Signify Research - Monthly Insights on the Global Medical Technology Industry - December 2023
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Please find below the latest healthcare technology insights from the Signify Research market analyst team. We are always delighted to receive your feedback on our Insights. Please get in touch if you'd like to arrange a briefing with one of our analysts to explore these topics in more detail.
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Featuring Amy Thompson and Alan Stoddart
We are excited to launch new video content to provide our expert insights through ever more accessible forms of media. As usual these market insights will highlight our Analysts takes on the developments within the healthcare tech arena.
In this first video,?Amy Thompson , Research Manager and?Alan Stoddart , Editor of Signify Premium Insights Medical Imaging, discuss topics in Signify Research’s Imaging IT Market Intelligence Service, including growing opportunities within Enterprise Imaging and what exciting trends to look out for in the coming year.
Written by Hamir Harbham
Earlier this month, Georgia-based health system Emory Healthcare announced the launch of a pilot of AI-powered virtual inpatient monitoring in two of its hospitals in a collaboration with Andor Health. In the announcement, Emory Healthcare stated that the technology will support in providing additional safety for at-risk patients. The project has an initial plan to install Andor Health’s virtual sitting technology in an initial 32 patient rooms during the first year of the partnership, with a planned expansion to 50 additional rooms during the second year. The program involves Andor Health’s virtual observers working with registered nurses via a control centre, to utilize voice activation technology to provide 24/7 monitoring services and alerts to on-site staff.?
Written by Simon Harris
Our team of top analysts have reviewed their beginning-of-year predictions for 2023 and provided a summary of how close our predictions were to manifesting in reality.?
Despite a tumultuous year of changing economic, political, and regulatory macro-influences, big technology lay-offs and the rapid emergence of potentially disruptive technology such as generative AI, most of our predictions held up, with only a few expectations missing the mark, or the timing of actual realisation being slightly off (see our 2024 predictions for more on this).
Written by Vladimir Kozynchenko
In the previous Insight , we defined what generative AI (gen AI) is and discussed the gen AI value chain and how the ecosystem is centred around big tech. To recap, gen AI is an AI built on a foundation model trained on a large corpus of unlabelled data. In contrast, traditional machine learning algorithms use labelled data, and are trained to perform a specific task...
Written by Kelly Patrick
Analysts from the Medical Imaging and Clinical Care teams recently descended on the MEDICA Trade Fair held in Dusseldorf, Germany. Claiming to be the world’s largest medical show, MEDICA housed over 5,300 exhibitors from over 70 countries during its four-day event. We provide our thoughts on the key trends and developments the analyst team saw whilst at the event.
Trend One: Digital Health Draws in the Crowds
There is no doubt that the age of the digital revolution has been in full force throughout the medical industry in recent years...
Written by Alexandra Bream
Digital pathology may have been a nascent sector historically, but sudden growth in the market since 2020 has sparked attention from both pathology and wider healthcare stakeholders.??
As investment continues, these wider stakeholders are becoming increasingly influential, and conversations surrounding pathology digitisation have started to evolve accordingly.??
One of the prime initiatives currently underway has to do with the standardisation of file formats and, therefore, interoperability of data in both digital pathology and wider healthcare...
Written by Kelly Patrick
Signify Research recently updated its analysis of the Infusion Pumps market. In the second edition of the global report , Signify Research noted a downgrade in its previous market projections for 2022 on the basis of purchasers being more cautious post-pandemic. Product recalls, supply constraints, market saturation and ongoing inflationary pressures continued to hamper revenue growth.
However, year-on-year revenue growth for infusion pumps is forecast in the next two years, with revenues reaching $2.6 billion by 2027.
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Authored by Hamir Harbham
This is a new Market Report for the global market for Telehealth – High-Acuity – World – 2023, published in June 2023.
Key Issues Addressed:
How large is the global high-acuity telehealth market in terms of revenue and how will this change over the next five years?
How is the telehealth high-acuity market split between Tele-ICU/Clinical Surveillance, Episodic Virtual Clinical Care and Tele-Observation/Tele-Nursing?
What is the penetration of Tele-ICU/Clinical Surveillance into the overall base of ICU beds?
Beyond the main ICU, which hospital departments are increasing their use of clinical surveillance solutions (e.g. ED, step-down, general ward, paediatrics, labour & delivery)?
How is the services market split between IT and Physician Support?
Authored by Vladimir Kozynchenko
This Market Intelligence Service provides rolling 12-month coverage of the fast-moving Generative AI market. It includes six market reports over this period examining:
Authored by Amy Thompson
This Market Intelligence Service is an annual subscription that provides ongoing data, insights and analysis on the global opportunity for Imaging IT.
The five deliverables included in the 2024/2025 subscription are:
Authored by Ellie Baker
This Market Intelligence Service provides regular data, insights and analysis on the global market opportunity for AI-based medical image analysis.
The four deliverables included in the 2024 subscription are:
Authored by Kelly Patrick
This Market Intelligence Portfolio provides rolling 12-month coverage of the Clinical Care markets. It also provides a supplementary database* that aggregates key market data points from each individual product area assessed. It includes five dedicated deep dive market reports covering market size, market forecasts, key vendors, and market share analysis, focused on:
Authored by Imogen Fitt
This Market Intelligence Service provides a rolling 12-month coverage of the global Digital Pathology market.
The deliverables included in the 2024 subscription are:
Signify Research provides healthtech market intelligence powered by data that you can trust. We blend insights collected from in-depth interviews with technology vendors and healthcare professionals with sales data reported to us by leading vendors to provide a complete and balanced view of the market trends. Our coverage areas are Medical Imaging, Clinical Care, Digital Health, Diagnostic and Lifesciences and Healthcare IT.
Clients worldwide rely on direct access to our expert Analysts for their opinions on the latest market trends and developments. Our market analysis reports and subscriptions provide data-driven insights that business leaders use to guide strategic decisions. We also offer custom research services for clients who need information that can’t be obtained from our off-the-shelf research products or who require market intelligence tailored to their specific needs.
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Wow, what a robust rundown of insights! With AI driving more patient safety initiatives through high-acuity telehealth, we can expect a significant market transformation. Also, the patient engagement perspective comes into sharper focus as Gen AI takes center stage. It seems that digital health and tech partnerships will remain as the lifelines for modern healthcare innovation. Looking forward to how these predictions turn out! #HealthTechTrends #DigitalUpheaval #AIinHealthcare