Vendors Will Engage in Aggressive Price Competition to Win Public Tenders, According to Findings from Decision Resources Group BURLINGTON, Mass., Feb. 20, 2014 /PRNewswire/ -- Decision Resources Group finds that expansion of the European market for picture archiving and communication systems (PACS), radiology information systems (RIS) and cardiovascular information systems (CVIS) will be hindered by the debt crisis and radiology cuts in the region. The resulting budget constraints have led to deferred purchases of new and replacement PACS, RIS and CVIS for many countries in 2013, as well as the cancellation of a significant number of public tenders for these systems, particularly in the more severely affected markets in Italy and Spain.

February 5, 2014 (HIMSS Booth #4388) – Raleigh, NC - Viztek, the leading provider of complete digital software and hardware diagnostic imaging solutions, today announced 45 percent year-over-year revenue growth from the 2011-2013 calendar years. Strong DR and PACS sales supported this, with 20 percent growth in DR, and 15 percent growth in software. The PACS replacement market was particularly strong for the company, with 75 replacements in 2013, a year when Viztek also saw a significant jump in its customer base of hospitals with more than 200 beds.

InMedica forecasts the world market for PACS, RIS, and CVIS to grow by more than $1 billion over the next 5 years.