The medical industry briefing
The latest news, approvals and clinical trials you need to know about this month
News in Numbers
$12.3bn
The projected growth of the global medical device packaging market between 2021 and 2025, according to a report by Infiniti Research.
$58.33bn
The projected market value for IoT medical devices by 2027, according to a report by Valuates Reports.
$136.76bn
The projected value of the connected medical devices market globally by 2028, according to a report by Verified Market Research.
$12.1bn
The projected value of the global medical device contract research organisation market by 2028, according to a report by Research and Markets.
Top Stories
FDA requests public feedback on 3D printing medical devices at healthcare facilities
On 10 December, the US Food and Drug Administration’s (FDA) Centre for Devices and Radiological Health published a discussion paper and began seeking public input on 3D printing of medical devices at point-of-care centres like hospitals.
Source: Medical Device Network
Medical device industry rebounds from pandemic lull
The medical device industry has rebounded this year from one of its worst periods ever as the Covid-19 pandemic triggered major sales losses in 2020. A new report by GlobalData and company sales disclosures shows “by early 2021, nearly all segments of the market that had been initially impacted by the decline in sales had recovered to pre-pandemic levels.”
Source: Forbes
Medical device market mostly stabilised after two years of Covid-19
While GlobalData forecasts the market to continue its pre-pandemic growth, the increasing prevalence of Omicron variant cases leading to yet another round of elective surgery cancellations may hinder growth.
Source: Medical Device Network
Embracing Emerging Technologies
Abbott announces biowearables to track health
Abbott is developing a new category of consumer biowearables called Lingo, which is being designed to track key signals in the body, such as glucose, ketones, and lactate, to help people better understand their general health and take action.
Source: Abbott
iMediSync unveils wireless brain EEG
South Korean company iMediSync has unveiled what it calls the world’s first integrated wireless brain EEG at CES 2022. Known as iSyncWave, the device is claimed to perform brain mental health screening and predictive analysis of potential mental conditions in just 10 minutes.
Source: iMediSync
High-tech face mask for Coid-19 and beyond
French start-up Airxôm has developed an active respiratory protection mask that destroys pathogens and pollutants through the emission of UV rays on a catalyst. The company showcased the device at CES 2022 and aims to market it from the start of this year.
Source: Airxôm
Nines
US-based company Nines is a tele-radiology and artificial intelligence startup. Its product NinesAI is FDA-cleared to triage time-critical, life-threatening indications of mass effect and intracranial hemorrhage.
Source: Nines
Lucira Health
Biotechnology company Lucira Health offers disposable at-home test kits to detect infectious diseases, such as Covid-19.
Source: Lucira Health
Bloomlife
US-based company Bloomlife is using technology, data science and medical expertise to address issues in maternal health.
Source: Bloomlife
