The European medical imaging display market notched revenues of $110.2 million in 2005 and is expected to grow to $289.4 million by 2012, according to a report issued by market research and consulting firm Frost & Sullivan.
As medical imaging evolves beyond the radiology department, a wider variety of end users are demanding to view patient examinations, according to the London-based company. To view these images, a greater number of medical displays need to be installed, contributing to market growth and leading to a significant increase in revenues, Frost & Sullivan said.
Although the market is witnessing enhanced demand for a wider network of displays, the need for cost savings is gaining momentum. To this end, some hospitals are seeking commodity displays for referral purposes. Further, the lack of concrete, Europe-wide guidelines is encouraging the adoption of this attitude, according to Frost & Sullivan.
The firm said that while the surge in demand for medical imaging displays is driven by hospital digitization, a major impediment is the tendency of end users to opt for less expensive, lower-specification commodity displays. Resolving this issue will be critical in determining future market sales, Frost & Sullivan said.
By AuntMinnie.com staff writers
September 22, 2006
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