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GlobalData
GlobalData

Medical Devices

Embracing digital healthcare and robotics, Stryker outperformed its orthopedic peers in Q3, says GlobalData

Following the announcement that Stryker’s Q3 2021 orthopedic business revenues were 21.3% higher than 2019 and its organic net sales increased by 2%; Tina Deng, Principal Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Stryker’s heavy investment in digital technology and robotics has paid off, as the strong performance […]
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BioMérieux and Quest Diagnostics continue to bet on IVD market that will be worth $30.4bn by 2025, says GlobalData

Following the release of Q3 2021 financials from BioMérieux and Quest Diagnostics; Chris Onderisin, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “Despite vaccinations resulting in downward estimates for COVID-19 diagnostic testing, both BioMérieux and Quest Diagnostics have re-affirmed their faith in the recovery of their core revenue streams. […]
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Asia-Pacific to account for 30% of global implantable loop recorders market in 2021, says GlobalData

The Asia-Pacific (APAC) region is set to account for around 30% of the global implantable loop recorders market in 2021, driven by the growing number of healthcare facilities, rising prevalence of cardiovascular diseases and adoption of newer technologies, according to GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Implantable Loop Recorders (Cardiovascular) Global […]
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Global surgical robotics market to hit $10.3bn by 2030, driven by new cloud computing, AI and robotics technologies, says GlobalData

Surgical robots are designed to solve the limitations currently present in minimally invasive surgeries, as well as to improve outcomes in open surgical procedures. According to GlobalData, a leading data and analytics company, the global surgical robotics market was worth $4.6bn in 2020 and is forecast to reach $10.3bn by 2030, at a strong compound annual growth rate (CAGR) of 8.5%. This growth rate will be driven by the development of new medical device products that utilise the latest innovations in […]
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Creation of mobile health program offers hope to the 16.1% of US population expected to be diagnosed with Parkinson’s disease by 2030

Mobile health applications have been increasingly popular since the beginning of the COVID-19 pandemic helping patients stay up-to-date on their health remotely, while also ensuring that healthcare organizations are not overstretched. A number of applications have gained popularity over this period in various parts of the healthcare field, such as the use of video applications […]
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Japan to account for about 25% of Asia-Pacific thyroid function tests market, forecasts GlobalData

Japan is expected to account for about 25% of the total Asia-Pacific (APAC) thyroid function tests (TSH) market in 2021, driven by aging population and significantly better healthcare system compared to other large economies, forecasts GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Thyroid Function Tests (In Vitro Diagnostics) – Global Market Analysis […]
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Aesthetic implants market in India to grow at 6.5% CAGR through 2025, forecasts GlobalData

Driven by rise in the number of surgical procedures, increasing prevalence of breast cancer and developing healthcare infrastructure, the aesthetic implants market in India is expected to grow at a compound annual growth rate of 6.5% between 2020 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Implants (General Surgery) […]
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The increasing number of disposable medical devices is a cause for concern, according to latest poll

The impact of medical waste resulting from single-use disposable medical devices is concerning. Worldwide over 200 billion personal protective equipment (PPE) were used in hospitals in 2020, according to GlobalData. The leading data and analytics company suggests that reducing waste continues to be an important objective for medical device companies. However, with COVID-19 leading to […]
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APAC stretchers and cots market to reach US$490m in 2025, forecasts GlobalData

The stretchers and cots market in the Asia-Pacific (APAC) region is expected to reach US$490m in 2025, driven by increasing investments in hospital infrastructure and rising healthcare expenditure, according to GlobalData, a leading data & analytics company. GlobalData’s latest report, ‘Stretchers and Cots (Hospital Supplies) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, […]
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Singapore government initiatives to aid medical devices market growth, says GlobalData

Singapore medical devices market is expected to witness a strong growth driven by increasing government expenditure on healthcare and rapidly increasing demand for innovative medical technologies, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Singapore Healthcare, Regulatory and Reimbursement Landscape – CountryFocus’, reveals that government initiatives such as Diagnostics Development (DxD) Initiative and […]
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The number of cyberattacks and exploitation of vulnerabilities in medical devices continues to grow, says GlobalData

Despite the continuing growth of the global security industry – 6.4% compound annual growth rate (CAGR) between 2019 and 2030, according to GobalData – the fast adoption of new technologies in healthcare institutions is raising concern around cyberattacks in the US. While numerous reports have been published to increase awareness of cybersecurity in the healthcare […]
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Singapore deploys technology to drive its vision of achieving smart healthcare system, says GlobalData

Singapore aims to provide smart healthcare to people with the help of novel technologies, which is helping the country to withstand the impact of COVID-19 on its healthcare system, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Singapore’, reveals that the Singapore healthcare market is a […]
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Interconnectivity key to powering smart hospitals

The idea of a smart hospital has been increasingly discussed in recent months due to a combination of new technologies such as the release of 5G networks and the COVID-19 pandemic highlighting the need for telehealth and other connected solutions. At its core, a smart hospital is an interconnected one, where patient health metrics, test […]
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Healthcare institutions must ramp up cybersecurity measures to boost patients’ acceptance of RPM devices, says GlobalData

The COVID-19 pandemic has prompted a rapid increase in the integration and development of new technologies in the medical industry such as remote patient monitoring (RPM) devices. In fact, a survey by leading data and analytics company GlobalData notes that 66% of respondents stated they are more likely to use this technology since the pandemic. […]
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