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On Tuesday, 29 November, 2022, at 11:00 (ET), the Medical Devices team at GlobalData will host a webinar taking a deep dive into historic market revenue trends of cardiovascular medical device companies. Click here to register, and find out: How the seven leading public medical device companies in the cardiovascular devices sector performed during COVID-19 […]
In vitro diagnostics expands reach to meet pent-up demand for other diseases and better position manufacturers for market volatilities, says GlobalData
Long after the pandemic subsides, countries will find themselves with an increased capacity for in vitro diagnostics (IVD) testing, including clinical-grade genomic sequencing utilized to diagnose complex diseases, such as cancers, says GlobalData. The leading data and analytics company notes that diagnostic tests for metabolic disorders (cholesterol) and other infectious diseases (hepatitis, HIV) will also […]
Singapore to focus on preventive healthcare through Healthier SG, says GlobalData
Singapore has recently announced plans to roll out a new healthcare reform “Healthier SG” to shift the country’s healthcare strategy from reactive to preventive care. The initiative will not only offer a solution to rising healthcare costs, but also highlights the importance of individuals taking responsibility for their health, says GlobalData, a leading data, and […]
NeuroPace’s RNS system may prove to be an essential option to treating idiopathic generalised epilepsy at the source, says GlobalData
Following NeuroPace’s announcement that its first patient has been implanted with its responsive neurostimulation (RNS) system during the ongoing NAUTILUS clinical trials; Aidan Robertson, Medical Analyst at GlobalData, a leading data and analytics company, offers his view: “As the prevalence of epilepsy is increasing, there will be growing demand for non-medicated solutions as the perception […]
Regulators should address complexities to keep up with AI advancements in medical devices, says GlobalData
Regulatory bodies in the healthcare industry are failing to keep up with the accelerating adoption of artificial intelligence (AI) in medical devices. As many AI technologies have continuous learning capabilities, regulatory bodies such as the FDA and Health Canada should focus on creating a regulatory framework that would allow for ongoing changes, says GlobalData, a […]
ACE Xtend’s approval will help shorten interventional radiology percutaneous procedure durations, says GlobalData
The recent FDA approval of the ACE Xtend Remote Control Unit will have a positive impact on patients and healthcare personnel as it helps in shortening the durations of interventional percutaneous procedures, says GlobalData, a leading data and analytics company. The XACT ACE Robotic System is a device designed to increase the success of interventional […]
Automated cath labs to enhance cardiovascular care in India, says GlobalData
GE Healthcare has recently introduced its first made-in-India artificial intelligence (AI) enabled cath lab diagnostic imaging platform, the Optima IGS 320. This sophisticated interventional cardiology system will guide non-invasive cardiovascular procedures with better precision and versatility, says GlobalData, a leading data and analytics company. GlobalData forecasts the Indian cardiovascular devices market to grow at a […]
AI-enabled made-in-India products to advance patient care in India, says GlobalData
With the rise of artificial intelligence (AI) and machine learning-focused healthtech startups in India, big companies such as Oracle Corp are looking for opportunities to invest and expand their footprint in the country. Against this backdrop, AI-enabled made-in-India products will offer advanced healthcare solutions and improve patient care in India, says GlobalData, a leading data, […]
New NHMRC Centre to facilitate personalized breast cancer screening in Australia, says GlobalData
The University of Melbourne has recently launched My Breast cancer RISK Centre (MyBRISK), a new National Health and Medical Research Council Centre (NHMRC) for Research Excellence, to apply a holistic risk-based approach to breast cancer screening. This is expected to increase the diagnosis rate and facilitate early cancer detection and personalized screening, thereby reducing the […]
Global wearable technology market set to surpass $54 billion in 2023, forecasts GlobalData
The global wearable technology market is expected to register a compound annual growth rate of 19% from $22 billion in 2018 to $54.4 billion in 2023, driven by the growing demand for multimedia devices and smartphones coupled with the increasing adoption of fitness trackers and health-based wearables, forecasts GlobalData, a leading data and analytics company. […]
