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With the global population estimated to expand to around 10 billion by 2050, the call for a sustainable food system to meet the global protein needs iss on the rise. “Cellular agriculture” is emerging as one of the key technologies for decarbonizing protein production systems by directly producing products from cells, as opposed to raising […]
APAC fintech startups see decline across all venture capital funding stages in 2022, reveals GlobalData
The Asia-Pacific (APAC) region has emerged as a significant hub for startups in the financial technology (fintech) industry over the past few years, with increasing number of venture capitalists (VCs) investing in the space. However, the region’s fintech startups are currently facing a funding slump, with all funding stages, including early-stage (Seed and Series A) […]
Tech-led innovations steer next wave of agriculture revolution, says GlobalData
The agriculture industry is facing several pressing concerns, including extreme vulnerability to climate change, labor shortages, inefficient agri-food system, and evolving consumer preferences for transparency and sustainability. In this context, innovations in technology are driving the next wave of revolution in agriculture, paving the way for more sustainable, efficient, and resilient agricultural practices, says GlobalData, […]
Biliary tract cancer drug Durvalumab approval key opportunity for AstraZeneca in India, says GlobalData
The Central Drugs Standard Control Organisation (CDSCO) approval of AstraZeneca’s Imfinzi (durvalumab) in combination with gemcitabine and cisplatin heralds a new era of treatment for biliary tract cancer (BTC) in India, where chemotherapy has been the only choice for over a decade. With no potential competition in near future, the British-Swedish pharma major certainly has […]
ExxonMobil, Apple find themselves at opposite ends of market value spectrum in 2022, reveals GlobalData
ExxonMobil and Apple, two prominent companies, experienced contrasting market fortunes in 2022. While the oil and gas behemoth gained the most market value, the Cupertino-based tech giant registered the biggest loss, reveals the Company Profiles Database of GlobalData, a leading data and analytics company ExxonMobil has reportedly gained a whopping $195.2 billion to reach a […]
Global economic slowdown looms in 2023 due to high inflation, borrowing costs, says GlobalData
The global economy is facing significant challenges due to slowing but elevated inflation, high borrowing costs, and lower external demand. These factors are expected to have a profound impact on private consumption expenditure, investments, and economic activities. As a result, major global economies are projected to experience slower growth or even recession this year. Against […]
India startup ecosystem faces winter chill with 23.1% MoM drop in VC funding to $696.2 million in January 2023, reveals GlobalData
As one of the major startup hubs in the Asia-Pacific (APAC) region, India has always been a hotbed for venture capital (VC) funding activity. However, the new year has brought with it a funding winter that has been continuing to take a toll on investor sentiments, leading to a sharp month-on-month (MoM) 23.1% decline in […]
Novel pipeline therapies to drive diabetic neuropathic pain market across 7MM to $3 billion in 2031, forecasts GlobalData
The diabetic neuropathic pain (DNP) market across the seven major markets (7MM*) is poised to grow at a compound annual growth rate (CAGR) of 6.0% from $1.7 billion in 2021 to $3.0 billion in 2031, driven by the potential introduction of four promising late-stage pipeline products and an increase in the prevalent patient population, forecasts […]
MWC23 Barcelona will focus on ESG, 5G, and AR, predicts GlobalData
As the tech world gears up for the highly anticipated Mobile World Congress (MWC) 2023 Barcelona (MWC23 Barcelona), industry experts predict that this marquee event will set the stage for the telecoms industry in 2023. The focus will be on Environmental, Social, and Governance (ESG), 5G mobile, and Augmented Reality (AR), observes GlobalData, a leading […]
Diagnosed prevalent cases of obesity and overweight to reach 292 million in 2031 across 7MM, forecasts GlobalData
The diagnosed prevalent cases of obesity and overweight combined in the seven major markets (7MM*) are projected to increase at an annual growth rate (AGR) of 0.54% from 276.9 million in 2021 to nearly 292.0 million in 2031, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Obesity and Obesity: Epidemiology Forecast to […]
Vodafone credit card size 5G network could eventually expand private wireless markets, says GlobalData
Vodafone has unveiled a prototype 5G network built on a credit card sized Raspberry Pi personal computer and an equally small, advanced silicon chipset. Beyond the “network on a chip” aspect, the pre- Mobile World Congress (MBC) Barcelona 2023 announcement is notable for the British telecom major’s eagerness to position the concept as a solution […]
China venture capital funding value down by 62.4% YoY in January 2023, reveals GlobalData
A total of 237 venture capital (VC) funding deals worth $2.9 billion were announced in China during January 2023, which is a decline of 31.7% in terms of deals volume and 32.9% by value compared to the previous month. The corresponding year-on-year (YoY) deal value is more than halved by a massive 62.4%, reveals GlobalData, […]
Automakers embrace transformational changes in technology, consumer preferences to drive future growth, says GlobalData
Energy innovations, technological advances, societal tastes, environmental concerns, and changing emission regulations are prompting the automotive industry to change the way vehicles are designed and built. Against the backdrop, automakers are gearing up to improve fuel efficiency, control car emissions, offer greater safety benefits, higher customer differentiation, and minimize costs and supply chain risk, says […]
Excitement builds as Novo Nordisk weight loss drug Wegovy prepares to hit UK pharmacy shelves, says GlobalData
On February 13, it was revealed that Novo Nordisk’s Wegovy (semaglutide) would be available on high-street pharmacies in the UK this spring. Wegovy is of great interest as it is the first therapy to be approved in the obesity space that is administered on a weekly basis and shows superior efficacy to other currently marketed […]
China fixed communication service revenue growth to remain stagnant through 2027, forecasts GlobalData
The total fixed communications services revenue in China is expected to see a sluggish compound average growth rate (CAGR) of 0.5% from $276bn in 2022 to $283bn in 2027, mainly due to drop in average revenue per user (ARPU) levels, according to GlobalData, a leading data and analytics company. GlobalData’s China Fixed Communication Forecast (Q4 […]
UK startups raise $925 million VC funding during January 2023, reveals GlobalData
The UK witnessed significant slowdown in venture capital (VC) funding activity during the first month of 2023. A total of 90 VC funding deals were announced in the UK during January 2023 while the disclosed funding value of these deals stood at $925 million, according to GlobalData a leading data and analytics company, This is […]
US startups raise $5.9 billion VC funding during January 2023, reveals GlobalData
Venture capital (VC) funding activity in the US is reeling under the impact of volatile market conditions and subsequently the total value of these deals fell below $10 billion in January 2023. A total of 498 VC funding deals were announced in the US during the month while the disclosed funding value of these deals […]
Genomics, big data among key themes driving M&A activity in medical devices, says GlobalData
Amid the rising competitive pressures and economic uncertainty, medical device companies are turning to impactful themes to stay ahead. Against this backdrop, genomics and big data have emerged as two of the most prominent themes driving the merger and acquisition (M&A) activity in the medical devices sector, says GlobalData, a leading data and analytics company. […]
Oil and gas industry overall contract value up by 27% QoQ during Q4 2022, reveals GlobalData
The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels. Consequently, the overall oil and gas industry contract […]
S&P 500 index loses over $4.4 trillion in one year to January 2023, finds GlobalData
The aggregate market cap of the Standard and Poor’s 500 (S&P 500) index companies declined 10.9% from $40.7 trillion to $36.3 trillion between 31 January 2022 and 31 January 2023. Communication services sector registered the most market loss over the period, followed by consumer discretionary* and information technology, according to GlobalData, a leading data and […]