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Eastern Mediterranean regional gas demand has been supressed and liquefied natural gas (LNG) spot prices have been crippled by the impacts of COVID-19 in the first half of 2020. The longer lasting impacts are likely to weaken the demand outlook, which could force reduced gas output from the region until 2023, according to GlobalData, a […]
Heineken’s alcohol-free 0.0 brand receives COVID-19 reprieve thanks to millennials
Following today’s news that Heineken NV reported a better recovery than expected; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The closure of on-trade channels obviously had a profoundly negative effect on Heineken’s sales, but, interestingly, there was still double-digit growth in the company’s alcohol-free brand – likely due to reduced on-trade […]
A Democratic victory will improve access to telemedicine in rural areas
Telemedicine use in the US increased from the low ten thousands to around 1.3 million patients in 2020, representing more than 100-fold increase, according to GlobalData, a leading data and analytics company. The accessibility and practicality the technology has demonstrated during the pandemic – especially in urban areas – means that it is here to […]
Contract manufacturing organizations slow revenue growth in 2020 could impact the US
Dose contract manufacturing organizations (CMO) contract revenue in 2019 only grew 3.1% compared to 2018 revenue, which is one of the lowest rates since 2012, says GlobalData, a leading data and analytics company. Adam Bradbury, Pharma Analyst at GlobalData, comments: “The dose CMO industry’s revenue growth has slowed this year and continues to grow at […]
Abbott pushes forward with enhanced remote patient monitoring in first implanted gallant ICD
Following the Food and Drug Administration (FDA) approval of Abbott’s next-generation Gallant implantable cardioverter-defibrillator (ICD) in July 2020, the first Gallant ICD was implanted at St. Elizabeth Edgewood in October, making it the first implantable cardiac device to communicate via Bluetooth with a smartphone app for the patient. In light of the COVID-19 pandemic, the […]
Telemedicine services for mental health could face obstacles amid the US election
The telemedicine industry has been rapidly expanding during the COVID-19 pandemic and is set to reach $20bn by 2024, according to GlobalData, a leading data and analytics company. The industry has benefited from the rapid integration of telemedicine services, which has been widely accepted by consumers, providers and telecommunications vendors. However, amid the 2020 US […]
BMW cash flow a positive, but VDL Nedcar adjustment is a reality check
Following the news that BMW is reporting a large preliminary third quarter free cash flow boost as demand continues to recover from the pandemic-induced population lockdowns of the spring; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The BMW news on cash flow is pretty positive and echoes […]
Governments need to sort permanent legal solution as telemedicine is here to stay post-COVID-19
With over three-quarters* of US and European healthcare professionals saying they will continue using telemedicine after the COVID-19 crisis ends, governments are under pressure to make telemedicine a standard mode of care. Countries will need to establish consistent and clear legal frameworks for this technology in order to make permanent the temporary changes implemented to support […]
COVID-19 vaccine development approaches will impact US 2020 election
With the US having recorded over 8 million cases of COVID-19, many people consider a vaccine to be a potential panacea to the litany of issues that COVID-19 has presented to the US, and thus it is no surprise that vaccines have become a point of political discussion. The development of a vaccine could be viewed as beneficial to whichever politician or party […]
Ballot Measure 1 in Alaska will likely send discouraging message to future oil and gas investors
Following the news on Alaska Ballot Measure 1, through which voters in the state will decide on whether taxes on oil should be increased for selected fields; Gregory Bosunga, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “If approved, the Alaska Ballot Measure 1 will likely impact the medium-to-long-term investment […]
ConocoPhillips betting on recovery of crude oil demand with acquisition of Concho Resources
Following ConocoPhillips’ US$9.7bn acquisition of shale rival Concho Resources; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the acquisition: “This transaction is beneficial to both parties and in line with what has been expected for the industry in terms of merging opportunities. A company such as ConocoPhillips with […]
US election causes turbulence in insulin pens market
The pricing of insulin became a top issue for the 2020 US election. Unlike other healthcare issues in debate, lowering insulin cost is a point of consensus among candidates. However, while this change will see prices drop for patients, the downward pricing pressure is likely to negatively affect the US insulin pens market, says GlobalData, […]
MenABCWY vaccines to begin climb to dominance, taking 21% share of 2029’s $3.17bn global meningococcal vaccine market
The launch of pentavalent vaccines from GlaxoSmithKline and Pfizer that protect against the meningococcal serogroups A, B, C, W, and Y (MenABCWY) in the nine major markets (9MM*) are expected to reduce the vaccine burden and be more cost-effective for healthcare systems – thus driving growth in the meningococcal vaccine market over the next ten […]
Schlumberger’s still sees revenue declines with marginal balance sheet improvements
Following the release of Schlumberger’s Q3 2020 earnings call; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view: “With the focus of returning EBITDA to 2019 levels of US$6.6bn by 2021, Schlumberger leans into division and basin specific innovations to align solutions, maximizing production recovery and […]
Gas to liquids process can help monetize stranded and flared gases
Gas to liquids (GTL) plants can be installed at oil production facilities to capture the associated gas that is otherwise flared off. This approach provides oil producers with an additional way of generating revenue, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Gas to Liquids (Oil and Gas) – Thematic Research’, highlights the potential opportunities and challenges that can influence […]
Johnson and Johnson’s Q3 results bode well for rapid medical device sales recovery in Q4 and into 2021
Following the recent release of Johnson and Johnson’s Q3 2020 financial results; Dominic Tong, Medical Device Analyst at GlobalData, a leading data and analytics company, offers his view: “Johnson and Johnson’s better than-expected-performance across multiple segments is reflective of the quick recovery seen across medical device manufacturers. “While the company’s Q3 medical device sales were […]
Diagnosed prevalent cases of ulcerative colitis to reach 2 million by 2029 in the 8MM
The diagnosed prevalent cases of ulcerative colitis (UC) in the eight major markets (*8MM) are projected to increase from 1.7 million cases in 2019 to 2 million cases in 2029, equating to an annual growth rate (AGR) of 1.36%. The exponential growth in the prevalent cases of UC is attributed to low mortality and increased […]
US turns to antigen tests to increase COVID-19 testing capacity
Following the news that the US is turning towards COVID-19 antigen tests to control the second wave, which can be performed in a doctor’s office at the point-of-care (POC); Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Each category of diagnostic test has its own unique role in the […]
Republican Party platform offers both advantages and drawbacks to medical device market,
The 2020 US presidential election has garnered heavy political pressure on the fast-tracked approval of a COVID-19 vaccine, where several attempts have been made to block the Food and Drug Administration (FDA) from releasing stricter guidelines that will push the approval past Election Day. While a speedier approval process can be beneficial to the development of innovative […]
Diagnosed prevalent cases of diabetic retinopathy to reach 17.8 million by 2029 in the 9MM
Diagnosed prevalent cases of diabetic retinopathy in the nine major markets (9MM*) are expected to increase from 14.3 million in 2019 to 17.8 million in 2029, at an annual growth rate (AGR) of 2.4%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Diabetic Retinopathy – Epidemiology Forecast Report to 2029’, reveals that nearly […]