Cardiology information system (CIS) is a single digitized platform of research material programming architecture and clinical information that encourages develop successful methods of improving proficiency in the cardiovascular study. The CIS empowers cardiologists to take an accurate therapeutic decision in less time while maintaining elevated levels of patient care and decreased costs of treatment. The CIS incorporates two significant systems known to as Cardiology Picture Archiving and Communication Systems (CPACS) and the Cardiovascular Information Systems (CVIS). CPACS mainly focus on storage and retrieval of cardiology-centric pictures while CVIS is more data-driven and applicable to the patient informatics originating from integrated hemodynamics system, echo machines, Electrocardiogram (ECG) carts. In cardiac rehabilitation, CVIS is planned at endorsing the advanced level of evidence-based professional standards. The demand for cardiovascular information systems has increased because of the dynamic reporting such as measurements, pictures, and informatics they provide. Such information is organized in a template-type way to ensure dependability and effectiveness in the delivery of patient reports. The “Global Cardiology Information System (CIS) Market” is accounted for $32.07 million in 2018 and is expected to reach $78.76 million by 2027 growing at a CAGR of 10.5% during the forecast period.
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Rising number of technological amendments burgeoning in the domain of healthcare IT sector, expand in the prevalence of cardiac disorders across the globe and advanced stroke-related mortality and rising research and development ventures to advance novel procedures in heart stroke administration will support the market to grow. Some of the challenges faced by the market is overcoming by the expulsion in the adoption of the rate of cloud-based technology which will helping the market to grow. The increasing rate of incidence of cardiovascular diseases such as cardiac failure, arrhythmias, and ischemic heart disease is the key driver of the global cardiovascular information system market. According to the Centers for Disease Control and Prevention (CDC), heart diseases are the main issues which caused to death among men in the U.S. in 2013.
The findings additionally expressed that heart diseases were the second leading cause of death worldwide in the same year. As there is probability for the incidence of heart ailments decrease at any point in the near future, the cardiovascular information system market is likely to observe steady increasing demand. Moreover, with technological advancements, there is opportunities for the market to rake higher profit in the next few years. Government initiatives towards the implementing of electronic health record (EHR) systems encouraging data analysis in healthcare setups are further driving the market growth. For instance, the government organization, National Health Portal (NHP) India in May 2017, presented an EHR system, which was introduced by the healthcare providers and hospitals. Besides, a specialist committee was also established to create EHR Standards and its implementation in the country.
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The web-based operations is likely to have the largest share of revenue in the overall cardiovascular information system market throughout the forecast period. The significant share in terms of revenue is because of various factors such as high rate of healthcare awareness, improved interoperability, remote access to data and images along with the relatively diminished time of treatment, decreased IT burden in the hospitals and cost are probably going to fuel the CIS market over the forecast period. The Cardiology information system (CIS) software observes the largest market share in the forecast period because of the increasing demand along with the consequent rise in the volume of hospitals requiring the integration of CVIS with CPACS, Electronic Medical Records (EMRs), ECG carts and other cardiology modules. On the other hand, the service is also likely to have high growth at the fastest rate during the forecast period attributable to the need of update with the available services to present the complex software and train healthcare experts fueling the global market revenue.
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North America is having the largest share of cardiology information system market. The market growth in this region is because of the presence of well-established healthcare infrastructure, predominance of cardiovascular diseases. According to the Center for Disease Control (CDC) in 2019, 1 individual in every 37 seconds die in the U.S. from cardiovascular disease and around 647,000 Americans expired from heart disease every year. Therefore, increasing incidence rate of cardiovascular issues is in this manner advancing the requirement for streamlining the cardiac care workflow system in this region. The dominance is North America region in the market is because of an increase in the global prevalence of cardiovascular indications like CAD, strokes, atrial fibrillation and higher adoption of technology in the region.
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