Report: Health reform to reverse imaging market slump
Falling procedure volume and spending will be capsized by expanded health coverage and five-year growth of up to 5 percent in imaging device sales, according to a report published by the Millennium Research Group (MRG).
In response to the general economic downturn and slashed reimbursements, sales in the diagnostic imaging market took a dip in 2009, while procedure volume will continue to trudge until 2013, MRG's “U.S. Markets for Diagnostic Imaging Systems 2011” argued.
“The passing of new healthcare reforms in 2010 has, however, alleviated much of the uneasiness experienced in 2009 and will result in increased units being purchased in 2011,” according to Isuru Silva, an analyst at MRG.
The report concluded that CT and MRI sales will drive the growth, though the trend may be uneven, with a sluggish market persisting until 2013, when hospitals are likely to start spending in preparation for healthcare reform’s 2014 expansion of coverage.
In response to the general economic downturn and slashed reimbursements, sales in the diagnostic imaging market took a dip in 2009, while procedure volume will continue to trudge until 2013, MRG's “U.S. Markets for Diagnostic Imaging Systems 2011” argued.
“The passing of new healthcare reforms in 2010 has, however, alleviated much of the uneasiness experienced in 2009 and will result in increased units being purchased in 2011,” according to Isuru Silva, an analyst at MRG.
The report concluded that CT and MRI sales will drive the growth, though the trend may be uneven, with a sluggish market persisting until 2013, when hospitals are likely to start spending in preparation for healthcare reform’s 2014 expansion of coverage.