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Following the release of Q2 2021 financials from Abbott; Dara Lo, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers her view: “GlobalData has observed a significant decline in the first half of the year in COVID-19 testing in US hospitals for both nucleic acid amplification tests (NAATs) and rapid tests such […]
South Korea pacemakers market to grow at 3% CAGR through 2025, forecasts GlobalData
The pacemakers market in South Korea is expected to grow at a compound annual growth rate (CAGR) of about 3% between 2020 and 2025, driven by aging population and advances in pacemaker technologies such as leadless pacemakers, MRI compatible and sensor pacemakers, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Pacemakers […]
Remote monitoring devices could become more accepted post-pandemic
Since the COVID-19 pandemic began spreading in earnest in early 2020, physicians have pushed to limit in-person appointments to minimize the risk of disease transmission. Patients have instead turned to using telehealth platforms and apps to continue receiving care from home. According to GlobalData, a leading data and analytics company, this experience may have improved […]
Japan intracranial stent market to witness 14% growth through 2025, forecasts GlobalData
The intracranial stents market in Japan is expected to grow at a compound annual growth rate (CAGR) of about 14% between 2020 and 2025, driven by the importance and time-sensitivity of neurological procedures, forecasts GlobalData, a leading data and analytics company. As COVID-19 cases subside and vaccinations continue, procedure volumes are expected to grow for […]
Australia esophagoscopes and gastroscopes market to witness 14% growth through 2025, forecasts GlobalData
Driven by increasing demand due to high prevalence of gastrointestinal disorders, the esophagoscopes and gastroscopes market in Australia is expected to witness a compound annual growth rate (CAGR) of 14% through 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Esophagoscopes and Gastroscopes (General Surgery) – Global Market Analysis and Forecast Model […]
China to lead Asia-Pacific thyroid function tests market through 2025, forecasts GlobalData
China, which accounted for about 45% of the Asia-Pacific (APAC) thyroid function tests market in 2020, is expected to continue to lead the regional market through 2025, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thyroid Function Tests (In Vitro Diagnostics) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, reveals […]
Robotic-assisted knee reconstruction surgeries will reach 700,000 globally by 2030, says GlobalData
Robotic-assisted knee reconstruction has increased significantly over the past years as robots have become more popular in the operation room. The number of robotic-assisted knee reconstruction surgeries will reach approximately 700,000 globally by 2030, at a compound annual growth rate (CAGR) of 8% from 2021 to 2030, according to GlobalData, a leading data and analytics […]
Global cloud services in medical devices expected to generate revenues of $4.4bn in 2024, says GlobalData
Global market revenue for cloud services in medical devices was worth $2bn in 2021. This is expected to grow to $4.4bn by 2024, at a compound annual growth rate (CAGR) of 17.1%, according to GlobalData, a leading data and analytics company. Kevin Dang, Medical Data Analyst at GlobalData, comments: “When people hear the word ‘cloud’, […]
Mobile MRI devices could help fix backlog of delayed MRI procedures
Over the last year, healthcare networks largely focused their resources on devices that could be used to diagnose, treat, or otherwise combat COVID-19. MRI scans were not found to be helpful in diagnosing the disease or its aftereffects, and so were largely left off the COVID-19 treatment pathway. This has resulted in delays which has […]
Recent clinical trial results indicate future may be bright for renal denervation
Results for two major clinical trials that were released in May 2021 indicate the future for renal denervation, a treatment for high blood pressure, may be bright. Global market value for renal denervation devices was estimated to be just over $13m in 2020, reflecting a drop in market value that occurred due to the COVID-19 […]
COVID-19 has accelerated demand for handheld ultrasound devices in China, says GlobalData
The necessity to screen and monitor functionality of vital organs, such as the lungs and heart of COVID-19 patients and limiting the exposure of frontline staff to infection during treatment, is driving the demand for handheld ultrasound (HHU) devices in China. The HHU devices market is expected to grow at a compound annual growth rate […]
Aortic stent grafts market in Australia to grow at 15% CAGR over next five years, says GlobalData
The aortic stent grafts market in Australia witnessed a decline in 2020 as patients suffering from COVID-19 took precedence in treatment over others except in cases of emergency. However, the market is expected to rebound and grow at a compound annual growth rate (CAGR) of 15% over the next five years, according to GlobalData, a […]
China ventilators market to exceed US$275m by 2030, forecasts GlobalData
Driven by increasing demand for access to basic healthcare and government initiatives, the ventilators market in China is expected to exceed US$275m by 2030, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Ventilators (Anesthesia and Respiratory Devices) – Global Market Analysis and Forecast Model (COVID-19 Market Impact), reveals that critical care ventilators […]
Japan Transcatheter Aortic Valve Replacement (TAVR) market to exceed US$450m through 2025, forecasts GlobalData
The transcatheter aortic valve replacement (TAVR) market in Japan is expected to exceed US$450m in 2025, driven by the increasing prevalence of aortic stenosis in elderly population, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Transcatheter Aortic Valve Replacement (TAVR) (Cardiovascular) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, reveals that […]
Diabetes care devices market will reach $25.4bn by 2025
The diabetes care devices market was worth over $19bn in 2020, and is expected to grow to $25.4bn by 2025 with a CAGR of 6.5%, driven by the strong performance of the continuous glucose monitors (CGM) market, according to GlobalData, a leading data and analytics company. GlobalData anticipates the continued growth of the CGM and […]
China will continue to account for about 50% of oxygenators market in Asia-Pacific through 2025, says GlobalData
China, which accounted for about 50% of the oxygenators market in the Asia-Pacific (APAC) region in 2020, is expected to retain this share through 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Perfusion Disposables (Cardiovascular Devices) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’ reveals that Terumo Corp […]
China point of care PCR systems market to witness 10.6% growth through 2025, forecasts GlobalData
The point of care (POC) polymerase chain reaction (PCR) systems market in China is expected to grow at a compound annual growth rate (CAGR) of 10.6% between 2020 and 2025, driven by the effectiveness of POC analyzers in the rapid detection of infectious diseases specifically COVID-19, forecasts GlobalData, a leading data and analytics company. GlobalData’s […]
Aesthetic fillers to drive Japan aesthetic injectables market to over US$150m in 2025, forecasts GlobalData
The aesthetic injectables market in Japan is expected to exceed US$150m in 2025, driven by the increasing number of aesthetic fillers procedures due to their superior reliability, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Injectables (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, reveals that Botulinum […]
Anesthesia and respiratory devices market to reach $20bn in 2025 driven by recent surge in 510(k) clearances, says GlobalData
The global market value for anesthesia and respiratory devices is projected to grow to $20bn in 2025, up from $16.8bn in 2021, according to GlobalData, a leading data and analytics company. New and innovative products making their way into the market will provide stable growth over the coming years. Kevin Dang, Medical Data Analyst at […]
Phoenix Cardiac Devices to shake up mitral valve treatment markets with BACE device, says GlobalData
Phoenix Cardiac Devices recently gained regulatory CE mark approval for its basal annuloplasty of the cardiac externally (BACE) device, for treatment of functional mitral regurgitation. The company is set to shake up the mitral valve treatment markets due to its device being placed outside of the heart, which is a beneficial feature since it reduces […]