Increasing demand for imaging systems sparked a 7% jump in orders for healthcare equipment at Philips in the third quarter. Much of the gain came from customers in North America, where orders grew by 11% compared with 2% growth elsewhere in the world, leading to hopeful speculation that the extended lull in equipment purchases may finally be coming to a close.
Pierre-Jean Sivignon, Philips chief financial officer, said the company expected and benefitted from large multiyear deals in the first half of the year. Hospitals continue to focus on lowering their operating costs and managing their return on investment capital, he said.
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