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GlobalData
GlobalData

Medical Devices

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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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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