Cardiology Information System Market Size, Share, and Trends 2024 to 2034

Cardiology Information System Market Size to Surpass USD 3.26 Bn by 2034

The global cardiology information system market size was USD 1.24 billion in 2023, calculated at USD 1.35 billion in 2024 and is expected to reach around USD 3.26 billion by 2034. The market is expanding at a solid CAGR of 9.20% over the forecast period 2024 to 2034. The North America cardiology information system market size reached USD 410 million in 2023. The rising demand for an efficient software platform for the management of cardiovascular diseases management platform is driving the growth of the market.

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Cardiology Information System Market Key Takeaways

• North America dominated the cardiology information system market with the largest revenue share of 33% in 2023.
• Asia Pacific is expected to expand at a CAGR of 10.24% during the forecast period.
• By mode of operation, the web-based segment has recorded more than 75% of revenue share in 2023.
• By system type, the cardiovascular information system (CVIS) segment accounted for the largest share of the market in 2023.
• By component, the software segment held the dominant share of the market in 2023.
• By applications, the echocardiography segment dominated the market in 2023.
• By end-use, the hospital segment dominated the cardiology information system market in 2023.

U.S. Cardiology Information System Market Size and Growth 2024 to 2034

The U.S. cardiology information system market size was exhibited at USD 310 million in 2023 and is projected to be worth around USD 820 million by 2034, poised to grow at a CAGR of 9.24% from 2024 to 2034.

North America dominated the market with the largest cardiology information system market share in 2023. The growth of the market is attributed to the rising cases of cardiovascular diseases in the elderly population due to the aging factors and weaker immune systems that drive the number of cases in the region. The rising number of cases results in large clinical databases, patient health history, and other data that drive the demand for the software platform to streamline the management of data that drives the adoption of the cardiology information system in the region. Additionally, the rising healthcare infrastructure and the higher integration of technologies in healthcare facilities are further fueling the growth of the market in the region.

• Instances: according to the American Heart Association prediction, there are about 61% of the total US adults will suffer from cardiovascular disease by 2050.
• America has had the highest mortality rate due to heart disease for decades, with more than 800,000 deaths per year.
• As per the prediction, there will be 22% of the US population will be aged above 65 years, which will be the biggest reason behind the rising number of cardiovascular diseases in the United States.
• The 45 million people will suffer from some cardiac disease, including high blood pressure, or will have a stroke in 2050. The overall increase in cardiovascular disease patients will be the number of patients with stroke that increase from 3.9% to 6.4%. The stroke number will also be doubled from 10 million to 20 million adults from 2020-2050.

Asia Pacific is expected to grow at the fastest rate during the forecast period. The growth of the market is owing to the rising population and the increasing demand for healthcare facilities due to the rising penetration of several diseases in the population. The increasing rate of cardiovascular diseases among the population due to the changing lifestyle preferences that drive the number of cases and rise in the clinical data drives the demand for the data management software platform that drives the growth of the cardiology information system market in the region.

• Instances: cardiovascular disease is the leading cause of death in the region, with over 25% of premature deaths being caused by cardiovascular disease. Stroke and heart attacks are the most common causes of death due to cardiovascular disease.

Market Overview

The cardiology information system is the software that is specially designed for efficiently storing, managing, and analyzing the rising number of clinical data of patients with cardiovascular diseases. It is used in the storage and analysis of clinical data for treating, diagnosing, and managing diseases. It is a specialized software program that is customized for cardiac surgeons, cardiologists, and other medical professionals who are associated with heart-related conditions. The cardiology information system helps in maintaining and managing the operation workflow and patient care by combining several aspects of cardiology. It automates tasks like reporting and scheduling and helps reduce the paperwork. The rising cases of cardiovascular disease globally are driving the growth of the cardiology information system market.

Cardiology Information System Market Growth Factors

• The rapid expansion in the population, especially in the geriatric population, which is more likely to suffer from any type of cardiovascular disease, creates a large database in the global cardiovascular disease industry, driving the demand for an efficient automated system for data management and driving the growth of the cardiology information system market.
• The rising number of cardiovascular cases in the elderly as well as in the young population due to the shift in lifestyle preferences, adoption of the sedentary lifestyle, and increased consumption of junk food, smoking, and alcohol that drives the number of cases and creates the large database that is further contributing in the growth of the market.
• The rise in technological integration in the healthcare industry, which is improving service efficiency and managing clinical, disease, and patient data, is further driving the adoption of the cardiology information system market.
• The government's increasing investment in healthcare facility development and the integration of advanced technologies like AI, machine learning, IoT, and others in different healthcare settings are fueling the market's growth.
• The rising advancement in technologies and the rise in telemedicine, remote monitoring for providing healthcare services in remote areas that drive the expansion in the clinical databases, data retrieval, and management of patient history is further driving the growth of the cardiology information system market.

Cardiology Information System Market Scope

Market Dynamics

Driver

Increasing adoption of cardiology information systems by hospitals

There has been a rise in the adoption of the cardiology information system by several cardiologists and cardiac practices to improve and streamline the workflow that drives the growth of the market. The rising implementation of CIS solutions in hospitals and various healthcare organizations automates and streamlines the workflow of the cardiology departments. It helps in scheduling, communication, and billing. The CIS helps in corporate patient care by enabling actions and communication between cardiologists.

The CIS solution automatically provides insights to the radiologist for reviewing the medical images, notifies nursing staff of the right time for transferring the patients to the recovery area, and allows cardiologists to make any required changes in the patient’s conditions. Thus, the higher adoption of the cardiology information system by healthcare institutes and professionals drives the growth of the cardiology information system market.

