Cardiovascular Information System/CVIS Market by Applications (Catheterization Lab, Vascular Lab, Echocardiography, Electrocardiography, Electrophysiology), Delivery Mode, End Users (Small, Medium and Large Hospitals) & Components – Forecasts to 2018

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Date: 2-Apr-2014
No. of pages: 162
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CVIS is used to manage a large amount of imaging and analytical data generated from cardiology departments. CVIS provides solutions for problems arising from data silos created in various cardiology modalities, owing to the proprietary format in which images were stored in multi-vendor PACS. With a CVIS in place, acquisition, management, and storage of images and reporting becomes easier, and image sharing and communication amongst these modalities becomes streamlined.

The major factors driving the growth of the CVIS market include the need to control the mortality rate due to cardiovascular diseases, the necessity to streamline the workflow across the cardiac care continuum, and the need to reduce healthcare costs and overcome the issues with ‘data silos’. However, higher emphasis on adoption of Electronic Health Record (EHR), reluctance of healthcare providers to implement CVIS solutions, and higher capital investment for CVIS implementation, are the factors that are restraining the growth of this market to a certain extent.

The report segments the CVIS market based on application areas, provider entity capacity, components, delivery modes, and geography. Various application areas of the CVIS market include catheterization lab CVIS solutions, echocardiography lab CVIS solutions, Electrocardiology (ECG) data management CVIS solutions, vascular lab CVIS solutions, and other CVIS solutions such as hemodynamic, electrophysiology, cardiac CT/MRI, and nuclear cardiology. The echocardiography lab CVIS solution is the fastest-growing segment in the CVIS market. The high growth of this segment can be attributed to the growing volume of echocardiography procedures performed.  For instance, according to the American Journal of Heart, in the Veterans Administration Healthcare System (U.S.), the number of echocardiograms increased by 112.2% from 2000 to 2007. CVIS can be deployed as on premise, web-hosted, or cloud-based model. At present, several players are investing in cloud-based CVIS solutions, as these solutions are cost-effective and meet the disaster recovery requirements of healthcare providers.

Countries such as China, Australia, Japan, and Brazil are expected to serve as new revenue pockets for the CVIS market. Healthcare reforms, government initiatives, growing awareness regarding healthcare IT solutions such as CVIS, and increasing investments are the factors that are resulting in an increase in the adoption of CVIS solutions in these regions.

A top-down approach was used to calculate the market size and growth rates of the global CVIS market and its sub-segments. Secondary research was performed to identify overall revenues, geographic reach, and product portfolios of market players. Primary interviews with key opinion leaders were used to determine the percentage shares of each sub-segment and the relative differences in the growth rates.

The report provides insights on key market players, market size, market growth rates, and market drivers for the CVIS market. Furthermore, the report includes the company profiles of market leaders. The profiles include financial performance, product portfolios, and market developments for each company. The report also provides a competitive landscape of these market leaders and identifies the key growth strategies in this market.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help the firms in garnering a greater market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the CVIS market.
  • Product Development/Innovation: Detailed insights on research and development activities and new product launches in the CVIS market
  • Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the CVIS market by application area, delivery mode, component, and geography
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the CVIS market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products and services, and SWOT analysis of leading players in the CVIS market

Cardiovascular Information System/CVIS Market by Applications (Catheterization Lab, Vascular Lab, Echocardiography, Electrocardiography, Electrophysiology), Delivery Mode, End Users (Small, Medium and Large Hospitals) & Components – Forecasts to 2018

Table Of Contents

1 Introduction
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Market Scope
1.6 Research Methodology
1.6.1 Market Size Estimation
1.6.2 Market Crackdown & Data Triangulation
1.6.3 Market Share
1.6.4 Key Data Points From Primary Sources
1.6.5 Key Data Points From Secondary Sources
1.7 Assumptions

