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Chinese and U.S. ultrasound equipment sales propelled the global market forward in 2017May 25, 2018Global ultrasound revenues totaled $6,644.1 billion in 2017 and grew 7.6% from 2016, representing the largest year-over-year market growth rate in several years. Revenue growth was driven by successful markets in China and the United States, countries which accounted for 45% of the global market in 2017. Additionally, growth returned to developing markets as Brazil bounced back from its recession, and healthcare infrastructure upgrades drove demand in several Eastern European and Middle Eastern countries.
Cyber security: Baby steps to ensure the healthcare industry NeverCriesMay 24, 2018As the clinical benefits of a digital healthcare system unfold and spread throughout the world, securing healthcare systems and patient information has never been more important, especially in the face of growing cyber-security threats and attacks.
Disruptive innovation and transformative tech ruled at HLTHMay 21, 2018With the spotlight trained on new buzzword mechanisms like blockchain and augmented intelligence, disruptive innovation and transformative technologies in healthcare were the subjects of lively debate and discussion at this year’s HLTH conference. Held for four days in early May in Las Vegas, HLTH presented an expansive forum for healthcare professionals, companies, and policymakers to discuss new advances and challenges confronting the healthcare ecosystem. Drawing representation from the healthcare continuum, such as health payment and delivery, the event also offered insights into how the industry could leverage ongoing disruption toward providing next-generation healthcare.
ECR 2018 Brief: AI – what is it? Augmented, adaptive, or artificial?March 27, 2018There was heightened buzz around the topic of AI at the 24th European Congress of Radiology, with many vendors citing the integration of data through AI as the next big trend – but what’s new? AI has been discussed at the show for several years, and each year there is more and more uncertainty around its integration into medical devices.
ECR 2018: First impressionsMarch 27, 2018ECR 2018 celebrated the diverse specialty of radiology with a symbolic Chinese red dragon centered at the entrance, capturing the enthusiasm, celebration, and passion for radiology at the Austria Centre Vienna.The heightened pressures to maintain population health globally, without clinical practice and patient outcome being jeopardized, has stipulated the rapid surge in artificial intelligence (AI) related solutions, to shape the future of radiology and patient care. But how can better clinical outcome be achieved outside of Artificial Intelligence?
The future of infusion pump software – can’t speak, won’t speakMarch 27, 2018Healthcare information is everywhere, but it is not always being used to its fullest capacity. There is still a long way to go for fully integrated healthcare across the care continuum. Despite many advances in the use of patient data, there are several medical devices that are behind in the development process.
How will the increase in global breast cancer be addressed by a decrease in false positives?March 14, 2018The countable rise of breast cancer incidence globally has heightened pressures for government screening programmes, and strengthened awareness of the benefits of breast cancer screening. However, screening programmes alone are not sufficient to help combat breast cancer mortality rates. It is imperative that accuracy of breast cancer detection is improved, whilst false positives and missed lesions are also reduced.
Medication inventory management – the invasion of the robotsMarch 08, 2018The uptake of medication inventory management solutions is accelerating worldwide and the next several years are expected to see strong growth in this market. IHS Markit estimates the number of sites who have adopted this technology will grow from just under 5,000 in 2017 to over 7,000 in 2021. That said, there are substantial geographical differences both in the number of live sites as well as in the pace of adopting this technology.
Ultrasound companies will highlight three major technology trends this week at European Congress of RadiologyFebruary 28, 2018The 2018 European Congress of Radiology (ECR) kicks off today in Vienna. ECR is one of the leading global events in radiology, and the congress will welcome nearly 27,000 attendees from over 140 countries. Three hundred exhibitors, 50 of which specialize in ultrasound, will display radiology equipment and products, and the largest international companies will host ‘Satellite Symposia’, company-sponsored educational sessions, during the congress. The on-show guide to the congress provides an outline for each Satellite Symposia and shows that ultrasound companies will focus on three technologies during the sessions—fusion imaging, contrast enhanced ultrasound (CEUS), and shearwave elastography. These technologies and their influence on the global ultrasound market are defined and discussed below.
Competitive environment shakeup - What's ahead for ultrasound companies in 2018?January 30, 2018IHS Markit discusses the biggest mergers, acquisitions, and initial public offerings of the year and analyzes the implications for the global ultrasound market.
