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In the ever-evolving landscape of oncology, small-molecule drugs are carving a significant niche in lung cancer treatment. In 2015, AstraZeneca’s Tagrisso achieved landmark approval from the FDA following the results of the Phase III AURA trial. This approval marked a significant advancement in the treatment of metastatic EGFR T790M mutation-positive non-small cell lung cancer (NSCLC). […]
South Korea likely to increase spending on border surveillance assets over next few years, says GlobalData
Following the news that South Korea is considering suspension of the previously agreed-upon border truce with North Korea; Harshavardhan Dabbiru, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “In the wake of the surprise coordinated attacks and infiltrations by Hamas in Israel, South Korea is mulling the suspension of the […]
Seasonal influenza vaccinated population to reach 284 million by 2032 in 7MM, says GlobalData
The seasonal influenza-vaccinated population in the seven major markets (7MM*) is projected to increase from 270 million in 2022 to 284 million in 2032, with an annual growth rate (AGR) of 0.5%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Seasonal Influenza Vaccines: Epidemiology Forecast to 2032,” estimates that in 2032, […]
Alvotech’s AVT05 emerges as leading contender for Simponi biosimilar in rheumatoid arthritis, says GlobalData
The patent for Janssen’s second-generation, tumour necrosis factor-alpha (TNF)-a inhibitor Simponi (golimumab), is scheduled to expire in 2024 and in 2025 in the US and EU, respectively. As patent expiration approaches, strategic activity within this space indicates that the landscape is shifting. In May 2023, Alvotech and Advanz Pharma announced an extended strategic partnership with […]
FIBA Men’s Basketball World Cup 2023 generates $81.85 million in sponsorship revenue, says GlobalData
The 2023 FIBA Men’s Basketball World Cup set a record for the most-attended World Cup game in a tournament’s history, breaking the previous record set in 1994. This was accompanied by great support for this year’s tournament, with 10 global partners, including Nike and Wanda Group, who are long-term partners of FIBA. The tournament generated […]
China to dominate methylene diphenyl diisocyanate capacity additions in Asia by 2027, forecasts GlobalData
China is set to register the highest methylene diphenyl diisocyanate (MDI) capacity additions in Asia, contributing about 80% of the region’s capacity additions by 2027, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Methylene Diphenyl Diisocyanate (MDI) Industry Capacity and Capital Expenditure with Details of All Active and Planned Plants,” reveals that […]
Indonesia defense expenditure to reach $9.7 billion by 2028, forecasts GlobalData
With a total defense budget of $8.8 billion in 2023, Indonesia presently ranks as the second-highest military spender after Singapore in the Southeast Asia region. Driven by ongoing defense modernization initiatives, the country’s defense expenditure is forecast to reach $9.7 billion by 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
Nanotechnology is orchestrating next industrial revolution, says GlobalData
Nanotechnology is making big waves in tech innovation, opening new opportunities in various industries like healthcare, agriculture, and aerospace. It’s changing how we manage supply chains, develop products, and lead sustainability efforts across different industries. GlobalData, a leader in data and analytics, sees nanotechnology as a key player in shaping a future where innovative and […]
US space sustainability legislation begins to shape activity in space industry, says GlobalData
Following the news that the US government has issued a $150,000 dollar fine to Dish Network for leaving space debris in orbit; James Marques, Associate Defense Analyst at GlobalData, offers his view: “One organization’s space debris is everyone’s problem. Collisions and interference from debris can have expensive and dangerous consequences that transcend national boundaries. As […]
Global ecommerce market will be worth $9.3 trillion by 2027, forecasts GlobalData
The global ecommerce market is being democratized by ecommerce as a service companies, like Shopify, and marketplaces, like Amazon and Alibaba, that allow anyone to become a merchant. Alongside this, improved technology, new delivery services, and wider internet adoption will help the global value of ecommerce transactions hit $9.3 trillion by 2027, growing at a […]
