The report "Cardiovascular Information System Market by System Type (CVIS, Cardiology PACS), Components (Software, Services), Mode of Operation (Web-based, Onsite), End User, Applications (Catheterization, ECG, Holter, ICD, Electrocardiography) - Forecasts to 2020"The global cardiovascular information systems market is expected to reach USD 917.2 Million by 2020 from USD 621.4 Million in 2015, at a CAGR 8.1%


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Rising incidence of cardiovascular diseases, growing rate of medication errors, increasing government initiatives towards EHR implementation, rise in healthcare costs, and high adoption of CVIS in hospitals are driving the market growth. On the other hand, lack of standard healthcare protocols towards successful implementation of CVIS solutions in many APAC countries are restraining the growth of this market during the forecast period. The report includes the driving and restraining factors of the market with detailed analyses of opportunities and challenges. The market has been segmented on the basis of the key regions North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The size of the markets in the key countries has also been covered and projected for each region.
The cardiovascular information systems market, based on system type, components, mode of operation, end-user, and applications. The market, based on application, is segmented Catheterization Lab CVIS solutions, Echocardiography Lab CVIS solutions, Electrophysiology Lab CVIS solutions, Nuclear Cardiology CVIS solutions, Cardiothoracic center CVIS solutions, ECG/ Holter monitoring CVIS solutions, Pacemaker / ICD Lab CVIS solutions, Heart Failure Centers CVIS solutions, Outpatient Clinics CVIS solutions, and other applications. .
On the basis of system type, the cardiovascular information system market is segmented into CVIS and CPACS. The CVIS segment is expected to account for the largest share of the global cardiovascular information system market in 2015. The CVIS segment is expected to reach USD 626.9 Million by 2020 from USD 420.4 Million in 2015, at a CAGR 8.3%. Increasing incidence of cardiovascular diseases is a major factor driving the market.
The cardiovascular information system market, by component, includes software, services, and hardware. The services segment is poised to be the fastest-growing segment during the forecast period, owing to the requirement of extensive training, maintenance, and upgradation services for the complex software introduction, integration, and interoperability of CVIS software.

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Geographically, the cardiovascular information system market was dominated by North America, followed by Europe. In 2015, North America is expected to account for the largest share of the market, while the market in Asia is expected to witness the highest growth rate.
The key players of the cardiovascular information system market are undertaking strategic decisions of new product developments, partnerships, collaborations, expansions, and investments to maintain their position in the market. They are involved in the research & development of various CVIS & CPACS modules to attain a majority market share. Major players in the cardiovascular information systems market include Philips Healthcare (Netherlands), McKesson Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Merge Healthcare (U.S.), Lumedx (U.S.), Agfa Healthcare (Belgium), Fujifilm Medical Systems (Japan), Digisonics (U.S.), and Cerner Corporation (U.S.).
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