In a recent published report, Kenneth Research has updated the market report for Cardiovascular Information System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cardiovascular Information System Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Cardiovascular operations today suffer from being an outcome of multiple systems, outdated technology and bulk of data. The providers of healthcare are looking forward to modernize their cardiovascular departments with the cardiovascular information system (CVIS). A CVIS solution allows organizations to get a modernized and optimized cardiovascular service line. CVIS is a data driven technology i.e. information of patient comes from integrated hemodynamic system, echo machines, electrocardiogram (ECG) carts along with third-party integrated monitoring systems all these are stored with the remaining measurements and nurse charting captured in the course of the procedure. All this information is kept in cardiovascular information system database as a patient record.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Cardiovascular information system market is proceeding towards its maturity level hence this seems to be bright opportunity for organizations to move strategically for of a new system. There are large numbers of vendors in the market providing good competition. Today, there are number of companies providing similar products well integrated for a great system performance.
It is expected that the global cardiovascular information systems market will see a growth of CAGR 9.07% between 2018 and 2028 approximately. The web-based segment is expected to see higher growth among the other segments of Cardiovascular information system
There are many factors which are driving the market such as the increasing cardio vascular diseases which in turn are increasing the market for cardiovascular information system; it also supports many cardiology specialty and sub specialty areas. Cardiovascular information system focuses on both operational as well as clinical excellence at the same time reduces the chances for medical error. Using the CVIS system, managers can track data to reduce cost and increase revenues of the organization. Although CVIS has a lot of factors which are driving the market there are also some restraints faced by this field such as the high cost of CVIS solutions is a major challenge and also the selection of the vendors add to the list of challenges.
The market is dominated by North America, Europe following the list. Asia pacific region is also growing with a good pace.
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“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Companies Mentioned:
1 Philips healthcare
2 Mckesson corporation
3 GE healthcare
4 Siements healthcare
5 Merge healthcare
6 AGFA healthcare
7 Lumedx
8 Digisonics
9 Fujifilm Medical systems
10 Cerner corporation
11 Medstreaming
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
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WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
- Key Topic Covered in this Report
- Market Growth Opportunities
- Leading Market Players
- Market Size and Growth Rate
- Market Growth Drivers
- Company Market Share
- Market Trends and Technological Innovations
- Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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