assessment of the market competition, limitations, sales estimates, revenue forecasts, opportunities, current & emerging business trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Cardiology is the key branch of medicine related to heart disorders. Furthermore, the growing economic volatility and ongoing trade conflicts & disputes occurring between China and the U.S., the deep impact is likely to be felt on the cardiology information system industry over the forthcoming years.
Key Growth Dynamics
The rise in the number of hospitalized patients detected with heart disorders like stroke and coronary heart ailments will embellish the growth of cardiology information system (CIS) industry over the forthcoming years. Furthermore, a prominent surge in government initiatives & escalating need for identifying the functioning of the heart to prevent medication errors is anticipated to prompt the need for electronic health record systems. This, in turn, will steer the expansion of the cardiology information system (CIS) market over the forecast period.
As per the American Heart Association study published in 2019, heart ailments such as heart stroke, coronary heart ailment, and high blood pressure were ranked as the key death causes across the U.S.
Software Segment To Contribute Majorly Towards Overall Market Share By 2025
The growth of the segment over the forecast period is owing to growing healthcare awareness, improved interoperability, and remote data access. Apart from this, a huge need for integrating CVIS with ECG Carts, CPACS, electronic medical records, and other cardiology units.
North America To Dominate Overall Market Growth During 2019-2025
The growth of the regional market during the forecast timeline is owing to the high frequency of heart ailments indications such as atrial fibrillation, CAD, and strokes. As per the study made by the American Heart Association, in 2018, about 92 million persons in the U.S. had suffered as a result of heart disorders that required better treatment. Such cases are likely to define the growth of the cardiology information system (CIS) market over the forthcoming years.
Key players profiled in the cardiology information system (CIS) industry include Philips Healthcare Informatics, Inc., McKesson Corporation, Data Networks Inc., Siemens Healthineers AG, Esaote SpA, FUJIFILM medical systems USA Inc., INFINITT Healthcare Co. Ltd., Cerner Corporation, Digisonics Inc., and Merge Healthcare Inc.
The global cardiology information system (CIS) market is segmented as follows:
By End User