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Diagnostic Imaging Market to 2017 - Fusion Technology to Increase Adoption Rates of Hybrid Imaging Systems

GBI Research
January 6, 2012
146 Pages - SKU: XGBR6746085

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Diagnostic Imaging Market to 2017 - Fusion Technology to Increase Adoption Rates of Hybrid Imaging Systems

Summary

GBI Research’s report, “Diagnostic Imaging Market to 2017 - Fusion Technology to Increase Adoption Rates of Hybrid Imaging Systems” provides information and analysis on the global diagnostic imaging market. The report provides market landscape, competitive landscape and market trends information on Computed Tomography (CT) systems, mammography equipment, Magnetic Resonance Imaging (MRI) systems, nuclear imaging systems, ultrasound systems, X-ray systems, bone densitometers, C-arms, angio suites and contrast media injectors. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape and the profiles of companies operating in these geographies.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Scope

Key geographies covered include the US, Canada, Germany, France, the UK, Spain, Italy, Japan, China, India, Australia and Brazil.
The categories included are Computed Tomography (CT) systems, mammography equipment, Magnetic Resonance Imaging (MRI) systems, nuclear imaging systems, ultrasound systems, X-ray systems, bone densitometers, C-arms, angio suites and contrast media injectors.
The report includes details about the key drivers and restraints that are shaping the global diagnostic imaging market. The report also includes company shares of important companies in each category of the diagnostic imaging market.
The report also covers information on the leading market players and the competitive landscape.

Reasons to buy

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Design and develop your product development, marketing and sales strategies.
Capitalize on M&A opportunities by identifying key companies.
Develop market entry and market expansion strategies.
Identify the key companies that are best positioned to take advantage of emerging market opportunities.
Exploit in-licensing and out-licensing opportunities by identifying the products most likely to ensure a robust return.
Identify, understand and capitalize on the next big thing in the diagnostic imaging market landscape.
Make more informed business decisions from the insightful and in-depth analysis of the diagnostic imaging market and the factors shaping it.

Additional Information

GBI Research’s report, “Diagnostic Imaging Market to 2017 - Fusion Technology to Increase Adoption Rates of Hybrid Imaging Systems” provides information and analysis on the global diagnostic imaging market. The report provides market landscape, competitive landscape and market trends information on Computed Tomography (CT) systems, mammography equipment, Magnetic Resonance Imaging (MRI) systems, nuclear imaging systems, ultrasound systems, X-ray systems, bone densitometers, C-arms, angio suites and contrast media injectors. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape and the profiles of companies operating in these geographies.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Modalities Based on Fusion Technologies to be the Mainstay in the Future

The US Food and Drug Administration’s (FDA) approval of Biograph mMR from Siemens has given the diagnostic imaging industry its first Positron Emission Tomography and Magnetic Resonance Imaging (PET-MRI) system. This trend of fusion of two different modalities will continue to evolve and experts in the diagnostic imaging field feel that it will be the mainstay of imaging in the coming years. Positron Emission Tomography and Computed Tomography (PET-CT) was one of the first outcomes of hybrid technology and has been successfully integrated into radiology. Radiologists have seen tremendous value in combining PET and CT and are using the hybrid modality for diagnosis and treatment planning for radiation therapy. The advantages of combining two different modalities have been manifold. PET-CT has been adopted across the globe due to its advantages in imaging anatomy as well as the physiology of the organs; this has been extremely useful in the imaging of tumors as well as in cardiac imaging.

With the Biograph mMR, Siemens was able to bring together a compact MR system with specialized PET detectors. The PET-MRI system has a 3 Tesla MR that provides the morphological and functional details of human tissue; and PET goes further to investigate the human body at the level of cellular activity and metabolism.

