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Wearable technology has been widely used to perform digital contact tracing during the COVID-19 pandemic. This rise in use cases means that the wearable tech market is expected to increase from nearly $27bn in 2019 to $64bn by 2024, growing at a compound annual growth rate (CAGR) of 19%. Wearables developers should focus on improving […]
Lisbon’s ‘Renda Segura’ program could be problematic for Airbnb if successful, says GlobalData
Following the recent announcement from Lisbon’s Mayor pledging to ‘get rid of Airbnb’ once the coronavirus pandemic is over by turning short-term rentals in to affordable housing; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Airbnb’s unique business model, which once offered the […]
COVID-19 disruption of clinical trials is in decline, says GlobalData
After three months of increasing trial disruptions, the number of disrupted trials began to fall between June and July. Most disruption was caused by the suspension of enrollment, followed by slow enrollment, and delayed initiation, says GlobalData, a leading data and analytics company. Brooke Wilson, Associate Director, Trials Intelligence at GlobalData, comments: “Although the total […]
Safran’s new aircraft interior factory could be a good post-COVID-19 bet, says GlobalData
Following the news that Safran will open a new factory in Mexico’s state of Chihuahua focusing on Boeing’s aircraft interiors; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “As Boeing keeps seeing cancellations of B737 MAX orders, Safran’s surprising decision to invest in […]
Top 20 insurance companies dwarfed other sectors in 2019 with 18.2% revenue and 123.8% profit growth YoY, says GlobalData
The insurance sector led the way in terms of revenue and profitability growth in 2019, achieving a respective 18.2% and 123% rise year-on-year (YoY). Supported by growing demand for insurance products from the Asian markets, and overall increased demand for property/casualty insurance products, these gains helped the industry lead over other sectors such as retail, […]
FCO announcement is major blow to British cruise industry, says GlobalData
Following the news that the FCO advises against all cruise ship travel; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view of the impact on the industry: “The FCO’s announcement comes at a time when there are no major cruise lines planning to sail imminently in the […]
Freshfields Bruckhaus Deringer and CMS were top legal advisers by value and volume in Europe in H1 2020, says GlobalData
Legal advisers Freshfields Bruckhaus Deringer and CMS were noted to be the top mergers and acquisitions (M&A) legal advisers in Europe in the first half (H1) of 2020, according to GlobalData, a leading data and analytics company. Involvement in big-ticket deals remains the key to success as Freshfields Bruckhaus Deringer, which advised on fewer but […]
As Trump and Biden push to ‘Buy American’, $354m Government award to manufacture COVID-19 medicines in US raises suitability questions, says GlobalData
The US Federal Government’s Biomedical Advanced Research and Development Authority (BARDA) award of $354m to Phlow Corporation for the manufacture of COVID-19 medicines and other essential drugs has been touted by the Trump Administration as bringing pharmaceutical manufacturing back to the US. However, it is questionable why the $354m funding was awarded, seemingly without competition, […]
JP Morgan and Goldman Sachs were top financial advisers by value and volume in North America in H1 2020, says GlobalData
Financial advisers JP Morgan and Goldman Sachs were noted to be the top mergers and acquisitions (M&A) financial advisers in North America in the first half (H1) of 2020, based on deal value and volume, respectively. Involvement in two megadeals (worth >US$10bn) primarily helped JP Morgan to secure the top position. In contrast, Goldman Sachs […]
Goldman Sachs and Rothschild were top financial advisers by value and volume in Europe in H1 2020, says GlobalData
Financial advisers Goldman Sachs and Rothschild & Co were noted to be the top mergers and acquisitions (M&A) financial advisers in Europe in the first half (H1) of 2020, based on deal value and volume, respectively. Goldman Sachs achieved a total deal value of US$131bn for 33 deals supported by its management of big-ticket deals […]
