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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

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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Eli Lilly obesity drug tirzepatide approval in China strengthens market position amid GLP-1 agonist competition, says GlobalData

Eli Lilly’s tirzepatide (Mounjaro) has recently been approved by the National Medical Products Administration (NMPA) for treating obesity. This approval, based on the positive results from the SURMOUNT-CN clinical trial, makes tirzepatide the first dual glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor agonist approved for obesity treatment in China, which is expected to […]
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India VC funding sees 45.3% YoY jump in H1 2024 despite 2.1% drop in deal volume, reveals GlobalData

India’s venture capital (VC) landscape during the first half (H1) of 2024 highlights a strategic shift towards relatively larger investments, as reflected by the 45.3% increase in disclosed funding value year-on-year (YoY) despite a 2.1% drop in deal volume. This trend signifies investors’ growing confidence in high-potential startups, with significant deals like Zepto’s $665 million […]
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UK startups secure $7.7 billion VC funding despite fewer deals during H1 2024, reveals GlobalData

The UK startups secured $7.7 billion in venture capital (VC) funding during the first half (H1) of 2024, demonstrating a 2.8% year-on-year (YoY) increase in total value despite a 17.8% drop in deal volume. This divergence highlights a trend of selective investment, with significant backing for high-potential ventures. The substantial deals and investor enthusiasm suggest […]
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8×8 unveils AI upgrades to contact center platform but suffers feature rollout delays, says GlobalData

8×8 has introduced AI-enhanced features to its contact center platform that elevate the customer experience and raise customer satisfaction. However, the integrated cloud contact center and unified communications platform provider faces challenges with delayed feature rollouts, potentially impacting its market reputation and competitive edge, says GlobalData, a leading data and analytics company. Gregg Willsky, Principal […]
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Sahm Rule sparks US recession debate among influencers on social media platform X, reveals GlobalData

Sahm Rule activation has driven recession discussions to the forefront of the social media platform “X” in early August. This economic indicator signals a potential recession when the three-month moving average of the national unemployment rate exceeds its 12-month low by over 0.5%. With rising unemployment, a tightening job market, and increasing national debt, the […]
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