Increase in Imaging Procedure Volume Drives Demand for Medical Imaging Equipment Services, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Medical Imaging Equipment Services markets. Global market for Medical Imaging Equipment Services is projected to reach US$13 billion by 2020, driven by aging population, increasing number of diagnostic imaging procedures, and growing installed base of advanced medical imaging equipment.

Medical Imaging Equipment Services: A Global Strategic Business Report

Follow us on LinkedIn - Medical imaging equipment services are essential for healthcare institutions to minimize downtime risks and prevent revenue loss. A critical feature of these services is the speed of service delivery in case of a system breakdown. Key factors driving growth in the market include growing patient population in need of medical imaging and growth in the installed base of advanced medical imaging equipment. In addition, the growing focus on preventive maintenance, and the need to preserve functional working life of equipment are helping drive demand for medical imaging equipment services.

Growing focus on healthcare cost rationalization, especially in larger and mature markets like the United States and Europe, is resulting in longer replacement cycles as hospitals and imaging centers take longer to upgrade their equipment due to budgetary pressures.

The trend is helping spur growth of medical imaging equipment services, since extended working life of machines entails frequent maintenance to keep the equipment working at optimum performance. Reduced reimbursements for imaging procedures and stringent regulations, however, represent key challenges to growth in these markets. Developing countries are forecast to drive future growth in the market supported by strong GDP gains, increasing per capita healthcare spending, improving standard of healthcare facilities and services, and rise in medical tourism.

As stated by the new market research report on Medical Imaging Equipment Services, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 7.9% during the analysis period. OEMs, with their superior understanding of the equipment to be serviced, dominate the global medical imaging equipment services market. Third party service organizations are expected to witness strong gains owing to the customized services offered and the cost savings accrued to hospitals and healthcare facilities.

Major players covered in the report include Agfa-Gevaert N.V, Barco NV, BC Technical Inc., Esaote S.p.A, Fonar Corporation, Hitachi Medical Corporation, Hologic Inc., Philips Healthcare, Shimadzu Medical Systems, Siemens Healthcare, and Toshiba Medical Systems Corporation among others.

The research report titled "Medical Imaging Equipment Services: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). The report also analyzes the global and regional markets by service organizations such as OEM and Others.

For more details about this comprehensive market research report, please visit:

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
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Raghu Gopal
Global Industry Analysts Inc
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