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Combatting COVID-19 via X-ray powered imagingMay 06, 2020Almost six months since the earliest detected cases of COVID-19 in Wuhan Province China, the pandemic has since spread rapidly in breadth and depth. The increased strain the disease has placed on healthcare facilities is being realised in countries with the highest number of cases. This insight is intended to provide an update on its impact on the X-ray market.
White paper on COVID-19 impact - Update on the world’s major healthcare device marketsMay 01, 2020The Healthcare Technology team at Omdia has reviewed several of the core medical device markets to understand how the pandemic is changing purchasing and affecting demand at a time of critical decision-making. The team’s expertise has been garnered to provide an update on the key medical imaging and clinical care markets to serve as a guide for the healthcare industry during a time of uncertainty.
Ultrasound: First COVID-19 deregulation, next democratization?April 29, 2020As the Coronavirus Disease 2019 (COVID-19) continues to challenge the United States’ healthcare system, the Food and Drug Administration (FDA) is attempting to aid response efforts by adjusting regulations. Relaxed imaging regulations, while temporary, could be a major step towards the democratization of ultrasound.
Pressure builds in medical device industry as new MDR regulations loom amid COVID-19 crisisApril 14, 2020The EU's $125 billion medical device market is facing significant pressure as the deadline for the MDR requirements looms closer, coming into effect on May 26, 2020.
Scanning for certainty: Navigating the ultrasound market during the COVID-19 pandemicApril 08, 2020Nearly every industry has been touched in one way or another by COVID-19, but the healthcare market has experienced one of the most direct impacts. Government healthcare relief funds are allocating money for ultrasound systems that are being used for the triage, monitoring, and diagnosis of COVID-19 patients, but far-less than the amount being allocated to purchase other essential equipment. The outlook for the ultrasound market is especially unclear since government intervention is not expected to completely counteract the negative impact of COVID-19.
Strong uplift in shipments expected for ventilators, despite current extreme shortageApril 01, 2020As the daily toll of those sickened from the coronavirus continues to rise across the globe, an acute shortage of ventilators is prompting a desperate search for the critically needed machines, prompting government-led initiatives as well as private-sector partnerships to come up with new ventilator solutions.
Advancing clinical decision support and telehealth in times of crisis - Insight from a virtual HIMSS 2020March 26, 2020The Healthcare Information and Management Systems Society (HIMSS) had to cancel its annual health IT conference due to growing concern over the novel coronavirus (COVID-19) outbreak, which was quickly becoming a pandemic. This marked the first time in nearly sixty years that the conference has been cancelled and as we have seen since, not only has every other conference been canceled or postponed, but entire cities are now under quarantine. To salvage as much of the conference as possible, many of the scheduled on-site meetings carried on remotely. During the meetings vendors highlighted technology that could potentially ease the strain for which many healthcare systems are now experiencing, a few examples are included in this insight.
Market for cancer-fighting radiotherapy and proton therapy equipment to be worth $6.6bn 2020March 26, 2020The global market for radiotherapy and proton therapy equipment will continue to grow given the need to deploy more cancer equipment to battle the disease in the years to come, new research at Omdia shows.
How Brexit will affect the UK healthcare market in 2020February 26, 2020After three-and-a-half years of long and often tedious negotiations, the UK finally left the EU on January 31. Despite the official exit date, a long road is ahead for all parties to come to agreement on the official terms of the exit, due by the end of this year, on Dec. 31. During this 11-month period, the UK will continue to follow all EU rules, and its trading relationship will remain the same. It is also during this time that many agreements likely to affect the healthcare market will be negotiated. The Healthcare Technology team at Omdia discusses what has happened over the last few years and what is likely to occur in the next few years.
Caption Guidance gains FDA approval: AI addresses the heart of the ultrasound issueFebruary 20, 2020On 7 February 2020, Caption Health gained U.S. Food and Drug Administration (FDA) approval for the sale of its Caption Guidance artificial intelligence (AI) software. Caption Guidance joins several other vendors that have applied AI technology to cardiovascular ultrasound in recent years.
Infervision’s AI provides triage in the fight against the coronavirusFebruary 18, 2020IHS Markit (now a part of Informa Tech) speaks with Dr. Matt Deng, Chief Scientist and Director of Infervision North America, about the company’s targeted AI which has already been used in 10,000 coronavirus cases.
Healthcare (technology) is on the 2020 presidential ballotFebruary 05, 2020Although the year 2020 has only just begun, it is gearing up to be a monumental year for politics in the United States. From the impeachment trial of President Trump in January and February, to the Democratic Party primaries spanning from February to July, and the presidential election in November, the 2020 agenda is jam-packed. Events throughout the year could have lasting repercussions on the political and economic landscape of the country, nearing the top of the list of Americans concerns is healthcare policy.
How can the latest breakthroughs in medical imaging assist in diagnosis of the coronavirus epidemic?January 31, 2020As the death toll of the coronavirus has now reached 213, global apprehension continues to rise in response to the epidemic, with increased measures of quarantine and medical screening, as well as travelers from China being sanctioned. Mounting pressure and demand for mass screening in China, the nation with the largest population in the world, is well underway. Current developments in medical imaging show how technology can be engineered to combat major disease to help reduce mortality rates.
How will Artificial Intelligence Impact Medical Imaging in 2020? RSNA 2019 Round-upJanuary 28, 2020The IHS Markit Healthcare Technology team recently attended the annual Radiological Society of North America (RSNA) 2019 meeting in Chicago in December. The general buzz around artificial intelligence (AI) was still very prominent at the show, with vendors showcasing AI integrated software algorithms that promise to reap the rewards to those that invest. This insight provides an overview of the core AI trends witnessed at show, and what 2020 has in store for AI in medical imaging.
Artificial Intelligence (AI) for medical diagnosticsJanuary 16, 2020It is clear that the application of AI within healthcare is here to stay. Part of the AI research Omdia been conducting over the last two years has been focused on machines developed primarily for medical diagnostics and drug discovery, with our most recent reporting now covering more than $8 billion in venture funding for 363 machines and counting...
RSNA 2019: What can augmented reality technologies bring to surgical theatres?January 14, 2020Over the last few years the technology has been undergoing rapid development; from AR glasses from google to the AR games such as Pokémon GO. The technology has started to enter the medical technology field.
The future of the hand-held X-ray market: Calneo Xair vs Micro C who has the upper hand?January 14, 2020The design of hand-held X-ray systems is tailored towards overcoming some of the barriers which conventional mobile X-ray imaging systems currently present. However, speculation still looms over how successful these novel X-ray devices will be in proving their clinical and economical benefit.
Accelerating hybrid operating room usage using innovative technologies: the 360January 09, 2020Innovations within the hybrid operating rooms (HOR) are developing at a rapid rate, the latest blockbuster innovations include: augmented reality software systems, 3D medial printing and robotics systems; all aiming to transform pre-surgical planning.
Big data in ultrasound is not all sunshine and rainbowsJanuary 07, 2020The collection and analysis of large volumes of information, big data, has reached the ultrasound imaging market, and its application will fundamentally change the industry. Despite the large potential upside, the application of big data to ultrasound may be occurring too quickly, resulting in unintended consequences, primarily surrounding patient data security.
“Hey Google.. Should we acquire Fitbit?”November 14, 2019Google announced its acquisition agreement of Fitbit on the 1st November 2019, a deal worth $2.1 billion and expected to close in 2020. Fitbit will strengthen Google’s so-far failed wearable technology strategy, but Fitbit’s journey has not been a fairytale ride either.