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Top Technologies in Medical Devices and Imaging-2014 (Technical Insights)

  • March 2014
  • 79 pages
  • Frost & Sullivan
Report ID: 2074999

Summary

Table of Contents

The research service titled “Top Technologies in Medical Device and Imaging -2014”, is an update on the study done in the past year and highlights medical technologies both device and imaging centric, which can change the healthcare landscape in the next 3 to 4 years. The study has retained some of the technologies from the previous years and have introduced new technologies which are expected to have an impact in the short to long term period.


2013 Top Technologies Valued

Neurostimulator

Neurostimulator sector has not displayed a wide array of innovations in the last year and hence does not figure in the list of top medical technologies for 2014. Neurostimulators are not suitable in cases where the neural pathway is not intact, or is disrupted due to illnesses or accidents. In such cases, machine interface (MMI) technology can by-pass the severed neural pathways by establishing an interface.

Medical Robotics

Medical robotics does not figure in the top technologies list for 2014 given the relatively low adoption of this technology due to the challenges faced by the first generation robotic devices. While medical and surgical robotics continue to remain important technologies, cautious investor sentiments and regulatory challenges are likely to limit innovation.

mHealth

mHealth continues to remain an important technology trend in 2014, its growth closely mirroring the growth in cell phones and tablets. mHealth applications have entered the mainstream, with both software and hardware components being developed actively by smartphone manufacturers such as Samsung and Apple. mHealth is likely to witness high growth in 2014

Remote Patient Monitoring (RPM)

RPM technology platform has become integrated with wireless communication and mobile connectivity and hence, the focus has shifted from remote patient to continuous patient monitoring (CPM). CPM uses much of the same technology platforms and caters to the same target areas as RPM, but it enables 24x7 patient monitoring.

Smart Pills D530-TI 9

Smart pills continue to remain an important medical technology in 2014. The initial success in endoscopy and gastroenterology has resulted in renewed investor interest and furthering of R&D activities in this space. Smart pills feature as a key medical imaging technology in 2014, as opposed to a medical device (as was the case in 2013). Smart pills are likely to remain important imaging tools, rather than therapeutic or surgical options.

Whole-Slide Imaging

Digital imaging in pathology has undergone exponential technology growth primarily due to changes in imaging hardware and increase in computational processing. However as the technology adoption and funding scenario has not changed much over the preceding year, the technology was not considered for the current year.

Optical Imaging
Optical imaging techniques may become the most preferred modalities in the future due to their low-cost, non-invasive nature, safety, and breadth of applications. Due to rapid technology advances, optical imaging techniques are expected to have a huge impact in the next two to three years. Capital spending on optical imaging technologies is also expected to increase for 2014.

Hybrid Imaging

Hybrid imaging systems such as PET-CT and SPECT-CT allow much faster imaging, thereby reducing patient stress and are one of the mega trends in diagnostic imaging. However the technology faces challenges from key market issues such as strict medical imaging regulation, limited provider budgets for hospitals, high initial investment for modality setup etc.

Ultrasound Imaging

In the medical imaging systems market, the ultrasound systems sector sold the maximum number of units across the globe. With time, the systems have become more and more portable packed with robust features and their usage has expanded. Currently the ultrasound devices are a low cost alternative in emerging market and over the past years it has not attracted much attention from investors.

Interventional radiology

Interventional radiology (IR) has undergone advances due to the development of new imaging technologies. Technology development has made it possible to explore the application scope for a vast number of medical conditions that was otherwise performed using invasive procedures. IR has not been considered for 2014 as the development scenario and adoption footprint has not changed much over the preceding year.

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