Medical Devices

Medtronic’s gains in respiratory business not enough to prevent losses in revenues due to COVID-19

Following Medtronic Q4 financial results; Azadeh Laffafian, PhD, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Many segments of the medical devices market have been negatively impacted by the COVID-19 pandemic. The main culprit has been the deferral of elective and non-urgent procedures leading to a reduction in the […]

Medical Devices

Digital transformation helping Singapore to tackle COVID-19, says GlobalData

Despite facing several challenges such as increasing aging population, Singapore has so far done a commendable job in managing the COVID-19 outbreak. This has been made possible, in part, because of the development and deployment of transformational technologies in its healthcare system, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘CountryFocus: Healthcare, Regulatory […]

Medical Devices

Healthcare sector witnessed 6.8% decline in deal activity during week ended May 17

The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) declined by 6.8% during the week ended May 17, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The healthcare sector has been relatively resilient compared to other sectors. Prior to […]

Medical Devices

COVID-19 has impacted dental procedures in the US

Non-emergency dental procedures such as alveoloplasty, incision and excision of gums, and the removal or restoration of teeth are mostly elective and will substantially impacted by the COVID-19 crisis in the US, says GlobalData, a leading data and analytics company. Eric Chapman, Medical Analyst at GlobalData, comments: “Healthcare providers performing dental procedures are at high […]

Medical Devices

UK to successfully increase COVID-19 testing capacity with multi-pronged approach

The UK is currently building the biggest network of diagnostic labs in British history, and has already shown success in increasing COVID-19 testing capacity with the addition of three Lighthouse Labs capable of processing a high volume of COVID-19 tests. Randox Labs has been a pivotal player in processing a high volume of tests, and […]

Medical Devices

Thailand’s focus to promote use of technology in healthcare will have significant impact, says GlobalData

Thailand’s increasing focus on digitalization to integrate and promote the use of technology in the healthcare sector will have a significant and progressive impact, according to GlobalData, a leading data and analytics company. Under the Thailand 4.0 policy, the government launched various healthcare applications such as H4U (personal health profile app), Smart Health ID (patient […]

Medical Devices

Edwards Lifesciences Pascal device will be impacted by COVID-19 pandemic

Following the announcement by Edwards Lifesciences that its Pascal transcatheter valve repair system for treating tricuspid regurgitation (TR) received the European CE mark; Ashley Young, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “This regulatory milestone comes at a poor time for the industry as COVID-19 […]

Medical Devices

Medical Devices Bill to offer an improved regulatory framework for doing business in India, says GlobalData

India’s recent move to propose an improved regulatory framework under the new Medical Devices (Safety, Effectiveness, and Innovation) Bill will improve the ease of doing business by providing a sound environment for innovation and approval of medical devices in the country, says GlobalData, a leading data and analytics company. The Ministry of Health and Family […]

Medical Devices

Cepheid Xpert Xpress SARS-CoV-2 likely to continue to outperform Abbott ID NOW COVID-19 on US market

A study conducted by New York University (NYU) indicated that Abbott ID NOW COVID-19 tests are less effective than the Cepheid Xpert Xpress SARS-CoV-2 devices. The authors of this study found that the Abbot ID NOW COVID-19 device missed between 33.3 and 48.4% of positive samples detected by the Cepheid Xpert. According to news reports, […]

Medical Devices

US should equip citizens with PPE to lessen COVID-19 second wave if economy re-opens

Following the news that the US Senate is considering the ‘Opening Up America Again’ act; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the country reopening plan: “Many countries have started to feel the pinch to their stalled economies and some have started to open their economies […]

Medical Devices

Aortic stent graft market likely to be negatively impacted by COVID-19 pandemic

Pre-COVID-19, the global aortic stent graft market was expected to grow at a compound annual growth rate (CAGR) of 4.5% over the next eight years. However, the COVID-19 pandemic is likely to have had a negative impact due to deferral of non-urgent procedures and a reduction in diagnosis, according to GlobalData, a leading data and […]

Medical Devices

Over-the-counter purchasing of pulse oximeters expected to increase due to COVID-19, says GlobalData

The global pulse oximetry systems market was set to reach US$1.6bn by 2028 growing at a compound annual growth rate (CAGR) of 3.4% prior to the COVID-19 pandemic. With low blood oxygenation being one of the main symptoms that characterizes COVID-19, there has been a surge in over-the-counter purchasing of pulse oximeters, says GlobalData, a […]

Medical Devices

Spartan’s COVID-19 test recall illustrates challenges of rapid medical device approval

