Research Overview
Robust Procedure Volume Growth Spurs the Cardiac X-ray Equipment Market
Double-digit growth rate of cardiac catheterization (cath) ensures that
cardiac X-ray procedure volume growth in hospitals does not slacken. An aging
baby boomer population has contributed to the rise in number of coronary
diseases, resulting in greater use of diagnostics and interventional procedures
involving X-ray imaging. Moreover, increased awareness of the benefits of timely
detection and proactive treatment of coronary diseases has helped boost
identification rates and thereby, the number of procedures performed. Detection
techniques such as computed tomography (CT) and magnetic resonance (MR) also
propel use of interventional cardiac procedures, driving market revenue.
This Frost & Sullivan research service provides an overview and outlook
for the U.S. cardiac and vascular X-ray equipment markets. It provides data and
analyses of both markets, with emphasis on cardiac cath laboratories, which are
a key end-user segment. The cardiology market has been segmented into
interventional cardiology, pediatric cardiology, and electrophysiology (EP).
Vascular X-ray systems market has been divided into interventional radiology,
neuroradiology, and vascular surgery.
Market Scope Expands with Cardiology Departments Bringing Peripheral
Vascular Treatment into the Fold
Cardiac cath laboratories have gone from being highly specialized research
centers to multipurpose facilities. This trend was set off by the improvements
in X-ray systems and the introduction of digital processing capabilities, which
enable the study of non-cardiac vascular organs and interventions in other parts
of the bodys vascular system. Additionally, patients that seek treatment for
coronary problems also have systemic vascular diseases and cardiologists have to
treat them for both coronary and peripheral dysfunction. This significantly
increases the scope of procedures performed by cardiologists.
Cardiologists have gained expertise in diagnosing and treating diseases
involving peripheral, renal, and carotid vasculature. "This expansion in
case volume encompassing new procedures such as peripherals and carotids are
driving demand for cardiac X-ray equipment," says the analyst. The advent
of larger field of view systems and digital technology ? That eliminate the need
to choose between larger view and image quality ? Enables cardiologists to have
a more holistic approach to coronary and peripheral disease.
Digitization Brings in Demand from Replacement Market and New Buyers
The cardiac X-ray equipment markets demand graph has seen a steep hike
since the introduction of digital flat panels. These systems have provided
cardiology departments with a reason to replace legacy systems as well as invest
in more sophisticated technologies. Digital flat panel systems considerably
lower image noise, offer edge enhancement, sharpen contrast harmonization,
optimize workflow, and improve patient throughput. The new algorithms help
physicians to reduce contrast dose and radiation exposure to staff and patients.
"Since hospitals often try to distinguish themselves with their
interventional cardiology departments, they are interested in technological
developments in their field," notes the analyst. Leading hospitals are one
of the principal adopters of new technology, as they do not want to be perceived
as being behind the times. Another reason for the improved investment in novel
devices is that although interventional cardiology may represent only a small
portion of the hospitals total revenues, it accounts for a large share of the
profits.
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