According to new reports coming from this year’s RSNA conference, the days of growth in the advanced imaging market may be at an end.
This finding arises out of a study conducted by the research team at Thomas Jefferson University in Philadelphia. For the study, the team investigated two growth periods over the last 10 years for the medical imaging industry. The first phase recounts the market’s compound annual growth rate (CAGR) for the 2000-2006 period, while the second recounts the compound annual growth from 2007-2009. Over the first period, the CAGR for MRI, CT, and nuclear medicine all experienced a growth between 9 and 12%. Going into the second period, however, those numbers have dropped into the low single digits. In the case of nuclear medicine, its CAGR actually goes in a negative direction.
Researchers speculate that this decline could be the result of a few factors, most notably reimbursement concerns.
To read the results of the study, please visit Aunt Minnie for the full article.