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The Malaysia’s soups market is projected to grow at a compound annual growth rate (CAGR) of 1.0% from MYR61.1m (US$14.6m) in 2020 to MYR64.3m (US$15.2m) in 2025, driven by the growing demand of convenient food options among busy consumers, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Soups Market Assessment and Forecasts […]
COVID-19 likely to have long-term impact on global diabetes market, says GlobalData
Prior to the COVID-19 pandemic, the diagnosed prevalence of type 1 diabetes (T1D) was predicted to grow annually by 0.93% in the US, and the diagnosed prevalence of type 2 diabetes (T2D) was expected to grow annually by 1.8%, according to GlobalData, a leading data and analytics company. As diabetes case numbers are expected to […]
GlobalData Startup Scorecard reveals flurry of IPOs by Unicorns
Initial public offering (IPO) has been one of the favored routes for venture capitalists (VCs) to exit and earn a hefty return on investment (ROI) on their portfolio of startup investments. Against this backdrop, 10 startup unicorns (with >US$1bn valuation) have tapped public markets between January and April 2021 and more are set to go […]
Natures Organics taps into refillable packaging to minimize waste, says GlobalData
Australian personal care brand Natures Organics has launched ‘My Soda’, the first haircare brand in Australia to offer sustainable refill solutions in supermarkets, designed to curb plastic waste by almost 80%, says GlobalData, a leading data and analytics company. Namrata Sain, Consumer Insights Analyst at GlobalData, says: “As consumers turn away from single-use plastics, manufacturers […]
Increasing natural catastrophes accelerate reinsurance demand in Asia-Pacific, says GlobalData
Increasing frequency of natural catastrophic events has created demand for reinsurance in the Asia-Pacific (APAC) region as domestic insurers seek financial resources to cover such massive risks, according to GlobalData, a leading data, and analytics company. GlobalData’s insight report, ‘Global Reinsurance Market Outlook, 2021 Update – Market Analysis, Key Trends, Competitive Intelligence, Drivers, Challenges, Regulatory […]
Strategic reorganization, increased investment in antibody drug conjugates reaffirm Daiichi Sankyo’s long-term oncology goals, says GlobalData
Japanese pharmaceutical company Daiichi Sankyo received a major headway in the global oncology space with the launch of its first antibody drug conjugate (ADC) therapy trastuzumab (Enhertu). In addition to the strong ADC follow-up pipeline, the establishment of a new unified oncology business unit aligning the US and EU markets and increased investment in ADC […]
Indonesia’s soups market to grow at 6.9% CAGR over next five years, forecasts GlobalData
The Indonesia’s soups market is projected to grow at a compound annual growth rate (CAGR) of 6.9% from IDR108.5bn (US$7.7m) in 2020 to IDR151.3bn (US$10.2mn) in 2025, owing to the rising demand of instant and shelf-stable soups products among busier consumers, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Soups Market Assessment […]
Thailand’s soups market to reach US$22.7m in 2025, forecasts GlobalData
The Thailand soups market is projected to grow at a compound annual growth rate (CAGR) of 5.0% from THB537.7m (US$17m) in 2020 to THB687.8m (US$22.7m) in 2025, owing to healthy, tasty and convenient nature of packaged soups, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Soups Market Assessment and Forecasts to 2025’, […]
FMCG drags its feet over AI initiatives but platform revenue will reach $3.5bn by 2024, says GlobalData
With the consumer goods sector being so saturated, no company in this space can afford to forget about artificial intelligence (AI), says GlobalData, a leading data and analytics company. These companies have been slow to integrate AI into their business processes so far; pilot projects have been popular, but few companies have created comprehensive AI […]
Roflumilast set to launch in 2022 across 7MM
Following Arcutis Biotherapeutics’ announcement of new data from its pivotal DERMIS-1 and DERMIS-2 studies of topical phosphodiesterase-4 (PDE4) inhibitor roflumilast for plaque psoriasis (PsO) at the EADV Spring Symposium, leading data and analytics company, GlobalData, notes that this additional data supports rofilumast’s robust safety and efficacy profile. Tiffany Chan, Immunology Analyst at GlobalData comments: “In […]
Lowering US GHG emissions disruptive to oil and gas sector if direct bans or taxes implemented
The US path to carbon neutrality by 2050 put forth by the current administration will require an alignment of new technology, regulations and markets. Despite the energy-related executive orders signed during the first weeks of Joe Biden’s presidency, at the national level there are no substantial measures yet implemented with respect to lowering GHG emissions. […]
GlobalData reveals top 10 power influencers on Twitter during Q1 2021
An analysis of GlobalData’s Power Influencer Platform, which tracks more than 100 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Tor Valenza, Founder and CMO at UnThink Solar, as the top influencer on power during the first quarter […]
Novartis, Cadila Healthcare lead ankylosing spondylitis digital marketing space in India, reveals GlobalData
The ankylosing spondylosis (AS) treatment landscape in India is moderately established with a few disease-modifying anti-rheumatic drugs (DMARDs) available from innovator companies along with biosimilars and generics. Among the innovator and biosimilar companies, Novartis and Cadila Healthcare are the only companies to offer support to AS patients through digital channels, finds GlobalData, a leading data […]
China well positioned to emerge as key player in chip technology, says GlobalData
To counter the geopolitical challenge and reduce its dependence on the US, China is accelerating investment in next-generation enabling technologies. Against this backdrop, the country is well-positioned to lead in the emerging Internet of things (IoT) arena, as chip technology is one of the key enablers for IoT, says GlobalData, a leading data and analytics […]
Vertex monopoly of the cystic fibrosis space signaled by another label expansion, says GlobalData
Vertex, the current owner of the entire cystic fibrosis transmembrane conductance regulator (CFTR) modulators’ market share, is expected to remain the market leader over the next decade, says GlobalData, a leading data and analytics company. Mandana Emamzadeh, PhD, Healthcare Analyst at GlobalData, comments: “Many pipeline products have emerged in the early stage of development and […]
US and UK healthcare industry professionals are positive UK will remain attractive destination for healthcare research post-Brexit, says GlobalData
While post-Brexit regulatory changes continue to cause significant uncertainty for the UK’s healthcare sector, the UK Government’s initiatives, such as the Medicines and Medical Devices Act, provide much-needed opportunities to shape the environment for innovative healthcare following Brexit, says GlobalData a leading data and analytics company. GlobalData’s latest report, ‘Brexit and the Healthcare Industry – […]
Construction industry is ripe for AI adoption as AI platform spending in construction set to grow to $1bn by 2024
Following the news that AI-powered construction software company Procure has filed for an IPO (initial public offering); Dr Lil Read, Thematic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “Procore is the embodiment of ‘right company at the right time’. While COVID-19 initially postponed Procore’s IPO, it could now be […]
Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2025 – Capacity and Capital Expenditure […]
Travel apps will play key role in tourism recovery
The desire for a ‘seamless’ travel experience will have heightened during COVID-19 with travelers searching for an easy-to-use platform, where they can be inspired and informed of where they can travel safely. COVID-19 has increased the race to deploy contactless processes, digital health passes and safely store customer data. Therefore, companies should be looking to […]
Slovenia could be the next trending destination in Europe
While still a relatively unknown quantity on the international stage, Slovenia holds key attributes needed to become the next trending European destination in post-pandemic travel, says GlobalData, a leading data and analytics company. According to GlobalData, international arrivals to Slovenia in 2019 reached 4.7 million. This total meant that the small Central European country was […]