Reimbursement Cuts and Economic Crisis to Negatively Impact the Diagnostic Equipment Market in the US

The diagnostic imaging industry in the US has undergone many upheavals following reimbursement cuts and a decrease in the technical component of physicians’ pay. The Deficit Reduction Act (DRA) put a cap on the technical component of imaging and computer-assisted imaging services performed in physicians’ offices. The reimbursement for the technical component has been limited to the lesser amount of what would be paid under the Hospital Outpatient Prospective Payment System or the Medicare fee schedule. This had a significant impact on individual physicians. Reimbursement cuts, reduction in physician fee schedule and the speculation about bundled payments is having a negative impact on the diagnostic imaging market. The Patient Protection and Affordable Care Act (PPACA) and healthcare and education reconciliation act were passed as laws in 2010. The Medicare Payment Advisory Commission (MedPac) in the US issued broad-ranging criteria for imaging procedures taken up by in-office self-referred physicians and put forward various steps that could curb the self-referral practice.

The reimbursement cuts have negatively affected the growth of the diagnostic imaging market in the US. The diagnostic imaging market in US, which was worth $71.3 billion in 2008, was worth $61.4 billion in 2010. This situation has more or less been attributed to stringent reimbursement cuts, as well as other regulatory and legislative issues that have been introduced as a part of the healthcare reforms.

GE Healthcare Leads the Diagnostic Imaging Market in 2010

Diagnostic Imaging Market, Global, Key Company Share (%), 2010

Source: GBI Research, Company Annual Reports, Investor Presentations, Interviews with Industry Experts and Key Opinion Leaders

GE Healthcare was the leading player in the global diagnostic imaging market in 2010 with a market share of 22%, followed by Siemens (20%) and Philips healthcare (17%). The diagnostic imaging market is dominated by three major companies that occupy more than 59% of the total market. Other important players in this market are Toshiba Medical Systems (9%), Hitachi Medical (4%) and Shimadzu Corporation (2%). The strength of the three big established companies lies in the fact that they have broad product portfolios and adequate depth in the product range.

Demand in Emerging Countries will Compensate for Market Saturation in the Developed Countries

The demand for diagnostic imaging in emerging countries will compensate for the saturated market conditions in the US and European region. The diagnostic imaging market in the developed countries is a mature market and growth of this market is reaching stagnancy. The economic recession faced by these markets also contributes to the lack of growth. In such a situation, demand generated for diagnostic imaging equipment is less in the developed countries; hospitals either put off making any decisions to acquire new equipment or simply decide not to install equipment.

The emerging markets such as China, India and Brazil, are witnessing a high growth rate in the diagnostic imaging market. The demand for diagnostic imaging equipment will compensate for the low demand in the developed markets. China, with its huge healthcare reforms, is surging ahead as far as new installations are concerned. The healthcare reform plan in China involves building about 30,000 hospitals, mostly in rural areas; these will need new diagnostic imaging equipment. In India, increasing affordability and the establishment of new hospitals in urban areas is creating additional demand for diagnostic imaging equipment. In India, there is a high demand for fast, economical, sophisticated and convenient modern technology. Brazil and China are fast gaining ground as production centers for diagnostic imaging equipment. The importance of emerging markets in the diagnostic imaging market is reflected in the fact that industry giants such as GE Healthcare, Siemens and Philips have all set base in China, India and Brazil and have started production and Research and Development (R&D) centers in these countries. These companies are shifting their focus from the developed countries to emerging countries. They are introducing economically priced products to tap the potential of these markets. As well as introducing low-priced products, companies are also manufacturing diagnostic imaging equipment in China, India and Brazil for local and global use.

