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GlobalData
GlobalData

Medical Devices

Increasing adoption of single-use bronchoscopes driving bronchoscopes market growth to exceed $830 million by 2030, says GlobalData

To cut costs, healthcare companies are seeking out single-use alternatives to certain medical devices that require a lot of time and money to reprocess, according to GlobalData. The leading data and analytics company gives the example of the bronchoscope market, within which single-use flexible video bronchoscopes are gaining ground over traditional multi-use options. A bronchoscope […]
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South Korea next generation sequencing tests market to grow at 4% CAGR during 2022-2030, forecasts GlobalData

Driven by the increased incidence of cancer and greater disease awareness, South Korea’s next generation sequencing (NGS) tests market is expected to grow at a compound annual growth rate of 4% between 2022 and 2030, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Next Generation Sequencing Market Size (Value, Volume, ASP) by Segments, […]
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China’s focus to develop domestic medical device industry may discourage multinational companies, says GlobalData

China is one of the largest medical device manufacturing hubs globally, supplying a range of devices to many countries. However, the country’s increasing focus to strengthen its domestic medical devices industry may create a trust deficit and discourage multinational medical device companies to invest in China, observes GlobalData, a leading data and analytics company. Recently, […]
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Remote patient monitoring devices set to become $760 million industry by 2030 they help keep elderly patients at home reducing burden on hospitals, says GlobalData

The use of efficient remote patient monitoring (RPM*) technology will be vital to prevent healthcare systems from becoming overburdened as the global population ages, according to GlobalData, a leading data and analytics company. Remote patient monitoring devices market to be worth $760 million by 2030 The RPM devices market was one of the fastest-growing industries […]
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Malfunctions in heart surgery device MitraClip could cost 600 patients millions in follow-up surgery and may end Abbott’s market supremacy, says GlobalData

With transcatheter mitral valve repair (TMVR) heart surgery being one of the fastest-growing fields in the realm of heart surgery at the moment—leading data and analytics company GlobalData expects the market to more than double in size to $3.4bn by 2030—it would appear to be plain sailing for Abbott as its TMVR therapy MitraClip is […]
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Olympus Corp aims to strengthen MedTech industry by partnering with startups, says GlobalData

Olympus Corp plans to advance innovations in the MedTech industry by collaborating with startups that specialize in the field of medical devices, digital solutions, and diagnostics. This is expected to improve the patient outcomes and advance the diagnosis and treatment of various diseases in Japan, says GlobalData, a leading data and analytics company. Olympus Innovation […]
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Fitness watches may soon be able to monitor much more than weight and heart health, as GlobalData identifies 160 ongoing clinical trials for medical wearables

Research by GlobalData’s Clinical Trials Database reveals that there are 160 ongoing clinical trials for medical wearables, which are largely for consumer-centered devices such as smart watches and fitness watches. The leading data and analytics company notes that these trials are in a multitude of different indications, ranging from cancer to women’s health, respiratory diseases and nutrition. […]
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Russian PCR systems market to shrink by 44% in 2022 to $17.81 million due to technology sanctions and supply chain issues, says GlobalData

Sanctions placed on Russia since the start of its conflict with Ukraine have had a huge impact on some vital medical supplies as the country imports 64% of its medical equipment. Leading data and analytics company GlobalData reveals that the Russian market for polymerase chain reaction (PCR) systems, which are used to test for diseases, […]
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SNDGG, Google Cloud AI partnership will transform Singapore healthtech industry, says GlobalData

The medical devices industry is beginning to recognize the advantages of artificial intelligence (AI). The industry’s digital transformation has been accelerated by the COVID-19 pandemic. Against this backdrop, the latest memorandum of understanding (MoU) signed between Singapore’s Smart Nation and Digital Government Group (SNDGG) and Google Cloud is expected to transform the country’s healthtech industry, […]
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South Korea to remain fastest growing aesthetics market in APAC, says GlobalData

South Korea is the fastest growing aesthetics market in Asia-Pacific (APAC) and is expected to retain its position in the future augmented by continuous innovation, growing demand for beauty, and increased spending on aesthetic enhancement, says GlobalData, a leading data, and analytics company. GlobalData’s research reveals that South Korea’s aesthetic device market, which accounted for […]
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Positive results from Chinese study on serial liquid biopsy-based screening to improve cancer surveillance, says GlobalData

A prospective study conducted at Guangdong Lung Cancer Institute in China, established a clinically significant cut-off point of 18 months for serial liquid biopsy-based screening to detect minimal residual disease (MRD) in lung cancer patients after early-stage surgical treatment. This will allow oncologists to identify patients in need of appropriate adjuvant treatment resulting in better […]
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Corneal blindness patients could benefit from a potentially less invasive treatment with pig skin protein, says GlobalData

Researchers from Linkoping University and LinkoCare were able to return vision to fourteen corneal blindness patients with a special corneal implant of medical-grade collagen collected from pig skin, observes GlobalData. The leading data and analytics company notes that with this new alternative to human corneal donation, no stitches are required when inserting the implant into […]
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Made-in-India surgical robotic system SSI Mantra to benefit underserved population, says GlobalData

India-based medtech startup SS Innovations has recently launched made-in-India SSI multi-arm novel tele robotic assistance (Mantra) surgical robotic system. Against this backdrop, SSI Mantra will pave the way for cost-effective robotic surgical treatment for the underserved population across the globe, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Robotic Surgical Systems Market […]
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GE Healthcare’s Edison Accelerator program could accelerate the medical industry’s adoption of AI, says GlobalData

Six digital health start-ups, specifically looking at AI to augment medical imaging, have recently been selected to become the first cohort of GE Healthcare and Nex Cubed’s Edison Accelerator program. Focusing on AI should improve patient care by changing the way healthcare is delivered in Canada, allowing clinicians to spend more direct time on patient […]
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Knee and hip replacement surgery could be revolutionised by new Enovis’ ARVIS augmented reality device, says GlobalData

The unveiling and approval of Enovis’ ARVIS, a wearable augmented reality (AR) device, represents a game changer for orthopedic procedures as this new technology can help deliver precision assistance for surgeons performing knee and hip replacements, says GlobalData, a leading data and analytics company. ARVIS, meaning augmented reality visualisation and information system, is a surgical […]
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AI to shape future outcomes in cardiovascular care, says GlobalData

The recent deals and collaborations in the medical device space indicate a growing interest in artificial intelligence (AI) applications for the diagnosis and treatment of cardiovascular disease, observes GlobalData, a leading data and analytics company. New York-based digital health company Cleerly had raised $192 million in a Series C financing round for its AI-driven diagnostic […]
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Cybersecurity spending in medical device sector will reach $1.2 billion by 2025 driven by escalating health data breaches, says GlobalData

Spending on cybersecurity in the medical device sector will grow from $869 million in 2020 to $1.2 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%, according to GlobalData. The leading data and analytics company’s latest report, ‘Cybersecurity in Healthcare – Thematic Research’ reveals that increased data access means there are more […]
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