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Budgetary Constraints on Health Care Facilities to Affect PACS, RIS, and CVIS Markets
Date:1/8/2009

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 (www.MRG.net), a Decision Resources, Inc.
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SOURCE Millennium Research Group
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