by Nancy Ryerson
, Staff Writer | July 23, 2013
The radiation therapy market is gearing up for a comeback after several tough years, according to a new report from IMV Medical Information Division.
The report found that 38 percent of radiation therapy sites are planning to purchase external-beam radiation therapy units, and 45 percent are planning to acquire or upgrade their oncology information systems over the next three years.
This is the most notable increase in radiation therapy budgets since a major drop off in 2009, the report said.
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"It's been creeping up since 2010, but the interesting thing about this year is that so many sites had a budget over $2 million," Gail Prochaska, public relations for the IMC Medical Information Division, told DOTmed News.
In 2012, 13 percent of radiation therapy facilities had a budget of $2 million or more. By 2014, the report predicts that number will go up to 24 percent.
New technologies drive the market, such as image-guided radiation therapy (IGRT), stereotactic body radiation therapy (SBRT) and rotational arc therapy.
The drive to integrate HIT data with treatments has also pushed the market, the report said. Eighty percent of the planned implementations and upgrades of oncology information systems will be incorporating EMR data.
Around 660 radiation therapy sites participated in the survey.