Industry News

16 May 2022
Medtronic Completes Acquisition of Intersect ENT to Add Innovative Sinus Implants to ENT Portfolio
Medtronic plc (Dublin, Ireland) has completed the acquisition of Intersect ENT (Menlo Park, CA, USA), thereby expanding the company's comprehensive ear, nose, and throat (ENT) portfolio with innovative products used in sinus procedures to improve post-operative outcomes and to treat nasal polyps.
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12 May 2022
Global Lateral Flow Assays Market to Surpass USD 11.5 Billion by 2032 Due to Evolving Applications
The global lateral flow assays market is projected to register a CAGR of 4.7% during 2022-2032 to surpass USD 11.7 billion by the end of 2032, driven by the growing prevalence of influenza, STDs, and tuberculosis worldwide and rising awareness among people about the availability of POCT kits.
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11 May 2022
Global Rapid Test Kits Market Driven by Immunoassay and Chromatography-Based Tests
The global rapid test kits market size was valued at more than USD 25.50 billion in 2021 and is expected to register a CAGR of 8.1% over the 2019-2030 period to surpass USD 52 billion in 2030, driven primarily by the increasing prevalence of various infectious diseases.
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03 May 2022
Meridian Acquires Euprotein to Further Expand Recombinant Protein Capabilities
Meridian Bioscience, Inc. (Cincinnati, OH, USA) has acquired, through its subsidiary Meridian Life Science, Inc., substantially all of the assets of EUPROTEIN Inc. (North Brunswick Township, NJ, USA).
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02 May 2022
Globe Scientific Acquired by L Squared Capital Partners
Globe Scientific (Mahwah, NJ, USA), a provider of laboratory consumable supplies, has been acquired by L Squared Capital Partners (Newport Beach, CA, USA), marking its third acquisition as part of GSI Group Holdings.
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29 Apr 2022
GE Healthcare and Medtronic Collaborate to Improve Product Access for ASCs and OBLs
GE Healthcare (Chicago, IL, USA) and Medtronic (Doral, FL, USA) have entered into a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs) that will allow customers to access extensive product portfolios, financial solutions, and exceptional service.
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22 Apr 2022
Global Diagnostic Imaging Market to Surpass USD 33 Billion by 2026
The global diagnostic imaging market is projected to grow at a CAGR of 4.9% from an estimated USD 27.5 billion in 2022 to over USD 33 billion by 2026, driven by technological advancements, favorable demographic factors in the developed regions, growing access to healthcare and rising income levels of the middle class population in the developing regions.
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22 Apr 2022
Global Electrosurgery Market to Reach Almost USD 6 Billion by 2026
The global electrosurgery market is projected to grow at a CAGR of 3.6% from an estimated USD 5 billion in 2022 to almost USD 6 billion by 2026, driven by the rapidly rising number of surgeries being performed globally, an aging population, and increasing prevalence of various chronic diseases.
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21 Apr 2022
Global Infusion Pump Market to Surpass USD 850 Million by 2028
The global infusion pump market will be driven by rising incidence of chronic diseases, rapid growth of the geriatric population who require home care, rising demand for ambulatory infusion pumps, and growing volume of surgical procedures performed around the world.
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15 Apr 2022
Global Surgical Tables Market to Surpass USD 1 Billion by 2022
The global surgical tables market is projected to grow at a CAGR of 3.9% from over USD 0.80 billion in 2017 to more than USD 1 billion by 2022, driven by improving healthcare infrastructure, rising accident cases, growing geriatric population, and increasing number of surgeries across the world.
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14 Apr 2022
Multi-Parameter Patient Monitoring Market to Surpass USD 6 Billion by 2028 Due to Demand for Intensive Care
The global multi-parameter patient monitoring market is expected to register a moderate CAGR of 4.6% over the period 2022-2028 to surpass USD 6 billion by the end of 2028, driven a boost in healthcare spending due to rising affluence in the emerging markets and increasing aging population in developed economies.
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13 Apr 2022
BioMérieux Acquires Antibiotic Susceptibility Test Firm Specific Diagnostics
bioMérieux (Marcy-l'Étoile, France) has further strengthened its commitment to fight AMR with the acquisition of Specific Diagnostics (San Jose, CA, USA) which focuses on fast AST solution and has developed a rapid AST system that delivers phenotypic AST directly from positive blood cultures.
