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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 […]
New wave of potential therapies to bring paradigm shift in COPD treatment, says GlobalData
The recent submission of clinical trial data for Sanofi/Regeneron’s Dupixent and Verona’s Ensifentrine to the Food and Drug Administration (FDA) indicates the entry of new therapies for chronic obstructive pulmonary disease (COPD) in 2024. Both Phase III pipeline agents were able to meet their trial endpoints and are to be used as maintenance or add-on […]
Brands need to combat health-related misinformation on social media, says GlobalData
Social media affords brands a plethora of advantages, from building brand awareness and more effectively engaging with consumers to gaining valuable real-time insights into consumer sentiment, which allows them to better understand their target audience. However, the ease with which false or misleading information can be shared without vetting, fact-checking, or accountability has made social […]
World Tuberculosis Day 2024: Vaccines in late-stage development hold promise in tackling disease burden, says GlobalData
World Tuberculosis (TB) Day is marked annually on 24 March, the anniversary of the discovery of the causative mycobacterium by Dr. Robert Koch. The day aims to raise awareness about the devastating health, social, and economic consequences of the disease. It is one of the leading causes of death from an infectious agent, and therefore, […]
Microsoft’s global ecosystem of AI healthcare leaders will contribute to forecasted 31% CAGR in healthcare AI space, says GlobalData
In recent years, the integration of artificial intelligence (AI) in the healthcare and life sciences (HLS) industry has surged, promising transformative impacts on patient care, research, and operational efficiency. At the recently held 2024 Healthcare Information and Management Systems Society Global Health Conference and Exhibition, Microsoft announced that it will be further integrating AI in […]
Next would be best placed to snap up Ted Baker as it can build on existing licensing partnership, says GlobalData
Following today’s news that Ted Baker filed a notice to appoint Teneo Financial Advisory as administrators, 18 months after being acquired by Authentic Brands Group; Louise Deglise-Favre, Apparel Analyst at GlobalData, offers her view: “Ted Baker has long been financially struggling, due to the brand’s inability to modernize and adapt its offering and image to […]
Consumer pursuit of food & drinks that improve mental health influence ingredient innovations, says GlobalData
Consumers today lead more demanding lifestyles that drain their energy levels, fueling the need to relax and rejuvenate. As a result, they are proactive in seeking products that can support mental wellbeing. Brands are, therefore, working to develop ingredients that can ease stress and improve mental health, says GlobalData, a leading data and analytics company. […]
Carbonates industry embracing health-focused innovation to align with consumer priorities, says GlobalData
In recent years, the carbonates industry has undergone a transformation in its product portfolio driven by evolving consumer preferences, changing regulatory measures such as sugar taxes, and increased concerns about health. This transformation trend has been quite visible since the onset of the COVID-19 pandemic, as consumers became more conscious about the impact of sugary […]
Demand for recyclability driving US beverage manufacturers to switch to rPET bottles, says GlobalData
There is a growing demand for products packaged in recyclable packaging among consumers, especially in developed economies. Considering this, beverage manufacturers in the US are increasingly shifting from polyethylene terephthalate (PET) to recycled polyethylene terephthalate (rPET) bottles to help lower carbon emissions and advance the circular economy, says GlobalData, a leading data and analytics company. […]
Natural ingredients in antiperspirants and deodorants gain prominence in Europe, says GlobalData
Increasing health and wellness concerns among European consumers are compelling them to make more informed decisions while purchasing antiperspirants and deodorants. The rising negative perception of chemicals, especially, the use of aluminium and zirconium compounds in antiperspirants, which are linked to skin-related issues, has created demand for products made using safe and natural ingredients in […]
GoMate’s yerba mate elixirs spark healthy hype, says GlobalData
Functionality drinks have risen in popularity among health-conscious consumers globally, propelled by the overarching trend towards wellness-orientated products. According to a GlobalData Q3 2023 consumer survey*, 75% of UK consumers are influenced by a product’s impact on health and wellbeing, underscoring a significant market potential for GoMates yerba mate beverages in the market for dietary […]
GlobalData highlights rapid innovation in continuous glucose monitoring
Continuous glucose monitors (CGMs) are a class of medical devices used to assist in managing both type 1 and type 2 diabetes. These devices either completely replace or are a supplement to traditional blood glucose monitoring, which requires a blood glucose meter and a small blood draw. The CGMs market has experienced extraordinary growth in […]
Supply chains face sustained pressure as world races to rearm, says GlobalData
In the competition to rearm in the face of rising great power competition, Europe and many other regions are opening new production lines, consolidating control of rare earth elements, re-learning industrial skills, and modernizing their armed forces. In 2024 alone, Russia is anticipated to produce 5 million artillery shells and around 700 cruise missiles. As […]
Pennsylvania faces staggering economic costs of $19.9 billion due to obesity, reveals GlobalData
Obesity and overweight are estimated to have caused a staggering $19.9 billion reduction in Pennsylvania’s economy in 2022, equivalent to 2.2% of the state’s gross domestic product, according to a report released by GlobalData Plc, a leading data and analytics company. GlobalData’s report, ‘Obesity’s Impact on Pennsylvania’s Economy and Labor Force,’ analyzes the economic and […]
Cutting-edge innovations driving investment boom in green hydrogen, reveals GlobalData
The clean energy landscape is gaining significant momentum in 2024, fueled by substantial support from major economies and venture capitalists propelling the advancement of green hydrogen technology. Recent months have witnessed a pronounced uptick in interest and investment in this domain. At the forefront of this innovative wave is green hydrogen, a pioneering technology for […]
Brands tap into consumer desire for nostalgia with retro spin on product launches, says GlobalData
Americans are increasingly longing for the “good old days” amid rapid social and economic changes in the aftermath of the COVID-19 pandemic, including the pressures of modern life, inflation, and the current cost-of-living crisis. Brands are looking to cash in on consumer inclination for nostalgia by bringing pack products and packaging from the bygone era […]
Belgium general insurance industry to reach $17.7 billion by 2028, forecasts GlobalData
The Belgian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.1% from EUR14.3 billion ($14.7 billion) in 2024 to EUR16.8 billion ($17.7 billion) in 2028, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the general insurance […]
Global esports audience set to reach over 318 million by 2025, forecasts GlobalData
Esports is the fastest growing theme in the gaming sector. Although esports currently caters to a niche audience, especially compared to mainstream sports, the global audience of esports is estimated to be over 318 million in 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Esports and Sports Sector – Thematic […]
Formula One to generate $513.7 million in sport sponsorship revenue for 2024 season, reveals GlobalData
2024 saw the release of Netflix’s sixth season of the popular docu-series, Drive to Survive, which offers behind-the-scenes access to Formula One fans across the course of a season. This has helped the series continue to boost its commercial revenue, as its 22 active sponsorship deals in 2024 are set to generate $513.75 million in […]
Virtual try-on platforms gaining traction in make-up industry, says GlobalData
The growing prominence of technology in consumers’ day-to-day activities is enabling cosmetics manufacturers across the world to develop technology-based initiatives capable of enhancing the purchasing experience of consumers. One such concept that is gaining popularity in the make-up sector is virtual try-on (VTO). VTO uses artificial intelligence (AI) and augmented reality (AR) to deliver a […]