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GlobalData
GlobalData

Medical Devices

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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Foreign firms need to adopt localization strategy to compete in China’s lucrative medical device market, says GlobalData

The medical devices market in China is expected to grow at a compound annual growth rate of 8.4% from US$46.5bn in 2019 to US$75.5bn by 2025. However, multinationals should adopt localization strategy to gain ground in the highly lucrative market, says GlobalData, a leading data and analytics company. Though China is experiencing an economic slowdown, […]
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Hitachi’s diagnostic imaging business will help Fujifilm to compete with global players, says GlobalData

Following the news that Japan’s Fujifilm Holdings Corp has agreed to acquire Hitachi Ltd.’s diagnostic imaging business for approximately JPY179bn (US$1.64bn);  Rohit Anand, Practice Head of Medical Devices at GlobalData, a leading data and analytics company, offers his view: “Fujifilm, whose global revenues have declined from US$23.7bn in 2014 to US$21.9bn in 2019, is looking […]
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Insurers and private hospitals should formulate policy to address concerns of all stakeholders in India, says GlobalData

The Insurance Regulatory Development Authority of India (IRDAI), insurance companies and private hospitals should come together to formulate a policy that addresses the concerns of all the stakeholders and does not impact the quality of surgical treatment in India, says GlobalData, a leading data and analytics company. Recently, insurers and third-party administrators (TPAs) in India […]
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India’s plan to bring all medical devices under one regulatory framework will boost credibility, says GlobalData

India’s recent draft notification to bring all imported and locally-made medical devices under single regulatory framework and a compensation plan for patients affected by faulty devices will boost credibility, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the the Indian medical devices market, which accounted for more than 13% of the […]
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