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GlobalData
GlobalData

Medical Devices

Abbott Laboratories tries to penetrate transcatheter aortic valve replacement duopoly market, says GlobalData

Abbott Laboratories recently announced US FDA approval for its transcatheter aortic valve replacement (TAVR) system Navitor for the treatment of severe aortic stenosis. With the system, Abbott is attempting to enter the market that is difficult to penetrate as it is dominated by only two players, Edward’s Lifesciences and Medtronic, says GlobalData, a leading data […]
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Recommendation of artificial pancreas a huge step for patient comfort and digitization of the NHS, says GlobalData

Following the news that The National Institute of Health and Care Excellence (NICE) has recommended that artificial pancreas systems be available to patients in England and Wales through the National Healthcare Service; Shane Dibblee, Medical Analyst at GlobalData, a leading data and analytics company, offers his view: “An artificial pancreas, also called a ‘closed hybrid […]
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SK Biopharma Project Zero to further strengthen digital healthcare in South Korea, says GlobalData

South Korea-based SK Biopharmaceuticals aims to strengthen its digital healthcare ecosystem through “Project Zero”. The innovative solutions developed as a part of this project are expected to not only facilitate the future expansion of the digital health sector in Korea but also enable better care for patients with neurological disorders, says GlobalData, a leading data, […]
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INVO Bioscience, Ming Mei Technology partnership to offer more fertility treatment options in Taiwan, says GlobalData

Due to delayed marriages and the rising cost of living, Taiwan has one of the lowest fertility rates in the world but is one of the preferred destinations for assisted reproduction in Asia. Against this backdrop, INVO Bioscience Inc recently signed an exclusive agreement with Ming Mei Technology to distribute INVOcell intravaginal culture (IVC) system. […]
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Artificial intelligence to drive digital mammography equipment market in South Korea during 2015-2030, forecasts GlobalData

With more companies leveraging the power of 3D mammography and artificial intelligence (AI) to provide early and accurate results and growing awareness of breast cancer among young women in South Korea, the market for digital mammography equipment is expected to grow at a compound annual growth rate (CAGR) of 11.60% between 2015 and 2030, forecasts […]
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FDA approval for Mobilise rehabilitation device opens doors for investment in health IT-based orthopedic devices in South Korea, says GlobalData

The Ulsan National Institute of Science and Technology (UNIST), the Korea Institute of Science and Technology (KIST), and Seoul National University Bundang Hospital have recently received FDA approval for “Mobilise”, a medical device to help degenerative knee arthritis patients. This will not only open doors for overseas sales but also encourage domestic and international companies […]
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Possible MDR extension could prevent medical devices from being taken off the market, says GlobalData

Following the news that the European Commission has proposed extending the Medical Devices Regulation (MDR), which came into effect in May 2021; Alexandra Murdoch, Medical Analyst at GlobalData, a leading data and analytics company, offers her view: “While this new update provides greater transparency regarding clinical evidence and device failures, with an emphasis on tracking […]
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Medical device companies must ensure digitalization benefits are inclusive to all patients, says GlobalData

Medical device companies are leveraging digitalization to gain more market share in the rapidly growing, global healthcare market currently worth $8 trillion, according to GlobalData. The leading data and analytics company notes that while medical device companies reap the many benefits of digitalization, they need to ensure that these benefits are inclusive to all patients, […]
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South Korea should revise cancer pathology tests reimbursement system, opines GlobalData

The reimbursement system for pathological examinations in South Korea has poor coordination with cancer treatment plans, resulting in many patients not receiving timely treatment. Therefore, South Korea’s reimbursement system needs to be revised to fairly cover changes in pathology tests and subsequent treatment, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that […]
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Artificial Intelligence-aided medical devices to boost South Korea ophthalmic market to $156m in 2030, forecasts GlobalData

South Korea has remained a preferred destination for medical tourism and its ophthalmic devices market is no exception to this. Augmented by continuous innovation, South Korea continues to use artificial intelligence (AI) to diagnose and treat ophthalmic diseases. As a result, the value of the ophthalmic devices market in South Korea is expected to reach […]
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India assisted reproductive technology market to record 8% CAGR between 2022 and 2030, forecasts GlobalData

Expanding assisted reproductive technology (ART) centers and facilities, fueled by high infertility cases, raising awareness, and new advances in science and technology are set to drive the Indian ART devices market at a compound annual growth rate (CAGR) of around 8% between 2022 and 2030, forecasts GlobalData, a leading data, and analytics company. GlobalData’s report, […]
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The market for tissue sealants and adhesives is expected to reach $2.4 billion by 2030 driven by trauma, burn cases and surgical procedures, says GlobalData

The tissue sealants market valued at $1.8 billion in 2022 is forecast to reach $2.4 billion by 2030 at a compound annual growth rate (CAGR) of 3.1%. Demand for tissue sealants and adhesives used in surgical procedures for trauma and burn cases is driving market growth according to GlobalData, a leading data and analytics company. […]
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