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Despite a decline in the overall pay-TV accounts, pay-TV services revenue in Japan is expected to grow at a compound annual growth rate (CAGR) of 2.2% over the forecast period 2020-2025 supported by increasing aggregate average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. GlobalData’s Japan pay-TV Forecast Model reveals […]
Diagnosed prevalent cases of uveitis to reach 1.9 million by 2029 in the 9MM, says GlobalData
The diagnosed prevalent cases of uveitis in the nine major markets (*9MM) are projected to increase from 1.7 million cases in 2019 to 1.9 million cases in 2029, equating to an annual growth rate (AGR) of 0.97%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Uveitis – Epidemiology Forecast to 2029’, […]
COVID-19 to hit world debt harder than WWII, says GlobalData
Despite optimistic expectations around global economic recovery, global debt is expected to skyrocket by the end of 2021 due to continuous rise in government and corporate spending in response to the ‘Great Lockdown’ of the COVID-19 pandemic, says GlobalData. Analysis by the leading data and analytics company has highlighted that debt is forecast to surpass […]
Under Armour increases hires for stores amid DTC shift, finds GlobalData
Sportswear brand Under Armour has been on a hiring spree, according to the Jobs Analytics database by GlobalData, which noted that Under Armour had posted over 2,300 jobs in Q2 – a 151% increase when compared to Q1. This included a spurt of hiring activity in April 2021 – the first time in over a […]
Influential media organizations are leaning towards retail as a powerful stream of revenue, says GlobalData
The COVID-19 pandemic has created synergistic opportunities for media and retail companies, as consumers find themselves spending more time online. Large online media and entertainment organizations are now partnering with retailers to provide exclusive goods and merchandise on their platforms, says GlobalData, a leading data and analytics company. With *95% of consumers stating that they […]
Teplizumab’s approval will be paradigm changing for T1D as first disease-modifying therapeutic, says GlobalData
The Food and Drug Administration (FDA)’s Endocrinologic and Metabolic Drugs Advisory Committee voted in favor of Provention Bio’s teplizumab 10-7 to delay the onset of type 1 diabetes (T1D). In the eight major markets (8MM*) the number of diagnosed prevalent cases of T1D will grow at an annual growth rate (AGR) of 1.78%, from 3.3 […]
Overactive Bladder market characterized by significant untapped potential, says GlobalData
Untapped potential within the overactive bladder (OAB) market remains considerable due to under-diagnosis and under-treatment of this highly prevalent condition, according to GlobalData, a leading data and analytics company. Key opinion leaders (KOLs) interviewed by GlobalData verified that only a minority of patients with OAB, a symptom complex characterized by urinary urgency, with or without […]
Asia-Pacific global military-fixed wing market to be worth US$42.2bn by 2031, says GlobalData
Growing at a CAGR of 1.77%, the fixed-wing market in Asia-Pacific is projected to value US$42.2bn by 2031 compared to US$35.5bn in 2021. China and India are emerging as significant contributors in the military fixed-wing market owing to the geopolitical tensions, the need to replace the aging aircraft fleets, and to incorporate new technologies. The […]
Foodservice profit sector in New Zealand to grow strongly at 7.7% CAGR during 2020-2025, says GlobalData
New Zealand’s foodservice profit sector is forecast to grow strongly from NZ$8.3bn (US$5.8bn) in 2020 to NZ$12.1bn (US$8.8bn) in 2025 at a compound annual growth rate (CAGR) of 7.7%, says GlobalData, a leading data and analytics company. During 2015–2020 period, the profit sector revenue fell by a CAGR of -5.6%. Closures of restaurants, cafes and […]
Car production recovery in UK hitting turbulence, says GlobalData
Following the news from the SMMT that 54,962 cars were produced in the UK in May, well up on Covid-wrought May 2020 (5,314 cars produced), but still down 52.6% on 2019’s level; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The decline to UK car output in May […]
Philippines foodservice profit sector to move further towards digitalization, says GlobalData
