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GlobalData
GlobalData

Medical Devices

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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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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