Market for Breathing Machines Alive and Well
The market for “iron lung” machines is estimated at well over $2 billion annually. Of course, the machines are no longer referred to as iron lungs, because the technology has advanced and they’re now called “ventilators.” Several studies have been published during the past year estimating the annual value of the market for ventilators and […]
Blockbuster Vaccine Sales Drive Higher Earnings for Merck
Merck & Co., Inc. reported a strong financial start to 2019, with an eight percent increase in it first-quarter earnings, due partly to vaccine sales. Worldwide sales for the pharmaceutical company in the first quarter reached $10.8 billion, up from approximately $10 billion in the first quarter of 2018. Merck attributed the overall growth to […]
Why Statistical Significance is Killing Science
In 2016, the American Statistical Association1 released an editorial warning against the misuse of statistical significance in interpreting scientific research. Another commentary was recently published in the journal Nature,2 calling for the research community to abandon the concept of statistical significance. Before being published in Nature,3 the article states it was endorsed by more than 800 statisticians and […]
UPS, Merck Plan Pilot Program to Vaccinate Adults at Home
United Parcel Service Inc. (UPS) is considering venturing into the health care industry. According to a Reuters news report, the package delivery firm is preparing to test a service that will dispatch nurses to vaccinate adults in their homes. UPS has not publicly disclosed which vaccines would be offered, but vaccine manufacturer Merck & Co. […]
U.K. Pediatricians Refuse Money from Baby Formula Companies
Story Highlights The United Kingdom’s Royal College of Pediatrics and Child Health (RCPCH) has moved to stop accepting any funds from manufacturers of infant formula. The formula companies have a long history of questionable marketing ploys, particularly targeting poor and uneducated women in developing countries. The benefits of exclusively feeding babies with breast milk for […]
Global Vaccine Market Forecast to Surpass $50 Billion by 2024
The global vaccine market is forecast to reach $50.9 billion by 2024, according to a new study released by Market Study Report of Selbyville, Delaware. This projection would represent an increase of 30.45 percent over today’s vaccines market, estimated at $35.4 billion, or a compound annual growth rate of about 6.2 percent.1 2 The revenue […]