January 29, 2009 - GE Healthcare's Vascular Ultrasound group and The Medipattern Corp. said they are collaborating on the creation of Ultrasound-based Vascular Imaging Quantification Tools (Vascular iQ).
The companies said Medipattern will leverage technology developed in its Cadenza algorithm platform and extend it with additional functionality to create Vascular iQ. Medipattern will create a generalized version of the vascular product while building an exclusive version for GE Healthcare ultrasound systems, which will be available to the market through GE's distribution.
According to Frost and Sullivan's 2004 U.S. Ultrasound Report, the cardiovascular ultrasound market represented 35 percent of the total ultrasound market in the U.S. This compares to the 2 percent share for breast ultrasound in the same year. The vascular ultrasound market is also forecasted at a steady growth rate of 11 percent per year.