1 Table of Contents: 1.1 List of Tables; 1.2 List of Figures
2 Introduction: 2.1 GBI Research Guidance
3 Global Diagnostic Imaging Market - Market Characterization: 3.1 Global Diagnostic Imaging Market, Revenue ($bn), 2003 - 2010; 3.2 Global Diagnostic Imaging Market, Revenue ($bn), 2010 - 2017; 3.3 Global Diagnostic Imaging Market, Key Company Share (%), 2010; 3.4 Global Diagnostic Imaging Market, Key Trends; 3.5 Global Diagnostic Imaging Market: Market Dynamics
4 Global Diagnostic Imaging Market - Category Analysis and Forecasts: 4.1 Ultrasound Systems Market, Global Revenue ($m), 2003 - 2010; 4.2 Ultrasound Systems Market, Global Revenue ($m), 2010 - 2017; 4.3 Ultrasound Systems Market, Global, Key Company Share (%), 2010; 4.4 Ultrasound Systems Market - Market Dynamics; 4.5 Magnetic Resonance Imaging (MRI) Systems Market, Global Revenue ($m), 2003 - 2010; 4.6 Magnetic Resonance Imaging (MRI) Systems Market, Global Revenue ($m), 2010 - 2017; 4.7 Magnetic Resonance Imaging (MRI) Systems Market, Global Key Company Share (%), 2010; 4.8 Magnetic Resonance Imaging (MRI) Systems Market - Market Dynamics; 4.9 X-ray Systems Market, Global Revenue ($m), 2003 - 2010; 4.10 X-ray Systems Market, Global Revenue ($m), 2010 - 2017; 4.11 X-ray Systems Market, Global, Key Company Share (%), 2010; 4.12 X-ray Systems Market - Market Dynamics; 4.13 Computed Tomography Systems Market, Global, Revenue ($m), 2003 - 2010; 4.14 Computed Tomography Systems Market, Global, Revenue ($m), 2010 - 2017; 4.15 Computed Tomography Systems Market, Global Key Company Share (%), 2010; 4.16 Computed Tomography Systems Market - Market Dynamics; 4.17 Nuclear Imaging System Market Global Revenue ($m), 2003 - 2010; 4.18 Nuclear Imaging System Market Global Revenue ($m), 2010 - 2017; 4.19 Nuclear Imaging System Market Global, Key Company Share (%), 2010; 4.20 Nuclear Imaging System Market: Market Dynamics; 4.21 Mammography Equipment Market, Global Revenue ($m), 2003 - 2010; 4.22 Mammography Equipment Market, Global Revenue ($m), 2010 - 2017; 4.23 Mammography Equipment Market, Global Key Company Share (%), 2010; 4.24 Mammography Equipment Market - Market Dynamics; 4.25 Angio Suite Market, Global Revenue ($m), 2003 - 2010; 4.26 Angio Suite Market, Global Revenue ($m), 2010 - 2017; 4.27 Angio Suite Market, Global, Key Company Share (%), 2010; 4.28 Angio Suite Market - Market Dynamics; 4.29 C-arm Market, Global, Revenue ($m), 2003 - 2010; 4.30 C-arm Market, Global, Revenue ($m), 2010 - 2017; 4.31 C-arm Market, Global, Key Company Share (%), 2010; 4.32 C-arm Market - Market Dynamics; 4.33 Bone Densitometers Market, Global Revenue ($m), 2003 - 2010; 4.34 Bone Densitometers Market, Global Revenue ($m), 2010 - 2017; 4.35 Bone Densitometers Market, Global, Key Company Share (%), 2010; 4.36 Bone Densitometers Market - Market Dynamics; 4.37 Contrast Media Injectors Market, Global Revenue ($m), 2003 - 2010; 4.38 Contrast Media Injectors Market, Global Revenue ($m), 2010 - 2017; 4.39 Contrast Media Injectors Market, Global, Key Company Share (%), 2010; 4.40 Contrast Media Injectors Market - Market Dynamics
5 Global Diagnostic Imaging Market - Country Analysis: 5.1 Global Diagnostic Imaging Market: Cross Country Analysis; 5.2 Historic and Forecast Revenue, By Country
6 Global Diagnostic Imaging Market - Comeptitive Assessment and Key Company Profiles: 6.1 Global Diagnostic Imaging Market - Key Company Profiles
