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Innovation in drug formulations and delivery systems is one of the most rapidly changing areas in Parkinson’s disease (PD) treatment and is primarily driven by the levodopa market. At the American Academy of Neurology (AAN) 2024 Annual Meeting, data on NeuroDerm’s ND0612 (levodopa/carbidopa, LD/CD) and AbbVie’s Produodopa/Vyalev (foslevodopa/foscarbidopa) were showcased for the treatment of PD […]
Saudi Arabia could reach closer to 130GW renewable capacity target by 2030 with robust policy implementation, says GlobalData
Saudi Arabia is focusing on increasing the share of non-oil fuels to meet its increasing power demand and diversify its power mix. Introduced in 2016, the Saudi Arabia Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. Since inception, it has undergone many revisions, with the latest being made in […]
Eli Lilly’s double impact: Mounjaro and Donanemab set to outshine market rivals, says GlobalData
Eli Lilly and Co is on the brink of reshaping the pharmaceutical landscape with its groundbreaking treatments, Mounjaro (tirzepatide) for obesity and the highly anticipated donanemab for early symptomatic Alzheimer’s disease. Both drugs are poised to exceed market expectations and challenge existing industry leaders, marking significant milestones in Eli Lilly’s journey toward market dominance, according […]
Spain card payments market to surpass $435 billion in 2024, forecasts GlobalData
The Spanish card payments market is forecast to grow by 8.9% to reach EUR402.6 billion ($435.4 billion) in 2024, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics, reveals that card payment value in Spain registered a growth of 22.5% in 2022, […]
Global telcos lead the way in digital inclusion, finds GlobalData
Initiatives sponsored by global telcos set the standard for digital inclusion by promoting digital skills development, accessibility, and affordability for the disadvantaged in both underdeveloped and developed nations, says GlobalData, a leading data and analysis company. Digital inclusion involves facilitating access to information and resources via devices and connectivity suitable for the 21st Century. It […]
Thermal power will continue to dominate annual generation mix of Russia during 2024-35, says GlobalData
Russia has been slow in the adoption of renewable sources for power generation due to the availability of cheap conventional energy sources. In 2023, annual generation through thermal power sources held a share of 59.5% in the total generation mix of the country. The electricity demand in Russia is expected to rise from 818.9TWh in […]
Australia PA&H insurance industry to reach $27.8 billion by 2028, forecasts GlobalData
Australia’s personal accident and health (PA&H) insurance industry is forecasted to grow at a compound annual growth rate (CAGR) of 6.4% from AUD32 billion ($22.1 billion) in 2024 to AUD41 billion ($27.8 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance […]
Top 50 APAC firms amass over $650 billion in MCap in Q1 2024, reveals GlobalData
The Asia-Pacific (APAC) region, which includes several of the world’s fastest-growing economies, performed strongly in the first quarter of 2024. This led to an increase in the market capitalization (MCap) of companies within the region. China moving away from lockdowns, strong domestic demand in India and Indonesia, and better-than-expected corporate earnings across the region led […]
US to see surge in new obesity drug launches in next five years, says GlobalData
Over the past two decades, there has been a marked increase in obesity rates among US adults, with projections indicating a continuing upward trend. Two blockbuster drug launches within the last few years—Novo Nordisk’s Wegovy (semaglutide) and Eli Lilly’s Mounjaro (tirzepatide)—have highlighted the lucrative potential offered by this market. Encouraged by the performance of these […]
UAE power mix will continue to be dominated by thermal power in next decade, says GlobalData
With the discovery of more onshore hydrocarbon reserves, the United Arab Emirates (UAE) is aiming to become self-sufficient in gas supply by 2030. Currently, the country is dependent on gas imports for power plants and water desalination plants. As of 2023, thermal power generation comprised around 77.7% of the total power generation mix of the […]
Future looks bright for allergy testing market with vast pipeline of IVD devices, says GlobalData
As spring hits many countries this month, it ushers in warmer weather and seasonal allergies for millions around the world. Pollen levels have been shown to have increased across regions due to climate, vegetation, and urbanization. As precision medicine and personalized medical approaches progress, so does understanding what exactly is causing an allergic reaction and […]
India to lead global caustic soda capacity additions through 2028, forecasts GlobalData
India is set to register the highest caustic soda capacity additions globally by 2028, contributing about 40% of the total capacity additions, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Caustic soda Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that India […]
Basilea’s Zevtera will play unique yet critical role in MRSAB as first new therapy to gain FDA approval in over 15 years, says GlobalData
The FDA has approved Basilea Pharmaceutica’s advanced generation cephalosporin antibiotic, Zevtera (ceftobiprole medocaril), for the treatment of three major indications: Staphylococcus aureus bacteremia (SAB), including right-sided infective endocarditis, acute bacterial skin and skin structure infections (ABSSSI), and community-acquired bacterial pneumonia (CABP). As the first drug to reach the US market for the treatment of SAB in […]
Augmented reality will help sports companies engage with fans and intensify media competition, says GlobalData
The global sports industry faces various challenges, including maintaining fan engagement and intensifying media competition for sports broadcasting rights. Augmented reality (AR) can help sports companies tackle these challenges by creating more engaging and insightful viewing experiences, and the overall AR market is forecast to grow at a compound annual growth rate (CAGR) of 21% […]
Eco-consciousness to drive demand for waterless cosmetics in APAC, says GlobalData
The use of waterless cosmetics, a trend that originated in South Korea, is growing across the globe, particularly in the Asia-Pacific (APAC) region. It represents an innovative shift in the beauty sector, and these products are particularly popular among environmentally conscious consumers. With growing eco-consciousness among consumers, the demand for waterless cosmetics is expected to […]
Inter Miami to generate extra $79.1 million from main sponsorship and ticket sales with Messi’s arrival, reveals GlobalData
In July 2023, Argentinian legend Lionel Messi announced his move from Paris Saint-Germain (PSG) to Inter Miami, in what has been seen as a major coup for the North American soccer league. The arrival of Messi has had an immediate impact on the league’s global popularity and commercial interest, with his new team, Inter Miami, […]
Technology adoption by private insurers changing competitive landscape of Indian motor insurance industry, says GlobalData
The competitive landscape of the motor insurance industry in India has undergone a constant change during 2018-22. While there was close competition between New India Assurance and ICICI Lombard to occupy the leading position in 2022, the entry of new players in the top 10 list has changed the competitive dynamics of the country’s motor […]
Jason Tarry has the right retail expertise to help John Lewis Partnership succeed, says GlobalData
Following the news of ex-CEO of Tesco UK & Ireland, Jason Tarry, announced as replacing Dame Sharon White as chair of John Lewis Partnership. Zoe Mills, Lead Retail Analyst at GlobalData, comments: “Jason Tarry was at the helm of Tesco during the crucial development of its Clubcard loyalty scheme, taking the discounters head-on and creating […]
Adaptogens on cusp of becoming mainstream ingredients, says GlobalData
Since the onset of the COVID-19 pandemic, functional drinks have been gaining momentum, with nootropics, immunomodulators, and botanics becoming household terms. Adaptogens, which claim to address rising concerns of stress, anxiety, and balance restoration, have been gaining ground rapidly. In addition, these ingredients help address the challenge of providing consumers with value for money by […]
Property insurers in Taiwan expected to remain profitable despite recent earthquake, says GlobalData
The 7.2 magnitude earthquake that struck Taiwan’s east coast recently has brought significant challenges to the insurance industry. Despite causing substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions, insurers are expected to weather the financial impact well. Government-backed schemes are anticipated to mitigate losses, although insurers may re-evaluate risk exposure and adjust […]