Other Medical

From 2010 to 2011 usage of remote patient monitoring, or telehealth, increased by 22.2 percent as the number of patients enrolled worldwide reached 241,200. However, telehealth device revenues only grew by 5.0 percent from 2010 to 2011; and 18.0 percent from 2011 to 2012. InMedica, a division of IMS Research (now part of IHS Inc. (NYSE: IHS)) attributes slow revenue growth over the last year to poor economic conditions leading to restrictions in healthcare funding particularly in Europe, and ambiguity on the impact of healthcare reform and readmission penalties on telehealth in the U.S.

The InMedica team will be attending the MEDICA 2012 tradeshow in Düsseldorf on the 14^th and 15^th of November. Each analyst has expertise within their specified medical research area and will be available to present relevant findings from their latest research to industry professionals and the press. 

IMS Research projects that by 2016, wireless-enabled consumer medical devices will use Bluetooth Smart technology the most. IMS Research forecasts that more than 4.7 million consumer medical devices containing Bluetooth Smart will be shipped in 2016 with more than 10.3 million shipped from 2012 to 2016.  According to IMS Research’s recently published study “Wireless Opportunities in Health and Wellness Monitoring – 2012 Edition,” more than 35 percent of wireless-enabled consumer medical devices shipped in 2016 will contain Bluetooth Smart.

Expanding its dedicated research on the Chinese healthcare market, a new report from InMedica, “The Chinese Market for Endoscopes”, highlights the growing acceptance of endoscopy in this geographic region.

While the lasting effects of the economic recession will restrict the market in the short-term, growth in the world market for medical grade displays is forecast to accelerate from 2012 as the global economy improves and previously postponed hospital projects are initiated. A new study from InMedica “The World Market for Medical Grade Displays – 2010 Edition” predicts that global unit shipments of medical grade radiology, surgical and patient monitoring displays will exceed 460,000 by 2014, growing at a CAGR of 9.5%.

In April 2009, the Chinese government announced the guidelines for healthcare reform, with the core principle of providing universal healthcare services to the country’s 1.3 billion population. China will invest 850 billion RMB ($124 billion) on healthcare from 2009 to 2011, further stimulating demand for medical devices, in what is already one of the world’s fastest growing markets for medical technology. One year later, a number of new regulations and guidelines are in place, which are beginning to reshape the structure of the Chinese healthcare industry.

Despite the negative effects of the world's financial crisis, the medical electronic equipment market will grow steadily in China, according to latest data from IMS Research. The total medical electronic equipment market, including X-ray, ultrasound imaging, magnetic resonance imaging (MRI), and computed tomography (CT) equipment will is forecast to grow to 16.4 billion CNY by 2012, with a five-year CAGR of over 11%.

A new report from InMedica, “The World Market for Aesthetic Devices”, forecasts that the world market for aesthetic devices will increase to $1.9 billion by 2012, representing a forecast CAGR of 9.5%. As the more traditional laser and IPL-based aesthetic devices mature, newer alternative energy devices are forecast to take an increasing revenue share, maintaining steady total market growth. The dominant driver is the development of new devices that provide efficacious treatments with reduced treatment times and fewer side effects.