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Cardiology IT Workflow Solutions Market Propelled by Increasing Demand from Hospitals and Physicians

News   •   Feb 08, 2016 03:28 EST

A report from Transparency Market Research, titled “Cardiology IT Workflow Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”, states that the global cardiology IT workflow solutions market is expected to expand rapidly during the period from 2015 to 2023 due to the improvements in cardiology IT workflow solutions.

Cardiology IT workflow solutions are software products that enable the users to enhance the efficiency of cardiology procedures through improvements in workflow efficiency. Workflow efficiency is obtained by using reporting tools, data management, image management, billing and inventory management, advanced data analytics, and scheduling and integrating with the hospital networks. The demand for cardiology IT workflow solutions is expected to be the highest from physician practices and hospitals during the period between 2015 and 2023. The rising number of cardiology procedures is predicted to compensate for the capital investment that is made for the installation of these systems.

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The global cardiology IT workflow solutions market is segmented into four main segments, namely echocardiography lab IT workflow solutions, vascular lab IT workflow solutions, catheterization lab IT workflow solutions, and electrocardiography data management solutions. By type of facility, the catheterization lab IT workflow solutions segment is further sub-segmented into multi-facility, single facility, and tertiary facility catheterization lab IT workflow solutions. On the basis of end use, the market is classified into physician practices and hospital cardiology IT workflow solutions.

The high cost of cardiology IT workflow solution systems is expected to hamper the growth of the global cardiology IT workflow solutions market in the years to come. Small-scale physicians and hospitals are reconsidering the use of high-cost cardiology IT workflow systems. However, with the anticipation of reductions in the ownership cost and adoption of new technology, the global cardiology IT workflow solutions market is predicted to expand at a rapid pace in the coming few years.

The global cardiology IT workflow solutions market is highly competitive in nature. The presence of untapped market is expected to create growth opportunities for the global cardiology IT workflow solutions market in the years to come. Some of the leading players in the global cardiology IT workflow solutions market are Agfa Healthcare NV, Cardiac Science Corporation, Consensus Medical Systems, Inc., Emageon, Inc., GE Healthcare Ltd., McKesson Corporation, Siemens Healthcare, Vascular Vision, BioMedix, CernerCorporation, Digisonics, Inc., Fujifilm Medical Systems, LUMEDX Corporation, Philips Healthcare, and OptiMed Technologies. Mergers and acquisitions by the leading companies will help them maintain their dominant positions in the global cardiology IT workflow solutions market throughout the predicted period.

Based on geography, the global cardiology IT workflow solutions market is divided into Europe, North America, Asia Pacific, and Rest of the World. The increasing number of cardiology IT workflow solutions used across various medical departments and centers is predicted to contribute to the growth of the global cardiology IT workflow solutions market in the coming few years. Factors such as the need for improved medical services and advancements in the medical devices are expected to create growth opportunities for the global cardiology IT workflow solutions market during the forecast period.

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