Increasing demand from hospital equipment for higher precision levels, are likely to see semiconductor manufacturers competing to offer the most innovative and flexible processors and data converters.
Hospitals are opting for sophisticated data storage and data processing equipment for better and faster access and process times. Since most of these high-end medical systems are one time investments with low non-recurring costs, capability to handle upgrades to other components in the system has become all the more crucial to increase sales.
“The technological developments taking place in the healthcare industry have been quite significant,” says Frost & Sullivan Research Analyst Aditya Prasad. “This calls for upgraded versions of available semiconductor products that push vendors to re-innovate their existing product line.”
New analysis from Frost & Sullivan, World Market for Semiconductors in Hospital Equipment, reveals that the total revenues obtained by semiconductor vendors from hospital equipment applications in the year 2004 was nearly $1 billion and expects to grow to $1.57 billion dollars by the year 2008.
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 World Market for Semiconductors in Hospital Equipment, then send an e-mail to Tori Foster, Corporate Communications, at tori.foster[.]frost.com, with the following information: your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
The majority of the revenues generated from the medical imaging modalities market in the United States were $1.20 billion primarily because these systems demand very high-end semiconductor products with greater average costs.
Designing equipment that helps in quicker diagnostics will also provide semiconductor vendors with new avenues for growth, increase the unit shipments and will ultimately offset falling profit margins.
With cheaper labor available in countries such as China and India in the Southeast Asian region, cutting in-house costs and outsourcing is taking priority. Such strategies are expected to meet the growing competition and reduce prices for increasing the reach to a much more diverse customer base.
Reduction in the time to market is also likely to be a key competitive strategy in the coming years. In this context, the field programmable gate arrays (FPGAs) are set to gain market share due to greater flexibility that makes it ideal for high priced and low volume products.
“Since OEMs demand equipment at fairly short notice, products such as FPGAs are at a competitive advantage as compared to mixed signal application-specific integrated circuits (ASICs) that usually have a longer product development time,” observes Prasad.
With the increase in density, flexibility and high performance the FPGAs provide the system-on-chip capabilities to drive the next generation systems. They also have an edge over other devices in terms of managing the supply and inventory problems.
“Efficient marketing is likely to play a major role for FPGAs, since they are up against well established technologies globally such as digital signal processors and OEMs of medical systems,” concludes Prasad.
World Market for Semiconductors in Hospital Equipment, part of the 9952 subscription, analyzes and forecasts the semiconductor market for hospital equipment, segmenting it into FPGAs, digital signal processors (DSPs), data converters and mixed signal ASICs. It discusses the various market trends and opportunities while providing in-depth analysis of market share, revenue forecasts, market drivers and restraints. Executive summaries and analyst interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
World Market for Semiconductors in Hospital Equipment
Keywords in this release: hospital equipment, semiconductor, original equipment manufacturers, OEMs, medical imaging modalities, field programmable gate arrays, FPGAs, application-specific integrated circuits, ASICs, mixed signal ASICs, digital signal processors, DSPs, data converters, research, information, market, trends, technology, service, forecast, market share