Following the announcement that Spartan Bioscience has recalled its rapid COVID-19 test due to concerns by Health Canada; Azadeh Laffafian PhD, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Recall of Spartan’s COVID-19 test is not surprising as extraordinary circumstances have accelerated the approval of medical devices. While fast […]

Medical Devices

Despite being an active leader in COVID-19 testing, LabCorp’s Job postings have decreased

According to GlobalData Jobs Analytics Tool, the number of LabCorp active job postings decreased by 28.9% between February and March 2020. Additionally, LabCorp recently revealed that it will lay off temporary staff and defer hiring. Azadeh Laffafian, PhD, medical devices analyst at GlobalData, comments: “While the US healthcare diagnostics company’s regular business has been impacted negatively by […]

Medical Devices

Elective procedure postponements will provide needed revenue for hospitals

Throughout March and April, hospitals across the US have been guided by the American College of Surgeons (ASC) and the Centers for Medicare & Medicaid Services (CMS) to postpone elective procedures. These recommendations have been put in place to prevent exposure of medical staff and patients to COVID-19 and to allow the use of resources […]

Medical Devices

Renal dialysis equipment market in India to reach US$225m in 2025, says GlobalData

The renal dialysis equipment market in India is expected to reach US$225m in 2025. Dialysis accessories (such as blood tubing sets and dialyzers) and dialysis machines (hemodialysis machines and peritoneal dialysis equipment) account for more than 85% of the Indian renal dialysis equipment market, says GlobalData, a leading data and analytics company. The company’s report, […]

Medical Devices

Renal dialysis equipment market will be fuelled by COVID-19 related equipment shortages

Following reports that some COVID-19 patients are experiencing kidney failure, concerns are growing over the short supply of dialysis machines. While the number of these patients is currently small, GlobalData, a leading data and analytics company, expects the production of more dialysis machines will be required to meet the imminent demand. Prior to the pandemic, […]

Medical Devices

Utah leads US in reopening dental clinics, could make or break the dental device industry for 2020

While dental device manufacturers focus on navigating the drastic reduction in sales due to COVID-19, dentists in areas of the US have reopened their clinics in eager response to a flattening curve. In Utah, dental opened clinics on April 23, 2020. Sarah Janer, Medical Device Analyst at GlobalData, comments: “Despite the tenuous infection rate forecasts, […]

Medical Devices

Stryker’s US orthopedics and spines sales take big hit but will see a turnaround as pandemic recedes

Following the announcement that Stryker’s US orthopedics and spine sales were down approximately 65% in April 2020; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “With all elective procedures practically halted in the US, it is no surprise that Stryker’s orthopedics and spine sales were drastically affected […]

Medical Devices

Dexcom expected to hold position as CGM market leader after exceeding expectations with Q1 results

Following the announcement that Dexcom’s Q1 2020 revenue increased by 44% year-over-year; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “GlobalData expects Dexcom to retain its position as the market leader for continuous glucose monitoring (CGM) systems following its strong Q1 results. Dexcom’s surge in revenue was […]

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Medical Devices

Medtronic’s gains in respiratory business not enough to prevent losses in revenues due to COVID-19

Digital transformation helping Singapore to tackle COVID-19, says GlobalData

Healthcare sector witnessed 6.8% decline in deal activity during week ended May 17

COVID-19 has impacted dental procedures in the US

UK to successfully increase COVID-19 testing capacity with multi-pronged approach

Thailand’s focus to promote use of technology in healthcare will have significant impact, says GlobalData

Edwards Lifesciences Pascal device will be impacted by COVID-19 pandemic

Medical Devices Bill to offer an improved regulatory framework for doing business in India, says GlobalData

Cepheid Xpert Xpress SARS-CoV-2 likely to continue to outperform Abbott ID NOW COVID-19 on US market

US should equip citizens with PPE to lessen COVID-19 second wave if economy re-opens

Aortic stent graft market likely to be negatively impacted by COVID-19 pandemic

Over-the-counter purchasing of pulse oximeters expected to increase due to COVID-19, says GlobalData

Spartan’s COVID-19 test recall illustrates challenges of rapid medical device approval

Despite being an active leader in COVID-19 testing, LabCorp’s Job postings have decreased

Elective procedure postponements will provide needed revenue for hospitals

Renal dialysis equipment market in India to reach US$225m in 2025, says GlobalData

Renal dialysis equipment market will be fuelled by COVID-19 related equipment shortages

Utah leads US in reopening dental clinics, could make or break the dental device industry for 2020

Stryker’s US orthopedics and spines sales take big hit but will see a turnaround as pandemic recedes

Dexcom expected to hold position as CGM market leader after exceeding expectations with Q1 results

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