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The medical imaging markets continued to display healthy growth rates and positive upwards movement, despite the sluggish pace of the United States economy. The healthy future outlook presented by opportunities such as molecular imaging and the increased use of diagnostic imaging as a replacement for invasive procedures is balanced by increased competitor consolidation causing greater barriers to entry for new and small market entrants. While growth rates are expected to be maintained between six and ten percent, positive growth will not be possible without a careful evaluation and understanding of the current market and the trends that are expected to shape it.

 
The primary factors driving strong growth in the medical imaging industry include the greater imaging needs of the aging population, advanced technologies that allow imaging to replace invasive procedures, the introduction of products with increased functionality that draw interest from groups outside of the radiology department, increased digitization, and a movement towards molecular imaging. The total United States medical imaging equipment market is likely to grow at a compound annual growth rate (CAGR) of 8.5 percent for 2008, of which revenues are expected to reach approximately $16.57 billion.