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Smart Clothing at CES 2016January 19, 2016IHS expects the world market for smart clothing to exceed $600 million in 2020, growing from just $15 million in 2015. Beyond the obvious synergies between clothing and wearable technologies, what justifies such a prediction? This year at CES, a number of smart clothing providers showcased products that will ease smart clothing’s way into consumers’ daily lives. Some of these are new products, while others have added functionality to further their value proposition.
Infusion pumps and EMRs – together as one in 2016?January 04, 2016Interoperability, connectivity and integration are not new topics within the infusion pump market, but 2015 was a year of significant advances in bringing these themes to reality. Infusion pump manufacturers and electronic medical record (EMR) vendors are forming closer partnerships and collaborations, working together to build integrated infusion pump information platforms.
Brazil – Ultrasound Market Forecast Update AlertDecember 14, 2015As the year draws to a close, one of the highest growth markets for ultrasound imaging equipment has taken a significant downturn. The Brazilian ultrasound market has hugely underperformed against the IHS forecast due to a poor economic climate. As a result, IHS has amended the top-level initial five year forecast for the market.
Stalling innovation, efficiency, interoperability – key themes from RSNA 2015December 10, 2015Efficiency, patient through-put and cost of ownership – all key and interconnected themes at this year’s RSNA show. These three themes have also contributed to little focus on innovation in cutting-edge advanced features; instead upgrades and new software is based on providing cost-effective solutions that allow care-givers to optimise the equipment they have available, whilst maintaining patient satisfaction.
North America Surges Ahead with 3D Tomosynthesis Mammography AdoptionNovember 27, 20152D digital flat panel detector (FPD) mammography was the leading technology in both Western Europe and North America in 2014; however 3D FPD tomosynthesis systems are forecast to surpass 2D FPD mammography as the largest technology segment in North America by 2019. In Western Europe the transition is forecast to take longer, due to purchasers opting for upgradeable 2D FPD systems over standalone 3D digital systems.
Three Key Themes at the KronosWorks 2015 ConferenceNovember 24, 2015An estimated 1,800 guests attended this year’s KronosWorks, looking to hear about the latest products from Kronos Inc. as well as the vendor’s general expectations for human capital management (HCM) technology moving forward.
Will sensors and precision medicine solve the chronic disease problem?November 20, 2015Medication adherence has historically been a challenge in healthcare, especially with chronic disease patients, where adherence levels are as low as 50%. Although this issue has been a problem for decades, no impactful solution has been introduced. There have been attempts to improve adherence, with examples such as digital pill dispensers that feature embedded alerts, and peripheral devices such as watches that notify the patient and/or the caretaker whenever medication is due. To date, uptake of both has been limited due to price and poor user experience.
Cognitive Computing in HealthcareNovember 19, 2015The stigma around using artificial intelligence has led to the term ‘cognitive computing’. As excitement and, quite frankly, the need for data mining and analysis engines grows, it is being viewed differently by the healthcare community. There are two reasons why cognitive computing will be welcomed in the healthcare market.
Connected health at the inception of the hockey stickNovember 13, 2015This year at the mHealth Summit, there was a pronounced change in the perception of technology in healthcare. Focus has shifted from mobile healthcare to the broader concept of connected health. For technology vendors, this has resulted in greater consideration of the Internet of Medical Things, and for healthcare providers a heavy focus on population health management.
Healthcare IT: Managing the Care Continuum through Technology InnovationNovember 12, 2015As part of the Medical Technology research methodology at IHS, we regularly hold conversations with the vendors providing hardware and software solutions to healthcare providers, as well as the providers themselves. This article is the second in a series that highlights key points from these recent provider discussions. In general, all of the conversations in this series involve managing the care continuum through technology innovation. The following discussion was held with Courtney Green, Director of Nursing at OhioHealth and Sue Schodorf, Application System Consultant at OhioHealth. Specific topics covered include medical human capital management (also known as workforce management), cloud-based solutions, analytics and EMR integration.