7 Global Diagnostic Imaging Market - Pipeline Analysis: 7.1 Ultrasound Systems; 7.2 Magnetic Resonance Imaging Systems; 7.3 X-ray Systems; 7.4 Computed Tomography Systems; 7.5 Nuclear Imaging Equipment; 7.6 Mammography Equipment
8 Global Diagnostic Imaging Market - Consolidation Landscape: 8.1 Deals by Count: 2008-2010; 8.2 Key Deals in 2011(Q1-Q3); 8.3 Key Deals - 2008-2010
9 Appendix: 9.1 Definitions; 9.2 Acronyms; 9.3 Sources; 9.4 Research Methodology; 9.5 Contact Us; 9.6 Disclaimer
1.1 List of Tables: Table 1: Diagnostic Imaging Market, Global, Revenue ($bn), 2003 - 2010; Table 2: Diagnostic Imaging Market, Global, Revenue ($bn), 2010 - 2017; Table 3: Diagnostic Imaging Market, Global, Key Company Revenue ($m), 2010; Table 4: Ultrasound Systems Market, Global, Revenue ($m), 2003 - 2010; Table 5: Ultrasound Systems Market, Global, Revenue ($m), 2010 - 2017; Table 6: Ultrasound Systems Market, Global, Key Company Revenue ($m), 2010; Table 7: Magnetic Resonance Imaging (MRI) Systems Market, Global, Revenue ($m), 2003 - 2010; Table 8: Magnetic Resonance Imaging (MRI) Systems Market, Global, Revenue ($m), 2010 - 2017; Table 9: Magnetic Resonance Imaging (MRI) Systems Market, Global, Key Company Revenue ($m), 2010; Table 10: X-ray Systems Market, Global, Revenue ($m), 2003 - 2010; Table 11: X-ray Systems Market, Global, Revenue ($m), 2010 - 2017; Table 12: X-ray Systems Market, Global, Key Company Revenue ($m), 2010; Table 13: Computed Tomography Systems Market, Global, Revenue ($m), 2003 - 2010; Table 14: Computed Tomography Systems Market, Global, Revenue ($m), 2010 - 2017; Table 15: Computed Tomography Systems Market, Global, Key Company Share (%), 2010; Table 16: Nuclear Imaging Systems Market, Global, Revenue ($m), 2003 - 2010; Table 17: Nuclear Imaging Systems Market, Global, Revenue ($m), 2010 - 2017; Table 18: Nuclear Imaging Systems Market, Global, Key Company Revenue ($m), 2010; Table 19: Mammography Equipment Market, Global, Revenue ($m), 2003 - 2010; Table 20: Mammography Equipment Market, Global, Revenue ($m), 2010 - 2017; Table 21: Mammography Equipment Market, Global, Key Company Revenue ($m), 2010; Table 22: Angio Suite Market, Global, Revenue ($m), 2003 - 2010; Table 23: Angio Suite Market, Global, Revenue ($m), 2010 - 2017; Table 24: Angio Suite Market, Global, Key Company Revenue ($m), 2010; Table 25: C-arm Market, Global, Revenue ($m), 2003 - 2010; Table 26: C-arm Market, Global, Revenue ($m), 2010 - 2017; Table 27: C-arm Market, Global, Key Company Revenue ($m), 2010; Table 28: Bone Densitometer Market, Global, Revenue ($m), 2003 - 2010; Table 29: Bone Densitometer Market, Global, Revenue ($m), 2010 - 2017; Table 30: Bone Densitometers Market, Global, Key Company Revenue ($m), 2010; Table 31: Contrast Media Injectors Market, Global, Revenue ($m), 2003 - 2010; Table 32: Contrast Media Injectors Market, Global, Revenue ($m), 2010 - 2017; Table 33: Contrast Media Injector Market, Global, Key Company Share (%), 2010; Table 34: Diagnostic Imaging Market, US, Revenue ($m), 2003 - 2010; Table 35: Diagnostic Imaging Market, US, Revenue ($m), 2010 - 2017; Table 36: Diagnostic Imaging Market, Canada, Revenue ($m), 2003 - 2010; Table 37: Diagnostic Imaging Market, Canada, Revenue ($m), 2010 - 2017; Table 38: Diagnostic Imaging Market, Germany, Revenue ($m), 2003 - 2010; Table 39: Diagnostic Imaging Market, Germany, Revenue ($m), 2010 - 2017; Table 40: Diagnostic Imaging Market, France, Revenue ($m), 2003 - 2010; Table 41: Diagnostic Imaging