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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.
Integration, Analytics, and Empowerment: Highlights from MGMA17October 30, 2017The Medical Group Management Association (MGMA) 2017 annual conference held in Anaheim, CA, from October 8th to 11th brought together over 1,500+ medical practices and 1,600+ members. The conference’s theme of empowerment urged member practices to vote with their dollars as they navigate the labyrinth of ever-changing regulations while providing the best care for patients and managing the business aspects of healthcare delivery.
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.
Outpatient growth drives ultrasound equipment volumesNovember 03, 2016The global ultrasound imaging equipment market is estimated to have been worth $6.16 billion in 2015; an increase of 1.2% from 2014. This rate of growth is lower than previously forecast, which is primarily due to the impact of a strong US dollar and other foreign exchange fluctuations, which affected the sales of foreign US subsidiaries. The market also experienced a period of highly competitive pricing which lowered average sales prices (ASP), particularly in Latin America and Europe. For some vendors, this ASP erosion was further exacerbated by the effects of shifting foreign exchange rates. Stronger growth is predicted for 2016 because of new product launches from Carestream, Fukuda Denshi, Hitachi-Aloka, and VisualSonics (Fujifilm SonoSite), and because of increased volumes in point of care and obstetrics applications. On a unit volume basis, shipments were up by 4% over 2014. The results for 2016 are expected to be closer to a 5% increase. Growth in the market through 2020 is being driven by uptake of mid-range and high-end cart-based systems in both emerging and developed markets for use in traditional applications. Uptake will also be bolstered by further development of the use of compact ultrasound systems in point-of-care (POC) applications.
Qualcomm Life and Philips Healthcare Partner for Personalized Connected HealthcareSeptember 21, 2016At the 5th annual Qualcomm Life Connect conference held in San Diego during August, Rick Valencia (SVP Qualcomm Life) and Jeroen Tas (CEO Connected Care Health Informatics, Philips) delivered keynote presentations concerning a new partnership that seeks to spur forward personalized connected health care from healthy living and prevention to chronic care management and home care—IHS Markit refers to the varied technologies surrounding patient connectivity simply as digital health. The goal in creating the partnership is to leverage each company’s respective capabilities, which includes Philip’s connected health informatics and regulated health care cloud data management and analytics (2net), and Qualcomm Life’s platform for secure, medical-grade device connectivity and integration (HealthSuite). Philips will also enable third party medical devices to connect to HealthSuite.
Apple extends Apple Watch retail presence with Best Buy dealJuly 29, 2015Allowing Best Buy to stock the Apple Watch could expand Apple’s footprint to over 1200 retail locations. Best Buy has over 1000 stores in the United States, which is more than Apple’s 267 shops.. The initial agreement however only includes 300 stores in 2015. As a highly personal product with many strap options, potential customers...
CMS to cover lung-cancer screening with low dose CTMarch 02, 2015The Centers for Medicare and Medicaid Services (CMS) has recently announced plans to provide immediate coverage for the use of low-dose computerized tomography (CT) for lung-cancer screening in the United States.
Apple risks new categories with iPhone 6 phablet and Apple WatchSeptember 09, 2014Apple launches its first wearable -- the Apple Watch -- as well as revitalizing its iPhone range and moving into mobile payments with Apple Pay. Apple's bold new products depend on the continued success of the iPhone to succeed, but with a 2015 availability data, Apple has many things still to do to finish its first generation smartwatch.
AT&T sees new mobile opportunities with Timex's Ironman cellular smartwatchAugust 07, 2014Timex has announced its first 3G-enabled smartwatch, the Ironman One GPS+, and it will work as a standalone device with cellular connectivity. It features four hardware buttons and a touch screen. The smartwatch features a 1.5-inch low power Mirasol colour display and runs on Qualcomm’s Brew platform. It has 4GB of in-built storage and Bluetooth connectivity. Timex claims...
Reduced reimbursement for COPD patient readmissionsJune 25, 2014Despite a number of recent measures to curb healthcare spending in the US, increased expenditure is continuing to rise in order to provide sufficient care to an increasing number of chronically-ill patients. One measure to tackle rising healthcare costs is to reduce reimbursement payments; with an increasing number of patients, payment rates cannot be maintained if healthcare spending is to be addressed.
United States Health Information Exchange Adoption Lags Behind Despite Large InvestmentsFebruary 19, 2014The United States had the largest market for health information exchange (HIE) in the world in 2013. Stimulus dollars allocated toward the advancement of the US healthcare system through the HITECH Act and the governments meaningful use initiative have aided the development of the HIE market in the United States. However, the adoption rate of HIE in the United States continues to lag behind countries in Scandinavia and Oceania.
Consumer Medical Devices Set for Stable Market GrowthOctober 11, 2013The world market for consumer medical devices will enjoy steady growth in the years ahead as aging populations climb in number and diseases exacting their toll require observation and supervision. Global revenue for ...
The Galaxy Gear smartwatch is a bold experiment and a new kind of smart accessorySeptember 05, 2013The Galaxy Gear is a statement of intent by Samsung that if the smartwatch category is to prove successful, then Samsung will be one of the winners. Samsung has done an outstanding job securing a wide range of apps for the Galaxy Gear launch. But this ini