Medical Devices

COVID-19 tests still in demand despite overall decline in confirmed cases, observes GlobalData

Despite all the decreases in confirmed COVID-19 cases there is still a steady demand for COVID-19 tests. To put this in perspective, the current GlobalData estimates show that the COVID-19 test market revenue for January 2023 is still equivalent to 70% of the market revenue for December 2020 right when testing was in dire need. […]

Medical Devices

In vitro diagnostics to help cancer patients in Japan by supporting personalized oncology medicine, says GlobalData

Japan’s personalized medicine service provider Riken Genesis has recently collaborated with cancer intelligence firm C2i Genomics to make AI-powered whole-genome minimal residual disease (MRD) cancer detection technology “C2inform MRD” available across Japan. Such in vitro diagnostics (IVD)-oncology solutions help physicians not only in precise diagnosis but also aid in prescribing rational medications. Thus, the exceeding […]

Medical Devices

GlobalData forecasts global colonoscope market to reach nearly $6 billion by 2030

With March being Colorectal Cancer Awareness Month in Canada, there is a renewed public awareness and attention towards this deadly disease and how it is screened, diagnosed, and treated. A critical component in this process is the use of colonoscopes to confirm suspected cases of colorectal cancer, the global market for which is forecast by […]

Medical Devices

Brain Awareness Week brings awareness to stroke risk, observes GlobalData

Brain Awareness Week is an annual global campaign that takes place from March 13-19, aimed at raising awareness and support for brain science and issues related to the brain and nervous system. One of the conditions that the campaign seeks to highlight is stroke. In the US, strokes rank as the fifth leading cause of […]

Medical Devices

Nanoparticle-based deep brain stimulation therapy to revolutionize neurological disease treatment in South Korea, says GlobalData

The treatment of neurodegenerative diseases such as Parkinson’s or Alzheimer’s has been a longstanding challenge for medical researchers. However, researchers at South Korea’s Pohang University of Science and Technology have developed a new nanoparticle-based technique to administer electrical stimulation to the brain without the use of implanted electrodes. This has the potential to establish a […]

Medical Devices

GlobalData forecasts Australia heart valve market to reach $50 million in 2030

The sedentary lifestyle and unhealthy choices of the geriatric population in Australia will continue to put them at risk of cardiovascular diseases, especially after the COVID-19 pandemic. Consequently, the rising burden of these diseases will likely increase the demand for minimally invasive procedures, such as Anteris Technologies’ DurAVR transcatheter heart valve. Against this backdrop, the […]

Medical Devices

COVID-19 to drive demand for extracorporeal membrane oxygenation devices market, says GlobalData

The global extracorporeal membrane oxygenation (ECMO) devices market is expected to experience significant growth over the next few years, driven by increasing investment in healthcare infrastructure, growing awareness of ECMO therapy, and the rising adoption of ECMO devices in emerging markets. The market is also likely to be driven by the ongoing COVID-19 pandemic, which […]

Medical Devices

Future of diagnosing and monitoring nonalcoholic fatty liver disease/nonalcoholic steatohepatitis could be noninvasive, says GlobalData

Liver fibrosis is a key characteristic that represents the severity of liver illnesses and is an important factor that helps forecast the progression of liver disorders toward cirrhosis. Although liver biopsies are currently considered to be the gold standard for the diagnosis and histological assessment of nonalcoholic fatty liver disease/nonalcoholic steatohepatitis (NAFLD/NASH), they are not […]

Medical Devices

GlobalData highlights the need for new IVD products for rare diseases

Rare Disease Day, observed on 28 February, highlights the lack of in vitro diagnostic (IVD) tests and therapies for 7,000 diseases affecting 3.5-5.9% of the population worldwide, according to the Rare Disease Day organization. These diseases include Cystic Fibrosis, Turner Syndrome, Gaucher Disease, and Spinal Muscular Atrophy. Of the four diseases, only Cystic Fibrosis has […]

Medical Devices

3D printing in medical devices set to become $4 billion industry by 2026, forecasts GlobalData

3D printing complements traditional manufacturing by offering new opportunities for personalization and small-batch production of complicated parts. In medical devices, this allows for customized devices uniquely suited to patients, improving fit, comfort, and outcomes while reducing the risk of complications. Given its advantages, the medical 3D printing market is forecast to grow from just over […]

Medical Devices

Surgical robotics market will reach $30.7 billion by 2030, forecasts GlobalData

Robotics-assisted surgeries have become more popular in the operating room in the last five years, driving the robust growth of the surgical robotics market. Due to higher capital expenditures, the surgical robotics market is more vulnerable during economic recessions compared with other healthcare sectors. Despite this, the market for robotic surgical systems and accessories is […]

Medical Devices

Remote patient monitoring to play crucial role in implantable defibrillator market, says GlobalData

With the increasing global aging population, the incidence of sudden cardiac arrest (SCA) is likely to increase as well. Against this backdrop, remote patient monitoring (RPM) is set to play an essential role in the implantable defibrillator market as it can improve patient outcomes, reduce healthcare costs, and enhance the patient experience, says GlobalData, a […]

