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In the Asia-Pacific (APAC) region, there is an increase in consumer preference for sports utility vehicles (SUVs). The market for sport utility cars is expanding more quickly in Vietnam, Japan, China, and India. The largest trend being driven by the increase in small and medium-sized SUVs and crossovers is the development of intelligent all-wheel drive […]
Bioprinting holds potential in shaping future of healthcare, says GlobalData
In a significant leap towards the future of healthcare, the field of bioprinting is on the verge of transforming the landscape of medical treatments. Over the past few years, bioprinting has moved beyond a conceptual idea to become a physical reality as researchers and scientists achieve significant breakthroughs. Bioprinting, an advanced technology that employs 3D […]
Growing demand for clean label products drives innovations in South Korea, says GlobalData
Consumers have now become increasingly aware of the environmental impact of their choices and expect brands to make their businesses more sustainable, thanks largely to social media, environmental organizations, and activists. About 65% of South Koreans surveyed insist they would stop buying from a brand if they do not have a sustainable supply chain*. Brands […]
Goldman Sachs and Houlihan Lokey top M&A financial advisers in North America during 2023, reveals GlobalData
Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the North American region during 2023 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised. Based on its […]
Kirkland & Ellis top M&A legal adviser in North America in 2023, reveals GlobalData
Kirkland & Ellis was the top mergers and acquisitions (M&A) legal adviser in the North American region in 2023 by both value and volume, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised. Based on its Deals Database, […]
China sees 27.4% drop in VC funding in 2023 but still performs relatively better than peers, reveals GlobalData
Total VC funding value in China stood at $42.6 billion in 2023 China also remains a key global market for VC funding standing just next to the US Chinese startups clinched four of the 10 billion-dollar deals* announced globally Venture capital (VC) funding activity suffered setbacks globally during 2023, and China also experienced a decline […]
VC funding in India down by more than half to $7.8 billion in 2023, finds GlobalData
A very harsh funding winter for Indian startups in 2023 VC funding in 2023 failed to touch $10 billion mark, a level that was reached in just first four months of 2022 Despite the setback, India continued to be among the top five markets globally Startups with strong fundamentals and clear roadmap continued to secure […]
AirFit and AirTouch devices recall may risk ResMed’s position in PAP market, says GlobalData
ResMed’s Class I recall of its AirFit and AirTouch products threatens the company’s position in the positive airway pressure (PAP) devices market, which was worth $2.44 billion in 2023 and is expected to reach $5.15 billion in 2033, according to GlobalData, a leading data and analytics company. The recall impacts over 20 million continuous positive […]
Hong Kong life insurance industry to surpass $68 billion by 2028, forecasts GlobalData
Hong Kong’s life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.1% over 2024–28, from HKD459.9 billion ($58.7 billion) in 2024 to HKD539.1 billion ($68.8 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]
ADHD field presents significant opportunity for drug developers in 7MM, says GlobalData
Stimulants, amphetamines, and methylphenidates are the first-line treatment for moderate to severe attention-deficit/hyperactivity disorder (ADHD) across the seven major markets (7MM*). Non-stimulants are mainly utilized as second-line therapies due to their lack of efficacy. However, stimulants are highly controlled substances, and prescriptions are often restricted to 30 days. This creates a demand for non-stimulants with […]
Nescafe’s easy-to-use offering for Vietnamese consumers will be game changer, says GlobalData
In a country where coffee is a cultural phenomenon, Nescafe’s new ready-to-serve format will be a game changer, appealing to 69% of Vietnamese consumers* for whom how well a product aligns with their time and money constraints is always/often the greatest influencer when making a purchase decision, according to GlobalData, a leading data and analytics […]
Eli Lilly’s Jaypirca to dominate CLL BTK inhibitor market by 2032, says GlobalData
Despite the current Bruton tyrosine kinase (BTK) inhibitor market being valued at approximately $6 billion, sales specifically for chronic lymphocytic leukemia (CLL) are predicted to be nearly $5 billion by 2032 in the seven major markets (US, France, Germany, Italy, Spain, UK, and Japan). Eli Lilly’s Jaypirca (pirtobrutinib) is forecast to become the market leader […]
Australia motor insurance industry to surpass $23 billion by 2028, forecasts GlobalData
The Australian motor insurance industry is projected to grow at a compound annual growth rate (CAGR) of 9.9% from AUD24.1 billion ($16.7 billion) in 2024 to AUD35.1 billion ($23.9 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the Australian […]
Indian whiskey gains global recognition to compete with major international brands, says GlobalData
Indian whiskey, long considered a rum-variant for being made with spirits fermented from molasses, is now witnessing a transformation on the world stage, ready to end the dominance of global Scotch brands, including Talisker and Glenlivet. A largely spirits-consuming nation unlike other beer-dominated Asian countries, India is fast becoming a major producer of single malt […]
National Birth Defects Awareness Month highlights need for increased congenital syphilis testing in US, says GlobalData
January is observed as National Birth Defects Awareness and Prevention Month annually to raise awareness about birth defects in the US. In November 2023, the Centers for Disease Control and Prevention (CDC) issued a statement drawing attention to the steeply escalating incidence of syphilis cases in newborns in the US, indicating a 10-fold increase in […]
Kirkland & Ellis top M&A legal adviser in 2023, finds GlobalData
Kirkland & Ellis has emerged as the top mergers and acquisitions (M&A) legal adviser for 2023 in terms of both value and volume on the latest Legal Advisers League Table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised. Based on its Financial Deals Database, the […]
Goldman Sachs and Rothschild & Co top M&A financial advisers by value and volume in 2023, finds GlobalData
Goldman Sachs and Rothschild & Co have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume for 2023, respectively, in the latest Financial Advisers League Table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised. Based on its Deals Database, the […]
Bitcoin ETF approval underscores maturation of cryptocurrency space, says GlobalData
In a groundbreaking move equipped to reshape the financial industry, the Securities and Exchange Commission (SEC) has officially approved the eagerly awaited Bitcoin Exchange-Traded Fund (ETF). This historic approval underscores the maturation of the cryptocurrency space and the increasing acknowledgment of its potential as a legitimate and viable asset class, says GlobalData, a leading data […]
Generative AI will go mainstream in 2024 driven by adoption of specialized custom models and multimodal tool experimentation, says GlobalData
Generative AI was a groundbreaking development last year, with the emergence of popular chatbots such as OpenAI’s ChatGPT and Google’s Bard taking the technology world by storm. However, using the large language models (LLMs) powering these chatbots has several disadvantages, hindering the adoption of the technology. For this reason, LLMs will be gradually replaced by […]
Carmot acquisition propels Roche to forefront of obesity drug leadership, finds GlobalData
In a significant move in December 2023, Roche completed the acquisition of the US-based company Carmot Therapeutics in a deal worth $2.9 billion. This strategic acquisition provides Roche access to Carmot’s portfolio, which notably includes three lead molecules, all GLP-1 analogues, currently in the advanced stages of clinical trials for obesity and type 2 diabetes. […]