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  • 1,178 medical devices will be evaluated by the center using a risk-based approach

    1,178 medical devices will be evaluated by the center using a risk-based approach

    Tackling the issue of sub-standard drugs, supporting small and medium-sized drug manufacturers, and aligning the medical device vertical are the priority areas for India’s apex drug regulator, the Drugs Controller General of India (DCGI), who has been granted an extension of his tenure on a contractual basis.

    “DCGI Rajeev Singh Raghuvanshi has been given the mandate to work on weeding out quality issues along with upgrading standards at small manufacturing sites by giving support to MSME drug-makers and seamlessly adding medical devices vertical into CDSCO which is only known for handling drugs so far,” said a senior official requesting anonymity.

    “The ministry is satisfied with his performance as he has been able to drastically improve the manufacturing quality of drugs via risk-based inspections. His zero-tolerance approach has created an environment of fear. Based on the same, renewed responsibilities have been given till the time we find the appropriate candidate.”

    Despite some concerns, the appointments committee of the cabinet has approved the proposal of the department of health and family welfare for the re-employment of Raghuvanshi as drugs controller, Central Drugs Standard Control Organisation (CDSCO), on a contract basis for one year starting March 1.

    He has been given the charge “…beyond his attaining the age of superannuation or till the appointment of the regular incumbent to the post, or until further orders, whichever is the earliest…”

    The announcement specifically mentions that the decision has been taken “…by keeping the recruitment rules of the post in abeyance”.

    Wipe out sub-standard drugs
    India has been battling the issue of sub-standard or not-of-standard quality drugs (NSQs). Last year, in September, top pharmaceutical companies indicated that spurious drugs are to blame after the antacid Pan D, calcium supplement Shelcal, anti-diabetic drug Glimepiride, high blood pressure drug Telmisartan and many more biggest-selling medicines were flagged for failing quality tests in the monthly drug alert released by the country’s drug regulation watchdog CDSCO.

    Pharma companies had approached CDSCO to change the pattern of alert announcements due to the high chances of spurious drug failures instead of original drugs. In fact, India’s largest lobby of domestic drug-makers, the Indian Pharmaceutical Alliance (IPA), said that the lobby will collaborate with the government to strengthen regulations against counterfeit products to protect public health and India’s global standing.

    Falsified medicines are not only a domestic concern but also a global issue. In 2019, the ‘Special 301 Report’ released by the Office of the United States Trade Representative (USTR) blamed India for its growing problem of counterfeit medicines.

    It said that almost 20 per cent of all pharmaceutical goods sold in the Indian market are counterfeit. Hence, the drug regulator needs to strengthen its monitoring mechanism to solve the issue of spurious drugs in India.

    According to Sudarshan Jain, Secretary General of the Indian Pharmaceutical Alliance (IPA), three priority areas that DCGI must look into immediately include, “implementation of Schedule M and Move to PIC/S (Pharmaceutical Inspection Co-operation Scheme (PIC/S) standards, management of counterfeit drugs and regulatory simplifications with thrust on simplifying new product processes”.

    Handholding MSME firms
    Hit by risk-based inspections (RBI), micro, small and medium enterprises (MSMEs) are feeling the heat. The Union government has mandated the need to upgrade facilities to follow Schedule M, making manufacturing standards on par with WHO-Good Manufacturing Practices (GMP).

    The move was aimed to retain the confidence of global health regulators in made-in-India medicines. However, these drug-makers have asked the government to extend hand-holding in the form of financial and technical support to improve quality standards.

    “We need the government to help and guide us to upgrade our facilities. Also, they should understand that we are not earning in crores. So many of us won’t have the budget to upgrade our factories. We have requested the government not to treat us as criminals but as small businessmen who need help to make our factories on par with global standards,” said an officer of the MSME industry.

    Overall, once the drug-makers are upgraded to follow global standards, India’s reputation in the global arena will be enhanced along with trust in Indian medicines, leading to a jump in exports of pharmaceutical products and creating a win-win situation for both the government and the drug-makers.

    Syncing Medical Devices With Drugs
    To bring regulatory uniformity in medical devices, the government is working to classify around 1,178 medical devices into four categories based on their risk approach.

