Signify Research - Monthly Insights on the Global Medical Technology Industry - June 2023

Signify Research - Monthly Insights on the Global Medical Technology Industry - June 2023

Please find below the latest healthcare technology insights from the Signify Research market analyst team. In this month’s newsletter, our complimentary analyst insights look at Please find below the latest healthcare technology insights from the Signify Research market analyst team. In this month’s newsletter, our complimentary analyst insights look at the abundant growth opportunities within the Imaging IT market, how technology vendors should steer the digital pathology revolution, a show round-up for key trends seen at ATS 2023, a unique insight into what value-based care buyers need from their patient engagement IT from our decision-maker research activities, an insight into the X-ray & Mobile C-arm equipment market exceeding $4B, the key trends seen at the AACN NTI 2023 event, more on the High-Acuity CIS battleground: Best-of-Breed vs. EHR, as well as a view into the changing requirements and shifting priorities of the high acuity telehealth market. 

The first eight insights are free to access, while the ones that follow require a subscription to our Premium Insights services. If you don’t have a subscription to these services but would like to view the content, we can provide you with a month’s free trial.

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As usual, we welcome your feedback on our insights and please get in touch if you'd like to arrange a briefing with one of our analysts to explore these topics in more detail.

Best regards,

Simon Harris, Managing Director

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Simon Harris | Managing Director

Free Insights

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Amy Thompson | Senior Analyst

Abundant Opportunities for Growth in the Imaging IT Market

Co-written by Amy Thompson and Annabel Dimmock

As the global pandemic fades into the periphery, investment was in full swing across many global markets, exemplified by the total imaging IT market growing to $5.2bn in 2022.

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Imogen Fitt | Senior Analyst

How Should Technology Vendors Help Steer the Digital Pathology Revolution?

Written by Imogen Fitt

Digital pathology (DP) adoption is continuing to scale dramatically, with the global market reporting growth of 37.3%, 31.4% and 27.3% over the last three consecutive years. Such growth is, however, relatively new to a market which has been around for decades and only recently started to accelerate in both research and clinical domains.

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Kelly Patrick | Principal Analyst

Key trends seen at ATS 2023

Written by Kelly Patrick

The American Thoracic Society recently held its annual conference in the US capital of Washington city. The event saw a hustle and bustle of healthcare professionals in the field of respiratory and sleep medicine exploring new clinical trends and product innovation.

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What VBC Buyers Need from Patient Engagement IT

Co-written by Mohita Deshpande and Rohinee Lal

Over the last decade, the healthcare landscape has been undergoing a significant transformation, with an increasing focus on Value-Based Care (VBC). The VBC model is a replacement for traditional fee-for-service in which providers are reimbursed based on patient health outcomes and the quality of care provided, rather than the quantity.

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Bhvita Jani | Research Manager

Interventional X-ray & Mobile C-arm Equipment Markets collectively exceed $4 billion in 2022

Written by Bhvita Jani

There was notable growth for the Interventional X-ray and Mobile C-arm Equipment market in 2022, with revenue CAGR of 9.5% and 13.8% respectively, according to a new report from Signify Research.

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Key Trends at AACN NTI 2023

Written by Tosin A.

The annual American Association of Critical Care Nursing (AACN) NTI conference was a hive of activity attended by an array of clinicians, nurses, product specialists and leading vendors in clinical care. Digitalisation, analytics, and methods to improve ICU care were at the forefront of discussions through educational symposiums and live product demonstrations. 

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High-Acuity CIS Battle Ground: Best-of-Breed vs. EHR

Written by Arun Gill

Signify Research valued the global High-Acuity CIS market at USD $1.5bn in 2022. The market is evolving and competition amongst both Best-of-Breed and EHR vendors is intensifying. Here we dive deeper into the trends that are developing within the market.

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Period of Renaissance for the High Acuity Telehealth Market

Written by Hamir Harbham

Changing requirements and shifting priorities of hospitals and health systems has had a profound impact on the structure and dynamics of the high acuity telehealth ecosystem. Signify Research has traditionally broken down the market into two key components: Tele-ICU/Clinical Surveillance and Clinical Examinations.


The following insights are from our Signify Premium Insights subscription services, Signify Premium Insights – Medical Imaging and Signify Premium Insights – Digital Health.

If you don’t have a subscription to these services but would like to view the content, we can provide you with a month’s free trial.

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Premium Insights - Medical Imaging

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The Sun is Out – IT Vendors Must Make Hay

Written by Alan Stoddart

Signify Research’s recently released Imaging IT core report reveals a market offering a rare opportunity, with vendors offered a rare chance to shake-up the established order. In this Premium Insight, the report’s authors explain how this opportunity could be leveraged.

