South Korean medical AI firm Lunit is additional cementing its world presence after securing a brand new worldwide distribution deal and main market approvals.
Final week, it introduced that Lunit INSIGHT CXR and MMG have been given the UK Conformity Assessed marking and CE marking below the newest Medical System Regulation in Europe.
The corporate claims it has develop into the primary software program as medical system developer in Asia-Pacific to have obtained each certifications, which follows its current clearances obtained from Taiwan and Canada.
Additionally final week, Lunit signed a worldwide distribution settlement with California-based healthcare platform CARPL.ai. Underneath this deal, the 2 well-liked Lunit INSIGHT options, INSIGHT CXR for chest x-ray picture evaluation and INSIGHT MMG for mammography evaluation, shall be delivered by way of CARPL.ai’s end-to-end deployment platform, which at the moment runs throughout 5 markets: america, Australia, Brazil, India, and Singapore.
Lunit INSIGHT options are already embedded in some main world PACS and imaging units by world distributors similar to GE Healthcare, Philips, and Fujifilm. Each Lunit INSIGHT CXR and MMG at the moment are being clinically utilized in roughly 1,000 hospitals and medical establishments worldwide.
Lately, South Korean AI imaging corporations like Lunit have been securing native and worldwide approvals and offers to satisfy the rising demand from hospitals.
One of many main gamers, Vuno, has lately obtained the South Korean authorities’s approvals for its private ECG units, Hativ Professional and Hativ P30. Exterior the nation, it additionally gained accreditations from Taiwan for its AI bone age evaluation software program and from Singapore for its AI fundus evaluation software program.
One other firm, AITRICS, obtained South Korea’s nod for its AI affected person monitoring answer whereas JLK secured Thailand’s clearance for its AI mind picture evaluation answer. Coreline Gentle has additionally lately obtained the US Meals and Drug Administration’s 510(okay) certification for AVIEW RT ACS, its AI-based automated organ contouring answer.
In the meantime, Lunit has develop into one of many most well-liked suppliers of AI imaging options for South Korean navy hospitals as a part of the Armed Forces Medical System AI Transformation challenge. It’s set to ship its expertise throughout 30 medical websites of the Korean military, air pressure and navy. Internationally, its AI options have been lately adopted by Cathay Life Insurance coverage in Taiwan, Thailand’s Bumrungrad Worldwide Hospital, Egypt-based non-profit Baheya Basis, and most lately, SEHA, the most important healthcare community within the United Arab Emirates, and BreastScreen NSW in Australia.
Based on Statista, the South Korean diagnostic imaging market is anticipated to succeed in $1.02 billion in market quantity by 2027, rising at a 6% CAGR from 2022.