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National HIV Testing Day is observed on June 27 every year to recognize and address the ongoing disparities related to human immunodeficiency virus (HIV) infection. This day serves as a powerful reminder of the ongoing battle against HIV and the importance of awareness, education, and support for those affected. Routine HIV testing and increased accessibility […]
California faces staggering economic costs of $89.5 billion due to obesity, reveals GlobalData
Obesity and overweight are estimated to have caused a staggering $89.5 billion reduction in California economy in 2022, equivalent to 2.5% of the state’s gross domestic product, according to a report released by GlobalData, a leading data and analytics company. GlobalData’s report, ‘Obesity’s Impact on California’s Economy and Labor Force,’ analyzes the economic and workforce […]
Chronic kidney disease market to grow at 19.6% CAGR in 7MM during 2023-33, forecasts GlobalData
With pipeline approvals of varying mechanisms of action and an influx of newly diagnosed patients, the chronic kidney disease (CKD) market is forecast to grow at a compound annual growth rate (CAGR) of 19.6% from $2.2 billion in 2023 to $13.5 billion in 2033 across the seven major markets (7MM*), according to GlobalData, a leading […]
Marriott Hotels & Resorts most active hotel brand in sports sponsorship for 2024, reveals GlobalData
One facet of the travel and tourism sector is hotels. Several high-end hotels have carved out a niche for themselves in the world of sports sponsorship. Some of the largest sponsorship agreements within the hotel sector are with some of the biggest sports leagues, mainly across the US, including the National Football League (NFL). With […]
India startups raise $3.9 billion in VC funding during first five months of 2024, finds GlobalData
India witnessed the announcement of a total of 483 venture capital (VC) deals during the first five months of 2024, while the total disclosed funding value of these deals stood at $3.9 billion. This represents year-on-year (YoY) growth of 1.7% in terms of VC deals volume and 15.6% in terms of total funding value during […]
CAR T-cell assets for SLE and LN diseases hold potential for growth with China emerging as key player, says GlobalData
At the recent European Alliance of Associations for Rheumatology (EULAR) 2024 conference, industry sponsors presented preliminary data from ongoing, early-stage clinical trials evaluating CAR T-cell assets in autoimmune diseases, including systemic lupus erythematosus (SLE) and lupus nephritis (LN). While the overall results gave early indications of the potential ability of CAR T-cell assets in achieving […]
Pressure to improve its practices ahead of a London IPO will help to bolster Shein’s brand perceptions, says GlobalData
Following reports that Shein filed for its London Stock Exchange Initial Public Offering (IPO) listing at the start of the month: Alice Price, Apparel Analyst at GlobalData, offers her view: “As the prospect of a London IPO appears ever more likely for Shein – which would represent one of the London Stock Exchange’s biggest listings […]
GlobalData’s Technology Foresights reveals surge in AI activity in luxury goods industry to transform personalization
Artificial Intelligence (AI) has induced a fresh wave of technological advancement, prompting businesses across various sectors to intensify their efforts to integrate AI capabilities into their products and services. As the industry grapples with the interpretation of new AI regulations, such as the EU AI Act, investments in AI—particularly in generative AI—are steadily increasing. Even […]
Giro d’Italia 2024 generates over $48 million in sponsorship revenue, reveals GlobalData
The 2024 Giro d’Italia was the 107th edition of the Giro d’Italia, a three-week Grand Tour cycling stage race. It was sponsored by 65 brands, with Enel holding the largest sponsorship deal, which saw the energy company sponsor the race leader’s pink jersey, the iconic Maglia Rosa. The following three largest sponsors in terms of […]
New warship launch to bolster Philippines’ naval capabilities amid South China Sea tensions, says GlobalData
The Philippines continues to accelerate its naval modernization to counter China’s assertiveness in the South China Sea. The recent launch of the BRP Miguel Malvar, the first of two corvettes ordered from HD Hyundai Heavy Industries (HHI) in 2021, marks a significant step in this process. The second corvette is due to launch by year-end, […]