Market, France, Revenue ($m), 2010 - 2017; Table 42: Diagnostic Imaging Market, UK, Revenue ($m), 2003 - 2010; Table 43: Diagnostic Imaging Market, UK, Revenue ($m), 2010 - 2017; Table 44: Diagnostic Imaging Market, Italy, Revenue ($m), 2003 - 2010; Table 45: Diagnostic Imaging Market, Italy, Revenue ($m), 2010 - 2017; Table 46: Diagnostic Imaging Market, Spain, Revenue ($m), 2003 - 2010; Table 47: Diagnostic Imaging Market, Spain, Revenue ($m), 2010 - 2017; Table 48: Diagnostic Imaging Market, Japan, Revenue ($m), 2003 - 2010; Table 49: Diagnostic Imaging Market, Japan, Revenue ($m), 2010 - 2017; Table 50: Diagnostic Imaging Market, China, Revenue ($m), 2003 - 2010; Table 51: Diagnostic Imaging Market, China, Revenue ($m), 2010 -2017; Table 52: Diagnostic Imaging Market, India, Revenue ($m), 2003 - 2010; Table 53: Diagnostic Imaging Market, India, Revenue ($m), 2010 - 2017; Table 54: Diagnostic Imaging Market, Australia, Revenue ($m), 2003 - 2010; Table 55: Diagnostic Imaging Market, Australia, Revenue ($m), 2010 - 2017; Table 56: Diagnostic Imaging Market, Brazil, Revenue ($m), 2003 - 2010; Table 57: Diagnostic Imaging Market, Brazil, Revenue ($m), 2010 - 2017; Table 58: Diagnostic Imaging Market, Global, Pipeline Product Analysis, 2010; Table 59: Diagnostic Imaging Market, Global, List of Pipeline Products, Ultrasound Systems, 2010; Table 60: Diagnostic Imaging Market, Global, List of Pipeline Products, MRI Systems, 2010; Table 61: Diagnostic Imaging Market, Global, List of Pipeline Products, X-ray Systems, 2010; Table 62: Diagnostic Imaging Market, Global, List of Pipeline Products, Computed Tomography Systems, 2010; Table 63: Diagnostic Imaging Market, Global, List of Pipeline Products, Nuclear Imaging Equipment, 2010; Table 64: Diagnostic Imaging Market, Global, List of Pipeline Products, Mammography Equipment, 2010
1.2 List of Figures: Figure 1: Diagnostic Imaging Market, Global, Revenue ($bn), 2003 - 2010; Figure 2: Diagnostic Imaging Market, Global, Revenue ($bn), 2010 - 2017; Figure 3: Diagnostic Imaging Market, Global, Key Company Share (%), 2010; Figure 4: Increasing Focus of Diagnostic Imaging Companies in Emerging Markets, 2011; Figure 5: Customized Low-Cost Products Launched/Developed in Emerging Markets, 2011; Figure 6: Emphasis on Low-Dose Radiation - Multi Disciplinary Initiatives, 2011; Figure 7: Elderly Population, Global (millions), 2010-2050; Figure 8: Ultrasound Systems Market, Global, Revenue ($m), 2003 - 2010; Figure 9: Ultrasound Systems Market, Global, Revenue ($m), 2010 - 2017; Figure 10: Ultrasound Systems Market, Global, Key Company Share (%), 2010; Figure 11: Magnetic Resonance Imaging Systems Market, Global, Revenue ($m), 2003 - 2010; Figure 12: Magnetic Resonance Imaging (MRI) Systems Market, Global, Revenue ($m), 2010 - 2017; Figure 13: Magnetic Resonance Imaging (MRI) Systems Market, Global, Key Company Share (%), 2010; Figure 14: X-ray Systems Market, Global, Revenue ($m), 2003 - 2010; Figure 15: X-ray Systems Market, Global, Revenue ($m), 2010 - 2017; Figure 16: X-ray Systems Market, Global, Key Company Share (%), 2010; Figure 17: Key Companies and Brands of Digital Radiography (DR) Systems, 2011; Figure 18: Computed Tomography Systems Market, Global, Revenue ($m), 2003 - 2010; Figure 19: Computed Tomography Systems Market, Global, Revenue ($m), 2010 - 2017; Figure 20: Computed Tomography Systems Market, Global, Key Company Share (%), 2010; Figure 21: Nuclear Imaging Systems