CES 2018 – More than 700 exhibitors focused on digital health, a $21 billion market in 2021January 17, 2018Digital health was a continuing trend at CES 2018 with 26% of exhibitors having an offering within biometrics, health and biotech, sports and fitness, or wearables. Looking at just companies related to digital health, more than 18% of exhibitors were related to consumer-side healthcare. IHS Markit forecasts the global market for digital health will grow from $15.6 billion in 2017 to $21.6 billion during 2021 at a CAGR of 8.5%, rapidly outpacing the traditional medical equipment markets. While much of the show was an evolution from previous years, including sleep monitoring, embedded sensors in clothing, and wrist-worn activity trackers, a few items incorporated broader technology trends such as machine learning, blockchain, medical-related wearables, and home-based diagnostics.
In 2018, Analytics and AI in Healthcare Look to Take Center StageJanuary 04, 2018The 103rd Scientific Assembly and Annual Meeting of the Radiological Society of North America (RSNA) brought together over 50,000 attendees at Chicago’s McCormick Place from November 26th to December 1st, 2017. Companies of all sizes brought their A game to the exhibit floor with leading companies showcasing gargantuan booths filled with the latest and greatest medical imaging technologies.
Three global trends changing the landscape of the medical imaging equipment marketSeptember 20, 2017Growth for x-ray, ultrasound, MRI, and CT equipment will be driven by a variety of unique factors, but several trends will affect future revenues for the entire medical imaging equipment market. Three of these trends—the aging global population, the changing US healthcare culture, and the emergence of healthcare markets in developing nations—are highlighted below and followed by IHS Markit’s advice for capitalizing on these trends.
Interventional X-ray equipment – Dose aware or financial affair?September 18, 2017In the current global healthcare environment, providers are increasingly obliged to balance tight financial budgets whilst ensuring that patient care is not jeopardised. There are large regional and country-specific differences in what determines the decision-making process when purchasing interventional X-ray equipment. A combination of healthcare budget restrictions, political instability and economic crises has heightened consideration of the price of interventional X-ray systems. Regulatory pressures and guidelines on dose requirements fuel the demand for interventional X-ray equipment with higher image quality and lower dose features, in addition to dose monitoring features.
Using Econometrics to Predict Medical Device Purchasing TrendsSeptember 12, 2017In healthcare, econometrics can be used to describe anything from healthcare infrastructure to return on investment, but in this brief, econometrics will be in reference to healthcare infrastructure. In regards to medical devices, econometrics provides a parameter, or structure, within which the purchasing of medical devices occurs; however, penetration of markets and external factors such as political, economic, regulatory shifts have a subsequent effect on the dynamics and volume of purchasing.
Interventional cardiology ultrasound at the forefront of medical imaging innovationAugust 30, 2017Global revenues for interventional cardiology ultrasound equipment were $131 million in 2016 and are forecast to reach $161 million in 2021. Global demographic changes, fears regarding radiation dose, and the increasing accessibility of ultrasound are driving growth for the interventional cardiology market, and interventional cardiology advancements are driving growth for minimally invasive procedures.
Interventional X-ray Equipment : Are advances in technology driving demand for interventional procedures or are interventional procedures driving demand for technology advances?August 14, 2017The relationship between interventional X-ray procedures and interventional X-ray equipment is interchangeable in terms of where the influences lie. Demand for interventional X-ray systems is largely influenced by procedural developments and the reimbursement available for them. However, some complex interventional procedures would not be able to be performed without advances being made in interventional X-ray technology.
Changes in ultrasound customer base are increasing demand for direct manufacturer interactionJuly 24, 2017With many trends influencing the growth of the ultrasound market, it is interesting to analyze the subsequent impact on the sales channels customers use to purchase equipment. As with most medical technology, the underlying factor of shrinking healthcare budgets is shaking up the ultrasound equipment product mix. The focus is on providing the best level of care and reducing high-cost procedures through prevention rather than cure; this is changing the way in which healthcare is provided. Not only are healthcare professionals seeking products that improve the return on investment, but also products that can be used in non-traditional applications; ultrasound equipment is now used by a greater variety of professionals than ever before. This is subsequently affecting the demand for user training and for receiving information directly from manufacturers.
UKRC – Dose all aroundJune 15, 2017The UK Radiological Congress (UKRC) and Radiation Oncology Congress (UKRO) convened in Manchester from Monday 12th to Wednesday 14th June 2017, featuring a busy exhibition hall and an extensive scientific educational programme. Tuesday 13th June was dedicated to ‘Dose Awareness Day’ and aptly radiation dose management was a fundamental topic of conversation throughout the congress.
Analyzing the market drivers and challenges for the adoption of handheld ultrasound systemsJune 14, 2017The growing popularity of quick examinations at the point –of –care is paving the way for the adoption of handheld ultrasound systems. These are portable ultrasound systems designed to be held by the doctor or technician conducting an imaging examination. This product category includes smart devices running mobile applications that operate as functioning ultrasound systems.