Medical Devices

Uncertain efficacy for contact tracing apps as NHS releases theirs, says GlobalData

After months of setbacks, the NHS COVID-19 contact tracing app was recently released to the public in England and Wales. However, these types of app need to overcome significant hurdles to demonstrate their effectiveness. For example, current iterations cannot account for factors that reduce transmission risk such as wearing masks. False positives are also possible, […]

Medical Devices

COVID-19 pandemic impacting robotic surgical systems market with 7.7% lost revenue expected in 2020

Nearly 8% of revenue from robotic surgical systems will be lost in 2020 due to COVID-19, according to GlobalData, a leading data and analytics company, as many elective robotic surgical procedures have been postponed. Given that Intuitive Surgical is the market leader for robotic surgical systems sales, most revenue lost during the COVID-19 pandemic will be experienced by this company. For […]

Medical Devices

TachoSil acquisition gives Corza Health significant foothold in tissue sealants market, says GlobalData

Takeda Pharmaceutical has recently agreed to sell TachoSil Fibrin Sealant Patch to California-based Corza Health for EUR350m (US$413m). The acquisition will provide Corza Health a significant foothold in the growing tissue sealants market, says GlobalData, a leading data and analytics company. TachoSil divestiture is in line with Takeda’s goal of exiting non-core businesses, lowering debt […]

Medical Devices

Abbott’s POC COVID-19 FDA revisions will better capture positive cases

Following the Food and Drug Administration (FDA) revision of emergency use authorization (EUA) for Abbott point-of-care (POC) SARS-CoV-2 test, the Abbott ID NOW COVID-19 test; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Abbott is the second market leader in POC testing for COVID-19 polymerase chain reaction […]

Medical Devices

Hospitals must look to alternative methods to cope with N95 mask shortages due to COVID-19

Shortages of personal protective equipment (PPE) amid the COVID-19 pandemic has forced medical professionals to reuse N95 masks. According to GlobalData, the COVID-19 outbreak led to significant demand for N95 respirators and the market size was projected to grow from $7.2m from Q4 2019 to $97m in Q1 2020. This demand is expected to continue […]

Medical Devices

Continued surges of COVID-19 may slow recovery progress for medical device manufacturers

At the recent Morgan Stanley Annual Global Health Conference, major players presented on their financial situation amid the COVID-19 pandemic. The recovery for major medical device market players is occurring faster than many had expected and mirrors the trend GlobalData has observed in its proprietary US hospital purchasing database. Stryker shared that it experienced a […]

Medical Devices

World Heart Day 2020 to raise awareness surrounding heart health

Described as the WHF’s biggest awareness-raising platform, the World Heart Day campaign aims to inform people around the world about the leading cause of death worldwide – cardiovascular disease (CVD). Ashley Young, Medical Devices Analyst at GlobalData, comments: “One of the main aims of World Health Day is to raise awareness of the risk factors […]

Medical Devices

Stroke market to experience limited impact despite second wave, says GlobalData

The stroke market is one of the only sectors within the medical device industry that has been showing some stability over the COVID-19 period, and will likely experience a slight uptick in the near future, according to GlobalData, a leading data and analytics company. Sheryl Tang, Principal Medical Devices Analyst at GlobalData, comments: “Several leading […]

Medical Devices

Antigen testing crucial in fight against COVID-19 in India, says GlobalData

Arresting the rapid surge in COVID-19 cases in India is crucial and one of the important tools to fight the pandemic is increasing the testing significantly among the general population. Antigen testing could effectively serve the purpose and rule out the asymptomatic and symptomatic carriers of COVID-19 in a cost-effective way with less turnaround time, […]

Medical Devices

Global orthopedics market to contract by over 20% in 2020 due to COVID-19, says GlobalData

Following reports that elective surgeries being deferred or cancelled during the COVID-19 pandemic, the orthopedic devices market has been highly affected. Against this backdrop, the global orthopedic procedures are set to decrease by over 20% over the course of this whole year, according to GlobalData, a leading data and analytics company. Tina Deng, MSc, Principal […]

Medical Devices

Ten million daily COVID-19 tests in the UK can be achieved using saliva tests, says GlobalData

Following the UK announcement to spend £100bn on expanding COVID-19 testing to ten million a day; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Using a saliva test to diagnose COVID-19 is one of the ways the UK might achieve its target ten million daily testing capacity. […]

Medical Devices

As schools open, US ramps up COVID-19 testing, says GlobalData

Following the National Institute of Health’s (NIH) awarding of over $100m to increase COVID-19 testing; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening schools in the US: “As the US passes six million COVID-19 cases, while its citizens move relatively freely, it […]