COVID-19 mini budget gives UK life insurance market glimmer of hope, says GlobalData
An increase in threshold on which stamp duty is paid to £500,000 from £125,000 in the UK Government’s ‘mini budget’ has the potential to stimulate demand in the life insurance market, according to GlobalData, a leading data and analytics company. Findings from GlobalData’s 2019 UK Insurance Consumer Survey indicate that buying a new home ranks […]
Airlines more likely to extend life of existing models rather than invest in new designs, says GlobalData
The COVID-19 pandemic has had a profound impact upon the commercial aviation industry, with lockdowns and border closures evaporating passenger demand. Stricken by lost passenger revenue, airlines have cancelled outstanding orders and reduced the size of their fleets. Given the depressed state of the commercial aviation industry, both aircraft manufacturers and airlines are more likely […]
Lack of high-spending US travelers will prolong economic recovery of dependent EU destinations, says GlobalData
US tourist expenditure in Europe is expected to decline from US$116.1bn in 2019 to US$63.2bn in 2020, showcasing a 45.5% drop. As infection rates across the US surge, this invaluable source market is still a long way from recovery, which will only make matters worse for EU destinations that are major beneficiaries from US tourism, […]
COVID-19 increases demand for remote functionality in implantable loop recorder devices, says GlobalData
Following the announcement that Medtronic’s Linq II cardiac monitor received both FDA clearance in the US and a European CE Mark; Ashley Young, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “During the COVID-19 pandemic, there has been a marked increase in demand for devices and […]
Ambiguous outlook influenced Kroger’s sentiments in Q1 2020, says GlobalData
An uncertain 2020 outlook has impacted The Kroger Company’s (Kroger) sentiments, says GlobalData, a leading data and analytics company. Kroger’s sentiments declined by over 11% in the first quarter (Q1) of 2020 (ended 23 May*) compared with 2019 (ended February), as tracked by GlobalData’s Filing Analytics database. Its sentiments were affected by the management’s underwhelming […]
Novavax receives $1.6bn from OWS with ambitious vaccine delivery target, says GlobalData
Following the news that US biotech Novavax announced it will receive $1.6bn funding for the development of its COVID-19 vaccine candidate NVX-CoV2373; Philipp Rosenbaum, PhD, Senior Infectious Diseases Analyst at GlobalData, a leading data and analytics company, offers his view: “Even with the Operation Warp Speed’s (OWS’s) support boosting Novavax’s late-stage clinical trials, manufacturing and […]
As vehicle makers add model-based sub-brands, the Chevrolet Corvette could be next, says GlobalData
Following the news that Ford is to revive the Bronco nameplate for a rugged lifestyle sub-brand of 4×4 sport utility vehicles (SUVs); Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Ford is leaning into a nostalgia factor with the launch of its latest range of SUVs, reviving the […]
US diagnosed prevalent cases of AL amyloidosis projected to increase by 36.7% over next decade, says GlobalData
The number of diagnosed prevalent cases of AL amyloidosis is expected to increase from 75,033 in 2019 to 89,637 in 2029 at an annual growth rate (AGR) of 1.95% across the seven major markets 7MM*, according to GlobalData, a leading data and analytics company. Of the 7MM, the US is expected to have the highest […]
Race for Warner Bros gaming unit will focus on next-generation themes, says GlobalData
Following reports that AT&T is considering selling its Warner Bros. Interactive Entertainment gaming division; Rupantar Guha, Senior Analyst for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “Licenses to develop games based on the DC Comics and Harry Potter franchises are the main prize for potential bidders Activision Blizzard, Electronic […]
COVID-19 pandemic severely impacting aesthetic implant market, says GlobalData
Nearly one quarter of revenue from aesthetic implants in the US will be lost in 2020 due to the COVID-10 pandemic, as most procedures are considered to be elective and non-essential, according to GlobalData, a leading data and analytics company. Eric Chapman, Medical Devices Analyst at GlobalData, says: “GlobalData estimates an overall reduction of 24.1% […]