China’s Zylox-Tonbridge looks to expand into the Gulf region
The risk of developing peripheral vascular disease increases with age, with its prevalence being around 20–30% in adults aged 80 years and older, according to the US Centers for Disease Control and Prevention (CDC). Credit: BUTENKOV ALEKSEI/Shutterstock. Chinese MedTech company Zylox-Tonbridge has received marketing approvals for five of its devices from the UAE’s Ministry of […]
BiVACOR secures $13m for total artificial heart programme
BiVACOR is gearing up to commence a first-in-human feasibility study for its total artificial heart. Image credit: Shutterstock/peakanucha. US-based BiVACOR has been awarded $13m from the Australian Government’s Medical Research Future Fund (MRFF) to advance its total artificial heart programme. With a presence in Australia, BiVACOR was chosen as part of an A$50m ($33m) grant […]
Australian Government announces A$50m investment towards artificial heart development
GlobalData claims the cardiovascular devices market is growing at a CAGR of 5.4%. Credit: Natali _ Mis via Shutterstock. The Australian Government announced yesterday (20 February) that it is providing a grant of A$50m ($33m) to the Artificial Heart Frontiers Program (AHFP), an initiative involving five universities, three clinical groups, and BiVACOR, a medical device […]
US digital therapeutics market to grow at 25% CAGR from 2022 to 2030
DTx enables remote monitoring, offering personalised insights. Credit: Monkey Business Images / Shutterstock The digital therapeutics (DTx) market in the US is projected to grow at a compound annual growth rate (CAGR) of 25% from 2022 to 2030, according to a new report. GlobalData’s DTx in Medical report notes that the growing sector has the […]
robotic surgery devices on the rise in 2024
The surgical robotics market is set to grow at a CAGR of 8% to reach $15.8bn by 2030. Credit: Phonlamai Photo via Shutterstock. The field of modern healthcare is undergoing a groundbreaking transformation with the rise of robotic surgery. This innovative approach, powered by cutting-edge robotics, is revolutionising surgical precision in ways never seen before. […]
AI startup Bioptimus launches with $35m seed funding
The AI market will be worth $323bn in 2027, according to GlobalData. Credit: metamorworks via Getty Images. France-based artificial intelligence (AI) start-up Bioptimus has launched with $35m seed funding in its pocket to build a foundational model for biology. The funding round is co-led by Sofinnova Partners and Bpifrance, with additional investors Headline, Hummingbird, NJF […]
France’s pioneering approach to digital medical devices reimbursement
Image credit: Shutterstock/Mini Onion In the dynamic landscape of global life sciences, France has emerged as a frontrunner in fostering innovation and accelerating the integration of digital medical devices (DMDs) through groundbreaking regulatory reforms. The recent approval of the PECAN (Prise en Charge Anticipée) initiative signifies a monumental leap forward, positioning France alongside visionary counterparts […]
Koneksa’s LEARNS study enrols first Parkinson’s patient
The study utilises digital biomarkers to measure disease progression remotely. Credit: Ocskay Mark/ shutterstock.com. Koneksa has announced the enrolment of the first patient in the LEARNS observational study aimed at evaluating the reliability and responsiveness of digital biomarkers in neurodegenerative disorders. The study focuses on using mobile and wearable-based assessments to enhance signal detection for […]
Reprieve Medical lands $42m to advance heart failure trials
The capital will be directed towards development of the company’s automated diuretic and fluid management devices designed to treat heart failure. Credit: Shutterstock / Africa Studio. US-based device manufacturer Reprieve Medical has secured $42m in funding for its heart failure tech trials. The capital will be directed towards the development of the company’s automated diuretic […]
AIM registers AI-based endoscopic device in Singapore
The AIM’s device functions by analysing still images from endoscopic examinations and providing immediate feedback. Credit: AI Medical Service Inc. AI Medical Service (AIM) has completed its first regulatory review and device registration in Singapore for its artificial intelligence (AI)-based endoscopic diagnostic support device. The Health Sciences Authority (HSA) of Singapore conducted the review and […]