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GlobalData
GlobalData

Medical Devices

Ultrasound systems market to outpace other imaging modalities for COVID-19 diagnostics, says GlobalData

Although it is likely that existing ultrasound systems will be repurposed to treat COVID-19 patients, growth is still expected as companies plan to ramp up production. The ultrasound systems market will therefore outpace other diagnostic imaging such as computed tomography (CT) and magnetic resonance imaging (MRI). Leading data and analytics company GlobalData forecasts the market […]
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COVID-19 not impacting cardiovascular procedures as heavily as it is other therapy areas, says GlobalData

The COVID-19 crisis is not impacting cardiovascular procedures as heavily as it is other therapy areas, since the majority of these procedures are essential, according to GlobalData, a leading data and analytics company. GlobalData estimates that 96.7% of cardiovascular procedures performed in the US are essential procedures. Eric Chapman, Medical Devices Analyst at GlobalData, says: […]
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India should encourage automation and robotics to overcome workforce shortage in medical devices manufacturing industry, says GlobalData

COVID-19 crisis can be an opportunity for the Indian medical devices manufacturing industry. However, it has resulted in the shortage of workforce and subsequently impacted the demand and supply of medical devices in India. Against this back drop, the government should encourage/incentivize India’s medical device manufacturers to integrate more automation and robotics into their manufacturing […]
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Nearly all aesthetic procedures in US are estimated to be delayed due to COVID-19, says GlobalData

Between 70–100% of all the aesthetic procedures performed in the US are estimated to be delayed, postponed or canceled due to COVID-19, as they are considered to be elective and non-essential, according to GlobalData, a leading data and analytics company. Eric Chapman, Medical Devices Analyst at GlobalData, says: “GlobalData estimates that nearly all aesthetic procedures […]
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Impact of COVID-19 on diagnostic imaging procedures in US will not be as severe compared to other therapy areas, says GlobalData

The impact of COVID-19 on diagnostic imaging (DI) procedures will not be as severe compared to other therapy areas, such as aesthetics and dental, since only 38.7% of these procedures are elective and expected to drop due to the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. Eric Chapman, Medical Devices Analyst […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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