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12 Apr 2022
Global Digital Radiology Market to Surpass USD 8 Billion by 2030 Due to Surge in Chronic Diseases
The global digital radiology/radiography market was valued at USD 3.9 billion in 2020 and is expected to record a CAGR of 6.6% from 2021 to 2030 to reach USD 8.3 billion by 2030, driven by a rise in the frequency of chronic diseases, sports-related injuries, and cancer and a surge in age-related disorders.
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08 Apr 2022
Global Hospital Acquired Infections Testing Kits Market to Reach USD 1.8 Billion by 2026
The global hospital acquired infections testing kits market is expected to grow at a CAGR of 12.7% from USD 1.12 billion in 2021 to USD 1.27 billion in 2022 and is projected to grow further at a CAGR of 8.8% to USD 1.78 billion in 2026, driven by increased incidence of chronic diseases.
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04 Apr 2022
Fresenius Kabi to Acquire Medical Technology Company Ivenix
Fresenius Kabi (Bad Homburg, Germany), which specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition, has agreed to acquire Ivenix, Inc. (North Andover, MA, USA), a specialized infusion therapy company.
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31 Mar 2022
Surgical Navigation Systems Market Fueled by Rising Osteoarthritis, Brain Tumors and ENT Cases
The global surgical navigation systems market is projected to register CAGR of 8.5% over the forecast period 2019 to 2027 to reach USD 1.6 billion by 2027, driven by the rising incidence of target conditions such as osteoarthritis, brain tumors, and ENT problems, as well as an ageing population.
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28 Mar 2022
Global Clinical Chemistry Analyzer Market Driven by Higher Testing Volume and Shorter TAT Due to Automation
In recent decades, the clinical chemistry instrumentation business has seen a rapid evolution of technological improvements. Novel features, such as closed tube sampling, automated maintenance processes, streamlined calibration, and internet-based remote diagnostics, have been introduced with each new system generation. These intend to help laboratories better meet the needs of physicians and patients while creating efficiencies, driving quality, lowering costs, and addressing workforce fluctuations. As a result, the global clinical chemistry analyzer market was valued at over USD 12 billion in 2021 and is anticipated to grow at a CAGR of 4.8% over the forecast period (2022-2030).
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28 Mar 2022
Roche and BMS Collaborate on Digital Pathology Algorithms and Cancer Diagnostic Assays
Advances in computation and artificial intelligence (AI) in digital pathology are showing promise to meet the demand for more accurate and comprehensive assessment of pathology results to enable improved patient outcomes. Roche (Basel, Switzerland; has entered into a collaboration with Bristol Myers Squibb (BMY, New York, NY, USA) to support the advancement of two assays for use in clinical trials with the development and deployment of two new digital pathology algorithms.
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25 Mar 2022
AI-Powered Pathology to Drive Insight in Cancer Diagnosis
Driven by a growing base of evidence on the economic and clinical benefits of adoption, leading laboratories are increasingly looking to adopt AI in routine practice to optimize operations and improve patient care. A key barrier to deriving the full value of AI is the lab’s ability to seamlessly integrate this diverse range of applications into routine operations. Now, a strategic partnership will deliver integrated AI-enabled solutions that aim to improve clinical decision making for cancer care.
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23 Mar 2022
Siemens Enters Digital Pathology Market with Proscia’s Concentriq Dx Platform
Siemens Healthineers (Erlangen, Germany) and Proscia (Philadelphia, PA, USA) have entered into a multi-year OEM agreement under which Siemens will expand its Enterprise Imaging offering towards the global digital pathology market using Proscia’s Concentriq Dx platform. With Proscia’s Concentriq Dx platform, Siemens is entering the digital pathology market to satiate the rampant demand and expand its Enterprise Imaging offering with industry-leading technology to realize the full value of digital pathology operations.
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21 Mar 2022
International Hospital Federation (IHF) Awards 2022 Open for Nominations in Seven Categories
The International Hospital Federation (IHF; Geneva, Switzerland) has launched the year 2022 edition of the IHF Awards – the premier, annual awards program for hospitals and healthcare organizations worldwide – that will be presented at the 45th World Hospital Congress (WHC), taking place on 9-11 November 2022 in Dubai, UAE.
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