GlobalData
GlobalData

Medical Devices

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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Healthcare companies expected to ramp up cybersecurity as the rate of attacks increases, says GlobalData

Following the announcement that Secure Exchange Solutions’ software Direct, Notify, Fetch and Spot have earned Certified status in accordance with HITRUST CSF v9.4 certification criteria*; Kamilla Kan, Medical Analyst at GlobalData, a leading data and analytics company, offers her view: “With patients and healthcare professionals being more aware about data privacy and security, it certainly […]
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Renal dialysis machines market in Australia to grow at 5.5% CAGR through 2030, forecasts GlobalData

The renal dialysis machine market in Australia is expected to grow at a compound annual growth rate of about 5.5% between 2021 and 2030, driven by an increase in number of dialysis centers, forecasts GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Renal Dialysis Machines(Nephrology and Urology Devices) – Global Market Analysis and […]
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China’s minimally invasive spinal devices market to witness 7% growth through 2030, forecasts GlobalData

The minimally invasive spinal (MIS) devices market in China is expected to grow at a compound annual growth rate of about 7% between 2021 and 2030, driven by an increase in geriatric population and prevalence of obesity, leading to spinal disorders, forecasts GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Minimal Invasive Spinal Devices […]
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Implantable cardioverter defibrillators market in India to witness 11% growth through 2030, forecasts GlobalData

The implantable cardioverter defibrillators (ICD) market in India is expected to grow at a compound annual growth rate of 11% between 2021 and 2030, driven by the growing prevalence of sudden cardiac arrest, ventricular tachycardia and ventricular arrhythmia, improved diagnosis and increased availability of treatment, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]
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Medical device contract manufacturing market rebounds in 2021 with M&A deals reaching record-high $1.6 billion, says GlobalData

Medical device contract manufacturing has made a comeback in 2021, according to GlobalData, which notes that merger & acquisition (M&A) deal volume in the sector has reached record highs of $1.6 billion. The leading data and analytics company notes that contract manufacturing, which offers medical equipment manufacturers essential cost reductions and increased return on investment […]
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Inscopix’s new cloud-based platform for neurotherapeutics contributes towards what will be a $4.4 billion cloud services market, says GlobalData

Following the news that US-based neuroscience company Inscopix has announced the launch of a cloud-based platform; Kamilla Kan, Medical Analyst at GlobalData, a leading data and analytics company, offers her view: “Inscopix’s IDEAS platform is able to manage big data systems in a secure way and help scientists analyze, store and share datasets. Cloud-based technologies […]
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