Dallas, TX -- (SBWIRE) -- 04/03/2014 -- RnRMarketResearch.com adds “Cardiovascular Information System/CVIS Market by Applications (Catheterization Lab, Vascular Lab, Echocardiography, Electrocardiography, Electrophysiology), Delivery Mode, End Users (Small, Medium and Large Hospitals) & Components – Forecasts to 2018“ report to its research database.
CVIS is used to manage a large amount of imaging and analytical data generated from cardiology departments. CVIS provides solutions for problems arising from data silos created in various cardiology modalities, owing to the proprietary format in which images were stored in multi-vendor PACS. With a CVIS in place, acquisition, management, and storage of images and reporting becomes easier, and image sharing and communication amongst these modalities becomes streamlined.
The major factors driving the growth of the CVIS market include the need to control the mortality rate due to cardiovascular diseases, the necessity to streamline the workflow across the cardiac care continuum, and the need to reduce healthcare costs and overcome the issues with ‘data silos’. However, higher emphasis on adoption of Electronic Health Record (EHR), reluctance of healthcare providers to implement CVIS solutions, and higher capital investment for CVIS implementation, are the factors that are restraining the growth of this market to a certain extent.
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The report segments the CVIS market based on application areas, provider entity capacity, components, delivery modes, and geography. Various application areas of the CVIS market include catheterization lab CVIS solutions, echocardiography lab CVIS solutions, Electrocardiology (ECG) data management CVIS solutions, vascular lab CVIS solutions, and other CVIS solutions such as hemodynamic, electrophysiology, cardiac CT/MRI, and nuclear cardiology. The echocardiography lab CVIS solution is the fastest-growing segment in the CVIS market. The high growth of this segment can be attributed to the growing volume of echocardiography procedures performed. For instance, according to the American Journal of Heart, in the Veterans Administration Healthcare System (U.S.), the number of echocardiograms increased by 112.2% from 2000 to 2007. CVIS can be deployed as on premise, web-hosted, or cloud-based model. At present, several players are investing in cloud-based CVIS solutions, as these solutions are cost-effective and meet the disaster recovery requirements of healthcare providers.
Countries such as China, Australia, Japan, and Brazil are expected to serve as new revenue pockets for the CVIS market. Healthcare reforms, government initiatives, growing awareness regarding healthcare IT solutions such as CVIS, and increasing investments are the factors that are resulting in an increase in the adoption of CVIS solutions in these regions.
A top-down approach was used to calculate the market size and growth rates of the global CVIS market and its sub-segments. Secondary research was performed to identify overall revenues, geographic reach, and product portfolios of market players. Primary interviews with key opinion leaders were used to determine the percentage shares of each sub-segment and the relative differences in the growth rates.
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The report provides insights on key market players, market size, market growth rates, and market drivers for the CVIS market. Furthermore, the report includes the company profiles of market leaders. The profiles include financial performance, product portfolios, and market developments for each company. The report also provides a competitive landscape of these market leaders and identifies the key growth strategies in this market.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help the firms in garnering a greater market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the CVIS market.
- Product Development/Innovation: Detailed insights on research and development activities and new product launches in the CVIS market
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the CVIS market by application area, delivery mode, component, and geography
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the CVIS market
- Competitive Assessment: In-depth assessment of market shares, strategies, products and services, and SWOT analysis of leading players in the CVIS market
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