Frost and Sullivan

February 24, 2021 — Frost & Sullivan's recent analysis, Technological Advancements and Emerging Applications in the ...

Mach7 Technologies has been named the Asia Pacific Medical Imaging Informatics Company of the Year by global consulting firm Frost & Sullivan. Each year Frost & Sullivan presents this award to the company that demonstrates outstanding achievement and superior performance in the field of medical imaging informatics.

The U.S. medical imaging industry is experimenting with big data analytics solutions to measure, demonstrate and improve its value proposition. Analysis from Frost & Sullivan, “Big Data Opportunities in the US Medical Imaging Market”, finds the market earned revenues of $39 million in 2014, and estimates this to reach $82 million by 2019 at a compound annual growth rate of 16 percent.

Growing awareness of the harmful effects of radiation exposure is driving the uptake of ultrasound systems, which are radiation free, less expensive, and more versatile than bigger modalities such as magnetic resonance (MR).

A recent whitepaper by the Economist Intelligence Unit deems value in the “emerging new currency within health markets.” Since medical imaging represents a fairly large segment of the broader healthcare market and certainly one of the most capital-intensive — even if dwarfed in size by other segments such as its pharmaceutical counterpart — this farsighted statement begs the question, “Would saying value has already emerged as a major new currency within the U.S. medical imaging market be too much of an overstatement?”