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Even as the COVID-19 pandemic continues to affect the global economies and businesses, Chinese companies have upped the ante to acquire or invest in distressed foreign assets in strategic locations. Against this backdrop, governments across several nations are now concerned about this move by China, according to GlobalData, a leading data and analytics company. Several […]
Success of new research projects crucial in containing community spread of COVID-19 in India, says Globaldata
The Department of Science and Technology – Science and Engineering Board (DST-SERB) has recently initiated several special research projects. These efforts could help contain community spread of the novel coronavirus (COVID-19) in India, says GlobalData, a leading data and analytics company. According to GlobalData COVID-19 dashboard, as of 05 May 2020, India has 46,437 confirmed cases […]
AI will become crucial to insurers following COVID-19, says GlobalData
Businesses will be forced to reconsider their spending priorities as a result of COVID-19 pandemic and insurers are expected to ramp up investment in artificial intelligence (AI), according to GlobalData, a leading data and analytics company. According to GlobalData’s 2019 Quarterly Tech Trends Survey, 67% of firms in the insurance industry are currently using AI. Although […]
China’s blockchain-backed recovery from COVID-19 could pave way to create efficient disease surveillance system, says GlobalData
Despite the COVID-19 outbreak, China managed to launch its national blockchain-based service network (BSN) in April 2020, as scheduled earlier, in an attempt to promote the mass adoption of blockchain and explore the opportunities that the digital economy can bring. China has been an early adopter of technologies to fight COVID-19 and will be closely observed […]
Pharma companies shine in gloomy APAC business environment during Q1 2020, says GlobalData
The COVID-19 outbreak is having a major impact on business enterprises worldwide, as they grapple with weak demand and brace up for recession. Against the backdrop, the total market capitalization (M Cap) of the top 50 companies in the Asia-Pacific (APAC) region witnessed a substantial decline during the first quarter (Q1) ended 31 March 2020. […]
India needs to step up healthcare spending to combat outbreaks such as COVID-19 in future, says GlobalData
With an unexpected spike in COVID-19 cases, India has extended the countrywide lockdown till 17 May 2020. The move reflects India’s dependency on lockdown to contain the pandemic amid poor healthcare spending and infrastructure, says GlobalData, a leading data and analytics company. According to GlobalData COVID-19 dashboard, as of 04 May 2020, although India has 42,505 […]
APAC pay-TV penetration to stagnate through 2024 due to cord-cutting in developed markets, says GlobalData
Healthy subscription growth across emerging markets will be offset by slower growth or decline in pay-TV subscriptions in developed markets, causing household pay-TV penetration in the entire Asia-Pacific (APAC) region to stagnate at 66% through 2019-2024, says GlobalData, a leading data and analytics company. Emerging APAC markets like Indonesia, the Philippines and Thailand with low […]
Calibrated financial support to bolster India’s preparedness in fight against COVID-19, says GlobalData
Following the news that India has approved nearly US$2bn* towards ‘India COVID-19 Emergency Response and Health System Preparedness Package’; Sasmitha Sahu, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “The move comes as no surprise as the COVID-19 situation has seen some unprecedented decisions taken swiftly by the Indian government. […]
COVID-19 impact will see UK investors move to safer retail deposits, says GlobalData
Retail investors in the UK will gravitate towards deposits and away from riskier high-yielding assets, according to leading analytics company, GlobalData. GlobalData’s report, ‘COVID-19 Sector Impact: Retail Savings & Investments – The UK’, reveals that equity balances are expected to fall by 18% in 2020 alone while retail deposit balances grow by 5%. While the […]
Samsung Health Monitor app may disrupt South Korea’s blood pressure monitors market, says GlobalData
Samsung Electronics has recently received Software as a Medical Device (SaMD) approval for its over-the-counter and cuffless blood pressure monitoring application ‘Samsung Health Monitor app’ from South Korea’s Ministry of Food and Drug Safety (MFDS). The app will allow users to check blood pressure using a smartwatch and has the potential to disrupt the country’s […]
