By 2018, the global cardiovascular information system market is expected to be valued at $232.9 million, growing at a compound annual growth rate of 7.8 percent, according to a Markets and Markets news release.
The market was valued at approximately $160 million in 2013. The echocardiolab lab CVIS solution accounted for the majority of the market share in 2013 and is expected to undergo the largest growth, according to the news release.
The growth of the CVIS market is partly attributed to efforts to reduce mortality rates from cardiovascular diseases, efforts to streamline workflow across cardiovascular departments and the push to overcome "data silos," according to the news release.
Prominent players in the CVIS market include McKesson Corp., Philips Healthcare, Siemens Healthcare, Agfa HealthCare and GE Healthcare.
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