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Medical Devices

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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Johnson and Johnson’s Q3 results bode well for rapid medical device sales recovery in Q4 and into 2021

Following the recent release of Johnson and Johnson’s Q3 2020 financial results; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Johnson and Johnson’s better than-expected-performance across multiple segments is reflective of the quick recovery seen across medical device manufacturers. “While the company’s Q3 medical device sales were […]
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APAC neurovascular thrombectomy devices market to witness 6% growth through 2025, forecasts GlobalData

The neurovascular thrombectomy devices market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of about 6% between 2020 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Neurovascular Thrombectomy Devices (Neurology Devices) – Global Market Analysis and Forecast Model (COVID-19 market impact)‘, reveals […]
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Republican Party platform offers both advantages and drawbacks to medical device market,

The 2020 US presidential election has garnered heavy political pressure on the fast-tracked approval of a COVID-19 vaccine, where several attempts have been made to block the Food and Drug Administration (FDA) from releasing stricter guidelines that will push the approval past Election Day. While a speedier approval process can be beneficial to the development of innovative […]
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Indonesia should see COVID-19 pandemic as opportunity to strengthen medical devices sector, says GlobalData

Lack of adequate healthcare infrastructure and dependency on other countries for medical supplies made it difficult for Indonesia to tackle the COVID-19 pandemic effectively. The country should turn the crisis into an opportunity and create strategies to strengthen its medical device sector, according to GlobalData, a leading data and analytics company. Pratibha Thammanabhatla, Medical Devices […]
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Price cap extension on knee implants will drive growth in India

To provide relief to patients undergoing orthopedic surgery requiring knee implants, the National Pharmaceutical Pricing Authority (NPPA) extended the timeline of price cap on these devices by one more year. The move is likely to drive the sale of knee implants in India, says GlobalData, a leading data and analytics company. GlobalData’s report Knee Reconstruction (Orthopedic Devices) – Global […]
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Smith & Nephew strengthens presence in global orthopedic market with acquisition of Integra’s Extremity Orthopaedics business

Following the announcement that Smith & Nephew has acquired the Extremity Orthopaedics business of Integra LifeSciences for $240m; Kamilla Kan, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers her view on this deal: “According to GlobalData, over 71% of Integra LifeSciences’ net sales are across business segments from North America. By […]
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The growth of global insulin pen market decelerates to 2.3% in 2020 due to COVID-19

The insulin delivery market has been negatively affected by the major upheavals experienced in diabetic care due to COVID-19. The insulin pen market, which was seeing a compound annual growth rate (CAGR) of 5.1% prior to COVID-19, according to leading data and analytics company GlobalData, has now decreased to show 2.3% growth in 2020 due to new patient start delays from physician […]
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