Cardiology Information System (CIS) Market | Professional Analysis, Opportunities, Strategies And Growth Forecast To 2024
Seeking Alpha Analyst Since 2014
#Healthcare Consultant focusing on #TeleHealth #TeleMedicine #PatientPortals #CVIS #HCIT #MedicalRobots #Vaccines #MedicalDevices #WirelessHealth #Biotechnology
Summary
- Growth in Cardiology Information System (CIS) Market .
- What the Market Looks Like?
- What Drives the Market?
Growth in this market is mainly driven by the increasing incidence and prevalence of cardiovascular disease, government initiatives in China, and the increasing number of hospitals.
What the Market Looks Like?
- The China cardiology information system market is projected to reach $54 million by 2024 from $35 million in 2019, at a CAGR of 8.9% during the forecast period.
Cardiology Information System (CIS) Market by System (Standalone, Integrated System, Cardiology Information System, Cardiology PACS), Component (Software, Services, Hardware), & End User (L3A Hospital, L3B and L2 Hospital) – China Forecast to 2024
The software segment accounted for the largest share of the China cardiology information system market in 2018
By component, the market is segmented into software, services, and hardware. The software segment accounted for the largest market share in 2018. The large share of this segment can be attributed to the growing need to integrate CVIS with C-PACS, EMRs, and other cardiology modules.
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What Drives the Market?
- Rising Incidence and Prevalence of Cardiovascular Disease in China
- Increasing Number of Hospitals in China
- Favorable Government Initiatives
The integrated systems segment is expected to grow at the highest CAGR during the forecast period
Based on system, the market is segmented into integrated and standalone systems. The integrated systems segment is projected to witness the highest growth during the forecast period. The increasing adoption of integrated systems by healthcare providers is the major factor supporting the growth of this segment.
Based on end user, the market is segmented into L3A hospitals and L3B & L2 Hospitals. The L3A hospitals segment accounted for the largest share of the market in 2018. The increasing number of L3A hospitals in China and growing disease prevalence are responsible for the large share of this market segment.
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