Navigation Links
Spending on Integrated Operating Rooms to Slow in 2009, But Expected to Recover in 2010
Date:1/20/2009

Facilities will face difficulty obtaining credit for capital expenditures, according to Millennium Research Group

WALTHAM, Mass., Jan. 20 /PRNewswire/ -- According to Millennium Research Group's (MRG's) US Markets for Video and High-Tech Hardware Devices 2009 report, medical facilities will face increased difficulty obtaining credit at favorable terms to fund capital expenditures in 2009 due to the ongoing US economic crisis. With the economic crisis expected to soften by 2010, however, this market will resume its steady rise, resulting in a CAGR of 7% from 2008 to 2013.

The operating room (OR) integration segment will be hit hard by reduced capital equipment funding. Because many integration projects in the OR have lengthy sales cycles that can last more than a year, the full effect of the downturn has not yet been realized, and as a result, 2009 unit sales for OR integration devices will suffer.

"Besides obtaining credit, many facilities have also relied on returns from their investment portfolios to fund capital equipment expenditures, and many saw those returns reduced considerably in 2008," says Tiffanie Demone, Senior Analyst at MRG. "Consequently, facilities have been forced to freeze capital expenditure budgets. With credit expected to remain tight and financial markets staying well below earlier levels until 2010, some facilities will defer construction and renovation of integrated ORs."

MRG's US Markets for Video and High-Tech Hardware Devices 2009 report provides in-depth coverage of key industry markets, such as endoscopic camera systems, surgical monitors, articulated surgical robotic devices, OR integration devices, capsule endoscopy, and surgical lights. Competitors covered include BERCHTOLD, Given Imaging, Intuitive Surgical, KARL STORZ, Olympus, Skytron, STERIS, Stryker, and many more.

About Millennium Research Group

Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), 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 www.DecisionResourcesInc.com.

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
    akrohn@mrg.net

    Elizabeth Marshall
    Decision Resources, Inc.
    781-296-2563
    emarshall@dresources.com


'/>"/>
SOURCE Millennium Research Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Hospitals and Health Systems to Cut Back on Both Capital Spending and Unprofitable Services in 2009
2. Facing Large and Uncontrollable Financial Losses on Individual Policies, Blue Cross Blue Shield of Michigan Will Cut Up to 1000 Jobs in 2009, Reduce Spending and Seek Rate Increases on Individual Plans
3. Comparative Effectiveness Research Tools Address Variations in corporate spending
4. Health Care Spending in U.S. Grew at Lowest Rate in a Decade
5. Spending Too Much on Healthcare? This Employer-Designed Conference Will Inspire!
6. Maximize Flex Spending Account Funds Before They Expire
7. As Consumers Put a Leash on Spending, Experts Caution Against Being Penny Wise and Pound Foolish with Their Pets
8. Heart Failure Accounts for 37% of Medicare Spending
9. 2008 National Ergonomics Conference and Expo to Focus on Ways to Increase Productivity and Reduce Spending in the Workplace
10. Service Employees Outraged Over Rendell Spending
11. Testifying Before Congress, Trust for Americas Health Urges FDA Spending Cap Until Realistic Budget Request is Made
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop ... The fitness app plans to fix the two major problems leading the fitness industry today:, ... all type program , They don’t eliminate all the reasons people quit their ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, ... Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. ... skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... First ... United States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell ... facility Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive ...
(Date:6/25/2016)... , ... June 25, 2016 , ... On Friday, June ... a Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments ... of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Those who have ... these feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as ... Michigan, has released tools for healthy coping following a traumatic event. , Trauma sufferers ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)...  Arkis BioSciences, a leading innovator in the ... cerebrospinal fluid treatments, today announced it has secured ... led by Innova Memphis, followed by Angel Capital ... Arkis, new financing will accelerate the commercialization of ... of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
(Date:6/23/2016)... 23, 2016 Research and Markets ... Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic ... Coating, Parenteral) - Global Forecast to 2021" report ... The global pharmaceutical excipients market is projected to ... of 6.1% in the forecast period 2016 to 2021. ...
Breaking Medicine Technology: