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 […]

Medical Devices

World Hearing Day highlights growing hearing loss prevalence, says GlobalData

World Hearing Day is observed on March 3 every year in order to raise awareness on how to prevent deafness and hearing loss, as well as promote ear and hearing care across the globe. Hearing loss is becoming more prevalent, and unaddressed needs are causing additional costs to the healthcare system, according to GlobalData, a […]

Medical Devices

Chemiluminescence analyzers market in India to grow at 6% CAGR through 2033, forecasts GlobalData

Chemiluminescence immunoassay (CLIA) analyzers are indispensable tools in Indian medical landscape, offering a broad spectrum of applications encompassing infectious disease testing and cancer biomarker analysis. Consequently, they play a pivotal role in enhancing healthcare delivery, facilitating disease management, and advancing public health initiatives in the country. Against this backdrop, India’s chemiluminescence analyzers market is expected […]

Medical Devices

Boston Scientific exceeds Q4 expectations, looks strong for 2024, says GlobalData

Boston Scientific, a stalwart in the medical sector, has reported net sales of $3.725 billion during the fourth quarter of 2023, affirming its resilience and growth in a dynamic market. The remarkable 14.9% year-on-year (YoY) growth rate underscores the company’s adaptability, driven by strategic initiatives and product innovations. With a robust net income of $504 […]

Medical Devices

Diagnostic imaging to see advances in AI, imaging agents, and ultrasound technology in 2024, says GlobalData

The surging global aging population and escalating disease prevalence, notably cancer, are propelling a heightened demand for imaging. Diagnostic imaging is undergoing a transformative R&D phase, with a focus on software, hardware, and consumables tailored for early disease diagnosis and personalized medicine applications. The recent strides in artificial intelligence (AI), imaging agents, and ultrasound technology […]

Medical Devices

Next-generation sequencers market will reach $5.1 billion in 2033, forecasts GlobalData

Next-generation sequencing (NGS) has revolutionized the in vitro diagnostics (IVD) market by providing enhanced diagnostic capabilities and expanding the market scope. The next-generation sequencers market is poised to grow at a compound annual growth rate (CAGR) of 10.3% from $1.9 billion in 2023 to $5.1 billion in 2033, forecasts GlobalData, a leading data and analytics […]

Medical Devices

Boston Scientific may soon end Medtronic’s brief monopoly in pulsed-field ablation space, says GlobalData

In December 2023, Medtronic received FDA approval for its pulsed-field ablation (PFA) system, PulseSelect. While the PulseSelect is not the first PFA system to be marketed in the world (Boston Scientific’s Farapulse system received CE approval in 2021), it is indeed the first PFA catheter system to receive FDA approval. However, Medtronic’s success in this […]

Medical Devices

Japan neuromodulation devices market set to grow at 6% CAGR by 2033, forecasts GlobalData

With a greater number of individuals being affected by neurological diseases such as Parkinson’s disease, tremors, chronic pain, migraine and depressive episodes, Japan is striving to find innovative solutions. In this context, the neuromodulation devices market in Japan is expected to grow at a compound annual growth rate (CAGR) of around 6% through 2033, according […]

Medical Devices

Nano arthroscopy poised to revolutionize orthopaedic market, says GlobalData

Nano arthroscopy allows surgeons to perform procedures in smaller joints like the wrist, ankle, and elbow, as well as in injured or arthritic knees and shoulders, by utilizing a high-quality camera fixed on a needle-like device. Against this backdrop, the minimally invasive surgical technique has emerged as a transformative method and is poised to redefine […]

Medical Devices

PulseAI’s innovative AI algorithm poised to redefine cardiac health monitoring, says GlobalData

In a revolutionary stride towards advancing consumer electrocardiogram (ECG) diagnostics, Belfast-based medical technology company PulseAI unveiled a groundbreaking artificial intelligence (AI) algorithm, empowering individuals to proactively assess and understand their heart health with enhanced precision. This cutting-edge technology that combines AI with ECG data is poised to redefine the landscape of cardiac health monitoring, says […]

Medical Devices

India coronary drug eluting stents market to register 4% CAGR through 2033, forecasts GlobalData

Already known as the heart disease capital of the world, India is seeing a growing incidence of cardiovascular diseases, especially among young adults, owing to a poor lifestyle. Driven by the growing incidence of coronary artery diseases, improved access to the latest treatment options, higher diagnosis rates, and technological advancements, the coronary drug eluting stents […]

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Medical Devices

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

World Hearing Day highlights growing hearing loss prevalence, says GlobalData

Chemiluminescence analyzers market in India to grow at 6% CAGR through 2033, forecasts GlobalData

Boston Scientific exceeds Q4 expectations, looks strong for 2024, says GlobalData

Diagnostic imaging to see advances in AI, imaging agents, and ultrasound technology in 2024, says GlobalData

Next-generation sequencers market will reach $5.1 billion in 2033, forecasts GlobalData

Boston Scientific may soon end Medtronic’s brief monopoly in pulsed-field ablation space, says GlobalData

Japan neuromodulation devices market set to grow at 6% CAGR by 2033, forecasts GlobalData

Nano arthroscopy poised to revolutionize orthopaedic market, says GlobalData

PulseAI’s innovative AI algorithm poised to redefine cardiac health monitoring, says GlobalData

India coronary drug eluting stents market to register 4% CAGR through 2033, forecasts GlobalData

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