Global Cardiovascular Information System (CVIS) Market Growth to be Propelled by Rise in the Funding Provided by the Government for Advancement of Technology by CAGR of ~8% During 2022 – 2031

 

Kenneth Research published a report titled “Cardiovascular Information System (CVIS) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global cardiovascular information system (CVIS) market  in terms of market segmentation by application, mode of operation, component and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global cardiovascular information system (CVIS) market is estimated to grow at a CAGR of ~8% over the forecast period, i.e., 2022-2031. The market is segmented by mode of operation into on-premise and cloud, out of which, the cloud segment is anticipated to hold the largest share by the end of 2031 in the market. This can be attributed to the high rate of awareness related to cloud among different sectors and the lower cost as compared to on- premise.

There has been a rise in the funding provided by the government for the advancement of technology in the medical profession. Advanced technology can reduce the rate of deaths through providing accurate information related to patients’ conditions for the treatment and is expected to drive the growth of the global cardiovascular information system (CVIS) market.


Geographically, the global cardiovascular information system (CVIS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the North America region to witness noteworthy growth owing to the high prevalence of cardiovascular disease and the presence of advanced healthcare centers.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increase in the Number of Patients Suffering from Cardiovascular Disease to Drive the Growth of the Market

According to the World Health Organization, deaths due to cardiovascular illnesses reported to be 17.9 million people globally in 2019, accounting for 32% of all fatalities. Furthermore, heart attacks and strokes accounted for 85 percent of the deaths.

There has been an increase in the number of patients suffering from cardiovascular disease globally. Furthermore, an appropriate system is required to keep the record of the data of patients for treatment. Therefore, it is anticipated to surge the growth of the global cardiovascular information system (CVIS) market.

However, keeping track of large amounts of patients’ data, lack of awareness related to the system and high cost of the system are expected to operate as key restraint to the growth of global cardiovascular information system (CVIS) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global cardiovascular information system (CVIS) market which includes company profiling of Koninklijke Philips N.V., Siemens Healthcare GmbH, FUJIFILM Corporation, Cerner Corporation., Agfa-Gevaert Group, McKesson Corporation, General Electric Company, DIGISONIC Co., Ltd., LUMEDX (Intelerad Medical Systems Incorporated), Merge Healthcare (IBM Corporation), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cardiovascular information system (CVIS) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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