Cardiology Information System (CIS) Market: Global Opportunity Analysis and industry Forecast, 2020-2027
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A07072
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cardiology Information System
Request Now !Cardiology information system or CIS is a collection of clinical information using various software. This information is collected digitally on the software. It helps the end users in taking various decisions and to help in advancement of science and sharing of information in the field of cardiology. The demand of cardiovascular information system has grown in the market in the current years due to its reliability, the information it provides, and the images stored in the reports. The information is stored in such a way that it is ensures effective and easier delivery of patients’ reports.
The global cardiology information system has been divided into various segments based upon the effectiveness of the technology and the demand for the reports. These segments mainly include the components, the region, application and the provider entity.
Market scope and structure analysis:
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        Report Metric |
                          Details |
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 Market size available for years |
 2019–2027 |
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 Base year considered |
 2019 |
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 Forecast period |
 2020–2027 |
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 Forecast units |
 Value (USD) |
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 Segments covered |
 Component, Type, End User and Region |
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 Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
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 Companies covered |
Major players analyzed include GE Healthcare, Fujifilm Medical Systems, Lumedx, McKesson Corporation, Philips Healthcare, Esasote, Simens Healthineers AG, CREALIFE Medical Technology, Cerner Corporation, and Merge Healthcare, Inc. |
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COVID-19 scenario analysis:
To take care of the infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the cardiology information system (CIS) market.
Owing to such factors, COVID 19 is expected to have a significant impact on cardiology information system market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
It has been observed that there has been a rise in the cardiovascular diseases such as cardiac failure, ischemic heart diseases, strokes, and arrhythmias, which are helping increase the usage of cardiology information system and the awareness about cardiovascular diseases. Government is also coming up with new policies such as Electronic Health Record (EHR), which are helping to boost the market for cardiovascular information market. The government and healthcare facilities are becoming more aware about the pros and cons of the application and importance of cannula and its application over cardiovascular patients. In addition to this, increase in the number of hospitals is constantly increasing the demand. Other factors like compatibility of the software, wide range of access to medical history of patients including data, and the workload shift for the IT team of hospitals and other end users are helping the market of cardiology Information to grow at a considerable rate.
On the other hand, high investment cost and need for high technological requirements with knowledge about the systems are the reasons the global cardiovascular information system market growth is hampered.
Along with this, companies also have to deal with strict regulatory obedience, which is affecting the growth negatively.
New product launches to flourish the market:
Fujifilm has recently expanded the information system provider business on September 30, 2019 by signing an acquisition with Yokogawa Medical Solutions.
LUMEDX has announced a new comprehensive cardiovascular information system on September 18, 2019 at Major Academic Medical Centre. This project was started in 2014 and was completed in three phases under the name of Duke-LUMEDX.
Surge in usage in hospital applications:
The hospitals account for the largest end-user for cardiology information system. CIS solutions are adopted by large hospitals. There has also been a considerable amount of rise in the number of hospitals, which is also increasing the demand for the cardiology information market.
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Key benefits of the report:
- This study presents the analytical depiction of the global cardiology information system industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Cardiology Information System market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Cardiology Information System market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global cardiology information system market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Cardiology Information System Market research report:
- Who are the leading market players active in the Cardiology Information System market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the Cardiology Information System market?
- What are the projections for the future that would help in taking further strategic steps?
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