Fixed communication services revenue in Japan to remain stagnant over 2023-28 period, forecasts GlobalData
The total fixed communication services revenue in Japan is expected to grow at a low compound annual growth rate (CAGR) of 0.4% from $27.9 billion in 2023 to $28.5 billion in 2028, in line with continued decline in fixed voice service revenues and slow growth in fixed broadband service revenues, forecasts GlobalData, a leading data […]
FDA awards record number of review designations to mRNA vaccines in 2023, reveals GlobalData
The success of the COVID-19 mRNA vaccines highlighted the major advantages of utilizing mRNA technology in vaccine development. Consequently, the FDA has awarded a rising number of review designations to mRNA vaccines in recent years. In 2023, a record nine designations were awarded to mRNA vaccines for eight conditions, displaying the FDA’s commitment to encouraging […]
Success of resellers in enterprise telecoms market underlines need for smart segmentation, says GlobalData
An analysis of the US reseller market illustrates that enterprise telecoms service providers worldwide need to embrace smarter customer segmentation. About 1,800 significant resellers in the US account for as much as 20% of the enterprise telecoms market. Their intensely customer-focused approach means that all service providers need to get smart in their market segmentation, […]
China to dominate global ethylene capacity additions by 2030, says GlobalData
China is set to drive global ethylene capacity additions, occupying a share of 35% by 2030, as both demand and supply of ethylene are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Market Analysis and Forecast by Products, Capacity Additions, Top Countries and Active […]
Demand for new energy vehicles to drive growth in Chinese motor insurance market, says GlobalData
The Chinese motor insurance market is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1.1 trillion ($158.9 billion) in 2028, driven by rising vehicle sales and the growing popularity of new energy vehicles (NEV), forecasts GlobalData, a leading data and analytics company. GlobalData’s […]
Mental wellbeing top concern for nearly three quarters of consumers globally, urging insurers to prioritize mental health support, says GlobalData
Concerning levels of mental wellbeing have been identified among selected countries, underscoring the need for intervention and attention in this critical area. This emphasizes the role of insurers and employers in addressing these concerns to enhance overall consumer wellbeing. Nearly three quarters of consumers globally see mental wellbeing as their top concern, according to a […]
Bayer’s BAY2927088 to face intense competition in EGFR-mutant but limited competition in HER2-exon 20 mutant NSCLC market in China, says GlobalData
Bayer AG’s BAY2927088 recently received the Breakthrough Therapy designation from the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) in China. Following approval, BAY2927088 is expected to face intense competition in the epidermal growth factor receptor (EGFR)-mutant non-small cell lung cancer (NSCLC) but limited competition in the human epidermal growth factor […]
World Scleroderma Day: New treatments in development hold promise for patients, says GlobalData
World Scleroderma Day occurs every year on June 29, and the goal is to raise awareness about the disease, symptoms, and treatments. Scleroderma is a rare, progressive, and chronic autoimmune connective tissue disorder that causes excess collagen accumulation. The course of the disease can vary from individual to individual, ranging from minor nuisance symptoms to […]
Vertex could solidify dominance in cystic fibrosis market with vanza triple approval, says GlobalData
With the submission of regulatory marketing applications for its once-daily vanzacaftor triple, also known as the vanza triple program (vanzacaftor/tezacaftor/deutivacaftor) with the European Medicines Agency (EMA) and the US FDA, Vertex Pharmaceuticals is expected to hold its lead in the development of therapies for the treatment of cystic fibrosis (CF). Approval and success of vanza […]
Prachand LCH procurement to propel India’s quest for indigenization of defense manufacturing, says GlobalData
The Indian Ministry of Defence (MoD) issued a Request for Proposal (RFP) to Hindustan Aeronautics Limited (HAL) for the acquisition of 156 Prachand Light Combat Helicopters (LCH), which will cost the country’s exchequer about $5.4 billion. This procurement holds paramount importance in India’s quest for self-reliance in defense manufacturing and is expected to boost the […]