Cardiac imaging software, a type of application software, is a part of a cardiac imaging device that consists of data or instructions. The Global Cardiac Imaging Software Market is expected to grow at a CAGR of ~9.0 % during the forecast period 2017-2023.During the last decade, there has been a significant increasing in the number of patients suffering from diabetes, heart disease, stroke among others which has increased the demand for cardiac monitors across the globe. Heart diseases and cardiovascular diseases are the leading causes of deaths across the globe. The cardiac imaging software market growth is majorly attributed due to increasing prevalence of heart diseases and diabetes.
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Cardiovascular diseases is one of the major reasons for heart diseases. According to the WHO, over 422 million people across the globe are suffering from diabetes. An increasing number of patients suffering from diabetes and other cardiovascular disease will fuel the growth of the market. Many government organizations and private companies are providing funds to the cardiac imaging software developers to improve its features. Increasing government support, increasing applications of computer-aided diagnosis and development of healthcare IT in healthcare industries will provide a push to the growth of the market. However, the manufacturers have to follow strict regulatory rules which may slow the growth of the market.
Key Players
Some of key the players in the market are Koninklijke Philips N.V. (the Netherlands), Siemens Healthineers (Germany), Toshiba Corporation (Japan), Shimadzu Corporation (Japan), Agfa healthcare (U.S.), TOMTEC IMAGING SYSTEMS GMBH (Germany), Circle Cardiovascular Imaging Inc. (U.S.), CardioComm Solutions Inc. (Canada), Integer Holdings Corporation (U.S.), Pie Medical Imaging (the Netherland), and HeartSciences (U.S.)
Regional Analysis
The Americas dominate the global cardiac imaging software market owing to the increasing demand for the cardiac monitoring devices, presence of huge patient population and advancements in the technology sector. A number of public- and private- organizations are investing in the cardiac imaging market. Availability of funds, technological advancements in medical imaging systems, and increasing demand for the compare aided diagnostic methods has driven the growth of the market. Additionally, well developed technology, high healthcare expenditure, and huge geriatric population have fuelled the growth of the market in this region. However, saturation of the market in this region may slow the growth of the market in America.
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Europe commands the second largest market for cardiac imaging software which is followed by Asia Pacific. Availability of funds, strong government support, and increasing need for better management devices & platform drives the growth of the market in Europe. The Western Europe commands a major share of the market owing to the presence of well developed economies.
Asia Pacific is the fastest growing cardiac imaging software market owing to the increasing number of patients suffering from cardiac diseases and rapidly increasing demand for the cardiac imaging devices. Additionally, rapidly growing economies and increasing healthcare expenditure will fuel the growth of the market. Majority of the countries in Asia Pacific are supporting the manufacturers for the development of advanced software. On the other hand, the Middle East & Africa hold the least share of the market owing to less availability of funds, limited availability of medical facilities, and poor political conditions in Africa.
Brief TOC
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Cardiac Imaging Software Market, by Imaging Modality
Chapter 8. Global Cardiac Imaging Software Market, by End User
Chapter 9. Global Cardiac Imaging Software Market, by Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
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