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GlobalData
GlobalData

Medical Devices

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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Diversity in EMR systems driving market growth, but perpetuating data compatibility challenges, says GlobalData

Electronic medical record (EMR) systems have been increasingly adopted by medical practices around the world to improve organization of patient data and fast-track medical billing and reimbursement. EMR systems are well-established globally, with high diversity in companies and platforms. However, despite over 90% adoption in some regions, the ability to share EMR patient data with […]
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GlobalData reveals advancements in diagnostic tools for early detection of Alzheimer’s disease

The month of June holds significance as it is designated as Alzheimer’s and Brain Awareness Month. It is dedicated to raising awareness about Alzheimer’s disease, brain health, and supporting individuals and families affected by this condition. Early detection plays a crucial role in managing the disease and improving patient outcomes. With advancements in medical technology, […]
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From mental health therapies to surgical training, virtual reality revolutionizing healthcare, finds GlobalData

Virtual reality (VR) provides an immersive experience in a simulated or augmented environment that entirely replaces the users’ field of vision through a headset. The future of VR in healthcare seems bright, with numerous VR-based solutions being created and tested globally, from mental health therapies to drug development and surgical training, says GlobalData, a leading […]
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South Korea diabetes care devices market set for 6% CAGR through 2030, forecasts GlobalData

South Korea has made remarkable progress in automated medical devices, particularly for tackling global health challenges like diabetes. The rising prevalence of diabetes among Korean adults, caused by sedentary lifestyles and poor diets, has led to significant concerns. However, South Korean companies’ advancements in diabetes care devices will revolutionize the management of this chronic condition. […]
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Cataract Awareness Month drives artificial lenses market growth, says GlobalData

With Cataract Awareness Month underway, global attention is being directed towards the staggering number of individuals grappling with visual impairments, particularly cataracts. Intraocular lenses (IOLs), artificial lenses that replace clouded natural lenses, are crucial in treating such cases. Forecasted to grow from $4.1 billion in 2022 to nearly $5.0 billion by 2033, the IOL market’s […]
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MR-aided radiation technology to alleviate cancer treatment burden in India, says GlobalData

The burden of cancer is increasing in India and so are newer technologies for cancer diagnosis, treatment, and management. Radiation therapy has been a key treatment option for cancer. India has seen significant advancements recently in radiation therapies such as intensity-modulated radiotherapy (IMRT) and image-guided radiotherapy (IGRT). As a result, the emergence of new radiation […]
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Speech and Hearing Month highlights recent advancements in cochlear implants, says GlobalData

The month of May is dedicated to Speech and Hearing Month, a time when awareness is raised about communication disorders, hearing health promotion, and support for individuals facing speech and hearing challenges. The latest developments in cochlear implants have revolutionized the field of hearing rehabilitation, says GlobalData, a leading data and analytics company. Among the […]
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Lantern Pharma’s AI algorithms to assess blood-brain-barrier permeability to boost drug development, says GlobalData

As the pandemic has continued to impact the world, there has been a growing focus on the importance of developing new treatments for a range of diseases, including those affecting the brain. Lantern Pharma, a clinical-stage biopharmaceutical company, has developed artificial intelligence (AI) algorithms that can predict the blood-brain-barrier permeability of any compound. Lantern Pharma’s […]
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