    Till now, medical devices were treated on par with drugs, which was unfair. However, the drug regulator is revising the existing list of medical devices and classifying them into four categories—interventional radiology, radiology therapy, oncology and a newly introduced category named class A non-sterile and non-measuring medical devices.

    Presently, the medical device industry is already simmering with discontent and asking for a “predictable regulatory environment”.

    “Industry cannot be invited to invest in a state of chaos, yesterday- today- tomorrow- every day a new confusion will not build confidence, so we need a predictable regulatory and policy environment where we are not challenged by arbitrary demands of NoCs (no-objection certificate) being sought or SLAs (state licensing authorities) insisting manufacturers to get written clarification from DCGI,” Rajiv Nath, forum Coordinator of Association of Indian Medical Device Industry (AIMED), said. News18

  • Republicans want the Biden-era medical debt rule to be reversed

    Republicans want the Biden-era medical debt rule to be reversed

    Medical debt is a struggle for millions of Americans, and recent moves from a federal government watchdog to help people tackle it are up in the air right now.

    The Consumer Financial Protection Bureau (CFPB) issued new regulations at the start of the year, but the fate of the CFPB and its regulations are now uncertain.

    “Your credit report is that report card that shows financial institutions, lenders, anyone that’s going to give you money. This is why it’s your report card to prove, ‘I’m good for it,’” said financial coach Maureen Paley.

    Credit reports are critical to financing many aspects of American life, like owning a home, a car or starting a business. But for the millions of Americans with medical debt, reaching those goals could be harder.

    “Medical debt has been getting in the way of folks getting approved for financing either completely or approved at reasonable terms,” said Paley.

    In early January, in the final days of the Biden administration, the CFPB announced new regulations barring medical debt from credit reports, effective March 17, 2025.

    The CFPB workforce was ordered to stop working by acting director Russ Vought in February after President Donald Trump took office.

    Paley says there’s concern the new rule could be reversed.

    “They could remove that order, which would again be a burden. We would bring the burden back to the consumers and the everyday consumers that incur this medical debt and have a hard time getting out of it,” said Paley. “And, it would benefit those organizations that benefit from people being in those debts.”

    Paley says medical debt is the cause of 60% of bankruptcies. The new regulation could open doors to people struggling with it.

    The change is estimated to raise credit scores by an average of 20 points or so.

    “Twenty points can save you tens of thousands of dollars…A 20-point difference on your credit score could be the difference between you getting financing at an exorbitant high interest cost or one at a more moderate interest cost. It could also be the difference between you getting approved at all,” said Paley.

    The CFPB website is back up and running after a brief shutdown last month coinciding with the stop-work order and the Consumer Complaint Database is still online, but there may be no one available to take those complaints or help.

    Paley has advice for people managing medical debt.

    “One thing I would suggest is call the entity that’s issuing the debt and understand, one, where the debt came from,” said Paley.

    Get the details of the charge and call the provider for “charity care” to try and get the debt reduced. You can also ask them to negotiate the debt.

    Keep in mind, the credit reports of Californians are safe from most medical debt thanks to a law signed last year by Gov. Gavin Newsom. ABC10

  • Europe’s regulatory issues drive MedTech companies to the US

    Europe’s regulatory issues drive MedTech companies to the US

    For years, MedTech firms around the globe (and certainly European companies) introduced their products in Europe, which requires obtaining a CE mark certifying compliance with relevant EU health and safety standards, prior to entering the US market. But more recently, especially with the EU’s implementation of the complex and burdensome Medical Device Regulation (MDR) requirements for obtaining a CE mark for MedTech products, Europe has started losing its status as the preferred MedTech product launchpad.

    International companies have more recently been shifting operations to the US in preparation for launching their products in the region. About 89% of MedTech executives said they will prioritize US regulatory approval, according to a Boston Consulting Group (BCG) and UCLA Biodesign survey.1

    As a result, the world’s largest MedTech market, accounting for roughly 40% of the global MedTech market, will now see MedTech companies entering much earlier in their life cycle. This transition necessitates that companies navigate US-specific regulatory, corporate, and intellectual property regimes at an earlier point in their life cycle than many of their past predecessors. We will explore each of these topics in a series of articles.

    European Regulatory challenges drive MedTech firms to US
    The introduction of MDR in 2021 is likely a key catalyst in driving more MedTech companies to seek device approvals in the US.

