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GlobalData
GlobalData

Medical Devices

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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Mental health care accessibility in America is failing as NAMI study finds that only 76% of patients are able to access in-network care, observes GlobalData

Mental health (MH) access via insurance providers should be equally easy to access as other medical and surgical treatments. The principle was set into law by the The Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act (MHPAEA) 2008. However, a recent study by the US Government Accountability Office (GAO) found that […]
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With new COVID-19 strategy Taiwan looks to balance public health and economic well-being, says GlobalData

With continued surge in COVID-19 cases, the Central Epidemic Command Center (CECC) of Taiwan has announced a ‘new Taiwanese model’, a three-staged procedure, as part of which, individuals who have received three vaccination shots can use rapid testing instead of visiting a healthcare facility for PCR testing while they undergo home isolation. This will help […]
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Increased prevalence of diabetes and product innovation to boost insulin pens market in India, says GlobalData

The insulin pens (diabetes care devices) market in India is expected to reach around US$400m in 2025, driven by the increasing prevalence of diabetes and the innovation of new products such as Roche’s ACCU-FINE pen needles for virtually painless insulin delivery, forecasts GlobalData, a leading data, and analytics company. India has the second-largest number of […]
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Shipping logistics remain a significant challenge to the Russian medical device supply, says GlobalData

The Russian medical device market is heavily reliant on imports to meet demand where domestic alternatives are unavailable. Due to their essential nature, medical devices exports have largely circumvented Western export restrictions on the basis of humanitarian need. However, shipping to Russia has become an increasing complex endeavour amid the ongoing conflict with Ukraine, resulting […]
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Innovation in AI computing platforms for medical devices continues to drive sector M&A deals in 2022, says GlobalData

New artificial intelligence (AI) solutions in the medical devices industry are driving the volume of M&A deals in the sector in 2022, according to GlobalData.Based on the current AI medical device M&A deal trends, the leading data and analytics company expects that diagnostic imaging, specialized sectors like oncology and neurology medical equipment, and in vitro […]
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Key M&A activities in Chinese medical device market almost quadrupled from 2018 to 2021, finds GlobalData

Mergers and acquisitions (M&As) that have occurred in the Chinese medical device sector have greatly increased during the COVID-19 pandemic. According to GlobalData’s Medical Devices Deal Database, the number of key M&A activities in major markets of China quadrupled from 2018 to 2021. The leading data and analytics company notes that In vitro diagnostics (IVD) […]
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Remote care platform from the University of Queensland has the potential to help people with neurological disorders, says GlobalData

The University of Queensland (UQ) in Australia has partnered with the university’s Queensland Brain Institute and Abbott Neuromodulation to develop a remote care platform to treat various conditions such as Parkinson’s disease, chronic depression, and other psychiatric conditions. A device such as the one coming out of UQ and Abbott Neuromodulation could be incredibly helpful […]
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