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GlobalData
GlobalData

Medical Devices

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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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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