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European Diagnostic Imaging System Market Will Grow Modestly To Almost $2.2 Billion In 2017
Date:2/14/2013

TORONTO, Feb. 14, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the increasing elderly population and rising prevalence of unhealthy lifestyles in Europe will drive demand for diagnostic imaging procedures. Although the effects of the European debt crisis will continue to somewhat limit the market by delaying capital equipment purchases in the next few years, economic conditions will gradually recover after 2013. As aging systems are finally replaced and more facilities purchase high-end imaging systems, system revenues will accelerate, with the magnetic resonance imaging (MRI) and computed tomography (CT) system markets growing the fastest through 2017.

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Higher-end systems are being acquired in these segments, particularly in the CT system market, because they offer advanced features and more accurate images. In addition to higher-quality images, facilities will also seek to purchase premium systems with better dose management features—an important consideration given the medical imaging community's ongoing focus on reducing radiation doses.

Similarly, the market will show an ongoing shift in preference for higher-end direct radiography (DR) X-ray systems as facilities try to become more efficient.  

"The shift to DR X-ray systems is somewhat of a double-edged sword," said MRG Analyst Felix Lam . "These premium systems are fueling revenues, but their efficiency in patient throughput also means that one DR system can replace multiple analog and computed radiography systems."

The European diagnostic imaging system market is led by multisegment vendors GE Healthcare, Siemens Healthcare and Philips Healthcare, which compe
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SOURCE Millennium Research Group
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