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GlobalData
GlobalData

Medical Devices

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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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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