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The disease-modifying nature of cystic fibrosis transmembrane conductance regulator (CFTR) modulators has transformed the treatment paradigm for cystic fibrosis (CF) over the last decade, a trend that is likely to persist to 2030, and will greatly improve the quality of life and longevity of patients, according to GlobalData. The leading data and analytics company notes […]
2021 has been a blockbuster year for IPOs in the US with no signs of slowing down, says GlobalData
In the first seven months of 2021, US IPO activity thrived after a lackluster market environment in 2020, says GlobalData. According to the leading data and analytics company’s Deals database, there were 791 IPO listings registered with aggregate deal value of $212.5bn in the first seven months of 2021 on US stock exchanges. Compare this […]
European airlines must prepare for a challenging winter season, says GlobalData
European airlines are set to face a tough winter due to the ongoing pandemic and travel confidence likely remaining suppressed. Low fares will be key to stimulating demand as travel restrictions are likely to continue, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “With revenue […]
Healthcare institutions must ramp up cybersecurity measures to boost patients’ acceptance of RPM devices, says GlobalData
The COVID-19 pandemic has prompted a rapid increase in the integration and development of new technologies in the medical industry such as remote patient monitoring (RPM) devices. In fact, a survey by leading data and analytics company GlobalData notes that 66% of respondents stated they are more likely to use this technology since the pandemic. […]
Price hike by Indian automakers may hamper new vehicle sales, says GlobalData
Following the news that Indian automaker Maruti Suzuki is set to increase vehicle prices in September across India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The increase in prices though justified will add additional burden to customers’ pockets at a time when India’s struggling […]
APAC insurance giants report positive top-line performance, indicating robust premium growth in 2020, reveals GlobalData
The COVID-19 pandemic-induced rise in demand for life and health insurance products helped the top 20 Asia-Pacific (APAC) public insurance companies report aggregated premium of US$821.4bn, a year-over-year (y-o-y) growth of around 2.5% in their top-line performance in 2020, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Company Profiles Database reveals […]
Furloughed workers in UK increased pension contributions amid COVID-19, says GlobalData
According to the 2021 UK Life & Pensions Survey by GlobalData, 17.3% of furloughed workers in the UK have increased their pension contributions since the start of the COVID-19 pandemic. Further, the leading data and analytics company noted that 78.3% of furloughed workers made employee contributions of at least 6% – higher than the 5% […]
Collins Aerospace likely to follow FlightAware purchase with further flight tracking acquisitions, says GlobalData
Following the news that Collins Aerospace, a Raytheon Technologies business, is to acquire FlightAware; Madeline Wild, Associate Defense Analyst at GlobalData, a leading data and analytics company, offers her view: “The acquisition of FlightAware by Collins Aerospace signifies a commitment to its investment in artificial intelligence (AI) and machine learning (ML). GlobalData currently ranks Raytheon […]
July 2021 resilient for Toyota but output in coming months may succumb to supply disruptions, says GlobalData
Following the news that Japanese automaker Toyota Motor reported 11.9% growth in its global vehicle output; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The positive uptick in the production output, which comes at a time when most OEMs are struggling with their supply challenges, […]
Fresh Market ramps up hiring ahead of IPO, finds GlobalData
The Fresh Market Inc (Fresh Market) is hiring across its over 150 supermarkets in the US. The company is defining new business processes for pricing optimization, implementation of experience-based initiatives, and develop plans for high-quality restaurant meal replacement kits. Job postings increased from 849 jobs in January 2021 to 1,377 jobs in August 2021* at […]
Cartilage repair market set to reach $2bn by 2030 driven by regenerative medicine improvements, says GlobalData
The cartilage repair market is expected to reach $2bn by 2030 driven by improvements in regenerative medicine, according to GlobalData. The leading data and analytics company notes that regenerative therapy, including the generation and use of stem cells, tissue engineering, and the production of artificial organs, has huge potential to revolutionize different areas of medicine […]
Xywav set to become Jazz’s next blockbuster in the narcolepsy market, says GlobalData
The Food and Drug Administration (FDA) recently approved a new indication for Jazz Pharmaceuticals’ Xywav for the treatment of patients with idiopathic hypersomnia (IH), a rare neurologic disorder that can result in daytime sleepiness despite having a prolonged night sleep. The expanded use of Xywav in IH will further bolster the drug’s position ahead of […]
Mobile data revenues to drive overall mobile services market in New Zealand over 2021-2026, forecasts GlobalData
The overall mobile services revenue in New Zealand is poised to reach US$1.9bn in 2026, increasing at a marginal compound annual growth rate (CAGR) of 1.8% over 2021-2026, supported by growth in smartphone subscriptions and mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s New Zealand Mobile Broadband Model reveals […]
COVID-19 drags down aggregate revenue of top 50 APAC firms by 2.1% in 2020, reveals GlobalData
The COVID-19 pandemic has taken a toll on the financial performance of the top companies across the Asia-Pacific (APAC) in 2020. The year-on-year aggregate revenue of the top 50 APAC companies declined by 2.1% to $5,651.2bn in 2020, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Company Interim Reports Database […]
Solar PV and onshore wind capacity to witness rapid growth in China by 2030, says GlobalData
Renewable power capacity (excluding hydropower) in China is expected to increase from 572.89 GW in 2020 to 1,772.05 GW in 2030, growing at a compound annual growth rate (CAGR) of 12%. Solar PV and onshore wind are expected to witness swift growth in the country by 2030. The cumulative solar PV capacity is expected to […]
Monro hopes job listings boost and sign-on bonuses will help meet surge in customers, says GlobalData
US-based automotive company, Monro, has stepped up hiring in hope that it can meet service demands alongside building the workforce required to acquire new stores, according to GlobalData. The leading data and analytics company’s Jobs Analytics database notes that Monro has posted over 3,400 jobs between June 2021 and August 2021*. Interestingly, over 2,000 of […]
ByteDance hires to foray into US EdTech space, finds GlobalData
ByteDance has been listing jobs related to early childhood education since January 2021, suggesting its intentions to launch EdTech products to US K-12 schools, notes GlobalData. The leading data and analytics company’s Job Analytics database reveals that ByteDance’s focus has been on developing business cases and partnership plans in North America. Ajay Thalluri, Business Fundamentals […]
Mentions of ‘cybersecurity’ up in company filings in H1 in search for safer digital operations, says GlobalData
Amid the rush to digitize, cybersecurity has become the need of the hour amid rising cyberattack threats. Mentions of ‘cybersecurity’ in global companies’ earnings transcripts have largely been on the rise since Q2 2020, with nearly 33% growth in H1 2021 compared to the same time last year, according to leading data and analytics company […]
Taiwan likely to buy fighter jets despite modest defense expenditure increase, says GlobalData
Taiwan is likely to spend US$1.44bn on fighter jets in 2022 despite its overall modest defense budget, increasing only by US$67m over 2021 to a total expenditure of US$16.89bn, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Taiwan Defense Market Attractiveness, Competitive Landscape and Forecasts to 2026’ reveals that Taiwanese defense […]
General insurance industry in Saudi Arabia to reach SAR46.4bn in 2025, says GlobalData
Saudi Arabia’s general insurance industry is projected to grow from SAR37.5bn (US$10bn) in 2020 to SAR46.4bn (US$12.3bn) in 2025 in terms of gross written premiums, according to GlobalData. The leading data and analytics company notes that the COVID-19 crisis has prompted insurers to develop new products and expand their offerings. GlobalData has revised Saudi Arabia’s […]