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GlobalData
GlobalData

Medical Devices

South Korea shoulder replacement devices market to grow at 5.5% CAGR over next five years, forecasts GlobalData

The shoulder replacement devices market in South Korea, which is expected to grow by 15% in 2021 as elective surgeries resume post COVID-19 pandemic, is forecast to grow at a compound annual growth rate (CAGR) of 5.5% between 2021 and 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Shoulder Replacement (Orthopedic […]
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Integra’s Q1 financials indicate rebound in neurosurgical procedures following significant delays in 2020, says GlobalData

Following the recent release of Q1 2021 financial information from Integra LifeSciences, Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Integra reported a Q1 2021 neurosurgery growth of 2.3% and 5.4% when compared to Q1 2020 and Q1 2019, respectively. Compared with a 6.7% decrease in Q4 […]
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Australia’s extracorporeal membrane oxygenation devices market to grow at 6% over next five years, forecasts GlobalData

The extracorporeal membrane oxygenation (ECMO) devices market in Australia grew by 25% between 2019 and 2020 and is expected to grow at a compound annual growth rate (CAGR) of about 6% between 2021 and 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Extracorporeal Membrane Oxygenation (ECMO) Devices (Cardiovascular Devices) Global […]
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Australia’s surgical sutures market to rebound in 2021, forecasts GlobalData

The Australia surgical sutures market, which witnessed a decline in 2020 due to the COVID-19 pandemic, is expected to rebound in 2021 with the gradual resumption of surgical procedures, especially elective ones, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Surgical Sutures (Wound Care Management) – Global Market Analysis and Forecast Model […]
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Thrombectomy market to reach $465m in 2025 driven by newly approved adjustable stent retriever, says GlobalData

The thrombectomy market was estimated to be worth approximately $265m in 2020 in the US and this is expected to grow to $465m in 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Neurovascular Thrombectomy Devices (Neurology Devices)’, reveals that this growth will be driven by an increase in thrombectomy procedures and […]
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South Korea coronary stents market to witness 11.7% growth through 2025, forecasts GlobalData

The coronary stents market in South Korea is expected to grow at double digit compound annual growth rate (CAGR) of 11.7% between 2020 and 2025, driven by increasing use of percutaneous coronary interventions (PCI) for the treatment of heart diseases, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Coronary Stents (Cardiovascular) – […]
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Healthcare industry should focus on implementing AI and ML to successfully prevent cyberattacks, says GlobalData

The COVID-19 pandemic forced the healthcare industry to rapidly adopt telehealth, which has left it vulnerable to cyberattacks as the industry had little or no time to ensure all the necessary cybersecurity precautions were in place before lockdown measures were enacted. If healthcare organizations do not start prioritizing data protection and cybersecurity, the number of attacks will continue to grow in 2021 and patient’s confidential personal information, and in some cases, patient’s health will be at […]
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Increasing prevalence fueling demand for diabetes assays market in Australia, says GlobalData

The necessity to screen and monitor diabetes patients is driving the diabetes assays market in Australia. The market, which declined in 2020 due to the COVID-19 pandemic, is expected to recover in 2021 with growth returning from 2022 onwards, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Diabetes Assays (In Vitro Diagnostics) […]
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Australia implantable ports market to grow at 4% CAGR through 2025, forecasts GlobalData

The implantable ports market in Australia is expected to grow at a compound annual growth rate (CAGR) of about 4% between 2020 and 2025, driven by aging population and technological advancements, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Implantable Ports (Drug Delivery Devices) – Global Market Analysis and Forecast Model (COVID-19 market […]
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