    The MDR regulation increases the safety criteria required for medical device regulatory approval, in many cases including new clinical evidence. Devices with software components are subject to particularly rigorous requirements due to potential data privacy risks.

    Companies are required to obtain a certificate confirming that they meet MDR safety requirements before marketing and selling their devices. As feared, the stringent rules have created bottlenecks and delays: more devices are now falling into higher classifications under the MDR, meaning increased data requirements and increased review from Notified Bodies, who are themselves adjusting to an increased volume of work on an increased number of devices under the MDR regime. This all impacts the timeline for certification.

    According to a 2022 survey of MedTech Europe members, the time required for device certification roughly doubled after the MDR regulations took effect. More than 85% of previously certified devices had not received MDR certificates at the time of the survey.

    According to a more recent 2024 MedTech Europe survey, uncertainty around certification timelines persists and costs significantly increased for clinical evaluation, post-market surveillance, and certification.

    Established US Regulatory processes may Lure MedTech companies
    MedTech companies pursuing approval for devices across a range of uses have been increasingly turning to the FDA for initial regulatory approvals. Many end up establishing and growing their operations in the US.

    The preference for the US in part reflects a much more positive view of the US regulatory process compared with more than a decade ago.

    For example, a Stanford University survey of MedTech companies published in 20102 showed only 16% of respondents had excellent or very good experiences with the FDA, compared with 75% in the EU . In comparison, the 2022 BCG/UCLA Biodesign survey indicated a dramatic change. About 62% of surveyed MedTech executives found the FDA approval process for standard medical technology predictable, while only 22% said the same for the EU.

    These data suggest that the steps taken by the FDA designed to expedite the development and approval processes are paying off. The Breakthrough Devices Program, for instance, offers companies enhanced opportunities to gain clarity on regulatory expectations and potentially accelerate their entry into the market. Such measures have positioned the FDA as a more innovation-friendly regulator, particularly for companies developing cutting-edge technologies. Indeed, 79% of the BCG/UCLA Biodesign survey respondents agreed that the FDA has responded well to advances in MedTech innovation over the past decade, while only 13% disagreed.

    The hard data underscores the FDA’s strides towards establishing pathways to get advanced technologies to market.

    The strong market potential and smoother regulatory process will likely continue to draw MedTech companies into the US sooner than anticipated. As a result, many firms will face unfamiliar regulatory, corporate, and intellectual property issues and decisions. We will unpack these topics in more depth in our “MedTech Coming to America” series. JD Supra

  • Champions Trophy: A victorious Indian squad keeps cricket’s windmill turning

    Champions Trophy: A victorious Indian squad keeps cricket’s windmill turning

    Even as they set the stage for the presentation ceremony, in one corner of the Dubai International Stadium turf, Rohit Sharma would stamp the winning stump. The stadium sound system played ‘Jo Jeeta Wahi Sikandar’ in the background which felt more like a metaphorical music overlay over the Indian captain’s action.

    There are those in the cricket community who have attached an asterisk to India’s Champions Trophy triumph for an ‘undeniable advantage’ they enjoyed by playing all their matches at one venue.

    Could the International Cricket Council (ICC) have had it any other way? Hosts Pakistan Cricket Board (PCB) didn’t have a level playing field in mind during their negotiations with the ICC. They were even okay if India agreed to play all their matches in Lahore, on the most batting-friendly pitches of the tournament. Some have suggested India should have been forced to play in varied conditions in UAE, Sharjah as well as Abu Dhabi.

    “Dubai’s preference was obviously with the consent of both the host and the ICC,” Subhan Ahmed, Emirates Cricket Board (ECB), COO said. “In Dubai, it is plug and play. It is very easy. Not that other venues are not available. But the capacity here is such that it can cater to 25,000 people. Other venues do not have the capacity to host big matches.”

    The central theme in big-ticket tournaments is those big tickets. One understands the PCB struck an agreement with the Emirates’ board under which they took home a flat $2 million from gate receipts for India’s matches in Dubai. While the ECB refused to discuss finances, a source estimates they would have made ten times of the PCB, with India’s unbeaten run stretching to five matches lapped up by the Indian diaspora, the biggest expat base in the Emirates.

