Health Care Equipment Q1 2016

We are currently reviewing Quarter 1 2016 use of Internet of Everything (IoE) principles by most of the S&P 1500 companies in healthcare equipment industry.

As always, company details, strategic initiatives, IoE Scores and Industry rankings will be posted for members in the member dashboard @ www.PiercingView.com

Initial findings:

Ø  Telemetry, remote monitoring and “big data” analytics continue to gain momentum in healthcare overall and in equipment/devices in particular

Ø  An inordinate amount of research pointing to radical transformation of the device industry in particular; for example, Cisco sees $160B by 2022 in ‘value at stake’ across the “connected healthcare and patient monitoring” dimension.  Research – highlighting the art of the possible – portends actual innovation and value generation.  It will occur, but possibly not as rapidly as hoped by the well meaning writers of such insightful tomes

Ø  That said, executive management across many large (S&P 500) companies are beginning to speak ‘IoT’ in their discussion of strategic initiatives and technology partnerships; sensors, controllers, wearable’s, and connected devices are becoming commonplace

Interesting examples include:

Ø  3D printing adopted for manufacturing of equipment. Abbott Labs (ABT) and IDEXX Lab (IDXX) are using 3D printing to develop prototype tools and design instruments

Ø  Augmented reality for remote patient monitoring – Hill Rom (HRC) good example

Ø  Companies like Steris (STE) remote manage thousands of devices at over 300 hospitals in the U.S.

 

3D Printing for prototyping of devices:

Abbott Labs (ABT), IDEXX Lab (IDXX) and Sirona (SIRO)

Abbott develops prototype tools enhancing product development for devices used to treat vascular disease

Sirona has approved Objet’s 3-D printing systems for the manufacture of custom-printed dental models, and to quickly design dental implants from digitally stored impressions in its software.

Idexx is using 3D printing technology for instrument designing, Recently, it used 3D printing to build a part of an instrument used by veterinarians to test blood and urine.

Abbott uses 3D printing to develop prototype tools

Sirona is developing custom-printed 3-D dental models

 

IDEXX using 3d printing for instrument design

Remote patient monitoring using connected devices and advanced sensors

Sagentia developed an augmented reality iPad application for Hill-Rom for patient monitoring by nurses.

ResMed introduced remote patient monitoring software helping  physicians and home medical equipment providers access patient data in the cloud.

Baxter introduced automated peritoneal dialysis machine allowing clinicians remote data access making for more timely decisions.

Hill-Rom using Augmented Reality Application

ResMed introduced AirView

Baxter’s new  peritoneal dialysis machine

Use of wearable’s to track periodic health data

Hill-Rom introduced a Hand Hygiene Tracking Solution integrated into a badge that enables hospitals to track routine hand-washing by healthcare employees and also it offers to monitor real-time employee location.

Medtronic upgraded its Bluetooth-enabled wearable device,  the Verify Evaluation System, which helps in treating  chronic overactive bladder or bowel incontinence

Hill-Rom’s hand hygiene tracking solution

Medtronic Bluetooth-enabled device

3D Imaging gaining momentum

Hologic introduced Affirm prone biopsy system that offers 2D and 3D imaging-guided breast biopsies. The system helps doctors identify lesions during 3D mammography exams.

Hologic’s Prone Biopsy System

Click the pdf here to view: musing-healthcaredevicesq12016

Enjoy,  Serge, Piercing View, @PiercingView

2017-10-04T18:59:11+00:00 06.19.2016|POV|