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Innovations in Medical Imaging: Technological Advances, Growth Opportunities and Future Market Outlook
Business Insights, Aug 2009, Pages: 152
Medical imaging technologies are widely used in clinical diagnosis to guide therapeutic and surgical intervention and to monitor disease progression, recurrence and treatment response and to improve surgical navigation. A plethora of imaging modalities are available to the medical community to provide anatomical and functional information. Extensive research indicates that the application of medical imaging may lead to significant reduction in healthcare costs by increasing the speed of diagnosis, avoiding the need for expensive treatments and surgical procedures and reducing mortality rate through early screening programs
During the last few years there have been a number of dramatic changes within the medical imaging as companies face tough economic and the initiation and implementation of new legislation. The emerging markets provide strategic opportunities for sustainable growth as patient demographics change, economies grow and healthcare coverage expands to increase the purchasing power of the individual.
Meanwhile reimbursement and regulation remain the two major stumbling blocks in the development of innovative medical imaging agents, which are currently subjected to “drug-like” criteria and rigorous standard operating procedures. However a better reward system that pays for getting the best patient results will ensure the right technologies are applied to get the right answer and outcome.
Use this report to
- Highlights some of the key technologies which healthcare companies are developing to maximize the using of medical imaging in the detection, diagnosis and treatment of diseases
- Analyses the recent technological breakthroughs that have impacted the medical imaging field and how this expand the use of imaging now and in the future.
- Discusses the potential of new technologies to improve the quality of imaging and how it may be applied in the diagnosis of a variety of diseases
- Identifies the most novel technologies that may revolutionize medical imaging, including the use of molecular imaging and virtual surgery
- Provides recent examples of new imaging agents, equipment and software programs and companies competing in each space.
- Analyzes the leading healthcare companies, their business strategies, market positioning and product portfolios and discuss geographical and technological trends now and in the future of medical imaging.
- Summarizes the challenges and opportunities that face the healthcare industry with a focus on the implementation of new technologies and the additional challenges associated with their use
Key findings from this report
- Diagnostic screening using imaging technologies can lead to the early detection of disease to minimize the use of invasive procedures, enhance the use of targeted therapies and palliative care, and improve patient management.
- New technologies that replace the need for X-rays and radioactivity are under development such as magnetic particle imaging (MPI) could revolutionize the way medical imaging modalities are used in the future for diagnosis, treatment and maintenance therapy.
- Advances in medical imaging software, molecular imaging and new imaging agents will expand the use of medical imaging in a broad range of disease and medical settings to ensure patients receive the right technology to get the right treatment.
- In the field of cardiology medical imaging has rapidly progressed e.g. detect heart attacks and measure plaque build in coronary arteries. Cancer will become the next frontier for medical imaging, where early detection can save lives. Whilst in the future the CNS arena e.g. Alzheimer’s disease and depression, will represent key challenges for future diagnostics.
- In addition to technological challenges face by healthcare companies the industry faces three external challenges global economics, reimbursement and regulation which will impact the future growth and innovation of the sector and determine the role medical imaging will play in the future of diagnostics.
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