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Following the news that the US Food and Drug Administration (FDA) has authorized Pfizer and BioNTech’s Comirnaty for adolescents 12 to 15 years of age, following 100% vaccine efficacy in a Phase III trial; Philipp Rosenbaum, PhD, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “As the first COVID-19 […]
China point of care PCR systems market to witness 10.6% growth through 2025, forecasts GlobalData
The point of care (POC) polymerase chain reaction (PCR) systems market in China is expected to grow at a compound annual growth rate (CAGR) of 10.6% between 2020 and 2025, driven by the effectiveness of POC analyzers in the rapid detection of infectious diseases specifically COVID-19, forecasts GlobalData, a leading data and analytics company. GlobalData’s […]
Asia to spearhead global trunk/transmission pipeline length additions by 2025, says GlobalData
Asia is expected to drive the global planned and announced trunk/transmission pipeline length additions contributing about 36% of the oil and gas pipeline length additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2021–2025 – India and the US Lead […]
UK pandemic savers could provide a boost to long-haul destinations post-COVID-19, says GlobalData
Those who were able to save during the COVID-19 pandemic may now be considering a ‘bucket list’ trip, as canceled trips and a reduced ability to travel has left bigger budgets for more once-in-a-lifetime trips. This could provide a much-needed boost to destinations that require long-haul flights, says GlobalData, a leading data and analytics company. […]
Emerging markets indicate preference for contemporary sustainability frameworks, finds GlobalData
The Q1 2021 Verdict survey* by GlobalData, conducted to assess the perception around sustainability reporting, found that 74% of respondents voted in favour of public companies using objective and contemporary frameworks. Examples of these framework types include the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD) and the United Nations’ […]
Nuclear power will remain dominant source of power generation in Bulgaria to 2030, says GlobalData
Electricity demand in Bulgaria stood at 30.9 TWh in 2020, more than half of which is fulfilled by nuclear power generation. Nuclear power will remain the dominant source for power generation in the country until 2030 accounting for 14.1 TWh, despite the government’s plans to replace it with renewable power capacity, says GlobalData, a leading […]
Spain’s defense expenditure set to reach US$18.3bn in 2026 to combat rising hybrid threats, says GlobalData
Spain’s defense expenditure has risen incrementally, growing from US$9.8bn in 2017 to US$13.3bn in 2021 at a compound annual growth rate (CAGR) of 7.95% and is set to reach US$18.3bn by 2026, according to GlobalData, a leading data and analytics company. The country is committed to service-wide platform modernization to keep pace with NATO inter-operability […]
Airline industry ripe for new low-cost carriers as travelers remain concerned about finances, says GlobalData
With low barriers to entry and financial concerns still high among travelers, now may be the most opportune time for new low-cost carriers (LCC) to enter the market, says GlobalData, a leading data and analytics company. Following a recent surge of airlines announcing their intent to launch, the LCC business model is being primed for […]
Card payments in China to rebound with 21.3% growth in 2021, forecasts GlobalData
Card payments in China have been on a sustained growth for the last few years. While the growth was affected by the COVID-19 pandemic in 2020, it is set to rebound with a 21.3% growth in 2021, says GlobalData, a leading data and analytics company. Nikhil Reddy, Payments Senior Analyst at GlobalData, comments: “Card payments […]
High cost of PCR tests will continue to negatively impact international travel recovery, says GlobalData
Vaccination rollouts have been pinpointed as a catalyst for the recovery of travel, but the pricing of PCR tests is also a critical factor and risks holding back recovery in the long-term, says GlobalData, a leading data and analytics company. Prices for COVID-19 PCR tests do vary, but can dramatically increase the cost of an […]
API manufacturing opportunities on horizon due to increasing innovative biologic approvals
The Food and Drug Administration (FDA) approved more biologic new molecular entities (NMEs) in 2020 than in any other year in the previous decade, while at the same time, sponsors increased the outsourcing of these biologics’ active pharmaceutical ingredient (API) manufacturing. Mega cap and large cap companies sponsored 52% of FDA approvals of biologic NMEs […]
Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices
Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, ‘Q1 2021 Global Oil & Gas Industry […]
Liberal withdrawal of accelerated approvals will have negative ramifications for oncology patients, says GlobalData
The Food and Drug Administration’s (FDA) accelerated approval program has recently come under fire due to high-profile withdrawals of immune checkpoint inhibitors (ICIs) from the oncology market. Conservative withdrawal of drugs marketed under accelerated approval has more upside for cancer patients with few available options compared to liberal withdrawal, says GlobalData, a leading data and […]
COVID-19 fails to dampen spirits of startups seeking early-stage funding in APAC during Q1 2021, finds GlobalData
The COVID-19 pandemic has affected the venture capital (VC) investment landscape in the Asia-Pacific (APAC) region, but it has not dampened the spirits of startups and organizations seeking early-stage funding (seed, Series A and B). In fact, early-stage funding rounds accounted for 66.6% share of the total VC deals during the first quarter (Q1) of […]
Despite widening net loss in FY20, IKEA India investing heavily in omni-channel model, says GlobalData
Furniture retailer IKEA India reported a net loss of INR7,201m (US$97.2m) in FY2019-20 compared to INR6,854m (US$92.5m) in FY2018-19. Despite incurring net loss, IKEA India is investing heavily in new store openings alongside its digital initiatives for an enhanced omni-channel experience, says GlobalData, a leading data and analytics company. After the launch of its first […]
Changes in rheumatologists’ biosimilar prescription rates between 2018 and 2020 differ based on geography, says GlobalData
In 2020, 92% of 5EU physicians stated that they used biosimilars in at least 25% of their RA patients, compared to 70% of physicians in 2018. Between 2018 and 2020, the percentage of Japanese physicians using biosimilars in at least 25% of their RA patients jumped from 23% to 78%. Biosimilar usage in the US […]
Manchester United’s commercial dominance no longer guaranteed following loss of £200m deal, says GlobalData
Following the news that The Hut Group is ending its sponsorship of Manchester United’s training kit before it has even begun; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view on the commercial prospects of the world’s biggest soccer team: “The question now is how much damage […]
Subscription model to make electric vehicles more accessible in Australia, says GlobalData
Following the news that global battery giant Sonnen GmbH has launched electric vehicle subscription service SonnenDrive in partnership with shared mobility brand Carbar in Australia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “A vehicle subscription model that encompasses everything right from registration, maintenance, insurance, […]
UK COVID-19 vaccine approvals would have taken longer if UK remained in EU, say European healthcare professionals in a GlobalData survey
More than 50% of surveyed healthcare industry professionals from Europe believe that Brexit allowed the UK to accelerate its COVID-19 vaccines approval process 31% of respondents from the UK highlighted that the UK’s departure from the bloc did not influence the fast-tracked authorization of COVID-19 vaccines While the Pfizer/BioNTech vaccine approval was commenced in accordance with […]
Colonial Pipeline attack will concentrate government and operators’ minds on the ransomware threat, says GlobalData
Following the disclosure of a cyberattack on the Colonial Pipeline; David Bicknell, principal analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The economic impact wrought by this cyberattack will bring home to government and energy operators the vulnerabilities in critical infrastructure. This is not the first ransomware cyberattack on […]