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GlobalData
GlobalData

Medical Devices

China intraocular lens market to grow at 2% CAGR through 2033, forecasts GlobalData

The increasing prevalence of myopia, particularly in high-degree cases, is becoming a significant public health concern. Severe myopia not only impairs vision but also affects daily functioning and productivity. While glasses and contact lenses are widely used, they often provide limited correction, cause discomfort, and lack permanence. These limitations highlight the growing need for advanced, […]
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South Korea aesthetic injectables market poised for 12% CAGR through 2033, forecasts GlobalData

With an increasing emphasis on achieving natural and youthful aesthetics, the demand for innovative solutions in skin rejuvenation is rapidly growing. Hybrid hyaluronic acid fillers are emerging as game-changers, offering more than hydration and volume restoration. As South Korea progresses in adopting advanced formulations to support skin health, the aesthetic injectables market is projected to […]
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NanoVibronix’s UroShield trial results hold potential to advance urinary care, says GlobalData

NanoVibronix has recently announced the successful completion of the pilot phase of its UroShield clinical trial in the US. The UroShield device is a novel ultrasonic technology that is designed to reduce catheter-associated complications such as infections, blockages, and discomfort. By generating low-frequency ultrasound waves, the device prevents bacterial colonization and biofilm formation, addressing persistent […]
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AI-driven adaptive cardiac devices revolutionize heart disease treatment, reveals GlobalData

Adaptive cardiac devices are revolutionizing heart disease treatment for real-time monitoring and dynamic therapy adjustments. By offering continuous, precise interventions, these innovations in cardiovascular healthcare promise improved patient outcomes and a shift toward more effective, responsive management of heart disease, says GlobalData, a leading data and analytics company. Unlike traditional devices such as pacemakers that […]
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South Korea Mycobacterium diagnostic tests market set to grow at 3% CAGR during 2024-2034, forecasts GlobalData

The rising burden of tuberculosis (TB) cases and advancements in molecular diagnostics are driving the growth of the South Korea Mycobacterium diagnostic tests market. Against this backdrop, the country’s Mycobacterium diagnostic tests market is projected to grow at a compound annual growth rate (CAGR) of 3% between 2024 and 2034, forecasts GlobalData, a leading data, […]
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India glucose monitoring market to grow at 2% CAGR through 2033, forecasts GlobalData

The growing prevalence of diabetes in India, combined with limited access to reliable monitoring tools, presents a significant public health challenge. Effective glucose monitoring is crucial for disease management, yet affordability and accuracy remain key barriers. Against this backdrop, India’s glucose monitoring market is forecast to grow at a 2% compound annual growth rate (CAGR) […]
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Vizient contract for Seno Medical’s hybrid imaging technology to help transform breast cancer diagnosis, says GlobalData

In November 2024, Seno Medical secured an Innovative Technology contract from Vizient for its Imagio breast imaging system, a breakthrough device designed to enhance the diagnostic process for breast cancer. The system combines opto-acoustic and ultrasound imaging to provide real-time, non-invasive insights into breast masses, aiming to reduce the need for invasive biopsies. A contract […]
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Legal and ethical challenges shaping AI-driven clinical trials, says GlobalData

The integration of artificial intelligence (AI) in clinical trials has transformed healthcare by enhancing data analysis, predicting outcomes, and expediting drug development. However, this innovation comes with significant legal and ethical challenges, as AI systems rely heavily on vast datasets from clinical trials, raising concerns about consent, data origin, and ethical standards, says GlobalData, a […]
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Unifying political framework will unlock full potential of AI-driven healthcare, says GlobalData

Artificial Intelligence (AI) has revolutionized healthcare, enhancing diagnostics, personalizing treatments, and improving patient outcomes. The rapid adoption of AI has led to a fragmented regulatory landscape in the US. Many states have introduced AI-specific legislation addressing data privacy and cybersecurity. For instance, states like California have enacted stringent consumer protection laws limiting personal data use, […]
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Arteriotomy closure devices market to reach $873 million by 2033, forecasts GlobalData

The rise in cardiovascular diseases globally has resulted in a higher number of interventional procedures, necessitating the use of arteriotomy closure devices. Arteriotomy closure devices are essential in managing access sites after procedures such as angiography or vascular interventions. Valued at $641 million in 2024, the arteriotomy closure devices market is projected to reach sales […]
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RFK Jr.’s appointment as US HHS Secretary to reshape regulatory and market landscape of medical devices, says GlobalData

The appointment of Robert F. Kennedy Jr. as Secretary of Health and Human Services (HHS) has raised significant discussion in the healthcare sector. Healthcare officials have voiced concerns, particularly regarding Kennedy’s history of spreading misinformation and his controversial stance on vaccines. He may advocate for greater scrutiny of medical device approvals, reflecting his general skepticism […]
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AI regulation future in US remains uncertain, says GlobalData

In November 2024, Donald Trump was re-elected as President of the US, with Elon Musk appointed to lead the newly established Department of Efficiency. Musk’s role focuses on streamlining government processes and integrating advanced technologies, a development that marks a significant shift in the regulatory landscape for artificial intelligence (AI) and other emerging technologies. However, […]
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