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shankar besta

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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 […]
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GCAP to keep aircraft development costs down for Japan amid economic turmoil, says GlobalData

With the formal signing of the agreement recently to create the International Government Organization for the development of a new fighter jet under the Global Combat Air Programme (GCAP), the three signatory countries, comprising the UK, Italy, and Japan, will be able to share expertise and technologies while lowering the development costs. Among other advantages […]
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Female contraceptives market across 7MM to see only slight growth over next 10 years, forecasts GlobalData

The female contraceptives market across the seven major markets (7MM*) is forecast to slightly increase at a compound annual growth rate (CAGR) of 0.5% from $7.8 billion in 2022 to $8.2 billion in 2032, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Female Contraceptives in Major Markets, Disease Management, Epidemiology, Pipeline […]
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Coupang’s e-commerce expertise makes it well placed to turn around Farfetch’s ailing online proposition, says GlobalData

Following yesterday’s news that South Korean e-commerce giant Coupang has acquired Farfetch; Alice Price, Apparel Analyst at GlobalData, offers her view: “Coupang’s rescue deal of Farfetch for $500m, after it was once valued in the region of £20bn, is a culmination of several factors, the first being its position as an online pureplay, as luxury […]
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APAC automotive fuel tanks market to record negative CAGR of 0.5% over 2023-28, forecasts GlobalData

To meet rising customer demand for enhanced standards, automotive manufacturers worldwide are increasingly substituting metal fuel tanks with lighter plastic tanks. Against this backdrop, the automotive fuel tanks market in Asia-Pacific (APAC) is forecast to register a negative compound annual growth rate (CAGR) of 0.5% over 2023-28, according to GlobalData, a leading data and analytics […]
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APAC automotive roof systems market to record 4.4% CAGR over 2023-28, forecasts GlobalData

The market for automotive roof systems is expanding due to advancements in material technology, rising premium vehicle demand, and increasing consumer preference for advanced roof systems in developing countries. Additionally, rising automotive vehicle sales and the gradual increase in the use of solar sunroofs in electric vehicles (EVs) globally are expected to open new markets […]
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Madrigal’s efforts for resmetirom will set tone for future launches of NASH therapies, says GlobalData

Following the FDA’s acceptance of Madrigal Pharmaceuticals’ new drug application (NDA) and priority review for its THR-β agonist (resmetirom) in non-alcoholic steatohepatitis (NASH) in September 2023, the company has taken steps to fortify its leadership and financial position to gear up for the imminent launch of resmetirom. The measures initiated by Madrigal for the launch […]
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APAC suspension systems market to register 2.5% CAGR over 2023-28, forecasts GlobalData

Suspension systems are becoming increasingly important for automobile manufacturers and suppliers to provide enhanced driving experiences and vehicles that are well-equipped to handle the challenges of any region, with a focus on safety, comfort, and sustainability. Against this backdrop, the automotive suspension systems market in Asia-Pacific (APAC) is forecast to register a compound annual growth […]
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Yuanruida gets first mover advantage in r/r B-cell ALL treatment in China, says GlobalData

CASI Pharmaceuticals and Juventas Cell Therapy recently received approval from China’s National Medical Products Administration (NMPA) for Yuanruida (Inaticabtagene Autoleucel/CNCT19), a domestic CD19-targeting CAR-T therapy for relapsed/refractory B-Cell Acute Lymphocytic Leukemia (r/r B-Cell ALL). The approval positions both companies as trailblazers in China’s dynamic oncology landscape and cell therapy.  As the first homegrown CAR-T to […]
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China’s COMAC C919 likely to challenge established players in passenger aircraft market, says GlobalData

Following the news that the China’s domestically manufactured COMAC C919 will make its first flight outside mainland China in the next few days; Kandlikar Venkatesh, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The development of the COMAC C919 represents a significant achievement for China in the narrow-body aircraft segment. […]
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Alcoholic beverage brands generate $147.26 million in sports sponsorship revenue in APAC for 2023, reveals GlobalData

Sponsorship plays a crucial role in supporting sports properties around the APAC region, in maintaining their operations, and in improving their regional and global exposure. It contributes to the enhancement of sports in APAC and increases exposure to those brands. Overall, 236 alcoholic beverage brands engaged in sports sponsorship within APAC in 2023, generating a […]
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Modernization efforts to spur Canada’s defense expenditure to $23 billion in 2028, observes GlobalData

Canada’s defense strategy is mainly designed to safeguard its national interests and support its allies in their objectives towards global security. The country is expected to increase its defense budget to $23 billion in 2028 with a modest compound annual growth rate (CAGR) of 2.7% over the period 2024–28 to modernize its armed forces through […]
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Civil society must hold the private sector accountable for ambitious climate action, says GlobalData

Following day five of COP28, GlobalData Thematic Intelligence analysts offer their views: Thomas Pothalingam, Analyst, Thematic Intelligence at GlobalData, offers his view: “Transparency and accessibility are paramount for effective climate interventions and tackling the growing impacts of climate change on the most vulnerable communities. COP28’s Global Stocktake and Climate Accountability: Unlocking Finance and Action event […]
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