2 Executive Summary

3 Market Overview
3.1 Introduction
3.2 Market Segmentation
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Need to Curb The Mortality Due to Cardiovascular Diseases and Necessity to Streamline Workflow in Cardiac Care Department  Are Propelling The Market Growth
3.3.1.2 Implementation of CVIS Enables Healthcare Providers to Reduce The Healthcare Cost
3.3.1.3 CVIS Enables Cardiologists to Overcome The Issue With ‘Data Silos’
3.3.2 Restraints
3.3.2.1 Emphasis on Adoption of Electronic Health Record (EHR)
3.3.2.2 Healthcare Providers Are Reluctant to Implement CVIS Solution
3.3.2.3 High Cost of The CVIS Solutions
3.3.3 Opportunities
3.3.3.1 Emerging Markets offers Huge Potential For Healthcare Providers
3.3.3.2 Cloud-Based Solutions Represent High-Growth Opportunities
3.3.4 Challenges
3.3.4.1 Integration and Interoperability Challenges
3.4 Market Share Analysis

4 By Application Area
4.1 Inroduction
4.2 Echocardiography Laboratory CVIS Solutions
4.3 Catheterization Laboratory CVIS Solutions
4.4 Vascular Laboratory CVIS Solutions
4.5 Electrocardiography (Ecg) Data Management CVIS Solutions
4.6 Other CVIS Solutions

5 By Provider Entity Capacity
5.1 Introduction
5.2 Small Hospitals (0-200 Beds)
5.3 Medium Hospitals (201 – 500 Beds)
5.4 Large Hospitals (500+ Beds)

6 By Components
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services

7 By Delivery Mode
7.1 Introduction
7.2 Web-Hosted CVIS Solutions
7.2.1 Web-Hosted Delivery Mode Eliminates Buyers Responsibility
7.3 On Premise CVIS Solutions
7.3.1 On Premise Solution offers Complete Control Over Data
7.4 Cloud-Based CVIS Solutions

8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 Rising Healthcare Costs Is The Major Driver For CVIS Market
8.2.2 Growing Rate of Medication Errors Drive CVIS Market
8.2.3 The Hitech Act offers Incentives For Implementation of CVIS Solutions
8.2.4 Canada Health Infoway (Chi) offers Fundings For The CVIS Solutions
8.3 Europe
8.3.1 Focus on Emr and EHR Adoption Drives This Market
8.3.2 Initiatives Taken By European Government Are Expected to Drive CVIS Market in Future
8.4 Asia-Pacific
8.4.1 Government Support in Apac Region Will Drive Growth of CVIS Matket
8.4.2 Growing Medical tourism in Asean Countries Will Drive CVIS Market
8.4.3 Lack of Standard Healthcare Protocols Are Likely to Hinder Growth of CVIS Market
8.5 Rest of The World (ROW)

9 Competitive Landscape
9.1 Introduction
9.2 Agreements, Collaborations, Partnerships and Joint Venture
9.3 New Product Launch
9.4 Expansion
9.5 Acquisitions

10 Company Profiles
10.1 Agfa Healthcare
10.1.1 Overview
10.1.2 Financials
10.1.3 Products and Services
10.1.4 Strategy
10.1.5 Developments
10.2 Cerner Corporation
10.2.1 Overview
10.2.2 Financials
10.2.3 Products and Services
10.2.4 Strategy
10.2.5 Developements
10.3 Digisonics
10.3.1 Overview
10.3.2 Financials
10.3.3 Products and Services
10.3.4 Strategy
10.3.5 Developements
10.4 Fujifilm Medical Systems
10.4.1 Overview
10.4.2 Financials
10.4.3 Products
10.4.4 Strategy
10.4.5 Devlopments
10.5 Lumedx
10.5.1 Overview
10.5.2 Financials
10.5.3 Products
10.5.4 Strategy
10.6 Ge Healthcare
10.6.1 Overview
10.6.2 Financials
10.6.3 Products and Services
10.6.4 Strategy
10.6.5 Devlopments
10.6.5.1 SWOT
10.6.5.2 MNM View
10.7 Mckesson Corporation
10.7.1 Overview
10.7.2 Financials
10.7.3 Products and Services
10.7.4 Strategy
10.7.5 Developments
10.7.5.1 SWOT
10.7.5.2 MNM View
10.8 Merge Healthcare
10.8.1 Overview
10.8.2 Financials
10.8.3 Products and Services
10.8.4 Strategy
10.8.5 Developments
10.8.5.1 SWOT
10.8.5.2 MNM View
10.9 Philips Healthcare (A Subsidiary of Royal Philips Electronics)
10.9.1 Overview
10.9.2 Financials
10.9.3 Products and Services
10.9.4 Strategy
10.9.5 Developments
10.9.5.1 SWOT
10.9.5.2 MNM View
10.10 Siemens Healthcare (Subsidiary of Siemens AG)
10.10.1 Overview
10.10.2 Financials
10.10.3 Products and Services
10.10.4 Strategy
10.10.5 Developments
10.10.5.1 SWOT
10.10.5.2 MNM View

