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GlobalData
GlobalData

Medical Devices

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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AI-backed innovations to drive Australia ultrasound systems market, says GlobalData

See-Mode Technologies, an Australia-based medical technology company, has recently received regulatory approvals for its artificial intelligence (AI)-powered software that automatically analyses and reports breast and thyroid ultrasound scans in Australia and New Zealand. Such AI-backed innovations are expected to drive the growth of the Australian ultrasound systems market, says GlobalData, a leading data and analytics […]
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Ansell Kovai manufacturing facility to boost India surgical gloves market, says GlobalData

Ansell Limited has recently marked the first phase of the commissioning of its packaging and irradiation operations at its new manufacturing facility in Kovai, India. This is expected to drive the Indian surgical gloves market, promote sustainable manufacturing and contribute to the “Made in India” initiative, says GlobalData, a leading data, and analytics company. GlobalData’s […]
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Newly patented bone marrow biopsy device to bolster bone cancer treatment landscape in India, says GlobalData

Bone marrow cancer is one of the most prevalent types of cancer in India, affecting a large population. Treatment options typically include chemotherapy, radiation therapy, and bone marrow transplantation. To determine these treatment options, a bone marrow biopsy is a vital diagnostic tool. Against this backdrop, the emergence of a new biopsy device is expected […]
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Global surgical sutures market to reach $4.5 billion by 2033, forecasts GlobalData

With the increasing prevalence of chronic diseases, trauma, and the burden of age-related health conditions, there will be a higher need for surgical procedures and healing-related medical devices like surgical sutures. Limitations in healthcare resources and an emphasis on improving patient outcomes are also fueling the development of healing-promoting suture materials and faster application methods. […]
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ChatGPT has the power to change healthcare, says GlobalData

Although artificial general intelligence that can solve problems just like a human is still decades away, ‘good enough’ AIs such as OpenAI’s ChatGPT and ChatGPT-4, which can write original prose and chat with human fluency, hold the potential to completely change healthcare, says GlobalData, a leading data and analytics company. The revolutionary technology is coming […]
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Medtronic can challenge Boston Scientific in PFA market with CE-marked Affera system, says GlobalData

Medtronic recently secured CE approval for its Affera Mapping and Pulsed-Field Ablation (PFA) catheter system. Consisting of the Sphere-9 catheter and Affera Prism-1 mapping software, Medtronic’s ablation system is developed to treat atrial fibrillation (AF). With CE approval, Medtronic can challenge Boston Scientific’s Farapulse system, the only PFA catheter system that is readily available currently, […]
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