Need for Reduced Healthcare Outlays Creates Strong Growth Potential for Medical Imaging Services, Says Frost & Sullivan

Need for Reduced Healthcare Outlays Creates Strong Growth Potential for Medical Imaging Services, Says Frost & Sullivan PR Newswire LONDON, June 28, 2012 - Global Vision with Local Focus will be Key Strategy to Succeed in Highly Fragmented European Medical Imaging Market LONDON, June 28, 2012 /PRNewswire/ -- The European medical imaging services market is highly fragmented, intensely competitive and beset with pricing pressures. The expansion of service portfolios to include new, customised service structures will be critical to keeping in sync with evolving consumer needs. The most important challenge for market participants will be to conflate a global view with a local approach that addresses specific country market requirements. New analysis from Frost & Sullivan (http://www.medicalimaging.frost.com), Service Opportunities for Medical Imaging Market of Europe, comprising mobile imaging services, maintenance services and managed equipment services (MES), finds that the market earned revenues of $6.13 billion in 2010 and estimates this to reach $10.1 billion in 2017. "The entire value chain offered by MES providers proves itself economically viable by reducing the capital outflow when distributed over a number of years," notes Frost & Sullivan Research Analyst Kaavya Karunanithi. "There has been tremendous improvement in the spectrum of services offered in the last few years.