Global Industry Analysts has released its projections for the Medical Imaging Industry. Forecasts show:

Medical ultrasound equipment services: $6.2 billion by 2012
Boosting growth opportunities are product innovation and technological advancements such as 3D and 4D. Miniaturization of ultrasound devices and continued incorporation of system electronics into ultrasound technology is another visible trend in the market. The portable ultrasound equipment market should grow rapidly. Cardiology ultrasound equipment represents the fastest growing end use segment driven by the need for replacing aging equipment and upgrading of the equipment to new advanced technologies.


3D Medical imaging market: $3.9 billion by 2012
A principal factor driving growth in 3D medical imaging is technological advancement in modalities with accurate visualization techniques, particularly for PC-based workstations. A person suffering from a trauma can be imaged with the help of CT scanner, while breast cancer, for example, can be identified with techniques such as ultrasound and mammography. The U.S. represents 34.6 percent market share, but MRI, CT and Ultrasound are forecasted for impressive growth.

Medical imaging equipment services: $9.3 billion by 2012
A declining economy and medical spending cuts continue to pressure this market, particularly with service and maintenance contracts; yet, downtime risk portends revenue loss. Service providers are forced to adopt new survival strategies. Price competition has had a severe effect on the medical imaging equipment service providers, particularly independent service organizations, which are acquisition targets for large OEMs. The U.S. holds 47 percent of the market with Asia-Pacific growing fast. Germany has the largest European market share with Spain expanding. Leaders are GE Healthcare, Hitachi Medical Corporation, Siemens Healthcare, Philips Medical Systems and Toshiba Medical Systems.

Mammography equipment services: $1.1 billion by 2015
Global screening standards for incidences of breast cancer influence market growth. The U.S. and Europe account for 80% share. Digital equipment, using thermal mapping and optical imaging, is expected to show most growth. The mammography equipment market is concentrated and dominated by leading players such as GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation and Hologic, Inc.

Neurostimulation market: $5.2 billion by 2012

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