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Image: The global medical robotics market is expected to grow to over 20 billion by 2022 (Photo courtesy of Shutterstock).

Global Medical Robotics Market to Reach USD 20 Billion by 2022

The global medical robotics market is expected to grow at a CAGR of 21.6%from USD 6.36 billion in 2016 to USD 20.56 billion by 2022, driven by the enhancement of automation technologies, rising incidence of disabilities in human beings and growing baby boomer population, that impede their day-to-day physical motions. More...
20 Sep 2017
Image: The global smart hospital market is projected to reach over USD 63 billion by 2023 (Photo courtesy of IFRoute).

Smart Hospital Market Worth USD 63.49 Billion by 2023

The global smart hospital market was valued at USD 13.52 billion in 2016 and is projected to grow at a CAGR of 24.00% from 2017 to 2023 to reach USD 63.49 billion, driven by the increasing prevalence of chronic diseases, rising need for better patient care, and efficient and accurate solutions. Additionally, the benefits of a smart hospital such as lower treatment costs, improved treatment outcomes, enhanced patient experience, reduced errors, and improved disease management are also boosting the growth of the smart hospital market. More...
19 Sep 2017
Image: The global market for wearable medical devices is projected to grow at a CAGR of more than 9% by 2021 (Photo courtesy of iStock).

Top Trends Impacting Global Wearable Devices Market

The global market for wearable medical devices is projected to grow at a CAGR of more than 9% from 2017-2021, driven mainly by the increasing prevalence of chronic diseases, growing need for cost-effective diagnosis and treatment, and increasing number of compatible smartphone applications. These are the latest findings of Technavio Research, a global technology research and advisory company. More...
08 Sep 2017
Image: The Sonalleve MR-HIFU system (Photo courtesy of Philips Healthcare).

Philips Sells MR-HIFU Business to Profound Medical

Royal Philips has completed the sale of its Sonalleve MR-HIFU business to Profound Medical Inc. More...
15 Aug 2017
Image: Philips has entered into a definitive merger agreement to acquire Spectranetics, a provider of vascular intervention and lead management solutions (Photo courtesy of iStock).

Philips to Acquire Spectranetics Corporation

Royal Philips has entered into a definitive merger agreement to acquire the Spectranetics Corporation, a provider of vascular intervention and lead management solutions. More...
03 Jul 2017
Image: Stryker has entered into a definitive agreement to acquire NOVADAQ Technologies, a provider of fluorescence imaging solutions for minimally invasive and open surgeries (Photo courtesy of iStock).

Stryker Corporation to Acquire NOVADAQ

Stryker Corporation (Kalamazoo, MI, USA), a medical devices and equipment manufacturing firm, has entered into a definitive agreement to acquire NOVADAQ Technologies Inc., (Mississauga, Canada), a provider of fluorescence imaging solutions for minimally invasive and open surgeries. More...
28 Jun 2017
Image: Applications for VR in healthcare include surgery, pain management, and medical education, among many others as its appeal continues to grow (Photo courtesy of Touchstone Research).

Virtual Reality Finds Increasing Applications in Healthcare

The virtual reality (VR) in the U.S. healthcare market grew from USD 525 million in 2012 to an estimated USD 976 million in 2017, and the U.S. VR and augmented reality (AR) in healthcare market is expected to grow at roughly that level. These are the latest findings of Kalorama Information, an independent medical market research firm. More...
29 May 2017

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HospiMedica Industry News channel updates the reader on mergers and takeovers, on cooperative agreements and on trends in the healthcare industry worldwide.

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