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In vitro diagnostics (IVD) is driving a new age shift in healthcare, fueled by advances in medical technology (medtech). These innovations are revolutionizing how diseases are detected, monitored, and managed. At the recent AdvaMed’s MedTech Conference in Toronto, digital and artificial intelligence (AI) integration, point-of-care (POC) testing, and novel biomarkers were emphasized as important tools […]
France defense expenditure to reach $67.8 billion in 2029, forecasts GlobalData
In July 2023, France outlined its defense spending plans for the next six years in the Military Planning Law (LPM) 2024-30, expanding the modernization initiatives kickstarted by LPM 2019-25 to reflect evolving geostrategic dynamics and better incorporate emerging technologies, including unmanned and space-based assets. Against this backdrop, France is expected to increase defense spending from […]
Tech startups well placed to proliferate in Africa as digitalization enables growth in greenfield projects, says GlobalData
With digitalization as a key enabler of organic growth in greenfield projects in Africa, technology startups are well placed to capitalize on the desire of larger and established corporations wanting to move into various enterprise technologies in the region, according to research conducted by GlobalData, a leading data and analytics company. Recent tie ups – […]
China’s medtech market growth to exceed global average over 2023-33 despite headwinds, says GlobalData
Prominent medical technology market experts who gathered at the MedTech Conference 2024, which was held recently in Toronto, Canada, expressed an optimistic outlook for the future of the medical devices market in China. While the global medical devices market is forecast to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to […]
Asthma crisis in US marginalized communities from redlining requires more than just healthcare interventions, says GlobalData
Decades after the discriminatory practice of redlining was banned in the US, its lasting impact is still driving significant health disparities, particularly in asthma prevalence, according to recent studies. These findings highlight how the combination of poor housing conditions and environmental pollutants in historically redlined neighborhoods continues to fuel the asthma crisis, particularly among children. […]
APAC automotive seating market to record 2.4% CAGR over 2024–29, forecasts GlobalData
Automotive manufacturers are increasingly exploring different seat cushion materials that offer enhanced durability and user comfort. Furthermore, with the rise of electric vehicles (EVs), autonomous driving technology, and the increasing demand for customization and luxury features, automotive seating has become a hotbed for innovation and technological advancements. Asia, being the automotive hub globally, has been […]
World Stroke Day: Expanding treatment eligibility and access essential to improve stroke outcomes, says GlobalData
World Stroke Day, which is observed on October 29 annually, highlights the urgent need for improved stroke care and prevention. Stroke, a leading cause of death and long-term disability, affects millions each year, with only a small percentage making a full recovery. Improved public awareness, advancements in imaging technology, and treatment innovations such as thrombectomy, […]
Rise in chronic diseases from ultra-processed food highlights need for urgent policy intervention in India, says GlobalData
Health experts are raising concerns about the rising consumption of ultra-processed foods, which is being linked to a surge in chronic diseases such as diabetes, cardiovascular disease, and obesity in India. As the Indian food landscape becomes more reliant on convenience products, the negative health impacts of highly processed food are becoming increasingly evident, highlighting […]
Cardiovascular benefits could increase Rybelsus’ competitiveness over other oral GLP-1RAs, says GlobalData
Novo Nordisk’s oral semaglutide, marketed as Rybelsus for type 2 diabetes, has not gained much presence in the GLP-1 receptor agonists (GLP-1RAs) market despite its approval in 2019, as its injectable alternatives prove to have higher efficacy and results both in diabetes and obesity patients. However, the market for oral GLP-1RAs is expanding, and Rybelsus’ […]
GlobalData finds companies across sectors posting jobs around chain of thought prompting
Chain of thought (CoT) prompting is a technique that enhances the capabilities of large language models (LLMs) by guiding them through a structured thought process. With the increasing demand for advanced AI applications, several job opportunities are emerging in this field. Against this backdrop, companies across sectors are seen posting jobs related to chain of […]
