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GlobalData
GlobalData

Medical Devices

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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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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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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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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Innovalve acquisition will strengthen Edwards Lifesciences’ transcatheter valve replacement segment, says GlobalData

Edwards Lifesciences recently announced the completion of the $300 million acquisition of Innovalve Bio Medical, which specializes in transcatheter heart valve devices. The deal follows an initial investment by Edwards Lifesciences in Innovalve’s transcatheter mitral valve replacement (TMVR) research. Innovalve’s Innostay device recently received FDA approval to begin limited clinical trials in the US, with […]
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Hematology analyzers market in Japan to grow at 5% CAGR through 2033, forecasts GlobalData

Japan’s high-tech healthcare system relies heavily on hematology analyzers, which automate blood analysis that translates to faster diagnoses and targeted treatment for a wide range of blood conditions. Against this backdrop, Japan’s hematology analyzers market is expected to grow at a compound annual growth rate (CAGR) of around 5% through 2033, forecasts GlobalData, a leading […]
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Roche’s AI CGM solution poised to revolutionize diabetes management with CE marking, says GlobalData

Roche recently announced that its artificial intelligence (AI)-enabled continuous glucose monitoring (CGM) solution received the CE mark, signaling a significant advancement in diabetes management. With the CE mark, Roche’s innovative solution is poised to revolutionize diabetes management and enhance patient care, says GlobalData, a leading data and analytics company. According to GlobalData, the AI market […]
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Roche’s foray into continuous glucose monitors dependent on AI efficacy, says GlobalData

Roche’s artificial intelligence (AI)-enabled continuous glucose monitoring system has gained Conformité Européenne (CE) marking. If this AI tool can accurately predict glucose levels, this new tool has the potential to provide diabetic patients with a greater degree of control and prevent dangerous hypo- and hyperglycemic events. However, the system’s success hinges on the accuracy and […]
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AI revolutionizing more areas of medical than ever before, says GlobalData

Artificial Intelligence (AI) has emerged as a transformative force across various sectors, and healthcare is no exception. It is continually revolutionizing healthcare and can contribute to cost reduction and efficiency improvement in several ways. Within the realm of medical devices, AI is driving significant advancements, improving diagnostic accuracy, personalizing treatments, and enhancing patient outcomes. The […]
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South Korea radiosurgery systems market to see 6% CAGR through 2033, forecasts GlobalData

Brain tumors and associated neurological disorders pose a serious medical issue, impacting millions of people worldwide. These tumors interfere with normal brain activity, resulting in a range of symptoms such as headaches, seizures, and cognitive decline. This has driven the demand for advanced, minimally invasive treatments. In this context, South Korea’s radiosurgery systems market is […]
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Precision medicine transforms healthcare beyond oncology, says GlobalData

Precision medicine is reshaping healthcare beyond its traditional focus on oncology. This innovative approach tailors medical treatments to individual genetic, environmental, and lifestyle factors, enhancing disease prevention, diagnosis, and treatment efficacy. From reproductive health advancements like biomarker screenings in IVF to pandemic preparedness initiatives, precision medicine is expanding its impact across diverse medical fields, promising […]
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Boston Scientific’s DBS software signals positive shift in Parkinson’s disease treatment with CE marking, says GlobalData

Boston Scientific recently secured the European CE marking of its Vercise Neural Navigator 5 Software, a key component of the company’s Deep Brain Stimulation (DBS) system for Parkinson’s disease treatment. The rapid expansion and innovation in digital health technologies, coupled with developments like Boston Scientific’s new DBS system, signals a positive shift in patient care. […]
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Companion diagnostics drive precision oncology growth and accessibility, says GlobalData

Companion diagnostic (CDx) tests play a pivotal role in modern oncology by identifying specific biomarkers that guide personalized cancer treatments. These tests, such as HER2 testing in breast cancer, determine eligibility for targeted therapies like trastuzumab. The evolving landscape of CDx tests is marked by decreasing costs, driven by technological advancements and economies of scale, […]
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