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Vendor Financials Round-up – The Health of the Imaging Sector Q1 2023

Written by Alan Stoddart

Headwinds still blow, but many of the most volatile factors impacting the prospects of medical imaging vendors abated in 2023’s first quarter. There are, however, still challenges looming on the horizon.


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United Imaging: Self-Awareness and Strategic Dilemmas

Written by Alan Stoddart

United Imaging has released its first annual report since listing as a public company. The vendor enjoyed solid growth, but the report also revealed difficult strategic decisions.


Premium Insights - Digital Health

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The Hanging Questions of Babylon

Written by Mark Lazell

Amwell and Teladoc’s Q1 2023 quarterly revenues continue to underwhelm, and bringing new customers on board is proving hard. Will selling more solutions to existing customers be the ticket to growth going forward?


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EHR Vendor Financials Q1 2023

Written by Mark Lazell

Q1 2023 results show how Germany Hospital Futures Act contracts are finally filtering into vendor revenues. Meanwhile, in the US, the revenue rift between tier-1 vendors and the long tail of smaller players widens further.


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The US Public Health Emergency Ends, but Telehealth’s Wait for Clarity Goes On

Written by Mark Lazell

The end of the US COVID public health emergency last month should have offered a clearer path forward for the telehealth industry. Instead, temporary extensions to pandemic-era measures are prolonging uncertainty. 


Featured Research

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Imaging IT Market Intelligence Service

Written by Amy Thompson and Annabel Dimmock

This Market Intelligence Service is an annual subscription that provides ongoing data, insights and analysis on the global opportunity for Imaging IT. The five report deliverables are:

  • Imaging IT – Core Data Update and Full Report
  • Imaging IT – Market Opportunities for Enterprise Imaging
  • Imaging IT – Core Data Update and 2H Refresh
  • Imaging IT – RSNA Show Report
  • Imaging IT – HIMSS/ECR Show Report


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Telehealth - Market Intelligence Service

Written by Alex Green

Signify Research’s Telehealth Market Intelligence Service provides subscribers with a rolling set of publications over a twelve month period that provide deep-dive analysis on the use of telehealth in a range of care settings and geographies.

The deliverables included in the 2023/2024 subscription are:

  • Telehealth – High Acuity market (e.g. Clinical Surveillance, surgical/medical support) – Publication Date May 2023
  • The Remote Patient Monitoring (RPM) market – Publication Date October 2023
  • The Primary Care telehealth market – Publication Date February 2024


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AI in Medical Imaging Market Intelligence Service

Written by Sanjay M Parekh, PhD

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 2023 subscription are:

  • Vendor Sentiment Index (VSI) – Topical Tracker – Quarterly
  • AI in Medical Imaging World Market Analysis 2023 – Core Report – June 2023
  • Competitive Ecosystem – Topical Report – October 2023
  • RSNA Show Report – Show Report – December 2023


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High-acuity Clinical Information Systems

Written by Arun Gill

This is a proposal for a new Market Report on the global market for High-acuity Clinical Information Systems, to be published in June 2023. 

Report Overview

Market

  • Identify the products and end-markets driving growth
  • Review the market drivers and barriers for growth
  • Analysis of the impact of COVID-19 on market demand
  • Analysis of the architectures being used to support High-acuity CIS software platforms

Competition

  • Market share estimates for the leading vendors
  • Analysis of the influence the EMR/EHR vendors are having on the international market
  • Detailed profiles of >25 vendors

Technology

  • Analysis of each core product by architecture, vendor type and feature
  • Analysis of cloud adoption in addition to software as a service (SaaS)
  • Impact of analytics and artificial intelligence on the High-acuity CIS market

Strategy

  • Review of go-to-market strategies
  • Analysis and insights to support your strategy and business planning
  • Review of market potential


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EMR/EHR Market Intelligence Service

Written by Arun Gill

This Market Intelligence Service provides regular data, insights and analysis on the global market opportunity for Electronic Medical Records.

The deliverables included in the 2022/2023 subscription are:

  • EMR/EHR – Country Market Reports – Two Country Reports per Month
  • EMR/EHR – Global Market Dataset – Updated Monthly
  • EMR/EHR – Regional Topical Reports – EMEA, Americas and Asia Pacific – Delivered once annually per region
  • EMR/EHR – Global Trends – Delivered one annually
  • EMR/EHR – Vendor Market Shares – Delivered once annually


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Digital Pathology Market Intelligence Service

Written by Imogen Fitt

This Market Intelligence Service provides a rolling 12-month coverage of the global Digital Pathology market.

The deliverables included in the 2023 subscription are:

  • Digital Pathology Data Update and Full Report – Publishing April 2023 – Core Report 
  • Artificial Intelligence in Digital Pathology – Publishing July 2023 – Topical Report 
  • Installed Base Analysis – Publishing October 2023 – Auxiliary Report
  • Installed Base Analysis – Publishing October 2023 – Auxiliary Report


About Signify Research

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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