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Global demand for oil products has seen strong recovery this year, however, depressed kerosene demand from the aviation sector is a major barrier to full recovery, says GlobalData, a leading data and analytics company. GlobalData’s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in Q3 2021 had fully recovered […]
COVID testing market set to soar, once again, says GlobalData
Following yesterday’s news (15 December) from CNN about the worrying transmissibility of the Omicron variant, James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view: “Earlier this year, COVID-19-testing CEOs were cautioning that the demand for COVID-19 tests would drop as herd immunity was reached. However, this may have been […]
Barclays’ partnership with Women’s Super League likely to at least double in value, says GlobalData
Following the news that former Premier League title sponsor Barclays will renew its partnership with England’s top women’s soccer competition; Patrick Kinch, Sport Analyst at GlobalData, a leading analytics and data company, offers his view: “Barclays’ renewed partnership shows that commercial interest in women’s soccer remains strong. First signed in 2019 for $13.27 million, the […]
Hypoglycemia rescue is a saturated market, but opportunity remains for targeted preventative treatments, according to GlobalData
The current treatments for hypoglycemia (also known as low blood sugar) are meeting practitioners’ needs well, and there are very few areas of improvement, according to key opinion leaders (KOLs) interviewed by GlobalData. The leading data and analytics company noted that the biggest issue KOLs want addressing was the role insulin therapies play in the […]
Rush for digital solutions exposes cybersecurity vulnerability in decades old medical device software, says GlobalData
As the healthcare industry rushes to adopt new technologies to alleviate the effects of COVID-19, vulnerabilities in existing software and hardware systems which in some instances pose a cybersecurity risk have been exposed says GlobalData, a leading data and analytics company. Kamilla Kan, Medical Analyst at GlobalData, comments: “Tech innovation is speeding ahead at a […]
Firms concerned that labour shortages, component supply issues, and transportation challenges to undermine recovery, according to GlobalData Filing Analytics
Whether its shortages in labour, supply, raw materials or semiconductors, supply chain issues continue to cause significant headwinds for companies across many industry sectors. Analysis of GlobalData’s company filings database finds that the use of the word ‘shortage’ in company earnings announcements shot up by nearly 3X when comparing Q4 2020 and Q4 2021. However, […]
Cryptocurrencies need to improve stability and scalability to see mass scale adoption, says GlobalData
Cryptocurrency total sector market cap $2.5 trillion in October Bitcoin is the leading cryptocurrency with a 46% share of the total cryptocurrencies market. Bitcoin must increase its payments capability to be used on a larger scale. Cryptocurrency networks need to improve their stability and scalability if they want to be adopted as official currency, says […]
Clinical trial process would be improved with digital transformation, say 35% of healthcare professionals, according to a GlobalData survey
A total 35% of healthcare professionals worldwide believe that digital transformation — involving the use of technologies such as AI, big data, cloud computing, application programming interfaces (API) and digital platforms — would improve both pre-clinical and clinical trials, according to a survey by GlobalData. The leading data and analytics company notes that drug developers […]
Termination of the last tobacco sponsorship deal in F1 heralds new era for sports sponsorship, says GlobalData
Following today’s news (Wednesday December 15) that Philip Morris International has ended its sponsorship deal with the Ferrari F1 team; Conrad Wiacek, Head of Sport Analysis at GloblalData, a leading data and analytics company, offers his view: “Philip Morris’ deal with Scuderia Ferrari was one of the largest sponsorship deals in all of sport, worth […]
Diagnose endometriosis cases predicted to decline to 3.2 million by 2030 in the 7MM, says GlobalData
Of the total 3.2 million diagnosed cases of endometriosis forecast in the 7MM* in 2030, 81% are expected to be young women aged between 12 and 49 years old, according to epidemiology research by GlobalData. The leading data and analytics company notes that the greater affliction of working-age women, combined with an increasing occurrence of […]
