Against the backdrop of artificial intelligence in medical imaging and other hyped healthcare IT technologies, market trends in core radiology IT software and services can easily be overlooked. Many of the largest markets in North America and Western Europe have reached saturation, with few new “greenfield” opportunities. Instead, the dynamics of much of the global radiology IT market revolve around long procurement cycles, replacement or contract roll-on and an entrenched customer base.However,
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Signify Research | Healthcare Technology Market Intelligence
Why The Handheld Ultrasound Market Is Poised for Next Wave of Growth
This year marks the tenth anniversary of the launch of the first handheld ultrasound scanner, GE Healthcare’s Vscan, yet the market has largely failed to live up to expectations. In 2018, sales of handheld ultrasound accounted for less than 2% of the $6.9 billion global markets for ultrasound equipment. The relatively high cost and limited performance of early generation handhelds were limiting factors. Steady product improvements over the years, coupled with fresh innovation from new market
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ATA 2019 Show Report – Don’t Be Fooled by First Impressions
2019 will be a big year for telehealth, but for those attending ATA 2019 in New Orleans last week, it may not have seemed so on the surface. Particularly given that attendee numbers peaked several years ago and one-or-two high-profile regulars, such as Philips and Vidyo, were also missing from the exhibition floor this year.With telehealth enjoying center-stage coverage at HIMSS (only two months ago) and being a key theme at consumer electronics/telecoms shows such as CES and MWC, the annual ATA
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Healthcare M&A: How Carestream Will Change Philips Strategy in Imaging Informatics
Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
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4 Pillars of Value for AI in Medical Imaging
At ECR this year, there were over 25 independent software vendors (ISVs), many of them start-ups, showcasing artificial intelligence (AI) solutions for medical imaging within a dedicated space. Additionally, with established imaging vendors foraying into the AI space, what was once the hype is now in the early stages of market maturity, and, it appears, AI within medical imaging is here to stay. The question has now shifted to what clinical value AI solutions can provide, rather than if AI is
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HIMSS19 Agrees – 2019 Will be a Big Year for Telehealth
Telehealth has been a key theme at HIMSS for several years now; that said, it has never quite lived up to its own hype and to some extent has been viewed as a “niche” area compared to some of its bigger brothers such as EHR and population health. The back-end of 2018 and start of 2019 saw developments that are likely to change this in the near future.The Centers for Medicare & Medicaid Services (CMS) updated several of its guidance models and the 2019 physician fee schedule in relation to
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4 Barriers to Overcome Before AI in Medical Imaging Becomes Mainstream
The world market for artificial intelligence (AI) in medical imaging, comprising software for automated detection, quantification, decision support, and diagnosis, is forecasted to reach $2 billion by 2023, according to a new report from Signify Research, an independent supplier of market intelligence and consultancy to the global healthcare technology industry. The report, “Machine Learning in Medical Imaging – 2018 Edition” provides a data-centric and global outlook on the current and
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Why 2018 Will Be A Landmark Year for GE, Siemens, Canon and Philips
With the new year dawning, the competitive landscape for global medical technology is mired in uncertainty. Of the “big four” vendors (GE Healthcare, Siemens Healthineers, Philips and Toshiba Medical Systems) three are undergoing radical change, creating perhaps one of most volatile competitive market environments for some time. Add to this the visible presence of new market entrants from informatics, outsourcing, consumer technology and the rapidly growing artificial intelligence sector, and
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