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Pharma

Pfizer’s Velsipity UK approval will raise competition in ulcerative colitis market, says GlobalData

Pfizer’s oral drug, Velsipity (etrasimod), recently received approval from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) for the treatment of active moderate to severe cases of ulcerative colitis (UC). With the approval, the drug will increase the competition in the UC market, where multiple players already intensively compete for their market shares, says […]

Insurance

South Africa general insurance industry to surpass $10 billion by 2028, forecasts GlobalData

The South African general insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.8% from ZAR159.5 billion ($9.4 billion) in 2024 to ZAR192.7 billion ($10.4 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the South […]

Consumer

Bird flu concerns pose challenges for meat and dairy firms to keep consumer trust intact, says GlobalData

Health authorities have reassured consumers that the spread of bird flu to dairy cows in several US states poses a low risk to human health. However, this has not stopped the story from dominating news headlines and potentially drawing attention to the link between intensive animal farming and disease transmission. As consumers increasingly reassess the […]

Banking

France card payments market to reach $1.1 trillion in 2028, forecasts GlobalData

The French card payments market is forecast to grow at a compound annual growth rate (CAGR) of 5.3% between 2024 and 2028 to reach EUR1.05 trillion ($1.14 trillion) in 2028, 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 […]

Technology

5G to drive Singapore mobile service revenue to over $2 billion in 2028, forecasts GlobalData

Growing adoption of 5G services in Singapore is expected to boost its mobile data service revenue growth, which will in turn drive the country’s overall mobile service revenue to reach $2.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 3% during 2023-28, according to GlobalData, a leading data and […]

Banking, Business Fundamentals, Disruptor

February JOLTS and March NFP data to beat consensus reflecting healthy US jobs market, says GlobalData

The anticipated US Job Openings and Labor Turnover Survey (JOLTS) report for February 2024, set to be released on 02 April 2024, is expected to surpass the consensus forecasts. Job openings are expected to be between 8.8 and 9.0 million, ahead of the consensus expectation of 8.8 million, while non-farm payroll (NFP) data for March […]

Retail

Shein became the world’s largest apparel retailer in 2023 as it proves unbeatable on price and speed, says GlobalData

Following today’s news that Shein’s profits doubled in 2023; Louise Deglise-Favre, Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Shein continues to achieve phenomenal growth, with its gross merchandise value reportedly rising to around $45bn in 2023, up from reportedly $30bn in 2022, while its profits more than doubled to […]

Aerospace, Defense & Security

KF-21 production approval to create defense export opportunities for South Korea, says GlobalData

KF-21 production approval to create defense export opportunities for South Korea, says GlobalData With the recent approval of the production of 20 KF-21 Boramae fighter aircraft, South Korea intends to provide a major boost to its future defense capabilities. The KF-21s will not only help in deterring threats originating from North Korea but owing to […]

Insurance

Indonesia life insurance industry to surpass $12 billion by 2028, forecasts GlobalData

The Indonesian life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 3.8% over 2024–28, from IDR161.3 trillion ($10.5 billion) in 2024 to IDR187.2 trillion ($12.1 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]

Consumer

Restaurants look to tap revival of snacking out with new launches, says GlobalData

The return to office trend has seen a revival in more snacking occasions among consumers. Young consumers are the most time-pressed and tend to be the ones who are likely to eat out the most. Restaurants are rolling out the red carpet of innovations to appeal to these customers and drive sales, says GlobalData, a […]

Consumer, Packaging

UK companies embrace paper bottle packaging for alcoholic beverages, says GlobalData

The trend of alcoholic beverage companies in the UK replacing glass packaging with bottles made of paper has picked up pace. Recently, Aldi, a prominent retailer, introduced wine in bottles made using 94% recycled paperboard, containing a food-grade pouch. The retailer’s initiative follows Absolut Vodka’s decision to commercialize single-mold paper bottles in June 2023. Sustainability, […]

Pharma

Active cooperation among APAC pharma companies gaining traction, says GlobalData

In the dynamic landscape of the pharmaceutical industry, collaboration often serves as the key to innovation and expanding market presence. In recent years, the Asia-Pacific (APAC) market has emerged as a hub for pharmaceutical development and investment, attracting attention from both local and global players. While cooperation between APAC-based pharmaceutical companies and their global counterparts […]

Retail

Easter spending expected to rise to £1.9 billion as more UK consumers intend to participate in festivities, says GlobalData

UK consumers are set to spend £1.9 billion this Easter, a 4.0% increase on 2023. Spend on Easter food and drink is expected to drive the uplift as consumers plan to splash out, feeling less restricted by financial pressures amid the cost-of-living crisis, according to a report from GlobalData, a leading data and analytics company. […]

