U.S. Medical Imaging Services Markets

The medical imaging equipment services market is undergoing significant changes due in large part to an increase in the installed base for magnetic resonance (MR) and positron emission tomography (PET) devices sectors. Over the forecast period, these modalities are expected to rise 50 percent and 400 percent respectively, translating into greater servicing revenues. Moreover, installed equipment growth is projected to emerge as a powerful driver bolstering the industry’s growth.

This Frost & Sullivan analysis offers a comprehensive guide to the U.S. medical imaging services markets. By providing in-depth insight into emerging trends and supplying strategic recommendations, this study affords your firm the opportunity to improve its bottom line.

Equipment Complexity Gives OEMs A Competitive Advantage

Computer technology is a significant part of diagnostic imaging equipment. As this technology increases in complexity, so will the intricacy of imaging equipment. This evolution will be a key benefit to original equipment manufacturers (OEMs) as they are responsible for device design. Consequently, OEMs have a leading role when it comes to understanding the servicing of the equipment.

"By law, OEMs are required to give purchasers enough information about the system to be able to maintain and repair it. However, OEMs have developed diagnostic tools that provide a speed advantage over competitors that are not equipped with these instruments," states the study’s analyst.

Stable Repair Rates Open New Revenue Opportunities

Many end users consider equipment servicing to be a commodity. The most important difference between one service provider and another is price. Consequently, service providers have lowered prices in an attempt to undercut one another in order to secure contracts.

"This trend has instilled in end users an almost Pavlovian expectation that the end of a contract will bring a reduction in rates or at least stable rates for a new contract. It is difficult for service providers to raise contractual rates, as this would invite competition. Thus, increasing revenues must come through other channels," says the author.

This Frost & Sullivan analysis highlights challenges within the rapidly evolving medical imaging services markets, enabling your company to strategically plan for future success.

1. Executive Summary

A. Executive Summary

1. Executive Summary

2. Total Medical Imaging Equipment Services Market

A. Overview

1. Introduction

2. Total Revenue Forecast

3. Market Share Analysis

4. Market Engineering Measurements

B. Equipment Services Market Revenues by Modality

1. Introduction

2. General Radiography Revenues

3. Low-End General Radiography Revenues

4. Portable Radiography Revenues

5. General Fluoroscopy Revenues

6. Angiography Revenues

7. Cardiology Revenues

8. Mammography Revenues

9. Mobile C-Arm Revenues

10. Computed Tomography Revenues

11. Ultrasound Revenues

12. Low-End Ultrasound

13. Magnetic Resonance Revenues

14. Positron Emission Tomography Revenues

15. Gamma Camera Revenues

C. Challenges

1. Impact of Industry Challenges

2. End-Users Expect Stable or Falling Contractual Repair Rates

3. Resistance to Paradigm Shift Inhibits Growth in Asset Management Market

4. Increased Sophistication of Imaging Equipment Confronts Service Engineers

D. Strategies

1. Strategies Addressing Industry Challenges

2. Continue to Invest in Information Technology

3. Provide Top Level Value-Added Services During Warranty Period

4. Partner with Vocational Schools to Ensure an Adequate Supply of Service Engineers

5. Develop a Spare Parts Consortium to Develop and Acquire Economical Parts

E. Awards

1. Product Innovation Award

2. ISO Market Leadership Award

3. Market Penetration Award

4. Customer Service Leadership Award

3. OEM Medical Imaging Equipment Services Market

A. Market Overview

1. Introduction

2. Market Drivers

3. Market Restraints

4. OEM Revenue Forecast

5. Market Engineering Measurements

B. Competitive Analysis

1. Competitive Structure

2. Market Share Analysis

4. ISO Medical Imaging Equipment Services Market

A. Market Overview

1. Introduction

2. Market Drivers

3. Market Restraints

4. ISO Revenue Forecast

5. Market Engineering Measurements

B. Competitive Analysis

1. Competitive Structure

2. Market Share Analysis

5. CE Medical Imaging Equipment Services Market

A. Market Overview

1. Introduction

2. Market Drivers

3. Market Restraints

4. CE Revenue Forecast

5. CE End-User Study

List of Figures

Chapter 2

Total Medical Imaging Equipment Services Market: Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Percent of Revenues by Service Organization (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Market Share by Revenues (U.S.), 2001

Medical Imaging Equipment Services Market: General Radiography (Hospital, Imaging Center, and Surgery Center) Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: General Radiography (Physician’s Office, Chiropractor’s Office, Veterinary Practice) Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Portable Radiography Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: General Fluoroscopy Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Angiography Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Cardiology Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Mammography Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Mobile C-Arms Revenue Forecasts (U.S.),
1998-2008

Medical Imaging Equipment Services Market: Computed Tomography Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Ultrasound (Hospital, Imaging Center, and Surgery Center) Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Ultrasound (Private Physician, Group Practice) Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Magnetic Resonance Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Positron Emission Tomography Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Gamma Camera Revenue Forecasts (U.S.), 1998-2008

Medical Imaging Equipment Services Market: Top Industry Challenges (U.S.), 2002-2008

Medical Imaging Equipment Services Market: Strategies Addressing Market Challenges (U.S.), 2002-2008

Chapter 3

OEM Medical Imaging Equipment Services Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2008

OEM Medical Imaging Equipment Services Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2008

OEM Medical Imaging Equipment Services Market: Revenue Forecasts (U.S.), 1998-2008

OEM Medical Imaging Equipment Services Market: Competitive Structure (U.S.), 2001

OEM Medical Imaging Equipment Services Market: Company Market Share by Revenues (U.S.), 2001

Chapter 4

ISO Medical Imaging Equipment Services Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2008

ISO Medical Imaging Equipment Services Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2008

ISO Medical Imaging Equipment Services Market: Revenue Forecasts (U.S.), 1998-2008

ISO Medical Imaging Equipment Services Market: Competitive Structure (U.S.), 2001

ISO Medical Imaging Equipment Services Market: Company Market Share by Revenues (U.S.), 2001

Chapter 5

CE Medical Imaging Equipment Services Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2008

CE Medical Imaging Equipment Services Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2008

CE Medical Equipment Services Market: Revenue Forecasts (U.S.), 1998-2008