The European market for MRI technology produced sales of $806.5 million in 2006, according to a new report by market research and consulting firm Frost & Sullivan.
The market is projected to hit $1.03 billion in sales by 2013, according to the report, which was produced by the London-based division of the firm. This growth will occur in spite of challenges in the European MRI market, such as pricing pressures, regulatory issues, and competition from CT, the report states.
The report sees growth being driven by new clinical applications, such as neurological, cardiac, and vascular, as well as breast MRI. High-field systems will continue to replace low-field units, the report states.
By AuntMinnie.com staff writers
June 14, 2007
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