As per the report titled ‘Global Cardiovascular Information System Market Size study, by Type (CVIS, CPACS), by Mode of Operation (Web-based, On-site and cloud-based) and Regional Forecasts 2020-2027’, available with Market Study Report, global cardiovascular information system market, worth USD 848 million in 2019, is projected to expand at 8.1% CAGR during 2020-2027 and reach a valuation of USD 1581 million by the end of the forecast period.
 

Rising burden of cardiovascular diseases (CVDs) is the primary growth driver of global cardiovascular information. In fact, CVDs are the leading cause death worldwide, claiming the lives of around 17.9 million individuals each year, as cited by the World Health Organization (WHO). Also, the American Heart Association cites that number of CVD-related deaths is expected to grow to almost 23.6 million by the year 2030, indicating a stronger demand for cardiovascular information system (CVIS) in the coming years.  
 

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Besides, growing focus on enhancing medical operation while simultaneously reducing medication error, and increasing R&D by healthcare organizations towards advancing cardiac stroke management technologies are accelerating global cardiovascular information system market expansion.
 

Elaborating on the subject, cardiovascular information system (CVIS) is a digital platform of research material software architecture that enables easy report generation and distribution, and offers timely access to electronic medical records (EMR) in images, waveforms, and reports. These systems are implemented in electrocardiography (ECG) data management, echocardiography, catheterization, and vascular solutions. CVIS helps cardiologists make precise therapeutic decision on-time while sustaining higher degree of patient care at reduced costs.
 

Speaking of the factors hindering global cardiovascular information system market expansion, technical complexities and high technology cost will negatively impact the business dynamics during the forecast period.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the key contributors to global cardiovascular information system industry remuneration. Industry experts cite that Europe currently leads the industry growth owing to early adoption of advanced systems for disease treatment, high concentration of industry vendors, and presence of a well-established healthcare infrastructure in the region.
 

Meanwhile, Asia-Pacific industry is slated to exhibit a robust growth rate during 2020-2027, creditable to high prevalence of CVDs, and improving healthcare facilities in emerging economies like India and China.
 

With respect to the competitive landscape, top players in global cardiovascular information system market sphere are Digisonics, Inc., Lumedx Corp., Fujifilm Holdings Corp., Cerner Corp., Agfa HealthCare N.V., Merge Healthcare, Inc., Siemens Healthineers AG, McKesson Corp., GE Healthcare, and Koninklijke Philips N.V.