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GlobalData
GlobalData

Medical Devices

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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Increasing desire to enhance physical appearance propelling body contouring market in South Korea, says GlobalData

With a greater number of patients seeking alternatives to traditional diet and exercise to achieve their ideal body image, there is a rising demand for body contouring devices market in South Korea making it the third largest market in Asia-Pacific (APAC), says GlobalData a leading data and analytics company. GlobalData’s report, ‘Body Contouring Devices (General […]
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Impressive performance of cardiac assist devices will help cardiovascular devices market surpass $62bn by 2025, forecasts GlobalData

The global market value for cardiovascular devices is projected to grow at a compound annual growth rate (CAGR) of 6% to $62bn by 2025, according to GlobalData, a leading data and analytics company. Kevin Dang, Medical Devices Analyst at GlobalData, comments: “In the first half of 2020, we saw a significant decline in monthly revenues […]
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Japan continue to lead APAC assisted reproductive technology devices market through 2030, says GlobalData

Japan is the largest market for assisted reproductive technology (ART) devices in the Asia-Pacific (APAC) region in 2020 and is expected to remain the same through 2030, according to GlobalData, a leading data and analytics company. GlobalData’s report, Assisted Reproductive Technology Devices (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact), reveals […]
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HIV testing to reach peak market value in 2021 after declining in 2020 due to COVID-19 in South Korea, says GlobalData

The human immunodeficiency virus (HIV) tests market in South Korea is forecast to reach a peak market value in 2021 after declining by about 30% in 2020 due to COVID-19, says GlobalData, a leading data and analytics company. GlobalData’s report, HIV Tests (In Vitro Diagnostics) – Global Market Analysis and Forecast Model (COVID-19 Market Impact), […]
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Zimmer Biomet Q4 financials signal recovery of dental market amidst news of spin-off

Following the recent release of Q4 financial information and news of a spin-off of the Spine and Dental business segments from Zimmer Biomet; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Zimmer Biomet’s recently disclosed its Q4 and full year 2020 financial information, showing that elective procedures like dental […]
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