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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 […]
Significant expansion of 5G networks could be the catalyst towards smart hospitals, says GlobalData
Imagine that you are admitted to hospital. A smart scheduling system ensures you have a bed; you sign in with your doctor using facial recognition or a fingerprint scanner; thanks to an efficient digital system, your doctor instantly pulls files with all your medical history; and once a treatment is decided, the prescription is automatically […]
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 […]
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 […]
Researchers develop smartphone blood clotting test, says GlobalData
Researchers at the University of Washington have recently developed a blood clotting test that uses one drop of blood and a smartphone. The test uses the vibration and camera from the phone, as well as a plastic attachment. The plastic attachment has a small cup that is placed beneath the camera, and it contains a […]
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, […]
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 […]
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. […]
China medical devices market in reconstruction phase due to volume-based procurement pressure, observes GlobalData
The volume-based procurement (VBP) policy of the medical devices market (valued at $45bn in 2021) in China is undergoing a reconstruction phase presently. With an intention to integrate a larger purchasing volume with a lower price and check the inflated prices of high-value medical devices, the VBP policy in China is undergoing through a rebuilding […]
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 […]
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 […]
Surge in Omicron cases causing medical device shortages, says GlobalData
The COVID-19 pandemic has been ongoing for several years, and hospitals have faced many hardships as a result. At the beginning of the pandemic, hospitals and healthcare workers had to adapt to the new normal, hearing promises from government officials that things would get better soon. Healthcare workers quickly lacked the proper personal protective equipment […]
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 […]
Hearing implants market in Japan to grow at 4% CAGR through 2030, forecasts GlobalData
Japan, which was the second largest market for hearing implants in the Asia-Pacific (APAC) region after Australia in 2021, is expected to grow at a compound annual growth rate of about 4% between 2021 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Hearing Implants (ENT Devices) – Global Market […]
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 […]
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 […]
Renewed cybersecurity methods urgently needed among legacy medical devices to protect against cyberattacks, says GlobalData
For more than a decade, the healthcare industry has been the largest target for data breaches due to relying on older medical devices that no longer support security updates and are at a higher risk of ransomware attacks, says GlobalData. The leading data and analytics company notes that efforts to combat this are urgently required […]
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 […]
US general surgery devices market resilient against COVID-19 in 2021, observes GlobalData
The initial pandemic-induced cancellations of elective procedures in the US between March and April 2020 had devastated its general surgery devices market, as over 50% of general surgeries had been cancelled and the related devices’ markets had similarly declined during those months. However, the US surgery devices market is resilient against the pandemic in 2021, […]
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 […]