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.

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.

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.

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.

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.

The fast-growing global wearable electrocardiogram (ECG) devices market offers exciting growth opportunities for competitors.

With more than 81 million COVID-19 cases and 1.7 million deaths worldwide as of December 2020, as per the World Health Organization (WHO), the COVID-19 pandemic continues to be an ongoing problem and is expected to have a long-term impact on home healthcare products.

GMR Data forecasts that China's medical devices market will reach $218.2 billion in 2030, up from $92.8 billion in 2020, as Chinese pharmaceutical markets continue their growth trajectory.

As obesity rates climb and Americans age, more people are developing sleep apnea, restless leg syndrome and other sleep disorders. Plus, stress in 2020 related to the presidential election, Covid-19 pandemic and recession are all contributing to more sleepless nights.

The COVID-19 pandemic has prompted the healthcare industry to expand its use of telemedicine — services that provide healthcare to people at a distance with the help of communication technology.