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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.
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.