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Picis, GE, iMDsoft Battle for Share of Lucrative Anesthesia Information Management Market Ahead of U.S. Healthcare Legislation Deadline

Wednesday, May 25, 2011 General News J E 4
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Medical Information Technology Including PACS, Electronic Medical Records, AIMS to See Double-Digit Growth

VANCOUVER, May 24, 2011 /PRNewswire/ - According to a new report by iData Research (www.idataresearch.net), the leading global authority in medical device market research, the U.S. anesthesia, respiratory and sleep-management device market will reach approximately $4 billion by 2017, with strong growth being driven by anesthesia information management system (AIMS) sales. This report is accompanied by two companion reports, "Electronic Medical Records" and "Picture Archiving and Communication Systems (PACS)", which forecast rapid adoption of medical information technology due to approaching deadlines set out by the U.S. government's Healthcare Information Technology for Economic and Clinical Health (HITECH) Act.

"The market for anesthesia information management systems will increase by over 50% in 2012 as hospitals automate their anesthesia departments ahead of the 2015 deadline outlined in U.S. legislation," says Dr. Kamran Zamanian, CEO of iData. "AIMS automates data collection in the anesthesia department, streamlining work-flow, improving electronic records and decreasing malpractice claims. Picis, GE Healthcare, Draeger, IMDsoft, Merge and Philips are battling for market share in this segment, which will almost triple in value by 2017."

iData's anesthesia report also states that companies such as Mindray, Maquet and Penlon are entering the U.S. anesthesia delivery unit (ADU) market forcing established market leaders to release low-cost low-acuity models to compete. As a result of these falling prices, unit-sales are expected to increase through 2017.

In addition, iData's Electronic Medical Record (EMR) report states that EMR sales will grow dramatically, surpassing $7.4 billion in sales and annual support revenue. Dramatic investment in this market is an effort by healthcare providers to comply with the HITECH legislation by 2013 to avoid paying penalties. Allscripts-Misys, eClincalWorks, Epic Systems, McKesson and NextGen are competing for dominance in this lucrative market.

iData's global report series on "The Markets for Anesthesia, Respiratory and Sleep-Management Devices 2011" includes the latest data, market-analyses and competitor profiles for over 65 segments.

For more information, register free on iData's website at: http://www.idataresearch.net/idata/registration.php

About iData Research

iData Research (www.idataresearch.net/idata/discoveridata.php) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: anesthesia, respiratory, sleep-management, EMR, PACS and more.

SOURCE iData Research Inc.

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