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:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th ... Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, ... The fun run is geared towards children of all ages; it is a non-competitive, ...
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of a ... “The Journey: From the Mountains to the Mission Field” is the creation of published ... all ages and currently teaches a class of ladies at her church, which she ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... in post-acute health care, have expanded their existing home health joint venture through ... AccentCare has been operating a joint venture home health company with Asante, delivering ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Leading pediatric oncology ... in Washington, D.C., for the 49th Congress of the International Society of Paediatric ... President of the Center for Cancer and Blood Disorders at Children’s National, ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... MENLO PARK, Calif. , Oct. 11, 2017 /PRNewswire/ ... a national scientific team that developed an innovative way ... and quantity of the delivery of new drugs. ... the 2017 Fall Clinical Dermatology Conference will show how ... Massachusetts General Hospital, Harvard Medical School used a suite ...
(Date:10/10/2017)... 10, 2017  NDS received FDA 510(k) clearance in May 2017 ... display stand specifically designed for endoscopy environments. An innovative secondary monitor ... clinical solution to support the improvement of patient outcomes, procedural efficiency, ... ... ...
(Date:10/4/2017)... Korea , Oct. 4, 2017  South Korean-based ... next-generation CPR training aide "cprCUBE" on Kickstarter. The device ... compression during cardiac arrests with better efficiency compared to ... also offers real-time feedback on efficacy of the compression ... crowdfunding campaign has a goal to raise $5,000. ...
Breaking Medicine Technology: