Market Overview:
The Cardiology Information System Market size is estimated to reach $3.7 Billion by 2030, growing at a CAGR of 7.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “ Cardiology Information System Market - By System Type (Integrated Systems, Standalone Systems, Cardiology Information System, Cardiology picture archiving and communication system (CPACS)), By Component (Software, Hardware and Services), By Mode of Operation (Web-based and On-premise), By Application (Catheterization Lab, Electrocardiogram (ECG) Data Management, Echocardiography Lab, Nuclear Cardiology, Electrophysiology Lab, Cardiothoracic Center, ECG / Holter Monitoring, Pacemaker/ ICD Lab, Heart failure Center, Outpatient Clinic and Others), By End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers and Others), By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”.
The rise in cardiovascular diseases and advancements in cardiovascular devices are boosting the need for cardiology information systems, Growth in the need for efficient management of cardiology-related data and rise in obesity cases which are leading to heart related diseases are fueling the growth of the Cardiology Information Systems industry during the forecast period.
North America Dominated the Market in 2023:
North America accounted for the largest share of 7.8% of the Cardiology Information System Market in 2023. North America has a growing population, which is at a higher risk of developing cardiovascular diseases such as heart attack, stroke, and heart failure. For instance, according to Centers for Disease Control and Prevention (CDC), In the United States heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups. One person dies every 33 seconds from cardiovascular disease. Every year, about 8,05,000 people in the United States have a heart attack. Of these, 605,000 are a first heart attack, and 200,000 happen to be people who have already had a heart attack. About 1 in 5 heart attacks are silent - the damage is done, but the person is not aware of it. The United States has made substantial advancements in cardiology treatments, which, in turn, have fueled the growth of the cardiology information system (CIS) market in this region.
Cardiology Information System Market: Key Takeaways
Governments Initiatives to adopt digital health technologies:
Governments initiatives to adopt digital health technologies are propelling the demand of cardiology information systems (CIS). For instance, The Global Initiative on Digital Health (GIDH) is a WHO Managed Network of organizations, institutions and government technical agencies actively engaged in supporting national digital health transformation. GIDH aims to focus country-level efforts and align resources toward country-led digital health transformation through strengthened collaboration and knowledge exchange. Such initiatives worldwide are fueling the demand of cardiology information systems globally.
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Rise in Cardiovascular Diseases and Technological Advancements:
Rise in cardiovascular diseases and Technological advancements are fueling the expansion of cardiology information system market. As the global population with cardiac problems is increasing, and older adults are more susceptible to cardiovascular diseases the need for cardiology information systems for maintaining their data is increasing globally. The use of advanced Cardiology Information System for patient data management and analysis has become increasingly prevalent in cardiac treatments like stent implantation and angioplasty, which have been made possible by advancements in technology.
Scope of the Report:
Recent Developments:
- In September 2024, Edwards Lifesciences announced acquisition of JenaValve Technology, a leader in transcatheter treatments for aortic regurgitation (AR). This strategic investment focuses on advancing patient care in structural heart disease and supporting long-term growth.
- In June 2024, Philips introduced its Cardiac Workstation in Europe, the Middle East, and Africa to enhance cardiac care and accelerate clinical decision-making. The platform leverages advanced algorithms to remotely or on-site access, analyze, and manage ECG data, aiming to streamline diagnostic cardiology processes. Its key features include gesture-driven interactions, allowing clinicians to review ECGs as easily as on a smartphone.
- In August 2024, GE HealthCare announced the CE marks of its Vscan Air™ SL, a wireless handheld ultrasound system integrated with Caption AI™, an artificial intelligence-driven software for rapid cardiac assessments at the point of care. Additionally, the company introduced ECG-less cardiac CT scanning on its Revolution Apex™ platform, allowing clinicians to capture cardiac images without relying on electrocardiogram (ECG) signals. These innovations aim to enhance cardiac imaging accuracy and streamline workflows in clinical settings.
Cardiology Information System Market: Competitive Landscape
Key companies profiled in the Cardiology Information System Market are GE Healthcare, Philips Healthcare, Siemens Healthineers AG, AGFA-Gevaert, Fujifilm Medical Systems, McKesson Corporation and Others.
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