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South Korea has emerged as a global leader in the biopharmaceutical industry, driven by its advanced clinical research infrastructure and government support. Key companies like Celltrion and Samsung Bioepis dominate the biosimilars market, contributing significantly to the approvals and pipelines. Celltrion’s strong presence in deal-making further underscores South Korea’s growing influence in the global biosimilars […]
Race to deliver food in minutes heats up in India, says GlobalData
The Indian food delivery industry is witnessing fierce competition as demand for ultra-fast services surges. In a bold move, Zomato-owned Blinkit has launched “Bistro,” a quick food delivery platform promising snacks and meals within 10 minutes, challenging players like Swiggy Bolt, Zepto Café, and Swish. This rapid growth is driven by the country’s fast-paced urban […]
Global data analytics market to reach $190 billion in 2028, forecasts GlobalData
The exponential growth of data, driven by IoT, cloud computing, and artificial intelligence (AI) advancements, is transforming how businesses operate and make decisions. Against this backdrop, the total data analytics market is forecasted to be worth $190 billion in 2028, implying an 11.1% compound annual growth rate (CAGR) between 2023 and 2028. With data volumes […]
Deep brain stimulators market in India to grow at 10% CAGR through 2033, forecasts GlobalData
The growing prevalence of movement disorders in India, coupled with the inability of many patients to access appropriate surgical intervention, has resulted in a substantial treatment gap. Against this backdrop, the deep brain stimulators (DBS) market in India is projected to witness an anticipated compound annual growth rate (CAGR) of over 10% through 2033, forecasts […]
GlobalData launches next-generation Sales Intelligence platform
GlobalData, the trusted intelligence partner to the world’s most successful organisations, has launched Sales Intelligence, a data driven, artificial intelligence (AI)-powered, and expert curated platform, as part of its vision to boost productivity and success across the world’s largest industries with AI-powered solutions. Sales Intelligence is underpinned by GlobalData’s proprietary data and insights, leveraging more […]
Google leads right-to-repair legislation, sets new standard for consumer advocacy, reveals GlobalData
Google is at the forefront of the right-to-repair movement, driving key legislative changes that set a new standard for consumer advocacy and sustainability. With its active support leading to legislative wins in states like Oregon and Colorado, Google is reshaping the consumer electronics landscape, promoting repairability, transparency, and longer product lifecycles, while encouraging broader industry […]
Hydrogen startups accelerate clean energy innovations, says GlobalData
The global hydrogen market is experiencing rapid growth, fueled by increasing demand for sustainable energy solutions, supportive government policies, and advancements in hydrogen technology. Startups in the sector are addressing critical challenges such as hydrogen production efficiency, storage, distribution, and application in industrial and mobility sectors, says GlobalData, a leading data and analytics company. GlobalData’s […]
Respiratory syncytial virus prophylactic market to surpass $6 billion across 8MM in 2030, forecasts GlobalData
The respiratory syncytial virus (RSV) prophylaxis market across the eight major markets (8MM*) is forecast to grow at a compound annual growth rate (CAGR) of 26.7% from $582 million in 2020 to $6.2 billion in 2030, with the pediatric and adult segments accounting for $2.2 billion and $4.0 billion, respectively, according to GlobalData, a leading […]
Cobenfy set to break dopamine dominance in schizophrenia treatment, says GlobalData
The FDA has recently approved Karuna/Bristol Myers Squibb’s KarXT (Cobenfy), an oral medication for the treatment of schizophrenia in adults. Diverging from the traditional dopamine-based therapies, Cobenfy is said to address the critical gaps in the current treatments by targeting muscarinic acetylcholine receptors. Its success can pave the way for broader adoption of non-dopaminergic approaches […]
APAC computed tomography market to see consistent growth through 2033, forecasts GlobalData
The computed tomography (CT) market in the Asia-Pacific (APAC) region is forecasted to grow at a compound annual growth rate (CAGR) of more than 3% in market value from 2023 to 2033. Within this market, 64-slice CT systems are expected to drive the largest share of growth, with a projected CAGR exceeding 4% over the […]
One third of HCPs prioritize data privacy as the top challenge for AI in clinical practice, says GlobalData
