Analyst Comment
GE acquires software from Ultrasound AI to advance future development
Every segment of the AI market is expected to grow over the next decade, according to GlobalData.
Credit: Bert van Dijk/Getty images.
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AI has become increasingly essential in the medical field, particularly due to the challenges brought by the Covid-19 pandemic.
The pandemic has driven the rapid adoption of AI technologies to improve diagnostics, treatment, and patient management.
AI-powered tools have provided quicker and more precise Covid-19 detection through imaging and predictive analytics, helping identify high-risk patients and optimise resource distribution.
Additionally, AI has supported remote monitoring and telehealth services, easing the load on healthcare facilities and reducing exposure risks.
GE has already included Intelligent Ultrasound software in its offerings.
The ScanNav Assist AI technology powers GE’s SonoLyst AI software used in its Voluson ultrasound machines for obstetric imaging.
This software, which was initially exclusive to GE, became more accessible following GE’s acquisition of the clinical AI business.
In 2020, GE introduced an ultrasound system that featured Intelligent Ultrasound’s software.
According to leading data and analytics company GlobalData‘s reports, every segment of the AI market is expected to grow over the next decade.
According to GlobalData forecasts, the AI market was worth $81.3bn in 2022 and will grow at a compound annual growth rate of 35.2% to $908.7bn by 2030.
Intelligent Ultrasound sold the clinical version of its Scannav Anatomy Peripheral Nerve Block software to other customers.
The company identified clinical AI software as its main market for future growth and began developing products such as Scannav FetalCheck for gestational age estimation and Scannav Liver.
GE said the acquisition “adds an AI innovation pipeline that serves to help advance future development”.
Research and development experts from Intelligent Ultrasound will join GE as part of the deal.
GE previously added to its AI capabilities by acquiring Caption Health in 2023.
Intelligent Ultrasound will stop selling Scannav Anatomy Peripheral Nerve Block but will continue to support existing customers.
NeedleTrainer and NeedleTrainer Plus are unaffected by the GE acquisition.
The Covid-19 pandemic has emphasised the critical role of AI in rapidly responding to health crises, enabling remote patient care, and optimising medical workflows.
As AI technology continues to evolve, its integration into healthcare systems promises to drive innovations that improve patient outcomes, reduce costs, and ensure better preparedness for future health challenges.
The ongoing development and adoption of AI in medicine will undoubtedly shape the future of healthcare, making it more responsive, accurate, and patient-centric.
Cyberattacks in healthcare
As the healthcare sector deals with sensitive data and critical services, cyberattacks are especially costly. And, because they are costly, they are more frequent; cybercriminals target the industries where they can do the most damage. For healthcare providers, cyberattacks can cause the exposure of sensitive patient data, care disruptions, and facility downtime, which can take weeks or months to restore and risk harm or deaths of patients.
A 2018 study published by researchers at Vanderbilt University’s Owen Graduate School of Management found that hospitals hit by a cyberattack were likely to see up to 36 additional deaths per 10,000 heart attacks per year.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Thematic Intelligence uses proprietary data, research, and analysis to provide a forward-looking perspective on the key themes that will shape the future of the world’s largest industries and the organisations within them.