PALO ALTO, Calif., Nov. 21 /PRNewswire/ -- Frost & Sullivan proudly presents GE Healthcare with the 2005 Company of the Year Award in the field of medical imaging for its invaluable contribution to the healthcare industry -- not only in the United States and North America, but also globally.
GE Healthcare’s list of ‘firsts’ is formidable, especially in the all- important arena of digital imaging, which has transformed the way radiology is practiced.
Each year this Award is presented to a company that has demonstrated excellence in all operations within its industry -- business development, competitive strategy, and leadership. The Award recognizes outstanding management, consistent growth and positive social and economic impact on the local and national communities and customers. It also lauds exceptional customer service and the company’s ability to combine technology and successful strategic initiatives.
“From developing the world’s first full field flat-panel digital mammography system to the first fully digital flat-panel cardiac catheterization system, GE Healthcare has blazed a trail in the digitization of the medical imaging installed base,” says Frost & Sullivan Industry Research Manager Antonio Garcia. “The company has also lead the market in providing integrated, real-time image processing and enhancement functionality, such as dual energy subtraction and tomosynthesis, on its digital X-ray systems at a time when some other vendors were struggling to come to market with a successful digital capture system.”
More recently, GE Healthcare has displayed a keen understanding of the role that molecular and data-driven diagnosis and treatment will have on the medicine of the future. Even as GE has given the world some of the most powerful tools to visualize and treat disease, the company also leads the market in providing solutions to store, distribute, retrieve, and analyze medical images. In addition, it has a proven track record of distributing new technology to a larger number of end users than any of its competitors.
“This Award is a testament to our commitment to healthcare, which transcends any one medical specialty, as evidenced by our long-term vision for molecular and data-driven diagnosis and treatment,” said Joe Hogan, president and CEO of GE Healthcare. “This vision is helping shift the global paradigm of healthcare to early prevention of disease, as opposed to late diagnosis and treatment.”
“According to the Frost & Sullivan meta-analysis conducted in 2005, GE Healthcare leads in market penetration in five out of seven major medical imaging segments, including magnetic resonance imaging (MRI), computed tomography (CT), hybrid positron emission/computed tomography (PET-CT), picture archiving and communications systems (PACS), and static digital X-ray (both radiographic and mammographic),” says Garcia. “In short, GE Healthcare has achieved an enduring place within hospitals, clinics, and imaging centers throughout the United States and the world.”
GE Healthcare’s passionate focus on adding new technologies and broader market reach through strategic merger and acquisition (M&A) activity bespeaks a long-term vision with respect to the scope and capabilities of medical science in the future.
Further, strategic alignments enable GE Healthcare to expand its picture archiving and communication system (PACS) and healthcare IT market coverage vertically into smaller facilities that may be first-time purchasers of major medical image management infrastructure. This demonstrates GE Healthcare’s growing focus on the value tier of the market, while developing capabilities and generating efficiencies that will also benefit its existing premium tier clients.
Overall, GE Healthcare is an undisputed leader in the medical imaging industry. The company continues to demonstrate year after year that it has the material, intellectual and motivational resources required to make its ambitious plans a reality. In recognition of its numerous decisive contributions to medical imaging, Frost & Sullivan is honored to present GE Healthcare with the 2005 Medical Imaging Company of the Year Award.
Held in Miami, Frost & Sullivan’s Best Practices Awards Banquet honors world-class companies for contributing innovative developments to the pharmaceutical and life sciences industry, as well as companies yielding emerging technologies in a variety of fields. An annual event, the banquet recognizes the quality and merit of distinguished individuals and companies that deliver unparalleled insight on the industry, products and services.
About GE Healthcare
GE Healthcare provides transformational medical technologies that are shaping a new age of patient care. GE Healthcare’s expertise in medical imaging and information technologies, medical diagnostics, patient monitoring and life support systems, disease research, drug discovery, and biopharmaceutical manufacturing technologies is helping physicians detect disease earlier and to tailor personalized treatments for patients. GE Healthcare offers a broad range of products and services that are improving productivity in healthcare and enhancing patient care by enabling healthcare providers to better diagnose and treat cancer, heart disease, neurological diseases, and other conditions.
Headquartered in the United Kingdom, GE Healthcare is a $15 billion unit of General Electric Company . Worldwide, GE Healthcare employs more than 43,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at http://www.gehealthcare.com .
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company’s industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com .
Contact: Stacie Jones 210.247.2450 Stacie.jones@frost.com
Frost & Sullivan
CONTACT: Stacie Jones of Frost & Sullivan, +1-210-247-2450, orStacie.jones@frost.com
