Key Competitors - Cardiovascular Information System Industry

Jul, 2023 - by CMI

Key Competitors - Cardiovascular Information System Industry

Cardiovascular information system (CVIS) is a system that makes it easy to put together and send out reports and gives on-demand access to pictures, reports, and waveforms from cardiovascular electronic medical records (EMR). CVIS is used for catheterization, echocardiography, handling of electrocardiography (ECG) data, and vascular solutions. Since more people are developing cardiovascular illnesses (CVDs), the market for cardiovascular information systems is expected to expand over the next years. The increasing use of structured reporting is projected to aid in the market's expansion. All cardiac procedures and modalities have some sort of organized reporting in the majority of CVIS systems.

The global market for Cardiovascular Information Systems is anticipated to expand at a CAGR of 7.6% over the following several years.

Leading Companies in the Cardiovascular Information System Industry:

1. McKesson Corporation

McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. It was founded in 1833 and headquartered in Texas, United States. It has international offices in Australia, Ireland, France, the Netherlands, and the United Kingdom. McKesson Corporation announced in September 2022 that it had signed a preliminary agreement to extend its partnership with CVS Health to distribute pharmaceuticals to mail-order and specialty pharmacies, retail pharmacies, and distribution centers through June 2027.

2. GE Healthcare

GE Healthcare is an American multinational medical technology company, was founded in1994 and headquartered in Illinois, U.S. It operates in more than 100 countries. In Mar 2023, the American College of Cardiology (ACC) and the World Heart Federation hosted the ACC.23/WCC conference and GE HealthCare showcased its most recent technologies and innovations for use during the crucial planning and intervention steps in the cardiology care pathway. The highlighted technologies and partnerships allow for a streamlined cardiology care pathway with integrated solutions that may shorten the interval between diagnosis and treatment, leverage data and artificial intelligence (AI) to offer useful insights, and ultimately contribute to health improvement.

3. Koninklijke Philips N.V.

Koninklijke Phillips N.V. is Dutch multinational conglomerate corporation, was founded in 1891 and headquartered in Amsterdam, Netherlands. It operates across 100 countries. In May 2023, at EuroPCR 2023, Philips exhibited its most recent portfolio of cardiology innovations that provide clinical confidence and efficiency in treating cardiac disease.

4. Siemens Healthineers

Siemens Healthineers  is a German medical device company, was founded in 2017 and headquartered in Erlangen, Germany. It operates in 190 countries. In Jan 2023, Terumo India and Siemens Healthineers India are collaborating in the areas of physician training and development, access to advanced medical technologies, and Tier 2 and Tier 3 city penetration to enhance cardiac care in India. The collaboration will launch its efforts with the development of a customized training program for Cathlab professionals in collaboration with a prestigious academic institution in India.

5. IBM (Merge Healthcare)

IBM (Merge Healthcare) was founded in 1987 and headquartered in Illinois, United States. It operates in over 170 countries.

6. Fujifilm Holdings Corporation

Fujifilm Holdings Corporation is a Japanese multinational conglomerate, founded in and headquartered in Tokyo, Japan. It operates in over 180 countries.

7. Lumedx

Lumedx is the provider of clinical data management and analysis software for providers. It was founded in1990 and headquartered in .It operates in Oakland, United States of America. In Sept 2020, LuMedx makes cardiology information tools available to everyone.ASP offering links customers, providers, vendorsIn the business of cardiac information systems, LuMedx is trying to make a name for itself, formerly called Seattle Systems. Intelerad Medical tools, a company that makes enterprise imaging tools, bought Lumedx in February 2021.

8. Digisonics Inc

Digisonics Inc. was founded in 1974 and headquartered in Houston, Texas. It operates across the world. In July 2020, Digisonics takes action during COVID-19 to support healthcare needs.

9. Agfa Healthcare

Agfa Healthcare was founded in 1867 and headquartered in Mortsel, Belgium. It has its presence in 40 countries. Agfa HealthCare will show off its new cardiovascular products in April 2023. At the American College of Cardiology 2013 meeting, Agfa Healthcare showed off its fully redesigned cardiovascular information system (CVIS) with new features and changes to the way it works. The CV12 system has new ways to do echocardiography, nuclear perfusion imaging, cath lab reporting, and ECG control and reporting.

*Definition: A cardiology information system (CIS) also known as a cardiovascular information system, is a software-based clinical data collection system. This data is digitally input into the software. It assists end users in making various decisions.

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