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GlobalData
GlobalData

Medical Devices

Verve’s gene-editing therapy trial to lower cholesterol levels opens doors for use in cardiovascular disease, says GlobalData

The first human clinical trial of a novel gene-editing technique known as base editing has shown promising results in maintaining healthy levels of cholesterol. In the trial by Verve Therapeutics, physicians injected patients with a Clustered Regularly Interspace Short Palindromic Repeats (CRISPR)-based gene editing therapy called VERVE-101, which inactivated the liver gene PCSK9 that typically […]
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GlobalData emphasizes balancing innovation and accessibility in in vitro diagnostics market

In the dynamic landscape of in vitro diagnostics (IVD), transformative technologies are revolutionizing medical solutions. The market brings forth innovative answers to diverse medical conditions. However, the challenges within the IVD realm require thoughtful consideration. A crucial focus on enhancing accessibility, personalizing treatment decisions, and pioneering advancements in cancer diagnostics emerges as imperative for the […]
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Diagnosed sepsis cases in China to grow at 2% CAGR through 2033, forecasts GlobalData

Sepsis represents a significant public health challenge, marked by elevated morbidity, high mortality rates, and substantial economic strain. As emerging technologies continue to evolve, there is a positive anticipation that diagnostic methods and rates for sepsis will witness significant improvement in China. Against this backdrop, China’s incidence of diagnosed sepsis cases is expected to grow […]
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Xenter new smart guidewire for TAVR procedures could replace traditional guidewires, says GlobalData

US-based Xenter has recently unveiled a new dual-sensor investigational guidewire for use during transcatheter aortic valve replacement (TAVR) procedures. The wireless product poses potential competition to traditional guidewires in the rapidly growing TAVR market, which is set to reach $18.8 billion in 2033, forecasts GlobalData, a leading data and analytics company. The dual sensor guidewire […]
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FDA’s new initiative comes at critical time for medical innovation in AI and ML technologies, says GlobalData

Healthcare is one of the industries where artificial intelligence (AI) is used and applied most frequently. The US Food and Drug Administration (FDA) has recently taken a bigger step towards medical device regulation improvement, creating a new advisory committee to better understand the advantages and disadvantages of adopting technologies like AI and ML in healthcare […]
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Robotic surgical systems market to reach $3.3 billion in 2023 despite Intuitive Surgical stock decline, predicts GlobalData

Following the release of its Q3 earnings, Intuitive Surgical experienced an 8% decline in share price during pre-market trading. Notably, Intuitive Surgical holds the position of the leading player in the robotic surgical systems market, boasting an estimated global market share of 57%. Nevertheless, the global outlook remains robust, with the robotic surgical systems market […]
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WHO’s move for regulation of AI in healthcare highlights risks posed by usage of AI tools, says GlobalData

The World Health Organization (WHO) has outlined several considerations for the regulation of artificial intelligence (AI) in healthcare. The WHO recently released a new publication, in which it listed key regulatory considerations, which touch on the importance of establishing safety and effectiveness in AI tools, making systems available to those who need them, and fostering […]
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Bicycle Health, Override Health partnership to significantly impact healthcare IT industry, says GlobalData

The current era is witnessing remarkable advancements in telehealth, healthcare technology, and innovations in patient care. Early in October, Bicycle Health and Override Health partnered in the fight against opioid use disorder (OUD) and chronic pain. This dynamic partnership could have a large impact on the healthcare IT industry as well as transform patient care, […]
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India mammography equipment market set for 12% CAGR through 2033, forecasts GlobalData

Driven by increasing focus on advancing women’s health and facilitating timely breast cancer diagnosis, India’s mammography equipment market is projected to grow at a compound annual growth rate of around 12% between 2023 and 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Mammography Equipment Market Size by Segments, Share, Regulatory and Reimbursement, […]
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Despite growing popularity of weight-loss drugs, diabetes care devices market will reach $33.4 billion by 2030, says GlobalData

Following the news that Abbott Laboratories’ continuous glucose monitoring (CGM) device FreeStyle Libre brought in sales of about $1.4 billion in Q3 2023, a 30.5% growth verses Q3 2022; Tina Deng, Principal Medical Devices Analyst at GlobalData, offers her view: “Diabetes care devices have witnessed massive demand due to the increase in the prevalence of […]
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Canada brain cancer and brain tumour initiatives illuminate treatment challenges and research needs, reveals GlobalData

Canada is set to observe Brain Cancer Awareness Day on 24 October and the globally recognized Brain Tumour Awareness Week from 28 October to 4 November. These important events highlight the challenges in brain tumour and cancer treatment and the need for increased research efforts. Access to latest therapies remains a challenge for many patients, […]
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GlobalData emphasizes balancing innovation and accessibility in advanced medical devices

In contemporary healthcare, advanced medical devices have emerged as a beacon of hope, offering groundbreaking solutions to address a wide range of medical conditions. While the potential benefits are undeniable, the landscape of advanced medical devices presents challenges that demand careful consideration. It is crucial to delve into the complex dynamics concerning these devices, scrutinizing […]
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India aesthetic injectables market to grow at over 5% through 2030, forecasts GlobalData

With a growing population of beauty-conscious individuals, the demand for aesthetic procedures and products has witnessed a significant upswing in India in recent times. The increased awareness of varied beauty treatments and the influence of social media are contributing to the surge in demand for aesthetic procedures in India. Against this backdrop, the aesthetic injectables […]
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GlobalData predicts product cannibalization within electrophysiology ablation space

Pulsed-field ablation (PFA) is reshaping the electrophysiology landscape, marked by Boston Scientific‘s Farapulse PFA system gaining CE mark approval in 2021. The Farapulse PFA system witnessed a remarkable 254% CAGR in patient treatments from 2021 to 2023. PFA’s nonthermal, rapid lesion creation capability has earned it favor among European physicians, heralding potential cannibalization of traditional […]
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India nephrology and urology devices market to grow at 4% CAGR through 2030, forecasts GlobalData

The rising prevalence of non-communicable diseases such as diabetes and hypertension, along with other risk factors, has led to an increasing burden of kidney and urinary tract-related conditions in India. These nephrological and urological diseases, intensified by shifting lifestyles and limited healthcare accessibility, represent a significant public health challenge. Against this backdrop, India’s nephrology and […]
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India’s mycobacterium tuberculosis tests market to grow at 4% CAGR through 2033, forecasts GlobalData

Tuberculosis, a persistent global health challenge, continues to impact countries across the world, including India. As the nation strives to combat this ancient disease, India’s mycobacterium tuberculosis tests market is anticipated to grow at a compound annual growth rate of 4% between 2023 to 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, […]
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