Automated insulin delivery systems could drive the continuous glucose monitors and insulin pumps market to $20.2 billion by 2030, says GlobalData
For patients with insulin-dependent diabetes, maintaining a healthy blood glucose level can be challenging, says GlobalData. The leading data and analytics company notes that automated insulin delivery (AID) systems, or hybrid closed loop systems, have been developed to make maintaining a healthy glucose level easier. This has led to increased awareness among patients with insulin-dependent […]
Healthcare firms discover ways to use virtual reality to treat neurological diseases, finds GlobalData
XRHealth, a US-based healthcare platform in the metaverse, has recently published a study that shows the potential of using virtual reality (VR) technologies in upper limb dysfunction in multiple sclerosis patients. With new technologies such as VR and augmented reality (AR) being implemented more often in healthcare industry, companies discover more ways new technologies can […]
Major players are shifting away from COVID-19 testing as demand for vaccines set to drop, says GlobalData
Demand for COVID-19 tests is set to drop in 2023 as people are able to access vaccines more easily and build immunity to COVID-19, which will result in less individuals being tested specifically for the virus. Companies such as Roche, Danaher and Abbott are already anticipating this drop in demand by shifting their focus towards […]
Cloud computing will benefit healthcare industry as it encourages trust and transparency between patients and healthcare providers, says GlobalData
Cloud computing is a growing trend in the healthcare industry, and one that is here to stay, according to GlobalData. The leading data and analytics company notes that this technology not only helps secure patient data but also strengthens transparency between healthcare institutions and their patients. Cloud services will help healthcare companies improve cybersecurity GlobalData’s […]
Capital expense of orthopedic robots will continually drop due to fierce market competition, says GlobalData
While Intuitive Surgical holds the largest share of the general surgery robotics market, the orthopedic market is more crowded, with manufacturers including Stryker Mako, Zimmer Biomet ROSA RECON, DePuy Synthes VELYS, and Smith & Nephew CORI all battling for dominance, says GlobalData. The leading data and analytics company notes that this has resulted in a […]
Medical and healthcare the next step for wearable technology, which is set to be worth $156 billion by 2024, says GlobalData
The wearable technology market is booming, with GlobalData predicting that the sector will grow by 24.6% each year between 2020 and 2024 to reach a huge $156 billion. While this has so far largely been driven by consumer fitness trackers, as people sought to keep fit at home during the COVID-19 pandemic, the leading data […]
Japan to lead clot management devices market in Asia-Pacific region through 2025, says GlobalData
Owing to the rising geriatric population and subsequently increased burden of cardiovascular diseases, Japan is leading the Asia-Pacific’s clot management devices market and is expected to retain its position through 2025, according to GlobalData, a leading data and analytics company. Ayshi Ganguly, Medical Devices Analyst at GlobalData, comments: “With Japan leading the world’s aging population, […]
Precision medicine is reshaping cancer care and will help address rising cases, says GlobalData
Precision medicine is reshaping oncology, according to GlobalData, which notes that considering aspects such as a patient’s environment and genetics will provide physicians with a more holistic view of patient requirements. The leading data and analytics company highlights that, since cancer is incredibly variable, the advancement and use of precision medicine is vital in addressing […]
Increasing colorectal cancer screenings drive colonoscope market to reach $5.8 billion by 2030, says GlobalData
The global market for colonoscopes is forecast by GlobalData to rapidly grow from $3.6 billion in 2022 to $5.8 billion by the end of the decade. The leading data and analytics company notes that this growth is primarily driven by the increasing number of colorectal cancer screenings worldwide, but particularly in the US. The typical […]
Valo Health and KSM multi-year partnership could advance personalized medicine with AI and big data, says GlobalData
Following the recent news that Valo Health and Kahn-Sagol-Maccabi (KSM) will perform joint studies using KSM’s Tipa BiobankTM of more than 800,000 samples and Valo’s drug discovery and development platform OpalTM; Ashley Clarke, Medical Analyst at GlobalData, a leading data and analytics company, offers her view: “The collaboration provides an opportunity to utilize the growing […]