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GlobalData
GlobalData

Medical Devices

Medtronic to challenge Boston Scientific dominance in ICD market with Aurora EV-ICD, says GlobalData

Cardiac implantable electronic devices have been a cornerstone in the management of arrhythmias for decades, but recent advancements are poised to reshape the landscape of cardiac care. Among these innovations is the extravascular implantable cardioverter defibrillator (EV-ICD), a revolutionary technology that Medtronic has pioneered with its Aurora EV-ICD system. With its advanced capabilities and minimally […]
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Mpox virus testing to drive South Korea PCR systems market at 5% CAGR through 2033, forecasts GlobalData

Amid the escalating Mpox outbreak and the World Health Organization’s declaration of a public health emergency, South Korea-based Seegene has recently launched specialized research-use polymerase chain reaction (PCR) test assays. Given the synergy between assay development and PCR system advancements, the South Korean PCR systems market is expected to grow at a compound annual growth […]
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Knee replacement innovations to reshape competitive landscape of orthopedic market, says GlobalData

The knee replacement market is currently experiencing a significant transformation, driven by innovative technologies and materials. Key innovations such as the application of nanotechnology in orthopedic implants, the increasing use of kinematic alignment (KA), robotic surgery and artificial intelligence (AI) in knee replacement procedures are at the forefront of this evolution. These innovations are not […]
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FDA clearance for Otsuka’s Rejoyn app highlights rapid expansion of regulated mHealth app market, says GlobalData

The COVID-19 pandemic has dramatically accelerated the development and integration of digital health technologies, including artificial intelligence (AI) and machine learning (ML) into the medical industry. For instance, Otsuka’s Rejoyn is a prescription-only app-based treatment that is designed to complement traditional medications for major depressive disorder. This digital therapeutic received 510(k) clearance from the FDA […]
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Microbot’s Liberty robotic system holds potential to transform remote telesurgery landscape, says GlobalData

Microbot Medical recently announced the advancement of its Liberty Robotic System to the next phase of remote telesurgery evaluation to ensure its safety and efficacy in a clinical setting. The company has completed the second round of pre-clinical testing with positive results, demonstrating the system’s potential to enable surgeons to perform procedures from remote locations […]
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GlobalData highlights rapid expansion and innovation in digital health technologies for sleep apnea

Inspire Medical Systems recently secured FDA approval for its Inspire V therapy system, a therapy system for obstructive sleep apnea treatment. This achievement highlights the increasing integration of advanced technology in the management of neurological disorders, fitting into the broader industry shift towards precision medicine, as reflected in the FDA’s recent push for innovative solutions […]
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FDA approval for ExcelsiusFlex platform highlights transformative potential of robotic-assisted technologies in orthopedics, says GlobalData

Globus Medical received 510(k) clearance from the US Food and Drug Administration (FDA) for its ExcelsiusFlex robotic navigation platform with Total Knee Arthroplasty application and the ACTIFY 3D Total Knee System in July this year. The FDA’s clearance for ExcelsiusFlex and ACTIFY 3D Total Knee Systems marks a significant milestone in orthopedic surgery. These systems […]
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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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