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GlobalData
GlobalData

Medical Devices

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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New guidelines for breast implant surgeries to enhance patient safety in Australia, finds GlobalData

The execution of new guidelines for the management of breast implant surgeries in Australia to protect the patients from risks that may trigger due to perilous practices and ‘carelessly performed’ surgeries is expected to drive the breast implant market, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Implants Market Size (Value, […]
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China to strengthen robotic surgical systems market with second five-year plan coupled with MAH Pilot Program, says GlobalData

The expansion of the Marketing Authorization Holder (MAH) Pilot Program released in 2019 had attracted extensive investments in the field of robotic surgical systems in China. With the new five-year development plan for robotics industry, growing burden of aging population and COVID-19 pandemic, the trend is likely to continue in the near future, says GlobalData, […]
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Russian imports of high-tech medical devices to continue despite sanctions, says GlobalData

Exports of many medical devices in tech-heavy markets—such as diagnostic imaging, ophthalmology, cardiovascular, and patient monitoring devices—are likely to bypass recent tech sanctions imposed on Russia as these devices often serve an essential purpose and have few domestic substitutes available within the Russian market, says GlobalData. However, the leading data and analytics company notes that […]
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Russian aesthetic devices market to contract by nearly 60% in 2022 as medical companies suspend sales operations, says GlobalData

The Russian aesthetic devices market is set to contract by 59% in 2022 following the country’s invasion of Ukraine and the global sanctions imposed upon it, according to GlobalData, a leading data and analytics company. Given that the Russian aesthetic devices market, which includes aesthetic implants, aesthetic injectables, body contouring devices, and laser resurfacing devices, […]
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Medical device companies operating in Russia continue to provide lifesaving healthcare services whilst pausing all non-essential business, says GlobalData

Medical device and pharmaceutical companies are taking a similar approach to global retailers by withdrawing their activities from Russia where possible, however they continue to maintain sales and deliveries of certain medical devices and pharmaceuticals as it would be detrimental to the health of Russian citizens, and therefore unethical to do otherwise, observes GlobalData, the […]
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