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Handheld systems are the future of ultrasound, but are the startups?February 08, 2019The drastic growth of the handheld ultrasound equipment market is a result of a shift toward smaller and smarter medical imaging technology. From 2016 to 2017, handheld revenues grew over 18%, outpacing all other ultrasound product categories. Handheld ultrasound systems have been on the market for nearly a decade and are now booming due to numerous growth drivers, including portability and affordability, and solutions to previous obstacles, like insufficient image quality and lack of technological infrastructure and training.
Global medical imaging market hit $25 billion in 2017February 07, 2019Global medical imaging equipment revenues totaled $25 billion in 2017 and will grow at a compound annual growth rate (CAGR) of 3.2 percent through 2022. X-ray equipment will remain the largest imaging segment, followed by ultrasound equipment and computerized tomography (CT) equipment. GE Healthcare, Siemens Healthineers, and Philips Healthcare increased their combined global medical imaging market share in 2017.
Interventional X-ray market - Past, present and future?January 09, 2019The well-established and unshakeable interventional X-ray market is primarily dominated by leading manufacturers; Philips Healthcare, Siemens Healthineers, GE Healthcare, Shimazdu and Canon Medical Systems. How has product launches in the previous years affected the competitive landscape?
Sensors are here to stay: Impact on traditional patient monitorsJanuary 07, 2019Patient care is shifting from curative to preventative care, with investment heavily placed on limiting avoidable adverse events. Patient diagnosis is happening earlier to reduce the impact to the patient, and the subsequent cost to the provider. It is believed that by focusing on monitoring key health indicators, earlier diagnosis will ultimately reduce healthcare expenditure on non-communicable diseases (NCDs), which may have previously gone unnoticed until they required major and costly treatment. Patients are becoming much more involved in the decisions surrounding their own care paths.
IHS Markit to Judge Innovation Awards at ShowStoppers at CES 2019December 17, 2018IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, will again host and judge the Innovation Awards at ShowStoppers at the media reception at the Consumer Electronics Show (CES) in Las Vegas, Nevada.
A.I. in medical imaging… a must-have, whatever it is.December 11, 2018One might think new technology that holds the promise to reduce medical costs, improve diagnoses, and raise patient comfort would make for exciting conversations in the medical imaging industry. Instead, the mere mention of A.I. today causes frequent and dismissive eye-rolls. A.I. is a term that has been coopted by cooperate marketing machines that is now so vague as to be virtually meaningless.
Mammography Equipment Market: The rich get richerDecember 07, 2018The global mammography equipment market boomed in 2017, but strong performances in mature markets contributed to the growing disparity between these markets and smaller, emerging markets.
RSNA 2018: United Imaging’s American DreamDecember 04, 2018Equipped with confidence and ample investor contributions, United Imaging announced at RSNA its bold aspirations to enter and become a force in the United States imaging market.
MEDICA 2018 Brief – A change is comingDecember 03, 2018IHS Markit recently attended the world’s largest medical trade fair in Dusseldorf, Germany. With an attendance of over 120,000 visitors, the buzz around all things medical was very clear. Attendees ranged from healthcare professionals with a vested interest in learning more about innovative technologies, to dealers looking to establish relationships with new manufacturers.
Patient monitoring: Any signs of a pulse?December 03, 2018There has been a shift change in the patient monitor market, with innovation focused on improving cost efficiency, work-flow, and coverage of patient status. The continual push to monitor a patient status throughout the treatment pathway has increased demand for low-acuity monitoring. This has been further compounded by the increased throughput of patients, in addition to treatment in an ambulatory or outpatient setting. The new IHS Markit ‘Patient Monitors Report – 2018’ outlines the key technological trends in the market, and their subsequent impact on market growth and competitive environment.
RSNA 2018: The comfortable MRI scan –oxymoron no more?December 03, 2018Medical imaging manufacturers are working to relieve MRI-induced anxiety by enhancing patient comfort. Siemens Healthineers, Philips Healthcare, and GE Healthcare prominently displayed their latest patient comfort innovations at RSNA 2018. Increased patient comfort leads to better clinical and economic outcomes.
Demographic shifts in China mean new opportunities for ultrasound equipmentOctober 24, 2018China was the second-largest ultrasound market in the world in 2017, growing an impressive 15.8%. China’s ultrasound market has grown more than 10% nearly every year since 2009 when Healthy China 2020 policies were first implemented, but its landscape looks much different now than it did a decade ago. New reform initiatives are shifting ultrasound funds toward underdeveloped regions and healthcare facilities. Policies that once restricted private hospital market growth have been lifted.
Moving on up: Mobile MRI system demand is increasing, as provisions expandSeptember 19, 2018Magnetic Resonance Imaging (MRI) is the fastest growing and most versatile of all the imaging modalities. However, reducing healthcare budgets is a continuing trend, and this can sometimes deter investment towards the installation of additional MRI imaging facilities at clinical settings. Radiologists are under increased pressure to provide high-quality levels of service to patients, despite the increase in patient throughput, and the reduction of investment in healthcare provisions.
Non-traditional applications are not so non-traditional anymoreSeptember 06, 2018Radiology remains the largest clinical application, but the global ultrasound market is evolving as it grows, and non-traditional and point-of-care applications are now at the forefront of product development. In 2017, cardiology ultrasound growth outpaced other traditional applications and technology development boosted the non-traditional and point-of-care ultrasound markets. Primary care remained a major emphasis for manufacturers and end-users.
CT Equipment Market: Made in China...and the USASeptember 05, 2018China and the United States largely shaped the size and trends of the 2017 global Computed Tomography (CT) equipment market. GE Healthcare claimed the top market position, while Chinese companies United Imaging and Neusoft outpaced their Western cohorts. Combined, China and the US accounted for more than half of the world’s 2017 CT equipment revenues. Global revenues totaled just over $3,950 million, growing more than 3% year over year from 2016.
The UKRCO conference: a microcosm of healthcare in the UK?July 23, 2018The UKRCO could be considered the perfect platform and opportunity for medical imaging providers to showcase their transformative technologies. In turn, the AI capabilities in the systems of the imaging providers could revolutionize the UK’s healthcare service and become integral in the prevention by 2033 of more than 20,000 cancer-related deaths per year.he palpable absence of AI at UKRCO shows that even some of the most developed imaging markets in the West do not necessarily enjoy a clear head start when it comes to AI.
Artificial intelligence, handheld systems, and end-user comfort dominating ultrasound equipment designJune 25, 2018Three trends have dominated ultrasound product launches of the past year – artificial intelligence capabilities, handheld systems, and designing for the end-user’s comfort. Holley Lewis, lead analyst for the Ultrasound Intelligence Service, discusses the short-term outlook for these trends and their impact on the global ultrasound market.
Connectivity is everywhere, but continuity is nowhere.May 29, 2018The value proposition of consumer medical devices should not be ignored, not now, as consumers increasingly engage in personal health, nor in the future of healthcare, where patient generated data is instrumental in population health management. Connectivity rates have increased immensely in the last five years, pointing at better circumstances for integrated health initiatives, yet meaningful use has not moved much. Connectivity should not be mistaken for continuity.
Chinese and U.S. ultrasound equipment sales propelled the global market forward in 2017May 25, 2018Global ultrasound revenues totaled $6,644.1 million 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.