Replacement of Legacy Systems & Advances in Software Present MIIS Growth Opportunities, Assumes GBI Research

15 Jun 2012 • by Natalie Aster

The spiraling cost of silver is leading medical films to become obsolete, in the wake of new and more efficient Medical Imaging Information Systems (MIIS). MIIS can effectively manage digital patient information, including medical images. Sales of digital diagnostic imaging equipment are expected to soar because of the need to reduce hospital and radiology costs associated with films and paper. The price of medical films has increased significantly in recent times, due to escalating prices of key ingredient silver.

The new report “Medical Imaging Information Systems Market to 2017 - Replacement of Legacy Systems and Advances in Software Present Growth Opportunities” by GBI Research shows that hospitals will witness the digitization of medical imaging, replacement of existing systems, and a greater focus placed on healthcare IT in the future, leading to exciting growth in the MIIS market.

Report Details:

Medical Imaging Information Systems Market to 2017 - Replacement of Legacy Systems and Advances in Software Present Growth Opportunities
Published: March, 2012
Pages: 85
Price: US$ 3.500,00

The replacement of legacy Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS) will also help companies generate revenue from the market by improving on limited technological functions and features found on the legacy PACS, many of which are more than five years old.

These developments do not only benefit manufacturers, but hospitals too. Increased adoption of advanced PACS, such as web-based PACS, which allow access from remote locations, will help fulfill the demanding workflow requirements of healthcare personnel. Many advanced PACS offer features such as a one-desktop solution via web-based access, allowing health workers to access images at multiple locations, increasing their mobility and allowing treatment of more patients. This also allows collaboration between physicians for analysis of medical images and information access at the bedside of a patient’s home or in hospital.

The Obama government has been keen to release stimulus funds into the healthcare IT market in the US, resulting in the country becoming the largest market for MIIS in the world, contributing 53% towards the global market revenue in 2010.

The global market for Medical Imaging Information Systems (MIIS) was valued at $3.7 billion in 2010 and is forecast to reach $7.3 billion in 2017 at a Compound Annual Growth Rate (CAGR) of 10%. The US market for MIIS was valued at $1.9 billion in 2010 and is forecast to reach $4.1 billion in 2017 at a CAGR of 11%.

More information can be found in the report “Medical Imaging Information Systems Market to 2017 - Replacement of Legacy Systems and Advances in Software Present Growth Opportunities” by GBI Research.

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