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The era of the easy, frictionless supply chains is over. In a post-pandemic world, companies had to adopt a just-in-case strategy for their supply chains, where hoarding inventory offered a safety net for unforeseen supply chain disruptions. However, reworking supply chains is complex and expensive, with no quick fixes. As the world’s manufacturing hub, China […]
Top 25 banks’ topline growth surges in 2023 despite global economic uncertainty, says GlobalData
Despite facing inflationary challenges and operating in a high interest rate environment, most leading global banks performed exceptionally well last year. The top 25 global banks* experienced year-on-year (YoY) top-line growth of 33.3% and a 5.1% increase in total assets in 2023, finds GlobalData, a leading data and analytics company. Most of the top 25 […]
Total prevalent cases of osteoporosis to surpass 58.05 million in 7MM in 2033, forecasts GlobalData
The total prevalent cases of osteoporosis in the seven major markets (7MM*) are projected to increase from 51.17 million in 2023 to 58.05 million in 2033, with an annual growth rate (AGR) of 1.34%, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Osteoporosis – Epidemiology Analysis and Forecast to 2033,” reveals that […]
Startups challenging incumbents in AI accelerator chips, reveals GlobalData’s Technology Foresights
Among the several innovations announced at Google I/O 2024, a key highlight was the release of the sixth-generation tensor processing unit (TPU) named Trillium. With its high energy efficiency and significantly higher peak compute performance, the new chip heightens the competitiveness in the AI accelerator market. The technology is witnessing robust growth driven by the […]
UOB poised to capitalize on ASEAN’s booming mass affluent segment, says GlobalData
More than ever before, banks worldwide have the opportunity to tap into the lucrative Association of Southeast Asian Nations (ASEAN) mass affluent market. Banks such as HSBC, DBS, and United Overseas Bank (UOB) have been leading the way with their premium services. UOB’s focus to build upon its mass affluent clientele looks to be working […]
Spain general insurance industry to surpass $60 billion by 2028, forecasts GlobalData
Spain’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.3% from EUR45.7 billion ($48.5 billion) in 2024 to EUR56.6 billion ($60.4 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, Spain’s general insurance industry […]
Retailers must focus on quality control and Gen Z to win in secondhand market, says GlobalData
Consumers are increasingly turning to purchasing secondhand items, mainly driven by a desire to save money, with 72.6% of consumers citing this as a driver in a survey*. This, coupled with a period of high inflation has driven rapid growth in the secondhand market, creating increased competition for secondhand players and a need for retailers […]
Only 6% of gamers globally subscribed to cloud gaming services in 2023, says GlobalData
No cloud gaming service has achieved mainstream success yet, as just 6% of global unique gamers subscribed to cloud gaming services in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s latest thematic report “Cloud Gaming,” reveals that the cloud gaming market will be worth over $22 billion in 2030, up from $3 […]
2024 Indian Premier League to generate $99.31 million in sponsorship revenue, says GlobalData
The Indian Premier League (IPL) is the most popular cricket franchise league in the world. The 2024 IPL’s top sponsorship is the tournament’s five-year deal with Tata Group, worth an estimated $60.15 million annually. The deal is almost four times higher than the next highest deal and sees the brand serve as the IPL’s title […]
China to spearhead global butadiene capacity additions through 2028, says GlobalData
China is likely to register the highest butadiene capacity additions globally by 2028, contributing about 41% of the total capacity additions from 15 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Butadiene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that […]
Non-injectable medication development remains significant unmet need in female infertility, says GlobalData
Great progress has been made in the management of female infertility since the introduction of assisted reproductive technology, predominantly in vitro fertilization (IVF). However, despite the improvements made in the space, challenges associated with the treatment remain. The development of non-injectable fertility medications represents a significant unmet need, according to key opinion leaders (KOLs) interviewed […]
HeartMate 3 recall and inadequate hearts for transplantation make HF therapy landscape much more dire, says GlobalData
Heart failure (HF) is one of the major drivers for the growth of mechanical circulatory support devices (MCSDs). MCSDs are used in three therapies in patients who are currently ineligible for a heart transplant: Bridge to Transplant, Destination, and Bridge to Recovery Therapy. Recently, the FDA announced a Class I recall for Abbott‘s HeartMate 3 […]
Masters generates total annual sponsorship revenue of $50.75 million for 2024 edition, reveals GlobalData
The 2024 Masters Golf Tournament witnessed a total of seven sponsors, with the joint-top sponsors in terms of annual deal value being IBM and AT&T, each with deals worth $9 million. Mercedes-Benz, Delta Air Lines, Rolex, and UPS, which have been long-term partners of the tournament, are also sponsors for the 2024 edition. There was […]
UK shoppers set to spend £700m on Father’s Day this year, less than half the amount spent on Mother’s Day, says GlobalData
With retail spending on Father’s Day in the UK forecast to reach £695m in 2024, up 1.8% on 2023, retailers must kick off Father’s Day promotions earlier. The UK Father’s Day market is less than half the size of the UK Mother’s Day market, with the latter occasion being boosted by the amount spent on […]
Masimo’s FDA clearance for Stork to redefine OTC baby monitoring market, says GlobalData
The COVID-19 pandemic has significantly accelerated the pace of innovation in the healthcare IT market, as health systems worldwide have rapidly adapted to new technologies to manage unprecedented challenges. The shift towards remote healthcare and increased consumer interest in health monitoring at home has driven demand for advanced healthcare technologies, including baby monitoring systems. The […]
Dental aligners market to surge by 14% CAGR through 2033, forecasts GlobalData
The dental aligners market is experiencing rapid growth, driven by the increasing prevalence of malocclusion and a growing demand for orthodontic treatments. This growth is also fueled by technological advancements, evolving consumer preferences, and the psychosocial benefits of dental aligners. With a market value of $6.2 billion in 2023, the sector is poised for significant […]
Medtronic’s MiniMed extended infusion set could improve diabetes care sustainability, says GlobalData
Medical waste generated by diabetes care, especially from the infusion sets and reservoirs needed for insulin delivery with insulin pumps, poses a major problem for sustainability and ecological impact in the market. These devices are heavily reliant on single-use plastics due to the need for sterilized components and ease of use for patients. However, diabetes […]
World AIDS Vaccine Day 2024: Prophylactic vaccines in phase II development hold potential to reduce epidemic burden, says GlobalData
World AIDS (acquired immunodeficiency syndrome) Vaccine Day, also known as HIV (human immunodeficiency virus) Vaccine Awareness Day, takes place annually on 18 May. The National Institute of Allergy and Infectious Diseases (NIAID) leads the observance, educating the public on the importance of HIV prevention and the significance of vaccine research, and acknowledging the contributions of […]
Generative AI emerges as key theme in companies’ discussions in Q1 2024, finds GlobalData
Generative AI (GenAI) has emerged as a key theme during the last year, with more companies discussing the impacts of this technology. S&P 500 companies in their Q1 2024 earnings call transcripts had discussions around GenAI adoption, products/solutions on offer, strategic partnerships, investments, and application areas, reveals the Company Filings Analytics Database of GlobalData, a […]
Indigo remains biggest buyer of Airbus aircraft in APAC, reveals GlobalData
Indigo recently ordered 30 A350-900 wide-body aircraft from Airbus, as it looks to expand its international network to long-haul destinations. The Indian carrier’s expansion plans into more international destinations underscore the strong growth witnessed in the country’s travel landscape, propelled by factors such as a steady uptick in business travel, rising disposable income, and economic […]