    Tickets for the Dubai matches were exorbitantly priced with the lowest priced India-Pakistan match ticket worth ₹12,000. Given the appetite for cricket, the premium tickets were worth ₹3.5 lakh. Ticket rates for the India-New Zealand final were similar, with only early bird entrants handed out cheaper tickets. Except for the India-Bangladesh tie, stands were mostly packed.

    “The pricing was set in consultation with both the ICC and hosts. We were reasonably confident that the people would turn up, that people would pay for it,” Ahmed said during the India-New Zealand league tie.

    Soon after India qualified for the final, there were NRIs in London willing to shell out the priciest Dubai airfare, once they secured a match ticket through the resale route. Sponsored super fans took flights to add noise and colour and corporate bookings picked up speed.

    Low-key response in Pak

    In contrast, big cricket’s return to Pakistan after nearly three decades – they hosted 10 of the 15 matches – met with lukewarm response. Surprisingly, even the tournament opener where the host team took on New Zealand saw big chunks of stands vacant in the first half of the game. More people came in towards the evening, but it painted a sorry picture of ODI cricket; people habituated with the T20 format, refusing to queue up for eight hours of cricket, half of it under the baking sun.

    Once Pakistan’s performances became progressively worse, the interest levels around the tournament nosedived in the host country. The New Zealand-South Africa semi-final was played to half-empty stands in Lahore. It looked anything but cricket’s marquee event on the other side of India’s border.

    Those may not have been great optics for the PCB, but they won’t be overly worried. 20.6 crore viewers watched Virat Kohli’s stellar run chase against Pakistan on Indian TV. Indian viewership accounts for 90 percent of ICC revenue and PCB gets to take home 34.5 million every year.

    “It was the second-most watched cricket match, outside of World Cups,” said a tailored press release from the broadcasters.

    Whether the Indo-Pak rivalry was losing sheen or not, the match’s viewership was still 40 times the population of New Zealand.

    Whether there is a pre-match opening ceremony or not, even if there is no all-captain’s get-together, so long as India’s Men in Blue are performing – spinning a web or swinging for sixes – public mood in India remains vibrant. Pictures of fans flashing mobile lights, scrambling for a glimpse of Rohit and Co on their return home after the win were illustrative of the lasting love for cricket in India.

    Not a single journalist travelled from Australia and New Zealand to Dubai for the semi-final and the final, even as Indian media persons filled the press box.

    A report from the Times in UK says The Lord’s has slashed ticket revenue estimates to the extent of 4 million pounds for June’s World Test Championship final after India failed to qualify.

    The Champions Trophy 2025 was a resounding success, only because it was a big Indian party. Rohit’s team simply played to the draw and very well at that. PTI

  • By 2025, global e-commerce sales will reach $4.4T

    By 2025, global e-commerce sales will reach $4.4T

    Online consumer spending is set to reach $4.4 trillion in 2025, with the U.S. contributing $1.4 trillion. By 2029, this figure will surge to $6.6 trillion, with the US accounting for $2 trillion of total online expenditure, according to Omdia.

    The projected growth in online consumer spending outpaces even the expansion of the media and entertainment sector, which is expected to grow from $1.07 trillion in 2025 to $1.3 trillion by 2029. Video content continues to lead this charge, driving 70% of global revenues, with online video (up 13%), cinema (12%), and gaming (7%) seeing the most significant growth in 2025.

    While media and entertainment remain a key growth area, the acceleration of online consumer spending presents the most significant opportunity. Retail media and shoppable TV are driving a transformation in how content, commerce, and advertising intersect, creating new avenues for businesses to capitalize on.

    With digital commerce continuing to expand rapidly, leading retailers are pivoting to adapt. Amazon has surpassed Walmart as the world’s largest retailer, highlighting the e-commerce shift. In response, Walmart has positioned itself as a digital-first powerhouse, making strategic moves like its recent acquisition of Vizio to enhance its digital advertising capabilities and integrate shoppable TV into its offerings. Currently, 20% of Walmart’s revenue comes from digital channels, and this figure is expected to grow significantly as the company invests more in retail media and connected TV (CTV).

