Navigation Links
Spending on Integrated Operating Rooms to Slow in 2009, But Expected to Recover in 2010

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 (, 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. 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:
(Date:11/30/2015)... Caicos Islands, BWI (PRWEB) , ... December 01, 2015 , ... ... Recently Caribbean Journal, one of the leading digital news sites highlighting Caribbean destinations, ... reason? The weather. While much of North America shivers under chilly grey skies ...
(Date:11/30/2015)... ... 01, 2015 , ... Live Very Well is excited to ... on . The multi-carrier insurance exchange platform offers individual vision and ... to compare, quote and match plans to meet their needs. , Beginning ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... four states in the U.S. require dental technicians to be certified or obtain ... industry, NADL created the “What’s In Your Mouth?” campaign to inform dentists that ...
(Date:11/30/2015)... ... November 30, 2015 , ... The world of hair transplants and restoration ... extraction. These techniques and procedures have been in use for many years and are ... Dr. Parsa Mohebi, M.D. has utilized many of these methods over the years, he ...
(Date:11/30/2015)... ... 30, 2015 , ... During the week of Thanksgiving, the ... for its research, education, support, and advocacy efforts. The campaign is held every ... Mesothelioma Applied Research Foundation, which also goes by Meso Foundation, holds the ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... Nov. 30, 2015 MEDTEC Japan 2016, Asia,s ... is to be held in Tokyo from 20 th  - 22 nd April ... --> -->   --> --> ... the United States . With the aging population and the government ... grow steadily. --> the United States . With the ...
(Date:11/30/2015)... 30, 2015 Diplomat Pharmacy, Inc. (NYSE: ... the Detroit Free Press as a Top Workplace , ... to work for in 2015. ... 100 winners annually, based on employee surveys rating company leadership, ... Workplaces are based solely on employee feedback. The survey is ...
(Date:11/30/2015)...  IBA Molecular North America, Inc. (IBAMNA), a U.S. ... that as of January 1, 2016, it will do ... to rebrand the company reflects a refined vision for ... close relationship with Zevacor Molecular.  Both IBAMNA and Zevacor ... Peter Burke , Vice President Sales ...
Breaking Medicine Technology: