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Medical Devices

Remote patient monitoring is vital in decreasing COVID-19 hospital demand

Following the announcement that researchers at Massachusetts Institute of Technology (MIT) produced a wireless device that allows healthcare professionals to monitor patients remotely; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “MIT’s device’s artificial intelligence (AI) capabilities enables high-risk patients to be assessed without the need to […]
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Quest Diagnostics expected to experience decrease in revenue despite being commercial leader in COVID-19 testing

Following the announcement of Quest, leader in commercial COVID-19 testing in the US, making pay cuts and laying off workers; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Although Quest has performed nearly 800,000 COVID-19 tests, approximately 40% of all COVID-19 testing performed by commercial labs, 40% […]
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3M and Cummins just one of the cross-industry partnerships needed to address equipment shortages

Following the announcement of technology giant 3M Co and engine manufacturer Cummins to join forces in the fight against COVID-19; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “3M Co has ramped up its production of N95 respirators, doubling its normal output. The company is currently manufacturing 100 million N95 respirators per month worldwide, with 35 million of these being produced in the US. Partnering with Cummins is expected to enable a further increase in respirator […]
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Exports of N95 and KN95 from China to ease burden on US manufacturers

Due to the huge shortage of PPE among first responders, healthcare workers and medical staff in the US, it is unlikely that import of KN95 will negatively impact sales of US-made N95 respirators, says GlobalData, a leading data and analytics company. Alison Casey, Medical Devices Analyst at GlobalData, comments: “There is currently an unprecedented shortage of personal protective equipment (PPE) such as N95 respirators in the US and companies such as 3M Co, Honeywell International, Owens & Minor and Prestige […]
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BillionToOne’s Sanger sequencing test is great tool in US’ arsenal against COVID-19 but may not scale well

Following the announcement of a COVID-19 test using Sanger sequencing developed by BillionToOne, a precision diagnostics company; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “BillionToOne’s protocol for a new kind of COVID-19 test takes advantage of a whole different set of instruments, Sanger Sequencers, and chemicals from any existing COVID-19 test currently on the market. The US is in desperate need to increase their testing capacity to effectively […]
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Pharmacists authorized to administer coronavirus tests is not the relief the testing chain needs, says GlobalData

Following the authorization of licensed pharmacists by the US Department of Health and Human Services (HHS) to order and administer coronavirus tests; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “COVID-19 testing is paramount to curbing spread of the disease, yet the US has faced several testing […]
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Keystone Heart may experience rocky start despite receiving CE mark amid COVID-19 pandemic, says GlobalData

Amid the ongoing COVID-19 pandemic, Keystone Heart secured CE approval for its cerebral embolic protection device, the TriGUARD3. However, GlobalData expects that the company will experience a rocky start as a result of the pandemic. In March 2020, Keystone Heart announced that its TriGUARD3 device received CE approval. The cerebral embolic protection device is designed […]
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Medical device companies to strengthen serology testing portfolios to help combat the spread of COVID-19

Following the launch of Bio-Rad Laboratories’ serology assay to detect COVID-19 antibodies; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “As Bio-Rad Laboratories launches an immunoassay, serology testing will become crucial in screening large populations and combating the spread of COVID-19. Immunoassays detect the presence of antibodies […]
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FDA’s new EUA guidance will make it easier for more coronavirus tests to enter market, says GlobalData

Following the US Food and Drug Administration’s (FDA’s) release for new emergency use authorization (EUA) guidance for laboratory developed coronavirus tests; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The gold standard for diagnosing COVID-19 is a common lab test using the polymerase chain reaction (PCR). While […]
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Cambridge Respiratory Innovations to become vital player in capnography market, says GlobalData

Following news that Cambridge Respiratory Innovations has teamed with several NHS trusts to supply N-Tidal (capnography) devices in order to help doctors identify when to ventilate COVID-19 patients; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The accelerated production of N-Tidal devices by Cambridge Respiratory Innovations to […]
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MicroGenDx provides faster turnaround times using first-ever coronavirus saliva test, says GlobalData

Following the announcement that the MicroGenDx has reported fast turnaround times for COVID-19 testing using saliva tests; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “MicroGenDx is the only commercial testing lab using saliva and sputum samples, which perform much better than samples collected by nasopharyngeal swabs. […]
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Non-medical companies respond to mask and ventilator manufacturing appeals amidst shortage, says GlobalData

The overwhelming demand for masks and ventilators is forcing governments across the globe to look for alternate manufacturers, says GlobalData, a leading data and analytics company. As tracked by GlobalData’s news database, companies across alternate industries and geographies have started mask and ventilator production. Several automotive manufacturers have ramped up the production of masks and […]
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Australia’s commitment to invest in vibrant clinical trial ecosystem will benefit medical device industry, says GlobalData

Australia is dedicating more government funding towards the establishment of a vibrant clinical trial ecosystem in order to accelerate the design, development, verification and product launch processes of medical devices, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Medical Intelligence Center reveals that the Australia’s clinical trials sector is large and […]
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880,000 global ventilator shortage can only be met by new simple design requiring minimal operator training time, says GlobalData

Ventilator shortages are a critical reality as the COVID-19 outbreak continues to worsen globally. According to GlobalData analysis, around 880,000 more ventilators are in demand globally because of the pandemic. All ventilator manufacturers have full order books and hold little in stock, receiving orders not only from regular customers like hospitals, but also directly from […]
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AgVa Healthcare best placed to capitalize on growing demand for ventilators in India, says GlobalData

As the number of coronavirus (Covid-19) cases continue to increase in India, AgVa Healthcare with its cost-effective portable ventilator is best placed to capitalize on the growing demand for ventilators across the country, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Respiratory Devices Market Outlook to 2025’, reveals that  the ventilator market […]
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Large number of TAVR procedures need to be delayed due to CAIC’s new guidelines for TAVR practice, says GlobalData

Following thenews that the Canadian Association of Interventional Cardiology (CAIC) released new guidelines for cardiology procedures; Ashley Young, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view on the current situation: “The new guidelines for cardiology procedures come as no surprise, as more and more cardiology associations around the world […]
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