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Palo Alto, CA, United States, 11/07/2007 – Americans’ lifestyle choices and the resulting increase in obesity rates and incidences of heart disease are major drivers for the cardiovascular X-ray imaging equipment market. Combined with continuous technological advancements in existing systems, X-ray equipment is an attractive choice for clinicians to treat the rapidly increasing number of people with cardiovascular disease.
New analysis from Frost & Sullivan (medicalimaging.frost.com), North American Cardiac and Vascular X-ray Equipment Markets, finds that these markets earned revenues of $765.4 million in 2006 and estimates this to reach $894.4 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American Cardiac and Vascular X-ray Equipment Markets, then send an email to Melina Trevino - Corporate Communications at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
"New and innovative technological advancements make it possible to thoroughly examine patients of all sizes, improving both workflow and diagnostic confidence for clinicians," notes Frost & Sullivan Research Analyst Samantha Barbosa. "Strong procedural growth within the market will continue to drive the market, helping offset the competition posed by other imaging modalities."
However, growth in procedural volumes alone will not sustain market growth, particularly with computed tomography (CT) being increasingly utilized as a diagnostic tool. Although there have been some end-user concerns about the use of CT, these have now been addressed to satisfaction, while its impact on clinical outcomes is currently being assessed. Therefore, CT will continue to be a strong contender in the imaging space.
Alongside advancements in the X-ray market, there continues to be significant progress on the CT side as well as discoveries in alternative, non-invasive therapies. New procedures, combined with a strong understanding of clinical needs, hold the key to attaining healthy market growth.
In fact, there is a distinct trend among end users within this market to use less invasive techniques, causing the interventional side to swell. Given the constant possibility of reimbursement cuts, it is important for clinicians to focus on the interventional side. In turn, vendors should continue being innovative and supply clinicians with interoperable systems similar to those in the multipurpose labs.
"X-ray medical imaging is overcoming the battle against proposed cuts in imaging reimbursement in addition to being a competitive choice in medical diagnostics," says Barbosa. "Advancements in 3D imaging and enhancements to the multipurpose lab will also help the cardiovascular X-ray market stay abreast of the competition."
North American Cardiac and Vascular X-ray Equipment Markets is part of the Medical Imaging Growth partnership Services program. This particular study provides a comprehensive overview of the cardiac and vascular x-ray equipment market in North America and includes unit shipment, market drivers and restraints, and estimated growth rates based on technology. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.
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