Medical Devices

Abbott races ahead to be first manufacturer in peripheral BTK stent market, says GlobalData

Following the news that Abbott began its LIFE-BTK clinical trial to assess the safety and effectiveness of its new Esprit BTK Everolimus Eluting Stent; Sheryl Tang, Medical Devices Analyst at GlobalData, a leading data and analytics company, comments: “The Esprit BTK stent addresses many of the drawbacks of the current treatment devices on the market. […]

Medical Devices

Taiwan used crowdsourced data and technology to control COVID-19, says GlobalData

Taiwan’s success in keeping the COVID-19 numbers low compared to other countries has been possible, in part, with the use of technology and crowdsourced data, according to GlobalData, a leading data and analytics company. Taiwan created a pool of big data sets and generated real-time alerts for healthcare providers by tracking the 14-day travel histories […]

Medical Devices

Increasing use in home care settings to drive pulse oximeters growth in India, says GlobalData

The necessity to monitor the blood oxygen levels of asymptomatic and mildly symptomatic COVID-19 patients undergoing home isolation and proactive use by the common public in home care-settings are driving the demand for pulse oximeters in India, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Pulse Oximeter Systems (Anesthesia and Respiratory Devices) – […]

Medical Devices

As schools open, COVID may spread amongst children, says GlobalData

Following the news that some schools are beginning to reopen their in-person classes in the US; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening America’s schools: “Millions of schoolchildren around the US may soon be exposed to COVID-19 as schools open up. […]

Medical Devices

Medtronic’s performance indicates strong growth of CGM market, says GlobalData

Following the announcement that Medtronic’s last quarter continuous glucose monitors (CGM) business kept growing positively while its overall diabetes segments saw a decline of 5.1%; Tina Deng, MSc, Senior Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The results from Medtronic are not surprising as major CGM players enjoyed […]

Medical Devices

Convalescent plasma EUA an important step towards COVID-19 treatment, says GlobalData

Following news that the United States Health and Human Services (HHS) received emergency use authorisation (EUA) from the Food and Drug Administration (FDA) for treating COVID-19 patients using convalescent plasma; Brian Hicks, Medical Analyst at GlobalData, a leading data and analytics company, offers his view: “This authorization comes at a time when currently existing COVID-19 […]

Medical Devices

RapidAI software could accelerate growth of thrombectomy procedures following FDA approval, says GlobalData

RapidAI recently received FDA clearance for its large vessel occlusion (LVO) detection software, which is claimed to identify suspected LVOs in as few as three minutes. Data and analytics company GlobalData expects that this software has the potential to rapidly increase the patient pool of LVO patients to above 15%, in turn increasing market opportunity […]

Medical Devices

Abbott’s FDA approval for ICD and CRT-D places company in advantageous position over competitors

Abbott won FDA approval in July for its next-generation Gallant implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices, which was equipped with Bluetooth technology and an accompanying smartphone app. This approval places Abbott in an advantageous position over other devices and may allow the company to recover faster from the impact of the […]

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Medical Devices

Uncertain efficacy for contact tracing apps as NHS releases theirs, says GlobalData

COVID-19 pandemic impacting robotic surgical systems market with 7.7% lost revenue expected in 2020

TachoSil acquisition gives Corza Health significant foothold in tissue sealants market, says GlobalData

Abbott’s POC COVID-19 FDA revisions will better capture positive cases

Hospitals must look to alternative methods to cope with N95 mask shortages due to COVID-19

Continued surges of COVID-19 may slow recovery progress for medical device manufacturers

World Heart Day 2020 to raise awareness surrounding heart health

Stroke market to experience limited impact despite second wave, says GlobalData

Antigen testing crucial in fight against COVID-19 in India, says GlobalData

Global orthopedics market to contract by over 20% in 2020 due to COVID-19, says GlobalData

Ten million daily COVID-19 tests in the UK can be achieved using saliva tests, says GlobalData

As schools open, US ramps up COVID-19 testing, says GlobalData

Abbott races ahead to be first manufacturer in peripheral BTK stent market, says GlobalData

Taiwan used crowdsourced data and technology to control COVID-19, says GlobalData

Increasing use in home care settings to drive pulse oximeters growth in India, says GlobalData

As schools open, COVID may spread amongst children, says GlobalData

Medtronic’s performance indicates strong growth of CGM market, says GlobalData

Convalescent plasma EUA an important step towards COVID-19 treatment, says GlobalData

RapidAI software could accelerate growth of thrombectomy procedures following FDA approval, says GlobalData

Abbott’s FDA approval for ICD and CRT-D places company in advantageous position over competitors

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