Global Trends and Transitions Shaping theGlobal Trends and Transitions Shaping theFuture of Medical Imaging EquipmentFutur...
Today’s PresenterIndustry Expertise• Experience in technical and business roles within the medicalindustry, leveraging bro...
Occasion for Briefing• Global perspective is becoming morecritical to success and continued growthin technology-driven mar...
I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
Global Market PerspectiveGeographic regions accounting for the largest proportions of global medical imaging equipmentmark...
EmergingMarketsGlobal Medical Imaging EquipmentMarket*: Developed vs. EmergingMarket Revenue, World, 2012Emerging Markets ...
AdvancedModalitiesTotal Medical Imaging EquipmentMarket*: Basic vs. AdvancedModality Revenue, World, 2012Classification Te...
I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
Opportunities and Challenges—Which Outweigh Which?Developed Markets Emerging MarketsOpportunities• Formation of Accountabl...
Trending Clinical Areas—Emergency Use is a Focal PointBreast ImagingGrowing awareness of shortcomings of mammography spurr...
Tier 2/3Others11%Global Medical Imaging EquipmentMarket*: Revenue by CompetitorType, World, 2012Market LeadersGE Healthcar...
I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
Frost & Sullivan expects global medical imaging equipment market revenue to grow at a CAGR of4.4 percent from 2012 to 2017...
Growth to be Driven Largely by Emerging MarketsLatin AmericaRussiaIndiaChina12.0CAGRGlobal Medical Imaging Equipment Marke...
Frost & Sullivan expects the proportion of global medical imaging equipment market revenuecontributed by emerging markets ...
Basic vs Advanced Markets Trend Inversely in DM vs EMs50%AdvancedModalityRevenueGlobal Medical Imaging Equipment Market*: ...
ConclusionsFrost & Sullivan expects the proportion of medical imaging1Frost & Sullivan expects the proportion of global ma...
Next StepsDevelop Your Visionary and Innovative SkillsGrowth Partnership Service Share your growth thought leadership and ...
Your Feedback is Important to UsGrowth Forecasts?Competitive Structure?What would you like to see from Frost & Sullivan?19...
Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitterhttp://www.facebook.com/FrostandSullivanhttp://www.li...
For Additional InformationBritni MyersCorporate CommunicationsHealthcarebritni.myers@frost.comRoberto G. AranibarSr. Indus...
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Global Trends and Transitions Shaping the Future of Medical Imaging Equipment

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Economic crises, austerity measures, and healthcare policy changes weighed heavily on global medical imaging equipment market expansion in recent years. Modest growth rates continue, largely due to rapid healthcare infrastructure developments and growing adoption of advanced imaging modalities in emerging market regions. To maximize potential for future success, stakeholders must be aware of key trends and transitions underway to prepare for and adapt to a new market environment.
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Global Trends and Transitions Shaping the Future of Medical Imaging Equipment

  1. 1. Global Trends and Transitions Shaping theGlobal Trends and Transitions Shaping theFuture of Medical Imaging EquipmentFuture of Medical Imaging EquipmentRevenue sustainability: a function of portfolio mixRevenue sustainability: a function of portfolio mixand geographic targetingand geographic targetingRoberto G. Aranibar, Sr. Industry Analyst© 2013 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property ofFrost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.Roberto G. Aranibar, Sr. Industry AnalystHealthcare – Medical ImagingApril 25, 2013
  2. 2. Today’s PresenterIndustry Expertise• Experience in technical and business roles within the medicalindustry, leveraging broad perspectives on medical imaging anddevice markets with clients and industry stakeholders• Coverage of clinical and preclinical imaging equipment markets,including general and mammographic X-ray, CT, ultrasound, MR,nuclear medicine, PET, and preclinical animal imagingFunctional ExpertiseRoberto G. Aranibar2Functional Expertise• 9 years of experience with medical technologies, includingtechnical and clinical support of medical device sales andgraduate studies in biomedical engineering• Particular expertise in:− Ophthalmological applications of optical coherence tomography− Implantable cardiac rhythm & disease management devicesEducation• MSE, Electrical Engineering, University of Texas at Austin, 2006• BS, Engineering Science, Trinity University, 2004Roberto G. AranibarSr. Industry Analyst,Medical ImagingFrost & SullivanNorth AmericaSan Antonio, TX
  3. 3. Occasion for Briefing• Global perspective is becoming morecritical to success and continued growthin technology-driven markets− Market participants can no longerrely solely on revenue streams fromformer ‘cash cow’ markets• Briefing based on research for 2013Global Medical Imaging Equipment3− Puts pieces of the puzzle together, providing a ‘big picture’ analysis thatfacilitates strategic business decisions• Objectives of this briefing:− Present key findings and conclusions gathered through research− Inform industry stakeholders of important trends and transitions that arecurrently underway in the global medical imaging equipment marketFrost & Sullivan leverages a global network of 1,800+ analysts across40+ offices on six continents, providing broad and global perspectivesin its market coverage.Global Medical Imaging EquipmentMarket Outlook study− Collaborative, multi-regional effortSource: Frost & Sullivan analysis.
  4. 4. I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
  5. 5. Global Market PerspectiveGeographic regions accounting for the largest proportions of global medical imaging equipmentmarket revenue in 2012 were North America, Europe, and Japan.North AmericaAustralia3%Rest of Asia6%Global Medical Imaging Equipment Market*: Revenue by Geographic Region,World, 2012Total Revenue = $24.1 Billion5North America25%Latin America7%Europe19%Middle East & Africa3%Russia5%India3%China12%Japan17%3%*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  6. 6. EmergingMarketsGlobal Medical Imaging EquipmentMarket*: Developed vs. EmergingMarket Revenue, World, 2012Emerging Markets are very Significant!Regional segments were classified as developed or emerging markets. Emerging market regionsrepresented more than one-third of the global medical imaging equipment market in 2012.Classification RegionDeveloped MarketsNorth AmericaEuropeJapanAustralia6Developed Markets64%Markets36%AustraliaEmerging MarketsLatin America (LATAM)Middle East & Africa (ME&A)RussiaIndiaChinaRest of Asia*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  7. 7. AdvancedModalitiesTotal Medical Imaging EquipmentMarket*: Basic vs. AdvancedModality Revenue, World, 2012Classification TechnologyBasic ModalitiesGeneral X-rayMammographic X-rayUltrasoundBasic vs. Advanced Market Size is Nearly EqualDiagnostic imaging technologies were classified as basic or advanced modalities. Total revenuegenerated in basic versus advanced modality sectors was nearly equal in 2012.7BasicModalities51%Modalities49%Advanced ModalitiesComputed Tomography (CT)Magnetic Resonance (MR)Molecular Imaging*Unclassified Interventional X-ray*Nuclear Medicine and Positron Emission Tomography (PET)*excludes interventional X-ray, services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  8. 8. I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
  9. 9. Opportunities and Challenges—Which Outweigh Which?Developed Markets Emerging MarketsOpportunities• Formation of Accountable CareOrganizations (ACOs) in US• Remaining penetration potential in centraland eastern European countries withrelatively healthy economies• Replacement market potential• Growing importance of patient experience• Substantial public and private investmentsin healthcare infrastructure developmentand modernization• Expanding middle-class and growing # ofinsured patients and MDs per inhabitant• Increasing disease incidence/prevalence• Key destinations for medical tourism9Source: Frost & Sullivan analysis.• Ongoing economic challenges and limitedprovider budgets• New excise tax and other drastic changesin US healthcare policy• Reduced imaging procedurereimbursement levels for providers• Increasingly stringent regulations/oversighton use of advanced imaging equipmentChallenges• Competition from local and pre-ownedmedical imaging equipment vendors• Shortages of radiologists, physicians,radiological technicians, and medicalprofessionals• Substantial populations of uninsuredpatients
  10. 10. Trending Clinical Areas—Emergency Use is a Focal PointBreast ImagingGrowing awareness of shortcomings of mammography spurringdevelopment of newer breast imaging technologies (e.g., breasttomosynthesis, ABUS, MBI) and driving breast imaging procedurevolumes within some modalities (e.g., ultrasound and MR)Chest CTCT use for chest pain assessment in EDs, for cardiac angiography,and for lung cancer screeningPoint-of-care Increasing adoption of hand-carried ultrasound by non-traditional10Source: Frost & Sullivan analysis.Point-of-careUltrasoundIncreasing adoption of hand-carried ultrasound by non-traditionalclinical segments (e.g., anesthesia, critical care, pain management)EmergencyMedicineHospital and FS EDs and urgent care centers showing growinginterest in ownership of X-ray, ultrasound, and CT equipmentRobotic-assistedsurgical ultrasoundRobotically-controlled intraoperative transducers being used duringlaparoscopic surgeries (e.g., RAPN).Neuro-molecularImagingIntroductions of novel radiotracers designed to aid in early diagnosisof neurodegenerative conditions (e.g., Parkinson’s disease)
  11. 11. Tier 2/3Others11%Global Medical Imaging EquipmentMarket*: Revenue by CompetitorType, World, 2012Market LeadersGE HealthcarePhilips HealthcareSiemens HealthcareTier 2−3 CompetitorsFujifilm Medical SystemsHitachi Medical SystemsCompetitive DynamicsThe ‘Big 3’ – GE Healthcare, Philips Healthcare, and Siemens Healthcare – generated more thanthree-quarters of global medical imaging equipment market revenue in 2012.11MarketLeaders78%Tier 2/3Compet-itors11%Tier 2−3 Competitors Hitachi Medical SystemsToshiba Medical Systems*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  12. 12. I. Market SplitsII. Market TrendsIII. Market OutlookFocus Points / Agenda
  13. 13. Frost & Sullivan expects global medical imaging equipment market revenue to grow at a CAGR of4.4 percent from 2012 to 2017, reaching $29.9 billion in 2017 .Global Market to Reach Nearly $30 Billion by 201725,00030,000Global Medical Imaging Equipment Market*: Revenue Forecast , World,2012−2017Total Market CAGR = 4.4%$24.1 B$29.9 B1305,00010,00015,00020,00025,0002012 2017Revenue($Million)Year$24.1 B*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  14. 14. Growth to be Driven Largely by Emerging MarketsLatin AmericaRussiaIndiaChina12.0CAGRGlobal Medical Imaging Equipment Market*: Revenue Outlook by GeographicRegion, World, 2012−2017Lower Revenue, Higher Growth Higher Revenue, Higher Growth14*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.North AmericaEuropeMiddle East & AfricaJapanAustraliaRest of Asia0.00.0 7,000.0RevenueCAGRRevenueLower Revenue, Lower Growth Higher Revenue, Lower Growth
  15. 15. Frost & Sullivan expects the proportion of global medical imaging equipment market revenuecontributed by emerging markets to increase considerably from 2012 to 2017.Emerging Markets to become Increasingly Significant80%90%100%Global Medical Imaging Equipment Market*: Percent Developed vs. EmergingMarket Revenue, World, 2012−2017150%10%20%30%40%50%60%70%2012 2017%RevenueYearDeveloped MarketsEmerging Markets*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  16. 16. Basic vs Advanced Markets Trend Inversely in DM vs EMs50%AdvancedModalityRevenueGlobal Medical Imaging Equipment Market*: Percent Advanced ModalityRevenue in Developed and Emerging Market Regions, World, 2012−2017The proportion of global market revenue represented by advanced modalities will increase inemerging markets from 2012 to 2017 but decrease in developed markets during the same period.16472012 2017%AdvancedModalityRevenueYearDeveloped MarketsEmerging MarketsGlobal Market*excludes services, contrast agents, and pre-owned equipment.Note: All figures are rounded. Source: Frost & Sullivan analysis.
  17. 17. ConclusionsFrost & Sullivan expects the proportion of medical imaging1Frost & Sullivan expects the proportion of global market revenuegenerated in emerging markets, including Latin America, Russia,India, China, and the Middle East & Africa, to grow considerablyfrom 2012 to 2017.17+“Revenue sustainability will continue to increasingly become afunction of portfolio mix and geographic targeting”Source: Frost & Sullivan analysis.2Frost & Sullivan expects the proportion of medical imagingequipment market revenue represented by advanced modalitiesto increase in emerging markets from 2012 to 2017 whiledecreasing in developed markets during the same period.=
  18. 18. Next StepsDevelop Your Visionary and Innovative SkillsGrowth Partnership Service Share your growth thought leadership and ideas orjoin our GIL Global Community18Join our GIL Community NewsletterKeep abreast of innovative growth opportunities
  19. 19. Your Feedback is Important to UsGrowth Forecasts?Competitive Structure?What would you like to see from Frost & Sullivan?19Emerging Trends?Strategic Recommendations?Other?Please inform us by “Rating” this presentation.
  20. 20. Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitterhttp://www.facebook.com/FrostandSullivanhttp://www.linkedin.com/companies/450620http://twitter.com/frost_sullivanhttp://www.linkedin.com/companies/4506http://www.slideshare.net/FrostandSullivan
  21. 21. For Additional InformationBritni MyersCorporate CommunicationsHealthcarebritni.myers@frost.comRoberto G. AranibarSr. Industry AnalystHealthcare—Medical Imagingroberto.aranibar@frost.com21Daniel RupparResearch ManagerHealthcaredaniel.ruppar@frost.comJoe StokenSales ManagerHealthcarejoe.stoken@frost.com
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