Artificial Intelligence in Medical Devices Market Set for Unprecedented Growth

The AI in medical devices market has experienced an extraordinary surge, propelling from $15.42 billion in 2023 to an estimated $22.3 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 44.6%, as per The Business Research Company’s AI In Medical Devices Global Market Report 2024.

Topics: Medical Devices Industry Insights

European Infusion Therapy Market Shows Promising Growth and Increasing Market Share

Infusion therapy, also known as intravenous therapy, plays a crucial role in administering fluids and medications directly into the bloodstream. In the United States, this market has been rapidly growing, driven by the aging population and the increasing prevalence of chronic diseases.

Topics: Medical Devices Industry Insights

Supply Chain Disruptions Limits Growth in the Sleep Diagnostics Market

Obstructive sleep apnea (OSA) affects roughly one out of every five people in the United States and it is estimated that 85% of people suffering from OSA are underdiagnosed (Santilli, et al., 2021).

Topics: Diagnostics Pharmaceuticals Medical Devices Industry Insights

Why Recent Innovations in the ENT Endoscope Market Are Causing a Backlash

The ear, nose, and throat (ENT) specialty, also known as otorhinolaryngology, is a medical field with over 300 million procedures conducted globally in 2022. This market is set to grow larger than its current value as innovations continue to bring more solutions to the table, to help a wider range of patients.

Topics: Medical Devices Industry Insights

European Hospitals Invest in New Video and Integrated Operating Room Equipment

The European video and integrated operating room equipment market was valued at 1.6 billion U.S. dollars in 2022. This is expected to increase at a mid-single-digit CAGR over the forecast period.

Topics: Medical Devices Industry Insights

7 Top Trends in the Medical Devices Industry in 2024 and Beyond

Medical devices are a critical component of healthcare and include an enormous array of products used to treat, diagnose, or monitor various health conditions. The global medical devices industry has evolved rapidly over the past decade, driven by groundbreaking technological advancements, an increasing elderly population across the globe, and mounting demand from emerging market nations.

Topics: Medical Devices Industry Insights

The Latest Trends in the US Laparoscopic Device Market

The laparoscopy market in the US has experienced significant growth due to the rising demand for minimally invasive surgical techniques. Laparoscopy involves small incisions which offer numerous benefits over traditional open surgery, such as reduced pain, shorter recovery times and smaller scars.

Topics: Medical Devices Industry Insights

The Arterial Peripheral Vascular Stent Market in Europe

Stents are commonly used as complementary devices during conventional percutaneous transluminal angioplasty (PTA) balloon catheterization in peripheral vascular procedures. The placement of a stent mitigates some complications, such as negative remodeling and elastic recoil effects. However, post-surgery complications, such as restenosis, occur in up to half of the patients who have undergone PTA procedures.

Topics: Medical Devices Industry Insights

The Evolving Cosmetology and Medical Aesthetics Industry: Current Trends and Insights

The global cosmetology and medical aesthetic market is rapidly evolving, with new trends and insights emerging across different segments. A recent study by iData Research on the $16.5 billion global cosmetology and medical aesthetics market covering 70 countries across 5 continents has revealed interesting trends in areas such as injectables, minimally invasive procedures, and surgical cosmetic implants.

Topics: Cosmetics & Personal Care Medical Devices Industry Insights

Remote Patient Monitoring, an Emerging Opportunity in the Healthcare Industry

Remote patient monitoring (RPM) has been a rising trend over the past many years. This growth, however, was catalyzed further by the COVID-19 pandemic, and we saw a rapid increase in participation from the industry and patients.

Topics: Healthcare Medical Devices Industry Insights