M&A activity in Asia-Pacific remained inconsistent during Q1 2020, finds GlobalData
The mergers and acquisition (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during the first quarter (Q1) of 2020, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the number of announced M&A deals decreased from 494 in February 2020 to 457 in March […]
Favipiravir exports during COVID-19 outbreak reaffirm India’s position as ‘pharmacy to the world’, says GlobalData
Following the news that India-based Strides Pharma has developed and commenced the export of generic favipiravir antiviral tablets to potentially treat COVID-19 infection; Sasmitha Sahu, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “This is an opportunity to reaffirm that India is indeed the ‘pharmacy to the world’. As the […]
Wockhardt’s QIDP status for WCK 6777 reflects unmet need and untapped market opportunity, says GlobalData
India-based Wockhardt Ltd has recently received US FDA qualified infectious disease product (QIDP) status for WCK 677 (currently filed Investigational New Drug Application/Clinical Trial Application (IND/CTA)) to treat complicated urinary tract infections, including pyelonephrits and intra-abdominal infections. WCK 6777 targets multidrug resistance bacterial infections where unmet need is high, translating to an untapped market opportunity, […]
India needs to address challenges faced by private laboratories amid high COVID-19 costs, says GlobalData
With government hospitals handling more COVID-19 testing across the country, private laboratories are facing hurdles such as high operating costs and low testing volumes in India. Against this backdrop, the government should come to the rescue of the private laboratories, which are finding it difficult to scale up testing, says GlobalData, a leading data and […]
Reduced appetite for credit and falling house prices will hit New Zealand mortgage market, says GlobalData
A reluctance to take on credit and buy houses, especially for first-time buyers, will negatively impact the New Zealand mortgage market in the short-term, according to GlobalData, a leading data and analytics company. Resham Karira, Retail Banking Analyst at GlobalData, says: “Banks are offering mortgage relief on payments for up to six months for customers […]
South Korea’s construction industry output expected to contract by 2.8% in 2020, says GlobalData
South Korea’s construction industry is expected to contract by 2.8% in 2020 as containment measures for COVID-19 and slower economic growth due to declining exports will adversely affect the industry, according to GlobalData, a leading data and analytics company. Dhananjay Sharma, Construction Analyst at GlobalData, comments: “Due to extensive testing and contact tracing measures, South […]
Domestic and international travel disrupted similarly in Asia-Pacific, finds GlobalData
A recent survey conducted by GlobalData, a leading data and analytics company, shows that domestic and international travel plans in three key Asia-Pacific markets have been equally affected; Nick Wyatt, Head of Research & Analysis for Travel & Tourism at GlobalData, offers his view: “Much media attention has focused on international travel restrictions and the […]
Consumer lending in China to slow down due to Covid-19 pandemic, says GlobalData
The Chinese consumer lending market, which recorded 16.3% growth in 2019, is expected to slow down to 6.2% to reach CNY46.7 trillion (US$6.7 trillion) in 2020, as per the latest revised post-coronavirus (Covid-19) data published by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Global Retail Banking Analytics reveals that retail consumer […]
APAC deal activity continues to show resilience for second consecutive week ended 26 April 2020, finds GlobalData
A total of 345 deals were announced in the Asia-Pacific (APAC) region during the week ended 26 April 2020, an increase of 17.7% over the 293 deals announced during the previous week, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the deal volume surpassed the […]
Branded digital support for rheumatoid arthritis patients in Japan looks competitive and encouraging, says GlobalData
The rheumatoid arthritis (RA) treatment landscape in Japan is highly competitive with many novel disease-modifying anti-rheumatic drugs (DMARDs). To stay ahead of the competition, the branded support offered to RA patients by companies marketing these drugs looks competitive and encouraging, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Rheumatoid Arthritis: Global […]