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Annual revenues of US subscription video on demand (SVoD) services will nearly equal those of traditional pay TV in 2027, marking a critical tipping point in the ongoing decline of cable TV, IPTV, and satellite TV services as over-the-top video streaming rises to dominate the media landscape. Revenues from SVoD services such as Netflix, Amazon […]
Lantern Pharma’s AI algorithms to assess blood-brain-barrier permeability to boost drug development, says GlobalData
As the pandemic has continued to impact the world, there has been a growing focus on the importance of developing new treatments for a range of diseases, including those affecting the brain. Lantern Pharma, a clinical-stage biopharmaceutical company, has developed artificial intelligence (AI) algorithms that can predict the blood-brain-barrier permeability of any compound. Lantern Pharma’s […]
Fear of AI and GenAI behind EU’s record $1.3 billion Meta fine, says GlobalData
The European Union (EU) recently handed Meta, the owner of the Facebook social media platform, the largest data privacy fine on record, a EUR 1.2 billion ($1.29 billion) penalty for failing to properly safeguard European Facebook users’ data stored and processed in US data centers. The EU penalty is driven by concerns over artificial intelligence […]
Asia to lead global ethylene capacity additions by 2027, says GlobalData
Asia is expected to lead the global ethylene industry capacity additions with a share of 54.8% 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, ‘Ethylene Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries Including […]
ASOS’ partnership with Hirestreet will help boost its sustainability credentials
Following this week’s news that ASOS has partnered with rental platform Hirestreet; Alice Price, Apparel Analyst at GlobalData, offers her view: “ASOS’ rental partnership with Hirestreet is a smart move for the fashion giant, as its expansive occasionwear offering is unrivalled, making it a strong candidate to win within the rental market. Amidst a challenging […]
Parkinson’s unmet needs present significant opportunity for new entrants, says GlobalData
Parkinson’s Disease (PD) is a complex, multi-system neurodegenerative disorder that affects movement control. Current treatments focus on the management of dopamine levels in the brain, with levodopa-based therapies remaining the standard of care in the PD market for the past half century. However, the effectiveness of levodopa declines with time, and both motor and non-motor […]
New study findings hold potential for new treatment option to prevent stroke in AF patients, says GlobalData
At the 2023 annual congress of the European Heart Rhythm Association (EHRA 2023), new real-world data was presented by researchers from Hong Kong, demonstrating that the risk of strokes was lower in atrial fibrillation (AF) patients who had been using statins within a year of their diagnosis. While the benefit of statins in AF patients […]
Reliance Jio, Tesla deal will boost India’s 5G ecosystem, says GlobalData
Following the news that India’s largest telecom operator Reliance Jio is reportedly in talks with Tesla to set up a private 5G network for Tesla’s proposed manufacturing plant in India; Shri Charan Padala, Principal Analyst, Thematic Intelligence at GlobalData, offers his view: “The deal between Reliance Jio and Tesla is a “win-win” for both companies […]
Global cyber insurance market to reach $33.4 billion in 2027, says GlobalData
The global cyber insurance market registered significant growth in 2020 and 2021 largely due to substantially raised premiums. The increased frequency and severity of cyberattacks, coupled with the global shift to remote working in the wake of the pandemic, caused insurers to hike prices. Against this backdrop, the global cyber insurance market is forecast to […]
Tibsovo’s EU approval game changer for patients with acute myeloid leukemia and bile duct cancer in Europe, says Globaldata
Servier Pharmaceuticals recently announced the European Commission (EC) approval of Tibsovo (ivosidenib), as a targeted therapy in two difficult-to-treat oncology indications, acute myeloid leukemia (AML) and advanced cholangiocarcinoma. This marks the first IDH1 inhibitor approved in Europe and will be a game changer for patients with AML and cholangiocarcinoma in Europe, as Tibsovo addresses the […]
Global military fixed-wing aircraft market to reach $110.6 billion in 2033, forecasts GlobalData
