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Medical Devices

Flu testing still seeing disruption but benefiting from rising ‘multi-parameter’ diagnostics testing for both COVID-19 and flu, says GlobalData

Diagnostics that can test for both COVID-19 and flu have quickly replaced tests that indicate for flu alone, according to GlobalData. The leading data and analytics company notes that these ‘multi-parameter’ tests now comprise a global market worth $1.54bn. Chris Onderisin, Medical Devices Analyst at GlobalData, comments: “Multi-parameter tests with the ability to diagnose both […]
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Vascular embolization plugs and coils market in Japan to grow at 3% CAGR through 2030, says GlobalData

The vascular embolization plugs and coils market in Japan is expected to grow at a compound annual growth rate (CAGR) of 3% through 2030, driven by growing preference for endovascular minimally invasive procedures over traditional surgeries, forecasts GlobalData, a leading data, and analytics company. GlobalData’s latest report, “Vascular Embolization Plugs and Coils (Cardiovascular) – Global […]
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LivaNova’s $519 million fine threatens pipeline portfolio and Q4 earnings potential, says GlobalData

Court of Appeal Milan announced its decision to fine LivaNova $519 million and holds LivaNova jointly liable for SNIA’s environmental damages. LivaNova’s current cash position and debt obligations raises questions on the potential impact to its operations. LivaNova plans to file an appeal with the Italian Supreme Court, while LIVN shares had their largest single […]
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Percutaneous drainage catheters market in Asia-Pacific to grow at 2.5% CAGR through 2030, forecasts GlobalData

The percutaneous drainage catheters market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 2.5% through 2030, with the primary growth factor being changing preference of patients and surgeons from open surgical procedures to percutaneous or minimally invasive procedures, forecasts GlobalData, a leading data and analytics company. […]
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ICP monitoring devices market in Asia-Pacific region to witness 7% growth through 2030, forecasts GlobalData

The intracranial pressure (ICP) monitoring devices market in Asia-Pacific (APAC) is expected to grow at a compound annual growth rate (CAGR) of 7% between 2021 and 2030, driven by the increase in the incidence of hydrocephalus and other neurological disorders and increase in traumatic brain injuries. As the elderly population increases, the chances of traumatic […]
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India arteriotomy closure devices market to witness 5.5% growth through 2030, forecasts GlobalData

The arteriotomy closure devices market in India is expected to grow at a compound annual growth rate (CAGR) of 5.5% between 2020 and 2030, driven by the increasing cardiovascular disease burden among the general population and growing proportion of untreated population, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Arteriotomy Closure Devices […]
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LivaNova’s Q3 financials exceed expectations, says GlobalData

Following the recent release of Q3 financial information from LivaNova; Alexandra Murdoch, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “LivaNova reported that 45% of its sales are attributed to neuromodulation and this growth may be due to the COVID-19 pandemic, and how various countries are recovering. Some US […]
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Recent announcement of GE Healthcare’s Q3 results has indicated a decline in year-over-year revenue

Following GE Healthcare’s announcement of its third quarter 2021 results; Kamilla Kan, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “GE Healthcare’s recent revenue postings indicated a year-over-year revenue decline of -0.5%, with the posted sales of $18.4bn for the three months ended in September 30, 2021. While GE […]
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Intuitive Surgical continues to lead robotic surgery market, but will now face spike in competition, says GlobalData

Following the release of Q3 2021 financials from Intuitive Surgical; Brian Hicks, Senior Medical Devices Analyst at GlobalData, a leading data and analytics companies, offers his view: “Intuitive Surgical continues to consistently deliver on its strong financial performance, as it remains the leader of robotic-assisted surgery (RAS) systems with its signature da Vinci RAS system. […]
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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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