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GlobalData
GlobalData

Medical Devices

Telemedicine industry set to reach $20bn by 2024

Following the recent proposition from the Centers for Medicare & Medicaid Services (CMS) to loosen restrictions on home health providers’ use of telehealth permanently after the COVID-19 pandemic; Kamilla Kan, Medical Analyst at GlobalData, a leading data and analytics company, offers her view on the recent news: “The telemedicine industry has been rapidly expanding during […]
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Developing disposable components for flexible video colonoscopes important in light of COVID-19 pandemic, says GlobalData

Flexible video colonoscopes have replaced non-video colonoscopes to a large extent in India. Currently, manufacturers are focused on developing disposable components for flexible video colonoscopes to prevent cross-contamination. This is important in light of the current COVID-19 pandemic where infection control is paramount, says GlobalData, a leading data and analytics company. According to GlobalData’s Medical […]
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China to lead APAC perfusion disposables market between 2019 and 2030, says GlobalData

The perfusion disposables market in China is expected to grow at a compound annual growth rate (CAGR) of 1.7% and lead the Asia-Pacific (APAC) market during 2019-2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Perfusion Disposables – Cardiovascular Market Analysis and Forecast Model’, reveals that China was the biggest market […]
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Social media and interactive smartphone-based applications transforming aesthetics market in China, says GlobalData

While the increasing desire to enhance physical appearance and the changing attitudes towards self-image are the main market drivers of China’s aesthetic devices market, technological advances through social media and smartphone-based applications are increasingly playing a predominant role, according to GlobalData, a leading data and analytics company. GlobalData’s research reveals that the China’s aesthetic devices […]
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Influx of electronic component makers into medical devices market will reduce India’s import dependency on China, says GlobalData

COVID-19 outbreak presents an opportunity to electronic component manufacturers in India to foray into medical devices market and reduce the country’s import dependency on China, says GlobalData, a leading data and analytics company. Recently, the Kerala State Electronics Development Corporation (Keltron), a state government-owned company which manufactures electronic equipment, announced foray into medical devices sector […]
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LabCorp’s new antibody test promises COVID-19 discoveries while showing much still to be learned

Following the recent news that LabCorp has launched its neutralizing antibody test for the SARS-CoV-2 virus; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “LabCorp’s neutralizing antibody assay, which unlike most currently available antibody tests assesses antibody efficacy, represents an important step forward in the fight against […]
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Abbott’s revenue growth to continue during COVID-19 thanks to diabetes care device, says GlobalData

Following the news that Abbott’s Q1 worldwide sales increased 2.5% despite the negative business impact of COVID-19; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Abbott’s diverse product portfolio provides some resilience during the COVID-19 pandemic compared with other companies. Even though Abbott’s Core Laboratory Diagnostics showed […]
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Bridge to heart transplant falls short for patients on ECMO highlighting areas of improvement

Following recent guidance from healthcare regulating agencies to increase available extracorporeal membrane oxygenation (ECMO) devices in hospitals for use as an alternative to ventilators, the newest publishing in JACC showing that ventricular assist devices (VAD) devices outperform ECMO units in bridge to heart transplants reminds manufacturers and doctors about the risk factors associated with ECMO, […]
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COVID-19 Immunity Passports are a misnomer, says GlobalData

Following the announcement of Yourgene Health teaming up with international payments company Caxton and immunity passport app Prova; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The term ‘immunity passport’ is completely misleading. The correlation between a positive result for a COVID-19 test and protective immunity to […]
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Accelerated testing for COVID-19 slowly becoming a reality with NGS technology, says GlobalData

Illumina receiving emergency use authorisation (EUA) from the Food and Drug Administration (FDA) for diagnosing COVID-19 using its next generation sequencing (NGS) technology could not have come at a more critical period during this pandemic. This breakthrough will most likely provide much needed relief in the global backlog of COVID-19 diagnostic tests, according to GlobalData, […]
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Hospital supplies market in India to witness significant growth over next few quarters, says GlobalData

Easing of lockdown measures, re-opening of outpatient services and gradual increase in the number of surgical procedures performed along with treatment of COVID-19 patients in private healthcare facilities are expected to drive the demand for hospital supplies in the coming quarters in India, says GlobalData, a leading data and analytics company. According to GlobalData’s Medical […]
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