North America is the largest market for cardiovascular information systems, globally. The North American market is mainly driven by the increasing pressure to reduce the rising healthcare costs. The cardiovascular information and imaging solution market in North America was valued at 85.0 million in 2013 and is expected to reach a value of $126.0 million by 2018, at a CAGR of 8.2% from 2013 to 2018.
According to an OECD study, the U.S. has the highest healthcare expenditure in the world. The healthcare system in the U.S. is under an increasing pressure to curtail the growing healthcare costs, a challenge which can paralyze the healthcare system if left unaddressed. This led to the lowering of healthcare reimbursements by the U.S. government, which in turn created a need to focus on operational excellence by use of sophisticated technologies and solutions such as cardiovascular information and imaging solutions (CVIS). The North American region commanded the largest share of the global CVIS market, mainly owing to strong government support and the extensive use of software, which results in reduction of medical errors and gives high return on investment.
This North American cardiovascular information and imaging solution market is segmented and forecast on the basis of types, components, deployments, applications, and end-users. This report also includes market share and value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, the report presents a competitive landscape and company profiles of the key players in the market.
The main models, by which CVIS is deployed in the market, include on-premise, Cloud-based, and Web-based. On the basis of end-users, the market has been segmented into hospitals, nurses, emergency healthcare providers, and office-based physicians, among others. On the basis of applications, the market is segmented as Catheterization Lab CVIS Solutions, Echocardiography Lab CVIS Solutions, ECG Data Management CVIS Solutions, and Vascular Lab CVIS Solutions, among others. The market is further segmented and forecast on the basis of the major countries in the region, such as the U.S. and Canada.
