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Need for Reduced Healthcare Outlays Creates Strong Growth Potential for Medical Imaging Services, Says Frost & Sullivan
Date:6/28/2012

LONDON, June 28, 2012 /PRNewswire/ -- The European medical imaging services market is highly fragmented, intensely competitive and beset with pricing pressures. The expansion of service portfolios to include new, customised service structures will be critical to keeping in sync with evolving consumer needs. The most important challenge for market participants will be to conflate a global view with a local approach that addresses specific country market requirements.

New analysis from Frost & Sullivan (http://www.medicalimaging.frost.com), Service Opportunities for Medical Imaging Market of Europe, comprising mobile imaging services, maintenance services and managed equipment services (MES), finds that the market earned revenues of $6.13 billion in 2010 and estimates this to reach $10.1 billion in 2017.

"The entire value chain offered by MES providers proves itself economically viable by reducing the capital outflow when distributed over a number of years," notes Frost & Sullivan Research Analyst Kaavya Karunanithi. "There has been tremendous improvement in the spectrum of services offered in the last few years."

Expanded service portfolios offering competitive, customised solutions catering to the demands of all user groups have benefited market growth. Services have been extended to cover all aspects related to medical equipment such as procurement, installation, maintenance, user training, insurance, upgrades, financial planning, performance monitoring and asset management. The resultant reduction in equipment downtime and distribution of capital asset investment over a period of time has enabled capital savings of 15- 20 per cent.

"There has been an increase in the range of services offered by service providers including fixed contract deals by third party providers, asset management and financial planning, managed services, training and upgrades, managed eq
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SOURCE Frost & Sullivan
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