Medical Devices

China assisted reproductive technology devices market to grow at 5% CAGR through 2033, forecasts GlobalData

With the growing rate of infertility in today’s world, assisted reproductive technology (ART) devices play a crucial role in addressing this issue worldwide. Factors such as delayed childbearing, lifestyle changes, environmental factors, and medical conditions contribute to the increasing need for ART interventions. Against this background, the ART devices market in China is expected to […]

Medical Devices

India critical care ventilators market set for 4% CAGR growth through 2033, forecasts GlobalData

The rising prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, is expected to drive the demand for critical care services nationwide. Against this backdrop, the critical care ventilators market in India is set to grow at a compound annual growth rate (CAGR) of 4% between 2023 and 2033, forecasts […]

Medical Devices

Abbott’s recall of HeartMate Touch System may impact LVAD market sales, says GlobalData

The recall of Abbott’s HeartMate Touch system involves over 1,500 devices distributed between 2020 and 2024 and could negatively impact future sales in the Left Ventricular Assist Device (LVAD) market, which was worth $798.6 million in 2023 and is expected to reach $1.15 billion in 2033 with a compound annual growth rate (CAGR) of 3.7%, […]

Medical Devices

Australia MRI systems market to reach $120 million in 2033, forecasts GlobalData

The increasing prevalence of chronic and lifestyle-related illnesses in Australia has created a notable demand for advanced imaging technology, notably magnetic resonance imaging (MRI) systems. This growing requirement for diagnostic tools highlights the crucial role of comprehensive medical assessments before treatment, thus increasing the usage of diagnostic equipment. Against this backdrop, Australia’s MRI systems market […]

Medical Devices

AI revolutionizes general surgery with unprecedented precision and patient outcomes, says GlobalData

Artificial intelligence (AI) integration in general surgery has surged, promising revolutionary advancements in precision and patient outcomes. AI tools have transformed preoperative planning, intraoperative assistance, and postoperative care, enhancing diagnostic accuracy and treatment strategies. With projections indicating substantial growth in AI utilization, particularly in robotic surgical systems, surgery enters a new era of unparalleled precision […]

Medical Devices

Medtronic’s exit from ventilator business highlights evolving industry trends, says GlobalData

In response to changing market conditions, Medtronic made a strategic decision to leave the ventilator market and reorganize its respiratory and patient monitoring businesses. The rationale behind this decision emphasizes the company’s commitment to optimizing its portfolio to align with evolving industry trends, says GlobalData, a leading data and analytics company. Medtronic’s existing ventilator portfolio […]

Medical Devices

Mobile health can improve chronic wound care management, says GlobalData

Chronic wounds pose significant challenges to both patients and healthcare systems globally. These wounds, characterized by their prolonged healing process, often lead to increased morbidity, decreased quality of life, and substantial healthcare costs. However, advancements in mobile health (mHealth) technologies offer promising avenues to improve chronic wound care significantly, according to GlobalData, a leading data […]

Medical Devices

MRI systems market in India to grow at 11% CAGR through 2033, forecasts GlobalData

Magnetic resonance imaging (MRI) systems in India bear a significant responsibility in addressing the country’s disease burden. They play a crucial role in early and accurate diagnosis, monitoring disease progression, and guiding treatment plans across a wide range of medical conditions. Against this backdrop, India’s MRI systems market is expected to grow at a compound […]

Medical Devices

Philips and SyntheticMR’s collaboration pivotal in integration of AI in MRI diagnostic imaging, says GlobalData

Philips recently announced a collaboration with SyntheticMR to develop quantitative brain imaging tools powered by artificial intelligence (AI) to diagnose disorders such as multiple sclerosis (MS), traumatic brain injury, and dementia. With the growing demand for early disease diagnosis and a transformative shift towards accuracy and efficiency in diagnostic imaging, Philips and SyntheticMR’s collaboration represents […]

Medical Devices

AI and IVD medical devices pave way for enhanced dementia and Alzheimer’s diagnosis, says GlobalData

From March 11 to 17 in 2024, the global Brain Awareness Week campaign will bring attention to “The Changing Brain”, diving into the complexities of aging and impact on cognitive health. Central to this theme are conditions like dementia and Alzheimer’s disease, where cognitive decline often results in the loss of independence and a need […]

Medical Devices

GlobalData reveals GLP-1 medications impact on advanced diabetic devices market

The popularity of glucagon-like peptide-1 (GLP-1) drugs like Ozempic and Wegovy has seen a significant uptick in recent times. Projections indicate that the market for GLP-1 medications aimed at weight management could potentially hit $100 billion in 2030. These drugs might present competition for advanced diabetic technologies such as continuous glucose monitoring (CGM) systems and […]

Medical Devices

Transcatheter tricuspid valve repair market set to grow over $2 billion by 2033, forecasts GlobalData

