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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

FDA drug approvals drop 15.44%, but smaller pharma leads innovation, reveals GlobalData bio/pharmaceutical outsourcing report

Innovator and biosimilar drug approvals by the FDA have declined by 15.44%, from 149 in 2023 to 126 in 2024. Despite this downturn, the landscape of pharmaceutical innovation remains vibrant, particularly among smaller companies, which are making significant strides in addressing unmet medical needs, says GlobalData, a leading data and analytics company. GlobalData’s Bio/Pharmaceutical Outsourcing […]
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GlobalData Country Risk Index shows slight drop in Q4 2024

The global economy stands at a crossroads, balancing trade policy uncertainty and geopolitical tensions against easing price pressures. The latter is supporting a revival in domestic demand and providing central banks with room for potential rate cuts. Against this backdrop, GlobalData, a leading data and analytics company, reports a slight drop in the GlobalData Country […]
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NHS approval of endometriosis therapy Ryeqo enhances patient care, eases healthcare strain, says GlobalData

The National Health Service (NHS) in England has approved Gedeon Richter’s Ryeqo, the first long-term pill available for endometriosis for patients who have exhausted all other treatment options. The approval addresses the long-standing gap in long-term treatment options for endometriosis, improving overall disease management while easing the burden on healthcare resources, says GlobalData, a leading […]
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Robotic surgical systems market in China to grow at 12% CAGR through 2036, forecasts GlobalData

The robotic surgical systems market in China is projected to experience significant growth, with a forecasted compound annual growth rate (CAGR) of approximately 12% through 2036. This growth is mainly fueled by innovations in artificial intelligence (AI)-powered robotic assistance and the rising elderly population leading to an increase in need for surgical interventions, reveals GlobalData, […]
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GlobalData acquires Ai Palette to strengthen its innovation solution with AI-powered consumer insights

GlobalData Plc, a leading data, insight, and technology company, has acquired Ai Palette, an AI-powered consumer insights platform, to enhance its ability to help Consumer Packaged Goods (CPG) brands predict trends and drive product innovation. This acquisition strengthens GlobalData’s offering by integrating Ai Palette’s advanced Artificial Intelligence (AI) and machine learning capabilities, enabling businesses to […]
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GlobalData highlights significant impact of aging population on medical industry

The world’s population is aging at an unprecedented rate. Advancements in healthcare, improved living conditions, and declining birth rates have contributed to an increase in life expectancy. As a result, the proportion of elderly individuals in many countries is growing rapidly. This demographic shift presents both challenges and opportunities, particularly in the medical devices industry, […]
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Fiber to drive Japan fixed communication services market to over $26 billion in 2029, forecasts GlobalData

Fixed communication services revenue in Japan is expected to grow marginally from $25.4 billion in 2024 to $26.6 billion in 2029, maintaining a sluggish CAGR of 0.9%.  The decline in fixed voice services will continue, while broadband growth remains moderate, driven by increasing fiber adoption but offset by falling cable and xDSL subscriptions, says GlobalData, […]
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Malaysia card payments market to surpass $90 billion in 2025 driven by digital shift, forecasts GlobalData

The card payment market in Malaysia is poised for strong growth, projected to reach MYR422.4 billion ($92.6 billion) in 2025, driven by increasing consumer spending and the growing shift towards digital payments. This growth is supported by government initiatives, expanding POS infrastructure, and rising consumer adoption of contactless and credit card payments, positioning the market […]
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