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September is observed as Pulmonary Fibrosis (PF) Awareness Month every year to bring awareness to a disease in which the lungs become scarred. PF can lead to progressive decline in lung function, and idiopathic pulmonary fibrosis (IPF) is a type of PF with no known cause or cure. IPF affects approximately 128,000 people in the […]
Takeda and Astellas key firms in advancing early gene therapy research in Japan, reveals GlobalData
The gene therapy research in Japan has gained significant momentum due to the SAKIGAKE designation system and government-led initiatives like the “Project for Regenerative/Cellular Medicine and Gene Therapies” to accelerate research and development (R&D) to create new technologies for gene/cell therapy. In advancing early gene therapy research in Japan, Takeda and Astellas currently stand as […]
Spain defense budget set to reach 2% GDP target by early 2030s, says GlobalData
Spain’s political divisions are a major challenge to its long-term defense spending increases and acquisition programs. The Spanish government’s original goal was to reach NATO’s 2% spending target before 2030. While this is unlikely, at the current rate of growth, Spain’s defense budget is projected to rise to 1.54% of GDP by 2029, up significantly […]
Asia to account for entire global polycarbonate capacity additions through 2028, says GlobalData
Asia is likely to be the only region in the world to witness polycarbonate capacity additions during 2024 to 2028 from 11 new-build and expansion projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polycarbonate Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants […]
APAC AV computer system hardware fitment market to expand at 9.7% CAGR over 2024-29, forecasts GlobalData
Continuous innovations and rising patent filings in adaptive cruise control, vehicle anti-collision radars, obstacle detection radar-lidar, and AR/VR (Augmented Reality/Virtual Reality) instrument clusters have been the primary drivers of the advancement of autonomous driving systems. To run these advanced driving features, autonomous vehicle (AV) computer system hardware is required. As a result, the AV computer […]
Beverage companies must innovate beyond own markets to stand out as brand collaborations rise, says GlobalData
Collaborations between well-known brands, such as the recent Coca-Cola and Oreo partnership, are of mutual benefit to companies by way of sales and marketing promotion. The partnerships allow collaborating brands to leverage their existing fan bases and create a buzz around the product. As such, beverage companies need to innovate beyond their markets, as 65% […]
Gambling brands secure shirt sponsorship deals worth $135.43 million in Premier League 2024-25, reveals GlobalData
In April 2023, the Premier League announced that it would introduce a ban on gambling shirt sponsors on club shirts. That ban is set to come into force at the beginning of the 2026-27 season. With two seasons left until the ban takes effect, clubs are not slowly easing off these shirt deals but rather […]
World Sepsis Day 2024: Improved clinical trial design and targeted therapies remain key unmet needs, says GlobalData
World Sepsis Day, which takes place annually on September 13, aims to raise awareness of the devastating condition that claims millions of lives globally each year. Sepsis is a life-threatening and complex disease caused by a dysregulated host immune response to an infection. Currently, there is no drug that specifically targets the underlying pathophysiological processes […]
Tech giants target APAC to step up AI and cloud investments, reveals GlobalData
Asia-Pacific (APAC) is rapidly emerging as a global artificial intelligence (AI) powerhouse, with strategic investments fueling its ascent. Major tech companies pouring billions of dollars into the region to accelerate cloud and AI adoption is indicative of the immense potential and opportunities in this dynamic market. This evolution, driven by the region’s growing technological capabilities […]
APAC automotive sensors market to increase at 0.4% CAGR during 2024-29, forecasts GlobalData
The automotive industry is witnessing a growing demand for electronic sensors, particularly in position sensing applications, propelled by continuous technological advancements and innovations. The focus on technical progress, including electrification and autonomous driving, has amplified the need for high-precision sensors. However, the limited adoption of automotive sensors in compact and economy cars, given their high […]
Malaysia life insurance industry to surpass $17 billion by 2028, forecasts GlobalData
The Malaysian life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 5.2% over 2024–28, from MYR63.2 billion ($13.9 billion) in 2024 to MYR77.3 billion ($17.2 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]
Knee replacement innovations to reshape competitive landscape of orthopedic market, says GlobalData
The knee replacement market is currently experiencing a significant transformation, driven by innovative technologies and materials. Key innovations such as the application of nanotechnology in orthopedic implants, the increasing use of kinematic alignment (KA), robotic surgery and artificial intelligence (AI) in knee replacement procedures are at the forefront of this evolution. These innovations are not […]
Project 17 Bravo frigates to enhance Indian Navy’s operational effectiveness with significant improvements over preceding class, says GlobalData
In line with its efforts to enhance deterrence capabilities against the increasing Chinese presence in the Indian Ocean Region (IOR), India’s Defence Acquisition Council recently approved the acquisition of the Indian Navy’s Project 17 Bravo frigates. This initiative involves the construction of seven new frigates, incurring an investment of INR70,000 crore ($8.34 billion), while incorporating […]
Brazil general insurance industry to surpass $85 billion by 2028, forecasts GlobalData
The general insurance industry in Brazil is expected to grow at a compound annual growth rate (CAGR) of 8.8% from BRL307.3 billion ($61.6 billion) to BRL430.7 billion ($85.7 billion), in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that Brazil’s general insurance industry is expected […]
Diversity improves telco performance and increasingly matters for access to contracts, says GlobalData
Continued adoption of diversity targets and improved reporting of race, disability, and gender identification is found to be helpful in improving the performance of telecom companies, according to an analysis of UK leading service providers to enterprise customers conducted by GlobalData, a leading data and analytics company. Robert Pritchard, Principal Analyst, Enterprise Technology & Services […]
Migraine market to reach $16.4 billion in 7MM by 2033, forecasts GlobalData
The migraine market across the seven major markets (7MM*) is forecast to grow from $9.2 billion in 2023 to $16.4 billion by 2033 at a compound annual growth rate (CAGR) of 6.0%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Migraine: Seven-Market Drug Forecast and Market Analysis,” reveals that primarily driven […]
John Lewis throws down gauntlet to 25 competitors with relaunch of Never Knowingly Undersold price promise, says GlobalData
Following the news that John Lewis has announced the reintroduction of its Never Knowingly Undersold (NKU) price promise; Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “The resuscitation of its NKU price promise, coupled with an updated narrative on its proposition, highlights a return to its roots […]
FDA clearance for Otsuka’s Rejoyn app highlights rapid expansion of regulated mHealth app market, says GlobalData
The COVID-19 pandemic has dramatically accelerated the development and integration of digital health technologies, including artificial intelligence (AI) and machine learning (ML) into the medical industry. For instance, Otsuka’s Rejoyn is a prescription-only app-based treatment that is designed to complement traditional medications for major depressive disorder. This digital therapeutic received 510(k) clearance from the FDA […]
Topshop and Topman given lifeline through ASOS’ joint venture with Heartland, says GlobalData
Following the news that ASOS is selling a 75% stake in Topshop and Topman to Heartland amid refinancing: Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “ASOS’ decision to enter into a joint venture with Heartland for Topshop and Topman provides potential for their return to relevance. […]
Persistent China threat to spur Taiwan defense spending to $23.4 billion in 2029, says GlobalData
China’s decades-old claim to own Taiwan as its territory is persistently posing a threat to the latter. As China continues to intimidate Taiwan by firing missiles and deploying military aircraft and naval vessels along its borders, Taiwan finds ever-growing need to modernize its current fleet and build a battle-ready armed force to defend itself against […]