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China is the epicenter of the coronavirus (Covid-19) pandemic and its impact on the country’s payments industry is that cash transactions will see significant decline while card payments continue to grow over the next four years, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Covid-19 Impact on the Payments Industry: China Forecast […]
Bione rapid home screening test kit a major breakthrough in fight against Covid-19, says GlobalData
Following the news that India-based genetic and microbiome testing company Bione has received approval for its coronavirus (Covid-19) diagnostic test kit from the Indian Council of Medical Research (ICMR); Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “As the Covid-19 cases in India are surging and the […]
Expansion of Covid-19 testing further complements exemplary reaction by India, says GlobalData
India’s agility so far in handling the coronavirus (Covid-19) situation is an exemplar, given its large population and the public healthcare challenges. As the country gears up to involve private partners for both testing and treatment of Covid-19, it is likely to aid further in containing the epidemic in the country, says GlobalData, a leading […]
Covid-19 poses an existential threat to many shared mobility service providers in India, says GlobalData
Following the news that coronavirus (Covid-19) hit Indian shared mobility service providers are turning to layoffs and salary cuts to keep business afloat; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The ongoing Covid-19 pandemic is leaving a deep mark on the mobility sector in India. […]
Japan’s motor insurance business to face stagnation over next four years due to Covid-19 outbreak, says GlobalData
Motor insurance, which is a dominant business line in the Japanese general insurance market, is set to witness stagnation over the next four years due to the coronavirus (Covid-19) outbreak, says GlobalData, a leading data and analytics company GlobalData’s report, ‘Japan General Insurance: Key Trends and Opportunities to 2023’, reveals that the motor insurance gross […]
India needs to step up production of personal protective equipment to avert supply disruptions amid Covid-19 outbreak, says GlobalData
Anticipating increased demand for personal protective equipment (PPE) products following the rising number of coronavirus (Covid-19) cases, India has recently decided to ban their exports. However, as the entire world is battling the coronavirus outbreak, India needs to speed up domestic production to avert any medical equipment supply chain disruption, says GlobalData, a leading data […]
Telecom sector will shine in post Covid-19 era, says GlobalData
The coronavirus (COVID-19) is by far the most significant theme to affect the technology/telecom industry in 2020. However, its effect is going to be short-term. In the post COVID-19 era, telcos are expected to perform well as the world will be more connected and businesses better prepared for such calamities, says GlobalData, a leading data […]
High incident cases of invasive pneumococcal disease in India is result of lack of country-wide vaccination, says GlobalData
Invasive pneumococcal disease (IPD) presents a significant public health concern globally. India leads the way with the highest number of diagnosed incident cases of IPD, says GlobalData, a leading data and analytics company. The company’s latest report ‘Pneumococcal Vaccines: Epidemiology Forecast in Asia-Pacific Markets to 2028’, reveals that there were more than two million diagnosed […]
Amid Covid-19 outbreak GlobalData suggests short-term and long-term considerations for Australian banking
The medical effects of coronavirus (Covid-19) on Australia are still building, with caseloads rising and likely to continue doing so for some time. While still early days, indicators are that short-term bank profits will plummet, loan growths will stall, impaired loans will begin to rise and the industry will see further consolidation, according to GlobalData, […]
Government investment will turnaround active pharmaceutical ingredients industry in India, says GlobalData
Following the news that India has approved US$1.3bn* (INR10Kbn) healthcare package to boost the domestic manufacturing of active pharmaceutical ingredients (API); Prashant Khadayate, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “The package, which is part of a turnaround strategy to reduce India’s dependence on China, will help boost the […]
Deep learning to be key driver for expansion and adoption of AI in Asia-Pacific, says GlobalData
Deep learning, a subset of machine learning and artificial intelligence (AI), is predicted to provide formidable momentum for the adoption and growth of artificial intelligence in the Asia-Pacific (APAC) region. The next few years will see deep learning become part of main-stream deployments, bringing commendable changes to businesses in the region, says GlobalData, a leading […]
Covid-19 outbreak in China threatens biopharma in-house manufacturing, says GlobalData
With several mega cap biopharma companies having their vital manufacturing steps in Chinese facilities, the novel coronavirus (Covid-19) outbreak is putting the complicated global biopharma industry’s supply chain under strain, says GlobalData, a leading data and analytics company. Supply chain problems in China include a largely quarantined workforce, delays in transporting materials and several other […]
Driven by offshore investments, India’s reinsurance market to reach US$7.8bn by 2024, says GlobalData
India’s pure reinsurance business is among the fastest-growing markets globally. The recent regulatory changes by the Insurance Regulatory and Development Authority of India (IRDAI) are set to encourage the offshore companies to set up reinsurance operations in India. These amendments will not only bring a level playing field for all the competitors but also drive […]
Sparkling wine emerged as most mentioned wine category among industry experts on Twitter during H2 2019, says GlobalData
Sparkling wine was the most discussed wine category with 33% quarter-over-quarter (QoQ) increase among the conversations of leading wine influencers on Twitter during the second half (H2) of 2019, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Wine Influencer Platform, which tracks the industry experts from wine industry and their […]
Asia-Pacific accounts for 40% of global clinical trials initiated in 2019, finds GlobalData
The Asia-Pacific (APAC) has emerged as the most prominent region for conducting clinical trials, accounting for over 40% of the annual share of globally conducted clinical trials in 2019, finds GlobalData, a leading data and analytics company. Overall, the largest share of trials was in phase II, followed by phase I. Almost 78% of the […]
Fintech startups scaling up to re-bundle services, says GlobalData
The trend of global funding to venture-backed fintech companies growing in the later stages but with a pullback in the seed-stage indicates a general consolidation towards the maturing of fintech sector, where the startups are looking to scale up beyond their boundaries, says GlobalData, a leading data analytics company. Sudheshna Karukula, Fintech Analyst at GlobalData, […]
With Roche Diagnostics coronavirus test approval India looks to delay progression to next stage, says GlobalData
Following the news that the the Drug Controller General of India (DCGI) has given license to Roche Diagnostics India to conduct coronavirus tests; Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “Coronavirus (Covid-19) outbreak has squeezed the imports and countries across the world are rushing to secure […]
Ale emerged as most mentioned beer type among experts on Twitter during H2 2019, says GlobalData
Ale has emerged as the leading beer type on Twitter among beer industry influencers with 11% quarter-on-quarter (Q-o-Q) growth during the second half (H2) of 2019, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Beer Influencer Platform, which tracks the beer industry experts and their discussions pertaining the emerging trends, […]
Covid-19 highlights need for reduction in dependence on Chinese auto component imports in India, says GlobalData
Following the news that 25,000 auto executives in India will be working from home to contain the spread of Covid-19 contagion; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Most of these employees are from key original equipment manufacturers (OEMs), including Ford, Tata Motors, Mahindra, Volkswagen, […]
APAC axial spondyloarthritis market to grow moderately over next decade due to uptake of expensive biologic therapies, says GlobalData
The axial spondyloarthritis (axSpA) market across the five growth markets (5GM*) in the Asia-Pacific (APAC) region will experience moderate growth over the next 10 years, which can be attributed to the increased uptake of expensive biologic therapies in India and China along with the imminent arrival of new interleukin-17 (IL-17) inhibitors and Janus kinase (JAK) […]