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GlobalData
GlobalData

Medical Devices

Minimally invasive technology to drive spinal surgery market growth in US, says GlobalData

Technological advancements from both major industry leaders and innovative smaller companies are changing the landscape of spinal surgery in the US. The demand for spinal procedures continues to grow, driven by an aging population and increasing rates of spinal conditions. The market is seeing the development of advanced surgical systems and minimally invasive techniques, which […]
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US respiratory test market faces uncertainty as flu season approaches amid shift to complex assays, finds GlobalData

The US respiratory test market remains volatile post-COVID-19 pandemic, with fluctuating demand influenced by seasonal factors and evolving testing preferences. As flu season approaches, the market faces uncertainty, particularly due to the shift toward more complex and higher-priced testing assays. This transition could lead to significant variations in sales volumes and revenue, highlighting the market’s […]
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Stereotaxis GenesisX EU nod marks major shift in robotic-assisted surgery market, says GlobalData

The EU clearance of Stereotaxis’ endovascular robotic system “GenesisX” marks a significant advancement in the rapidly growing field of robotic-assisted surgery. As the global market for these systems is set to surge, driven by the need for precision in minimally invasive procedures, this highlights the industry’s shift towards innovative technologies that improve surgical outcomes and […]
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Abbott partnership could improve Medtronic’s faltering diabetes care segment, says GlobalData

Medtronic and Abbott Laboratories recently announced a partnership to integrate the former’s automated insulin delivery (AID) systems, such as the MiniMed insulin pump, with Abbott’s continuous glucose monitor (CGM) technology. This partnership is Medtronic’s first with another major diabetes care company and follows disappointing results from its diabetes care division since 2022.  To be developed […]
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Abbott shakes up dual chamber leadless pacemaker space with AVEIR DR system, says GlobalData

Abbott Laboratories’ AVEIR DR dual chamber leadless pacemaker system incorporates several cutting-edge technologies that not only improve patient outcomes but also sets a new standard in the management of heart rhythm disorders. Since receiving FDA approval in July 2023, Abbott has acquired approximately 30-40% of share from Medtronic in the dual chamber leadless pacemaker space, […]
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Abdominal aortic stent grafts market in India to grow at 7% CAGR through 2033, forecasts GlobalData

The growing need for abdominal stent grafts in India is largely driven by the increasing incidence of abdominal aortic aneurysms (AAA). With the aging population and a rise in lifestyle-related conditions such as hypertension and atherosclerosis, the demand for minimally invasive treatments like stent grafts has surged. Against this backdrop, India’s abdominal aortic stent grafts […]
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China robotic surgical systems market to reach $250 million through 2033, forecasts GlobalData

China’s robotic surgical systems is emerging as a dynamic force in the global medical technology landscape, driven by rapid advancements in healthcare innovation and increasing demand for minimally invasive procedures. Against this background, China’s robotic surgical systems market is projected to reach $250 million in 2033, according to GlobalData, a leading data and analytics company. […]
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Electrophysiology ablation catheter market poised to reach $15 billion in 2033, forecasts GlobalData

Pulsed-field ablation (PFA) catheters are now available in several countries across North America, Europe, Asia-Pacific, and Middle East and Africa. Interestingly, the average selling price of PFA catheters is approximately $2,000 to $3,000, more than the average ablation catheter. PFA catheters have become increasingly popular amongst physicians, so much so that that the electrophysiology (EP) […]
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Healthcare’s growing reliance on tech demands robust cybersecurity measures, says GlobalData

The healthcare industry is increasingly dependent on digital technologies and interconnected medical devices, which has heightened the importance of cybersecurity. Given the growing dependence on technology in healthcare, there is a pressing need for increased spending on medical device security, a thorough understanding of the implications of expanding interconnectivity, and the need for robust cybersecurity […]
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Nipro looks to meet advanced medical devices demand in US with $398 million facility in North Carolina, says GlobalData

Nipro Medical Corporation, a wholly-owned subsidiary of Japan-based Nipro Corporation,  plans to invest $398 million in constructing a medical device facility in North Carolina. This strategic investment underscores Nipro’s commitment to support the growing demand for advanced medical devices such as dialysis products, infusion pumps, and critical care equipment in the US market, says GlobalData, […]
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Early cancer detection in Singapore advances with innovative partnerships, finds GlobalData

Cancer is a global health challenge where early detection is critical for better patient outcomes. Traditional cancer detection techniques, such as imaging and biopsy, often diagnose the disease at advanced stages, reducing the chances of successful treatment. Against this backdrop, new partnerships in Singapore are facilitating access to innovative early-stage cancer detection methods, leveraging advanced […]
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China electrophysiology ablation market to grow at 15% CAGR through 2033, forecasts GlobalData

Boston Scientific’s Farapulse has recently gained approval in China for the treatment of atrial fibrillation. This marks a significant milestone, as the country’s electrophysiology devices market had limited options earlier with only one pulsed field ablation (PFA) product available. Advancements in pulsed field technology and the introduction of new products in this category are expected […]
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