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GlobalData
GlobalData

Medical Devices

India sterilization equipment market to reach $170 million in 2033, forecasts GlobalData

Amidst the COVID-19 pandemic, India’s sterilization market witnessed a remarkable transformation, where sterilization devices emerged as unwavering defenders of healthcare, safeguarding countless lives. As the demand for sterilization methods continue to increase owing to the growing awareness of disinfection and sterilization among healthcare personnel and general population, the sterilization equipment market in India is expected […]
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China chemiluminescence analyzers market to reach $45 million by 2033, forecasts GlobalData

Owing to the growing number of cases with infectious and cardiovascular diseases, chemiluminescence analyzers are gaining interest in China due to their high sensitivity and specificity. Against this backdrop, China’s chemiluminescence analyzers market is anticipated to reach $45 million in 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Immunochemistry Analyzers Market Size […]
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Australia cardiovascular devices market to grow at 8% CAGR through 2030, forecasts GlobalData

The Australian government recently updated its cardiovascular disease guidelines aimed at improving time to diagnosis and treatment, as part of its focus on preventative measures for cardiac health. Against this backdrop, Australia’s cardiovascular devices market is set to grow at a compound annual growth rate (CAGR) of over 8% between 2023 and 2030, forecasts GlobalData, […]
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Australia telehealth devices market to grow at 10% CAGR through 2030, forecasts GlobalData

Australia is making impressive strides in telehealth advancements, capitalizing on the integration of technology in healthcare. Against this backdrop, Australia’s telehealth devices market is set to grow at a compound annual growth rate (CAGR) of around 10% between 2023 and 2030, forecasts GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Telehealth Market Size (Value, Volume, […]
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Digitally enabled devices to drive continuous glucose monitors and insulin pumps market to $20.8 billion in 2033, forecasts GlobalData

Amidst the COVID-19 pandemic, digitally enabled devices like continuous glucose monitors (CGMs) witnessed significant growth, highlighting their popularity. These devices greatly aid healthcare providers and patients in enhancing glycemic control and potentially boosting patient self-management. Against this backdrop, the CGM and insulin pumps market is projected to nearly double from $10.6 billion in 2022 to […]
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Product recalls threaten Medtronic’s position in implantable cardioverter defibrillator market, says GlobalData

Medtronic recently issued a recall for its nearly 350,000 implantable cardioverter defibrillator (ICD) devices, which include product lines such as Cobalt, Evera and Visia. These products are their most prominent devices and, in the past, have established Medtronic as the market leader, accounting for an estimated 40% of the ICD market. Against this backdrop, the […]
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Alarming surge in healthcare cybersecurity breaches warrants improved protection measures, says GlobalData

The healthcare industry’s rapid adoption of digital health services and the progression of interconnected devices have revolutionized patient care and operational efficiency. However, this digital transformation has also exposed healthcare systems to a mounting wave of cyberattacks, which warrant improved protection measures, says GlobalData, a leading data and analytics company. According to GlobalData’s Q2 2023 […]
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Alzheimer’s disease market poised for 29% CAGR through 2030 with precision medicine and neuromodulation innovations, forecasts GlobalData

The global Alzheimer’s disease (AD) market is expected to grow at a compound annual growth rate (CAGR) of 29% to reach $16 billion in 2030. Major driving factors of this growth include an ageing global population leading to an increase in prevalent cases, the launch of novel symptomatic therapies and innovations in precision medicine and […]
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China laparoscopic trocars market poised to reach $30 million by 2030, forecasts GlobalData

Being home to the largest elderly population in the world, China has a high prevalence of metabolic and chronic diseases. Elderly patients remain physically and emotionally vulnerable to surgical treatments and operations to treat such medical conditions. Laparoscopy is one of the most preferred minimally invasive techniques that improve surgical outcomes in the elderly population. […]
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Advancements in wearable technology revolutionizing fitness and wellness landscape, says GlobalData

The month of July is a time dedicated to celebrating fitness and wellness, providing an excellent opportunity to explore the latest advancements in wearable technology. With the growing emphasis on leading a healthy lifestyle, wearable technology has become increasingly sophisticated, offering a range of features to track and analyse fitness-related data. With the integration of […]
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GenAI making waves in medical device industry, says GlobalData

Generative artificial intelligence (GenAI) is impacting every industry and the medical device industry is no exception. From crunching massive data sets for R&D breakthroughs to mimicking human speech for improved patient care, the technology is making waves. GenAI is being implemented across the medical value chain for applications ranging from research & development, imaging & […]
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Australia colorectal cancer screening market to reach $10 million by 2030, forecasts GlobalData

The Australian Government has recently partnered with the Cancer Council of Australia to launch a nationwide colorectal cancer screening campaign, in response to the increasing prevalence of colorectal cancer and declining screening rates. Against this backdrop, the Australian colorectal cancer screening tests market is forecast to reach $10 million in 2030, according to GlobalData, a […]
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Major companies still innovating in mature pacemaker space, finds GlobalData

Pacemaker technology has come a long way since its first implantation in the 1950s. Over the years, there have been significant developments in pacemaker technology—such as making smaller devices, more efficient pacing technology, and wireless communication. While pacemakers are considered a relatively mature market, this has not prevented major companies from innovating new products, says […]
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