Industry News



05 Dec 2022
New Collaboration to Bring AR to Medical Imaging for Interventional Space
GE Healthcare (Chicago, IL, USA) and MediView XR, Inc. (Cleveland, OH, USA) have entered into a collaboration to integrate medical imaging into mixed reality solutions through the development of the OmnifyXR Interventional Suite System.
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30 Nov 2022
Global Multiparameter Patient Monitoring Systems Market Driven by Rising Chronic Illnesses
An increase in the number of people suffering from chronic illnesses, combined with an ever-growing elderly population, is expected to help the global multiparameter patient monitoring systems market register a CAGR of 5.8% over the 2022-2028 period to reach USD 15.5 billion by 2028.
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23 Nov 2022
Global Visualization Instruments for MIS Market Driven by Increasing Demand for Endoscopy Procedures
The increasing demand for visualization systems for complex surgical procedures, growing demand for minimally invasive surgeries, and rising prevalence of chronic diseases are expected to help the global visualization instruments for minimally invasive surgery (MIS) market register a CAGR of 7.2% between 2022 and 2031 and reach a value of USD 21 billion by 2031.
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11 Nov 2022
Global Diagnostic ECG Market Driven by Increased Incidence of Cardiac Diseases
The rising prevalence of such chronic conditions is necessitating the need for diagnosis and treatment in order to keep track of the patient's daily medical condition and maintain medical records. This, coupled with rising hospitalization of the older population for the treatment of cardiac diseases, has increased the need for electrocardiograph (ECG) diagnosis.
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11 Nov 2022
Radcal to Supply Quality Assurance X-Ray Testing Equipment to West Physics
Radcal Corporation (Monrovia, CA, USA), a leading manufacturer of diagnostic X-ray quality assurance (QA) meters, has reached an agreement with West Physics (Atlanta, GA, USA), one of the largest and most successful Medical Physics groups in the U.S., to supply QA X-ray testing equipment.
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09 Nov 2022
Leica Biosystems Acquires Cell IDx, Expanding Offerings in Multiplexed Tissue Profiling
Leica Biosystems, a technology leader in automated staining and brightfield and fluorescent imaging (Nussloch, Germany), has acquired Cell IDx, Inc. (San Diego, CA, USA), which provides multiplex staining panels, tissue staining, and imaging and analysis services.
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08 Nov 2022
Global Infusion Pumps Market Driven by Increasing Incidence of Chronic Diseases
Rising demand for ambulatory infusion pumps in home care, increasing incidence of chronic diseases along with a rapid growth of the geriatric population, and growing number of surgical procedures being performed, are driving the growth of the global infusion pumps market. As a result, the market is projected to register a CAGR of 7% from USD 14.7 billion in 2022 to USD 20.5 billion by 2027.
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07 Nov 2022
Mast Group Enters into Multi-Country Distribution Agreement for Nanomix's eLab System
Mast Group Limited (Liverpool, UK) and Nanomix (Emeryville, CA, USA) have entered into a multi-region distribution agreement wherein Mast will market and distribute the Nan?mix eLab system in the UK, Germany, France, Ireland and South Africa.
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07 Nov 2022
AI-Enabled Diagnostic Testing Could Become More Accurate and Reliable than Current Tests
An expanded collaboration between two industry leaders will pave the way for the development of AI-enabled diagnostic testing that is more accurate and reliable than current U.S. tests for patients with chronic diseases, including kidney, cardiovascular, liver and neurologic conditions.
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01 Nov 2022
Global Infectious Respiratory Disease Diagnostics Market Driven by New Multiplex PCR Tests and POC Products
The global infectious respiratory disease diagnostics market size is expected to reach USD 43.6 billion by 2030, driven by an increase in the prevalence of infectious respiratory diseases and initiatives taken by governments & non-profit organizations to introduce novel & innovative products to address the growing demand.