Market, Global, Revenue ($m), 2003 - 2010; Figure 22: Nuclear Imaging Systems Market, Global, Revenue ($m), 2010 - 2017; Figure 23: Nuclear Imaging Systems Market, Global, Key Company Share (%), 2010; Figure 24: Mammography Equipment Market, Global, Revenue ($m), 2003 - 2010; Figure 25: Mammography Equipment Market, Global, Revenue ($m), 2010 - 2017; Figure 26: Mammography Equipment Market, Global, Key Company Share (%), 2010; Figure 27: Angio Suite Market, Global, Revenue ($m), 2003 - 2010; Figure 28: Angio Suite Market, Global, Revenue ($m), 2010 - 2017; Figure 29: Angio Suite Market, Global, Key Company Share (%), 2010; Figure 30: C-arm Market, Global, Revenue ($m), 2003 - 2010; Figure 31: C-arm Market, Global, Revenue ($m), 2003 - 2010; Figure 32: C-Arm Market, Global, Key Company Share (%), 2010; Figure 33: Bone Densitometer Market, Global, Revenue ($m), 2003 - 2010; Figure 34: Bone Densitometer Market, Global, Revenue ($m), 2010 - 2017; Figure 35: Bone Densitometers Market, Global, Key Company Share (%), 2010; Figure 36: Contrast Media Injectors Market, Global, Revenue ($m), 2003 - 2010; Figure 37: Contrast Media Injectors Market, Global, Revenue ($m), 2010 - 2017; Figure 38: Contrast Media Injector Market, Global, Key Company Share (%), 2010; Figure 39: Diagnostic Imaging Market, Global, Cross Country Analysis, 2011; Figure 40: Diagnostic Imaging Market, US, Revenue ($m), 2003 - 2010; Figure 41: Diagnostic Imaging Market, US, Revenue ($m), 2010 - 2017; Figure 42: Diagnostic Imaging Market, Canada, Revenue ($m), 2003 - 2010; Figure 43: Diagnostic Imaging Market, Canada, Revenue ($m), 2010 - 2017; Figure 44: Diagnostic Imaging Market, Germany, Revenue ($m), 2003 - 2010; Figure 45: Diagnostic Imaging Market, Germany, Revenue ($m), 2010 - 2017; Figure 46: Diagnostic Imaging Market, France, Revenue ($m), 2003 - 2010; Figure 47: Diagnostic Imaging Market, France, Revenue ($m), 2010 - 2017; Figure 48: Diagnostic Imaging Market, UK, Revenue ($m), 2003 - 2010; Figure 49: Diagnostic Imaging Market, UK, Revenue ($m), 2010 - 2017; Figure 50: Diagnostic Imaging Market, Italy, Revenue ($m), 2003 - 2010; Figure 51: Diagnostic Imaging Market, Italy, Revenue ($m), 2010 - 2017; Figure 52: Diagnostic Imaging Market, Spain, Revenue ($m), 2003 - 2010; Figure 53: Diagnostic Imaging Market, Spain, Revenue ($m), 2010 - 2017; Figure 54: Diagnostic Imaging Market, Japan, Revenue ($m), 2003 - 2010; Figure 55: Diagnostic Imaging Market, Japan, Revenue ($m), 2010 - 2017; Figure 56: Diagnostic Imaging Market, China, Revenue ($m), 2003 - 2010; Figure 57: Diagnostic Imaging Market, China, Revenue ($m), 2010 -2017; Figure 58: Diagnostic Imaging Market, India, Revenue ($m), 2003 - 2010; Figure 59: Diagnostic Imaging Market, India, Revenue ($m), 2010 - 2017; Figure 60: Diagnostic Imaging Market, Australia, Revenue ($m), 2003 - 2010; Figure 61: Diagnostic Imaging Market, Australia, Revenue ($m), 2010 - 2017; Figure 62: Diagnostic Imaging Market, Brazil, Revenue ($m), 2003 - 2010; Figure 63: Diagnostic Imaging Market, Brazil, Revenue ($m), 2010 - 2017; Figure 64: Diagnostic Imaging Market, Global, Competitive Assessment, 2011; Figure 65: Diagnostic Imaging Market, Global, Pipeline Product Analysis, 2010; Figure 66: Diagnostic Imaging Market, Global, Deals by Count, 2008 -2010

Diagnostic Imaging Market to 2017 - Fusion Technology to Increase Adoption Rates of Hybrid Imaging Systems

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