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GlobalData
GlobalData

Medical Devices

GlobalData highlights need for increased awareness and research during Brain Tumour Awareness Month

Brain Tumour Awareness Month, observed in May, serves to increase public awareness of the complexities associated with brain tumour diagnosis, treatment, and the essential need for augmented research efforts. The impact on patient health is profound, with cancerous brain tumours having a five-year survival rate of approximately 35%, and glioblastoma multiforme (GBM), the most prevalent […]
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SherpaPak trial success likely to drive further innovation in organ preservation equipment market, says GlobalData

Paragonix, an organ transplant storage technology company, announced the successful completion of the GUARDIAN-Heart trial in the US. The trial aimed to determine if the SherpaPak Cardiac Transport System technology was superior to existing ice-box transplant storage solutions for donor hearts that are currently on the market. The organ preservation equipment market is growing quickly […]
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Boston Scientific reports 138% CAGR since US market release of Farapulse PFA System, reveals GlobalData

Boston Scientific has successfully ended Medtronic’s brief one-month monopoly in the US pulsed-field ablation (PFA) space after receiving FDA approval for its Farapulse System in January 2024. The medical device giant has experienced a compound annual growth rate of 138% in market value between January and February 2024, according to the Electrophysiology Devices March 2024 […]
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HIV tests market in New Zealand to grow at 2% CAGR through 2033, forecasts GlobalData

Human immunodeficiency virus (HIV) self-testing carries significant importance in the global fight against HIV. Particularly crucial for the LGBTQ+ community, it actively promotes HIV prevention, testing, and care, by offering a confidential, accessible, and empowering means of testing. New Zealand has implemented initiatives including targeted outreach programs and community-based testing services at events such as […]
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CaranX Medical’s TAVI success highlights transformative potential of robotic-assisted techniques in cardiovascular medicine, says GlobalData

CaranX Medical, an innovative medical technologies company, announced the successful completion of the world’s first robotic Transcatheter Aortic Valve Implantation (TAVI) procedure. The completion marks a significant milestone in the field of interventional cardiology, showcasing the transformative potential of robotic-assisted techniques in cardiovascular medicine, says GlobalData, a leading data and analytics company. According to GlobalData, […]
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Regulatory oversight crucial as mHealth apps transform healthcare delivery, says GlobalData

Mobile health (mHealth) applications have emerged as powerful tools in transforming healthcare delivery and empowering individuals to take charge of their well-being. These apps, when regulated effectively, not only enhance patient outcomes but also contribute significantly to the efficiency and accessibility of healthcare services. With the increasing adoption of mHealth apps, regulatory frameworks play a […]
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Future looks bright for allergy testing market with vast pipeline of IVD devices, says GlobalData

As spring hits many countries this month, it ushers in warmer weather and seasonal allergies for millions around the world. Pollen levels have been shown to have increased across regions due to climate, vegetation, and urbanization. As precision medicine and personalized medical approaches progress, so does understanding what exactly is causing an allergic reaction and […]
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Smiths Medical ventilator recall to give rise to competitor growth opportunities, says GlobalData

Smiths Medical’s recall of more than 2,900 emergency ventilators has reverberated throughout the transport ventilator market. Concerns regarding device reliability and safety have prompted healthcare providers to reassess their options considering the critical need for dependable equipment. This development presents an opportunity for competitors like Philips and GE Healthcare to potentially reshape the landscape of […]
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Japan insulin pen market 3% CAGR growth calls for sustainable solutions amid environmental urgency, says GlobalData

Japan’s healthcare landscape grapples with the challenge of diabetes, prompting a surge in the use of insulin pens, renowned for their precision, portability, and user-friendly design. While insulin pens minimize biomedical waste, environmental concerns linger. As Japan’s insulin pens market gears for a 3% compound annual growth rate (CAGR) till 2033, the imperative for sustainable […]
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Inspire revenue surge signals neuromodulation takeover in obstructive sleep apnea treatment, says GlobalData

Neuromodulation is rapidly redefining the therapeutic landscape for obstructive sleep apnea (OSA), with Inspire Medical Systems at the forefront, showcasing an impressive revenue climb from $233 million in 2021 to $624 million in 2023. This growth not only demonstrates the efficacy and demand for hypoglossal neuromodulation but also highlights the significant potential within this market […]
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CRISPR-based assay could revolutionize diagnosis of Mycobacterium avium complex NTM infections, says GlobalData

A recent study carried out by researchers at Tulane University and published in the American Journal of Respiratory and Critical Care Medicine unveiled a novel diagnostic tool that can identify Mycobacterium avium complex (MAC) nontuberculous mycobacterial (NTM) infections in as little as two hours. The clustered regularly interspaced short palindromic repeats (CRISPR)-based assay significantly accelerates […]
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Microsoft’s global ecosystem of AI healthcare leaders will contribute to forecasted 31% CAGR in healthcare AI space, says GlobalData

In recent years, the integration of artificial intelligence (AI) in the healthcare and life sciences (HLS) industry has surged, promising transformative impacts on patient care, research, and operational efficiency. At the recently held 2024 Healthcare Information and Management Systems Society Global Health Conference and Exhibition, Microsoft announced that it will be further integrating AI in […]
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Patent filings signal steady upward trajectory in intra-operative surgical guidance landscape, reveals GlobalData

Philips’ new LumiGuide, powered by fiber optic real shape (FORS) technology, enables X-ray radiation-free minimally invasive surgery, marking a significant advancement in intra-operative surgical guidance. Though still in its nascent stages, the landscape of innovation as captured through patent filings is showing a consistent upward trajectory. This is especially evident with corporations filing an increased […]
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GlobalData sheds light on colorectal cancer awareness and prevention

March is Colorectal Cancer (CRC) Awareness Month and it highlights a disease that affects millions worldwide. Throughout March, individuals, healthcare professionals, and organizations join forces to raise awareness about the importance of early detection through screening and implementing preventative measures. As younger demographics face rising incidence of CRC over the next two decades, they must […]
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