DIAGNOSTIC IMAGING MARKET TO GROW AT 9% RATE, TOP $20 BILLION BY 2000, LED BY CONTRAST MEDIA, NEW MODALITIES.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Paced by growth in contrast media and new modalities like MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. and ultrasound, worldwide diagnostic imaging equipment sales will grow from $12.2 billion in 1993 to over $22 billion in the year 2000 at a 9 percent compound annual rate, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new study just released by Frost & Sullivan. Contrast media will increase its share of market revenues from 24 percent in 1993 to 36 percent by 2000 while the share of traditional X-ray equipment declines from 27 to 19 percent in the same period, forecasts the report, WORLD DIAGNOSTIC IMAGING COMPANY PROFILES: AN IN-DEPTH LOOK AT 76 COMPANIES. Contrast media growth is being driven by its increasing use in new modalities such as ultrasound and MRI, aided by regulatory approval of several agents for these modalities in recent years. As of the year 2000, MRI equipment will account for some 15 percent of market revenues, ultrasound equipment 14 percent and computed tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. 6 percent. Other modalities include single-photon emission computed tomography (SPECT SPECT single-photon emission computed tomography. SPECT abbr. single photon emission computed tomography SPECT, n See single photon emission computer tomography. ), positron emission tomography positron emission tomography: see PET scan. positron emission tomography (PET) Imaging technique used in diagnosis and biomedical research. (PET) and bone densitometry bone densitometry (bōnˑ den·si·t . Other associated segments include picture archiving and communication systems (PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. ) and teleradiology. The future of radiology will be in integrated systems as interconnectivity and digitalization digitalization /dig·i·tal·iza·tion/ (dij?i-tal-i-za´shun) the administration of digitalis or one of its glycosides in a dosage schedule designed to produce and then maintain optimal therapeutic concentrations of its cardiotonic contribute to a network of compatible and communicating modalities like those made possible through PACS. Technological improvements, particularly in MRI, ultrasound, CT and nuclear medicine, have aimed at improving the speed, quality and accuracy of tests and thus the cost-effectiveness of their systems. Specific advances include helical scanning helical scanning Spiral computed tomography, see there in CT, fast spin echo In nuclear magnetic resonance, spin echo refers to the refocusing of precessing nuclear spin magnetisation by a 180° pulse of resonant radiofrequency. The NMR signal observed following an initial excitation pulse (orange in diagram) decays with time due to both in MRI and color flow Doppler color flow Doppler Angiodynography Imaging A diagnostic procedure that uses ultrasound to image arteries–which show as red and veins–blue, to identify vascular obstruction in ultrasound. Cost-effectiveness will be a major competitive factor as major markets try to constrain spiraling healthcare costs. Vendors will respond increasingly to evolving customer requirements by providing enhanced flexibility and versatility, improving cost-effectiveness, adding upgradability and interconnectivity along with digitalization. The market is dominated by a handful of multinationals that participate in every major segment and sustain their leadership position with breadth of product range and resources invested in research and development. Niche marketing, however, allows many smaller firms to compete successfully against the diversified global giants. Smaller vendors position themselves as niche marketers specializing exclusively in technological and geographic niches, dedicating their R&D resources to one specific product or technology and building name recognition as an expert in that field. In addition to the imaging segments named above, the study also profiles firms within fast-growing related image management system areas such as board level systems, laser scanners and digital imaging computer systems. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Report: 689-50 Publication Date: 1994 Price: $1595 Total Diagnostic Imaging Equipment Market: Revenue Forecasts (World), 1990-20003-1 Total Diagnostic Imaging Equipment Market: Revenue Forecasts (World), 1990-2000gures Revenue RevenuesGrowth Rate Year ($ Billion) (%) 1990 9.95 --- 1991 10.72 7.7 1992 11.36 6.0 1993 12.23 7.6 1994 13.14 7.5 1995 14.24 8.4 1996 15.64 9.8 1997 17.08 9.2 1998 18.66 9.3 1999 20.46 9.6 2000 22.55 10.2 Compound Annual Growth Rate (1993-2000): 9.1% Note: All figures are rounded. Source: Frost & Sullivan CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 171 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 171 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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