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Frost & Sullivan Recognises Barco For Its Leadership In The Medical Imaging Market



10/19/2005 5:12:41 PM

KORTRIJK, Belgium, September 22 /PRNewswire/ -- Barco is proud to announce that international growth consultant Frost & Sullivan has recognised the company for its leadership in the medical imaging market by presenting it with two prestigious awards. The first award, the Growth Strategy Leadership of the Year Award, was conferred to Barco because the company has successfully capitalised on the opportunities in the 3D medical imaging arenas, and because it has shown an important growth in the area of medical display systems. The second award, the Technology Innovation Award, is an acknowledgement of Barco's exceptional success in the US mammography imaging market for the fiscal year 2004.

Barco has received the Growth Strategy Leadership Award for successfully entering the high growth field of 3D imaging. Frost & Sullivan applauds Barco's strategy in entering the field of 3D imaging by successfully acquiring Voxar. Moreover, the company is optimistic that this approach will pave the way for Barco to reach greater heights in the medical imaging industry. "The acquisition of Voxar has enabled Barco to become a comprehensive provider of 3D imaging solutions worldwide," says Srividya Badrinarayanan, Industry Analyst Medical Imaging, Frost & Sullivan Healthcare Practice. "Apart from projected revenue increases, Barco is also set to capitalise on the long-term relationship built with over 30 PACS vendors who have integrated Voxar's 3D software with their PACS. In turn, backed by financial support from its parent company Barco, Voxar's team will gain major momentum in designing new and innovative software. This will further boost Barco's overall standing in the medical imaging industry."

"We are very proud to accept this award as a recognition of our growing expertise in 3D medical imaging," says Piet Candeel, Vice President of Barco's Medical Imaging Systems business unit. "We strongly believe that 3D imaging, integrated into the heart of the PACS workstation, is the way forward for medical professionals to further improve their performance and productivity and speed up their workflow."

The second award conferred to Barco is the Technology Innovation Award. Frost & Sullivan presented it to Barco particularly because of the company's leadership, technological acumen and breadth in high-end, diagnostic displays used for mammography reading.

"Barco was the first CRT display manufacturer given FDA approval to market its 5 mega pixel CRT display monitors as a dedicated mammography imaging diagnostic solution, apart from a mammography imaging system," explains Katherine Shariq, Senior Industry Analyst, Frost & Sullivan Healthcare Practice North America. "FDA clearance of its LCD-based Coronis 5MP Mammo diagnostic display as a digital mammography imaging solution expands Barco's technical presence in the diagnostic market. Here, Barco's established performance record and the Coronis 5MP Mammo's full-featured functionality will give it an edge over competing offerings."

"Barco was able to maintain leadership during the shift from CRT to LCD technology. This ability has given Barco a unique position over its competitors," explains Paul Matthijs, Vice President of Barco's Medical Imaging Systems business unit. "Barco achieved this leading position by always taking into account the stringent need of mammography professionals for display solutions that maximise productivity and offer film-like, diagnostic precision."

About Barco

Barco, an international company headquartered in Kortrijk, Belgium, provides visualisation and display solutions for professional markets. Barco designs and develops solutions for large screen visualisation, display solutions for life-critical applications, and systems for visual inspection. Barco is active worldwide and has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco is quoted on Euronext Brussels and is a BEL 20 and a Next 150 company .

US contact: Diane M. Clifford Senior Marketing Manager Phone: +1-508-620-9446 E-mail: diane.clifford@barco.com International contact: Koen Helsen Marketing Communications Manager Phone: +32-56-233-579 E-mail: koen.helsen@barco.com

Frost & Sullivan

CONTACT: US contact: Diane M. Clifford, Senior Marketing Manager, Phone:+1-508-620-9446, E-mail: diane.clifford@barco.com. International contact:Koen Helsen, Marketing Communications Manager, Phone: +32-56-233-579,E-mail: koen.helsen@barco.com


Read at BioSpace.com


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