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Insurance

Consumer interest in alternative insurers declines in UK but threat level remains strong, says GlobalData

Consumer interest in moving towards alternative providers in home insurance has declined in the UK in 2022, which is likely a result of trust eroding in large tech and energy companies. Large tech, energy, or communications companies entering the home insurance market has always been a considerable threat, due to their digital expertise and large […]

Pharma

Jyseleca failure in Crohn’s disease will shift pipeline attention to novel targets, says GlobalData

Galapagos’ Jyseleca (filgotinib maleate), the Janus kinase inhibitor (JAKi) being evaluated as a treatment for adults with moderate to severe Crohn’s Disease (CD), failed to meet its co-primary endpoint. It did not show improvement over placebo in clinical remission and endoscopic response in its two induction studies. The results are expected to shift the attention […]

Oil & Gas

Oil and gas industry overall contract value increased in 2022, reveals GlobalData

The roller coaster ride during the COVID-19 pandemic appears to be coming to an end, with contract activity returning to normal for the global oil and gas industry, despite the ongoing Russia-Ukraine conflict and volatility in crude oil prices. As a result, the oil and gas industry witnessed a year-on-year increase of 3% in overall […]

Automotive

BYD looks to lead APAC automotive battery market with new plant in China, says GlobalData

Following the news that Chinese auto major and battery supplier BYD Auto broke ground on a new battery plant in Wenzhou, Zhejiang province; Gorantala Sravan Kumar, Associate Project Manager – Automotive at GlobalData, offers his view: “As a manufacturer of advanced automotive batteries and electric vehicles (EVs), BYD Auto has been actively expanding its market […]

Insurance

State-owned general insurers in India continue to lose market share to private insurers, says GlobalData

The combined market share of state-owned general insurers in India continues to witness a declining trend, falling from 51.3% in 2017 to 40.8% in 2021* as the insurers see significant losses in the motor and personal accident and health (PA&H) insurance lines, says GlobalData, a leading data, and analytics company. GlobalData’s Insurance Database reveals that […]

Medical Devices

Future of diagnosing and monitoring nonalcoholic fatty liver disease/nonalcoholic steatohepatitis could be noninvasive, says GlobalData

Liver fibrosis is a key characteristic that represents the severity of liver illnesses and is an important factor that helps forecast the progression of liver disorders toward cirrhosis. Although liver biopsies are currently considered to be the gold standard for the diagnosis and histological assessment of nonalcoholic fatty liver disease/nonalcoholic steatohepatitis (NAFLD/NASH), they are not […]

Medical Devices

GlobalData highlights the need for new IVD products for rare diseases

Rare Disease Day, observed on 28 February, highlights the lack of in vitro diagnostic (IVD) tests and therapies for 7,000 diseases affecting 3.5-5.9% of the population worldwide, according to the Rare Disease Day organization. These diseases include Cystic Fibrosis, Turner Syndrome, Gaucher Disease, and Spinal Muscular Atrophy. Of the four diseases, only Cystic Fibrosis has […]

Pharma

Nubeqa approval to boost Bayer’s presence in prostate cancer market in Japan, says GlobalData

Following the news that Bayer’s androgen receptor inhibitor Nubeqa (darolutamide) in combination with androgen deprivation therapy (ADT) and docetaxel has been approved by Japan’s Ministry of Health, Labor and Welfare (MHLW) for use in patients with metastatic prostate cancer; James Donagher, Oncology & Hematology Analyst at GlobalData, offers his view: “Due to Japan’s ageing population, […]

Construction

North America dominates global industrial construction project pipeline, finds GlobalData

North America dominates the global industrial construction project pipeline, accounting for 21.7% or $1.03 billion of the pipeline in Q4 2022, an increase of 5.1% from the previous quarter, says GlobalData. The leading data and analytics company notes “re-shoring” and large-scale stimulus packages in the US have accelerated the pipeline of industrial projects in North […]

Oil & Gas

China to dominate upcoming petrochemical project starts in Asia through 2027, says GlobalData

China is set to dominate the total upcoming petrochemical project starts in Asia, as it is likely to start operations of 410 petrochemical projects from 2023 to 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Petrochemicals New Build and Expansion Projects Analysis by Type, Development Stage, Key Countries, Region and […]

Banking

Spain card payments market to surpass $400 billion in 2026, forecasts GlobalData

The Spanish card payments market is forecast to grow at a compound annual growth rate (CAGR) of 5.7% between 2022 and 2026 to reach EUR354.7 billion ($403.5 billion) in 2026, as the country’s economy recovers from the impact of the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, […]

Banking

India card payments market to grow by 23.6% in 2023, forecasts GlobalData

India’s card payments market is set to grow by 23.6% to reach INR26.9 trillion ($361.6 billion) in 2023, driven by rising consumer spending, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in India registered a strong growth of 26.7% in 2022, supported by improving economic conditions. […]

Banking

Singapore’s PayNow linkage to help position India’s UPI as global payment brand, reveals GlobalData

