Latest IMV CT Census Shows Slow-down in Expenditures for CT Technology

DES PLAINES, Ill.--(BUSINESS WIRE)--According to IMV Medical Information Division’s recent census of CT sites in the U.S., an estimated 68.7 million CT procedures were performed in 7,640 hospital and non-hospital sites in 2007. This represents an average annual growth rate of ~8% since 2003, when an estimated 50.1 million procedures were performed.

“While the number of CT procedures performed is growing steadily, 2008 CT capital budgets are decreasing, indicating a slowdown of purchase activity for replacement and additional units,” observed Lorna Young, Senior Director, Market Research. “From 2000 to 2008, the proportion of CT sites having zero dollars budgeted for CT increased from 51% to 83%. Given an installed base of over 10,000 CTs and an average replacement cycle of 7 years, the CT replacement market could account for sales of over 1,400 units per year. However, the number of sites budgeting for replacement units is slowing. Over the last five years, CT sales were driven by sites acquiring multi-slice CT scanners, and the proportion of installed multi-slice CTs grew from 27% of the 2002 installed base to 81% of the current CTs installed. It appears that purchase activity has slowed, as CT sites focus on the efficient utilization of their CT equipment.”

source: Business Wire

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