Ultrasound, nuc med on the upswing:
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
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
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
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