-- The increasing popularity of retrofit systems fuels market growth
LONDON, May 15, 2013 /PRNewswire/ -- The need to improve the efficiency and quality of X-ray examinations will drive healthcare facilities across Europe to install computed radiography (CR) and digital radiography (DR) systems. The emergence of retrofit systems based on flat panel technology has popularised DR systems, and will sustain investments in the European computed and digital radiography market.
New analysis from Frost & Sullivan (http://www.medtech.frost.com), Western and Eastern European Markets for Computed and Digital Radiography, finds that the market earned revenues of more than $388.8 million in 2011 and estimates this to reach $473.9 million in 2016.
The implementation of picture archiving and communications systems (PACS) will contribute to the growth of the CR and DR market in Europe, as healthcare facilities look to fully benefit from the benefits of both PACS and digital X-ray solutions.
"CR and DR technologies' advantages over analogue X-rays, which include increased patient throughput as well as shorter examination and result analysis times, have also encouraged their adoption," says Frost & Sullivan Healthcare Industry Analyst Dominika Grzywinska. "The shortage of radiologists further drives uptake, as digital systems enable a radiologist to cater to nearly three times the number of patients served using analogue X-rays."
Retrofit systems, which facilitate the upgrade of existing X-ray systems without replacing the installed base, are growing popular especially in Western Europe. In fact, many end users prefer retrofit solutions offering high throughput and image quality at reasonable costs, rather than new DR systems that require added investments.
While these retrofit systems have made digitization more cost-effective and prices of both CR and DR systems continue to decline, affordability remains an issue owing to the challenging economic situation in Europe.
"Customers are placing greater emphasis on return-on-investments, looking for solutions tailored to their needs at an affordable price," concludes Grzywinska. "Therefore, vendors need to deliver mid-range and low-end solutions that appeal to a wider range of customers and to smaller end users in particular."
In Italy, large public healthcare facilities are mostly interested in full-room DR solutions, rather than retrofit systems. The later ones are being purchased mostly by private facilities, which prefer to purchase a less expensive X-ray system and invest in other modalities, than to purchase a very expensive, high-end DR system.
If you are interested in more information on this research, please send an email to Anna Zanchi, Corporate Communications, at email@example.com
Western and Eastern European Markets for Computed and Digital Radiography is part of the Advanced Medical Technologies Growth Partnership Service program. Frost & Sullivan's related research services include: US DR and CR Markets and Medical Imaging Market Outlook for CEE and Russia. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan