U.S. Interventional X-Ray Equipment Market Rebounding

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s1.reutersmedia.netAfter three years of contraction, the U.S. interventional X-ray equipment market has, as of the end of 2012, begun to veer back into positive growth, according to a report from the market research firm Frost & Sullivan.

The change in market conditions, the report's authors say, is being driven by growth opportunities in different subsets of the radiology" href="/tag/interventional-radiology.html">interventional radiology (IR) and interventional cardiology markets (IC).

For example, interventional oncology and interventional neurology in the IR market and electrophysiology in the IC market are exhibiting "robust growth" according to the report's executive summary.

Together, these growth areas serve to offset areas of recent decline in mature market segments.

According to the report, replacement cycles are lengthening in mature markets, though that slowdown is being offset by emerging markets and procedures.

In addition, the report's authors find that market and industry pressures are lengthening product and technology innovation cycles; technology advancement persists in advanced multimodality image guidance and visualization; clinical guidelines continue to drive procedures toward noninvasive diagnostic and minimally invasive interventional techniques; and hybrid operating rooms and combination cath labs will emerge as clinical best practices, which will help to revive market growth.

Another report from Frost & Sullivan focusing on the European interventional radiology and cardiology markets finds that although the economic slowdown and fewer orders had a negative impact on revenues in 2012, expanding applications of interventional systems and the popularization of hybrid solutions will drive market growth between now and 2017.

The European market, according to the authors, earned approximately $336.7 million in 2012.

That number, they say, should increase to more than $350 million by 2016.

"The expansion of minimally invasive procedures and hybrid operating rooms are set to galvanize the interventional radiology and cardiology markets," Frost & Sullivan's analyst Dominika Grzywinska said in an announcement.

"Minimally invasive procedures are becoming increasingly popular, among both patients and healthcare providers.

This has spurred the demand for hybrid operating rooms accommodating interventional systems."

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