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GlobalData
GlobalData

Medical Devices

China neurosurgery robotic surgical systems market poised for 12% CAGR through 2033, forecasts GlobalData

China’s healthcare sector is witnessing substantial investment in robotic technologies, driven by an increasing demand for advanced medical solutions. Against this background, China’s neurosurgery robotic surgical systems market is projected to grow at a compound annual growth rate (CAGR) of 12% between 2023 and 2033, according to GlobalData, a leading data and analytics company. GlobalData’s […]
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Next generation sequencers market in India to grow at 11% CAGR through 2033, forecasts GlobalData

Next generation sequencing (NGS) is increasingly being applied in clinical oncology to advance personalized treatment of cancer. Technological advancements are driving a surge in the adoption of NGS in India, enhancing patient care and guiding more accurate and specific screening and targeted therapies. Against this backdrop, India’s next generation sequencers market is expected to grow […]
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GlobalData highlights importance of CMV tests during National Congenital Cytomegalovirus Awareness Month

National Congenital Cytomegalovirus Awareness Month is observed in June every year to raise awareness over cytomegalovirus (CMV), a common virus that typically causes mild or asymptomatic infections in individuals with healthy immune systems. However, when it comes to congenital CMV, the virus can have severe consequences for newborns, including permanent hearing loss, neurodevelopmental delays, and […]
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AI-powered diagnostics in digital healthcare transforming patient safety, says GlobalData

The introduction of artificial intelligence (AI)-powered diagnostic tools demonstrates the medical industry’s shift towards precision medicine approaches. These tools enable a more personalized approach to healthcare by analyzing biological and clinical data using advanced algorithms that account for individual patient characteristics, biomarkers, and disease profiles. Precision medicine exemplifies a larger trend of tailoring therapeutic interventions […]
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Medical manufacturers begin to see positive outcomes from reshoring, says GlobalData

Since 2020, global supply chains have encountered significant disruptions driven by geopolitical conflicts, armed conflicts, climate change, and shifting demographics. These issues have been especially pronounced in the medical devices sector, where the need for resilient supply chains is crucial. The COVID-19 pandemic exposed the vulnerabilities in this sector, causing severe shortages of essential medical […]
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GE Healthcare and Medis partnership will transform non-invasive cardiovascular diagnostics, says GlobalData

GE HealthCare and Medis Medical Imaging have recently announced a partnership to enhance non-invasive coronary assessments. The partnership represents a significant leap forward in the field of cardiovascular diagnostics. It highlights the potential of integrating imaging and software technologies in transforming cardiovascular diagnostics, according to GlobalData, a leading data nd analytics company. GlobalData forecasts the […]
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China renal denervation catheters market to grow at 9% CAGR through 2033, forecasts GlobalData

The prevalence of hypertension has been rising continuously in China, making it a significant health concern. To address this challenge, treatments such as renal denervation systems are emerging as potential solutions, particularly for patients with resistant hypertension. Against this background, the renal denervation catheters market in China is expected to grow at a compound annual […]
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Pulsed field ablation catheters see price increase despite downward pressure in 2024, says GlobalData

Pulsed field ablation (PFA) technology has been spotlighted in recent years, showing promising trends in both clinical adoption and market dynamics. The US market value of Farawave from Boston Scientific almost tripled between February 2024 and March 2024. Unlike the declining trend of the regular electrophysiology devices, the prices of Farawave slightly increased, by 1.2% […]
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HeartMate 3 recall and inadequate hearts for transplantation make HF therapy landscape much more dire, says GlobalData

Heart failure (HF) is one of the major drivers for the growth of mechanical circulatory support devices (MCSDs). MCSDs are used in three therapies in patients who are currently ineligible for a heart transplant: Bridge to Transplant, Destination, and Bridge to Recovery Therapy. Recently, the FDA announced a Class I recall for Abbott‘s HeartMate 3 […]
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Masimo’s FDA clearance for Stork to redefine OTC baby monitoring market, says GlobalData

The COVID-19 pandemic has significantly accelerated the pace of innovation in the healthcare IT market, as health systems worldwide have rapidly adapted to new technologies to manage unprecedented challenges. The shift towards remote healthcare and increased consumer interest in health monitoring at home has driven demand for advanced healthcare technologies, including baby monitoring systems. The […]
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Japan robotic surgical systems market to reach $175 million in 2033, forecasts GlobalData

Robotic surgical systems represent the pinnacle of surgical innovation, merging advanced robotics with artificial intelligence (AI) to provide surgeons with unprecedented control and visualization during procedures. This technological advancement is driving significant market growth worldwide. Against this background, Japan’s robotic surgical systems market is expected to reach $175 million in 2033, forecasts GlobalData, a leading […]
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Medtronic’s MiniMed extended infusion set could improve diabetes care sustainability, says GlobalData

Medical waste generated by diabetes care, especially from the infusion sets and reservoirs needed for insulin delivery with insulin pumps, poses a major problem for sustainability and ecological impact in the market. These devices are heavily reliant on single-use plastics due to the need for sterilized components and ease of use for patients. However, diabetes […]
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South Korea dental CAD/CAM systems and materials market to grow at 3% CAGR through 2033, forecasts GlobalData

South Korea is seeing a surge in the demand for computer-aided design (CAD) and computer-aided manufacturing (CAM) systems due to a growing need for improved design and fabrication of dental prostheses such as crowns, fixed bridges, dental implant restorations, and dentures. Against this backdrop, the dental CAD/CAM systems and materials market in South Korea is […]
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Medtronic’s FDA approval of closed-loop spinal cord stimulator Inceptiv to increase standing in market, says GlobalData

The FDA approval of Medtronic‘s closed-loop spinal cord stimulation (SCS) device “Inceptiv” marks a significant milestone in the SCS market. Medtronic’s entry into closed-loop technology presents opportunities for market expansion, which was worth $2.2 billion in 2023 and is expected to reach $4.3 billion in 2033, according to GlobalData, a leading data and analytics company. […]
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Advancements in AI and telehealth transforming remote surgical assistance, says GlobalData

Surgical innovation has made significant advancements thanks to telehealth and artificial intelligence (AI). Issues like the lack of physicians and the provision of healthcare in underprivileged areas can be addressed with the aid of remote surgical assistance. With the integration of AI into telehealth systems, remote surgical assistance is undergoing a transformation to enhance patient […]
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Neuromodulation devices for epilepsy to see steady market expansion in coming years, says GlobalData

Epilepsy, a neurological condition marked by repeated seizures, impacts millions globally. Though pharmaceuticals have traditionally been the mainstay of treatment, the realm of epilepsy care is evolving, with neuromodulation devices introducing promising innovations. As a result, the neuromodulation devices market is forecast to see a steady expansion in the coming years, according to GlobalData, a […]
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Immunovia’s pancreatic cancer test to further boost IVD’s role in early disease detection, says GlobalData

Immunovia, a Swedish molecular diagnostics company specializing in early cancer detection, announced promising results for its latest pancreatic cancer diagnostic test in a clinical trial. With the demand for early disease diagnosis and a transformative shift towards accuracy and efficiency in In Vitro Diagnostics (IVD), Immunovia’s new test contributes to the sector’s increasingly crucial role […]
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