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GlobalData
GlobalData

Medical Devices

Non-invasive prenatal testing is expected to total $472.2m by 2028, disrupting the prenatal screening market

The global market value for non-invasive prenatal testing (NIPT), estimated at USD$433.7m in 2019, is expected to increase at a Compound Annual Growth Rate (CAGR) of 0.95%, reaching USD$472.2 by 2028. This increase is driven through the procedures greater safety, sensitivity, and continued adoption within key markets, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Prenatal Screening – In Vitro Diagnostics Market Analysis and Forecast Model’, reveals that the vast majority of women preferred NIPT, compared to chorionic villus sampling […]
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With Roche Diagnostics coronavirus test approval India looks to delay progression to next stage, says GlobalData

Following the news that the the Drug Controller General of India (DCGI) has given license to Roche Diagnostics India to conduct coronavirus tests; Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “Coronavirus (Covid-19) outbreak has squeezed the imports and countries across the world are rushing to secure […]
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ACC’s virtual scientific session may limit impact of COVID-19 pandemic on cardiovascular research and market

Following the cancelation of the 2020 Scientific Session due to the coronavirus (COVID-19), the American College of Cardiology (ACC) has created a virtual three-day scientific session in order to minimize any impact to the advancement of cardiology research. However, this may limit the impact of the COVD-19 pandemic on cardiovascular research, says GlobalData, a leading […]
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Thermo Fisher to be key player in COVID-19 diagnostic tests following acquisition of Qiagen

Thermo Fisher Scientific is expected to produce millions of coronavirus (COVID-19) diagnostic tests following the acquisition of Qiagen for an approximate transaction value of US$11.5bn per share, says GlobalData, a leading data and analytics company. Qiagen, a provider of molecular diagnostics and sample preparation technologies, offers a long list of nucleic acid amplification tests (NAATs) […]
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Global capsule endoscopes market set to reach $401.4m by 2028

The global capsule endoscopes market is expected to reach $401.4m by 2028, growing at a compound annual growth rate (CAGR) of 4.2%, according to GlobalData, a leading data and analytics company. The company’s recent report, ‘Capsule Endoscopes – Medical Devices Pipeline Assessment, 2020’, reveals that the Asia Pacific region will be one of the fastest growing […]
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US percutaneous ventricular assist device market expected to grow at a CAGR of 11.6% by 2028, says GlobalData

There are more than 160,000 patients undergoing percutaneous coronary interventions to treat cardiogenic shock each year, yet only just fewer than 5,000 are currently treated with a percutaneous ventricular assist device (PVAD), according to GlobalData, a leading data and analytics company. Ashley Young, Medical Devices Analyst at GlobalData, comments: “PVADs are gaining increased attention due […]
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Phased manufacturing program will open opportunities for domestic and foreign medical device makers in India, says GlobalData

India’s plan to initiate a phased manufacturing program (PMP) to reduce import dependency will open opportunities to domestic and foreign medical device manufacturers in India, says GlobalData, a leading data and analytics company. The company’s report, ‘X-Ray Systems – Diagnostic Imaging Market Analysis and Forecast Model’ reveals that the Indian X-Ray systems market, which accounted […]
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Dental CAD/CAM materials market in India poised for 14.4% growth in next five years, says GlobalData

The dental computer-aided design/computer-aided manufacturing (CAD/CAM) materials market in India is expected to grow at a compound annual growth rate (CAGR) of 14.4% from US$157.7m in 2020 to reach US$309.5m in 2025, according to GlobalData, a leading data and analytics company. The company’s report, ‘India CAD/CAM Systems and Materials Market Outlook to 2025’, reveals that […]
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Positive airway pressure devices market to reach $3.5bn by 2028 driven by home non-invasive ventilation

Global market value for positive airway pressure (PAP) devices, currently estimated at $1.8bn, is expected to expand to $3.5bn by 2028, at a compound annual growth rate (CAGR) of 7.7%, according to GlobalData, a leading data and analytics company. The company’s report, ‘Positive Airway Pressure Devices – Anesthesia & Respiratory Devices Market Analysis and Forecast […]
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Level playing field is important for domestic medical device makers to compete with multinational companies in India, says GlobalData

A level playing field is important for domestic medical device manufacturers in India to compete with multinational companies, which have strong financial and technological capabilities, says GlobalData, a leading data and analytics company. In a bid to support domestic manufacturers and generate funds to create health infrastructure, India has recently proposed an additional 5% health […]
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Brexit deal with EU will impact development of medical devices in UK

In the event of a free trade agreement with the EU, the UK will continue to be bound by current EU laws, thereby adhering to the new Medical Device Regulation (MDR). This will significantly change the landscape of the medical device industry, says GlobalData, a leading data and analytics company. According to GlobalData estimates, there are over 20,000 medical devices currently in the pipeline globally, with almost half in the early stages of development. Approximately 15.2% of pipeline medical devices are in Europe and will be strongly impacted by changing EU MDR and in vitro diagnostic medical devices regulation (IVDR). Aliyah Farouk, Medical Devices Analyst at GlobalData, comments: “The EU’s MDR will negatively impact the number of pipeline […]
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Metagenomic next-generation sequencing: GlobalData highlights its power on identifying the new Coronavirus

Following the news that the World Health Organization (WHO) has declared the new coronavirus outbreak a public health emergency of international concern; Tina Deng, Senior Medical Devices Analyst at GlobalData, a leading data and analytics company, offers her view: “Through the use of metagenomic next-generation sequencing (mNGS), the sequence of the novel coronavirus has been […]
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Roche’s Accu-Chek SugarView app may disrupt India’s blood glucose monitoring market, says GlobalData

Roche has recently received CE approval for its Accu-Chek SugarView blood glucose monitoring app. The approval will allow Roche to market glucose monitoring products aggressively and will further strengthen its leadership position in India’s glucose monitoring market, says GlobalData, a leading data and analytics company. The company’s report, ‘Diabetes Care Devices – Insulin Pens – […]
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