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Home / India News / 2007 / January / January 18, 2007
European Cardiology Imaging Markets to Benefit from Introduction of Comprehensive Packages with Enhanced Cross-Departmental Workflow Integration and Multi-Modality Interoperability

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European Cardiology Imaging Markets to Benefit from Introduction of Comprehensive Packages with Enhanced Cross-Departmental Workflow Integration and Multi-Modality Interoperability

Mumbai, Maharashtra, India

Even as European cardiology imaging markets make gains due to the increasing incidence of cardiovascular disorders, the development of innovative, cost-effective products and the introduction of new multi-modality offerings will support rapid expansion of these markets.

Frost & Sullivan (http://www.healthcare.frost.com) finds that the European Cardiology Imaging Markets earned revenues of $843.0 million in 2005 and estimates this to reach $1,356.4 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Medical Imaging Markets in Cardiology (H040- 50) then send an e-mail to Shwetha Thomas , Corporate Communications, at sthomas@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

"European cardiology imaging markets are growing rapidly due to the alarming increase in the number of cardiovascular disorders, an expanding elderly population and sedentary lifestyles," notes Frost & Sullivan Research Analyst Ranjit Ravindranathan. "The major innovation which will define the course of these markets will be that of comprehensive packages offering improved cross-departmental workflow integration and multi-modality interoperability in coordination with cardiology picture archiving and communication systems (PACS)."

As cardiology-imaging markets are in the latter stage of the growth cycle, the development of innovative and effective products will be decisive in sustaining growth. The increased number of cardiac problems will be key to advancing the appeal of multi-purpose, cost-efficient and unique products.

Research and development (R&D) efforts are ongoing for launching complete, multi-purpose product packages in the market. However, varied country-specific reimbursement regulations have led to pricing pressures while also hindering manufacturing efforts. The high pricing of imaging modalities has compounded these challenges, leading to affordability concerns.

"Vendors who can leverage end user demands for complete combination packages and accordingly position themselves as a 'one stop shop' for clients' cardiology imaging needs, will emerge market leaders," remarks Mr. Ravindranathan. "Clients will benefit in terms of savings in money and time as well as improved procedural efficiency with quality output and description."

From a competitive perspective, industry participants should aim to acquire or establish strategic alliances with smaller firms to facilitate entry into local markets. Initiatives to launch financing and easy leasing options will encourage equipment purchase by end users. Market participants should also focus on rapidly achieving workflow integration in real-world scenarios rather than remaining trapped at the R&D stage.

The Medical Imaging Markets in Cardiology is part of the Medical Imaging Subscription, which also includes research in the following markets: European Markets for Key Medical Imaging Modalities, European C-Arms Markets and European Cardiology PACS Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

The Medical Imaging Markets in Cardiology
H040- 50

Shwetha Thomas, Corporate Communications - South Asia & Middle East, Frost & Sullivan, + 91 (022) 4001 3429 sthomas@frost.com

Radhika Menon Theodore, Corporate Communications - Europe, Frost & Sullivan, + 91 (044) 4204 4541 rmtheodore@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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