India has registered a significant acceleration in the digital payments space in the last few years, with Unified Payments Interface (UPI), the country’s instant payment scheme, alone registering a 75.9% growth in 2022 to reach INR126 trillion ($1.5 trillion). Against this backdrop, UPI’s integration with Singapore’s instant payment scheme – PayNow will further expand its […]

Pharma

GlobalData upgrades Pfizer’s COVID-19 vaccine sales forecast to $37 billion in 2022

Pfizer and BioNTech’s COVID-19 vaccine, Comirnaty, witnessed a record demand in 2022 with forecast sales of $37 billion. The vaccine is expected to maintain the sales dominance it saw during the COVID-19 pandemic going into the future, with the average annual sales forecast rising by 19% between H1 and H2 2022, according to GlobalData’s Coronavirus […]

Medical Devices

3D printing in medical devices set to become $4 billion industry by 2026, forecasts GlobalData

3D printing complements traditional manufacturing by offering new opportunities for personalization and small-batch production of complicated parts. In medical devices, this allows for customized devices uniquely suited to patients, improving fit, comfort, and outcomes while reducing the risk of complications. Given its advantages, the medical 3D printing market is forecast to grow from just over […]

Technology

GlobalData Names PaaS Leaders: AWS, IBM, Microsoft, and Red Hat for Platforms that Adapt to New DevOps Concerns

The platform-as-a-service (PaaS) market segment continues to evolve to modernize new and existing apps by leveraging integration/API, intelligent automation, observability/FinOps, and AI/ML, including generative AI chatbots ChatGPT eventually. In its assessment of this marketplace, GlobalData, a leading data and analytics company, says that AWS, IBM, Microsoft, and Red Hat are best positioned to succeed in […]

Medical Devices

Surgical robotics market will reach $30.7 billion by 2030, forecasts GlobalData

Robotics-assisted surgeries have become more popular in the operating room in the last five years, driving the robust growth of the surgical robotics market. Due to higher capital expenditures, the surgical robotics market is more vulnerable during economic recessions compared with other healthcare sectors. Despite this, the market for robotic surgical systems and accessories is […]

Medical Devices

Remote patient monitoring to play crucial role in implantable defibrillator market, says GlobalData

With the increasing global aging population, the incidence of sudden cardiac arrest (SCA) is likely to increase as well. Against this backdrop, remote patient monitoring (RPM) is set to play an essential role in the implantable defibrillator market as it can improve patient outcomes, reduce healthcare costs, and enhance the patient experience, says GlobalData, a […]

Business Fundamentals

APAC deal activity down by 50.5% in January 2023, reveals GlobalData

Most of the key APAC markets registered subdued deal activity All the deal types under coverage also witnessed massive double-digit decline Resultantly, APAC deal activity down 44.9% M-o-M and 50.5% Y-o-Y in January 2023 Akin to the global trend, the Asia-Pacific (APAC) region also experienced a slowdown in deal activity in January 2023. A total […]

Insurance

Insurers facing business interruption claim lawsuits could lose business due to hampered reputations, says GlobalData

Following the news that insurers including Aviva and Liberty Mutual are all being pursued over failing to settle COVID-19-related business interruption (BI) claims; Benjamin Hatton, Associate Insurance Analyst at GlobalData, offers his view: “Business interruption cover is a complex policy, with a crisis such as a coronavirus pandemic highlighting the ambiguity in policy wording that […]

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Consumer interest in alternative insurers declines in UK but threat level remains strong, says GlobalData

Jyseleca failure in Crohn’s disease will shift pipeline attention to novel targets, says GlobalData

Oil and gas industry overall contract value increased in 2022, reveals GlobalData

BYD looks to lead APAC automotive battery market with new plant in China, says GlobalData

State-owned general insurers in India continue to lose market share to private insurers, says GlobalData

Future of diagnosing and monitoring nonalcoholic fatty liver disease/nonalcoholic steatohepatitis could be noninvasive, says GlobalData

GlobalData highlights the need for new IVD products for rare diseases

Nubeqa approval to boost Bayer’s presence in prostate cancer market in Japan, says GlobalData

North America dominates global industrial construction project pipeline, finds GlobalData

China to dominate upcoming petrochemical project starts in Asia through 2027, says GlobalData

Spain card payments market to surpass $400 billion in 2026, forecasts GlobalData

India card payments market to grow by 23.6% in 2023, forecasts GlobalData

Singapore’s PayNow linkage to help position India’s UPI as global payment brand, reveals GlobalData

GlobalData upgrades Pfizer’s COVID-19 vaccine sales forecast to $37 billion in 2022

3D printing in medical devices set to become $4 billion industry by 2026, forecasts GlobalData

GlobalData Names PaaS Leaders: AWS, IBM, Microsoft, and Red Hat for Platforms that Adapt to New DevOps Concerns

Surgical robotics market will reach $30.7 billion by 2030, forecasts GlobalData

Remote patient monitoring to play crucial role in implantable defibrillator market, says GlobalData

APAC deal activity down by 50.5% in January 2023, reveals GlobalData

Insurers facing business interruption claim lawsuits could lose business due to hampered reputations, says GlobalData

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