Consumer

Cost-of-living crisis will cause decline in UK chocolate sales this Easter, says GlobalData

Leading players in the UK chocolate industry have their eyes on the prize this Easter. However, there are many challenges to overcome, especially “eggflation”. The cost of cocoa is at an all-time high. This rise in raw material costs consequently influenced the prices of many chocolate brands in the run-up to Easter. The price rise […]

Consumer

AP Tech’s 2’-FL approval could potentially diversify infant formula product offerings, says GlobalData

Food Standards Australia New Zealand (FSANZ) initiated a public consultation regarding the potential inclusion of 2’-fucosyllactose (2’-FL) produced by Advanced Protein Technologies (AP Tech) in infant formulas. 2’-FL, a sugar found in breast milk, is claimed to offer health benefits to infants. The consultation was aimed at evaluating the safety and viability of utilizing 2’-FL […]

Strategic Intelligence, Technology

Tech industry most (geo)politized industry in the world, says GlobalData

The global supply chains organized to optimize profit and speed that shaped international trade and delivered benefits to both producers and consumers for two decades under globalization have been twisted out of shape, with the global economy facing significant geopolitical disruptions. A world with slower growth and heightened geopolitical tensions is making the operating environment […]

Medical Devices

Montagu’s acquisition of Johnson Matthey’s MDC business to spark growth in key medical device markets, says GlobalData

Montagu, a private equity firm, has recently agreed to acquire the Medical Device Components (MDC) business of Johnson Matthey, for a deal valued at $700 million. With the acquisition, Montagu is set to grow in several key medical device markets, which are forecast to grow in the next decade, according to GlobalData, a leading data […]

Business Fundamentals

Indian startups raised $1.1 billion in VC funding in first two months of 2024, finds GlobalData

The total deal value of venture capital (VC) funding in India crossed the $1 billion mark for the year 2024 in February. A total of 171 VC funding deals were announced in the country during the first two months of 2024, while the disclosed funding value of these deals stood at $1.1 billion, according to […]

Disruptor

Nvidia’s strategic investments in healthcare driven by AI innovations, reveals GlobalData

Nvidia has significantly ramped up its involvement in the healthcare sector in the past few quarters, riding on its success with the generative artificial intelligence (Gen AI) wave. Through a series of partnerships and investments, totaling at least a dozen, the company has demonstrated a strong commitment to leveraging its expertise and resources within the […]

Medical Devices

CRISPR-based assay could revolutionize diagnosis of Mycobacterium avium complex NTM infections, says GlobalData

A recent study carried out by researchers at Tulane University and published in the American Journal of Respiratory and Critical Care Medicine unveiled a novel diagnostic tool that can identify Mycobacterium avium complex (MAC) nontuberculous mycobacterial (NTM) infections in as little as two hours. The clustered regularly interspaced short palindromic repeats (CRISPR)-based assay significantly accelerates […]

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Pfizer’s Velsipity UK approval will raise competition in ulcerative colitis market, says GlobalData

South Africa general insurance industry to surpass $10 billion by 2028, forecasts GlobalData

Bird flu concerns pose challenges for meat and dairy firms to keep consumer trust intact, says GlobalData

France card payments market to reach $1.1 trillion in 2028, forecasts GlobalData

5G to drive Singapore mobile service revenue to over $2 billion in 2028, forecasts GlobalData

February JOLTS and March NFP data to beat consensus reflecting healthy US jobs market, says GlobalData

Shein became the world’s largest apparel retailer in 2023 as it proves unbeatable on price and speed, says GlobalData

KF-21 production approval to create defense export opportunities for South Korea, says GlobalData

Indonesia life insurance industry to surpass $12 billion by 2028, forecasts GlobalData

Restaurants look to tap revival of snacking out with new launches, says GlobalData

UK companies embrace paper bottle packaging for alcoholic beverages, says GlobalData

Active cooperation among APAC pharma companies gaining traction, says GlobalData

Easter spending expected to rise to £1.9 billion as more UK consumers intend to participate in festivities, says GlobalData

Cost-of-living crisis will cause decline in UK chocolate sales this Easter, says GlobalData

AP Tech’s 2’-FL approval could potentially diversify infant formula product offerings, says GlobalData

Tech industry most (geo)politized industry in the world, says GlobalData

Montagu’s acquisition of Johnson Matthey’s MDC business to spark growth in key medical device markets, says GlobalData

Indian startups raised $1.1 billion in VC funding in first two months of 2024, finds GlobalData

Nvidia’s strategic investments in healthcare driven by AI innovations, reveals GlobalData

CRISPR-based assay could revolutionize diagnosis of Mycobacterium avium complex NTM infections, says GlobalData

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