Frost Radar™: Global Medical Imaging Managed Equipment Services Market, 2022

Frost Radar™: Global Medical Imaging Managed Equipment Services Market, 2022

As the number of aging, technologically obsolete imaging systems at medical facilities heightens the need for replacement to new imaging equipment with advanced technology, hospitals and imaging centers (especially in developing economies) seek Managed Equipment Services models that provide a viable long-term equipment procurement strategy. Managed Equipment Services entail offering technical infrastructure support to a healthcare organization for a service fee through a long-term contract (often more than 8 years). The service fee is based on technology usage, which includes fixed and variable components such as per patient, test, or diagnosis.

Frost & Sullivan expects Managed Equipment Services to sustain steady growth during the next 5 years, fueled by the need to optimize the total cost of ownership by healthcare organizations and adopt business models that will help hospitals and imaging facilities shift from CapEx to OpEx. The rapid adoption of Managed Equipment Services as a business model is expected across radiology practices, especially among mid and small-sized radiology centers.

In a field of more than 100 global industry participants, Frost & Sullivan independently plotted the top 15 companies in this Frost Radar™ analysis. Analysis focuses on services for capital imaging equipment comprising computed tomography (CT), magnetic resonance imaging (MRI), molecular imaging and interventional x-ray, and mid-tier capital equipment covering ultrasound, mammography, and general radiography. It excludes services for biomedical devices and patient monitoring.

Companies plotted on the Frost Radar™ are leaders in the industry for Growth, Innovation, or both. They are instrumental in advancing the industry into the future.