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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

Takeda continues post-Shire selloff to the benefit of Korean biopharma Celltrion, says GlobalData

South Korea-based bio/pharma company Celltrion has recently agreed to acquire a portfolio of 18 prescription pharmaceutical products and over-the-counter medicines across the Asia-Pacific (APAC) region for US$278.3m from Japan-based drug giant Takeda. This acquisition by Celltrion is part of Takeda’s massive divestment program to help release it from its crippling debt from its recent US$62bn […]
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Despite COVID-19, mobile service revenue in Australia to register 3.7% CAGR over 2019-2024, forecasts GlobalData

Despite a decline in 2020 due COVID-19 pandemic, the mobile services revenue in Australia will increase at a compound annual growth rate (CAGR) of 3.7% from US$9.7bn in 2019 to US$11.6bn by 2024, driven by steady rise in mobile Internet subscriptions, increase in mobile data consumption, and growth in mobile data average revenue per subscriber (ARPS), according […]
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COVID-19 accelerates digital transformation in retail, says GlobalData

As the entire world is scrambling to come back to normalcy under the COVID-19 pandemic-induced social distancing guidelines, brick-and-mortar retailers are shifting gears to rapidly embrace digital technologies to bridge the physical distance and navigate the crisis. With increased competition from e-commerce, reduced foot traffic and low consumer confidence, the need to build digital capabilities […]
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China to lead APAC perfusion disposables market between 2019 and 2030, says GlobalData

The perfusion disposables market in China is expected to grow at a compound annual growth rate (CAGR) of 1.7% and lead the Asia-Pacific (APAC) market during 2019-2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Perfusion Disposables – Cardiovascular Market Analysis and Forecast Model’, reveals that China was the biggest market […]
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Social media and interactive smartphone-based applications transforming aesthetics market in China, says GlobalData

While the increasing desire to enhance physical appearance and the changing attitudes towards self-image are the main market drivers of China’s aesthetic devices market, technological advances through social media and smartphone-based applications are increasingly playing a predominant role, according to GlobalData, a leading data and analytics company. GlobalData’s research reveals that the China’s aesthetic devices […]
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Dr Reddy’s takes lead in COVID-19 treatment with both favipiravir and remdesivir in portfolio, says GlobalData

Following the news that Indian pharmaceutical giant Dr. Reddy’s Laboratories (Dr Reddy’s) has signed tripartite agreement with Tokyo-based FUJIFILM Toyama Chemical and Dubai-based Global Response Aid (GRA) for the development, manufacturing and sales of favipiravir innovator brand Avigan; Anupama Mishra, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “This is […]
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Influx of electronic component makers into medical devices market will reduce India’s import dependency on China, says GlobalData

COVID-19 outbreak presents an opportunity to electronic component manufacturers in India to foray into medical devices market and reduce the country’s import dependency on China, says GlobalData, a leading data and analytics company. Recently, the Kerala State Electronics Development Corporation (Keltron), a state government-owned company which manufactures electronic equipment, announced foray into medical devices sector […]
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Interest in AR/VR grows during COVID-19 pandemic but market needs to evolve, says GlobalData

The virtual reality (VR)/augmented reality (AR) market—collectively known as extended reality (XR)—has been on the cusp of becoming the next mainstream platform, but it has remained niche for many years thanks to technological limitations and scant content. However, the COVID-19 global pandemic appears to have changed the technology’s fortunes—at least in the short-term—as homebound people […]
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Pandemic forces Canadian insurers to digitalize to keep losses down, says GlobalData

COVID-19 pandemic has entailed a greater degree of adoption of digitalization by brokers, agents and insurers in the Canadian insurance industry to ensure remote connectivity with customers, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘GlobalData’s report Covid-19 Impact on the Payments Industry: Canada Forecast Snapshot’, reveals that the Canadian insurance industry is […]
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Japan will reorient missile defense posture as Aegis Ashore is suspended, says GlobalData

Japan’s announcement on the suspension of the deployment of Aegis Ashore missile defense systems marks a potential shift in the country’s security strategy. The turning point depends on the substitute for Aegis Ashore. The country is now considering pre-emptive strike capabilities as a possibility, targeting missile launchers in North Korea first instead of intercepting incoming […]
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Asia to spearhead global refinery CDU capacity additions through 2024, forecasts GlobalData

Asia is expected to have the highest crude distillation unit (CDU) capacity additions, contributing about 42% of the global CDU capacity additions by 2024, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2020−2024 – Asia Dominates Global Refinery CDU Capacity and Capex Outlook’, reveals […]
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Big bio/pharma companies sales bolstered by COVID-19, says GlobalData

The COVID-19 pandemic has led to temporarily increased drug sales for biggest bio/pharma companies in the first quarter (Q1) of 2020. This increase over sales forecasts for Q1 2020 was due to COVID-19-related purchases, as people stockpiled in preparation for reduced medical access in the lockdown, says GlobalData, a leading data and analytics company. Madeleine […]
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