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GlobalData
GlobalData

Medical Devices

Medical device industry faces environmental responsibility challenge amidst healthcare innovation, says GlobalData

Despite the medical device industry’s commitment to healthcare innovation, achieving environmental responsibility has been hindered by stringent regulations. As World Environment Day approaches on 5 June 2023, the industry finds itself at a crucial juncture, balancing technological advancements with sustainable practices, says GlobalData, a leading data and analytics company. GlobalData’s report, “Environmental Trends in Healthcare […]
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Medical device industry rapid AI adoption in response to COVID-19 fuels disruption in cardiology, finds GlobalData

COVID-19 has led to an unprecedented acceleration of digital transformation across the healthcare industry. Medical device companies have had to rapidly adopt emerging technologies such as artificial intelligence (AI) to fight the pandemic. AI has been particularly disrupting the cardiology medical device sector. From the list of AI-enabled medical devices that have been approved by […]
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Assisted reproductive technology consumable devices market to exceed $440 million by 2030, says GlobalData

With June being World Infertility Awareness Month, there is a renewed public awareness campaign towards the difficulties a substantial minority of couples, particularly women, face in achieving conception during their reproductive years. Fortunately, improvements in Assisted Reproductive Technology (ART) have enabled millions of women across the world facing infertility to conceive over the past few […]
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Unipath’s homologous recombination deficiency gene panel to advance cancer genomics in India, says GlobalData

Indian firm Unipath Specialty Laboratory Limited (Unipath) recently launched a homologous recombination deficiency (HRD) gene testing panel using SOPHiA GENETICS technology. The collaboration of Sophia Genetics SA and Unipath will not only advance cancer research in India but also increase access to data-driven treatment options for cancer patients, says GlobalData, a leading data and analytics […]
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Agilent, Theragen Bio collaboration to advance next generation sequencing tests market in South Korea, says GlobalData

Agilent Technologies Inc. has recently signed a memorandum of understanding with Theragen Bio to advance bioinformatic technologies for cancer genomic profiling (CGP) by combining next generation sequencing (NGS) and bioinformatics capabilities. The partnership is expected to not only boost the NGS market in South Korea, but also improve cancer care by enabling personalized and faster treatment decisions, […]
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Atellica CI 1900 Analyzer to expand integrated clinical chemistry and immunochemistry assay options in South Korea, says GlobalData

At the recently held Korean Society for Laboratory Medicine’s 2023 spring symposium, Siemens Healthineers AG has launched Atellica CI 1900 Analyzer  in South Korea. The integrated biochemical and immunoassay solution is expected to contribute to the growth of the integrated clinical chemistry and immunochemistry analyzers market in South Korea, says GlobalData, a leading data and […]
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Boston Scientific’s Watchman FLX key driver of structural heart occlusion devices market’s aggressive growth, finds GlobalData

The structural heart occlusion (SHO) devices market registered aggressive growth in recent years, with a compound annual growth rate (CAGR) of 25% from 2015-2022. Driven mainly by Boston Scientific’s Watchman FLX device, this market has grown over 150% in 2022 compared to 2019, far outpacing other cardiovascular device markets. The SHO devices market is forecast […]
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Sexual and reproductive health market will continue to expand through 2030, forecasts GlobalData

The global medical devices market is poised for significant growth in the coming years, with the sexual and reproductive health segment expected to experience robust expansion through 2030,  driven by increasing demand for healthcare services and technological advancements that promote the development of safe and effective products, says GlobalData, a leading data and analytics company. […]
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Music Therapy Awareness Month and medical device market share a crucial connection, says GlobalData

Music therapy is gaining popularity as it can help reduce anxiety, stress, and perceived pain levels during medical procedures requiring the use of medical devices. Moreover, it can enhance motor function and cognitive abilities in patients with neurological disorders and improve mental health and well-being in patients with psychiatric disorders. The medical device market and […]
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FDA approval for restore3d’s all-metal PSI to boost ankle replacement market growth, says GlobalData

restore3d recently received FDA approval for the first all-metal patient specific instrument (PSI) in ankle arthroplasty. This product, named Axiom PSR, will be added to Kinos Medical’s total ankle system, which hosts a portfolio of ankle implants. The development may contribute to the continued growth of the ankle replacement market, which was estimated to be […]
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