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GlobalData
GlobalData

Medical Devices

Safeguarding patient privacy plays critical role in healthcare digital transformation, says GlobalData

The pandemic and quarantine measures prompted a growth in telemedicine as well as a general increase in the usage of digital technologies across the board. However, if cybersecurity and data protection are not given top priority in the technological infrastructures of the healthcare industry and medical device manufacturers, the possibility of the exposure of private […]
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Zocdoc’s new initiative could lead to improved adherence to treatment plans in telemedicine, says GlobalData

The COVID-19 pandemic brought on an unprecedented transformation in the healthcare landscape, with one of its most impactful and enduring effects taking place with the rapid growth of telemedicine. Zocdoc, a healthcare technology platform, is making waves in the healthcare industry with a new initiative, a free suite of tools meant to assist healthcare professionals […]
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Singapore biomedical innovation and global collaboration fuel medical sector dominance in H1 2023, finds GlobalData

Singapore’s dominance in the medical devices sector remains unshaken during the first half (H1) of 2023. Renowned for biomedical innovation, the city-state’s strategic shift towards preventive healthcare drives collaborations with local and foreign partners. This approach enhances the competitiveness of the domestic medical sector, offering access to funding, resources, and global networks, says GlobalData, a […]
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Medtronic data privacy lawsuit may lead to heightened scrutiny of medical devices industry, says GlobalData

In a development that has sent shockwaves through the healthcare industry, Medtronic, a renowned medical device manufacturer, finds itself embroiled in a legal battle over allegations of sharing a ‘treasure trove’ of diabetes patient data with tech giant Google. The lawsuit, which was filed in July 2023 by concerned patients and privacy advocates, accuses Medtronic […]
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India surgical sutures market set to grow to $380 million in 2030, forecasts GlobalData

Minimal access surgeries (MAS) have gained significant importance in recent times owing to reduced post-operative pain, shorter hospital stays, and quicker recovery of patients. In India where a large population seeks affordable healthcare, the success of MAS heavily relies on efficient suturing techniques that are vital to minimize complications and infections. Consequently, the domestic surgical […]
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Implantable vagus nerve stimulators market to reach $1.27 billion in 2033, forecasts GlobalData

New vagus nerve stimulator (VNS) devices are expanding treatment pathways for historically treated indications like depression and epilepsy and are also investigating other cardiovascular, neurological, and systemic chronic health applications. Many of these indications are debilitating and/or life-threatening conditions that have exhausted all other treatment options, and patient-centered solutions are in high demand. Against this […]
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Gene expression tests will improve disease diagnosis, says GlobalData

Researchers from Imperial College London have developed a blood test to diagnose the cause of fevers in children. The test detects patient gene expression in their blood during a fever-causing inflammatory response to pinpoint the disease, which is coined as Personalised Molecular Signature Diagnosis (PMSD). The approach involving gene expression profiling will improve diagnosis workflows […]
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Financial distress in digital health apps linked to market shifts and rising interest rates, finds GlobalData

As technology continues its transformative journey across sectors, healthcare apps emerge as beacons of progress, promising enhanced health management and accessibility. Amid this promising landscape, challenges loom for healthcare app enterprises. The convergence of rising funding costs and shifting market dynamics puts these companies at risk of financial instability, potentially leading to insolvency, says GlobalData, […]
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Telehealth market poised to register growth as recovery from post-pandemic slump begins, says Globaldata

The impact of the COVID-19 pandemic has prompted a surge in telehealth development. Telehealth has provided valuable help in maintaining social distancing while allowing medical professionals and patients to interact with each other. When COVID-19 precautions started to lift in 2021, telehealth had a decrease in usage. Despite this recent slump, the telehealth market will […]
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Australia medical devices market to reach $14 billion in 2030, forecasts GlobalData

Driven by the growing demand for personalized and patient-focused healthcare, advancements in technology, and rapid evolution and implementation of artificial intelligence (AI) in healthcare, Australia’s medical devices market is anticipated to reach $14 billion in 2030, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that Australia accounts for over 6% of the […]
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GlobalData highlights complexity of regenerative medicine landscape

In modern healthcare, regenerative medicine has emerged as a beacon of hope, offering innovative treatments and therapies that utilize the power of genetic engineering to address previously untreatable diseases. While the potential benefits are undeniable, the landscape has challenges that demand careful consideration, says GlobalData, a leading data and analytics company. Cynthia Stinchcombe, Medical Analyst […]
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Thermo Fisher Scientific’s new refrigerators poised to make profound impact on medical devices market, says GlobalData

Thermo Fisher Scientific recently unveiled a ground-breaking addition to its product portfolio – the Thermo Scientific TSG Series Refrigerators. These innovative refrigerators are specifically designed to address the vital need for secure storage of critical vaccines and pharmaceuticals within laboratory, pharmacy, and clinical settings. The impact of this innovation on the medical devices market is […]
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