Daily Newsletter

10 August 2023

Daily Newsletter

10 August 2023

Pilot study for portable MRI brain imaging system enrols final patient

The device is spearheading the portable MRI market that aims to make imaging more accessible and drive down costs.

Robert Barrie August 10 2023

Hyperfine has completed enrollment in its multi-site observational study evaluating the use of its portable low-field magnetic resonance imaging (MRI) system in children with neurological injury.

The pilot study, which is using hydrocephalus as an index condition, will assess if images from the system – called Swoop – can be used in children to help manage the condition.

Children living with hydrocephalus – a build-up of fluid in the brain – undergo regular scans each year to monitor the pressure in the enlarged brain ventricles and identify potential malfunctions in implanted devices used to drain excess fluid, known as a cerebral shunt.

Hyperfine’s US Food and Drug Administration (FDA)-cleared Swoop system can provide brain MRI capabilities at the point of care. It can be used as a bedside device for obtaining brain images when other clinical avenues are not practicable.

"The Swoop system represents a promising shift in brain imaging. We believe it has the potential to improve paediatric hydrocephalus management significantly,” said Dr. Khan Siddiqui, chief medical officer, and chief strategy officer at Hyperfine.

 “The insights gathered from this study will inform the viability of the Swoop system in pediatric healthcare settings and patient care.”

The Connecticut, US-based company recently began a separate mutli-site, observational study assessing the device’s use in ischemic stroke detection.

Since receiving FDA clearance in 2020, the device has been approved for use in the UK, Canada, Australia and, in February 2023, picked up CE marking for use in Europe.

A market model by GlobalData estimated that the global MRI market was worth $5bn in 2022. It is forecast to double, reaching $10bn by 2033.

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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