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GlobalData
GlobalData

Medical Devices

Remote patient monitoring market set to surpass $645m by 2025 as COVID-19 pandemic drives growth

Remote patient monitoring (RPM) is set to benefit from the COVID-19 pandemic and the growing aging population around the world. The global market value for RPM is projected to grow by 18% in the next five years to surpass $645m by 2025, according to GlobalData, a leading data and analytics company. Kevin Dang, Medical Devices Analyst at GlobalData, comments: “With the global pandemic forcing many to remain at home, there is now an emphasis on patient-centered care that is becoming more dependent […]
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TAVR market projected to reach nearly $5bn in US alone by 2030 as treatable populations continue to be added

While transcatheter aortic valve replacement (TAVR) procedures are historically reserved for elderly population, these devices are increasingly being used in younger and younger patients as they provide reduced hospital stay and recovery time. Therefore, due to the growing treatable populations for these devices, leading data and analytics company GlobalData predicts that the TAVR market may […]
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Quidel’s COVID-19 antigen test likely to be of interest to low-income countries

Following Quidel’s third Food and Drug Administration’s (FDA) emergency use authorization (EUA) of a COVID-19 antigen test; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Quidel’s COVID-19 test could be of great interest to low-income countries that typically cannot afford population-wide testing due to the cost-effectiveness of […]
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Surge period expected for $590m ERCP & PTC devices market but this will not offset COVID-19 revenue loss

Currently expected to be valued at $590m by the end of 2020, the global endoscopic retrograde cholangiopancreatography (ERCP) and percutaneous transhepatic cholangiography (PTC) devices market is anticipated to grow at a compound annual growth rate (CAGR) of 3.5 despite the negative impact of COVID-19, as these devices are necessary to resolve obstructions of the pancreatic and […]
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APAC sterilization equipment market to grow at 2% CAGR through 2030, forecasts GlobalData

Preventing the spread of contaminants has become more challenging in COVID-19 era. Against this backdrop, the Asia-Pacific (APAC) sterilization equipment market is expected to grow at a compound annual growth rate (CAGR) of 2% through 2030, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Sterilization Equipment (General Surgery) – Global Market Analysis and […]
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Thyroid function tests market in India to reach US$125m in 2025, says GlobalData

Driven by the growing clinician preference for testing, increasing number of hypothyroidism and hyperthyroidism cases especially among pregnant women, neonates and geriatric population, and growing public awareness, thyroid function tests (TFTs) market in India is expected to reach US$125m in 2025, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Medical Intelligence […]
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Aesthetic injectables market in APAC to reach US$3.8bn in 2030, forecasts GlobalData

Driven by the growing number of aesthetic procedures, technological advancements, growing urban population, preference to non-surgical and minimally invasive procedures and better patient outcomes, the aesthetic injectables market in Asia-Pacific (APAC) is expected to reach US$3.8bn in 2030, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Injectables (General Surgery) – Global […]
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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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