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Diagnostic imaging

Ultrasound, nuc med on the upswing: report

DUBLIN – Global Markets Direct, a market research company, estimates that the global market for diagnostic imaging was valued at US$15.8 billion in 2008 and is forecast to reach US$24.6 billion in 2015 with a CAGR of 7%. The market is expected to be driven by an increase in the number of independent diagnostic centers, governments investing in the electronic storage of patient records, and technological advances.

Global Markets Direct’s new report, “The Future of the Diagnostic Imaging Market to 2015,” provides key data, information and analysis on the global diagnostic imaging market. The report provides market landscape, competitive landscape and market trends information on six market categories, including computed tomography systems, mammography equipment, MRI systems, nuclear imaging equipment, ultrasound systems and x-ray systems.

According to the company, the report provides comprehensive information on the key trends affecting these categories, and analytical content on the market dynamics. The report also reviews the competitive landscape in terms of mergers and acquisitions, pipeline products and technology offerings.

New hospital constructions, independent diagnostic centers
New hospital constructions in the US, China and India are expected to drive the diagnostic imaging market in the future. China and India, with their huge patient pools, are expected to drive new hospitals construction in the next decade. In the US, more than 3,000 projects (including hospitals, outpatient clinics) are currently under development.

Increasing numbers of diagnostic centers, independent of the hospitals, are leading to growth in the market. Low-cost set up compared to full-fledged hospital construction and an increasing patient demand has led to growth in the independent diagnostic centers.

Ultrasound systems and nuclear imaging equipment
The ultrasound systems category’s contribution towards the diagnostic imaging market is expected to increase from 19% in 2008 to 23% in 2015. High institutional affordability, miniaturization of the systems and negligible patient risk are expected to drive ultrasound systems sales at a CAGR of 9% over the next seven years.

Nuclear imaging equipment category’s contribution towards diagnostic imaging market is expected to increase from 13% in 2008 to 15% in 2015. The nuclear imaging equipment market is forecast to reach $3.6 billion in 2015. Increasing institutional purchase from Europe and financial assistance from the manufacturers are expected to drive the market for the next seven years. The growth in the market is also expected to be driven by the expansion of coverage for Fluorodeoxyglucose (FDG) PET for diagnosis and treatment of almost all types of cancer by the US Centers for Medicare & Medicaid Services.

According to the company, the report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by Global Markets Direct’s team of industry experts.

Posted Sept. 24/09

 

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