The transcatheter tricuspid valve replacement (TTVR) system, EVOQUE, by Edwards Lifesciences is a minimally invasive treatment option for tricuspid regurgitation (TR). Since receiving CE approval in October 2023 and FDA approval earlier this month, the EVOQUE TTVR system has become the only transcatheter therapy globally available to treat severe TR. With the approval of the […]

Medical Devices

Australia’s grant important step for artificial heart development, says GlobalData

The Australian government announced that it is providing a grant of AUD50 million ($33 million) to the Artificial Heart Frontiers Program (AHFP). This program hopes to create an advanced “Total Artificial Heart” by integrating several cutting-edge cardiac technologies, with the goal to halve the number of deaths from heart failure. The grant demonstrates the importance […]

Medical Devices

Robotic surgery devices market to reach $10 billion in 2024, forecasts GlobalData

As the healthcare landscape continues to evolve with technological advancements, the field of robotic surgery and devices is expected to experience unprecedented growth in 2024. The expansion will be driven by a surge in demand for minimally invasive procedures and advancements in robotic technologies. The global market for robotic surgical systems and accessories is projected […]

Medical Devices

AI-powered diagnosis apps signify transformative shift in healthcare delivery, says GlobalData

Advancements in medical technology, particularly the integration of artificial intelligence (AI), are reshaping diagnostic procedures and patient care. With the burgeoning market for AI-driven diagnostics expected to surpass $908.7 billion in 2030, innovative AI-powered diagnosis apps signify a transformative shift in healthcare delivery. These technologies promise real-time insights, personalized treatment plans, and cost-effective solutions, enhancing […]

Medical Devices

South Korea enteral stents market to grow at 6% CAGR through 2033, forecasts GlobalData

Experiencing a surge in gastrointestinal problems, South Korea has seen a growing reliance on enteral stents as a vital intervention. The adoption of these stents plays a crucial role in managing gastrointestinal (GI) conditions, offering patients a minimally invasive solution for improved health outcomes. Against this background, the enteral stents market in South Korea is […]

Medical Devices

Japan dental implants market to reach $230 million in 2033, forecasts GlobalData

Periodontal disease remains a prevalent concern in Japan, alongside other dental conditions. Even though dental implants offer a reliable and effective solution for replacing teeth lost to periodontal disease, addressing these illnesses comprehensively presents various challenges, including barriers to dental care access. Against this backdrop, the dental implants market in Japan is set to reach […]

Medical Devices

GlobalData urges stronger cybersecurity amid rising healthcare data breaches

In a concerning trend that has sent shockwaves through the healthcare industry, the number of patient records exposed in data breaches doubled in 2023, highlighting a significant and growing threat to healthcare data security. This alarming surge in breaches has raised urgent concerns about the vulnerability of sensitive patient information and underscored the critical need […]

Medical Devices

MIT’s newly developed wearable device may alter ultrasound imaging landscape, says GlobalData

The Massachusetts Institute of Technology (MIT) has created an ultrasound sticker that can determine the stiffness of internal organs for early disease detection. The successful launch of a product with these capabilities has the potential to change the hierarchy of the ultrasound imaging market, which was worth $6.5 billion in 2023 and is expected to […]

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Medical Devices

China assisted reproductive technology devices market to grow at 5% CAGR through 2033, forecasts GlobalData

India critical care ventilators market set for 4% CAGR growth through 2033, forecasts GlobalData

Abbott’s recall of HeartMate Touch System may impact LVAD market sales, says GlobalData

Australia MRI systems market to reach $120 million in 2033, forecasts GlobalData

AI revolutionizes general surgery with unprecedented precision and patient outcomes, says GlobalData

Medtronic’s exit from ventilator business highlights evolving industry trends, says GlobalData

Mobile health can improve chronic wound care management, says GlobalData

MRI systems market in India to grow at 11% CAGR through 2033, forecasts GlobalData

Philips and SyntheticMR’s collaboration pivotal in integration of AI in MRI diagnostic imaging, says GlobalData

AI and IVD medical devices pave way for enhanced dementia and Alzheimer’s diagnosis, says GlobalData

GlobalData reveals GLP-1 medications impact on advanced diabetic devices market

Transcatheter tricuspid valve repair market set to grow over $2 billion by 2033, forecasts GlobalData

Australia’s grant important step for artificial heart development, says GlobalData

Robotic surgery devices market to reach $10 billion in 2024, forecasts GlobalData

AI-powered diagnosis apps signify transformative shift in healthcare delivery, says GlobalData

South Korea enteral stents market to grow at 6% CAGR through 2033, forecasts GlobalData

Japan dental implants market to reach $230 million in 2033, forecasts GlobalData

GlobalData urges stronger cybersecurity amid rising healthcare data breaches

MIT’s newly developed wearable device may alter ultrasound imaging landscape, says GlobalData

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