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01 Nov 2022
Johnson & Johnson to Acquire Cardiovascular Technology Company Abiomed in USD 16.6 Billion Deal
Johnson & Johnson (New Brunswick, N.J., USA) has entered into a definitive agreement to acquire all outstanding shares of Abiomed, Inc. (Danvers, MA, USA) in a deal valued at approximately USD 16.6 billion which includes cash acquired.
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01 Nov 2022
Global Endoscopic Imaging Systems Market Driven by Increasing Adoption of AI and Minimally Invasive Procedures
The global endoscopic imaging systems market was valued at USD 3.64 billion in 2021 and is expected to grow at a CAGR of 7.43% during the forecast period 2022-2030 to reach USD 6.94 billion by 2030.
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01 Nov 2022
UK's Binding Site to Be Acquired by Thermo Fisher for USD 2.6 Billion
Thermo Fisher Scientific Inc. (Waltham, MA; USA) has entered into a definitive agreement to acquire The Binding Site Group (Birmingham, UK) in an all-cash transaction valued at USD 2.6 billion.
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31 Oct 2022
Nova Primary Blood Glucose Reference Analyzer Receives US FDA Clearance
Nova Biomedical (Waltham, MA, USA) has received clearance from the U.S. Food and Drug Administration (FDA) for its Nova Primary as a blood glucose reference analyzer.
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25 Oct 2022
Medtronic to Separate Patient Monitoring and Respiratory Interventions Businesses
Medtronic plc (Dublin, Ireland) has announced its intention to pursue a separation of the company's combined Patient Monitoring and Respiratory Interventions businesses ("NewCo").
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25 Oct 2022
AACC Middle East to Showcase Latest in Laboratory Medicine and Diagnostic Innovations
AACC Middle East, a two-day conference held by the American Association for Clinical Chemistry (Washington, DC, USA) in partnership with Life Dx (Abu Dhabi, UAE) will bring the latest in laboratory medicine to the Middle East region and showcase diagnostic innovations.
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21 Oct 2022
Global Portable X-Ray Devices Market Driven by Technological Developments
The increasing prevalence of chronic diseases and rise in the aging population across the world are driving the demand for portable X-ray devices. As a result, the global portable X-ray devices market which was valued at USD 64.38 billion in 2021 is expected to register a CAGR of 9.2% between 2022 and 2028 to reach USD 11.95 billion by 2028.
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20 Oct 2022
Global Surgical Instruments Market Driven by Increase in Procedures and Unmet Demand
The global surgical instruments market was valued at USD 9.21 billion in 2022 and is projected to grow at a CAGR of 7.25% from 2023 to 2030 to reach USD 15.75 billion by 2030, driven by a growing geriatric population, rising healthcare costs, significant unmet surgical demand, and an increase in surgical volume.
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19 Oct 2022
Global Lateral Flow Assay Market Driven by Rising Incidence of Infectious Diseases
The global lateral flow assay market was valued at an estimated USD 7.91 billion in 2021 and is expected to witness a CAGR of 5.23% during the forecast period 2021 to 2029, driven primarily by the increasing incidence of infectious diseases.
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18 Oct 2022
Global Multiplex Detection Immunoassays Market Driven by Demand for Clinical Diagnostic Applications
The global multiplex detection immunoassays market was valued at USD 1.8 billion in 2020 and is projected to register a CAGR of 9.7% during the forecast period 2022 to 2030 to hit around USD 3.7 billion by 2030, driven mainly by the increasing demand for multiplex detection immunoassays for clinical diagnosis.
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17 Oct 2022
Global Sepsis Diagnostics Market Driven by Increasing Prevalence of Bacterial Infections
The global sepsis diagnostics market, which was valued at USD 0.65 billion in 2021, is projected to grow at a significant CAGR of 9.60% from 2022 to 2027, to reach USD 1.11 billion, driven by the prevalence of the COVID-19 pandemic, increase in geriatric population, rise in prevalence of bacterial infections such as tuberculosis, and increased regulatory approvals for technologically advanced sepsis diagnostics products. .
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