South Korea insurance industry to surpass $191 billion by 2029, forecasts GlobalData
South Korea’s insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 3.4% from KRW 218.3 trillion ($167.1 billion) in 2025 to KRW 249.7 trillion ($191.2 billion) in 2029, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the […]
Indian startups see over 50% YoY rise in VC funding to $8.3 billion during Q1-Q3 2024, reveals GlobalData
A total of 883 venture capital (VC) funding deals with total disclosed funding value of $8.3 billion were announced in India during January to September (Q1-Q3) 2024. This marks a year-on-year (YoY) improvement of 7.3% in deal volume, while the growth in funding value stood massively high at 50.4%, according to GlobalData, a leading data […]
India vehicle automatic transmission market to reach 0.7 million units by 2029, forecasts GlobalData
Automatic transmission technology in the automotive industry is advancing swiftly, emphasizing improved driving comfort, fuel efficiency, and performance. In India, the rising demand for vehicles with automatic transmissions is fueled by shifting consumer preferences and technological progress. The volume of the automatic transmission market is projected to increase steadily over the next decade, reaching 709.8 thousand […]
AI-powered drone swarms transform industries beyond defense, reveals GlobalData’s Technology Foresights
While drone swarms have been an area of technological development for many years, their practical applications have only recently gained significant momentum, particularly following increased attention during the Russia-Ukraine war, as reflected in Google search trends. The rapid advancement in AI technologies has further accelerated drone swarm control capabilities, enabling the integration of computer vision […]
UK non-food online penetration set to improve for first time since COVID-19 pandemic, says GlobalData
The UK non-food online market is set to grow by 2.9% to reach £106m in 2024, with online penetration forecast to climb to 39%, marking an improvement for the first time since the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData anticipates the non-food online market growth will outpace the total […]
AI integration in medtech could unlock efficiency and enhance patient care, says GlobalData
At the 2024 MedTech Conference in Toronto, Canada, a central theme emerged in discussions on the future of healthcare delivery: the integration of artificial intelligence (AI) to optimize operations and improve patient outcomes. The integration of AI is poised to transform how healthcare professionals work, potentially alleviating physician burnout and creating a more patient-centric experience, […]
IKEA, Argos and John Lewis set to benefit from furniture’s recovery in Q4 2024, says GlobalData
The UK furniture and floorcoverings market is set to return to growth in Q4 2024 after six quarters of decline as the October Budget should remove a dampener on consumer confidence, and the 10.9% uplift in housing transactions between April and August 2024 and real wage growth filter through. This presents an opportunity for retailers […]
Olympic medallist Fitzpatrick’s journey with atrial fibrillation showcases medtech’s role in sports cardiology, says GlobalData
The 2024 MedTech Conference in Toronto, Canada, featured a compelling patient story from Olympic medallist Connor Fitzpatrick, who recounted his battle with atrial fibrillation (AFib) as a young and highly athletic individual. Involving a permanent treatment with cardiac ablation, his journey with AFib highlights the role of medical technology in sports cardiology, says GlobalData, a […]
Skechers’ ad strategy in Q3 2024 combines comfort, style, and inclusivity to strengthen brand appeal, reveals GlobalData
The advertising strategy of Skechers USA Inc (Skechers) during the third quarter (Q3) of 2024 (01 July to 30 September) effectively targeted a diverse audience, focusing on comfort, style, and innovation across its various product lines. The brand successfully utilized celebrity endorsements, showcased technological advancements, and embraced inclusivity to connect with consumers on an emotional […]
Lilly’s donanemab could bring new hope to Alzheimer’s patients in Australia following lecanemab rejection, says GlobalData
Australia’s Therapeutic Goods Administration (TGA) has recently decided not to register lecanemab (Leqembi) for patients with mild cognitive impairment (MCI) or mild dementia of Alzheimer’s disease (AD). Despite lecanemab demonstrating slowing of disease progression in pivotal trials, concerns about its safety profile have led to TGA’s decision. Against this backdrop, Eli Lilly’s donanemab that has been […]