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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 […]
Confusion over vaccine certificates could hamper travel recovery, says GlobalData
The lack of an internationally recognized vaccine certification system could hinder travel recovery as many travelers are left confused about quarantine requirements and travel restrictions. With varying rules, some may opt for domestic trips, dealing a blow to destinations that are dependent on international visitation, says GlobalData, a leading data and analytics company. Gus Gardner, […]
UK-based start-ups raise US$16.4bn VC funding during January to July 2021, finds GlobalData
Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at US$16.4bn, according to GlobalData, a leading data and […]
Increased use of virtual trials has contributed to improved patient accrual rates, says GlobalData
The increased use of virtual components such as eConsent, telemedicine, remote patient monitoring and wearables in clinical trials over the past decade has led to fewer trial delays or terminations due to low participant numbers says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Virtual Clinical Trials – Thematic Research’, COVID-19 lockdowns […]
Vietnam continues to attract foreign companies eying ASEAN expansion, says GlobalData
Following the news that Thailand-based Bank of Ayudhya has agreed to acquire SHB Finance from Saigon-Hanoi Commercial Joint Stock Bank in Vietnam; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “Bank of Ayudhya is the fifth largest bank in Thailand by assets while SHB Finance is among […]
US reinforces its focus on Indo-Pacific with Malabar-21, says GlobalData
Following the commencement of the four-day maritime exercise Malabar-21; Sourabh Banik, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the countries that are participating: “The annual exercise has traditionally focused around strengthening military ties among the US, Japan, Australia and India and is seen largely to counter […]
Business venture restructuring in China to help Mazda Motor to improve competitive position, says GlobalData
Following the news that Japanese automaker Mazda Motor Corp has agreed to restructure car joint venture (JV) with Chinese partners Changan and FAW; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The restructuring, which makes Changan Mazda Automobile Co., Ltd. (CMA), a new venture, and […]
New Zealand fixed communication service revenue to grow at 2.9% CAGR over 2021-2026, forecasts GlobalData
The total fixed communication services market in New Zealand is expected to reach US$1.2bn in 2026, increasing at a compounded annual growth rate (CAGR) of 2.9% between 2021 and 2026, supported by revenue growth in both fixed voice and broadband service segments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s […]
Global hematological cancer market set to grow rapidly across all treatment segments in the next five years, says GlobalData
The hematological cancer therapy market is diverse and highly genericized, with chemotherapies currently accounting for the highest number of marketed drugs. However, the availability of more targeted and innovative therapies means that sales of antibodies, cell therapies and targeted therapies are all set to increase to 2027 at Compound Annual Growth Rates (CAGRs) of 11.5%, […]
Top five themes reshaping the soft drinks sector over 2021/2022, according to GlobalData
After a tumultuous 18-month period following the COVID-19 pandemic, the global soft drinks market is expected to grow by 3.6%* in 2021 to 898.5 billion litres compared to 2020, primarily driven by energy drinks and iced/RTD tea style beverages. In order to navigate this developing market, GlobalData, a leading data and analytics company, has identified […]
Semiconductors crisis costs car companies up to $100 billion in lost revenue so far this year
Analysis by GlobalData, a leading data and analytics company, suggests that the automotive industry – so far this year – is being hit by lost production and revenue worth up to $100bn caused by the chips shortage. “Losses will extend at least into Q3, but are expected to ease in Q4 as chip inventory is […]
Sustainability fuels growth of APAC resale and rental apparel market, says GlobalData
The resale and the rental models are two different ways to achieve a circular economy. However, resale has gained more traction than the rental model in recent times due to a slew of investments and luxury brand partnerships. Emphasizing on the importance of circular economy and sustainability in the retail business, 39%* and 29%* of […]
Approval of first interchangeable biosimilar insulin will increase competition with payer contracts, says GlobalData
When it comes to insulin choice, price is currently the biggest barrier, as insulin brand preference is primarily determined not by a doctor, but through payer contracts with pharma companies, according to GlobalData. The leading data and analytics company notes that while patients will be increasingly prescribed Viatris/Biocon’s Semglee (biosimilar insulin glargine-yfgn) over Sanofi’s Lantus […]
Comcast’s acquisition of Masergy creates a threatening new competitor on the global B2B telecoms scene, says GlobalData
Following the news that Comcast Business proposed an acquisition of Masergy; Gary Barton, Principal Enterprise Technology and Services Analyst at GlobalData, comments: “This is a very smart acquisition by Comcast Business. Masergy has been one of the most disruptive players in the market for more than a decade. It has intelligently designed its software-defined networking […]
Low western military recruitment having a knock-on effect to space industry hiring, says GlobalData
Following the release of the US Space Force’s new recruitment ad; Madeline Wild, Associate Defense Analyst at GlobalData, a leading data and analytics company, offers her view on Western military recruitment issues: “The advert’s ‘Space is hard’ message may suggest some of the technological barriers the industry has and must overcome to pull off successful […]
Apple, Google, Amazon’s Vietnam related sentiments down 7% in 2021 with production shift delays, reveals GlobalData
The spread of the Delta variant of the COVID-19 pandemic has hampered sentiments around Vietnam for Apple Inc. (Apple) in 2021, while Alphabet Inc. (Google) and Amazon.com Inc. (Amazon) have had fewer discussions around the country, with a dip in sentiments, according to the Filing Analytics Platform of GlobalData, a leading data and analytics company. […]
AI-related jobs have increased by 165% since July 2020 due to rapid rise of digitization, says GlobalData
It is often worried that the rise of artificial intelligence (AI) will negatively impact employment, but GlobalData notes that the rush for digitization and Industry 4.0 have actually provided a boost to available job opportunities and will continue to do so. The data and analytics company points out that there has been a 165% increase […]
Just Eat’s hiring spree won’t just stop at the UK, as GlobalData’s Jobs Database reveals scope to hire 2000+ roles in France
Following the news that Just Eat is set to create 1,500 jobs at its Sunderland site; Ajay Thalluri, Business Fundamentals Analyst at GlobalData, offers his view based on the findings of GlobalData’s Jobs Analytics platform: “Just Eat is leaving outsourcing behind when it comes to customer service, and it won’t stop with the UK. The […]
Global cooperation essential to address gas flaring, according to GlobalData
The growing public awareness about global warming and climate change have catapulted world leaders to address the gas flaring issue. Global platforms such as the UN are encouraging countries to set themselves targets to reduce and subsequently eliminate gas flaring from oil and gas operations. Industry consortiums such as IPIECA and OGCI are designing framework […]
Top five innovative flavors shaping the global soft drinks landscape in 2021, according to GlobalData
The non-alcoholic drinks sector recorded a compound annual growth rate (CAGR) of 0.9%* between 2015 and 2020. Producers have seen a challenging landscape in recent years, battling rising costs, sugar taxes, packaging legislations and, of course, the COVID-19 pandemic. This resulted in global efforts to reduce calorie and sugar content in product ranges, as well […]