News | January 07, 2009

Current Financial Constraints to Affect PACS, RIS and CVIS Markets

January 8, 2009 - The budgetary constraints facing many healthcare 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, according to Millennium Research Group's (MRG) U.S. Markets for PACS, RIS and CVIS 2009 report.

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 U.S. economy improves," said 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 percent from 2008 to 2013, making the combined market worth over $2 billion in 2013."

MRG's U.S. 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.

For more information: www.MRG.net

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