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REMD Biotherapeutics recently announced the top-line results of its Phase II study of volagidemab, which aimed to determine whether volagidemab could decrease daily insulin requirements and improve glycemic control in Type 1 Diabetes (T1D patients). These results show the promise of adjunct therapeutics, as their potential impacts on lowering blood glucose levels, reducing patient insulin […]
Israel to be first country in the world to control COVID-19 pandemic through vaccination
Israel is currently on track to be the first country in the world to inoculate its entire population. This could provide a gold standard for other countries if Israel begins to see no new resurgence in COVID-19 cases in the coming months, says GlobalData, a leading data and analytics company. Katie Wrenn, an epidemiologist at GlobalData, comments: “Israel’s […]
Gastric bands and balloons market set to decline at 5.2% CAGR due to COVID-19
The global gastric bands and balloons market was valued at $31m in 2020, and is set to decline at a compound annual growth rate (CAGR) of 5.2%, due to the rise in popularity of surgeries such as Roux-en-Y Gastric Bypass (RYGB) and Sleeve Gastrectomy, according to GlobalData, a leading data and analytics company. GlobalData’s market value includes the negative […]
Remote patient monitoring will continue to transform healthcare delivery and clinical trials in 2021
Ongoing COVID-19 lockdowns and requirements of social distancing have swiftly pushed healthcare provision and patient monitoring towards remote options. Even though remote patient monitoring (RPM) was already being used before the start of the pandemic, the uptake of the technology was relatively low, primarily used to ensure better post-acute care and management of chronic conditions, such as diabetes. However, […]
Global rheumatoid arthritis market set to reach $29.1bn by 2029
The rheumatoid arthritis (RA) market is expected to grow from $26.2bn in 2019 to $29.1bn in 2029 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 1.0%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Rheumatoid Arthritis: Global Drug Forecast and Market Analysis to 2029’, reveals that although the […]
Huge uptake in observability, low-code, cybersecurity, and edge computing is expected in 2021
In 2021, finding innovative ways to accelerate time to value from cloud investments will be more critical than ever. Enterprises need to pick and choose those key cloud services most relevant to supporting app modernization in order to accelerate digitization and combat the effects of a global pandemic and economic fall-out. GlobalData, a leading data […]
Glaucoma awareness month highlights need for prevention and better diagnostics
January is Glaucoma Awareness Month, serving as a reminder that regular eye exams and timely medical treatments are key to preventing further vision loss in glaucoma patients, says GlobalData, a leading data and analytics company. Glaucoma surgery is an effective method to lower the intraocular pressure (IOP) caused by glaucoma. GlobalData estimates that the global […]
Endoscopic hemostasis devices market valued at $730m driven by recent approval of new devices
The global endoscopic hemostasis devices market is currently valued at $730m and is set to grow at a compound annual growth rate (CAGR) of 8.5% driven by the recent approval of new devices such as hemostatic sprays, according to GlobalData, a leading data and analytics company. GlobalData’s market value includes the negative impact of COVID-19, […]
Uruguay’s swift and efficient testing was crucial in its successful COVID-19 measures
Uruguay’s smaller overall population and low population density have allowed the country to keep its positive COVID-19 test rate under 2% since June, despite a recent increase in new daily cases over the past month, says GlobalData, a leading data and analytics company. Ana Fernandez Menjivar, Senior Epidemiologist at GlobalData, comments: “Two of the most important factors were […]
Quidel’s COVID-19 antigen test likely to be of interest to low-income countries
Following Quidel’s third Food and Drug Administration’s (FDA) emergency use authorization (EUA) of a COVID-19 antigen test; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Quidel’s COVID-19 test could be of great interest to low-income countries that typically cannot afford population-wide testing due to the cost-effectiveness of […]
TAVR market projected to reach nearly $5bn in US alone by 2030 as treatable populations continue to be added