Medical Purchasing Changes Due to Weaker Economic growthDownload our latest white paper.November 11, 2015
Predictive Analytics at the HR Tech 2015 Conference – Check back in 2016October 29, 2015Any vendor that is not already talking about predictive analytics will quickly fall behind the curve, with both new startups and established ERP vendors at HR Tech touting their latest progress for gathering, sorting and analyzing big data for strategic HR management.
Ultrasound – the largest medical imaging market globallyOctober 08, 2015More ultrasound systems were sold in 2014 than CT, MRI and X-ray combined. Over 170,000 ultrasound systems were estimated to have been shipped globally in 2014, accounting for over 60% of the total medical imaging market. Strong growth is forecast in the ultrasound market, with over 1 million ultrasound systems projected to be sold during the period 2014 to 2019. Uptake will be driven by demand in traditional applications such as radiology and OB/GYN in developing regions and the expanding use of ultrasound in new applications including MSK and critical care, and procedural guidance in mature markets.Subscribers Only
New medical device catalog to drive growth for domestic suppliers in ChinaSeptember 28, 2015In May 2014, the National Healthcare and Family Planning Commission (NHFPC) launched the ‘Excellent Domestic Medical Device Selection’ program. This is the first government approved open selection of domestic medical devices in China in order to form the ‘Excellent Domestic Medical Device’ catalog. In such a large potential medical electronics industry, fighting for more market share for local brands will always be a core focus of the Chinese government creating an increasingly challenging environment for multinational suppliers.
Internet of Medical things at Qualcomm Life Connect 2015 – Analyst CommentarySeptember 21, 2015As Nariman Behravesh, lead economist with IHS, has noted “nurturing the process of innovation will ensure that the huge improvement in the human condition that has occurred over the past two centuries was not a fluke of history”. Indeed, nurturing innovation was the primary topic of conversation at Qualcomm Life Connect 2015 (Internet of Medical Things) held in San Diego during August 31 and September 1, 2015. With cautious optimism about short-term growth expectations for digital health, and more resolute optimism for growth in the long-term, the event brought together several key players in the digital health ecosystem that are making use of Qualcomm’s 2net/Healthy Circles connectivity platform. This article is a synopsis of Connect 2015 with additional insight from recent work that IHS has conducted in regard to digital health.
Apple Conjures More Success With the “Identical” but Innovative iPhone 6SSeptember 08, 2015With the iPhone 6S, Apple has introduced many more innovations than it added with last years' iPhone 6 and 6 Plus. Apple has performed the ultimate conjuring trick: Change everything about the iPhone, but make it look almost identical to the old model. As a result, IHS forecasts the magic of the iPhone business will continue to drive Apple.
Google extends Android Wear reach with iPhone compatibilitySeptember 03, 2015This is not the first time that Google’s hardware is compatible with iOS. Google’s experiment with eye-wear, Google Glass, was also compatible with iPhones in addition to Android and offered very similar functionality. This is a big step for the smartwatch industry. To date, iPhone users’ choices of smartwatches were limited...
Infusion pumps hacking: what is the risk?August 24, 2015Infusion pumps are among the most frequently recalled medical devices by the food and drug administration (FDA), often in response to design or manufacturing product defects that could cause significant risk to patients. More recently, the FDA has been monitoring cybersecurity risks just as rigorously as hardware product defects.
Cone-Beam CT dental units to drive growth in global dental X-ray marketAugust 17, 2015Rising demand for implant dentistry, maxillofacial surgery and orthodontics are the major factors driving strong market demand for cone-beam computed tomography (CBCT). Globally CBCT units are forecast to grow at a compound-annual growth rate (CAGR) of 10.8% from 2014 to 2019, generating almost $800 million in annual revenue by 2019. This is far above the growth of other dental X-ray segments (intraoral and extraoral), and outpaces almost all other medical imaging modalities in terms of unit growth globally.