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Nine of the global top ten venture capital (VC) investors (by number of investments) in the artificial intelligence (AI) space in 2019 were headquartered in the US, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Japan-based SoftBank Group was the only non-US based company to feature in […]
US COVID-19 cases projected to increase 65% as risk of transmission likely to surpass Italy and Spain, says GlobalData
In the key markets most heavily affected by the coronavirus (COVID-19), case trends are expected to follow a low-risk forecast, with the exception of the US, according to GlobalData, a leading data and analytics company. Natasha Karim, Managing Epidemiologist at GlobalData comments: “Most countries have enforced strict quarantine and mitigation measures. As a result, confirmed […]
5.6bn N95 respirator masks in demand in the US, says GlobalData
Amid the COVID-19 crisis, the need for N95 respirator masks will surge in the US. According to GlobalData analysis, around 5.6bn N95 respirator masks are in demand due to the COVID19 outbreak, and up to 7.3bn will be required in the severe scenario. Tina Deng, Senior Medical Devices at GlobalData, a leading data and analytics company, offers her […]
Combination therapies could help overcome limitations of ICIs for oncology indications, says GlobalData
While checkpoint inhibitors as monotherapies have fulfilled expectations in some indications, novel combinations are on the horizon in a broader range of cancers says GlobalData, a leading data and analytics company. The company’s latest report, ‘Immuno-oncology: Focus on Development and Opportunities in Immune Checkpoint Modulators’, reveals that developers are investigating new checkpoint targets to overcome some […]
UK CPAP device production to increase as a result of COVID-19, says GlobalData
The UK’s continuous positive airway pressure (CPAP) device market is set to reach $45.5m by 2028, growing at a compound annual growth rate (CAGR) of 10.3%, prior to the coronavirus (COVID-19) pandemic, according to GlobalData, a leading data and analytics company. Aliyah Farouk, Medical Device Analyst at GlobalData, comments: “Since the COVID-19 outbreak, the use […]
Digital biomarkers emerging as important predictive tools to support global COVID-19 pandemic, says GlobalData
Remote patient monitoring (RPM) is accelerating the development and validation of digital biomarkers to help identify patients that are at risk from the coronavirus (COVID-19), supporting the assessment of disease progression and allowing continuous monitoring of disease symptoms, as well as providing data for new outbreaks, says GlobalData, a leading data and analytics company. Roxanne Balfe, […]
Marriott in strong position to tackle COVID-19, says GlobalData
As even the largest players are forced to contend with unprecedented levels of disruption thanks to COVID-19, Marriott has announced mitigation plans that outline a number of strong measures to minimize the impact of coronavirus. This swift, decisive action should stand the company in good stead, says GlobalData, a leading data and analytics company. Rheanna […]
UK car market decline will turn attention to company cash reserves, says GlobalData
Following today’s news that the UK car market was down 44.5% in March as the COVID-19 crisis caused showrooms to close; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a steeper fall than we saw during the last financial crisis and it underlines the heavy impact […]
Global sales of psychiatric drugs could reach more than $40bn by 2025 due to coronavirus, says GlobalData
An estimated 1.5 billion people around the world have been asked to practice social distancing amid the outbreak of coronavirus (COVID-19) that has caused the deaths of more than 69,000 people. The rapid spread of the disease, escalation of pulmonary symptoms, financial disruption, travel restrictions and social isolation have been cited as a catalyst for […]
UK cash withdrawals falling even further amid coronavirus pandemic, says GlobalData
The total growth of UK payment transactions has been revised down due to the coronavirus (COVID-19), according to estimates by GlobalData, a leading data and analytics company. The revision sees transactions expected to rise at a compound annual growth rate (CAGR) of 3.5% between 2019 and 2023 due to steady card growth, according to GlobalData, […]
Time at home boosts interest in instruments and pets, says GlobalData
Following the news this morning that both Pets at Home and Gear4Music have announced that full year profits will beat expectations: Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her views: ‘‘Positive news from Pets at Home and Gear4Music demonstrates that despite non-essential spend coming under strain, there are products other […]
Boots braces for COVID-19 impact, says GlobalData
Following today’s release of Boots UK Q2 figures for 2019/20, Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘While Walgreens Boots Alliance’s Q2 group performance came in ahead of company expectations, it covers the three months prior to the serious COVID-19 outbreak in its key markets, as at the end of […]
Arcadia’s drastic furlough plans will pave the way for other clothing & footwear specialists, says GlobalData
Arcadia has announced today that it plans to furlough all store employees and the majority of its head office staff. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “Arcadia’s plan to furlough the large majority of its workforce does not bode well for other retail […]
All supermarkets should implement new £45 contactless limit quickly to reduce customer safety concerns, says GlobalData
Following the news that the UK is raising the cash limit available via contactless payment from £30 to £45: Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “This rise in the contactless limit will be broadly welcomed by the supermarkets, as it allows grocers to […]
H&M’s recovery derailed by COVID-19, says GlobalData
Following today’s release of H&M’s Q1 FY figures for 2019/20, Kate Ormrod, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Present in 74 markets, H&M’s global operation makes the challenge of dealing with COVID-19 all the more harder, ensuring the pandemic is a true baptism of fire for new CEO Helena Helmersson. […]
Sainsbury’s revival of Chop Chop shows compassion but expansion opportunities are limited, says GlobalData
Following the news that Sainsbury’s is launching cycle home delivery service Chop Chop from its first convenience dark store: Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Sainsbury’s revival of its Chop Chop delivery trial (first launched in September 2016) demonstrates inventiveness in utilising all […]
Debenhams’ administration will only prolong the inevitable, says GlobalData
It has been reported that Debenhams is on the brink of administration for the second time. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Placing Debenhams into administration for the second time within twelve months will tide it over for now, freeing it from debts […]
COVID-19 pandemic will put sustainability concerns on hold, says GlobalData
Sustainability was the buzz word of 2019 and would have continued to increase in prominence in 2020. However, the global outbreak of coronavirus (COVID-19) will bring progress to a halt, according to GlobalData, a leading data and analytics company. Emily Salter, Analyst at GlobalData, comments: “Making changes to materials, logistics and production processes to improve […]
US may not be able to purchase more N95 respirators from 3M Co, says GlobalData
President Trump invoked the Defense Production Act yesterday in an attempt to obtain more N95 respirators produced by 3M Co, which are capable of protecting healthcare workers and first responders from the coronavirus (COVID-19); Alison Casey, Medical Devices Analyst at GlobalData, a leading data and analytics company, said: “Due to global shortages, 3M Co have […]
Despite US expanding coronavirus testing to 100,000 each day, lab testing expected to face serious roadblocks, says GlobalData
Following the US’ increase in coronavirus (COVID-19) testing capacity; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “In the past week, the US has utilized a mix of public and private labs to expand its testing capacity to 100,000 tests per day. Yet, per capita, that is […]