Retrofitting CCUS technologies to existing industrial infrastructure crucial to achieve net zero by 2050, finds GlobalData
In a world where climate change is increasingly influenced by industrial emissions, decarbonizing the industrial sector becomes the immediate priority to phase out CO2 emissions from the use of fossil fuels. Against this backdrop, retrofitting carbon capture, utilization and storage (CCUS) technologies to existing industrial infrastructure will become crucial to reaching net zero by 2050, […]
Europe’s new lithium plant signals the start of a new era for the battery and automotive industries, says GlobalData
Following the news that Northvolt and Galp’s planned lithium processing plant in Portugal will produce enough battery-grade lithium hydroxide for 700,000 electric vehicles; Daniel Clarke, Thematic analyst at GlobalData, a leading data and analytics company, offers his view: “Battery companies are now investing upstream to refine lithium directly, and carmakers will realize that they have […]
Tesla’s change from baby crypto steps to testing acceptance of Dogecoin signals it is serious about this disruptive theme, says GlobalData
Following the news (December 14) that Tesla will accept cryptocurrency Dogecoin as payment for merchandise, on a test basis; Dr Lil Read, an Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers her view: “We are used to seeing companies such as Tesla taking baby steps when it comes […]
3D printing could revolutionize healthcare, says GlobalData
Following the cautionary news from the FDA and ECRI about the possible health hazards of 3D printing, James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view: “Healthcare is slow to adapt to change, sometimes taking years or even decades to adopt the ‘next big thing’. Therefore, it’s easy to […]
2022 predictions: Checkout-free stores set for rapid international expansion, the addition of more non-food stores, and increased competition for Amazon, says GlobalData
Also known as ‘ambient commerce’, checkout-free shopping allows customers to walk straight out with the items they want, as a range of technology tracks their movements and automatically charges their accounts. According to company filing analytics by GlobalData, the number of mentions of ambient commerce in retail company filings more than doubled from 157 in […]
Duchenne muscular dystrophy drug pipeline variation is promising, says GlobalData
By 2030, patients living with Duchenne muscular dystrophy (DMD) — a genetic muscle wasting disease caused by mutations on the gene that produces dystrophin — will have greater choice when it comes to the drug types used for treatment, according to GlobalData. The leading data and analytics company notes that there are 23 DMD-targeting therapeutics […]
Global platinum production to rebound in 2021, after a steep decline due to COVID-19, says GlobalData
Global platinum production is expected to recover by 21.9% in 2021 after a steep decline in 2020, says GlobalData. The leading data and analytics company notes that recovery in the automotive and jewelry sectors has led to a rise in demand for platinum production, which will reach 6.03 million ounces (moz). Vinneth Bajaj, Mining Analyst […]
Omicron variant could spur COVID-19 testing market shake-up, says GlobalData
The rapid global spread of the Omicron COVID-19 variant is set to re-invigorate PCR testing, which is currently worth $23 billion, according to leading data and analytics company GlobalData. While typical PCR and antigen tests simply detect the presence or absence of a single viral component, Thermo Fisher’s TaqPath PCR test is designed to detect multiple […]
Future of work in 2022 predicted to focus on reshoring, the gig economy, and flexible working, says GlobalData
The COVID-19 pandemic significantly disrupted typical working habits in 2020 and 2021, and there is much speculation about how things are going to settle down moving forward. In its latest report, ‘TMT Predictions 2022’, leading data and analytics company GlobalData offers its view on the future of work. The report reveals that reshoring—when the production […]
Meta’s bet that we’ll all play nice in its Horizon Worlds Metaverse is an extraordinary risk, says GlobalData
Following the news that Meta has opened its virtual reality (VR) social platform Horizon Worlds to the mass market; Emma Mohr-McClune, Technology Service Director at GlobalData, a leading data and analytics company, comments: “It’s difficult to exaggerate what’s at stake here for Meta, the company formerly known as Facebook. ‘The metaverse’ is now one of […]