Note from the publisher: The report will be available from February 6, 2017.
Advanced solid-state technologies are disrupting the medical imaging industry
Solid-state IC technologies are quietly disrupting the medical imaging industry
The medical imaging equipment industry is a huge $35B market with a few mega-players and a comfortable +5.5% CAGR. Solid-state IC technologies, which encompass CCD, CIS, a-SI FPD, a-Se FPD, SiPM, and now cMUT and pMUT, are slowly creating disruptive market forces within the industry. The solid-state medical sensor market has reached $350M and is expected to grow at +8.3% from 2016 - 2022, representing $600M by 2022. Clearly the importance of these technologies cannot be understated, since they will create opportunities for new entrants (especially companies with Asian roots) and be a potential obstacle for large incumbents.
These new technologies are changing the business model and decreasing the possibility of completely integration. With large facility investments needed in order to achieve the required size for profitability, independent players from medical equipment companies are able to enter the supply chain. This is the case for the Israeli-Japanese company JV TPSCo for CIS technology, and for American company Varian and its a-Si FPD technology.
Almost every medical imaging modality is part of this technological transformation. In our previous report we focused on x-ray and endoscopy, two key areas of this paradigm shift. In our new report we have expanded the breath of our analysis to encompass CT, PET, OCT, and US, as they will all either be affected by the move or are just witnessing complete technology turnaround, as is the case for PET.
Solid-state IC will become key technology know-how for tomorrow’s medical equipment manufacturers. In a world that is increasingly data-driven, doctors and scientists expect continuous improvements in image quality while also developing new applications where these solid-state imaging capabilities can be used to their full extent. Capsule endoscopy, intravascular OCT, and PET/MRI hybrids are a few examples of solid-state technology becoming the key enabler. This report offers the keys to understanding this medical imaging metamorphosis.
Solid-state technology‘s medical imaging value far transcends wafer counts
Looking first at solid-state sensors, then sub-system detectors, and finally the complete medical equipment or system, there are at least two orders of magnitude required to leverage the core technology performance. From an industry perspective, the value at stake greatly eclipses the current USD $35B in sales of medical equipment relying on solid-state technology.
For some technologies and applications, wafer volume growth is very significant. The combined “CMOS x-ray sensor + molecular imaging sensor” will multiply in quantity by more than 6x over the next five years. This massive transformation could have indirect consequences, spreading all the way to conventional CT.
For other modalities the initial growth is over, since the digitization process is almost complete. This is the case for endoscopy, in which usage of CCD or CMOS has now completely transformed the landscape. Small-diameter fiberscope is the last endoscopy domain making the transition. This report looks in-depth at the potential roadmap for these evolutions, and the drivers for fueling the final transition.
The last two modalities under study are OCT and ultrasound. Both have very special application cases. In our report, forecasts are paired with each modality’s technology and application overview, since some key players have made significant moves via solid-state technology.
This report offers vital metrics and insight regarding the medical imaging industry’s transformation.
Rather than replace old markets, new technologies seem to create new ones
When trying to understand technology shifts, things may look fuzzy from afar. But by looking very methodically at each segment of the medical imaging equipment industry, and through the filter of solid-state technology, we can perceive where the disruption arises. New medical equipment players like Canon, Leica, Hamamatsu, Vieworks, iRay, and Varian are direct consequences of these changes.
The technologies and related use-cases are constantly evolving, providing space for innovators to differentiate themselves. Numerous new solid-state innovations are ready to enter the market, and the knowledge found in this report will provide you with the extra edge you need to position your company, technology, and/or product in the ecosystem.
Despite intense M&A activity from big players, the end-game is not as stable as we thought it might be. Toshiba Medical is one clear-cut example, with its being absorbed by Canon. This case is not a result of the CMOS image sensor (CIS) revolution, but a direct consequence of the medical imaging industry being increasingly controlled by technology specialists.
This report delivers insights into the key technologies that are ready to transform the medical imaging industry landscape.
This report has a broader focus with additional modalities: molecular imaging, computed tomography, optical coherence tomography, and ultrasound
- Application-oriented report
- Market forecast 2015 - 2022
- Major news and M&As since the last report
- New technology trends and roadmaps for each modality
- New players and new industrial supply chain
- Additional value chain information for major products
- Review of advanced packaging solutions for medical camera modules
Objectives of the Report
1. Provide relevant data for key medical image sensor market metrics and dynamics:
- Shipments, revenue, and wafer production by application and technology
- Major solid-state, IC-based product player market share
2. Offer key technical insights regarding future technology trends and challenges:
- From a technological standpoint: design and manufacturing innovations
- From an applicative standpoint: new applications and key market drivers
3. Deliver an in-depth understanding of the medical imaging value chain, infrastructure, and players:
- Who are the players (IDMs, foundries, design houses, OEMs) and how are they related?
- What is currently happening in the imaging sensor supply chain?