Recent developments in the fields of stealth, speed, connectivity, electronic warfare, and communication have led to an increased focus on developing new aircraft capable of operating in a network-centric battlefield. To meet this demand, emerging militaries like India, Turkey, and Indonesia are focusing on indigenization through a variety of means, such as technology transfer agreements, […]
Immatics’ IMA203 clinical data to boost TCR-T therapy development in solid tumour, says GlobalData
Immunotherapy-focused biotech Immatics recently announced encouraging interim clinical data from one of the three cohorts of its Phase Ib trial evaluating its leading T-cell receptor-based T-cell (TCR-T) therapy candidate, IMA203. The positive data represents considerable progress in the development of adoptive cell therapies (ACTs) for the treatment of solid cancers, says GlobalData, a leading data […]
Singapore property insurers will remain profitable in 2023 with adequate reinsurance coverage, says GlobalData
The Singapore property insurers are expected to remain profitable in 2023 due to disciplined underwriting, adequate reinsurance coverage, and growing premiums from compulsory fire insurance, says GlobalData, a leading data and analytics company. According to GlobalData, Singapore’s property insurance industry, in terms of gross written premiums, is projected to grow at a compound annual growth […]
Extended lockdowns in China weigh on revenue growth of top APAC banks in 2022, says GlobalData
The revenue growth of top Asia- Pacific (APAC) banks was impacted by extended lockdowns and the real estate crisis in China. In addition, the banks faced challenges from high inflation, interest rate hikes, and geopolitical issues. As a result, the aggregate revenue of the top 20 APAC banks increased by 4% to $1.6 trillion in […]
Sea trials of sixth Kalvari-class submarine to boost India’s self-reliance in building maritime capabilities, says GlobalData
Following the news that the sixth submarine of the Kalvari-class has commenced sea trials; Kandlikar Venkatesh, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The commencement of sea trials for the sixth Kalvari-class submarine marks a significant milestone, as it moves closer to its induction into the Indian Navy. With […]
Malaysia life insurance industry to surpass $15.9 billion by 2027, forecasts GlobalData
The Malaysian life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 5.2% from MYR57.5 billion ($13.1 billion) in 2023 to MYR70.3 billion ($15.9 billion) in 2027, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. According to GlobalData, Malaysia’s life insurance industry […]
Indra’s Lanza-N radars will allow Indian Navy to upgrade sensor suite of main surface combatants, says GlobalData
Following the news that Spain’s Indra and TATA Advanced Systems Limited (TASL) have initiated the installation of the first of the 23 Lanza-N radars for the Indian Navy; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The Lanza-N radars are expected to augment the Indian Navy’s surveillance and […]
Competition for therapies targeting folate receptor alpha expected to intensify, says GlobalData
Global market for FRα-targeted therapy in cancer is expected to increase from $3 million in 2022 to $921 million in 2029, with a CAGR of 126.7% ImmunoGen’s Elahere is at the forefront of the race in terms of development and is the only FRα therapy approved in the oncology field The increasing competition in this […]
Cost of disease-modifying therapies for multiple sclerosis continues to rise in US, finds GlobalData
The cost of disease-modifying therapies (DMTs) for multiple sclerosis (MS) patients in the US has increased since 2020, placing an increasing financial strain on patients, their families, and the healthcare system, says GlobalData, a leading data and analytics company. According to GlobalData’s recent ‘Multiple Sclerosis: Seven-Market Drug Forecast and Market Analysis to 2030 – Update’ […]
Farxiga’s expanded approval highlights potential to differentiate in HF space, says GlobalData
Farxiga’s (dapagliflozin) recent approvals will help a broader range of patients with heart failure (HF) in the US. Resultantly, AstraZeneca is expected to see a significant boost in its revenues. Farxiga is expected to have such a strong influence on the market due to the impressive results and valuable evidence seen in recent trials. The […]