    As CTV adoption accelerates, TV operating systems (TV OS) are becoming essential in shaping the future of advertising and commerce. The integration of CTV, TV OS, and retail media is creating seamless pathways from content consumption to purchase, unlocking new revenue streams for broadcasters, advertisers, and retailers alike.

    “Shoppable TV presents a massive opportunity for retailers, advertisers, and content creators. However, challenges remain such as seamless checkout, consumer trust, and platform integration which must be addressed before its full potential is realized,” said Omdia Senior Research Director, Maria Rua Aguete.

    As shoppable TV and retail media continue to mature, the industry will see new partnerships and innovations emerge. The convergence of entertainment and commerce is reshaping the digital media landscape. Companies that successfully integrate CTV, TV OS, and retail media into their strategies will be well-positioned to capture significant market share and drive growth in the next era of digital commerce. Omdia

  • For the 2025 Global Media Summit, India will be geared

    For the 2025 Global Media Summit, India will be geared

    In a pivotal move to enhance international collaboration in the Media and Entertainment sector, the Government of India is set to engage with global stakeholders ahead of the World Audio Visual & Entertainment Summit (WAVES) 2025. Scheduled for March 13, 2025, at Sushma Swaraj Bhawan in New Delhi, this outreach event aims to gather participation for a crucial Global Media Dialogue, leading up to the inaugural WAVES Declaration in Mumbai on May 2, 2025.

    High-Level Participation and Objectives
    The outreach event will feature prominent figures, including Union Minister of External Affairs Dr. S. Jaishankar and Union Minister of Information and Broadcasting, Railways, and MeitY Shri Ashwini Vaishnaw. They will be joined by Union Minister of State for Information and Broadcasting & Parliamentary Affairs Dr. L. Murugan and Maharashtra Chief Minister Shri Devendra Fadnavis. Together, they will emphasize the transformative potential of WAVES as a unified global platform for the rapidly evolving Media and Entertainment sector. The event is expected to attract over 100 ambassadors and high commissioners, highlighting opportunities for collaborative efforts within the industry.

    Global Media Dialogue: Shaping the Future
    The Global Media Dialogue, part of WAVES 2025, aims to unite leaders, policymakers, industry stakeholders, media professionals, and artists to engage in meaningful discussions about the future of the audio-visual and entertainment sectors. Scheduled for May 2, 2025, in Mumbai, the dialogue will focus on fostering international collaboration, technological innovation, and ethical practices. A primary goal is to promote open communication and cooperation among nations to ensure fair and transparent growth in the Media and Entertainment sector.

    Key discussion points will include strategies for enhancing cross-border collaboration and creating a platform for knowledge-sharing. The dialogue will also address the importance of equitable access and growth for all stakeholders in the industry, ensuring that trade practices remain open and fair. By addressing common challenges and opportunities, the Global Media Dialogue aims to foster global harmony within the Media and Entertainment sector.

    WAVES 2025: A Premier Global Event
    WAVES 2025 is set to be a landmark event in the Media and Entertainment industry, taking place from May 1 to May 4, 2025, in Mumbai, Maharashtra. This premier global summit aims to connect India’s Media and Entertainment industry with the international market while simultaneously linking the global industry with India. The event seeks to foster growth, collaboration, and innovation, positioning India as a hub for content creation, intellectual property, and technological advancement.

    WAVES 2025 will feature various dynamic platforms designed to promote collaboration and innovation. The WAVES Bazaar will serve as a marketplace for business partnerships and content acquisition, introducing the first-ever e-bazaar for year-round global content trade. Additionally, the WaveXcelerator will connect startups in the Media and Entertainment sector with investors and mentors through live pitching sessions. The CreatoSphere will provide immersive experiences, including masterclasses, workshops, and a gaming arena, culminating in the WAVES CIC Awards. These initiatives aim to establish WAVES 2025 as a transformative event that drives a unified approach to the global Media and Entertainment industry.

    As the countdown to WAVES 2025 begins, the Government of India is poised to lead the way in fostering international collaboration and innovation within the Media and Entertainment sector. Observervoice

  • UK commits £23 million to foster telecom innovation

    UK commits £23 million to foster telecom innovation

    The UK government is driving innovation with a £23 million investment in telecommunications research. This fund focuses on areas such as 5G, quantum computing, and drone technologies. Technology Secretary Peter Kyle emphasizes its role in strengthening the UK’s leadership in connectivity, stating it would “cement the UK’s leadership in advanced connectivity and support projects delivering real, tangible change for people and businesses across Britain.”

