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Report predicts slow growth in US imaging equipment market through 2017
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A new report released by Millennium Research Group calculates a 0.5% increase in the U.S. market for imaging equipment servicing, totaling $2.78 billion in 2017.
While sales in diagnosing imaging systems will continue to increase, the report states that uncertainty over the economy and health care reform in the United States, as well as the slow growth of ordering diagnostic imaging procedures, will balance the increased sales.
“Growth and contraction seem to be evenly balanced across this market,” Felix Lam, MSc, an analyst for Millennium Research Group (MRG), stated in a press release. “The computed tomography (CT) and ultrasound segments will grow through 2017, while magnetic resonance imaging (MRI) and general radiography will shrink.”
The report detailed factors influencing the diagnostic imaging market – while premium-priced imaging systems often come with high priced and full-service contracts, many facilities are now purchasing refurbished models that do not include these service contracts.
In addition, a growing population of elderly and obese patients will lead to increased use of imaging that will result in a greater need for servicing. However, growth in higher-end systems decreases the number of contracts because fewer systems are needed to accommodate the same demand, according to the report.
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