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GlobalData
GlobalData

Medical Devices

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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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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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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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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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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