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GlobalData
GlobalData

Medical Devices

Innovative diagnostic solutions to provide better care for patients with neurological diseases in Japan, says GlobalData

Due to the aging population, the prevalence of neurological diseases such as Alzheimer’s disease (AD) are increasing in Japan. As a result, new in-vitro diagnostics (IVD) and high-precision imaging modalities are being developed to meet the growing need for better neurological healthcare. These innovative solutions will not only facilitate the future expansion of the medical […]
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Boston Scientific’s $615 million acquisition of Apollo Endosurgery will cement its advantage over competitors, says GlobalData

Following the announcement that Boston Scientific has entered into a definitive agreement to acquire Apollo Endosurgery for approximately $615 million; Brian Hicks, Senior Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “This deal value is quite a significant one, however it’s not overly surprising that Boston Scientific had been […]
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Recent FDA regulations will drive 24.7% CAGR in volume of pipeline products reaching medical devices market by 2024, says GlobalData

Recent changes to the FDA’s 510(k) premarket clearance pathway will result in the volume of pipeline products reaching the medical devices market experiencing a compound annual growth rate (CAGR) of 24.7% by 2024, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Regulations in Medical Devices – Thematic Research’, reveals that it takes approximately four […]
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COVID-19 pandemic has encouraged more people to test for HIV with over 18.6 million tests sold to US hospitals in 2021, says GlobalData

As the COVID-19 pandemic normalized frequent disease testing, people have become more proactive in monitoring their health, particularly in infectious diseases such as HIV, says GlobalData. The leading data and analytics company found that over 18.6 million HIV tests were sold to US hospitals in 2021. Selena Yu, Medical Analyst at GlobalData, comments: “HIV test sales […]
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AI-based image analysis solutions will drive Australia mammography market, says GlobalData

The Cancer Institute New South Wales (NSW) recently selected South Korean startup Lunit’s artificial intelligence (AI)-based mammography analysis solution “INSIGHT MMG” for its BreastScreen NSW’s (BSNSW) AI evaluation and clinical integration project. Such collaborations will not only help in the early detection of breast cancer, but also further fuel the growth of the mammography market, […]
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Stumbling VR tech finds a second home in rehab, says GlobalData

Following Penumbra’s launch of REAL y-Series hands- and tether-free VR rehabilitation platform to address both upper and lower extremities with a full body avatar: James Spencer, Data Scientist at GlobalData, offers their view: “Virtual reality (VR) has always looked like an answer looking for a solution. This was never clearer than with Meta’s recent metaverse […]
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Early detection of lung cancer using biopsy devices vital to combat rising mortality rate, says GlobalData

Lung Cancer Awareness Month is intended to raise awareness of what is the world’s deadliest cancer, with the International Agency for Research on Cancer estimating three million people will die from the disease globally by 2040. Therefore, early detection of lung cancer using biopsy devices is critical to improving recovery rates, says GlobalData, a leading […]
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Sports-related head injuries could expand indications of neurology markets, says GlobalData

Both amateur and professional footballers are at a higher risk of head injuries from high-impact head contact during training and gameplay. With the incidence of sports-related injury increasing, growth within neurological medical device markets can also be expected—with hydrocephalus shunts, interventional neuroradiology, and neuromodulation markets estimated to be worth $0.5 billion, $4.5 billion, and $10.7 […]
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South Korea prioritizes AI transformation of diagnostic imaging devices to meet growing demand in hospitals, says GlobalData

Several South Korean healthtech startups that offer artificial intelligence (AI)-based imaging solutions are increasingly partnering with domestic and international multinationals to meet the growing demand in hospitals. Against this backdrop, South Korea diagnostic imaging market is expected to grow at a compound annual growth rate of approximately 5% between 2023 and 2030, forecasts GlobalData, a […]
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Continuous glucose monitoring devices could become main glucose monitoring solution in the US, says GlobalData

Continuous glucose monitoring (CGM) devices could become the leading solution for a growing diabetes population in the US if the FDA’s proposed changes to reimbursement go ahead, says GlobalData. The leading data and analytics company notes that fully reimbursed CGM systems would provide relief to a huge number of diabetes patients, the majority of which currently […]
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Novel technologies and therapies for Parkinson’s disease seeing greater interest by big pharma, says GlobalData

Due to the high-risk nature of drugs being developed for neurology diseases, most product launches in the recent history of Parkinson’s disease have been the result of strategic partnerships for marketing and sales, with few exceptions. Therefore, large pharmaceutical companies such as Merck, Roche, Novartis, and AbbVie often prefer to invest in therapies that are […]
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ECG implants and smartwatches vital for early detection of heart failure and COVID-19 management, says GlobalData

Remote patient monitoring (RPM) devices with electrocardiographic (ECG) capabilities such as medically implantable monitors and more consumer-focused products such as AliveCor’s KardiaMobile 6L and Apple’s Series 4 and 5 represent the future of cardiac monitoring, according to GlobalData. The leading data and analytics company notes that these devices’ ability to track early heart damage and […]
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