List of Tables

Table 1 Market Share Analysis, By Ranking (2013)
Table 2 Global Market, By Application Area, 2013-2018 ($Million)
Table 3 Cardiovascular Information System Application Area Market, Geography, 2013-2018 ($Million)
Table 4 North America: CVIS Application Area Market, 2013-2018 ($Million)
Table 5 Echocardiography Lab CVIS Solutions Market, By Geography, 2013-2018 ($Million)
Table 6 North America: Echocardiography Lab CVIS Solutions Market, 2013-2018 ($Million)
Table 7 Catheterization Lab CVIS Solutions Market, Geography, 2013-2018 ($Million)
Table 8 North America: Catheterization Lab CVIS Solutions Market, 2013-2018 ($Million)
Table 9 Vascular Lab CVIS Solutions Market, By Geography, 2013-2018 ($Million)
Table 10 North America: Vascular Lab CVIS Solutions Market, 2013-2018 ($Million)
Table 11 Ecg Data Management CVIS Solutions Market, By Geography, 2013-2018 ($Million)
Table 12 North America: Ecg Data Management CVIS Solutions Market, 2013-2018 ($Million)
Table 13 Other Cardiovascular Information System Solutions Market, By Geography, 2013-2018 ($Million)
Table 14 North America: Other CVIS Solutions Market, 2013-2018 ($Million)
Table 15 Global Cardiovascular Information System Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 16 Global Market By Provider Entity Capacity, 2013-2018 (No. of Units Installed)
Table 17 CVIS: Provider Entity Capacity, By Geography, 2013-2018 ($Million)
Table 18 North America: CVIS Provider Entity Capacity Market, 2013-2018 ($Million)
Table 19 CVIS : Small Hospitals Market, By Geography, 2013-2018 ($Million)
Table 20 North America: Small Hospitals Market, 2013-2018 ($Million)
Table 21 Global CVIS Small Hospital Market By Provider Entity Capacity, 2013-2018 (No. of Units Installed)
Table 22 CVIS: Medium Hospitals Market, By Geography, 2013-2018 ($Million)
Table 23 North America: CVIS: Medium Hospitals Market, 2013-2018 ($Million)
Table 24 Global CVIS Medium Hospital Market By Provider Entity Capacity, 2013-2018 (No. of Units Installed)
Table 25 CVIS: Large Hospitals  Market, By Geography, 2013-2018 ($Million)
Table 26 North America: Large Hospitals Market, 2013-2018 ($Million)
Table 27 Global CVIS Large Hospital Market, By Provider Entity Capacity, 2013-2018 (No. of Units Installed)
Table 28 Global Cardiovascular Information System Market, By Components, 2013-2018 ($Million)
Table 29 CVIS Components Market, By Geography, 2013-2018 ($Million)
Table 30 North America: CVIS Components Market, 2013-2018 ($Million)
Table 31 CVIS Hardware Market, By Geography, 2013-2018 ($Million)
Table 32 North America: CVIS Hardware Market, 2013-2018 ($Million)
Table 33 CVIS Software Market, By Geography, 2013-2018, ($Million)
Table 34 CVIS Services Market, By Geography, 2013-2018, ($Million)
Table 35 North America: CVIS Services Market, 2013-2018 ($Million)
Table 36 Global Cardiovascular Information System Market, By Delivery Mode, 2013-2018 ($Million)
Table 37 Delivery Mode Market,  By Geography, 2013-2018 ($Million)
Table 38 North America: CVIS Delivery Mode Market, 2013-2018 ($Million)
