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GlobalData
GlobalData

Medical Devices

COVID-19 has accelerated the adoption of telemedicine which is here to stay, says GlobalData

Telemedicine has expanded rapidly since the beginning of the pandemic and is being increasingly adopted in the medical world to treat neurological, respiratory and cardiovascular diseases, says GlobalData, a leading data and analytics company. Telemedicine is the use of electronic communication, such as videoconferencing or phone calls, for the delivery of remote clinical care via […]
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Increased Monkeypox virus surveillance drives new IVD device development, says GlobalData

Heightened disease control protocols left over from the COVID-19 pandemic are paving the way for new Monkeypox in vitro diagnostic (IVD) devices as medical professionals and world leaders are eager to contain the potential monkeypox outbreak, observes GlobalData, the leading data and analytics company. According to the World Health Organization, over 2,000 individuals have been infected […]
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Pulsed field ablation tech gaining popularity in the cardiovascular electrophysiology market, says GlobalData

Due to its improvements in procedure times, its safety over existing techniques and its early clinical success, pulsed field ablation (PFA), a new type of catheter-based ablation, has caught the attention of many electrophysiology device manufacturers, observes GlobalData, a leading data and analytics company. Catheter-based ablation is a procedure routinely carried out in cardiac electrophysiology […]
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Rune Labs’ use of Apple Watch to track Parkinson’s symptoms will be game changing for patients, says GlobalData

Rune Labs receiving clearance from the US Food and Drug Administration (FDA) to use Apple Watch to track symptoms of Parkinson’s disease is exciting news for patients, as doctors can combine data to better personalize treatment for individual patients, says GlobalData, a leading data and analytics company. Rebecca Wu, Medical Analyst at GlobalData, comments: “This is […]
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Domestically produced, high-end medical devices would support India’s aim of becoming a manufacturing hub, says GlobalData

Indian government is making moves towards domestic manufacturing as reliance on foreign imports caused issues during COVID-19 pandemic India was among the top three medical devices markets in Asia-Pacific in 2021 Uttar Pradesh (UP) government’s recently announced manufacturing incentives will help the state become a preferred manufacturing destination in India Shortages of medical supplies during […]
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FDA approval of VisAR will enable medical device companies to capitalize on AR market set to be worth $152 billion by 2030, says GlobalData

Investing in augmented reality (AR) is a wise long-term investment for medical device companies, as the global AR market is estimated to be worth $152 billion by 2030 with enterprise AR making up 65% of total revenue, says GlobalData. The leading data and analytics company points out a recent example of Novarad’s VisAR, a fully […]
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AI set to disrupt women’s healthcare as AI investment to more than double in medical devices industry to $500 million by 2024, says GlobalData

Artificial intelligence (AI) is predicted to disrupt the women’s healthcare market in the US, as medical device companies are forecast to spend $500 million on AI platforms by 2024, up from $200 million in 2019, and representing an impressive compound annual growth rate (CAGR) of 20.6%, according to GlobalData. The leading data and analytics company notes that diagnostic tools such as Ultrasound AI’s Preterm AI (PAI), which will be used to predict preterm birth […]
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Over-the-counter hearing aid launches expected but brands likely to err on the side of caution after Bose’s exit, says GlobalData

Following the news that the Food and Drug Administration (FDA) is drafting proposed regulations for a new type of hearing aid for people that struggle with background noise or find hearing in social situations challenging, GlobalData notes that growth and innovation within consumer medical devices will likely catalyse increasing volumes of over-the-counter (OTC) product launches, […]
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Global contrast dye shortage impacting diagnostic imaging procedures and patient care, says GlobalData

A global shortage of contrast dye used in diagnostic imaging procedures such as CT scans, gastrointestinal imaging, angiograms, and cardiac catheterizations is already impacting the healthcare industry and delaying certain procedures, impacting patient care, says GlobalData, a leading data and analytics company. The dye is an iodine-based contrast dye used in diagnostic CT scans and […]
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Magnetron technology to boost India’s domestic medical devices market, says GlobalData

High-powered magnetron technology, developed in India by the Council of Scientific and Industrial Research-Central Electronics Engineering Research Institute Pilani, will revolutionize cancer treatment and provide an impetus to India’s goal of becoming a medical device manufacturing hub, says GlobalData, leading data and analytics company. Magnetrons consist of a basic diode vacuum tube with built-in cavity […]
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Expanding reprocessing options for single-use cardiovascular devices are helping healthcare providers reduce costs, says GlobalData

With the reuse of costly devices offering significant cost savings to healthcare providers while reducing environmental impacts, reprocessing options for cardiovascular devices are expanding to include devices initially limited to single-use applications, observes GlobalData, a leading data and analytics company. Jacob Fletcher, Medical Analyst at GlobalData, comments: “Single-use cardiovascular devices like diagnostic electrophysiology catheters, for example, […]
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Lower pricing alone unlikely to win sales in the implantable cardioverter defibrillators market, says GlobalData

Setting a lower price to enter a competitive market with established brand leaders is a common penetration pricing strategy adopted by many medical device manufacturers. However, GlobalData, a leading data and analytics company, maintains that despite the strategy’s appeal in setting a pricing floor with the potential to gain quick market share from competitors, it may […]
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Amid Russia-Ukraine war, Indian SMEs to gain access to Russian medical device market, observes GlobalData

With the increasing supply chain issues and removal of its banks from the SWIFT International payment system, Russia is looking to collaborate with Indian SMEs to minimize its potential risk of medical device shortage. This is expected to strengthen India’s presence within Russia’s medical device market, says GlobalData, a leading data and analytics company. According […]
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