Tag Archives: Siemens Healthcare

Medical Equipment Servicing Industry will reach High till 2017

Penny-pinching hospitals eager to get more life out of their medical equipment, an aging U.S. populace needing more treatments and a growing installed base for MRI and PET machines will help drive the global medical imaging equipment service industry to $12.35 billion by 2017, according to a new market research teaser.

Global Industry Analysts Inc. said in an announcement last week that the business of repairing and maintaining PET, ultrasound, X-ray, MRI and CT scanners would continue to expand, especially in the Asia-Pacific region, the fastest growing world market, which enjoys a compound annual growth rate of 6.71 percent.
However, the United States is still the largest market, with Europe a “distant second,” the company said. For instance, 48 of the 70 companies profiled by the firm are in the U.S., with only 12 in Europe. (Asia also has 12 companies.)

Diagnostic Imaging Market expected to reach $830 Million by 2016

Millennium Research Group (MRG) predicts that the Indian market for diagnostic imaging systems will see a strong growth rate in the coming years and would grow at an average rate of nearly nine per cent per year. It also predicts that the market would reach almost $830 million by 2016. Strong growth is expected in the low-end and mid-range systems purchased by small hospitals and facilities in rural areas that did not have imaging capability previously. Higher priced systems for urban facilities transitioning to higher-end CT and MRI systems and from analog to digital X-ray imaging are also expected to grow rapidly.