Medical Devices

Transcarotid artery revascularization set to overtake endarterectomy procedures, says GlobalData

Transcarotid artery revascularization (TCAR) allows for better outcomes in patients with high-risk factors, such as advanced age, previous neck surgery, or radiation therapy. Additionally, it has been shown to have long-term effectiveness in preventing stroke. As a result, the minimally invasive TCAR technique is set to overtake the traditional carotid endarterectomy procedures, according to GlobalData, […]

Medical Devices

Global reproductive health devices market set to reach $3.7 billion in 2030, forecasts GlobalData

A growing number of medical indications related to women’s health are being detected, treated, and even cured more promptly than ever before. This is in part due events like Sexual and Reproductive Health Awareness Week in Canada between February 14 to 18. Against this backdrop, the global market for reproductive health devices has historically grown […]

Medical Devices

Artificial intelligence to bring new era of patient care in India, says GlobalData

In the Union Budget 2023-24, the Indian government announced to establish three artificial intelligence (AI) centers of excellence as part of “Make AI for India” and “Make AI work for India” initiatives. This is likely to bring in a new era of breakthrough in patient care by powering a new generation of systems that provide […]

Medical Devices

Diagnostic imaging to drive image visualization solutions market in Japan, says GlobalData

Clinical images assist physicians in routine clinical practice. However, there is an increasing need for a single software/platform, which is compatible with multiple modalities such as CT, and MRI available through different vendors. Against this backdrop, Japan’s Canon Medical Systems Corp. received additional US FDA 510(k) approval for Vitrea Software Package, a vendor-agnostic multi-modality image […]

Medical Devices

Ferronova nanotech image-guided therapy to drive new standards in cancer care in Australia, says GlobalData

Australian biotech startup Ferronova has recently secured A$11 million to advance its nanoparticle platform and help surgeons locate and remove complex gastrointestinal and brain tumors. International investment, coupled with government support, is expected to provide a solid foundation to accelerate research and advance nanotechnology frontiers in the treatment of all types of brain and gastric-esophageal […]

Medical Devices

iSono Health ATUSA AI-driven ultrasound scanner to drive 3D breast imaging in Asia-Pacific, says GlobalData

iSono Health Inc has recently signed an agreement with Abdul Latif Jameel Health to distribute ATUSA System, an AI-driven and portable 3D breast ultrasound scanner, in an initial 31 countries across the Global South covering the Middle East and North Africa, Africa, South Asia, and Southeast Asia. This is expected to drive the 3D ultrasound […]

Medical Devices

Surgical treatment of cancer will be key driver of energy instruments market growth, says GlobalData

The surgical energy instruments market has grown by 5% between 2015 and 2021 and is projected to continue to grow at a similar rate until the end of the decade, driven by events such as World Cancer Day, which is intended to raise awareness of cancer and to encourage its early detection and treatment, says […]

Medical Devices

GlobalData reveals top 3 trends for orthopedic devices market in 2023

The orthopedic devices market is set to reach nearly $50 billion in 2023, after gradually recovering from the pandemic and surpassing the pre-COVID level globally. The top three trends for the market this year include rising number of outpatient procedures, rapid development of robotic surgery, supply chain challenges and inflation pressure, says GlobalData, a leading […]

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Medical Devices

COVID-19 tests still in demand despite overall decline in confirmed cases, observes GlobalData

In vitro diagnostics to help cancer patients in Japan by supporting personalized oncology medicine, says GlobalData

GlobalData forecasts global colonoscope market to reach nearly $6 billion by 2030

Brain Awareness Week brings awareness to stroke risk, observes GlobalData

Nanoparticle-based deep brain stimulation therapy to revolutionize neurological disease treatment in South Korea, says GlobalData

GlobalData forecasts Australia heart valve market to reach $50 million in 2030

COVID-19 to drive demand for extracorporeal membrane oxygenation devices market, says GlobalData

Future of diagnosing and monitoring nonalcoholic fatty liver disease/nonalcoholic steatohepatitis could be noninvasive, says GlobalData

GlobalData highlights the need for new IVD products for rare diseases

3D printing in medical devices set to become $4 billion industry by 2026, forecasts GlobalData

Surgical robotics market will reach $30.7 billion by 2030, forecasts GlobalData

Remote patient monitoring to play crucial role in implantable defibrillator market, says GlobalData

Transcarotid artery revascularization set to overtake endarterectomy procedures, says GlobalData

Global reproductive health devices market set to reach $3.7 billion in 2030, forecasts GlobalData

Artificial intelligence to bring new era of patient care in India, says GlobalData

Diagnostic imaging to drive image visualization solutions market in Japan, says GlobalData

Ferronova nanotech image-guided therapy to drive new standards in cancer care in Australia, says GlobalData

iSono Health ATUSA AI-driven ultrasound scanner to drive 3D breast imaging in Asia-Pacific, says GlobalData

Surgical treatment of cancer will be key driver of energy instruments market growth, says GlobalData

GlobalData reveals top 3 trends for orthopedic devices market in 2023

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