Signify Research - Monthly Insights on the Global Medical Technology Industry - March 2024
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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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ECR 2024: Next Generation Radiology: Imaging Industry Round-up
Written by Bhvita Jani
ECR 2024 illuminated the horizon of medical imaging, unveiling a seamless fusion of product breakthroughs and refined techniques that herald a new era in radiology. The overarching theme of this year’s European Congress of Radiology encapsulated the dynamic evolution of the medical imaging landscape to capture the latest pioneering advancements.
What Did ECR 2024 Reveal About the Future of the Medical Imaging AI Market?
Written by Ellie Baker
The theme of this year’s European Congress of Radiology (ECR) was “Next-Generation Radiology,” with AI featuring prominently. Vendors spanning the breadth of the imaging ecosystem were exhibiting, with many of the better-known imaging AI brands sharing latest developments, alongside perhaps less expected AI competitors such as United Imaging and displays firm Barco. While the dedicated AI exhibition featured approximately 50 vendors, fewer than its RSNA counterpart, foot traffic in the AI hall created a sense of optimism for AI vendors. ?Following discussions with numerous vendors during the event, we present our analysis of what the conference revealed about the medical imaging AI market.
AvaSure’s Episodic Virtual Care Solution
Written by Hamir Harbham
The digital health market was inundated with several announcements off the back of the ViVE 2024 conference last month. As it pertains to high-acuity telehealth, many announcements over the last year have related to the growing uptake of virtual nursing and virtual sitting technologies, along with the introduction of Gen-AI capabilities within telehealth applications. Whilst one of the leading vendors in these segments, AvaSure’s recent product launch had a focus on more traditional inpatient telehealth applications.
Philips Withdraws Select Sleep and Respiratory Solutions from US Market
Written by Kelly Patrick
Philips started the year with a bang with its shock announcement that it was withdrawing from the US market several of its sleep and respiratory solutions (notably from its Philips Respironics branded portfolio).
The Medical FPD Market Reaches 78,000 units
Written by Bhvita Jani
The medical FPD market, totalling just under 78,000 units in 2022, witnessed a slight retraction in both units and revenue. The most significant decline was seen in mobile general radiography, which was attributed to a surplus during the pandemic. A decline was also seen for mammography due to a shortage of semi-conductors, inflation hikes, and a market correction following elevated investment in breast imaging systems in 2021 as budgets returned post-COVID. However, the resurgence of elective procedures, coupled with pent-up demand, contributed to the positive uptake of mobile C-arm technology.
Infusion Pumps: The Evolution in Competitor Share
Written by Kelly Patrick
The Infusion market has seen various swings in competitive dynamics in recent years. Product recalls, company acquisitions, new product launches, component supply issues and the uptick in demand seen following the COVID-19 pandemic have all had their impact on the market environment. This insight provides a deeper dive into the evolution of the infusion market and subsequent impact on share of the leading players.
Home Comforts: Hospital-at-Home and the Evolution of Patient Care
Written by Gareth Jones
The Hospital-at-Home market has received much attention in the wake of the COVID-19 Pandemic as a means to alleviate hospital bed shortages, reduce costs, and improve health outcomes for appropriate patients. Advances in remote patient monitoring technologies and a supportive policy environment offer much promise, but formidable obstacles remain.
Signify Research: Analysis of the Ultrasound AI Ecosystem
Written by Mustafa Hassan, PhD
Signify Research has recently analysed the growing uptake of Artificial Intelligence (AI) in the use of ultrasound. In its most recent analysis, Signify Research forecasts the ultrasound AI market to increase from an estimated $11m in 2022, to $126m by 2027, a growth CAGR of 64.5%.
We have prepared an infographic that demonstrates the developing vendor ecosystem how AI is currently used in the ultrasound pathway.
Gen AI in Medical Imaging – The Opportunities, Barriers and Ecosystem
Written by Jon Hill
In the previous Insight, the concept of generative AI (gen AI) was explained, and the gen AI value chain, highlighting its ecosystem’s focal point on major technology companies, was examined. Gen AI is a type of AI constructed upon a foundation model that undergoes extensive training on an expansive corpus of unlabelled data. This starkly contrasts conventional machine learning algorithms, which rely on labelled data and are tailored for specific task-oriented training.
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AI in Medical Imaging Market Intelligence Service
Co-authored by Ellie Baker and Amy Thompson
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:
Ultrasound Market Intelligence Service
Co-authored by Mustafa Hassan, PhD & Aiyana Amess
his Market Intelligence Service provides regular data, insights and analysis on the global market opportunity for Ultrasound equipment.
The four deliverables included in the 2024 subscription are:
Telehealth Market Intelligence Service
Co-authored by Hamir Harbham & Alex Green
This Market Intelligence Service provides rolling 12-month coverage of the global telehealth market in both acute and ambulatory settings. It includes three dedicated deep dive market reports examining:
X-ray Market Intelligence Service
Co-authored by Bhvita Jani , Poornima Anil & Max Street
This Market Intelligence Service provides rolling 12-month coverage of the global X-ray market. It includes the following reports:
Generative AI Market Intelligence Service
Co-authored by Vladimir Kozynchenko & Jon Hill
This is the first edition of our Generative AI Market Intelligence Service, which consists of 8 deliverables published throughout 2024. It includes analysis of ecosystems and vendor opportunities and strategies in the realm of Medical Imaging, Digital Health & EMR, Pharma & LifeSciences as well as Big Tech.
Patient Monitors and Diagnostic Cardiology Market Intelligence Service
Co-authored by Gareth Jones & Kelly Patrick
The reports included in the Patient Monitor and Diagnostic Cardiology Service comprise of detailed global market data and forecasts, supported with analyst commentary, alongside deep-dive qualitative reports to evaluate key market questions.?
Two dedicated deep dive market reports covering market size, market forecasts, key vendors, and market share analysis examining:
Two topical reports discussing market tends, driver, barriers and developments in:
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.
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