BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Integrated Solutions Hold Sway in the North American Cardiovascular Image and Information Systems Market, Finds Frost & Sullivan


4/10/2012 10:10:22 AM

MOUNTAIN VIEW, Calif., April 10, 2012 /PRNewswire/ -- Macroeconomic factors and sluggish purchasing activity among cardiology providers put the brakes on the cardiology informatics market starting in 2009. Market vendors not only have to align with a dip in procedure volume growth and reimbursement levels for cardiovascular procedures, but are also struggling to cater to the varying needs of different customer segments in this fragmented market. Accustomed to paper-based workflow processes and legacy single modality solutions, most cardiology departments lag several years behind radiology in their adoption of cardiovascular image and information management systems (CIIMS). After providers have met the requirements for the first stages of meaningful use through their electronic medical record (EMR) implementation, the CIIMS market will likely start to benefit from IT stimulus funding starting in 2014.

New analysis from Frost & Sullivan's (http://www.medicalimaging.frost.com) Analysis of the North American Cardiovascular Image and Information Management Systems Market research finds that the market earned revenues of $210.4 million in 2010 and estimates this to reach $269.6 million in 2017. In this analysis, Frost & Sullivan's analysts thoroughly examine the following markets: stand-alone cardiology picture archiving and communication system (C-PACS), stand-alone cardiovascular information system (CVIS) modules, and integrated single-vendor CIIMS (C-PACS/CVIS).

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company Web site, city, state and country.

Healthcare providers' prioritization of efforts related to EMRs and meaningful use further challenges vendors to demonstrate tangible returns from a new integrated image and information management system. The current dynamics in cardiology IT suggest that revenues will follow a steady, but not explosive, growth path, as the market steps into a new wave of IT adoption.

Regardless of the relative maturity of the North American C-PACS and CVIS markets, there are growth opportunities in several clinical, product and customer sub-segments of the CIIMS market.

Additionally, healthcare providers' intensifying requirements for a single point of access to patient data and participation in enterprise IT consolidation efforts are finding resonance in the new generation of integrated CIIMS.

"This single point of access is achieved mainly through enhanced system integration and interoperability, key features of the more recent CIIMS solutions," said Frost & Sullivan Principal Analyst Nadim Daher. "Other key benefits include the solutions' ability to optimize workflow efficiency and data management, which can lead to increased productivity, higher patient throughput, and a wider line of imaging services."

To hasten the purchase of new-generation CIIMS, cardiology informatics vendors have to align the incentives of the various clinical stakeholders in cardiology across the spectrum of procedures and modalities, as well as of business and IT stakeholders scattered throughout the enterprise. In many cases, customized solutions that can be scaled up gradually will be a major incentive for cardiology providers' decision to overhaul their IT and workflow infrastructure.

As IT consolidation and Web-based technologies enable anytime-anywhere access to cardiovascular imaging across and outside the enterprise, vendors will do well to market this benefit to referring physicians and patient populations.

"Although the volume of cardiovascular imaging procedures in North America is no longer growing, advances in cardiovascular imaging equipment are resulting in increasing digitization and diversification of images and information as well as larger average data volumes per procedure," said Daher. "Therefore, data volume requirements for primary storage, long-term archiving, and image communication will continue to grow, posing growing challenges to the cardiology enterprise that only efficient CIIMS solutions can help address."

Analysis of the North American Cardiovascular Image and Information Management Systems Market is part of the Advanced Medical Technologies Growth Partnership Services program, which also includes research in the following markets: North American Market for Computer-aided Detection and Diagnosis; U.S. MRI and CT Imaging Systems Markets; Analysis of the U.S. Medical Ultrasound Imaging Systems Market; Technology Trends and Business Opportunities in the Latin American PACS Market: Brazil, Argentina and Mexico; and U.S. Hospital EHR Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Analysis of the North American Cardiovascular Image and Information Management Systems Market
N9AB-50

Contact:
Britni Myers
Corporate Communications North America
P: 210.477.8481
F: 210.348.1003
E: britni.myers@frost.com

http://www.frost.com

SOURCE Frost & Sullivan



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES