The European market for digital radiography systems has doubled since 2000, and produced revenues of $114.4 million in 2003, according to market research firm Frost & Sullivan of San Jose, CA.
Frost & Sullivan predicted average annual growth of 7.7% per year between 2003 and 2010, with the DR market reaching $192.3 million in sales by the end of the decade. The countries adopting DR technology most quickly include Scandinavia, Belgium, and the Netherlands, while a second tier of countries including Germany, France, and the U.K. are a close second. Some 80% of European DR sales are to imaging facilities in these countries.
Frost & Sullivan said that among hospitals in industrialized countries, DR is considered the key to a long-term strategy of migrating to filmless operation, and most facilities already have filmless image management networks like PACS already in place. In the less industrialized countries of Eastern Europe, DR is often seen as a high-throughput alternative to older analog systems, even if the facility doesn't have a PACS.
Frost & Sullivan sees the three major multimodality vendors -- GE Healthcare, Siemens Medical Solutions, and Philips Medical Systems -- as chipping away at the once-dominant market share in Europe owned by Swissray International. The three multimodality vendors accounted for 75% of the DR sales in Europe in 2003, according to Frost & Sullivan.
By AuntMinnie.com staff writers
May 12, 2004
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