Major players active in the global heart failure software market are 4S Information Systems Ltd., Cerner Corporation, CitiusTech Inc., and Axis Clinical Software, Inc. These players are claimed to tower the development of global heart failure software market in the years to come.
As per analysts at Zion Market Research, the global heart failure software market added up for almost USD 2.23 Billion in 2016 and is likely to cross almost USD 3.18 Billion by end of 2022, developing at a CAGR of almost 6.1% from 2017 to 2022.
Rising Occurrence Of Heart-Associated Diseases To Boost Heart Failure Software Market
Heart failure software market is major boosted by rising occurrence of heart-associated diseases all over the different parts of the globe, as per analysts at Zion Market Research. These diseases comprise diabetes, angina pectoris, and hypertension. For example, as per the IDC (International Diabetes Federation), China had the biggest amount of diabetic people with almost 96.2 Million individuals suffering from diabetes chased by India with almost 66.8 Million people suffering from diabetes in 2014. This directly assisted in powering the global heart failure software market. On the other hand, non-affordability and high costs of heart failure software are the major hindering factors directly impacting the development of heart failure software market. Illiteracy and non-awareness amongst the people may also hamper the development of heart failure software market. Innovation and advancement in technologies will bolster the growth of heart failure software market. For instance, in 2017 DAWN Clinical Software launched DAWN Heart Failure Software that effectively manages CHF (congestive heart failure).
Increased Public Awareness To Foster The Development Of Heart Failure Software Market In Asia Pacific
Based on areas, the global heart failure software market is divided into five types such as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These divisions are additionally sub-divided into the U.K., the U.S., France, Germany, Japan, China, Brazil, and India. North America grabbed the biggest share in the global heart failure software market chased by Europe. Moreover, rise in awareness in nations such as Canada and the U.S. will elevate the development of heart failure software market in this area. North America added up for almost 44% of the entire share in the heart failure software market. Apart from this, heart failure software market has growth avenues in emerging areas such as Latin America and Asia Pacific due to public awareness, huge patient base, government initiatives, increase disposable income, and healthcare infrastructure.
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On the basis of end-users, the global market of heart failure software market is divided into types such as hospitals. Hospital sector ruled the end-users segment of heart failure software market in 2016. This development is credited due to increasing acceptance of remote patient monitoring system and electronic health records. Increasing awareness related to personal health among the people is likely to boost development of the consumer sector over the forecast period.