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A new FDA rule, creating a new regulatory category for the over-the-counter (OTC) hearing aids, came into effect in October 2022. The rule enables consumers to purchase OTC hearing aids without a prescription. Such a momentous ruling will heavily impact the market, and the changing dynamics of product selection by different cohorts of consumers will […]
Novo Nordisk likely to maintain lead against competitor Eli Lilly in global T2D market, says GlobalData
Despite plagued with supply issues over the past one year, Novo Nordisk’s glucagon-like peptide-1 (GLP-1) franchise—including Rybelsus, Saxenda, Ozempic, and Wegovy—enjoyed a strong performance. Against this backdrop, the Denmark-based pharmaceutical company is poised to maintain a strong market position against competitor Eli Lilly in the type 2 diabetes (T2D) market, says GlobalData, a leading data […]
UK Active Jobs Index dips 18% in October 2022, reveals GlobalData
GlobalData’s UK Active Jobs Index continued to fall by over 18% month-on-month in October 2022. Companies are closing 13% more jobs than new postings, reveals the Job Analytics Database of GlobalData, a leading data and analytics company. The Office of National Statistics (ONS) October 2022 Job Vacancies stats are due for release on 15 November […]
South Korea e-commerce giant Coupang will continue to maintain profitability, says GlobalData
Following the news that South Korea’s leading e-commerce company Coupang reported profit for the first time since its IPO debut in 2021; Murthy Grandhi, Analyst at GlobalData, a leading data and analytics company, offers his views: “Even as the funding crunch is plaguing the tech and e-commerce startups in an high interest rate environment, SoftBank […]
#TwitterMigration emerges as top trend among influencers after Elon Musk takeover, reveals GlobalData
Ever since Elon Musk has taken over Twitter Inc after a prolonged legal scuffle, the company has been in a disarray. Some of the controversial changes announced after the takeover was the firing of about 7,500 staff, including the top executives, monthly $8 charges for a verified Twitter account, and the formation of a new […]
Strong leadership key to embracing innovations and digital transformation in healthcare industry, says GlobalData
The healthcare industry is undergoing constant changes resulting from a range of issues from declining profit margins to stringent regulatory and legislative requirements. Against this backdrop, strong leaders, who can provide clear directions and an effective roadmap, are essential to a complete digital transformation process and ride the next wave of innovation, says GlobalData, a […]
Zero-COVID policy to dim China economic growth in 2022, observes GlobalData
With no end in sight for China’s zero-COVID policy; Arnab Nath, Economist at GlobalData, a leading data and analytics company, offers his view: “China’s reiteration of commitment towards the zero-tolerance of COVID-19 will continue to affect the supply chain and business activities. Against this backdrop, GlobalData forecasts the country’s economic growth to slow down from […]
BYD well positioned to accelerate market development strategy, says GlobalData
BYD Co. Ltd has witnessed a surge in domestic demand as it has rolled out multiple new models over the last year. Each of these models, underpinned by the company’s cell-to-pack battery technology, which uses long format lithium ferrous phosphate (LFP) blade cells, has enabled the company to improve its competitiveness. As a result, BYD […]
Roughly one in 10 travel and pet insurance customers canceled policy in 2022 due to UK cost-of-living crisis, finds GlobalData
More than 11% of the travel insurance customers canceled their policy over the past 12 months as a cost-saving measure amid the UK’s cost-of-living crisis. Meanwhile, a further 9.0% of the pet insurance customers and 4.8% of the home insurance customers took the same action, according to the GlobalData’s 2022 UK Insurance Consumer Survey*. Benjamin […]
VC funding in Australia down by 9.6% YoY to $3 billion despite 12% growth in volume during January-October 2022, finds GlobalData
A total of 327 venture capital (VC) funding deals of worth $3 billion were announced in Australia during January-October 2022, which is a 12% growth in volume but a 9.6% decline in value compared to the same period in 2021, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, […]
New entrants can alter aHUS digital landscape in Japan, says GlobalData