The Philippines’s foodservice profit sector is projected to recover strongly at a compound annual growth rate (CAGR) of 11.6% from ₱578.1bn (US$10.8bn) in 2020 to ₱1,002.3bn (US$18.5bn) in 2025. Convenience is the major factor of growth as the industry is likely to witness a growing shift towards outlet digitalization along with adoption of new formats […]
Demand of haircare products in South Korea surged in 2020 due to ‘at-home’ treatments rise during COVID-19, says GlobalData
The South Korean haircare market is projected to grow from ₩1,372.9bn (US$1.2bn) in 2020 to ₩1,504.4bn (US$1.3bn) by 2025 at a compound annual growth rate (CAGR) of 1.8% over the 5-year period. Despite the COVID-19 outbreak and lockdown restrictions, the demand of haircare products increased in 2020 due to the rise in ‘at-home’ alternatives to […]
Japan’s haircare market development primarily driven by salon haircare growth, says GlobalData
The Japanese haircare sector is forecast to grow from J¥611bn (US$5.7bn) in 2020 to J¥640.2bn (US$6.7bn) in 2025, growing at a compound annual growth rate (CAGR) of 0.9% over the 5-year period. The Japanese haircare market growth is majorly driven by salon haircare growth, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan […]
Growing urbanization to drive Malaysia’s packaging market at 2.5% CAGR through 2025, reveals GlobalData
The Malaysian packaging industry is forecast to grow at a compound annual growth rate (CAGR) of 2.5% from 17.6 billion units in 2020 to 20.2 billion units in 2025 due to growing urbanization and hectic lifestyles of consumers, reveals GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Packaging Industry – Market Assessment, Key […]
Food, beverage startups must understand evolving market dynamics to meet growing demand for alternative protein products, says GlobalData
Soaring appetite for livestock-based products are creating prolonged and persistent environmental and social issues. As a result, changing consumer behavior towards alternative protein options—due to health awareness as well as animal welfare, disruptive R&D technologies, new product launches, and subsequently venture capital (VC) investments are driving the growth of the global alternative protein industry. In […]
Thailand packaging market to reach 67.6 billion units in 2025, reveals GlobalData
The packaging sector in Thailand is expected to reach 67.6 billion units in 2025, registering a compound annual growth rate (CAGR) of 1.5% during 2020-2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Packaging Industry – Market Assessment, Key Trends and Opportunities to 2025’ reveals that the sector is majorly driven by […]
RCEP trade deal aids regional economic integration but Japan needs to be cautious of Chinese influence, says GlobalData
Following today’s (25 June) news about Japan signing the regional comprehensive economic partnership (RCEP) trade agreement involving China, Australia and the Association of Southeast Asian Nations (ASEAN): Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The trade deal marks the first trade agreement of Japan with its […]
Rapid-acting Sage Therapeutics and Biogen’s zuranolone could alter way depression is treated, says GlobalData
Sage Therapeutics and Biogen have recently announced positive results from a pivotal Phase III trial for their novel, GABA A receptor allosteric modulator, antidepressant zuranolone. Zuranolone could alter the way major depressive disorder (MDD) is treated with a focus on episodic treatment instead of maintenance treatment, says GlobalData, a leading data and analytics company. Philippa […]
Haircare market in India to grow at 9.1% CAGR during 2020-2025, forecasts GlobalData
The Indian haircare market is projected to grow from INR320bn (US$4.3bn) in 2020 to INR494.3bn (US$5.9bn) by 2025 at a compound annual growth rate (CAGR) of 9.1% over the 5-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Haircare – Market Assessment and Forecasts to 2025’ reveals that the Indian haircare […]
EE’s roaming charge reintroduction post-Brexit simply irritating for Brits and an indicator of future challenges’ says GlobalData
Since 2017, EU citizens have been able to use their call, text and data allowances when travelling in the EU area without incurring extra cost. However, following the UK and EU’s trade deal in December 2020 as part of the Brexit process, EE has announced that it will become the first UK operator to reintroduce […]