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GlobalData
GlobalData

Medical Devices

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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Global duodenoscopes market set to grow at CAGR of 6.6% between 2015 and 2028, says GlobalData

The global duodenoscopes market is expected to grow at a compound annual growth rate of 6.6% from US$270m in 2015 to reach US$616m by 2028, according to GlobalData, a leading data and analytics company. Duodenoscopes are flexible, lighted tubes that are inserted through the mouth into the duodenum during  endoscopic retrograde cholangiopancreatography (ERCP), a procedure […]
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India’s electronic health record market set to grow at a CAGR of 5% through 2025, driven by adoption of digital health, says GlobalData

The Indian electronic health records (EHRs) market, which accounted for approximately 9% of the Asia-Pacific (APAC) EHR market in 2018, is expected to grow at a compound annual growth rate (CAGR) of 5% through 2025. India’s plan to digitize its healthcare system with interoperable electronic health records (EHRs) will further drive the country’s EHR market, […]
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