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GlobalData
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Medical Devices

Medtronic’s Q3 recovery bodes well for Q4 and beyond but elective neuromodulation procedures may be bump in road

Following the recent release of Q3 financial information from Medtronic; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Medtronic’s recently disclosed Q3 financial information shows that there is still some way to go before revenues return to pre-pandemic levels, despite strong recovery. Specifically, Medtronic reported that its neuromodulation […]
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Peripheral drug-coated balloon market makes strides, but may be hindered by COVID-19

While there has been movement within the drug-coated balloon (DCB) market, data and analytics company GlobalData expects that the ongoing COVID-19 pandemic will hinder the growth opportunities for DCBs, including Boston Scientific’s Ranger, which recently received FDA approval. Given the non-essential nature of the procedure and restrictions, GlobalData estimates that percutaneous transluminal angioplasty (PTA) balloon […]
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Exit of Boston Scientific’s Lotus Edge will shake up US transcatheter aortic valve replacement market

Following the news that Boston Scientific is immediately retiring its Lotus transcatheter aortic valve replacement (TAVR) programme; Ashley Young, Senior Medical Devices Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “Due to its minimally invasive nature, TAVR is a good alternative for patients who are not suitable candidates […]
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Home oxygen therapy to drive oxygen concentrators market growth in India, says GlobalData

The use of oxygen concentrators to stabilize the health of the COVID-19 patients with mild breathing problems and other patients with chronic, severe respiratory issues opting home care oxygen therapy to avoid co-infection from hospital visits are driving the demand for oxygen concentrators market in India, says GlobalData, a leading data and analytics company. GlobalData’s […]
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Rapid adoption of AI could cause problems due to biased data

The COVID-19 pandemic has caused rapid adoption, integration and development of artificial intelligence (AI) and machine learning (ML) into the healthcare industry. AI is being widely used for early detection of COVID-19 and contact tracing, as well as helps support the the development and research of vaccines. According to data  and analytics company GlobalData forecasts, […]
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Fitbit continues efforts to detect COVID-19 early via wearables with $2.5m US Army award, strengthens market position, says GlobalData

Following the recent news that Fitbit has received an award from the US Army to continue development of early COVID-19 diagnostic capabilities in its wearables; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “The health tracking capabilities of wearables have expanded at a remarkable pace, and the pandemic has provided the perfect environment for advanced health software solutions to develop. […]
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COVID-19 testing will be the savior of the medtech industry

Following Quidel’s recent reporting of Q3 revenue in 2020; James Spencer, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Quidel’s recently reported an absolutely staggering 276% increase in Q3 revenue in comparison to its Q3 2019 revenue. This is surprising amid a medtech industry that has been drastically affected by the pandemic. […]
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Cybersecurity continues to develop into critical consideration for healthcare industry, particularly in wake of COVID-19 pandemic

The rising costs of data breaches and the growing number of attacks to healthcare and other organizations is turning cybersecurity into a mission-critical technology for most industries, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Cybersecurity in Healthcare’, shows that cybersecurity presents a major risk to healthcare data. The healthcare industry remains […]
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Majority of industry experts believe finding COVID-19 vaccine to be important healthcare issue for US presidential election

GlobalData, a leading data and analytics company, has found that 57% of industry experts believe that finding a COVID-19 vaccine is an important healthcare issue for the US presidential election in November. The COVID-19 pandemic and race for a vaccine has emphasized the need to address healthcare policy heading into the US presidential election in […]
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Abbott pushes forward with enhanced remote patient monitoring in first implanted gallant ICD

Following the Food and Drug Administration (FDA) approval of Abbott’s next-generation Gallant implantable cardioverter-defibrillator (ICD) in July 2020, the first Gallant ICD was implanted at St. Elizabeth Edgewood in October, making it the first implantable cardiac device to communicate via Bluetooth with a smartphone app for the patient. In light of the COVID-19 pandemic, the […]
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Medical device markets face uncertainty over the future of Affordable Care Act amid the US election, says GlobalData

The future of the Affordable Care Act (ACA) depends on the outcome of the 2020 US election and each outcome will have a distinct impact on medical device markets, says GlobalData, a leading data and analytics company. The Democrat party has stated their support for the ACA and their plan to protect it, if elected during the 2020 US election. However, the party admits that the act is flawed and plans to improve the law. Joe Biden plans to eliminate the 400% income cap on tax credit eligibility and lower the limit on the cost of coverage […]
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US election causes turbulence in insulin pens market

The pricing of insulin became a top issue for the 2020 US election. Unlike other healthcare issues in debate, lowering insulin cost is a point of consensus among candidates. However, while this change will see prices drop for patients, the downward pricing pressure is likely to negatively affect the US insulin pens market, says GlobalData, […]
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