Image Technology News - November 2008 - (Page 38)

> > special report Imaging Market Recovers by 2010 The imaging market faces a temporary struggle. by Sarah Chapdelaine, BBA, and Kamran Zamanian, Ph.D., iData Research Inc. D espite the current decline triggered by the Deficit Reduction Act (DRA), the U.S. medical imaging market is expected to recover by 2010. In 2008, the medical imaging market was valued at over $9.2 billion, growing at an associated CAGR of 4.2 percent by 2015. While this market is suffering from both a significant decline in reimbursement and the effects of an economic recession, technological advancements and new clinical applications continue to help drive the sales of medical imaging equipment. X-Ray imaging The U.S. X-ray market, including general analog, CR, DR, cardiovascular, fluoroscopy and mammography systems, was valued at over $2.6 billion in 2008. Digital technology is the main driving force behind this market. Within general Xray, the analog market is declining the most, the digital radiography market is experiencing the highest growth and the computed radiography market is expected to remain flat. The digital mammography market is estimated to exhibit the highest growth in 2008 and the cardiovascular X-ray market is set to grow at a steady CAGR of 3.2 percent over the forecast period. While the use of fluoroscopy systems is increasing, the value of the market is being offset by a decline in price, causing it to remain flat. All segments aside from cardiovascular systems are expected to exhibit price declines throughout the forecast period. This downward price pressure is due to intensified competition and the high cost of the systems. Magnetic resonance imaging The overall MRI system market was valued at over $1.7 billion in the U.S in 2008. The MRI market was one of the most heavily affected by the DRA. This covers low-, mid- and high-field MRI systems, as well as open and intra-operative systems. As a result of the DRA, all markets, with the exception of intra-operative MRI, are expected to exhibit a decline in growth from 2007 to the end of 2009, as well as continuous declines in pricing throughout the forecast period. The reason why the intra-operative MRI market has avoided these pressures is that it is a niche market still in its early stages of growth. While the mid-field segment is by far the largest MRI market, there is a definite trend toward high-field systems. The low field market is forecasted to decline through to 2015 at a CAGR of -10.7 percent, the midfield and open MRI markets are expected to remain flat, and the high field market is expected to almost double by 2015 to over $814 million. > > Top Radiology Growth Sectors medical imaging to recover by 2010 Despite rising imaging utilization, the medical imaging market is struggling due to the DRA, precertification requirements and maturing markets. In 2009, however, smaller hospitals lead MRI, CT acquisitions, cardiac PET/CT adoption widens and teleradiology meets demands for U.S. image interpretation. Ultrasound imaging Imaging Market Recovers by 2010 PET/CT Targets MPI Small Hospitals, Big Gains Teleradiology Growth Comes of Age 38 39 40 41 The U.S. ultrasound imaging market is expected to reach $1.6 billion by 2015. This market is broken down into three traditional segments: cardiology, radiology, and OB/GYN, as well as a specialty segment, which includes markets such as vascular, urology and breast dedicated ultrasound. The hand-carried ultrasound market is, however, expected to experience the fastest growth in the entire medical imaging market at an impressive CAGR of over 20.7 percent. Both the cardiology and radiology markets have reached maturity and will remain flat over the forecast period. The OB/GYN ultrasound market is still exhibiting moderate growth and is Imaging Market continued on page 43 Nov/Dec 2008 > special report > 38 http://new.reillycomm.com/imaging/special-report-b.php

Table of Contents Feed for the Digital Edition of Image Technology News - November 2008

Image Technology News - November 2008 Contents RSNA CT Systems Imaging An Image is Worth a Thousand Words Ultrasound Systems MBI Takes on FFDM Trouble in Multi-PACS Paradise When is Appropriateness Criteria Appropriate? RIS/PACS in a Web 2.0 World Digital Mammography Helps Center Continue its Commitment to the Best in Patient-Focused Breast Cancer Cardiovascular Imaging Systems PARCA Extends Expertise to World PACS Market

Image Technology News - November 2008

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