Zion Market Research has published a new report titled “Heart Failure Software Market by Software Type (Knowledge-Based and Non-Knowledge Based) and by Delivery Mode (On-Premises, Web-Based and Cloud-Based Systems) for Hospitals and Others – Global Industry Perspective, Comprehensive Analysis and Forecast 2016 – 2022”. According to the report, the global heart failure software market accounted for approximately USD 2.23 billion in 2016 and is expected to reach around USD 3.18 billion by 2022, growing at a CAGR of around 6.1% between 2017 and 2022.
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Congestive heart failure is a chronic condition that directly affects the pumping power of your heart muscles. CHF particularly refers the phase in which fluid increases around the heart and causes it force inefficiently. Rising necessity for continuous health assessment and dynamic advancements in technology is the major factor associated with heart failure software growth. In addition, clinical decision support system such as heart failure software system is continuously being used in the developed economies like the U.S., Germany, and France. Heart failure software facilitates management of cardiac patients safely and efficiently. It provides benefits patients in cardiac activity monitoring and analyzing risk zone of patients with cardiac diseases.
Heart failure software market is driven mainly by increasing incidence of heart-related diseases across the different parts of the world. These diseases include angina pectoris, diabetes, hypertension etc. For instance, according to the International Diabetes Federation, China had the largest number of diabetic patients with around 96.2 million diabetic patients followed by India with around 66.8 million diabetic patients in 2014 which directly helped in fueling the heart failure software market. However, high costs or non-affordability of heart failure software are the key limitation which directly affects the growth of heart failure software market. Non-awareness and illiteracy among the population may directly affect the growth of heart failure software market. Advancement and innovation in technologies will boost the heart failure software market growth.
Based on software type, the global market for heart failure software is classified into types: knowledge based and non-knowledge based. Global heart failure software market is dominated by knowledge-based software market. The knowledge-based software market is growing at the much faster rate in each year. Knowledge-based software will show more innovations and technological advances due to thuge demands by customers and medical professionals.
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Based on delivery mode, the global market of heart failure software market is classified into three types: on-premises, web-based and cloud-based systems. Globally, heart failure software market was dominated by cloud-based systems in 2016. This growth is attributed due to tincreasing prevalence of diabetes mellitus. Diabetes mellitus patient is at higher risk of heart failure followed by nondiabetes patients. This risk associated with blood viscosity, which is higher in diabetes mellitus patient. About 100,000 new cases of type 1 diabetes are diagnosed annually in North America.
Based on end-users, the global market of heart failure software market is classified into types: hospitals and others. Hospital segment dominated the end-users segment in 2016. This growth is attributed due to tincreasing adoption of electronic health records and remote patient monitoring system. Rising awareness about personal health amongst the population is expected to drive growth of the consumer segment over the near future.
Based on geographies, the global market of heart failure software market is segmented into five types: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. These segments are further sub-segmented in the U.S., U.K., Germany, France, China, Japan, India, and Brazil. North America held the largest share in the global heart failure products market followed by Europe Furthermore; rise in awareness in countries like the US, Canada will increase demand of heart failure software market in this region. North America accounted for approximately 44% of the total market share of the heart failure software market. Moreover, heart failure software market has the huge opportunity in emerging market like Asia Pacific, Latin America due the huge patient base, public awareness, increase disposable income, government initiatives and healthcare infrastructure.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global heart failure software market include Cerner Corporation, 4S Information Systems Ltd., Axis Clinical Software, Inc., CitiusTech Inc., etc.
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This report segments the global heart failure software market as follows:
Global Heart Failure Software Market: Software Type Analysis
- Knowledge Based
- Non-Knowledge Based
Global Heart Failure Software Market: Delivery mode Analysis
- Cloud-Based Systems
Global Heart Failure Software Market: End-User Analysis
Global Heart Failure Software Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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