Splunk deal to allow Cisco to reduce dependency on hardware business, says GlobalData
Cisco has a strong position in computer networking, but its growth has stalled due to both the weakness of its telecom operator customers as well as the shift of enterprise IT to the public cloud, where it enjoys a less dominant position than in the traditional enterprise. Against this backdrop, the $28 billion acquisition of […]
Dame Sharon White to part ways with John Lewis Partnership after a challenging tenure, says GlobalData
Following the news of Dame Sharon White’s planned departure from John Lewis Partnership. Zoe Mills, Lead Retail Analyst at GlobalData, comments: “Dame Sharon White has been at the helm of the John Lewis Partnership during an exceedingly rocky period. She has faced unprecedented challenges, namely the global pandemic, and the cost-of-living crisis. Indeed, while she […]
Secondhand back to school options appeal to shoppers looking to spend less in 2023, says GlobalData
As consumer finances continued to be under pressure amid high inflation in essential sectors such as food & grocery, purchasing secondhand has been a solution for many in the UK this year, according to new research from GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Back to School UK survey, 73.4% of […]
GlobalData report highlights staggering economic costs for Iowa of $5.7 billion due to obesity
Obesity and overweight are estimated to have caused a staggering $5.7 billion reduction in Iowa’s economy in 2022, equivalent to 2.5% of the state’s gross domestic product, according to a report released by GlobalData Plc, a leading data and analytics company. GlobalData’s report, ‘Obesity’s Impact on Iowa’s Economy and Labor Force,’ analyzes the economic and […]
Consumers look to B&M to fill Wilko’s shoes following discounter’s collapse, says GlobalData
The closure of Wilko and B&M’s subsequent takeover of 51 of its stores will lead to significant further market share gains for B&M, with GlobalData’s September UK survey* finding that consumers consistently named the discounter when asked where they would shop instead in the event of Wilko’s demise, according to GlobalData, a leading data and […]
APAC liability insurance industry to surpass $61bn by 2027, forecasts GlobalData
The liability insurance industry in the Asia-Pacific (APAC) region is projected to grow from $39.4bn in 2023 to $61.7bn in 2027, in terms of written premiums, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Liability Insurance Market Trends And Analysis By Region, Line Of Business, Competitive Landscape And Forecast To 2027‘, […]
APAC food and beverage brands can leverage throwback marketing amid turbulent times, says GlobalData
Asia-Pacific (APAC) food and beverage brands are banking on retro and vintage-themed product recipes, packaging, and marketing content to stoke consumer nostalgia. Such throwback marketing strategies can appeal to consumers in light of the growing apprehensions due to geopolitical tensions, climate change, the cost-of-living crisis, and economic uncertainty. For instance, 57% of APAC respondents said […]
Asia to lead global methylene diphenyl diisocyanate capacity additions by 2027, says GlobalData
Asia is set to lead the global methylene diphenyl diisocyanate (MDI) industry capacity additions with a share of 74% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Methylene Diphenyl Diisocyanate (MDI) Industry Capacity And Capital Expenditure With […]
Gulf state investment in European telcos shows no slow down, finds GlobalData
Global mergers & acquisitions (M&A) activity in the technology, media, and telecom (TMT) segment has been increasing since 2018, with trends reversing in 2022. Total global M&A deal value dropped 39% in 2022 to $754 billion, compared to $1.1 trillion in the previous year. Deal volume reached 612 deals in 2022, down 39% from 2021. […]
Europe witnesses improved investor risk in Q2 2023, but challenges linger, says GlobalData
Europe exhibited impressive economic resilience in Q2 2023, despite notable challenges. Both the Euro Area and the European Union (EU) registered annual expansion of 0.6% and 0.5%, respectively, during the quarter. This positive performance led to a slight decrease in the region’s risk score from 32.9 in Q1 2023 to 32.6 in the Q2 2023 […]