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The market for Gaucher disease, a rare inherited metabolic disorder characterized by hepatosplenomegaly, bone disease, and anemia, is set to experience a compound annual growth rate (CAGR) of 0.79% across the seven major markets (7MM*) from $1.2 billion in 2022 to $1.3 billion in 2032, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]
Telecom service revenue in Singapore will decline between 2023 and 2028, forecasts GlobalData
The total telecom and pay-TV services revenue in Singapore is forecast to decline at a compounded annual growth rate (CAGR) of 0.2% over the period 2023-2028, despite a rise in subscriptions in mobile data and fixed broadband segments, according to GlobalData, a leading data and analytics company. GlobalData’s Singapore Telecom Operators Country Intelligence Report reveals […]
Biotech trailblazers pushing boundaries with novel discoveries, says GlobalData
In the dynamic field of biotechnology (biotech), transformative technologies like AI-driven drug discovery, advanced sequencing, and brain-computer interfaces are revolutionizing healthcare and research. These innovations are enhancing medical efficiency and enabling more tailored and effective treatments, says GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “AI […]
Ractigen’s RAG-01 becomes second saRNA drug globally to advance to clinical stage, says GlobalData
Ractigen Therapeutics, headquartered in China, submitted a clinical trial application for RAG-01 in Australia. This application paves the way for Phase I trial of RAG-01 in patients with non-muscle-invasive bladder cancer (NMIBC) who have not responded to Bacillus Calmette-Guérin (BCG) therapy, making it globally the second saRNA drug to advance into the clinical stage, says […]
APAC automotive vehicle access market to expand at 5.6% CAGR over 2023-28, says GlobalData
Consumers are increasingly favoring more convenient choices for various aspects of their vehicles, particularly in terms of access. The rising disposable income and a growing preference for luxury cars in the Asia-Pacific (APAC) region are driving the demand for keyless entry systems, which provide convenience and a sophisticated appearance. Against this backdrop, the automotive vehicle […]
Dual orexin receptor antagonists to drive insomnia market across 7MM to $4.1 billion in 2032, says GlobalData
The insomnia market across the seven major markets (7MM*) is poised to grow at a compound annual growth rate (CAGR) of 2.6% from $3.2 billion in 2022 to $4.1 billion in 2032, driven by an increase in the patient share of dual orexin receptor antagonists (DORAs) and the anticipated introduction of four late-stage pipeline products, […]
Transitioning to P-8A maritime patrol aircraft will boost Australia’s anti-submarine capabilities, says GlobalData
As the last of the AP-3C Orion maritime patrol aircraft has been finally withdrawn from the service of the Australian Air Force on December 12, 2023, after 50 years of service, the baton has been passed on to the next-generation P-8A Poseidon aircraft fleet. This transition underscores Australia’s attempt to counter emerging threats in the […]
South Korea motor insurance market to surpass $19 billion by 2028, forecasts GlobalData
The South Korean motor insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.6% from KRW20.5 trillion ($15.4 billion) in 2023 to KRW25.7 trillion ($19.2 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the […]
APAC automotive vision systems market to expand at 2.7% CAGR over 2023-28, says GlobalData
The demand for automotive vision systems in the Asia-Pacific (APAC) region has significantly increased in recent years. This growth can be attributed to several factors, such as increased awareness among consumers regarding road safety, a growing preference for luxury vehicles, and a rise in disposable income. Against this backdrop, the automotive vision systems market in […]
Geopolitical conflicts, inflation, and drug pricing pressures will be top challenges for pharma industry growth in 2024, finds GlobalData
Lingering inflation, geopolitical tensions, and conflicts, as well as continuous pressures to cut drug prices, will be the top challenges for the pharmaceutical industry in 2024, finds GlobalData, a leading data and analytics company. GlobalData’s recent survey “The State of the Biopharmaceutical Industry 2024” found that drug pricing and reimbursement constraints elicited the strongest responses […]
Fixed communication service revenue to grow at 3.1% CAGR in Saudi Arabia over 2023-2028, forecasts GlobalData
The total fixed communication services revenue in Saudi Arabia is forecast to increase at a compounded annual growth rate (CAGR) of 3.1% from $2.4 billion in 2023 to $2.8 billion in 2028, primarily driven by the strong growth in the fixed broadband segment, according to GlobalData, a leading data and analytics company. GlobalData’s latest Saudi […]
GLP-1R agonist withdrawal effect on weight loss and cardiovascular risks remains unmet need, says GlobalData
Eli Lilly recently published the results of a Phase III trial investigating the maintenance of Zepbound’s weight loss effects in overweight and obesity patients. Zepbound is Eli Lilly’s new glucagon-like peptide-1/gastric inhibitory polypeptide (GLP-1/GIP) dual agonist, approved by the FDA in November 2023, showing great promise compared to the other GLP-1R agonists on the market. […]
APAC automotive front-end modules market to register 2.5% CAGR over 2023-28, forecasts GlobalData
Due to the growing production of small and light vehicles and the increased focus on passenger and driver safety, the market for automotive front-end modules is witnessing a rapid expansion. Moreover, automotive manufacturers are increasingly adopting innovative front-end modules to gain a competitive advantage and accelerate market growth. Against this backdrop, the automotive front-end modules […]
China general insurance industry to reach $361 billion by 2028, forecasts GlobalData
The Chinese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.4% from CNY1.6 trillion ($237.2 billion) in 2023 to CNY2.3 trillion ($361.0 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 general insurance […]
AI and strategic partnerships to help Singapore accelerate transformation of kidney disease management, says GlobalData
Kidney failure poses a major health challenge in the Asia Pacific (APAC) region, with Singapore standing out as one of the APAC countries with a high incidence of end-stage renal disease. To address this issue, Singapore is actively working with national and international organizations to develop and implement new artificial intelligence (AI)-based models. This is […]
European Court of Justice ruling will fundamentally change soccer industry, says GlobalData
Following the news that the European Court of Justice (ECJ) has found that UEFA and FIFA have broken competition laws by blocking the creation of the European Super League (ESL); Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “The ECJ’s ruling that UEFA and FIFA have […]
AI revolutionizes material discovery across various industries, finds GlobalData
Artificial intelligence (AI) is transforming material discovery, ushering in a new era of innovation across key industries such as renewable energy, semiconductors, and pharmaceuticals. This shift is enabling faster, more efficient discovery processes, breaking down traditional barriers in research and development, and paving the way for unprecedented advancements in material science, according to GlobalData, a […]
UK furniture resale market growth will surge by 40.8% between 2022 and 2027, forecasts GlobalData
Aided by growing financial and environmental concerns among consumers, the UK furniture resale market is forecast to grow by 40.8% between 2022 and 2027 to reach a value of £1,101 million, outpacing the total furniture market, which is set to increase by 7.9% in the same period, according to GlobalData, a leading data and analytics […]
APAC automotive electric and electronic distribution systems market to see 2.5% CAGR over 2023-28, forecasts GlobalData
One of the most crucial parts of an automobile’s electrical system is the wire harness. In a typical car, it bundles up to 5km of cables. Profitable wire harness market opportunities are anticipated due to the rise in safety consciousness, strict government regulations, a connected car ecosystem, and the growing installation of communication devices in […]
Inflammatory bowel disease market risks contraction, says GlobalData
In recent years, the increase in inflammatory bowel disease (IBD) biologic treatments has been a major driving force in the growth of this market. In 2007, AbbVie’s Humira received approval from the FDA to treat moderate-severe Crohn’s disease (CD). Since then, the IBD market has seen the entry of seven biologics. With more biologics anticipated […]