Market News
Recent Developments
New product launches
- On October 31, 2023, Anyline, a global leader in mobile data capture and data insights, launched its Tire & Vehicle Analytics platform, which delivers real-time, actionable insights for automotive service providers, fleet operators and Original equipment manufacturers. Today, a lack of consistent, trustworthy information about tires, and vehicles affects automotive aftermarket companies’ ability to make data-driven decisions, which leads to an estimated US$ 68.40 billion in potential revenue lost globally.
- On October 26, 2023, Elligo Health Research, the largest healthcare-enabling research organization, announced a partnership with Avallano, a data privacy and healthcare technology company, to launch myTrialsConnectSM, a scalable research community powered by Artificial Intelligence (AI) that was built to serve patients, providers, sites, and the biopharma industry.
- On October 17, 2023, Praxis Medical, a hospital management consultancy announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance of the EndoCore EBUS-TBNA fine needle biopsy device.
- On October 16, 2023, Baxter International Inc., a leader in patient monitoring, physical assessment and vision screening products, announced the launch of digital image capture capability for eye exams using its existing Welch Allyn PanOptic Plus Ophthalmoscope. The iExaminer Pro System adds a key technology to routine eye exams, designed to help advance healthcare professionals’ ability to examine and diagnose the eye health of patients.
Acquisitions and partnerships
- On February 9, 2023, GE HealthCare, a leading global precision care innovator, announced that it has signed an agreement to acquire Caption Health, Inc., a privately-owned Artificial Intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans
- In October 2022, Beckman Coulter Diagnostics, a global leader in clinical diagnostics, announced that it acquired StoCastic, LLC, a leading artificial intelligence company that provides evidence-based decision support for hospital Emergency Departments (ED)
- In March 2022, Digital Diagnostics, a pioneering AI diagnostics company and Baxter International Inc., an American multinational healthcare company announced a long-term strategic partnership to help front line care providers deliver high-quality care and improve care outcomes. The partnership includes plans to offer Digital Diagnostics’ industry-leading LumineticsCore (formerly known as IDx-DR) autonomous AI software as a diagnostic service combined with the Welch Allyn RetinaVue 700 Imager.
- In 2022, Siemens Healthineers, a German company which provides healthcare solutions and services acquired Atellica, a company that develops automated laboratory systems
- In 2020, Roche Diagnostics, a global biotech company acquired Foundation Medicine, a company that develops genomic tests for cancer
- In 2021, Becton, Dickinson and Company, an American multinational medical technology company acquired CepheCheck, a company that develops rapid diagnostic tests for infectious diseases
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