The global cardiovascular information system market is expected to reach USD 917.2 Million by 2020 from USD 621.4 Million in 2015, at a CAGR of 8.1%. On the basis of type, the cardiovascular information systems market is segmented into CVIS and C-PACS. The CVIS segment is projected to grow at the highest CAGR from 2015 to 2020, owing to the increasing incidence and prevalence of cardiovascular diseases.
Cardiology Information System Market is Anticipated to Grow at a CAGR of 8.9% from 2020 to 2024
Growth in this market is driven by the rising incidence of cardiovascular disease in China, government initiatives for HCIT development, and the increasing number of hospitals in China. Moreover, the use of cloud-based solutions is expected to provide growth opportunities for players in the China cardiology information system market during the forecast period. On the other hand, integration and interoperability issues pose major challenges for solution vendors in this market. Key players in the China cardiology information system market include Philips Healthcare (Netherlands), CREALIFE Medical Technology (China), Central Data Network (Australia), Infinitt Healthcare (South Korea), and Esaote (Italy).
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The China cardiology information system market is projected to reach USD 54 million by 2024 from USD 35 million in 2019, at a CAGR of 8.9%.
Integrated systems accounted for the largest share of the China cardiology information system market in 2018
On the basis of system, the China cardiology information system market is segmented into integrated and standalone systems. In 2018, integrated systems accounted for the largest share of the China cardiology market. The large share of this segment can be attributed to the increasing adoption of these systems by healthcare providers and the increasing incidence & prevalence of cardiovascular diseases.
By component, the software segment accounted for the largest market share in 2018
On the basis of component, the China cardiology information system market is segmented into software, hardware, and service. The software segment accounted for the largest market share in 2018. This is attributed to the rising number of hospitals and the consequent increase in the demand for CVIS and CPACS, among other technologies.
L3A Hospitals are the largest end users in the China cardiology information system market
Based on end user, the China cardiology information system market is segmented into L3A, L3B, and L2 hospitals. The L3A hospitals segment accounted for the largest market share in 2018. The increasing number of L3A hospitals and the rising incidence of cardiovascular diseases in China are the major market drivers for this segment.
The key players in the China cardiology information system market are Philips Healthcare (Netherlands), CREALIFE Medical Technology (China), Central Data Network (Australia), Infinitt Healthcare (South Korea), and Esaote (Italy).
CREALIFE Medical Technology (China) dominated the China cardiology information technology market. The company is engaged in the R&D and supply of medical image process technology and Internet solutions. It provides high-grade analysis of medical images and advanced international specialized solutions.
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