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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

Global digital twins market will be worth $154 billion in 2030, forecasts GlobalData

Digital twins are increasingly transforming industries such as manufacturing, healthcare, and aerospace, offering solutions to optimize operations, improve efficiency, and enable predictive capabilities across various sectors. Against this backdrop, the global digital twins market is expected to grow at a compound annual growth rate (CAGR) of 35.6% from $5 billion in 2019 to $154 billion […]
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Pulsed field ablation devices face growth challenges as US tariffs disrupt cardiovascular market, says GlobalData

The US cardiovascular devices market is facing growing challenges as President Trump’s tariffs disrupt global supply chains and worsen international relations. Particularly, pulsed field ablation (PFA) devices, often manufactured abroad for cost, efficiency, and material access, are now subject to higher tariffs. This disruption could slow the significant growth seen in the sector in recent […]
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Deforestation now poses material risk as EUDR enforces strict supply chain accountability, says GlobalData

Deforestation is no longer just a reputational concern, it is now a material risk with regulatory teeth. With the EU Deforestation Regulation (EUDR) taking effect in December 2025, companies across sectors must prove their supply chains are deforestation-free or face severe penalties. The shift demands urgent action on traceability, supplier engagement, and sustainability strategy to […]
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Audi YouTube ads blend performance with purpose, emphasizing electric mobility and social responsibility, reveals GlobalData

Audi AG’s (Audi) YouTube advertising campaigns from November 2024 to April 2025 spotlight its growing commitment to electric mobility models ranging from the Quattro all-wheel drive system to A6 e-tron and Q6 e-tron. The ads blend high performance with sustainability, reflecting the Germany-based automotive giant’s aim to meet the needs of today’s luxury buyers who […]
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India’s consumer lending market to surpass $720 billion in 2025 amid rising credit demand, forecasts GlobalData

The consumer lending market in India is expected to grow by 4.9% to reach $724.2 billion in 2025 supported by robust economic growth, urbanization and growing consumer demand for housing, vehicles, and consumer durables. Despite global headwinds, India’s growing middle class, improving disposable incomes, and supportive monetary policies continue to propel credit demand, solidifying the […]
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2025 World Snooker Championship sees $1.71 million sponsorship amid digital surge and commercial shift, reveals GlobalData

The 2025 World Snooker Championship highlighted the evolving commercial landscape of the sport, generating an estimated $1.71 million in sponsorship revenue despite a 20% drop in naming rights value. A last-minute title deal with British workflow automation software brand Halo and record-breaking digital viewership reflect strong audience demand, while growing interest from China and Saudi […]
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China’s biopharma commands $30 billion in oncology licensing deals, triples US output in 2024, reveals GlobalData

China’s biopharmaceutical sector experienced a notable increase in oncology drug licensing deals in 2024, particularly for monoclonal antibodies (mAbs) and antibody-drug conjugates (ADCs), with a combined deal value of $30 billion. The mAbs and ADCs licensed from Chinese biopharma accounted for 89% of all molecule types, with the total deal value being three times that […]
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GlobalData forecasts ADC NSCLC market to reach $3.9 billion in 2032

Despite the FDA first approving Pfizer’s antibody-drug conjugate (ADCs) Mylotarg (gemtuzumab ozogamicin) in 2000, it was not until 2022 for non-small-cell lung cancer (NSCLC) to see its first ADC approval, AstraZeneca’s and Daiichi Sankyo’s Enhertu (trastuzumab deruxtecan), for human epidermal growth factor receptor (HER) 2-mutated patients. Following this approval, the ADC market in NSCLC is […]
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Digital wallet market in Australia to surpass $130 billion in 2025 amid cashless shift, forecasts GlobalData

Digital wallet adoption is accelerating rapidly in Australia, with transaction values projected to grow by 20.8% in 2025 to reach AUD201.3 billion ($132.9 billion). This surge is fueled by the shift towards cashless payments, rising smartphone usage, and broader acceptance of NFC and QR-based solutions—highlighting the growing role of digital wallets in Australia’s evolving financial […]
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KDCA and SK bioscience forge ahead to shield South Korea against future pandemic influenza threats, says GlobalData

South Korea has launched the Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program, led by the Korea Disease Control and Prevention Agency (KDCA) in collaboration with SK bioscience. This proactive initiative is expected to significantly strengthen and prepare the nation against emerging influenza threats, says GlobalData, a leading data and analytics company. This government-led […]
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Mammography equipment market in South Korea to grow at 4% CAGR through 2036, forecasts GlobalData

The market for mammography equipment in South Korea is undergoing significant growth. This upsurge is attributable to the broadening scope of breast cancer screening initiatives, increased public awareness, and the incorporation of sophisticated imaging technologies. Owing to these factors, the mammography equipment market in South Korea is set to grow at a compound annual growth […]
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Taiwan commits to multi-layered defense modernization amid heightened regional tensions, observes GlobalData

Taiwan is undertaking a comprehensive, multi-layered defense modernization effort, driven by rising security threats and the imperative to deter potential aggression from China. With defense spending projected to reach $23.5 billion in 2030, Taiwan is prioritizing advanced air, naval, and unmanned systems, while also strengthening logistics and support infrastructure to enhance resilience and sustain prolonged […]
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Ireland card payments market to surpass $124 billion in 2025 despite economic headwinds, forecasts GlobalData

The Ireland card payments market is expected to growth by 8.7% to reach EUR114.8 billion ($124.2 billion) in 2025 supported by growing preference for electronic payments. Despite economic headwinds, including new US tariffs, strong banking infrastructure, a declining reliance on cash, and steady debit card use are supporting growth, though momentum may slow amid weakening […]
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MPTS 2025 celebrates largest edition ever with record visitor numbers, reveals MBI, a GlobalData company

The UK’s most powerful hub for the creative industries united for two days of engaged networking, passionate debate and exceptional insights into AI, the creator economy, production craft and more – helping attendees stay ahead-of-the-curve for the year ahead. London, United Kingdom, 21 May 2025 – After two exceptional days of conversation, collaboration and community, […]
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Sanofi and Regeneron AIM4 trial may redefine timing of biologic use in asthma care, says GlobalData

Sanofi and Regeneron Pharmaceuticals (Regeneron) have launched the Phase IIIb/IV AIM4 trial at the 2025 American Thoracic Society (ATS) International Conference to evaluate whether earlier initiation of dupilumab improves outcomes in patients with moderate-to-severe asthma compared to standard stepwise escalation with high-dose inhaled corticosteroids. The study reflects a growing shift toward personalized, biomarker-driven asthma management […]
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Mycobacterium tuberculosis tests market in Japan to grow at 4% CAGR through 2036, forecasts GlobalData

As one of the world’s deadliest infectious diseases, tuberculosis (TB) continues to pose a significant global health challenge, especially in low-resource settings, where the lack of timely, accurate, and accessible diagnostics hampers eradication efforts. Against this backdrop, the Mycobacterium tuberculosis tests market in Japan is projected to achieve substantial growth, with an anticipated compound annual […]
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