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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

China’s rapid GenAI patents surge sets stage for global AI leadership, says GlobalData

China’s rapid advancements in generative artificial intelligence (GenAI) highlight its determination to lead the global AI landscape. The significant surge in GenAI patent filings—nearly 50% of the global total—reflects the country’s aggressive push towards technological leadership. This drive is not only reshaping industries but also setting new standards for innovation, positioning China as a formidable […]
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Virtual industrial monitoring patents surge reflects mining sector growing emphasis on compliance, says GlobalData

Virtual industrial monitoring is becoming essential in the mining sector, especially for regulatory compliance. By utilizing advanced IoT and AI technologies, these systems offer continuous monitoring and detailed reporting of operational metrics. This helps mining companies meet stringent environmental and safety standards. The rising patent activity further underscores the industry’s shift toward digital solutions for […]
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Pharma CMO M&A activity shifts focus to scaling in 2023, reveals GlobalData

Merger and acquisition (M&A) activity in the pharmaceutical contract manufacturing industry declined in 2023 compared to 2021-22. High inflation and interest rates along with an uncertain business environment disincentivized investment. Despite fewer deals, the focus shifted towards scaling operations rather than acquiring specialized capabilities, according to GlobalData, a leading data and analytics company. Adam Bradbury, […]
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Bangladesh textile sector turmoil fuels optimism for India’s apparel exports, reveals GlobalData

The ongoing political and economic instability in Bangladesh, a global hub for textile and apparel manufacturing, became the focal point of discussion among the industry experts and influencers on social media platform “X”. Influencers highlight that the disruption in Bangladesh’s textile sector offers India a chance to capitalize on the potential shift in global apparel […]
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Top 20 global biopharmaceutical companies report 4.3% growth in market capitalization in Q2 2024, reveals GlobalData

The biopharmaceutical industry remained resilient in the second quarter (Q2) of 2024 as global markets and investor optimism improved with anticipation of a potential interest rate cut from the US Federal Reserve. The top 20 global biopharmaceutical companies reported a total increase of 4.3% in market capitalization from $3.8 trillion as on 31 March 2024 […]
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Abdominal aortic stent grafts market in India to grow at 7% CAGR through 2033, forecasts GlobalData

The growing need for abdominal stent grafts in India is largely driven by the increasing incidence of abdominal aortic aneurysms (AAA). With the aging population and a rise in lifestyle-related conditions such as hypertension and atherosclerosis, the demand for minimally invasive treatments like stent grafts has surged. Against this backdrop, India’s abdominal aortic stent grafts […]
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China robotic surgical systems market to reach $250 million through 2033, forecasts GlobalData

China’s robotic surgical systems is emerging as a dynamic force in the global medical technology landscape, driven by rapid advancements in healthcare innovation and increasing demand for minimally invasive procedures. Against this background, China’s robotic surgical systems market is projected to reach $250 million in 2033, according to GlobalData, a leading data and analytics company. […]
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Zoom Docs positions Zoom to better compete with Microsoft and Google, says GlobalData

The rollout of Zoom Docs reinforces Zoom role in enhancing productivity within hybrid work environments and positions the company competitively against Microsoft and Google. The introduction underscores Zoom’s continued evolution and growing influence in the team collaboration space, according to GlobalData, a leading data and analytics company. Gregg Willsky, Principal Analyst, Enterprise Technology and Services at […]
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Soccer dominates payments sector as Mastercard and Visa drive major sponsorship deals in 2024, reveals GlobalData

Soccer continues to dominate the payments sector in 2024, with 140 deals totaling $371.60 million annually. Mastercard’s landmark $195 million sponsorship of the UEFA Champions League highlights soccer’s unparalleled commercial value. UEFA’s substantial annual expenditure, followed by FIFA and other major leagues, reinforces the sport’s global appeal. Visa also makes a strong impact with high-profile […]
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Consumer industry crucial for China economic growth, says GlobalData

China unveiled a comprehensive plan in early August 2024 to boost household consumption, highlighting the consumer industry’s crucial role in economic recovery. As the property market struggles and exports wane, boosting consumer spending—especially on services—has become essential. This shift underscores the industry’s potential to drive growth, as China looks to reduce its reliance on manufacturing […]
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Atopic dermatitis treatment sees promising future with new drug approvals, says GlobalData

Atopic dermatitis (AD) is experiencing a transformative shift in treatment management with recent drug approvals that address critical unmet needs. The introduction of novel therapies, such as Dermavant’s VTAMA (tapinarof) (Japan) and Arcutis’s ZORYVE (roflumilast) (US), with innovative mechanisms of action, offers hope for improved patient outcomes. As these treatments enter the market, they underscore […]
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Card payments in Singapore to grow by 14.3% in 2024, forecasts GlobalData

The Singapore card payments market is forecast to grow by 14.3% to reach SGD162.1 billion ($120.7 billion) in 2024, supported by a constant consumer shift towards non-cash payments, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in Singapore registered a growth of 20.9% in 2022, driven […]
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