Navigation Links
Encouraging Prospects for Medical Imaging Equipment Services in Europe
Date:12/2/2008

LONDON, Dec. 2 /PRNewswire/ -- Services form an integral part of most of original equipment manufacturers' (OEMs') revenues. It has therefore become essential for service providers in the European medical imaging services market to remain competitive and constantly improve their services and contract penetration rates.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

New analysis from Frost & Sullivan (http://www.medicalimaging.frost.com) European Medical Imaging Equipment Services Market, finds that the market earned revenues of $1.52 billion in 2007 and estimates this to reach $1.98 billion in 2014.

"The increase in high-end modality installations will spur growth in the related services market," notes Frost & Sullivan Research Analyst Smruti Munshi. "In particular, the expansion in high-end modality installations for magnetic resonance imaging (MRI) and computed tomography (CT) is a solid driver for the European medical imaging equipment services market."

As hospitals and other healthcare organisations want to keep pace with new developments and maintain state-of-the-art equipment, they opt for timely software and hardware upgrades. They also want to be prepared for the anticipated increase in the number of applications and improvements in diagnosis and image quality.

"The one-size fits all approach is no longer applicable as customers seek a more personal approach and customised service solutions," says Munshi. "The different healthcare scenarios where medical imaging is performed should be studied properly by service providers to plan flexible service contracts."

The installation of high-end modalities such as CT and MRI in hospitals requires specially planned and equipped rooms with designed infrastructure. Thus, consultancy, installation and commissioning generate considerable expenditure, above and beyond the cost of the hardware.

There is also a need to train staff for effective usage of the equipment, particularly when upgrades occur or new software is installed. Training is therefore an important area from which OEMs derive their revenues.

"Developing a consultative and flexible approach towards end users is important as the medical imaging equipment market becomes saturated," states Munshi. "Service providers can reduce the scepticism and cynicism of customers about buying comprehensive service contracts by taking a consultative approach to the provision of services."

An ideal way of tackling this market would be to review agreements and offer innovative solutions at every stage of the service cycle. Service contracts should be customised by reviewing an imaging department's set up, equipment and usage levels.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the European medical imaging equipment services market, then send an e-mail to Patrick Cairns, Corporate Communications, at pcairns_pr@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

European Medical Imaging Equipment Services Market is part of the Medical Imaging Growth Partnership Service programme, which also includes research in the following markets: mammography, radiology PACS and ultrasound. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership(TM) 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. For more information about Frost & Sullivan's Growth Partnership Services, visit http://www.frost.com.

              European Medical Imaging Equipment Services Market
                                     M295

     Contact:
     Patrick Cairns
     Corporate Communications - Europe & Africa
     P: +27 18 468 2315
     E: patrick.cairns@frost.com

   http://www.frost.com

'/>"/>
SOURCE Frost & Sullivan
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. New electronic health records demonstration project encouraging step says ACP
2. Tubbs Jones Introduces Resolution Encouraging STD Prevention
3. Sanofi-aventis: Encouraging First-Quarter 2008 Results Further Positive Phase III Results for Eplivanserin
4. Health and Fitness Industry Gets Moving on Capitol Hill to Champion Legislation Encouraging Exercise
5. Analysis of cancer incidence, mortality and survival combined reveals encouraging European trends
6. Sanderson Farms Launches New Summer Program Encouraging Families to Get Healthy
7. CoreValve Announces That More Than 1,800 High-Risk Patients Have Been Treated with its ReValving System for Percutaneous Aortic Valve Replacement (PAVR) : Highly encouraging registry data also presented at TCT 2008
8. Hormone Normalization Shows Encouraging Effects In Documented Clinically Deficient Men/Women
9. QLT announces encouraging Phase II data from core study of Punctal Plug Drug Delivery System
10. Bright tumors, dim prospects
11. Clinical Trial Investigators Update Wall Street on Progress and Prospects of Cell Therapeutics, Inc.s Drug Pipeline
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... ... February 05, 2016 , ... Successful recruitment ... new clinical and scientific initiatives have all marked the last 12 months at ... and CEO of the nation’s oldest cancer center, Candace S. Johnson, PhD, outlined ...
(Date:2/5/2016)... York, New York (PRWEB) , ... February 05, 2016 , ... ... life? The answer may be at the tips of your toes. Foot massage, whether ... as well as pure comfort and relaxation. The American Board of Multiple Specialties ...
(Date:2/5/2016)... ... February 05, 2016 , ... US Sports Camps ... in Dover, NH to direct high-performance kids yoga training. ChildLight Yoga Studio is centrally ... one hour from Boston. , ChildLight Yoga Studio founder Lisa Flynn expresses her excitement, ...
(Date:2/5/2016)... ... February 05, 2016 , ... Give To Cure ... search for and donate to Give To Cure’s campaign that is crowdfunding clinical trials ... users make and share payments through a smart device. In 2015 alone, Venmo processed ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... Dr. Justin ... announce their 2nd Annual No Cost Dental Day to individuals in need. The event ... purpose of this No Cost Dental Day is to provide dental care to community ...
Breaking Medicine News(10 mins):
(Date:2/4/2016)... , Feb. 4, 2016  SciClone Pharmaceuticals, Inc. ... it has entered into a settlement agreement with ... fully resolving the SEC,s investigation into possible violations ... the terms of the settlement agreement, SciClone has ... including disgorgement, pre-judgment interest and a penalty.  This ...
(Date:2/4/2016)... Feb. 4, 2016 Global Immunology Market ... to drive long-term market growth Summary ... of chronic disorders that affect 5–7% of western ... of their symptoms and key patient demographics, they ... immune pathways and an inappropriate immune response. Generally, ...
(Date:2/4/2016)... DIEGO, Feb. 4, 2016  Aethlon Medical, Inc. ... affinity biofiltration devices to treat life-threatening diseases, today ... 2016 ended December 31, 2015. ... objectives set forth in our last quarterly call, ... reinforce our long-term objective to establish the Aethlon ...
Breaking Medicine Technology: