From the March 2022 issue of HealthCare Business News magazine
By Kelly Patrick
In December 2021, Getinge announced its plans to acquire 100% of the equity interest in US-based Talis Clinical LLC. Talis Clinical LLC provides high-acuity IT software platforms.
The Signify View - Impact on the Clinical Care Market
Interest in the digital solutions utilised in the clinical care market has been increasing in recent years, often driven by healthcare reform highlighting the need for electronic health information. The pandemic has further expedited the development of the market, with the benefits of utilising electronic health information to support improvements in patient care and scheduling. Several countries are transitioning toward value-based care systems with healthcare providers now being targeted to achieve specific measures with reimbursement affected if healthcare provision does not meet these targets. This is increasing demand for high-acuity IT solutions that advance patient care, by improving workflow and clinical efficiency. Interest in analytics and dashboards has also increased in recent years, to help enable physicians to make more informed decisions on patient care and subsequent pathways. This is opening opportunities for vendors to further expand existing solutions and add functionality. Clinical surveillance is also increasing to help reduce medical errors and to detect patient deterioration much sooner.
Signify Research assessed the high-acuity IT market in 2021 and analysed the impact of the pandemic on demand for each of the core solutions. The report assessed the market development of many major players and the pandemic’s impact on market demand. The global market for high-acuity and perinatal IT solutions was estimated to be worth $1.6 billion in 2020. Signify projects that this will reach just under $2.1 billion by 2025.
The global market is led by a mixture of electronic health record (EHR) vendors such as Cerner and Epic and medical device manufacturers that offer supporting IT solutions such as Philips and GE Healthcare.
Getinge is a smaller player in the EMEA market with its Torin Management solution focused on the OR Manager IT market. It was estimated to have a 3% share of EMEA revenues in 2020. Talis Clinical LLC is a smaller player in the North American region with its cloud-based ACG platforms, including:
