The Latest Medical Imaging Informatics Market Update

November 14, 2016

The medical imaging informatics market is not just an investment or profit-making opportunity for the service providers. This nascent field offers a chance to the experts in biomedical informatics to bring standard operational strategies that suits the best interest of the entire industry.

The conference on Scientific Machine Intelligence in Medical Imaging (C-MIMI) was the first of its kind event for The Society for Imaging and Informatics in Medicine (SIIM). The institution compered the innovative convention during September 12–13, 2016 at The Westin Medical in Alexandria, Virginia. It was a platform for the 150 corporate representatives from global companies and organizations as well as field experts to participate and share their technical and market proficiency. They stepped up to explain the changing possibilities in the medical imaging informatics market with the help of advanced machine learning tools. It was amazing for industry leaders to interact with them and realize the complete potential within the current growth environment. The key points covered by the presentations delivered mostly focused on deriving the maximum benefits of CAD-based image analysis, locating application of artificial intelligence in present and future scenario, as well as their implementation in enterprise imaging.

Seven drafts from the HIMSS-SIIM collaboration

The elaborative discussion on the development of the medical imaging market arises from realization of the need for a centralized electronic health record (EHR) system. The recent corporate arena has rechristened clinical imaging to enterprise imaging. The Healthcare Information and Management Systems Society (HIMSS) in conjunction with SIIM presented a series of seven white papers on Journal of Digital Imaging (JDI). The workgroup bent in collaborative efforts to dig deeper into the nuances of enterprise imaging in a seven-tiered approach. These works were published at regular intervals during July–October 2016.

  • The opening draft lays the foundation for the subsequent papers, building a fair idea for the need of enterprise imaging.
  • Over the due course of buildup, it considers the governance strategies regarding the program, technologies, information, clinical, and financial aspects involved in enterprise imaging. The optimum settings are jotted down to establish the ideal framework for a decision-making body.
  • The third paper highlights the importance of image exchange and the common usage patterns. It considers the previous shortcomings that has restrained adoption rate among global vendors and service providers. This helps frame standard image exchange guidelines for the industry that can aid healthcare providers effortlessly join the league.
  • In the next paper, experts provide case studies, citing examples of those institutions, physicians, and leaders, which had the “early bird” advantage in this industry. Their loss-and-benefit stories are used to form the strategic operational procedures for those organizations that capture clinical data in the multimedia format.
  • The fifth white paper discusses the types of enterprise viewers based on their individual use. It lists the growth drivers as observed during this study, the technical considerations specific to the functional difference among enterprise and specialty viewers. In addition, it looks forward into the probable changes and needs of their future.
  • The sixth study is a follow up on the main challenges associated with the workflow and its management in enterprise imaging. It goes on to suggest optimized solutions that are expected to be most effective in dealing with the outlined challenges.
  • In the seventh journal, and the last in this series of collaborative work, core technical issues with the medical imaging practices and informatics management as well as their solutions are discussed. The procedures that involve visible light applications gain special focus in this paper.

The Complete Image

Radiology is a data-centric diagnostic technique. There is an immense volume of data that comes in and with the radiological images, which requires to be extracted, analyzed, and stored properly. Radiology informatics give this age-old medical imaging technology a refreshing scope of expansion. As the healthcare segment indulges in digital imaging techniques, imaging informatics market is trying to overcome its past technical inadequacies. Healthcare experts, such as radiologists, pathologists, and practitioners put in continuous efforts to stay upgraded for the evolving technologies. Healthcare enterprises have the benefit of improvised service delivery models that live up to the requirements and expectations of the end users.

The significance of medical imaging informatics in medical imaging services is analogous to the importance of central data management servers in data-as-a-service (DaaS) enterprise. The complex data sets obtained from a diverse class of patients with their individual needs need to be managed efficiently, studied accurately, made usable, and be relied upon for further reference. Service providers in the medical imaging informatics market aim at providing all of this and much more. With simple information and communication technologies applied in a judicious fashion eases the process of data acquisition, manipulation, analysis, and distribution. Centralized handling or storage will further aid to seamless exchange and transfer of the captured medical images within healthcare system networks.

Imaging informatics is an extensive field that accommodates for a diverse but interconnected topics that are entire doctoral subjects into themselves. The medical informatics platforms are developed in compliance to the standards of international organizations such as European Medical Association (EMA), the U.S. Food and Drugs Administration (FDA), and Conformit Europene (CE). Since 2015, the electronic management of health information, inclusive of medical images and their documentation was compulsorily mandated in U.S. Any negligence or non-adherence to the mandate exhibited by the healthcare providers or practitioners was liable to penalized financially under Medicare. As per a report by Allied Market Research, the medical imaging informatics market is expected to reach net worth of $5,383 million by 2022, while registering a CAGR of 5.6% during 2016–2022. Organizational interventions and intensive research in the field of enterprise imaging is bound to translate these projections to financial earnings in the near future.

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