While transcatheter aortic valve replacement (TAVR) procedures are historically reserved for elderly population, these devices are increasingly being used in younger and younger patients as they provide reduced hospital stay and recovery time. Therefore, due to the growing treatable populations for these devices, leading data and analytics company GlobalData predicts that the TAVR market may […]
49% of clinical trial disruption due to slow enrollment
As of November 30, 2020, the top reason for disrupted clinical trials is slow enrollment, which is causing delays in 49% of trials. The other main reasons for disruptions are enrollment suspension at 35%, and delayed initiation at 16%, says GlobalData, a leading data and analytics company. Scotty Chung-Siu, Pharma Analyst at GlobalData, comments: “Although suspended […]
Renal denervation market demonstrates tremendous opportunity following FDA breakthrough device designation
SoniVie and ReCor Medical both recently received US Food and Drug Administration (FDA) breakthrough device designation for their TIVUS and Paradise renal denervation systems. With few manufacturers in the field and a market opportunity of almost 10 million hypertensive patients each year, the breakthrough designation puts ReCor Medical and SoniVie far ahead of larger manufacturers […]
NovoNordisk’s Rybelsus a game changer in T2D but may face a tough road ahead as it strides into Alzheimer’s space
NovoNordisk’s decision to investigate its recently launched Type 2 Diabetes (T2D) drug Rybelsus (semaglutide) in a pivotal Phase IIIa study of patients with early Alzheimer‘s disease may allow the company to secure its position in yet another lucrative market. However, while this drug will benefit from being the first-to-market oral GLP-1RA in T2D space and capture a […]
Surge period expected for $590m ERCP & PTC devices market but this will not offset COVID-19 revenue loss
Currently expected to be valued at $590m by the end of 2020, the global endoscopic retrograde cholangiopancreatography (ERCP) and percutaneous transhepatic cholangiography (PTC) devices market is anticipated to grow at a compound annual growth rate (CAGR) of 3.5 despite the negative impact of COVID-19, as these devices are necessary to resolve obstructions of the pancreatic and […]
COVID-19 deals boost South Korea’s pharmaceutical industry growth
South Korea’s pharmaceutical sector is becoming increasingly innovative and attractive to foreign investment only 18 months into the government’s $1.7bn five-year biotech plan. The country’s pharmaceutical industry is now poised to grow further due to its preparations to manufacture large amounts of COVID-19 vaccines for domestic and foreign markets, says GlobalData, a leading data and […]
Novartis embracing digital tools will help strengthen its position in key ophthalmology indications
Novartis recently engaged in a flurry of collaborative agreements in the ophthalmology field and the scope of these collaborations will help the company to pull ahead of its competitors in a broad spectrum of activities ranging from research and development (R&D) to product positioning to enhancement of patient journey, says GlobalData, a leading data and […]
AbbVie’s Rinvoq tops defending champion Dupixent in atopic dermatitis
The recently demonstrated superiority of AbbVie’s Rinvoq (upadacitinib) versus Regeneron and Sanofi’s Dupixent (dupilumab) across primary and all secondary endpoints in the Phase IIIb Heads Up study may well showcase its potential to usurp Dupixent as the gold standard of atopic dermatitis (AD) therapy, but it is the speed of which the efficacy became evident in patients that shows the drug’s real promise, says GlobalData, a leading data and […]
UniQure’s EtranaDez set to become first gene therapy approved for hemophilia B, disrupting mostly stagnant market
With a 2021 Food and Drug Administration (FDA) submission now on the cards, following impressive data from its pivotal trial HOPE-B, uniQure’s etranacogene dezaprvovec (EtranaDez) is now set to become a first-in-class gene therapy agent with a label in hemophilia B. This will allow uniQure to tap into a market worth $1.3bn per year and […]
Doubts remain over Arcturus’s one-shot COVID-19 vaccine’s potential to match other leading candidate
There are eight mRNA COVID-19 vaccine candidates currently in Phase II or Phase III clinical trials. These vaccines are faster to develop than traditional vaccine formulations, as they use only the genetic sequence of the virus. Leading COVID-19 mRNA vaccine candidates reported greater than 90% efficacy, which raises concerns if other candidates in earlier stages […]