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Retailers in the Asia-Pacific (APAC) region are investing in enhancing their digital presence with as much as 72%* of consumers revealing that ‘digital smartness’ influences their product choices, according to GlobalData, a leading data and analytics company. GlobalData’s survey* conducted in February 2021 reveals that as the world continues to battle against the COVID-19 pandemic, […]
Chronic hepatitis B market set to reach $5.16bn by 2029, says GlobalData
The market landscape in the nine major markets (9MM*) for chronic hepatitis B (CHB) is expected to see significant change between 2019 and 2029. Projected by GlobalData to grow from $3.8bn in 2019 to $5.16bn in 2029, at a compound annual growth rate (CAGR) of 3.1%, the market will see growth due to the development […]
NIH grant-funded drugs are being repurposed for COVID-19, says GlobalData
Drugs being developed for COVID-19 were awarded the highest number of SBIR/STTR funding grants, at 187 grants. Most grants awarded to drugs that are currently indicated for COVID-19 were awarded pre-2020, before the pandemic began, says GlobalData, a leading data and analytics company. Madeleine Roche MSc, Analyst at GlobalData comments: “It is likely that many […]
China’s fast-track regulatory reforms face difficulties in attracting non-Chinese companies, says GlobalData
China has reformed its regulatory system in recent years to include various fast-track programs similar to the US, EU, and Japan to incentivize the development of drugs for unmet medical needs and serious conditions. However, only a few companies based outside of China have been granted priority review status by the National Medical Products Administration […]
Freeline Therapeutics edges ahead of gene therapy competitors by progressing dose escalation for FLT190 Phase I/II study, says GlobalData
Freeline Therapeutics recently announced plans to progress dose escalation for its Phase I/II trial for FLT190, an adeno-associated variant (AAV) based gene therapy for Fabry disease. The current position that Freeline has achieved with FLT190 places the company ahead of its direct competitors and into a strategic position to dominate the Fabry gene therapy landscape, […]
Unmet needs in T1D highlight significant market gaps despite robust pipeline, according to GlobalData
It is expected that 15 therapeutics will launch in the Type 1 Diabetes (T1D) market in the eight major markets (8MM*) before 2030. They include Adocia’s BioChaperone Insulin lispro, an ultra-fast prandial insulin; Zealand Pharma’s dasiglucagon, a liquid-stable glucagon to manage hypoglycemia for use in a bihormonal pump; and Provention Bio’s teplizumab, the first preventative […]
Global iron ore production to recover by 5.1% in 2021, after COVID-19 hit output in 2020, says GlobalData
Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key upcoming projects expected to […]
South Korea’s fixed communications services market revenue to marginally decline over 2020-2025, forecasts GlobalData
South Korea’s fixed communications services revenue is expected to decline at a compounded annual growth rate (CAGR) of 0.9% from US$6.0bn in 2020 to US$5.7bn in 2025, mainly due to steady decline in fixed voice service revenues, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s South Korea Fixed Communication Model […]
China focuses on next-generation intranasal COVID-19 vaccines amid rising mutant strains, says GlobalData
COVID-19 infections continue to rise with several countries facing second-and third-wave infections with the newly evolved mutant strains, thereby increasing the demand for effective vaccines. Several pharmaceutical companies across the world have started working on the inhaled vaccine formulations and China is also developing next generation intranasal COVID-19 vaccines, says GlobalData, a leading data and […]
South Korea shoulder replacement devices market to grow at 5.5% CAGR over next five years, forecasts GlobalData
The shoulder replacement devices market in South Korea, which is expected to grow by 15% in 2021 as elective surgeries resume post COVID-19 pandemic, is forecast to grow at a compound annual growth rate (CAGR) of 5.5% between 2021 and 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Shoulder Replacement (Orthopedic […]
Mobiles, consumer electronics help Samsung post 46% higher net profit in Q1 2021, says GlobalData
Following the news that Samsung Electronics has reported a net profit of KRW7.14 trillion for the first quarter (Q1) ended March 2021, a whopping 46.3% increase from a year earlier; Nidhi Gupta, Technology Analyst at GlobalData, a leading data and analytics company, offers her view: “The growth is primarily due to strong earnings in its […]
Zomato sees 100% jump in influencer conversations post IPO announcement, reveals GlobalData
Indian food delivery unicorn Zomato Media Private Limited (Zomato) unveiled its plan to raise US$1.1bn from initial public offering (IPO). Against this backdrop, the company witnessed a staggering 100% jump in influencer conversations on Twitter during the last week of April compared to the previous week, according to GlobalData, a leading data and analytics company. […]
Investment in 5G to drive South Korea’s mobile services market over 2020-2025, reveals GlobalData
The mobile data service revenues will grow at a 7.1% CAGR over 2020-2025 driven by the projected rise in the adoption of 5G services, which yield higher average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s South Korea Mobile Communication Forecast Model reveals that total mobile […]
Data analytics crucial for continued growth of orthopedic market, says GlobalData
The orthopedic market is set for a rise in acquisitions as companies seek to strengthen their positions, says leading data and analytics company GlobalData. As part of the decision of how to strengthen their portfolio, orthopedic device companies will utilize analytics of past procedure accuracy metrics to determine which implants are strongest and identify any […]
Hindustan Aeronautics ALH Dhruv offers avenue for exports, says GlobalData
Following the news that Hindustan Aeronautics Limited’s (HAL) Advanced Light Helicopter (ALH) Dhruv Mk III MR successfully demonstrated its deck operations for the Indian Coast Guard; Mathew George, Ph.D, Analyst, Aerospace, Defense and Security at GlobalData, a leading data and analytics company, offers his view: “HAL’s ALH Dhruv program reached the 300th aircraft roll-out milestone […]
First cell therapy for solid tumors could be approved by 2022, says GlobalData
Although cell therapies such as CAR-T have been approved and used successfully to treat hematological cancers, there are currently no cell therapies approved for the treatment of solid tumors. However, positive data recently presented by Iovance Biotherapeutics from its lead candidate, tumor infiltrating lymphocyte (TIL) therapy lifileucel, in heavily pre-treated melanoma patients suggests an approval […]
Test market outlook dying down as vaccinations continue, says GlobalData
Following the release of Hologic’s and Thermo Fisher Scientific’s quarterly results; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the COVID-19 testing market: “As the world rushes to become vaccinated, our strategy turns from infection mitigation to achieving herd immunity. The pandemic and the multiple lockdowns that […]
Low-value deals dominated global VC funding landscape in Q1 2021 but loses share, finds GlobalData
Low-value deals (where the investment was less than or equal to $10m) accounted for the majority of global venture capital (VC) investment volume during the first quarter (Q1) of 2021, according to GlobalData, a leading data and analytics company. A total of 5,093 deals with disclosed funding value were announced globally during Q1, of which […]
Low-value deals dominated global VC funding landscape in Q1 2021 but loses share
Low-value deals (where the investment was less than or equal to $10m) accounted for the majority of global venture capital (VC) investment volume during the first quarter (Q1) of 2021, according to GlobalData, a leading data and analytics company. A total of 5,093 deals with disclosed funding value were announced globally during Q1, of which […]
Vaccine skepticism should not be ignored in US outbound travel recovery, says GlobalData
Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData, a leading data and analytics company. COVID-19 concerns are high in the US. According to GlobalData’s Q1 2021 consumer survey, 52% of US respondents stated they were ‘extremely concerned’ about the impact of the […]