The global medical supplies market is expected to grow from $60.90 billion in 2023 to $122.73 billion by 2031, at a compound annual growth rate of 9.36%, driven by rising disease prevalence, aging populations, increased surgical procedures, and demand for infection control measures. Key challenges include strict regulatory requirements, product recalls, and limited spare parts availability in developing regions. North America, particularly the United States, leads in market growth due to innovation and adoption of cost-efficient solutions, while the Asia-Pacific region is expanding due to population growth, R&D investment, and technological advancement, with China playing a leading role. The market is segmented by type, application, and end-user. Major players include 3M, Abbott, Medtronic, Johnson & Johnson, and others. Recent developments include Cardinal Health's collaboration with URAC to streamline pharmacy accreditation and Medtronic's launch of a new balloon device for eustachian tube treatment.

The Defense Intelligence Agency (DIA) has awarded 16 companies a potential 10-year, $17.1 billion contract to provide military intelligence support to national-security policymakers, defense planners, and warfighters. The contract, known as the Solutions for Intelligence Analysis 3 award, will be executed at multiple sites across the continental U.S. and abroad, with work expected to continue through August 2029.

Booz Allen Hamilton Ventures commits $200M to its corporate venture capital arm, supporting defense tech startups. Carlsmed, an AI-powered spine surgery firm, launches IPO on July 23, 2025, raising $100M at $15/share. Alexandria Real Estate Equities reports Novartis signs 466,000 SFT lease in Sorrento Valley, the largest in their history. Multiple companies move into new offices in San Diego and other locations, with JLL advising on real estate expansions.

This week's cybersecurity news highlights the return of BreachForums, a report on OT/IoT threats, port cybersecurity updates, Microsoft's Authenticator changes, FBI seizure of cryptocurrency from a ransomware group, investigations into a ToolShell exploit leak, new German cybersecurity guidelines, China's concerns over Nvidia chips, Microsoft's defenses against prompt injection, and a Raspberry Pi-based ATM hack attempt.

Palantir, a data analytics firm co-founded by Trump ally Peter Thiel, has expanded its government contracts under the Trump administration, securing over $113 million in federal spending and a $795 million Pentagon contract. The company partners with traditional contractors like Accenture, Deloitte, and Booz Allen to integrate its software into government systems, consolidating its role in federal operations while some contractors face significant contract cuts.