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The economic impact of COVID-19 led to a reduction of HRK541.7m ($81.9m) between Croatian Defense expenditure plans in 2019* and 2020. However, GlobalData forecasts an increase in spending by 2026, with a focus on developing soldier equipment and small arms. The leading data and analytics company also notes that Croatia’s future priorities lie in strategic […]
Remote monitoring devices could become more accepted post-pandemic
Since the COVID-19 pandemic began spreading in earnest in early 2020, physicians have pushed to limit in-person appointments to minimize the risk of disease transmission. Patients have instead turned to using telehealth platforms and apps to continue receiving care from home. According to GlobalData, a leading data and analytics company, this experience may have improved […]
China to lead Asia’s refinery hydrocracking unit capacity additions by 2025, says GlobalData
China is expected to lead Asia’s refinery hydrocracking unit capacity additions, contributing about 56% of the regions’ total hydrocracking unit capacity additions between 2021 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrocracking Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
Suriname has potential to be oil hot spot, says GlobalData
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 28 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The leading data and analytics company noted that block operators TotalEnergies and Apache Corp awarded a contract for preliminary front-end engineering design […]
Major IT service came under bottom-line pressure in 2020, says GlobalData
The top 20 IT service providers by revenue recorded a 14.6% year-on-year (YoY) decline in cumulative net earnings Amid increasing digital transformation, 40% of the companies reported double-digit decline in net earnings For IT service providers, 2020 was one of the most challenging years for revenue growth. Their profitability fell as organizations resorted to cost […]
UK’s status as most visited destination for US tourists in Europe is threatened by mandatory quarantine, says GlobalData
The UK’s status as the most visited destination for US tourists in Europe is threatened by the mandatory quarantine on arrival. The list of European destinations now allowing US tourists to travel without quarantine is growing, meaning other European hotspots could prove to be more desirable in the short term, says GlobalData, a leading data […]
Snam SpA seeks to hire to improve M&A process, finds GlobalData
Snam SpA has advertised 200 roles within H1 2021, according to GlobalData’s Jobs Analytics Database. Since January 2020, the company has posted around 25 roles for merger and acquisition (M&A) out of which 14 roles are posted in 2021 as the company aims to build a team to evaluate potential targets for acquisitions or partnerships. […]
Nestlé’s job postings for Purina PetCare increased by 251% between Q1 2020 and Q2 2021, finds GlobalData
In November 2020, GlobalData revealed that Nestlé SA was shifting its business strategy towards its Purina PetCare segment (Purina PetCare drives new job postings at Nestle) and Nestlé’s annual report published in February 2021 reported that its Purina PetCare product category was indeed the largest contributor to growth, lending credibility to GlobalData’s study. In fact, […]
Decision for no spectators at Tokyo 2020 Olympics will represent an $800m hole in OCOG’s budget
Following the recent announcement that Tokyo has banned all spectators from attending the Olympic Games, due to Japan declaring a state of emergency in the capital amidst a surge in COVID-19 cases; Liam Fox, Sport Analyst at GlobalData, a leading data and analytics company, offers his view: “Not only has the decision to ban all […]
Japan intracranial stent market to witness 14% growth through 2025, forecasts GlobalData
The intracranial stents market in Japan is expected to grow at a compound annual growth rate (CAGR) of about 14% between 2020 and 2025, driven by the importance and time-sensitivity of neurological procedures, forecasts GlobalData, a leading data and analytics company. As COVID-19 cases subside and vaccinations continue, procedure volumes are expected to grow for […]
GlobalData ranks autonomous vehicles among top 10 innovation-led technologies, picks top startups
The convergence of automotive and technology industries is accelerating the pace of innovation in the mobility and transportation sectors, leading to a surge in patent grants relevant to autonomous vehicles (AVs) while also attracting venture capital (VC) investors’ interest in the area. GlobalData, a leading data and analytics company, has ranked autonomous vehicles among the […]
Asia to spearhead global refinery hydrocracking capacity additions by 2025, says GlobalData
Asia is expected to register the highest refinery hydrocracking capacity additions globally between 2021 and 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrocracking Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
McDonald’s offers new sensory experience to consumers across North and East India with Minions, says GlobalData
Fast food giant McDonald’s has recently launched a unique collection of ‘Minions’ toys with 36 different designs across the North and East India restaurants to offer its clients a bit of sensory experience during the unsettling COVID-19 pandemic times, says GlobalData, a leading data and analytics company. With every purchase of a McDonald’s ‘Happy Meal’, […]
Global adult epilepsy market to reach $8.35bn by 2030 driven by recent drug launches, says GlobalData
The adult epilepsy market is expected to grow from $5.82bn in 2020 to $8.35bn by 2030 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 3.7%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Epilepsy: Global Drug Forecast and Market Analysis to 2030 – Forecast […]
Microbiome-targeting pipeline addresses multiple immunological indications, says GlobalData
Microbiome is a space with high potential, a fact underlined by the complete absence of microbiome-targeting treatments on the market. This therapeutic area is set to evolve significantly in the coming years as the current pipeline holds numerous potential candidates, with the majority still in early stages of drug development and only four in late-stage […]
Current FIFA, UEFA, IOC sponsorship agreements worth over US$2.2bn reflect growing dominance of Chinese firms, says GlobalData
Combined annual value of FIFA’s Chinese partnerships in 2022 to be US$106m Euro 2020 awash with Chinese partnerships worth US$398m Chinese firms have emerged as some of the principal sponsors of the sports industry’s marquee events over the past decade, with notable partnerships with the Union of European Football Associations (UEFA), the Federation Internationale de […]
Zomato takes IPO route in search of new growth prospects in India, says GlobalData
Following the news that India-based online food aggregator Zomato Limited is all set to launch its three-day initial public offering (IPO) on 14 July 2021; Alisha Bajpai Singh, Senior Analyst at GlobalData, a leading data and analytics company, offers her view: “Zomato’s IPO is the biggest over the last one year after SBI Cards and […]
ADA 2021: Eli Lilly and Novo Nordisk will continue to compete over GLP-1RA market, says GlobalData
Eli Lilly and Novo Nordisk will continue to compete over the glucagon-like peptide 1 receptor agonist (GLP-1RA) market, with the strong possibility that the two pharmaceutical giants will completely own the space due to the current lack of other marketed competitors, including biosimilars. The two giants will likely push out the remaining competition, namely AstraZeneca’s […]
UK amber quarantine rule change will have limited benefits for European destinations, says GlobalData
Following today’s news (8 July 2021) that fully vaccinated UK travelers do not have to quarantine on return from countries on the amber list from 19 July 2021; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her view on the recent change: “Booking surges to popular European amber list destinations […]
Huntington’s disease market is forecast to reach $918m by 2030 in the 3MM
The Huntington’s disease (HD) market is projected to grow at a Compound Annual Growth Rate (CAGR) of 13.8%, reaching $917.7m by 2030 across the three major markets (*3MM). The major driver of this growth will be the launches of two novel symptomatic pipeline agents in this market, Neurocrine’s Ingrezza (valbenazine) and Prilenia’s Huntexil (pridopidine), says […]