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The ongoing geopolitical and macroeconomic headwinds seem to be making investors in the Asia-Pacific (APAC) region risk-averse. A total of 1,342 deals (mergers & acquisitions [M&A], private equity, and venture financing deals) were announced in the region in July 2022, a decline of 12.4% over the 1,532 deals announced in June 2022, reveals GlobalData, a […]
COVID-19 dynamics to limit Japan OTC healthcare growth to 0.7% CAGR over 2021-2026, predicts GlobalData
The COVID-19 pandemic has catalyzed the sales of prescription drugs in Japan, leaving the over-the-counter (OTC) healthcare sector in the doldrums. However, the renewed consumer focus on holistic health and wellbeing is expected to spur the demand for health supplements in the long-term. Consequently, Japan’s OTC healthcare market will expand at a modest compound annual […]
Twitter influencers opine US Chips and Science Act will enhance supply chain resiliency, finds GlobalData
With the advent of technology, semiconductor chips have spread from automobiles, computers, and smartphones to various other consumer goods. Currently, their demand is outstripping supply. The semiconductor chip industry has experienced supply chain disruption earlier too. However, the ongoing COVID-19 induced crisis is much deeper, particularly in the Americas. The US has therefore come up […]
Card payments in New Zealand to grow at 5% CAGR between 2022 and 2026, forecasts GlobalData
The New Zealand payment card market is expected to gradually recover from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0% between 2022 and 2026 and reach NZ$98.0 billion ($67.1 billion) in 2026, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card […]
Ola electric cars will face stiff competition in India, says GlobalData
India-based electric vehicle (EV) manufacturer Ola Electric plans to launch its maiden electric car in 2024. However, the Softbank-backed company will face stiff competition and need significant investment in operational and technological capabilities to gain a foothold in the Indian market, says GlobalData, a leading data and analytics company. Ola is set to compete with […]
Positive results from Chinese study on serial liquid biopsy-based screening to improve cancer surveillance, says GlobalData
A prospective study conducted at Guangdong Lung Cancer Institute in China, established a clinically significant cut-off point of 18 months for serial liquid biopsy-based screening to detect minimal residual disease (MRD) in lung cancer patients after early-stage surgical treatment. This will allow oncologists to identify patients in need of appropriate adjuvant treatment resulting in better […]
Over 50% India enterprises significantly raise ICT budget for 2022, finds GlobalData survey
Driven by the ongoing digital initiatives by the Indian government and a surge in the use of digital technologies due to COVID-19, more than 50% of enterprises* in India have significantly increased their ICT budget in 2022 compared to 2021, reveals GlobalData, a leading data and analytics company. GlobalData’s India enterprise ICT investment trends report, […]
Twitter influencer discussions around polio soar by 200% over last three months, reveals GlobalData
The recent detection of poliovirus samples in the sewage and wastewater of the US and the UK has created havoc globally, as viruses seem to be more menacing with the ongoing fight against COVID-19. On the other hand, monkeypox cases are also on the rise. In this context, the discussions around ‘polio’ among the Twitter […]
Growing awareness, renewed economic growth help top 20 APAC insurers post aggregate premium of $908.6 billion in 2021, reveals GlobalData
China dominates the list with seven companies China Taiping Insurance and New China Life Insurance gained over 15% in revenue Japan Post Insurance lost nearly 10% in revenue In the wake of the COVID-19 pandemic, majority of the population realized the importance of insurance. Against this backdrop, the top 20 Asia-Pacific (APAC) public insurance companies […]
Growing investment in biotech startups likely to make CAR-T therapies affordable in India, says GlobalData
Biotech startups in India, which are focused on developing cell/gene (including CAR-T) therapies for the management and treatment of certain life-limiting illnesses that significantly affect the patient’s quality of life, are increasingly attracting investment from major pharmaceutical companies. This is likely to boost their research and production capabilities and eventually makes the therapies affordable to […]
Made-in-India surgical robotic system SSI Mantra to benefit underserved population, says GlobalData
India-based medtech startup SS Innovations has recently launched made-in-India SSI multi-arm novel tele robotic assistance (Mantra) surgical robotic system. Against this backdrop, SSI Mantra will pave the way for cost-effective robotic surgical treatment for the underserved population across the globe, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Robotic Surgical Systems Market […]
Most Japan enterprises increase ICT budget for 2022, finds GlobalData survey
Driven by the need to realign their IT infrastructure in an evolving business environment in the post-peak COVID-19 era, 60% of the enterprises* in Japan have increased their ICT budget in 2022 compared to 2021, reveals GlobalData, a leading data and analytics company. GlobalData’s Japan Enterprise ICT Investment Trends Report, which is based on the […]
GlobalData forecasts Australia hot drinks market to grow at 5.4% CAGR during 2021-2026
With food and fuel prices spiralling due to the ongoing Russia-Ukraine conflict and inclement weather conditions, Australians are paying more for hot drinks such as coffee and tea. However, the COVID-19 pandemic has spurred the demand for health and wellness tea blends and herbal/fruit infusions. Consequently, the Australian hot drinks market is set to grow […]
Autonomous mobile robots become next big bet in industrial operations, finds GlobalData
As automation becomes the new normal for businesses in the era of Industry 4.0 to achieve higher efficiencies and lower costs, autonomous mobile robots (AMRs) are increasingly finding applications in the mobile robotics ecosystem, finds GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “The advent of […]
Telecom and pay-TV services revenue in Australia to reach $21.9 billion in 2026, forecasts GlobalData
The total telecom and pay-TV services revenue in Australia is expected to grow at a compound annual growth rate of 1.6% from $20.2 billion in 2021 to $21.9 billion in 2026, mainly supported by mobile data and fixed broadband service segments, forecasts GlobalData, a leading data and analytics company. GlobalData’s ‘Australia Telecom Operators Country Intelligence […]
China hot drinks sector set to surpass $48 billion in 2026, predicts GlobalData
Despite the brewing geopolitical, economic, and health crises, China’s hot drinks sales are set to increase, as consumers trade up to higher-quality products. The introduction of innovative and customized tea, coffee, and plant-based hot drinks is bolstering the market growth. As a result, the China’s hot drinks market is set to register a compound annual […]
Top 50 APAC firms report 21% growth in 2021 aggregate revenue, reveals GlobalData
China dominates the list with 28 companies Xiamen C&D, Reliance Industries, and Wuchan Zhongda Group gained over 45% in revenue Financial services sector tops the list with 13 companies Increased rollout of COVID-19 vaccines during 2021 and resilient economic growth in China helped in the gradual recovery of the economic activity in the Asia-Pacific (APAC) […]
Belgium defense market set to grow to $6.5 billion in 2027, forecasts GlobalData
Belgium’s defense market is set to grow to $6.5 billion in 2027, driven by the conflict in Ukraine and the need to modernize its armed forces, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Belgium Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027’, Belgium’s […]
Australia defense spending to grow at 3.8% CAGR between 2022-2027, estimates GlobalData
Australia’s desire to maintain the security and stability of the surrounding Indo-Pacific region and the South China Sea coupled with its modernization programs will see its defense spending growing at an estimated CAGR of 3.8% over the period 2022-2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Australia Defense Market Size and […]
Retailers shift gears in autonomous last-mile delivery adoption, says GlobalData
Delivery expenses, including returns and damages, are currently some of the major pain points in retail. As more and more customers move from offline to online for their shopping needs, ‘last-mile’ has become more significant than ever before for retailers. Against the backdrop, retailers are increasingly adopting the autonomous last-mile delivery as a smart logistics […]