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China’s National Medical Products Administration (NMPA) has approved its second chimeric antigen receptor T (CAR-T) cell immunotherapy product JW Therapeutics’ relmacabtagene autoleucel injection (relma-cel) shortly after the approval of its first CAR-T therapy, Gilead & FosunKite’s Yescarta, in June 2021. With several CAR-T therapies in Phase II pipeline in China, particularly dominated by domestic companies, […]
Enterprise server spending in Australia to increase at 6.3% CAGR over 2020-2025, forecasts GlobalData
The total addressable market size of enterprise servers in Australia, in terms of spending opportunity, is poised grow at a compound annual growth rate (CAGR) of 6.3% to reach US$1.3bn in 2025, led by the ongoing enterprise digital transformation initiatives and IT modernization efforts, says GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
Amylyx’s ALS drug AMX0035 likely available much sooner than expected, says GlobalData
Following the recent shift in the FDA’s stance on Amylyx Pharmaceuticals’ AMX0035* new drug application (NDA), leading data and analytics company, GlobalData, expects that this drug could be available for amyotrophic lateral sclerosis (ALS) patients much sooner than anticipated. Sarah Elsayed, Neurology Analyst at GlobalData, comments: “As AMX0035 targets a serious neurological condition with huge […]
Philippines mobile services revenues to grow at 5.6% CAGR over 2021-2026, forecasts GlobalData
The total mobile services revenue in the Philippines is set to increase at a compounded annual growth rate (CAGR) of 5.6% from US$4.1bn in 2021 to US$5.4bn in 2026, mainly due to the rising adoption of mobile data services, according to GlobalData, a leading data and analytics company. According to Global Data’s Philippines Mobile Broadband […]
Tech-enabled asset management holds key for oil & gas upstream industry, says GlobalData
The upstream oil & gas industry is investing heavily in search for new reserves or resource plays, new extraction technologies, and advancements in operational automation. Even though this involves some risk, tech-savvy businesses understand that today’s investment can shower massive returns in the future. Regardless of the asset type, the need of the hour is […]
$1.45bn attributed to Europe’s kit supplier market across the 15 biggest leagues for the 2021-22 season, says GlobalData
The English Premier League has, yet again, been identified as the biggest financial market for league-wide kit supplier deals, according to GlobalData. The leading data and analytics company found that this season’s Premier League has an overall combined value of $0.51bn, accounting for over a third of the total value across the 15 biggest leagues […]
Mining companies need to become leaders in ESG, says GlobalData
Metals and minerals will play an important role in the global transition to a greener future. Mining executives now have a choice: let environmental, social and governance (ESG) issues run them out of business or use it as an opportunity to become tomorrow’s leader, says GlobalData. The leading data and analytics company notes that companies […]
Vertex to replace Trikafta as gold standard treatment for cystic fibrosis but other CTFR therapies welcome, says GlobalData
Of the five late-stage pipeline products expected to be licensed in the 7MM* for cystic fibrosis (CF) between 2020 and 2030, four will be CF transmembrane conductance regulator (CFTR) modulators, according to GlobalData. The leading data and analytics company notes that Vertex’s next-generation triple combination, VX-121 + tezacaftor + VX-561 (deutivacaftor), is expected to replace […]
Companies are offering incentives as demand for drivers doubles, finds GlobalData
Demand for drivers* has surged in the last year, with job advertisements for these positions more than doubling from 16,417 in August 2020 to 34,515 in August 2021, according to the jobs analytics database by GlobalData. The leading data and analytics company notes that simply advertising for drivers is not enough and incentives such as […]
Fixed communications service revenue in Philippines to grow at 5% CAGR over 2021-2026, forecasts GlobalData
The total fixed communications service revenue in the Philippines is expected to increase at a compounded annual growth rate (CAGR) of 5.0% from US$3.6bn in 2021 to US$4.7bn in 2026, mainly driven by the strong growth in fixed broadband segment according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Philippines Fixed […]
Growing middle-class driving premiumization in Malaysia’s make-up sector, says GlobalData
Growing middle-class in Malaysia is driving premiumization of the country’s make-up sector. This in turn is driving the sector, which is forecast to grow at a compound annual growth rate (CAGR) of 5.2% from RM0.7bn (US$0.2bn) in 2020 to RM0.9bn (US$2.2bn) in 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Make-up […]
Oil-producing countries could lose up to $82bn a year due to global gas flaring, says GlobalData
Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is losing many oil-producing countries up to $82bn*, according to GlobalData. The leading data and analytics company notes that, even though technological solutions exist to avoid gas flaring, many countries persist with the activity – including developed countries such as the […]
Low level of innovation and generic competition to result in the neuroendocrine tumor market growing only 0.9% by 2030, says GlobalData
The market for neuroendocrine tumors (NETs) – a rare type of tumor where cancerous growth can begin in any cell within the hormone or nervous system – is expected to see a very slow 0.9% compound annual growth rate (CAGR) over the next decade in the world’s eight major markets (8MM*) due to substantial generic […]
WFH may see a return to local high streets and suburban hearts for restaurants and cafes in the US, says GlobalData
A third of the US population plans to work from home (WFH) more often following the pandemic, according to a Q2 survey by GlobalData. The leading data and analytics company notes that the continuation of flexible working will reshape foodservice in the US as we know it. For example, the value of takeaway coffee and […]
Tourism will provide US restaurant sector relief amid increased home dining trends
The US full-service restaurants (FSR) sector was one of the worst hit during the pandemic, with dine-in value recording a sharp year-on-year (YoY) decline of 26.3% in 2020. In a market now dominated by home-centric and digital lifestyles, professional and leisure travel occasions are set to boost restaurant footfall, according to GlobalData, a leading data […]
India’s make-up market growth to be led by quality-conscious, digitally savvy consumers, says GlobalData
The growth of make-up market in India is forecasted to grow at a compound annual growth rate (CAGR) of 9.6% from INR86.7bn (US$1.2bn) in 2020 to INR137.1bn (US$1.6bn) in 2025, majorly driven by quality-conscious and digitally savvy consumers, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Make-up – Market Assessment and […]
US Lower 48 production is set to exceed pre-pandemic levels
The United States’ (US) oil production outlook is set to grow over the next five years from 10.96 million barrels per day (mmbd) in the beginning of 2021 and reach more than 12.9 mmbd by 2030. The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected […]
European IOCs hold largest volumes of unsanctioned reserves in Sub-Saharan Africa, says GlobalData
Many international oil and gas companies (IOCs) are holding on to vast unsanctioned reserves in Sub-Saharan Africa, along with large numbers of discoveries with no semblance of associated development plans. With strategies leaning towards a lower carbon future and a shift away from high-risk investments, resources that no longer fit this narrative risk being left […]
81% of the $1.5bn Premier League clubs will earn in 2021/22 season will go to Big Six, says GlobalData
Of the $1.5bn in sponsorship revenue Premier League clubs are estimated to earn throughout the 2021/22 season, a 6.9% increase on the 2020/21 season, 81% will be channelled towards the *Big Six, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Business of the English Premier League 2021-22 – Property Profile, Sponsorship […]
US indirect channel for enterprise services a vital and vibrant market, says GloalData
The US indirect channel market is a cost-effective route for maximizing market penetration, according to leading data and analytics company GlobalData, which notes it is ever growing in complexity. Robert Pritchard, Senior Analyst at GlobalData, comments: “Often seen as the poor relation of direct sales in the communications market, third-party channels to market are alive […]