The number of planned and ongoing clinical trials (new) for medical devices in July 2022 saw a increase 24% globally when compared with the last 12-month average, according to GlobalData’s medical devices clinical trials database.

The global medical devices market was worth $540.69bn in 2021 and is expected to reach $523.13bn by 2023, according to GlobalData’s analysis.

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Global new medical device clinical trials activity - July 2021 to July 2022233223289252251236323247356317350404359100%

Medical devices clinical trials by market: Healthcare IT has the most studies

Looking at the new studies by the type of markets, Healthcare IT accounted for the largest proportion (17%) in July 2022, followed by Neurology Devices (12%) and Cardiovascular Devices (11%).

Global new medical device clinical trials by market - July 202217.27%12.26%11.42%7.52%6.69%6.69%5.01%4.74%3.9%3.34%100%

North America tops new clinical trials activity

Comparing the new trials activity in different regions of the globe, North America held the top position with a 47% share during July 2022, followed by Europe with 26%, and Asia-Pacific with 22%.

At the country level, The US had the largest share (42%) of the global medical device clinical trials during the month. In second place was Germany with a share of 6%, followed by India with 6%.

New medical device clinical trial activity by region - July 2022North AmericaEuropeAsia-PacificMiddle East and AfricaSouth and Central America48%27%22%3%2%100%

Looking at the share of activity by sponsorship, company-sponsored trials accounted for a 47% share, while institute-sponsored trials held the remaining share.

The monthly average for the last 12 months saw company-sponsored new trials accounting for 50% of new trials and institute-sponsored trials accounting for 50%.

Methodology
The clinical trials data used for the analysis were extracted from the medical Clinical Trials Database of GlobalData’s Medical Intelligence Center. Medical device clinical trials database covers all clinical trials conducted on medical devices, combination devices, diagnostics, and diagnostic imaging agents covering 16 markets (as per medical device taxonomy). GlobalData tracks clinical trials from six key registries: NCT, UMIN, ACTRN, ChiCTR, EudraCT, and ISRCT. It also monitors universities, company websites, press releases, investor presentations and annual reports to track medical device clinical trials. Industry refers to commercial entities such as private and public companies and their subsidiaries. Non-Industry refers to non-profit making entities including hospitals, universities, government research institutions and non-government research institutions. The information is collected by following systematic research techniques and proprietary methodology. Only planned and ongoing clinical trials are considered for this analysis.