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news release:
Analysis
of Global Diagnostic Imaging Markets Shows Growth in US, Europe and Japan
Waltham, MA, November 6: Millennium
Research Group (MRG), the
global authority on medical technology market intelligence, has completed a
thorough analysis of the Japanese diagnostic imaging market, the third
installment in a three-report series covering Europe and the US. The study finds
that in contrast to Europe and the US, reimbursement allocations will favorably
affect the diagnostic imaging market in Japan, smoothing the transition to
newer, more powerful technologies, particularly in the magnetic resonance
imaging (MRI) and computed tomography (CT) markets.
Despite reimbursement reductions in Europe and the US, however, all three
reports find that diagnostic imaging markets will remain profitable globally, as
new advancements in MRI, Ultrasound, X-ray, CT and Nuclear Medicine technology
drive demand. The newest addition to MRG's series, the Japanese Markets for
Diagnostic Imaging Systems 2007 report finds that this market will experience
positive growth over the next five years, expanding to over $2.5 billion by
2010.
The Japanese Ministry of Health, Labour and Welfare conducts biennial revisions
to the reimbursement prices for medical devices. The most recent adjustment
increased government reimbursement for high-end MRI and CT systems, which had
previously suffered from limited demand due to high average selling prices. "As
a result of this change, medical institutions will be more inclined to purchase
newer, more innovative equipment, which is generally more expensive," says David
Plow, Senior Analyst from MRG. "This shift will drive market revenues through
2010."
Japanese Markets for Diagnostic Imaging Systems 2007 is the first of three new
diagnostic imaging reports by MRG—US Markets for Diagnostic Imaging Systems 2007
and European Markets for Diagnostic Imaging Systems 2007 will both soon be
available. This report includes coverage of key industry competitors, including
FujiFilm Medical, Toshiba Medical Systems, GE Healthcare, Siemens Medical
Solutions, Konica Minolta, Philips Medical Systems, Hitachi Medical Systems,
Canon, Shimadzu, Aloka, Agfa Healthcare, Kodak and more.
About Diagnostic Imaging Markets
The market for diagnostic imaging systems consists of five imaging modalities:
magnetic resonance imaging, ultrasound, X-ray, computed tomography, and nuclear
medicine.
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