Navigation Links
Budgetary Constraints on Health Care Facilities to Affect PACS, RIS, and CVIS Markets

Limited funds will force hospitals to reconsider or defer purchases of imaging IT systems, according to Millennium Research Group

WALTHAM, Mass., Jan. 8 /PRNewswire/ -- According to Millennium Research Group's (MRG's) US Markets for PACS, RIS, and CVIS 2009 report, the budgetary constraints facing many health care facilities will significantly affect the markets for picture archiving and communication systems (PACS), radiology information systems (RIS), and cardiovascular information systems (CVIS) over the next five years.

Limited credit availability and freezes on capital spending will force hospitals, ambulatory imaging centers, and orthopedic specialty practices to defer planned purchases of new and replacement systems despite growing imaging data volumes and increasing needs for advanced management and reporting capabilities.

"These deferred investments will occur after the US economy improves," says Chris Schutz, Senior Analyst at MRG. "Many facilities will be particularly interested in alternative purchase models that permit them to pay for new systems from operational rather than capital budgets and to distribute their acquisition costs over the life of the system. Overall, the PACS, RIS, and CVIS markets will still experience a compound annual growth rate of over 6% from 2008 to 2013, making the combined market worth over $2 billion in 2013."

MRG's US Markets for PACS, RIS and CVIS 2009 report provides coverage of key industry competitors, including Agfa HealthCare, AMICAS, Carestream Health, DR Systems, Emageon, FUJIFILM Medical Systems, GE Healthcare, McKesson, Philips Healthcare, Sage Software Healthcare, ScImage, Sectra, Siemens Healthcare, Stryker Imaging, and many more.

About Millennium Research Group

Millennium Research Group (, a Decision Resources, Inc. company (, is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the health care industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

    For more information, contact:

    Amy Krohn
    Millennium Research Group
    416-364-7776 x101

    Elizabeth Marshall
    Decision Resources Inc.

SOURCE Millennium Research Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. System constraints forcing Canadian physicians to become medical brokers in prioritizing
2. Isis Pharmaceuticals to Present at the J.P. Morgan Healthcare Conference
3. Cardinal Health Updates FY09 Outlook
4. Digirad Corporation CEO to Present at J.P. Morgan Healthcare Conference in San Francisco
5. Walling Data and AVG Restore Pyramid Healthcare's Efficiency
6. Kansas Insurance Commissioner, Sandy Praeger, to Appear this Saturday on Cary Hall's Health Insurance Advocate Radio Show
7. Cost containment focus could have consequences for health care delivery
8. The Non-Profits Medical Tourism Association (MTA), Monterrey Health Care City (MHCC) Have Partnered Together to Create the 1st Latin America Medical Tourism and Health Tourism Congress Which Occurs April 27-29th, 2009 in Monterrey, Mexico at the Intercont
9. Insulet Corporation to Present at the J.P. Morgan Healthcare Conference on January 14, 2009
10. Study to explore ethical challenges health professionals face while caring for children with LTNMDs
11. New Web Site Teaches How to Price Shop
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... Brillianteen, ... friendships, and learning in its 65th Anniversary Brillianteen Revue, scheduled for March 4-6, ... , For 65 years, Brillianteen has been a treasured tradition for numerous families ...
(Date:11/25/2015)... ... November 25, 2015 , ... Castlewood Treatment Center for Eating ... disorders as a result of the $20,000 raised at the center’s recent ... Golf Club in Eureka, will help individuals who otherwise might not seek treatment ...
(Date:11/25/2015)... ... November 25, 2015 , ... An unlikely ... resulting in a way for homeless people to have a more dignified and ... new initiative whereby they are repurposing plastic bags into sleeping mats for the ...
(Date:11/25/2015)... ... November 25, 2015 , ... Students and parents have something to be thankful ... Create Real Impact awards. California Casualty is proud to support the contest ... distracted and reckless driving, the number one killer of young drivers. , Almost ...
(Date:11/24/2015)... , ... November 24, 2015 , ... Dr. Todd S. ... offer laser services to many of his patients. Dr. Afferica now uses the BIOLASE ... reduce the amount of time the doctor uses other traditional cutting tools, such as ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015  ARKRAY USA ... continues to provide evidence demonstrating the accuracy of its ... Congress on Insulin Resistance, Diabetes and Cardiovascular Disease in ... both the Company,s GLUCOCARD ® 01 meter and ... accuracy requirements. The ability to accurately measure glucose levels ...
(Date:11/25/2015)... 2015  Trovagene, Inc. (NASDAQ: TROV ), a ... Executive Officer Antonius Schuh, Ph.D., is scheduled to present ... Piper Jaffray Healthcare Conference. th Annual ... Hotel in New York on ... Schuh will be available for one-on-one meetings during the ...
(Date:11/25/2015)... , Nov. 25, 2015 USP ... hazardous drug preparations (e.g. pharmacists, pharmacy technicians, nurses, ... veterinary technicians). The chapter also covers all entities ... (e.g., pharmacies, hospitals, other healthcare institutions, patient treatment ... --> --> What ...
Breaking Medicine Technology: