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Key Players in the CVIS Market are Focusing on Agreements, Collaborations, and Partnerships to Strengthen Their Positions in the Market
The prominent players in the CVIS market arePhilips Healthcare (Netherland),McKesson Corporation (U.S.), Siemens Healthcare (Germany), Lumedx (U.S.), Agfa Healthcare (Belgium), GE Healthcare (U.K.), Fujifilm (Japan), Merge Healthcare (U.S.), Digisonics (U.S.), and Cerner Corporation (U.S.).
Philips Healthcare (Netherland) dominated the global CVIS market in 2013. Owing to its strong brand name, presence in high growth geographies, and a growing presence in emerging markets, Philips healthcare dominates the global CVIS market. The company offers CVIS solutions such as Xcelera, Xcelera CEV, and Xcelera Connect, which are used extensivelyby healthcare providers. The subsidiaries of the company include Philips Healthcare (Australia), Philips Healthcare (India), Philips France, Philips Argentina, Philips Medical Systems (Belgium), Philips Healthcare (Italy), Philips Healthcare South Africa, and Philips China.The company focuses on developing its capabilities in research and development, to launch innovative products in the market. Furthermore, the company has an added advantage of being in the CVIS market for a longer time, with its business operations in more than hundred countries. The company is witnessing asteady growth in terms of sales, with its highest share coming from North America, followed by Western Europe. The company is expected to sustain its leading position in the CVIS market, primarily due to its strong footprint in the global market.
CVISmarketpresents significant growth opportunities for market players. Most of the players in this market are aiming to either diversify their product portfolio or expand their geographic presence, to maintain their market share. The key players are focusing on offering complete CVIS solutions, which streamline the workflow across all cardiology modalities in a healthcare organization. During 2011 to 2014, agreements, collaborations, and partnerships were the key strategies followed by major players. This strategy was employed by players to gain immediate technological competency and widen their geographic presence. For instance, in December 2013, Digisonics (U.S.) partnered with Medis Medical Imaging Systems (Netherlands), to provide a cardiovascular MR image review, analysis, and structured reporting solution for pediatric and adult patients. The key players that adopted this strategy include McKesson Corporation (U.S.), Philips Healthcare (Netherland), Agfa Healthcare (Belgium), GE Healthcare (U.K.), Fujifilm (Japan), Merge Healthcare (U.S.), Digisonics (U.S.), and Cerner Corporation (U.S.).
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
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