Restraint

High cost

The increased cost of the installation and the services associated with the cardiology information system due to the higher integration of modern technologies into the solution and the high cost of the treatment for heart-related diseases that restraints the growth of the cardiology information system market.

Opportunity

Integration of artificial intelligence and advanced analytics

The rising advancement and integration of modern technologies like advanced analytics and artificial intelligence into the cardiology information system helps in allowing risk stratification, predictive analytics, and decision-making. AI-powered CIS solutions help physicians make informed decisions in patient treatment by using predictive analytics to improve patient outcomes and minimize the burden on healthcare professionals. Additionally, other advancements in healthcare, such as remote monitoring, mobile applications, cloud-based solutions, and others, are further contributing to the growth opportunity for the cardiology information system market.

Mode of Operation Insights

The web-based segment dominated the cardiology information system market with the largest share in 2023. The growth of the segment is owing to the rising implementation of web-based operations for cardiology treatment due to its beneficial properties that make them suitable for enabling services in any condition.

The web-based operation works remotely from any remote location with the penetration of the internet. Web-based CIS can be accessible by a good connection to the internet by any remote electronic device like laptops, computers, smartphones, tablets, and others. Web-based CIS minimized the requirement of the on-premise setup in healthcare settings. It is the most affordable type of operation that minimizes the overall cost of the operations.

System Insights

The cardiovascular information system (CVIS) segment accounted for the largest share of the cardiology information system market in 2023. The increasing number of cardiovascular diseases in the elderly population and the rising adoption of several treatment and diagnostic procedures that create a vast amount of clinical data of the patient causes a higher demand for efficient software systems for the management of the database, which drives the demand for the cardiovascular information system.

The CVIC enables image management properties that allow retrieval, storage, viewing, and further analysis of several cardiovascular diseases. The cardiovascular information system is used by several cardiologists to streamline the treatment process of patients and allow them to review medical reports and images for better decision-making regarding patient health.

Component Insights

The software segment held the dominant share of the cardiology information system market in 2023. The rising adoption of the cardiology information system by the cardiologist and the wide range of cardiology departments, hospitals, clinics, and others for managing and streamlining operations. Cardiology information systems are customized with various templates, workflow, and formats for matching cardiology preferences and practices.

The cardiology information system helps in managing the operational workflow and enhances patient care. This software helps improve cardiology practices, such as maintaining patient data management, diagnostic and reporting, clinical decision support, workflow management, integration with other health information systems, and quality improvement.

Application Insights

The echocardiography segment dominated the cardiology information system market with the largest share in 2023. Echocardiography is one of the diagnostic procedures in which the machine uses sound waves to capture the image of the heart and identify the blood flow through the heart and heart valves. Echocardiography is commonly known as the heart ultrasound or heart sonogram. Echocardiography labs are highly using the cardiology information system for storing, retrieving, and managing 2D, 3D, and Doppler images.

End-Use Insights

The hospital segment dominated the cardiology information system market in 2023. The growth of the segment is attributed to the rising adaptation of hospitals and other healthcare institutes for the diagnosis and treatment of any type of disease and the increasing preference for the adoption of hospitals by patients with heart-related issues.

The rising cases of cardiovascular disease among the population due to the changing lifestyle is driving the number of databases of the patient’s history, and other health-related data is driving the growth of the cardiology information system market in the hospital sector. Hospitals utilize several imaging procedures, such as cardiac Magnetic Resonance Imaging (MRI), echocardiography, nuclear imaging, and CT angiography. All these procedures create a large amount of patient data that drives the demand for cardiology information systems for the management of clinical data and drives the growth of the market.

Cardiology Information System Market Companies

• Cisco System Inc.
• FUJIFILM Holdings Corporation
• GE HealthCare Technologies Inc.
• Honeywell International Inc.
• Intelerad Medical Systems Incorporated
• Koninklijke Philips N.V.
• Lumedx Healthcare Technologies Pvt. Ltd.
• McKesson Corporation
• Oracle Corporation
• Siemens Healthineers AG

Recent Developments

• In April 2024, Karoo Health, the single operational provider of cardiac value-based care (VBC) with published results, launched Kohere.ai, a cloud-based platform for healthcare providers working under the cardiology department. The platform augments the organization’s proven model of care (MoC).
• In August 2023, Siemens introduced Acuson Origin1 at the annual meeting of the European Society of Cardiology (ESC). The Acuson Origin1 is a dedicated cardiovascular ultrasound system with strong artificial intelligence (AI) features.
• In January 2023, Canon Medical Systems USA, a subordinate company of Canon Medical Systems Corp., announced the strategic collaboration with Sclmage, a leading healthcare technology firm based in California, to increase the company’s presence in the cardiovascular market.

Segments Covered in the Report

By Mode of Operation

• Web-based
• Cloud-based
• On-site

By System

• Cardiovascular Information Systems (CVIS)
• Cardiology Picture Archiving and Communication Systems (CPACS)

By Component

• Software
• Hardware
• Services

By Application

• Electrophysiology Lab CVIS Solutions
• Echocardiography Lab CVIS Solutions
• Nuclear Cardiology Lab CVIS Solutions
• Catheterization Lab CVIS Solutions
• Cardiothoracic Lab CVIS Solutions
• Pacemaker/ICD Lab CVIS Solutions
• Heart Failure Center Lab CVIS Solutions
• Outpatient Clinics CVIS Solutions
• ECG Studies/Holter Monitoring Solutions
• Other Applications

By End-Use

• Hospitals
  • Large Hospitals
  • Medium-sized Hospitals
  • Small Hospitals
• Diagnostics Centers
• Ambulatory Surgical Centers
• Other End-Use

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa