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New Revenue Pockets for the Cardiovascular Information Systems (CVIS) Market
CVIS primarily provides imaging or analytical data handling software for the cardiology department. Across the globe, the adoption of CVIS solutions is increasing, due to factors such as the requirement to reduce the mortality rate due to cardiovascular diseases, necessity to streamline the cardiac care workflow in healthcare organizations, and overcome the issues with data silos in cardiac departments. Key market players are focusing on providing complete CVIS solutions at an affordable cost. With this view, companies are focusing on partnerships, collaborations, new product launches, and acquisitions, to increase their share in the market.
On-premise, web-based, and cloud-based are the three modes of deployment for CVIS solutions. The cloud-based CVIS solutions market showcases a lucrative growth potential and represents the new revenue pocket in this market. Currently, several players are investing in cloud-based CVIS solutions, owing to their cost-effectiveness and ability to meet the disaster recovery requirements of healthcare providers.The adoption of this modelis expected to increaseas companies have begun to focus on theintroduction of cloud-based CVIS solutions in the market.
Growth in the CVIS market is likely to be centered at China, Singapore, India, Australia, and New Zealand. Healthcare organizations in the Asia-Pacific are actively moving towards digitization, to ensure patient safety and care, and streamline the entire workflow system in large healthcare enterprises. Government support for the adoption of healthcare IT solutions in this region is the key driver for the CVIS market. For instance, the Japanese government has taken various initiatives for growth of the healthcare IT market (subsequently developing the CVIS market). Initiatives such as ‘eJapan policy’, ‘New IT reform strategy,’ and ‘i-Japan Strategy 2015’ have encouraged the growth of CVIS market in Japan.
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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