    This funding will benefit seven key projects in UK regions, including Belfast, West Midlands, and Glasgow. Such initiatives aim for regional technological development and economic growth. Notably, £7 million will integrate 5G into businesses and public services, boosting infrastructure and service delivery. The remaining £15 million will go towards AI and cloud computing research, expanding these technologies for wider applications.

    Specifically, the Northeast Combined Authority will receive £1.9 million. This support covers the expansion of smart port solutions and enhances transport efficiency in the region. Moreover, local agriculture will benefit from wireless sensors used for soil and methane monitoring. Such an approach aims to improve automation, sustainability, and technological integration. These efforts seek to position the Northeast as a national hub for 5G innovation.

    Additional support includes £1.3 million to Belfast for the adoption of advanced wireless technologies, and £1 million to West Midlands to enhance Industry 4.0 technologies. These investments endorse the vision of evolving into a technologically advanced UK by 2035. VoiP

  • By 2028, the global IoT sector will be raised past $1.8T

    By 2028, the global IoT sector will be raised past $1.8T

    The global Internet of Things (IoT) market is poised to grow at a compound annual growth rate (CAGR) of 13.5% from $959.6 billion in 2023 to $1.8 trillion in revenue in 2028. This growth is driven by the rise of enterprise applications, enhanced by new technologies like 5G and AI. While IoT presents significant opportunities, challenges such as security concerns and fragmented standards must be addressed to ensure its widespread adoption and success, says GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Internet of Things,” reveals that enterprise IoT will account for 72% of market revenue by 2028, up from 70% in 2023, while the consumer segment will make up 28% in 2028, down from 30% in 2023.

    New terrestrial wireless and satellite technologies will expand IoT connectivity options. Enhanced 5G now supports IoT use cases that demand lower complexity, reduced cost, and decreased power consumption. 5G-satellite non-terrestrial networks (NTN) is a new access technology that will enable devices in very remote locations to upload and download data via satellites. These new access technologies are ideal for devices that require continuous connectivity and extended battery life but do not need the full range of 5G features, such as higher bandwidth and lower latency.

    Artificial intelligence (AI) is increasingly important as an IoT catalyst. Artificial Intelligence of Things (AIoT) involves embedding AI into IoT devices, software, and services. Combining data collected by connected sensors and actuators with AI supports automated operations and predictive maintenance. AI can run in the cloud, on IoT devices directly with some limitations, or on both the cloud and the device.

    William Rojas, Research Director, Strategic Intelligence at GlobalData, comments: ”AIoT technologies in the form of embedded AI acceleration microprocessors, combined with the addition of new wireless access technologies, will act as a further catalyst for IoT adoption across enterprise and consumer sectors. Deployments that might have initially used only one type of IoT sensor are expanding to include a wide range of sensors as the cloud analytics processing capability continues to expand.”

    Security remains a concern for IoT deployments. The fragmented security standards landscape and weak security of many IoT devices could hold back further IoT adoption. Despite the ongoing industry efforts, there are no globally accepted IoT security standards. Many IoT devices have limited computing capacity and cannot run effective security software, leaving them and the networks to which they are connected vulnerable to cyberattacks.

    Rojas concludes: “Unlike other technological methods and tools such as AI, cybersecurity, and cloud computing, IoT is a digital ecosystem consisting of interdependent connectivity and data layers that aggregate, store, and process telemetric, image, and video data from IoT sensors. Embedded AIoT can also play a role in enhancing security at the IoT device level. Where more heavy compute resources are needed with low latency, then edge computing will be the best option.” GlobalData

  • Cloud-based network security solutions rise 18% as hardware falls 2%

    Cloud-based network security solutions rise 18% as hardware falls 2%

    According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Network Security market rebounded significantly in 4Q 2024, growing 9 percent year-over-year (Y/Y). For 2024, the market eclipsed $24 B, with SaaS and virtual-based solutions achieving robust 18 percent growth, offsetting a 2 percent decline in hardware revenue. Hardware revenue is expected to recover with a 5 percent rise in 2025, as enterprises balance cloud-first strategies with traditional hardware investments.

