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 […]

Medical Devices

Samsung Health Monitor app may disrupt South Korea’s blood pressure monitors market, says GlobalData

Samsung Electronics has recently received Software as a Medical Device (SaMD) approval for its over-the-counter and cuffless blood pressure monitoring application ‘Samsung Health Monitor app’ from South Korea’s Ministry of Food and Drug Safety (MFDS). The app will allow users to check blood pressure using a smartwatch and has the potential to disrupt the country’s […]

Medical Devices

IVDR delay unlikely as quality of new diagnostic devices become compromised

Following an announcement by MedTech Europe, requesting the European Commission to delay the implementation of the new In Vitro Diagnostics Regulations (IVDR) by a year; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “As the delay of the Medical Device Regulations (MDR) has taken full effect, attention […]

Medical Devices

Abiomed adds ECMO to its product portfolio, potentially treating COVID-19 patients

Following the announcement that Abiomed has acquired Breethe, maker of an ECMO system; Azadeh Laffafian PhD, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “As the number of COVID-19 cases surge, so does the demand for extracorporeal membrane oxygenation (ECMO) therapy. Through the acquisition of Breethe and its ECMO […]

Medical Devices

India needs to address challenges faced by private laboratories amid high COVID-19 costs, says GlobalData

With government hospitals handling more COVID-19 testing across the country, private laboratories are facing hurdles such as high operating costs and low testing volumes in India. Against this backdrop, the government should come to the rescue of the private laboratories, which are finding it difficult to scale up testing, says GlobalData, a leading data and […]

Medical Devices

UK cancelling ventilator projects signifies decreasing demand due to COVID-19

Following the news (Wednesday 29 April) about the outcomes of the UK’s initiative on making ventilators; Tina Deng, Senior Medical Devices at GlobalData, a leading data and analytics company, offers her view on “The news that at least five of the ventilator projects, including Dyson, have been cancelled in the UK comes as no surprise […]

Medical Devices

3M exceeds expectations despite mixed impact of COVID-19, says GlobalData

Following 3M’s Q1 earnings announcement; Azadeh Laffafian, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “3M is the largest player in the US N95 respirator market, accounting for over 60% of the sales. The company has doubled the production of its respirators to 100 million per month, to help protect […]

Medical Devices

The 3D Printing industry has answered the call to arms in the fight against COVID-19, says GlobalData

The rapid proliferation of COVID-19 has been putting great strain on healthcare systems across the world, with demand for critical medical equipment and supplies mounting. The additive manufacturing (AM) and 3D printing community has responded to the COVID-19 crisis, pledging to support the production of vital medical equipment for hospitals tackling the pandemic, says GlobalData, […]

Medical Devices

Sales from COVID-19 tests will fuel growth of Roche’s diagnostics sector

Following Roche’s announcement that its diagnostics sector increased in sales by 5% during Q1 2020; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The growth of Roche’s diagnostics business in Q1 was mainly driven by the molecular diagnostics segment reflecting the company’s increased production capacity of its […]

Medical Devices

Personal protective equipment shortage to drive adoption of robots to treat Covid-19 patients in India, says GlobalData

Healthcare professionals are one of the most vulnerable groups exposed to infections. Rising number of coronavirus (Covid-19) cases and severe shortage of personal protective equipment (PPE) products across India are putting them at more risk. Against this backdrop, the adoption of robots to manage and treat Covid-19 patients is eventually expected to grow in the […]

Medical Devices

Price increases for N95 respirators in February 2020 exhibited substantial differences between manufacturers

The COVID-19 pandemic has resulted in an unprecedented shortage of personal protective equipment (PPE) such as N95 respirators in the US. Leading data and analytics company GlobalData estimates that sales of N95 respirators in US healthcare facilities more than doubled between December 2019 and January 2020 to surpass 50 million. Growth of this market then […]

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Medical Devices

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

Samsung Health Monitor app may disrupt South Korea’s blood pressure monitors market, says GlobalData

IVDR delay unlikely as quality of new diagnostic devices become compromised

Abiomed adds ECMO to its product portfolio, potentially treating COVID-19 patients

India needs to address challenges faced by private laboratories amid high COVID-19 costs, says GlobalData

UK cancelling ventilator projects signifies decreasing demand due to COVID-19

3M exceeds expectations despite mixed impact of COVID-19, says GlobalData

The 3D Printing industry has answered the call to arms in the fight against COVID-19, says GlobalData

Sales from COVID-19 tests will fuel growth of Roche’s diagnostics sector

Personal protective equipment shortage to drive adoption of robots to treat Covid-19 patients in India, says GlobalData

Price increases for N95 respirators in February 2020 exhibited substantial differences between manufacturers

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