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Market Set to Rebound After Slowdown as Part of Extended Late-Adopter Phase for 64-slice CT - Frost & Sullivan - The launch of the new top tier of computed tomography (CT) imaging equipment, particularly 64-slice CT, drove the North American CT imaging equipment market toward double-digit growth rate in 2004 & 2005
Market Set to Rebound After Slowdown as Part of Extended Late-Adopter Phase for 64-slice CT

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/02/27 - Frost & Sullivan - The launch of the new top tier of computed tomography (CT) imaging equipment, particularly 64-slice CT, drove the North American CT imaging equipment market toward double-digit growth rate in 2004 & 2005.

   
 
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New analysis from Frost & Sullivan North American Computed Tomography Imaging Equipment Markets, reveals that the market earned revenues of $1.57 billion in 2005 and estimates this to reach $2.39 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American Computed Tomography Imaging Equipment Markets, then send an e-mail to Melina Trevino - Corporate Communications with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

Equipment providers will be actively striving to address the challenges brought about by a disruptive technology. Market participants have to ensure workflow enhancements, greater clinical utility of CT, adequate end-user training, and favorable reimbursement updates for wide adoption of future equipment.

“The workflow of personnel along the entire chain of events–from exam ordering to reporting–demands better training, more efficient software, and support of an adequate IT infrastructure,” says Frost & Sullivan Research Analyst Nadim Daher. “Meanwhile, promising clinical trials and technical work-in-progress hint at yet another revolution in CT.”

The breathless pace at which CT technology has evolved has overwhelmed certain end-user segments concerned with the rapid obsolescence of the technology. In the present reimbursement environment, healthcare providers cannot merely depend on the exceptional cardiac imaging capabilities of this technology.

Before commercializing more powerful scanners, market participants will have to attempt at further reducing manufacturing costs to offset negative reimbursement trends and guarantee the economical viability of advanced CT purchases.

The advent of cardiac CT imaging has revitalized the North American CT market. Going forward, market growth is contingent upon the expansion of CT in this and other specialty imaging areas. Clinicians are, in fact, eagerly awaiting improvements in cardiac and coronary artery imaging.

“Current users of 64-slice CT technology find that image quality has room for improvements, especially its low-contrast resolution for better plaque characterization capabilities,” notes Daher. “Larger detector coverage and multi-energy imaging will transform advanced CT imaging”.

The North American Computed Tomography Imaging Equipment Markets is part of the Medical Imaging Growth Partnership Service, which includes research services in the following markets: magnetic resonance imaging (MRI), nuclear medicine imaging equipment, computed and digital radiography (CR, DR), picture archiving and communication systems (PACS). All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Market Set to Rebound After Slowdown as Part of Extended Late-Adopter Phase for 64-slice CT

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Publisher Contact: Melina Trevino 
(210) 247-2440 melina.trevino[.]frost.com
 
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