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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.

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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"The one-size fits all approach is no longer applicable as customers seek a more personal approach and customised service solutions," says Munshi.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 inf
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SOURCE Frost & Sullivan
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