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GlobalData
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Medical Devices

New ICMR-DHR policy to boost domestic medical device market in India, observes GlobalData

The new Indian Council of Medical Research (ICMR)- Department of Health Research (DHR) policy on biomedical innovation and entrepreneurship is expected to boost the domestic Indian medical devices market by endorsing the government’s initiatives such as Make-in-India, Start-Up-India and Atmanirbhar Bharat, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the Indian […]
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New product development to drive South Korea aesthetic injectables market growth through 2030, predicts GlobalData

South Korea is expected to be the fastest growing country in the Asia-Pacific (APAC) region for aesthetic injectables market with a compound annual growth rate (CAGR) of around 9% between 2021-2030, driven by continuous product development, desire for appealing looks coupled with the availability of non-invasive/minimally invasive aesthetic techniques, forecasts GlobalData, a leading data and […]
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Companies plan to increase ESG investments to improve market performance, finds GlobalData survey

78% of medical device companies plan to increase ESG investments ESG related factors to drive operational decisions and corporate strategies 70% of ESG executives believe setting ESG targets good for company revenue With a vision to reach net-zero carbon emissions, many companies are planning to increase their expenditure on environmental, social, and governance (ESG) goals. […]
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Health in Motion Network and ScriptDrop partner to revolutionize existing technology products, says GlobalData

US-based health information technology companies Health in Motion Network and ScriptDrop Inc have partnered to closely integrate their technologies. The partnership will help both the companies to improve and revolutionize their existing technology products, says GlobalData, a leading data and analytics company. Kamilla Kan, Medical Analyst at GlobalData, a leading data and analytics company, comments: […]
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Global assisted reproductive technology consumable devices market to grow at 3% CAGR through 2030, forecasts GlobalData

The combination of rising public awareness of successfully achieving pregnancy through assisted reproductive technology (ART) and increased access to fertility clinics globally have resulted in the steady increase of ART procedures year-over-year. Against this backdrop, the ART consumable devices market is set to grow at a compound annual growth rate (CAGR) of 3%, resulting in […]
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Product innovation continues to drive disposable endoscopes market growth in 2022, finds GlobalData

The rapid growth of the disposable endoscopes market will most likely cannibalize the growth potential of the reusable endoscopes market. In addition, new product lines continue to drive the expansion of the disposable endoscopes market. Sensing this opportunity, Danish company Ambu has recently launched the world’s first disposable gastroscope, says GlobalData, a leading data and […]
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60% of medical device manufactures believe Brexit will make marketing new products more difficult in the UK, reports GlobalData

60% of respondents expected the marketing of devices to be more difficult as all manufacturers will need to register with the Medicines and Healthcare Products Regulatory Agency (MHRA) Additional regulatory authorization to enter the UK market might deter companies   Despite new UK regulations, the UK medical device industry is predicted to reach $19.8 billion […]
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Backed by sound healthcare system, Japan to be the second largest diagnostic imaging market in APAC, says GlobalData

Driven by government initiatives, technological advancements, aging population, and significantly better healthcare system compared to other large economies, Japan was the second largest diagnostic imaging market in the Asia-Pacific (APAC) region in 2021 and is expected to retain its position in the future as well, finds GlobalData, a leading data and analytics company. GlobalData’s research […]
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GlobalData partners with Snowflake to empower seamless access and delivery of its data

GlobalData’s Marketplace is now accessible via Snowflake’s cloud data platform, empowering seamless access and direct integration of GlobalData’s intelligence into customer applications and data operations.  London – February 21, 2022 – GlobalData Plc (LSE: DATA), a leading intelligence platform for the world’s largest industries, has announced a partnership with Snowflake, a premier data warehouse built […]
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South Korea to be the fastest growing minimally invasive neurosurgery market in APAC, says GlobalData

Driven by an established public healthcare system and increase in the incidence of intracranial hemorrhage, and brain tumors, South Korea will become the fastest growing minimally invasive neurosurgery market in the Asia-Pacific (APAC) region. Consequently, it is expected to grow at a compound annual growth rate of 5.6% between 2021 and 2030, according to GlobalData, […]
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Easing of regulations for AI-based medical devices to empower domestic market in Japan, observes GlobalData

With the emergence of diagnosis and medical treatment supported by artificial intelligence (AI) expected to replace the competencies of creativity and ideation in the medical device industry, Japan plans to ease regulations for AI-based devices. Subsequently, this is likely to empower the domestic medical device market, finds GlobalData, a leading data and analytics company. GlobalData’s […]
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Invasive procedures remain favored option for renal stones in Australia, observes GlobalData

The non-invasive stone management procedures such as shock wave lithotripsy and Retrograde ureteropyeloscopic holmium laser lithotripsy have gained global popularity over time. Despite this, the adoption of invasive surgeries still remains significantly high in Australia due to concerns over prolonged treatment duration with the modern treatment options, says GlobalData, a leading data and analytics company. […]
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Medical device companies must focus on the growing demands of the aging population, says GlobalData

The growing elder population and their rising medical needs will continue to drive the global medical device market, says GlobalData, a leading data and analytics company. A recent report by GlobalData, ‘Aging Population and Medical Devices – Thematic Research’, reveals that, as life expectancy increases around the globe, medical device companies will need to meet […]
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