Imaging Market to see healthy growth

According to the new market research report, "Medical Imaging – Global Displays and Post-Processing Software Market (2009-2014)" published by MarketsandMarkets (Dallas), the global medical imaging market is expected to reach $2.5 billion by the year 2014, at a CAGR of 12.7% from 2009 to 2014. The software market is one of the most important segments and is expected to reach a market size of $1.3 billion by 2014 growing at a CAGR of 11%.

The report states that rising healthcare costs and the increasing demand for healthcare services have created a significant transformation in the field of healthcare image management software over the last decade. Healthcare equipment vendors are now seeking to provide an integrated diagnostic model facilitating patient-centric, evidence-based healthcare. The major features of post-processing include workflow tasks such as image processing, image reconstruction, computer-aided detection, three-dimensional (3-D) view generation, and quality control.

Digitalization of medical imaging over conventional film-based imaging has spurred the growth of the medical display market. Medical displays monitors play an important role in medical imaging process by enabling radiologists and surgeons to view and analyze the images generated by imaging modalities such as CT and MRI.

The global popularity of CAD software has also encouraged vendors to focus on niche-specific applications such breast CAD, thoracic CAD, and colon CAD. The breast CAD segment is expected to hold a strong position in the future due to the increasing number of MRI, mammo, and ultrasound CAD installations. However, the market still faces the challenges of expansion and of convincing the clinical community about the advantages of CAD in the detection and diagnosis of several types of carcinomas.

Providence Service moves to Tuscon

The Providence Service Corporation (Tucson, Arizona), one of Tucson's largest companies with more than 11,000 employees nationwide, said that it plans to relocate its corporate headquarters to downtown Tucson.

Providence, working with Peach Properties, will take over the vacant building at the corner of Scott and Broadway, adjacent to the new site of Tucson Electric Power's new headquarters.

"This will put two of Tucson's public companies side by side and should further support the downtown area as a developing business environment," said Fletcher McCusker, Chairman/CEO. "The recent improvements downtown, such as the Scott streetscape, Rialto block facade improvements, new restaurants, retail and fitness space along with the promise of a more friendly business environment, helped convince the Company to relocate."

The Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections.