Market News
Recent Developments:
New product launches:
- In November 2020, Siemens Healthineers, a German company which provides healthcare solutions and services launched the Magnetom Free.Max, a high-field MRI system that is designed to be more user-friendly and efficient than traditional MRI systems. It is also more affordable, thus making it a more accessible option for patients.
- In April 2022, GE Healthcare, a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator; launched its next-generation revolution aspire computer tomography (CT) scanner. Revolution aspire is an advanced imaging solution that is designed and manufactured end-to-end in India, at the newly launched Wipro GE Medical Devices Manufacturing plant, in line with Atmanirbhar Bharat initiative. The CT system is equipped with higher imaging intelligence to improve clinical confidence when diagnosing diseases and anomalies.
Acquisition and partnerships:
- In 2022, General Electric Company, an American multinational conglomerate (GE Healthcare) acquired Sentimag, a company that develops AI-powered solutions for neuroimaging, to help GE Healthcare Company (GE Healthcare) to expand its portfolio of AI-powered solutions for neuroimaging.
- In May 2023, Siemens Healthineers, a leading medical technology company and CommonSpirit Health, a nonprofit, catholic health system dedicated to advance health for all people, acquired Block Imaging, a provider of services and products to health care providers with new and refurbished diagnostic imaging. This acquisition will help in providing more sustainable options and support increasing demand from the U.S. hospitals, health systems, and other care sites for multi-vendor imaging parts and services.