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Peru’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.4% from PEN9.1 billion ($2.3 billion) in 2022 to PEN13.1 billion ($3.3 billion) in 2027, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the general insurance industry […]
Bristol Myers Squibb’s Sotyktu for psoriasis to see $2.9bn in sales by 2029, forecasts GlobalData
Bristol Myers Squibb (BMS) recently announced the European Commission approval for Sotyktu (deucravacitinib), its first-in-class, selective, allosteric tyrosine kinase 2 (TYK2) inhibitor for adults with moderate-to-severe plaque psoriasis (PsO). Representing a new class of small molecules with a unique mechanism of action, Sotyktu is set to become a blockbuster for the treatment of PsO with […]
GlobalData reveals top ten banking and financial institutions driving social media conversations surrounding banking crisis
The ongoing banking crisis is the consequence of a dramatic increase in interest rates by central banks, particularly those in the economies of the US and the UK, in an endeavor to control inflation. Against this backdrop, GlobalData’s Social Media Analytics Platform reveals the list of top 10 banking and financial institutions that were most […]
Reopening measures to support China’s economic rebound in 2023, forecasts GlobalData
The lifting of ‘Zero-COVID Policy’ in December 2022 is expected to drive domestic demand and accelerate economic activities in China. Coupled with this, the stable political leadership transition and institutional reforms are positive developments that could help ensure policy continuity and stability. Against this backdrop, GlobalData, a leading data and analytics company forecasts China’s economic […]
IVD market to see significant drop in sales as COVID-19 emergency ends, says GlobalData
The World Health Organization (WHO) announced on May 5 that COVID-19 is no longer a global emergency. This comes as a relief to the public, but for many medical device companies that have made billions off the pandemic through tests and pharmaceuticals, the end of the pandemic will further affect decreasing sales, says GlobalData, a […]
Global Foundries to release earnings today. Can it regain Analyst sentiment from the 2% dip in previous earnings call?
GlobalFoundries Inc is scheduled to release its Q1 earnings on 9 May 2023. Its analyst sentiment for Q1 2023 was down 2% over Q4 2022 due to the negativity around Capex, materials, energy, labor costs, and inflation, reveals GlobalData, a leading data and analytics company. Summary for earnings call transcript released in Q1 2023: Analyst […]
Mentions of alternative propulsion increase significantly in company filings in Q1 2023, says GlobalData
The shift towards sustainable and eco-friendly transportation options has led to an increase in the adoption of different forms of alternative propulsion. Against this backdrop, alternative propulsions have become a more prominent topic of discussion in company filing documents in Q1 2023, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s […]
Global M&A deal value plunges by 44% in Q1 2023, reveals GlobalData
The total value of global mergers and acquisitions (M&A) deals declined sharply by 44% to $413 billion in Q1 2023 from $744 billion in Q1 2022, as a spike in inflation and rising interest rates led to concerns over a global economic slowdown, according to the latest M&A report from GlobalData, a leading data and […]
Unipath’s homologous recombination deficiency gene panel to advance cancer genomics in India, says GlobalData
Indian firm Unipath Specialty Laboratory Limited (Unipath) recently launched a homologous recombination deficiency (HRD) gene testing panel using SOPHiA GENETICS technology. The collaboration of Sophia Genetics SA and Unipath will not only advance cancer research in India but also increase access to data-driven treatment options for cancer patients, says GlobalData, a leading data and analytics […]
Asia to lead global polyvinyl chloride capacity additions by 2027, says GlobalData
Asia is set to lead the global polyvinyl chloride industry capacity additions with a share of 70% 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, ‘Polyvinyl Chloride Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and […]
China low-calorie soft drinks market growing at higher rate compared to mature markets, finds GlobalData
As Chinese consumers are more focused on healthier beverages compared to their US counterparts, the country is witnessing a significant rise in consumer low-calorie soft drinks, Low-calorie soft drinks volumes increased at a triple-digit rate in China between 2019-2022, while the volumes grew by only 10% in the US, finds GlobalData, a leading data and […]
Oil and gas industry overall contract value plunges by 48% in Q1 2023, reveals GlobalData
With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease of 48% in Q1 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Industry Contracts Analytics […]
US banking sector to enter consolidation phase with recent collapses, says GlobalData
Following the news that First Republic Bank became the third US bank to collapse in recent months; Murthy Grandhi, Analyst at GlobalData, a leading data and analytics company, offers his view: “The US is currently grappling with the dual challenges of elevated inflation and regional banking crises, causing concerns among investors. These could potentially trigger […]
China will continue to lead midstream project starts in Asia through 2027, says GlobalData
China is likely to witness the start of operations of 89 midstream oil and gas projects from 2023 to 2027, accounting for 22% of the total upcoming midstream project starts in Asia by 2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Oil and Gas Midstream New Build and Expansion Projects Analysis […]
5G will account for nearly half of total mobile subscriptions worldwide by 2027, says GlobalData
In China, 5G penetration will rise from 86% at the end of 2022 to 154% by 2027 5G still needs a compelling use case for the mass market It is becoming a primary access service for enterprises 5G is at the core of the trade war between the US and China 5G mobile subscriptions […]
Brexit and COVID-19 caused greatest negative impact on UK healthcare sector, finds GlobalData
While some believed that leaving the EU would bring opportunities for the UK and its life sciences sector, three years on since the UK departed from the EU, Brexit and COVID-19 were highlighted as the events having the most negative impact on the UK healthcare sector, in a survey conducted by GlobalData, a leading data […]
Global construction industry growth will remain sluggish in 2023, forecasts GlobalData
The global construction industry’s growth is forecast to remain sluggish in 2023, expanding by just 0.8%. Excluding China, the industry will contract by 0.1%, due to the weak economic backdrop and additional challenges specific to the global construction industry, notably high construction material costs and labor shortages, says GlobalData, a leading data and analytics company. […]
Sky’s smart home insurance product will modernize UK market, says GlobalData
Following the news that Sky has launched a home insurance product that uses smart home devices into the UK market; Benjamin Hatton, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Sky’s smart home insurance policy could change the UK home insurance market with its high level of smart technology integration. […]
Favorable regulatory measures to drive growth in Indian general insurance industry in 2023, says GlobalData
The general insurance industry in India is forecast to grow by 11.4% in 2023 in terms of gross written premiums (GWP), supported by strong economic growth, favorable regulatory developments, and rapid digitalization in the industry, according to GlobalData, a leading data, and analytics company. According to GlobalData, India’s general insurance industry will grow at a […]
Suntory PepsiCo kicks off 100% recycled PET revolution in Thailand, says GlobalData
Suntory PepsiCo Beverage became the first soft drinks company to launch 100% recycled Polyethylene Terephthalate (PET) or rPET bottles in Thailand in April 2023. With this move, the company has kicked off the rPET packaging and bottle-to-bottle recycling movement in Thailand, as other multinational and domestic beverage companies are expected to follow suit. Circular economies […]