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Frost & Sullivan Analyzes Medical Imaging Equipment Preferences Among U.S Radiology Directors - Survey reveals most healthcare institutions are loyal to a few select manufacturers - MedTech.Frost.com
Frost & Sullivan Analyzes Medical Imaging Equipment Preferences Among U.S Radiology Directors

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2013/08/13 - Survey reveals most healthcare institutions are loyal to a few select manufacturers - MedTech.Frost.com.

   
 
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Among the U.S. medical imaging equipment surveyed by Frost & Sullivan, including general radiography, ultrasound and capital imaging; picture archiving and communications; and imaging IT hardware/middleware, the research shows these markets are fairly homogenous as primarily dominated by single brands. The gap between the leading manufacturer and runner-up's market share, on average, is 15 percentage points. Established medical imaging equipment brands account for at least 25 percent of the market in their respective segments, and leading capital imaging equipment manufacturers top the list with as much as 55 percent of the market share.

The 2012 United States Radiology Directors' Choice: Medical Imaging Equipment research from Frost & Sullivan (medtech.frost.com) features a detailed description of these figures. The analysis surveyed 152 North American radiology directors, executives and managers working for hospital-based radiology departments to assess preferences regarding department use of medical imaging equipment and services.

For more information on this research, please email Jennifer Carson, Corporate Communications, at jennifer.carson[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

A majority of the survey respondents noted their institutions followed the preferred vendor model, where the bulk of the equipment is purchased from two or three select manufacturers.

"Given that 76 percent of those surveyed represent hospitals that are affiliated with other hospital groups, it is not surprising that more structured purchase processes are established," said Frost & Sullivan Customer Research Director Tonya Fowler. "Furthermore, the vendor selection process is primarily shared by leading members within radiology departments and possibly beyond the walls of a single hospital. Yet, it is those in the role of radiology director that have the most authority, as 39 percent are sole decision makers."

To a large degree, across the spectrum of facility, bed size or imaging volume, respondents' responses did not indicate any stark variations in brand perception or utilization. Top brands used in various market segments were often reflective of general industry market share trends.

In terms of specific brands, GE Healthcare was identified as having a strong competitive advantage with high levels of usage. In most cases, customers across categories had a more robust perception of the GE brand than its competitors.

"Overall, the top brands used within radiology departments are widespread," concluded Fowler. "Therefore, vendors looking to displace entrenched market leaders need to clearly identify who the true decision makers are and approach those with the most authority, armed with focused messages to showcase their differentiated factors from the incumbent brands."

The 2012 United States Radiology Directors' Choice: Medical Imaging Equipment Customer Research analysis is part of the Advanced Medical Technologies Growth Partnership Service program. The research assesses North American radiology directors' preferences regarding the use of medical imaging equipment and services, the titles of medical equipment purchasers with the highest levels of purchasing influence within radiology departments, and the primary and secondary brands of medical imaging equipment and services.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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2012 United States Radiology Directors' Choice: Medical Imaging Equipment / NBE5-54

 
 
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Frost & Sullivan Analyzes Medical Imaging Equipment Preferences Among U.S Radiology Directors

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Frost & Sullivan | Medical Imaging
Contact: Jennifer Carson - Frost.com 
210-247-2450 jennifer.carson[.]frost.com
 
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