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GlobalData

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Expanding reprocessing options for single-use cardiovascular devices are helping healthcare providers reduce costs, says GlobalData

With the reuse of costly devices offering significant cost savings to healthcare providers while reducing environmental impacts, reprocessing options for cardiovascular devices are expanding to include devices initially limited to single-use applications, observes GlobalData, a leading data and analytics company. Jacob Fletcher, Medical Analyst at GlobalData, comments: “Single-use cardiovascular devices like diagnostic electrophysiology catheters, for example, […]
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FIFA+ could be a trendsetter for the sports industry if the platform can attract global interest, says GlobalData

The nature of sports broadcasting has been evolving for many years, with a growing trend of streaming platforms acquiring key media rights, while some organizations including FIFA have begun launching their own over-the-top (OTT) platforms. With the younger generations of sport more likely to gravitate towards online viewing, platforms have taken note of this, with […]
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South Korea’s skincare market will reach $11.4 billion in value by 2026 driven by easing of COVID-19 restrictions, says GlobalData

With most of South Korea’s COVID-19 restrictions being lifted, the resurgence in household incomes and consumer confidence will drive spending on skincare products as consumers are wanting to take better care of their skin now they can leave their homes, found GlobalData, a leading data and analytics company. GlobalData’s latest report ‘South Korea Skincare Market Size […]
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Shipbuilding continues to be vital to Scottish economy, says GlobalData

Following the news that the National Shipbuilding Office has recently established the Shipbuilding Enterprise for Growth (SEG);James Marques, Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The SEG will help to maintain jobs, growth and expertise in Scottish shipbuilding. Establishing this industry-led forum fulfils the aims of the […]
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Lower pricing alone unlikely to win sales in the implantable cardioverter defibrillators market, says GlobalData

Setting a lower price to enter a competitive market with established brand leaders is a common penetration pricing strategy adopted by many medical device manufacturers. However, GlobalData, a leading data and analytics company, maintains that despite the strategy’s appeal in setting a pricing floor with the potential to gain quick market share from competitors, it may […]
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Indian Navy’s next-generation Corvettes will provide boost to the country’s naval shipbuilding industry and possess enhanced combat capabilities, says GlobalData

Following the news that the Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for the procurement of eight next-generation corvettes (NGC) for the Indian Navy; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The eight next-generation Corvettes (NGCs) will provide a much-needed boost to India’s naval shipbuilding […]
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UK DIY spending set for £200 million fall, following easing of COVID-19 restrictions and the cost-of-living crisis, says GlobalData

During the pandemic, GlobalData’s Monthly DIY Tracker found that the UK DIY sector enjoyed a £500 million uplift as consumers, prevented from going out, invested time and energy in sprucing up their homes and gardens. However, the leading data and analytics company’s tracker now shows that spending on home improvement is set for a £200 […]
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Egypt’s construction output remains resilient despite high inflation and currency depreciation, says GlobalData

Owing to ongoing economic instability in the form of high inflation and currency depreciation and rising prices for energy and construction materials, Egypt’s construction industry growth is expected to stand at 9.7% in real terms in 2022, following an 8.5% growth in 2021, found GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Egypt […]
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Germany’s construction industry output expected to grow 1.9% in 2022 despite shortage in construction materials and escalating costs, says GlobalData

Supported by investments on transport infrastructure projects, in line with the German government’s focus on improving regional connectivity, the country’s construction industry is expected to regain growth momentum and expand by 1.9% this year. Despite the rising costs, the industry recorded a good start in 2022, with construction value expanding by 2.2% year-on-year (YoY) in […]
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Smart pacifiers in development will be helpful for infants in the NICU as they reduce the need for bloodwork, says GlobalData

Following the news that researchers from Washington State University have developed a smart pacifier to monitor newborn infants; Alexandra Murdoch, Medical Device Analyst at GlobalData, a leading data and analytics company offers her view: “This device will be especially helpful for babies who are in the neonatal intensive care unit (NICU), as they are at […]
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Conflict in Ukraine will drive Bulgaria’s defense spending to $2.8 billion by 2027, says GlobalData

Bulgaria is spending $1.5 billion on defense in 2022 and this figure is forecast to climb to $2.8 billion by 2027 following the Russia-Ukraine conflict, according to GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Bulgaria Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027’ reveals that […]
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Card payments in the UAE to grow by 9.4% in 2022 following post-pandemic recovery, says GlobalData

The United Arab Emirates’ (UAE) card payments market is set to grow by 9.4% in 2022. Although the COVID-19 pandemic impacted consumer spending in general, it has propelled the shift in consumer preference towards cashless payment methods, observes GlobalData, a leading data and analytics company. Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “The […]
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Foodservice providers still need to be digitally ready for Platinum Jubilee to combat dining out concerns from UK consumers, says GlobalData

Following new menu item announcements from Burger King and McDonald’s to celebrate Queen Elizabeth II’s Platinum Jubilee; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Even with the anticipated footfall during the Platinum Jubilee weekend, foodservice providers must also acknowledge continued high demand of online orders. According to […]
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France’s defense budget continues to grow as acquisitions expenditure expected to rise by 30% over the next five years, says GlobalData

As the French military’s various acquisitions programs in the land domain continue to deliver new systems on time and on budget, growing confidence in the French defense industry has driven the continued growth of both the defense budget and expenditure on new acquisitions, observes GlobalData. The leading data and analytics company notes that projects within […]
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ABBA Voyage Digital Residency may change the definition of the metaverse – for the good, says GlobalData

Following the London opening of the long-awaited ABBA Voyage digitally-altered residency concert, featuring a live band together with life-like ‘ABBAtars’; Emma Mohr-McClune, Technology Service Director at GlobalData, a leading data and analytics company comments:“The event is likely to go down in tech history as a mass market metaverse milestone – not least of all because […]
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