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shankar besta

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High inflation and borrowing costs cloud Norway’s economic outlook for 2023, says GlobalData

Despite the challenges from the energy crisis faced by several European countries, Norway’s economy exhibited strength in 2022, supported by a sharp increase in its hydrocarbon revenue. However, elevated inflation and tighter monetary policies are anticipated to have a negative impact on private consumption, household spending, and investments in the country, potentially resulting in a […]
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Indonesia insurance sector will see increased M&A from new capital requirements regulation, says GlobalData

Indonesia’s proposal to substantially increase the minimum capital requirement (MCR) for insurance and reinsurance companies is expected to result in increased merger and acquisition (M&A) activities, resulting in further consolidation of the country’s insurance industry, which is estimated to grow at a compound annual growth rate (CAGR) of 6.4% from IDR264.8 trillion ($17 billion) in […]
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Diversity in EMR systems driving market growth, but perpetuating data compatibility challenges, says GlobalData

Electronic medical record (EMR) systems have been increasingly adopted by medical practices around the world to improve organization of patient data and fast-track medical billing and reimbursement. EMR systems are well-established globally, with high diversity in companies and platforms. However, despite over 90% adoption in some regions, the ability to share EMR patient data with […]
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APAC health and beauty industry to expand at 4.7% CAGR over 2022–27, forecasts GlobalData

The Asia-Pacific (APAC) health & beauty market is expanding rapidly, propelled by improving macroeconomic conditions, new product launches, a rise in online shopping, and increased manufacturer investment. Moreover, the introduction of new personalized, natural/organic, and multi-functional products will spur market premiumization in the coming years. As a result, the APAC health & beauty market is […]
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Belgium’s economic growth to decelerate to 0.4 % in 2023, forecasts GlobalData

Economic prospects for Belgium remain uncertain as businesses face cost pressures and tighter financial conditions, and the residential construction sector is burdened by high financing costs. Elevated inflation is expected to impact domestic demand, while muted global trade prospects will weigh on its net exports. Against this backdrop, the Belgian economy is projected to grow […]
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GlobalData reveals advancements in diagnostic tools for early detection of Alzheimer’s disease

The month of June holds significance as it is designated as Alzheimer’s and Brain Awareness Month. It is dedicated to raising awareness about Alzheimer’s disease, brain health, and supporting individuals and families affected by this condition. Early detection plays a crucial role in managing the disease and improving patient outcomes. With advancements in medical technology, […]
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Asia to lead global butadiene capacity additions by 2027, says GlobalData

Asia is set to lead the global butadiene industry capacity additions with a share of 65% 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, ‘Butadiene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
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Label extension will help Injectafer continue penetrating IV iron therapy market, says GlobalData

Injectafer recently secured approval in the US for improvement in exercise capacity in adults with symptomatic heart failure (HF).  A significant number of chronic HF patients suffer from iron deficiency, and these patients are either not diagnosed or do not receive adequate treatment for iron deficiency. Injectafer’s approval allows potentially iron-deficient patients to better manage […]
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Israel’s defense acquisition budget surges by 17.1% CAGR during 2019-23, says GlobalData

Israel has demonstrated exceptional resilience in safeguarding its nation and promoting regional stability, in the wake of persistent challenges posed by Hamas, Hazbollah and ongoing Iranian hostilities. Indicating its proactive response against evolving security challenges, Israel’s defense acquisition budget experienced a significant compound annual growth rate (CAGR) of 17.1%, rising from $4.7 billion in 2019 […]
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China to lead LNG regasification pipeline capacity additions in Asia by 2027, says GlobalData

China is set to dominate the liquefied natural gas (LNG) regasification capacity additions in Asia, contributing around 34% of the region’s capacity additions by 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, […]
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GRSE’s multiple key achievements highlight India’s prowess in naval shipbuilding, says GlobalData

Following the news that India’s Garden Reach Shipbuilders & Engineers Ltd (GRSE) launched two indigenous warships and laid the keel for the third warship on 13 June 2023: Harshavardhan Dabbiru, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Hitting multiple milestones on the same day with the launch of the […]
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Cannabinoids hold potential to be future of pain medication and address opioid epidemic, says GlobalData

On May 9, National Fentanyl Awareness Day was observed in recognition of the US opioid crisis. Accordingly, the development of non-opioid painkillers is experiencing a surge in activity, and despite numerous novel targets receiving high levels of attention, cannabinoids have emerged as strong favorites to replace opioid-related medications. As a result, they hold the potential […]
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India to dominate polyvinyl chloride capacity additions in Asia by 2027, says GlobalData

India is set to register the highest polyvinyl chloride capacity additions in Asia, contributing about 49% of the region’s capacity additions by 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Polyvinyl Chloride Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, […]
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Indian Navy’s ambitious next-generation submarine program gathers momentum with MDL-TKMS collaboration, says GlobalData

Following the news that India’s Mazagon Dock Shipbuilders Ltd. (MDL) and German company ThyssenKrupp Marine Systems (TKMS) signed a MoU to cooperate on submarine manufacturing; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “TKMS and MDL are expected to jointly bid for the Indian Navy’s Project-75I program, which […]
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