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On 5 November 2024, Donald Trump was elected as the US president for the second term, marking the return of Republican leadership following President Joe Biden’s administration, which saw significant policy changes for the biopharmaceutical industry, such as the Inflation Reduction Act. Although Trump did not disclose his intended healthcare policy changes during his campaign, […]
India to dominate oil and gas transmission pipeline length additions in Asia by 2028, says GlobalData
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Pipelines Industry Outlook by Capacity […]
UK VC funding rises 18.6% YoY to $14.3 billion during January-October 2024, reveals GlobalData
The UK witnessed the announcement of a total of 1,002 venture capital (VC) funding deals during January-October 2024, marking a year-on-year (YoY) decline of 11.4% in deal volume. However, the corresponding value of these deals improved by 18.6% YoY to $14.3 billion during the same period, according to GlobalData a leading data and analytics company. […]
NAPCHD’s new guidelines signal shift in type 1 diabetes management for care home residents in UK, says GlobalData
The National Advisory Panel on Care Home Guidance (NAPCHD) has introduced a groundbreaking framework designed to transform type 1 diabetes management in care homes across England. The comprehensive guidance, “Type 1 Diabetes in Care Homes: A Practical Guide on Management,” is aimed at addressing critical challenges in managing diabetes among care home residents. By offering […]
Japan’s measures to fight climate change to drive innovation in agri-food manufacturing sector, says GlobalData
Due to the escalating impact of climate change on food production, Japan is intensifying to safeguard the quality and sustainability of its food supply. The nation is rolling out innovative measures to address the challenges posed by unpredictable weather patterns, rising temperatures, and extreme natural disasters, which are increasingly threatening agricultural yields and food security. […]
Legal and ethical challenges shaping AI-driven clinical trials, says GlobalData
The integration of artificial intelligence (AI) in clinical trials has transformed healthcare by enhancing data analysis, predicting outcomes, and expediting drug development. However, this innovation comes with significant legal and ethical challenges, as AI systems rely heavily on vast datasets from clinical trials, raising concerns about consent, data origin, and ethical standards, says GlobalData, a […]
Unifying political framework will unlock full potential of AI-driven healthcare, says GlobalData
Artificial Intelligence (AI) has revolutionized healthcare, enhancing diagnostics, personalizing treatments, and improving patient outcomes. The rapid adoption of AI has led to a fragmented regulatory landscape in the US. Many states have introduced AI-specific legislation addressing data privacy and cybersecurity. For instance, states like California have enacted stringent consumer protection laws limiting personal data use, […]
Men’s Health Awareness Month highlights need for early prostate cancer detection, says GlobalData
The month of November is dedicated to raising awareness regarding pertinent health issues affecting men such as mental health and suicide prevention, prostate cancer, and testicular cancer. Prostate cancer is the fourth most common cancer worldwide and the second most common cancer in men after skin cancer, according to the World Cancer Research Fund International. […]
AstraZeneca’s AZD4041 failure major blow for non-opioid medications treating opioid addiction, says GlobalData
Opioid use disorder (OUD) is a chronic neurological disorder characterized by the compulsive, repeated use of opioid drugs, leading to prolonged self-administration. AstraZeneca recently terminated the development of an OUD drug, AZD4041, after the orexin 1 receptor antagonist demonstrated a drug-drug interaction with an antifungal during a Phase II trial. The failure of the trial […]
Trump tariffs to directly impact prices of majority of US medical devices, says GlobalData
US President-elect Donald Trump’s plans to impose tariffs on imported goods will affect the prices of approximately 75% of available US-marketed medical devices, which are manufactured out of the country. More specifically, the move will affect the 69% of available US-marketed devices that are manufactured solely outside of the US, according to Medsource Database, which […]
Connected and personalized care revolutionize home healthcare, says GlobalData
Healthcare is entering a transformative phase where home-based care is becoming a pivotal element of patient-centered delivery. At the heart of this shift is the concept of connective care, which bridges the gap between patients, physicians, and technology. Devices such as wearables, sleep trackers, and stress monitors now provide individuals with a 24-hour view of […]
APAC xEV batteries market to reach 29.9 million units by 2029, forecasts GlobalData
The electric vehicle (EV) market in the Asia-Pacific (APAC) region is experiencing rapid growth, with governments playing a pivotal role in driving the adoption of EVs through supportive policies and incentives. One of the key components of EVs is the advanced xEV batteries, which are essential for powering these vehicles. The volume of xEV batteries […]
Arteriotomy closure devices market to reach $873 million by 2033, forecasts GlobalData
The rise in cardiovascular diseases globally has resulted in a higher number of interventional procedures, necessitating the use of arteriotomy closure devices. Arteriotomy closure devices are essential in managing access sites after procedures such as angiography or vascular interventions. Valued at $641 million in 2024, the arteriotomy closure devices market is projected to reach sales […]
2024/25 Saudi Pro League to generate estimated $54.53 million in sponsorship revenue, reveals GlobalData
The Saudi Pro League is one of the major football leagues in the Middle East and Asia. For the 2024/25 season, the league’s largest sponsorship agreement in terms of annual value is real estate firm Roshn, which is fully owned by state-backed Public Investment Fund. Covering a five-year period from 2022-23 to 2026-27, the title […]
Digital transformation to help accelerate drug development and discovery process, says GlobalData
Ever increasing drug discovery and development timelines is a multiscale issue causing delays in patient access to medicines and increasing costs for pharmaceutical companies. Digital transformation could streamline the process, accelerate innovation, and improve efficiency, according to a survey conducted by GlobalData, a leading data and analytics company. In a recent GlobalData’s survey, “Digital Transformation […]
Indonesia ICT market revenue to increase at 16.3% CAGR over 2023-28, forecasts GlobalData
The enterprise information and communication technology (ICT) revenue opportunity in Indonesia is forecast to increase at a compound annual growth rate (CAGR) of 16.3% between 2023 and 2028, mainly led by a high proportion of revenue contributions from cloud computing, Internet of Things (IoT), and artificial intelligence (AI) solution areas and strong demand from manufacturing, […]
AI regulation future in US remains uncertain, says GlobalData
In November 2024, Donald Trump was re-elected as President of the US, with Elon Musk appointed to lead the newly established Department of Efficiency. Musk’s role focuses on streamlining government processes and integrating advanced technologies, a development that marks a significant shift in the regulatory landscape for artificial intelligence (AI) and other emerging technologies. However, […]
RFK Jr.’s appointment as US HHS Secretary to reshape regulatory and market landscape of medical devices, says GlobalData
The appointment of Robert F. Kennedy Jr. as Secretary of Health and Human Services (HHS) has raised significant discussion in the healthcare sector. Healthcare officials have voiced concerns, particularly regarding Kennedy’s history of spreading misinformation and his controversial stance on vaccines. He may advocate for greater scrutiny of medical device approvals, reflecting his general skepticism […]
FSSAI ban on antibiotics in animal food products to help curb AMR rise among consumers, says GlobalData
In October 2024, the Food Safety and Standards Authority of India (FSSAI) banned the use of some antibiotics used in the production of meat, meat products, milk, milk products, poultry, eggs, and aquaculture. The ban in usage of antibiotics will enhance the quality of livestock farming in India. This regulatory decision is a crucial move to […]
Premier League clubs banning associated party transactions to change football league’s sponsorship landscape, says GlobalData
Following the news that Premier League teams have banned associated party transactions; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “The decision by Premier League clubs to ban associated party transactions (APT) will be felt by several clubs across the football league. Premier League teams generate […]