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GlobalData
GlobalData

Medical Devices

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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Revolutionary ultrasound tech could be a game changer for the new world of remote patient monitoring, says GlobalData

Following the announcement of MIT’s new study on a newly developed sticker-based tool for continuous ultrasound imaging; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers their view: “Ultrasounds are a huge milestone for a mother-to-be. It is a health check-up, but most importantly a first chance to see the child […]
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In vitro diagnostics leads medical device market venture financing reaching $4,305 million so far in 2022 due to COVID-19 and cancer screening testing demand, says GlobalData

The in vitro diagnostics (IVD) market venture financing reached $8,626 million in 2020 and $10,492 million in 2021. In response to the increased demand for IVDs testing for COVID-19, and more options for cancer screenings IVD venture financing has already reached $4,305 million so far in 2022 and is set to lead medical device venture […]
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Shortage of automated external defibrillators and other medical devices a potentially life-threatening issue for patients, says GlobalData

The recent news that automated external defibrillators (AEDs) including wearable and nonwearable versions, chest drains/ suction canisters and autotransfusion systems have been added to the list of medical devices in short supply by the Food and Drug Administration (FDA) on July 20, 2022, is a very real and potentially life-threatening issue for many patients, says GlobalData, […]
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The Neuromodulation Devices market will reach $10.7 billion by 2030, driven by neurological conditions impacting the aging population, says GlobalData

The Neuromodulation Devices market was valued at $6.8 billion globally in 2021, and will reach $10.7 billion in 2030, at a compound annual growth rate (CAGR) of 5.2%. The large prevalence of neurological conditions impacting the aging population is a significant driver of the market, according to GlobalData, a leading data and analytics company.Neuromodulation Devices […]
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FDA approval of deep brain stimulators for treatment-resistant depression will drive APAC market, says GlobalData

Deep brain stimulators (DBS) are traditionally used for the treatment of advanced neurological diseases such as Parkinson’s and Tremors. Abbott has recently received the US Food and Drug Administration nod to use its DBS device for treatment-resistant depression (TRD). This provides an opportunity for the company to expand the use of these devices and gain […]
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Development of new liquid biopsy test in Australia to allow earlier esophageal cancer detection, says GlobalData

Australia-based Proteomics International Laboratories has recently secured an exclusive worldwide licence to commercialise a liquid biopsy test to detect esophageal cancer. This is expected to increase the diagnosis rates and allow earlier cancer detection in the country, says GlobalData, a leading data and analytics company. GlobalData forecasts Australia’s oncology market to grow at a compound […]
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AMPEL BioSolutions breakthrough treatment method will transform the way healthcare professionals can treat patients, says GlobalData

AMPEL BioSolutions recently announced a breakthrough treatment method that could change how healthcare professionals treat patients who are suffering from autoimmune and infectious diseases, as well as cancer. This technology has the ability to completely transform the way healthcare professionals treat their patients, and in turn, has the potential to improve the quality of life for […]
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India-Australia trade deal to boost access to Cochlear Ltd cochlear implants in India, says GlobalData

The recent Australian-India Economic Cooperation and Trade Agreement (AIECTA) is expected to increase the accessibility and affordability of Cochlear Ltd’s cochlear implants in India owing to gradual removal of tariffs on its hearing implants and accessories, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Hearing Implants Market Size (Value, Volume, ASP) by […]
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