Digitalization of medical records through electronic health records (EHRs) is transforming the cardiologist industry. Digitalization of medical records include the conversion of paper-based medical records into electronic formats which includes patients’ medical history, diagnoses, medications, treatment plans, allergies, laboratory and test results. EHRs increase patient participation and improve diagnostic and treatment outcomes by improving the efficiency of services provided by physicians.
THE BUSINESS RESEARCH COMPANY VALUED THE CARDIOLOGISTS MARKET AT $118 BILLION IN 2017
North America was the largest geographic region in the cardiologists’ market in 2017, accounting for nearly half of the global market. The USA was the largest country accounting for two-fifth of the market.
According to The Business Research Company’s Consultant, Nitin Gianchandani, big data analytics is to improve cardiovascular health analysis and used to develop the treatment for inherited cardiomyopathies, channelopathies, and other mono-genetic cardiovascular diseases. For instance, in July 2015, the Food and Drug Administration (FDA) in the US approved Alirocumab (Praluent), the first monoclonal antibody that inactivates the proprotein convertase and subtilizes kexin type 9 (PCSK9), resulting in reduced levels of low-density lipoproteins (LDL) cholesterol in the blood. Big data analytics is also being used to improve the development and application of pharmaceutical products within the cardiovascular market.
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Abbott Laboratories was the largest player in the cardiologists market, with revenues of $2.1 billion in 2016. Abbott’s growth strategy aims at maintaining diversity and investing in acquisitions.
A cardiologist is a doctor with special training and skill in finding, treating and preventing diseases of the heart and blood vessels. Conditions treated by a cardiologist include heart attacks, heart murmurs, coronary heart disease and hypertension.
Cardiologists Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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