Atypical hemolytic uremic syndrome (aHUS) is an extremely rare chronic genetic disease with very limited treatment options in Japan. Against this backdrop, the entry of new treatments such as pharmaceutical giants Novartis and Roche that have strong digital experience can alter the aHUS digital landscape dynamics in Japan, says GlobalData, a leading data and analytics […]
LMVH looks to evolve from luxury goods brand to lifestyle brand with The Hall by Louis Vuitton restaurant in China, opines GlobalData
Following the news that LVMH Moët Hennessy Louis Vuitton (LMVH) opened its first restaurant “The Hall by Louis Vuitton” in Chengdu, a city in Southwest China: Bobby Verghese, Consumer Analyst at GlobalData, offers his view: “LVMH has recently opened ‘The Hall by Louis Vuitton’ restaurant at the iconic Sino-Ocean Taikoo Li mall located in Chengdu, […]
China COVID-19 drugs pipeline focuses on new variants amidst rising concerns of zero-COVID policy, says GlobalData
COVID-19 resurgence in China is a great concern globally due to the presence of two new Omicron sub-variants—BF.7 and BA.5.1.7, as they are highly infectious with greater transmissibility. As a result, the country has reinforced emphasis on its zero-COVID policy. Against this backdrop, Chinese companies COVID-19 drugs pipeline focus on new variants, observes GlobalData, a […]
GlobalData Job Analytics Trends & Signals Q3 2022 Report indicates future of work and ESG themes trending
Active jobs decline 3% as closures rose 12% QoQ in Q3 2022 Technology and banking and payments industries posted most jobs Future of work and ESG themes had more job postings as well as closures. Over 300 firms, including Wipro, HCL and Goldman Sachs announced layoffs The global job market continued to decline in Q3 […]
GlobalData Company Filings report shows flat business sentiment, rise in macroeconomic risk mentions in Q3 2022
Mentions of inflation, shortages and supply chain up Russia and Ukraine continue to be among top geographies Highest sentiment seen among technology companies Space Systems, LNG, and Commodity Prices emerge as trending themes The global business sentiment remained flat during Q3 2022 but declined by 2% year-on-year (YoY), with companies across industries experiencing slow growth […]
China M&A deal value soars 50% YoY in Q3 2022, finds GlobalData
The ongoing global geopolitical uncertainties, rising interest rates and climbing inflation continue to pose risks to the mergers & acquisition (M&A) deal activity in Q3 2022. Even though the global deal value saw a 48% year-on-year drop in Q3 2022, China still managed to record 50% growth during the quarter, according to GlobalData, a leading […]
Transcatheter aortic valve replacement golden years are over, says GlobalData
Following Edwards Lifesciences CEO statement on the chilly outlook for transcatheter aortic valve replacement (TAVR); James Spencer, Senior Data Scientist at GlobalData Healthcare, offers his view: “For the past couple of years, TAVR has been enjoying an explosive growth. It was one of, if not, the fastest-growing cardiovascular markets, with consistent double-digit percentage growth of […]
Twitter influencers positive about Pfizer RSV vaccine promising results, reveals GlobalData
Pfizer Inc has announced that its bivalent respiratory syncytial virus (RSV) vaccine candidate showed an efficacy of 81.8% against hospitalization in infants from birth through the first 90 days of life. Against this backdrop, positive conversations among Twitter influencers around ‘RSV Vaccine’ shot up dramatically, finds the Social Media Analytics Platform of GlobalData, a leading […]
Fixed communications services revenue in Malaysia to increase at 2.5% CAGR between 2022-2027, forecasts GlobalData
The fixed communications service revenue in Malaysia is set to increase at a compound annual growth rate (CAGR) of 2.5% from $1.8 billion in 2021 to $2.1 billion in 2026 primarily led by the fixed broadband service segment, says GlobalData, a leading data and analytics company. GlobalData’s Malaysia Fixed Communications Forecast (Q2 2022) reveals that […]
Twitter influencer conversations on #COP27 witness 150% growth in October, reveals GlobalData
The 27th Conference of the Parties of the UNFCCC (COP27) will be hosted by the Government of the Arab Republic of Egypt from 06-18 November 2022. In the run-up to the conference, Twitter influencer conversations started piling up and recorded a 150% growth around ‘COP27’ in October* over the previous month, reveals the Social Media Analytics […]