SANTA CLARA, Calif., Feb. 7, 2019 /PRNewswire/ -- The triple aim objectives in healthcare provision and the focus on outcomes have driven interest in precision medicine paradigms across the board in the healthcare industry. The potential impact of personalization in diagnostic and therapeutic imaging on patient care approaches has resulted in the expansion of technologies and processes that will see the precision medical imaging market grow from $120 million in 2017 toover $8 billion by 2027. As healthcare becomes more patient-centric, technology advances such as clinical decision support software, sensors, 3D printing, and precision analytics capabilities like deep learning and artificial intelligence (AI) will be applied to medical imaging.
"Precision medical imaging has tremendous potential to improve all aspects of the care continuum, thus supporting emerging care approaches that are more targeted, predictive, translational, personalized and effective," said Siddharth Saha, Vice President of Research, Transformational Health. "AI-enriched imaging equipment will help adapt and personalize the imaging protocols and procedures while precise radiomic and phenomic datasets from the given clinical context will enable deep learning, thereby reinforcing medical imaging's contribution to precision medicine. There are several firms in the ecosystem making very valuable contributions to the care pathways and this pool is set to exponentially grow in the short term."
Frost & Sullivan's recent analysis, Growth Opportunities in Precision Medical Imaging, Forecast to 2022, defines the role of medical imaging in the precision medicine paradigm and assesses market opportunities. The growth opportunities are then mapped to the stages of the imaging care continuum—study ordering, image acquisition, image interpretation, image-based intervention, therapeutic dose radiation, and study impact evaluation.
For further information on this analysis, please visit:http://frost.ly/36a.
Forward-looking medical imaging companies will aim to tap the abundant growth opportunities in:
"While most major imaging companies are keen to make the most of the opportunities in precision imaging, they are at various levels of adoption. For instance, Siemens Healthineers has fully embraced the precision trend since it offers multi-pronged value through its solutions portfolio," noted Saha. "At Philips Healthcare, a few precision hot spots have been forming, notably in image-guided therapies and oncology informatics. GE Healthcare, on the other hand, is looking to combine the precision paradigm with Applied Intelligence."
Growth Opportunities in Precision Medical Imaging, Forecast to 2022 is part of Frost & Sullivan's global Transformational Health Growth Partnership Service program.
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Growth Opportunities in Precision Medical Imaging, Forecast to 2022
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SOURCE Frost & Sullivan