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The rheumatoid arthritis (RA) treatment landscape in Australia is well established with several novel disease-modifying anti-rheumatic drugs (DMARDs). However, stiff biosimilars competition is expected to impact the leading drugs — AbbVie’s Humira and Pfizer’s Enbrel. Against this backdrop, the pharma giants are offering maximum support to RA patients through digital channels, says GlobalData, a leading […]
Post strong performance in 2020, Grab eyes successful US listing, says GlobalData Thematic Research
Singapore-based ride hailing giant Grab has announced a Nasdaq listing via a merger with California-based special-purpose acquisition company (SPAC) Altimeter Growth Corp. The company will be valued at close to $40bn, making it the highest valued SPAC deal to date. E-commerce was the most successful theme among the technology, media and telecom (TMT) initial public […]
Rising fuel prices, costlier conventional vehicles drive CNG car sales in India, says GlobalData
Following the news that Maruti Suzuki India Limited sold over 157,000 factory-fitted CNG vehicles in FY2020-21; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Increasing CNG car sales indicate the growing alternative fuel vehicle market in India and is a positive development towards achieving clean […]
Life insurance industry in Malaysia to reach US$15.7bn in 2025, says GlobalData
The life insurance industry in Malaysia is projected to grow from MYR50.70bn (US$11.98bn) in 2020 to MYR65.86bn (US$15.68bn) in 2025, in terms of gross written premium, according to GlobalData, a leading data and analytics company. GlobalData has revised Malaysia’s insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Malaysian life insurance […]
South Korea renal dialysis market to witness 12.5% growth through 2025, forecasts GlobalData
The renal dialysis market in South Korea is expected to grow at a compound annual growth rate (CAGR) of 12.5% between 2020 and 2025, driven by the increasing use of hemodialysis machines and peritoneal dialysis (PD) for the treatment of end-stage renal disease (ESRD), forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
Singapore leads medical tourism within APAC with Novartis’ Kymriah approval, says GlobalData
The inherent heterogeneity of diseases such as cancer is driving the field of personalized (precision) therapies. Within personalized therapies, chimeric antigen receptor (CAR-T) therapies are gaining traction. With the approval of Novartis’ Kymriah, Singapore is now all set to deliver the transformative treatment for cancers and takes the lead in medical tourism within Asia-Pacific (APAC), […]
Intel steps up hiring in Taiwan to secure semiconductor chips supply chain for PC partners, finds GlobalData
Intel Corporation (Intel) is ramping up hiring activity globally but more so in Taiwan. The move forms part of Intel’s strategy to scale the existing supply chains with PC manufacturers in Taiwan and work with external foundries to ensure design, quality, and reliability of its products, observes GlobalData, a leading data and analytics company. An […]
Siemens offers significant e-mobility opportunities for Ashok Leyland in India, says GlobalData
Following the news that Ashok Leyland’s Switch Mobility Automotive and Siemens have signed a memorandum of understanding (MOU) to execute e-mobility projects in India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “The partnership marks the entry of Ashok Leyland to eMobility-as-a-Service (eMaas) or shared […]
Australia’s surgical sutures market to rebound in 2021, forecasts GlobalData
The Australia surgical sutures market, which witnessed a decline in 2020 due to the COVID-19 pandemic, is expected to rebound in 2021 with the gradual resumption of surgical procedures, especially elective ones, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Surgical Sutures (Wound Care Management) – Global Market Analysis and Forecast Model […]
Hyundai strengthening EV presence with innovative products, says GlobalData
Following the news that South Korean auto giant Hyundai is promoting its new electric car Ioniq 5, which has bidirectional charging technology and can power home appliances; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Hyundai has marked itself as a leader in EV technology […]
Georgia’s beverage industry volume declines sharply by 9.6% during Q4 2020, finds GlobalData
The beverage industry in Georgia witnessed a sharp decline in volume by 9.6% during Q4 2020, mainly owing to declines in hot drinks, soft drinks and alcoholic drinks, reveals GlobalData, a leading data and analytics company. GlobalData’s report, ‘Georgia Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks […]
Hong Kong beverage volumes fall 5.3% in Q4 2020, reveals GlobalData
Hong Kong’s beverage industry saw volume decline by 5.3% during Q4 2020 owing to volume declines in all sectors, except dairy drinks, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Hong Kong Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)’, reveals that […]
Beverage industry in Kazakhstan posts modest growth in Q4 2020, says GlobalData
The Kazakhstan’s beverage industry posted a modest growth of 0.4% in Q4 2020, on a Y-o-Y basis with the rise in volume driven by gains in soft drinks, bulk/HOD water, and dairy drinks, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Kazakhstan Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy […]
Efforts from all stakeholders strengthening electric vehicle ecosystem in India, says GlobalData
Concentrated efforts from the government and other stakeholders will boost the supply and demand of electric vehicles (EVs) and subsequently drive the adoption of the EVs in India, says GlobalData, a leading research and analytics company. Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, comments: “The latest developments in the automotive industry indicate that EVs […]
Influencers see Visa announcement to use USDC as milestone move, says GlobalData
Visa has recently become the first major payments network to settle transactions in USD Coin (USDC), a stablecoin backed by the US dollar, over open source blockchain Ethereum. Against this backdrop, the company witnessed a 300% jump in influencer conversations on Twitter during the last week of March 2021 over the previous week, according to […]
Saudi Aramco sees 100% surge in influencer conversations post announcement of 44% slump in 2020 net profit, reveals GlobalData
Saudi Arabian Oil Company (Saudi Aramco) witnessed a staggering week-on-week 100% jump in influencer conversations on Twitter during the fourth week of March 2021, following the announcement of a steep 44% decline in 2020 net profit, according to GlobalData, a leading data and analytics company. The global oil giant reported annual earnings of US$49bn for […]
Singapore turns COVID-19 into an opportunity to drive healthtech sector, says GlobalData
Singapore has turned the COVID-19 pandemic into an opportunity to improve its current healthcare workflow and further expand the healthtech sector by innovating new solutions to provide better access and care to people, says GlobalData, a leading data and analytics company. The successful adoption of technology to combat and contain the COVID-19 pandemic effectively has, […]
Personal accident insurance market in India to benefit from policy standardization, says GlobalData
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all general and health insurers in the country to offer standard personal accident insurance ‘Saral Suraksha Bima’ from 1 April 2021. This product with standard coverage and policy wordings will simplify product offering and promote the uptake of personal accident insurance policies in the […]
COVID-19 mutations foil diagnostic test results, says GlobalData
Following the news that the presence of mutated COVID-19 strains in a patient sample can potentially affect the results of diagnostic tests; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view: “With hundreds of millions of vaccines being rolled out worldwide, everyone can finally breathe a sigh of relief […]
Travel & tourism sector witnessed 3.8% decline in deal activity during February 2021, finds GlobalData
A total of 77 deals (mergers & acquisitions, private equity, and venture financing) were announced in the global travel & tourism sector during February 2021, which is a decrease of 3.8% over the 80 deals announced in January 2021, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: […]