Table 39 Web-Hosted CVIS Market, By Geography,  2013-2018 ($Million)
Table 40 North America: Web-Based CVIS Market, 2013-2018 ($Million)
Table 41 On Premise CVIS Market, By Geography, 2013-2018 ($Million)
Table 42 North America: On Premise CVIS  Market, 2013-2018 ($Million)
Table 43 Cloud-Based CVIS Market, By Geography, 2013-2018 ($Million)
Table 44 North America: Cloud-Based CVIS Market, 2013-2018 ($Million)
Table 45 Cardiovascular Information System Market, By Geography, 2013 – 2018 ($Million)
Table 46 North America: Cardiovascular Information System Market By Country, 2011-2018 ($Million)
Table 47 North America: Market, By Application Area, 2013-2018 ($Million)
Table 48 North America: Market, By Components, 2013-2018 ($Million)
Table 49 North America: Market, By Delivery Mode, 2013-2018 ($Million)
Table 50 North America: Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 51 U.S.: Cardiovascular Information System Market, By Application Area, 2013-2018 ($Million)
Table 52 U.S.: Market, By Components, 2013-2018 ($Million)
Table 53 U.S.: Market, By Delivery Mode, 2013-2018 ($Million)
Table 54 U.S.: Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 55 Canada: Cardiovascular Information System Market, By Application Area, 2013-2018 ($Million)
Table 56 Canada: Market, By Components, 2013-2018 ($Million)
Table 57 Canada: Market, By Delivery Mode, 2013-2018 ($Million)
Table 58 Canada: Cardiovascular Information System Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 59 Europe: Market, By Application Area, 2013-2018 ($Million)
Table 60 Europe: Market, By Components, 2013-2018 ($Million)
Table 61 Europe: Market, By Delivery Mode, 2013-2018 ($Million)
Table 62 Europe: Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 63 Asia Pacific: Cardiovascular Information System Market, By Application Area, 2013-2018 ($Million)
Table 64 Asia Pacific: Market, By Components, 2013-2018 ($Million)
Table 65 Asia Pacific: Market, By Delivery Mode, 2013-2018 ($Million)
Table 66 Asia Pacific: Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 67 ROW: Cardiovascular Information System Market, By Application Area, 2013-2018 ($Million)
Table 68 ROW: Market, By Components, 2013-2018 ($Million)
Table 69 ROW: Market, By Delivery Mode, 2013-2018 ($Million)
Table 70 ROW: Market, By Provider Entity Capacity, 2013-2018 ($Million)
Table 71 Agreements, Collaborations, Partnerships and Joint Venture, 2011-2013
Table 72 New Product Launch, 2011-2013
Table 73 Expansions, 2011-2013
Table 74 Acquisitions, 2011-2013
Table 75 List of Installation, 2011-2013

List of Figures

Figure 1 Forecast Model
Figure 2 Market Size Estimation Methodology
Figure 3 Market Crackdown and Data Triangulation Methodolohy
Figure 4 Global CVIS Market, By Application Area, 2013-2018 ($ Million)
Figure 5 Cardiovascular Information System Market, By Geography, 2013-2018
Figure 6 Market Segmentation
Figure 7 North America: CVIS Software Market, 2013-2018 ($Million)
Figure 8 Cardiovascular Information System Market, By Geography, 2013
Figure 9 Key Growth Strategies, 2011-2013

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