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GlobalData
GlobalData

Medical Devices

China’s ventilators market to grow at CAGR of 7.1% between 2019 and 2030, forecasts GlobalData

The ventilators market in China is expected to grow at a compound annual growth rate (CAGR) of 7.1% between 2019 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Ventilators (Anesthesia and Respiratory Devices) – Global Market Analysis and Forecast Model (COVID-19 market impact)’, reveals that in 2019 China holds […]
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Expanding allowed procedures for ASCs will lead to strongly performing healthcare environment in pandemic-stricken world, says GlobalData

Following several proposed changes to the CMS’ reimbursement schemes, healthcare in America may be becoming more decentralized in the future. James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening the US economy: “Slow consolidation of the US healthcare infrastructure has resulted in the […]
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Siemens Healthineers-Varian deal will create a world leader in oncology solutions, says GlobalData

Following the recent announcement that Siemens Healthineers will acquire Varian Medical Systems; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the deal: “This US$16.4bn deal is the largest transaction by Siemens Healthineers since it was spun-off and formed as a separate business entity by Siemens in 2018. […]
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Spinal fusion market gradually recovers from COVID-19 pandemic

The spinal fusion market has been severely affected by the COVID-19 pandemic. Leading data and analytics company GlobalData forecast the spinal fusion market will decline from $7bn to $5.9bn, with a decrease of 16.2% in 2020. However, the market is starting to recover as elective surgeries gradually resume globally. Tina Deng, MSc, Senior Medical Devices […]
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Quidel’s revenues will continue to climb in 2020

Following the release of Quidel’s Q2 2020 results; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Quidel has risen dramatically this year due to its flexible, diverse and speedy COVID-19 offerings. With the pandemic still present, especially in the US and South America, and the threat of […]
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Transcatheter heart valve replacement market expected to execute a miraculous recovery, says GlobalData

Following Edwards Lifesciences’ announcement of an expected 5% growth for its transcatheter aortic valve replacement (TAVR) business, GlobalData observes hopeful signs of resiliency in the TAVR market. James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening America’s economy: “COVID has tanked the global […]
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Asymptomatic testing will be key in next phase of pandemic

Following the news LabCorp’s COVID-19 test received the first food and drug administration (FDA) emergency use authorization (EUA) for use in screening asymptomatic subjects; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Asymptomatic testing will be key in the next phase of the pandemic as concerns about […]
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Abbott Laboratories feels optimistic about recovery in cardiovascular device market amid major losses halfway through 2020, says GlobalData

Following the news that procedure volumes with Abbott Laboratories’ cardiovascular devices have recovered to approximately 90% of pre-COVID-19 volumes; Richard Hyde, Medical Analyst at GlobalData, a leading data and analytics company, offers his view on the subject: “Abbott Laboratories is one of the highest performing medical device companies in the COVID-19 era and ranks second […]
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Sample pooling to accelerate COVID-19 testing, says GlobalData

Following the news that Quest Diagnostics received emergency use authorization (EUA) from the Food and Drug Administration (FDA) for its sample pooling-based COVID-19 test; Brian Hicks, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “At a time when more COVID-19 tests are being conducted, yet negative results are generally […]
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US hospitals alone purchase $94m PPE in H1 2020 – GlobalData considers latest N95 mask prototype developed by Boston researchers

In the first half of 2020, hospitals in US alone have purchased $94m of PPE, according to GlobalData, a leading data and analytics company. Additionally, numerous countries around the world have passed laws making face masks mandatory in public places, increasing the demand even further. GlobalData expects the US PPE market to grow at an […]
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With world’s most affordable COVID-19 test kit launch, India to focus on medical devices exports, says GlobalData

Following the news that the Indian Institute of Technology (IIT) Delhi has launched a low-cost COVID-19 diagnostic kit under the name Corosure; Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “The demand for COVID-19 care medical devices has increased significantly with the number of new cases growing […]
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Hematology testing can be potential diagnostic biomarker in predicting severity of COVID-19 in India, says GlobalData

With the rapid increase in the number of COVID-19 cases across India, identifying the critically ill COVID-19 patients in the early stage of infection can help in assessing the risk stratification and clinical management. Critically ill patients will show a progressive decrease in peripheral blood lymphocytes and this could be a predictive marker in identifying […]
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