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Medical imaging market report released

BioPhotonics
Jan 2008
Anne L. Fischer

The US market for medical imaging equipment is expected to grow at a compound annual growth rate of 8.2 percent through 2012, to a total of more than $11.4 billion, according to a report released in October by BCC Research of Wellesley, Mass. The report, titled “Medical Imaging: Equipment and Related Products (HLC020E),” focuses on the modalities that make up the global medical imaging industry, including radiography, CT, MRI, ultrasound and PET, and it reviews some of the newer technologies.

Also included is an analysis of the industry, the regulatory environment and technological developments. A list of patents filed in 2006-2007 is included, as are company profiles and a list of companies by market share.

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The report data was gathered by conducting telephone interviews with industry professionals, research scientists, physician researchers and laboratory heads to discover the most recent developments in their respective fields. Additional data was collected by searching literature, industry information and patent listings.

Currently, the US medical imaging market is led by the CT mode and is worth an estimated $2.3 billion; it is expected to grow at a compound annual rate of 7.4 percent through 2012. MRI has the second largest share of the market and is the fastest-growing segment. It currently is valued at $1.8 billion and is expected to grow at a rate of 9.8 percent through 2012. The 122-page report includes forecasts for each market segment by product category, application and geographical area through 2009. Markets for auxiliary products also are reviewed, and emerging imaging methods are identified.


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