    “The remarkable rise of SaaS and virtual network security solutions has fundamentally reshaped enterprise cybersecurity strategies, creating a dynamic where hardware now trails cloud-based innovation,” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group. “Yet, physical appliances will regain modest momentum, particularly in segments like application delivery and high-performance firewalls, as inventory levels normalize and deferred upgrades resume.”

    Additional highlights from the 4Q 2024 Network Security Quarterly Report:

    • Firewall market revenue grew three percent Y/Y for the full year, propelled by the strong 22 percent growth in virtual firewall solutions amid the increasing adoption of hybrid and cloud environments.
    • The Security Service Edge (SSE) market grew 16 percent year over year for the full year. However, its growth has been decelerating, reflecting 2023 macroeconomic pressures and increasing market maturity.
    • Application Delivery Controllers (ADCs) grew eight percent Y/Y for the full year, bolstered by deferred physical hardware refreshes, despite an ongoing shift toward virtual and cloud-native ADC deployments.
    • Web Application Firewall (WAF) annual revenue increased 19 percent Y/Y, driven by cloud-native deployments and the evolving threat landscape.
    • The Network Security market is forecast to grow 11 percent in 2025, boosted by continued strength in cloud solutions and recovery in hardware spending.

    Dell’Oro

  • USD 101.86B will be the market for clinical trial services

    USD 101.86B will be the market for clinical trial services

    The global clinical trial services market, valued at USD 60.76 billion in 2024, is forecasted to grow at a robust CAGR of 8.9%, reaching USD 66.59 billion in 2025 and an impressive USD 101.86 billion by 2030. Factors such as the growing focus on patient-centric clinical trials such as Decentralized Clinical trials (DCTs) and the increasing number of clinical trials for precision/personalized medicines are supporting the growth of this market. Moreover, the upcoming therapeutic drugs patent cliff is propelling major pharmaceutical companies to heavily invest in R&D and outsource their clinical trial service. Additionally, CROs offer service flexibility which enables sponsors to modify their outsourcing strategies and optimize costs by paying only for required resources and expertise. Additionally, the rise in pediatric clinical trials for various therapeutic drugs and increasing pressure from regulatory bodies to conduct diversified clinical trials offer growth opportunities for CROs offering these specialized services. However, challenges associated with the cybersecurity of patient data and sponsors’ intellectual properties, and patient retention during trials hinder the growth of the market to a certain extent.

    By based on modality, the clinical trial services market is divided into small molecules, biologics, and medical devices. The large share of the small molecules clinical trial segment can be attributed to the established role of these drug modalities in drug development across various therapeutic areas. Small molecules have a high oral bioavailability, making them more convenient for patients compared to biologics. Additionally, pharmaceutical companies continue to invest in small molecule research due to their cost-effectiveness, stability, and ability to target intracellular pathways, maintaining their dominance in clinical trials.

    By on therapy area, the clinical trial services market is segmented into oncology, neurology, infectious diseases, cardiovascular system (CVS) disorders, metabolic disorders/endocrinology, immunological disorders, respiratory disorders, psychiatry, dermatology, hematology, ophthalmology, gastrointestinal diseases, genitourinary & women’s health, and other therapeutic areas. The oncology segment accounted for the largest share of the clinical trial services market by therapy area in 2024. The large share of this segment is attributed to the increase in global cancer cases due to aging populations and lifestyle factors, supported by rising demand for new treatments. For this reason, pharmaceutical companies are increasingly investing and collaborating with CROs to develop advanced oncology drugs. This dominance is expected to continue throughout the forecast period as major players are developing new technologies for better oncology treatment.

    By geography, the clinical trial services market is divided into six regions, North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2024, North America held the largest share of the clinical trial services market, followed by Europe. Aisa Pacific registered the highest CAGR growth within the clinical trial services market during the forecast period owing to its large patient population, high prevalence of chronic and infectious diseases, and increasing focus on developing biologics, biosimilars, and advanced therapies. Global pharmaceutical companies are increasingly relocating manufacturing and clinical research to the region to leverage cost benefits, regulatory advancements, and improved patient retention in trials. Additionally, government support and rising investments in clinical research have further accelerated the outsourcing of clinical trial activities to APAC. MarketsandMarkets