Feb 06, 2025

Hey there! I have some exciting healthcare news to share with you. In the APAC region, the physiotherapy equipment market is projected to experience tremendous growth, with a global market value of $21.90 billion in 2024. India has announced the full exemption of 36 ‘life-saving’ drugs from basic customs duty, a move that will greatly benefit patients. Additionally, Australia has allocated $12.2 million to fund childhood brain cancer research, including the establishment of a clinical trial consortium.

On another note, the interventional oncology market is expected to reach a value of $4.24 billion by 2029, driven by the increasing burden of cancer. Aster DM Healthcare’s CSR arm has also launched mobile medical units in Gujarat, equipped with consultation rooms and health education resources. In Australia, the pharmaceutical market is set to see a 6% five-year CAGR growth, challenging pharmaceutical firms with government measures.

In the US, there have been recent developments regarding healthcare leadership. Robert F. Kennedy Jr. is one step closer to leading the HHS, with his nomination clearing the Senate Finance Committee. Additionally, Michael Kratsios has been appointed as the science adviser and director of the Office of Science and Technology Policy, earning positive reviews for his background in technology and venture capital.

Another significant news is the resumption of NIH study sections to review grant applications, following a pause by the Trump administration. This is crucial for advancing research and improving human health. Meanwhile, a national physicians group has sued the Trump administration for removing thousands of pages of health data from federal websites, claiming it deprived clinicians and researchers of essential tools.

Overall, these developments in the healthcare industry reflect a commitment to innovation, research, and improving patient care. Stay tuned for more updates on the latest advancements in healthcare. Wishing you a healthy and vibrant day ahead!

Summy

Stay Well!