The adoption of artificial intelligence (AI) in clinical practice is revolutionizing healthcare by improving efficiency and patient outcomes. However, with one-third of healthcare professionals identifying data privacy as the top challenge, addressing critical issues such as robust safeguards, workflow integration, and stakeholder acceptance is essential to ensure AI’s ethical implementation and long-term success, says GlobalData, […]
Europe outpaces US in TCR immunotherapy licensing deals in 2024, reveals GlobalData
Licensing agreement deal value for innovative T-cell receptor (TCR) immunotherapy drugs surged in 2024, with European biopharmaceutical companies reporting a 325% surge ($921 million) from 2023 to 2024 year-to-date (YTD), compared to a 90.5% rise ($256 million) in the US, according to GlobalData, a leading data and analytics company. TCR-based immunotherapies harness their unique ability […]
Ford Motor’s recent ads highlight versatility, innovation and heritage to meet lifestyle demands, reveals GlobalData
Ford Motor’s recent YouTube advertising campaigns, spanning September to November 2024, strategically highlight the brand’s versatility, innovation, and heritage, showcasing a diverse range of vehicles and services designed to cater to varied lifestyle demands, reveals the Global Ads Platform of GlobalData, a leading data and analytics company The database insights reveal Ford’s use of compelling […]
India startups raise $9.2 billion VC funding during January-October 2024, reveals GlobalData
A total of 984 venture capital (VC) funding deals were announced in India during January-October 2024 which was a year-on-year (YoY) improvement of 5.8% in deal volume. Meanwhile, the total disclosed funding value of these deals jumped by 44.4% YoY to $9.2 billion during the same period, according to GlobalData a leading data and analytics […]
Tech giants among key companies posting jobs around spatial computing, reveals GlobalData
Spatial computing is revolutionizing how businesses integrate digital and physical realms in real-time. The technology is utilized in augmented reality (AR), virtual reality (VR), and mixed reality (MR) applications to improve communication, collaboration, and productivity. Against this backdrop, companies across sectors including some tech giants are posting jobs related to spatial computing, reveals GlobalData, a […]
Singapore ICT market revenue to grow at 16.3% CAGR over 2023-2028, forecasts GlobalData
The enterprise information and communications technology (ICT) market in Singapore is expected to grow at a compound annual growth rate (CAGR) of 16.3%, driven by a vibrant tech ecosystem with thriving startup scenario, well developed communications infrastructure, and positive IT investment sentiment among enterprises in the country, forecasts GlobalData, a leading data and analytics company. […]
Enterprise ICT market revenue in Australia to witness 12% CAGR over 2023-2028, forecasts GlobalData
The enterprise ICT market in Australia is anticipated to grow at a compound annual growth rate (CAGR) of 12%. This growth is driven by the ongoing digital transformation and technology modernization initiatives among the businesses and the government’s efforts to accelerate digitalization in the country, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Company discussions around spatial computing revolve around investments, innovations and collaborations, reveals GlobalData
Spatial computing is transforming how businesses integrate digital and physical environments, propelled by advancements in immersive technologies, cloud computing, and artificial intelligence (AI). The growing interest is evident in company filings, which showcase a transformative leap towards the convergence of real and virtual worlds. The recent developments, including strategic partnerships, product launches, and investments, underline […]
Product innovation crucial to succeed in price-competitive UK food & grocery market, says GlobalData
UK grocers must move beyond competing solely on price and prioritize innovation in their product offerings to attract a growing base of transient shoppers. Developing unique and diverse food ranges is essential to drive long-term growth and customer loyalty. With the food market expected to contribute £19.3 billion in sales to the UK food & […]
Pharma dose CMOs face growth slowdown, but opportunities lie ahead, says GlobalData
Contract manufacturing revenues in the pharmaceutical finished dose sector witnessed a significant slowdown over the past financial year. Challenging market conditions, driven by drug pricing pressures, regulatory shifts, and geopolitical tensions, have reshaped the landscape, offering both hurdles and opportunities for contract manufacturing organizations (CMOs) to adapt and innovate amidst global generic shortages, reveals GlobalData, […]