Navigation Links
ARRA Funding Encourages EMR Purchases at the Expense of PACS, RIS and CVIS Systems
Date:12/4/2013

TORONTO, Dec. 4, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States market for picture archiving and communication systems (PACS), radiology information systems (RIS) and cardiovascular information systems (CVIS) will be hindered by the shift in purchasing priorities in the US in favor of electronic medical records (EMRs). American Recovery and Reinvestment Act (ARRA) incentive funding for EMRs caused many facilities to prioritize implementing these systems over PACS, RIS or CVIS. Unit sales for these systems will pick up somewhat in 2014 and 2015, after most facilities have implemented EMRs and can direct funding to replace their aging PACS, RIS and CVIS.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

"Traditionally, diagnostic imaging system vendors such as GE Healthcare and Philips Healthcare have led this market," said MRG Senior Analyst Mickel Phung. "However, we've seen a shift in recent years in favor of Healthcare IT vendors. In large community and academic/research hospitals, enterprise-wide IT selection is now primarily performed by CIOs and the board of directors, who base their purchasing decisions more heavily on the integration capabilities of PACS, RIS and CVIS rather than on their functionality and performance."

Wide adoption of EMR systems in these healthcare settings has further fueled this trend, as hospitals opt to obtain imaging informatics products from their EMR vendor. As a result, McKesson, a well-known EMR and health information system (HIS) vendor, led the overall market in 2013. Similarly, well-known EMR vendors Epic and Cerner dominated the US RIS market in 2013.

Overall, the market will grow at a compound annual growth rate of only approximately two percent through 2022. Despite growing data imaging volumes and an increasing need for advanced management and reporting capabilities, this market will be restrained by budgetary constraints in the US healthcare system.

Millennium Research Group's US Markets PACS, RIS, and CVIS 2014 report includes unit, installed base, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for radiology PACS, RIS and CVIS/CPACS in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

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

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Tyber Medical Closes Private Placement Funding Round
2. Indiana Biosciences Research Institute Hits $50 Million Start-Up Funding Goal
3. NanoBio Awarded Up To $10 Million In NIH Funding To Develop A Pandemic Influenza Vaccine
4. Epiditi - "COOL THE JEWELS!" The Only Form-Fitting Scrotal Ice Pack on the Planet - Now A Medical Crowdfunding Project
5. Yaz Settlement Funding News: 10K Cases Still Not Settled
6. Predilytics Secures Additional Funding and Expands Board of Directors
7. APPLIED INTEGRIN SCIENCES, INC. LAUNCHES CROWDFUNDING CAMPAIGN TO RAISE FUNDS FOR ITS CANCER DRUG DEVELOPMENT PROGRAM
8. NextDocs Receives $13.5 Million in Funding to Fuel Expansion
9. Perle BioScience Selects BlazeFund As Its Crowd Funding Platform
10. WaferGen Bio-systems Announces New Funding from Private Placement
11. Acutus Medical Closes Series B Funding at $28 Million
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/4/2016)... , Feb. 4, 2016 Worldwide ... achieve significant growth as next generation systems provide ... use radiology for cancer surgery. New systems pinpoint ... overdosing that has been such a problem previously, ... delivered. Radiosurgery robots take cancer surgery far beyond ...
(Date:2/4/2016)... 4, 2016 Summary Breast cancer, a ... the most common cancer in women worldwide, accounting for ... prevalent. The number of women diagnosed with breast cancer ... number of deaths has declined due to earlier diagnosis ... been revolutionized in the past four decades, especially with ...
(Date:2/4/2016)... DIEGO, Feb. 4, 2016  Aethlon Medical, Inc. ... affinity biofiltration devices to treat life-threatening diseases, today ... 2016 ended December 31, 2015. ... objectives set forth in our last quarterly call, ... reinforce our long-term objective to establish the Aethlon ...
Breaking Medicine Technology:
(Date:2/6/2016)... ... February 06, 2016 , ... Shark Finds and ... launch of a new DRTV campaign with Belly Bands. , Having a dog is ... sprays to puppy pads and find nothing works, get Belly Bands, the easiest ...
(Date:2/5/2016)... Bethpage, NY (PRWEB) , ... February 05, 2016 , ... ... florist-quality long-stem roses in a variety of colors, assortments and packaging. This staple for ... at any King Kullen location. , For Valentine’s Day, not only are long-stem ...
(Date:2/5/2016)... ... February 05, 2016 , ... Successful recruitment and retention efforts, ... scientific initiatives have all marked the last 12 months at Roswell Park Cancer ... the nation’s oldest cancer center, Candace S. Johnson, PhD, outlined the many accomplishments ...
(Date:2/5/2016)... ... 05, 2016 , ... Francisco Canales, MD and Heather Furnas, ... Valley office. The technique utilizes the body’s own healing abilities to quickly rejuvenate ... are part of only a select few cosmetic surgeons bringing this procedure to ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... After years ... General Hospital Burn Unit, plastic and cosmetic surgeon Dr. Wayne Carman transitioned to chief ... Hospital. He successfully completed his first three-year term as chief and began a second ...
Breaking Medicine News(10 mins):