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Transcatheter aortic valve replacement (TAVR) has revolutionized the management of aortic valve stenosis (AS), providing a less invasive alternative to traditional surgical aortic valve replacement (SAVR). Initially approved for high-risk surgical patients, TAVR’s indications have expanded to include intermediate and even low-risk patients. However, its application in patients with bicuspid aortic valve (BAV) disease presents […]
Flexible electronic circuit innovations complement climate change action, notes GlobalData
Nanometer-thick materials offer flexibility and electronic properties, paving the way for sustainable, cost-effective flexible electronics. This innovation, alongside increased patent filings and strategic investments, is advancing the integration of flexible electronic circuits into renewable energy solutions, significantly boosting the adaptability and resilience of energy systems in the fight against climate change, says GlobalData, a leading […]
OpenAI acquisition of Rockset to enhance AI capabilities evokes optimism among X influencers, finds GlobalData
OpenAI, an artificial intelligence (AI) research lab backed by Microsoft, has acquired Rockset, a company that specialises in real-time analytics databases, for almost US$200 million. The acquisition has drawn attention and various reactions from influencers on social media platform “X”, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company. Smitarani […]
Niemann Pick Type C market sales across 3MM to reach $220 million in 2031, forecasts GlobalData
Niemann Pick Type C (NPC) is a rare progressive genetic disorder, characterized by the accumulation of dysfunctional proteins causing lysosomal function impairment. Patients can experience diverse symptoms, from hepatosplenomegaly, to neurological disorders, to respiratory failure. New medicines for NPC are expected to launch in the three major markets (3MM: US, Germany and UK) in the […]
Oncology tests market in Japan to reach $30 million through 2033, forecasts GlobalData
Cancer continues to be a major public health issue in Japan. This high incidence is attributed to specific dietary habits and increased cigarette smoking. Against this background, the oncology tests market in Japan is expected to reach $30 million through 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s research reveals that Japan’s oncology […]
Malaysia SVoD household penetration to reach 43% in 2028, forecasts GlobalData
The household penetration of subscription video on demand (SVoD) services in Malaysia is expected to increase from 26% in 2023 to 43% in 2028, driven by the increasing consumer preference towards OTT platforms as broadband services continue to improve in the country, forecasts GlobalData, a leading data and analytics company. GlobalData’s Malaysia Subscription Video on […]
Credit and charge card payments in Hong Kong to surpass HDK1 trillion in 2024, forecasts GlobalData
The Hong Kong (China SAR) credit and charge card market is set to grow by 15.6% to reach HKD1.02 trillion ($130.6 billion) in 2024, supported by rising consumer spending. With a strong payment infrastructure and burgeoning e-Commerce landscape, credit and charge cards are becoming increasingly favored among the Hong Kong consumers. This trajectory signifies a […]
Multiplay service revenue in Singapore to grow at 3.9% CAGR over 2023-2028, forecasts GlobalData
Multiplay service revenue in Singapore is expected to grow at a compound annual growth rate (CAGR) of 3.9% from $1.1 billion in 2023 to $1.3 billion in 2028, in line with growth in the average monthly multiplay household spending and continued rise in the number of multiplay households on the back of improving fixed network […]
Tesla dominates Reddit discussions on US electric vehicle industry during H1 2024, reveals GlobalData
The US electric vehicle (EV) industry is fervently discussed on Reddit during the first half (H1) of 2024 (01 January – 18 June), with dialogues spanning from the impacts of tariffs on EV prices to strategic moves by leading companies, influencing public perception and market dynamics within the sector. Against this backdrop, Tesla Inc has […]
Mobile service revenue in Malaysia to increase at 3.2% CAGR over 2023-2028, forecasts GlobalData
The total mobile service revenue in Malaysia is poised to increase at a compound annual growth rate (CAGR) of 3.2% from $5.2 billion in 2023 to $6.1 billion in 2028, supported by growth in mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s latest Malaysia Mobile Broadband Forecast (Q1 2024) […]
US startups raise over $50 billion VC funding during Jan-May 2024 despite decline in deal volume, reveals GlobalData
The US startups secured $52.6 billion venture capital (VC) funding through 1,985 deals in the first five months of 2024. Despite a significant year-on-year (YoY) decline in deal volume, the funding value dropped only slightly, highlighting a trend of larger investments in fewer deals. Notably, May saw a surge with four billion-dollar deals, emphasizing cautious […]
Abbott to compete with Medtronic in EU dual-chamber leadless pacemaker market, says GlobalData
Abbott’s dual-chamber leadless pacemaker product, the Alveir DR, has just gained CE approval, which gives it an opportunity to compete with Medtronic, which currently has a monopoly on the market with its Micra AV product line. The global dual chamber leadless pacemaker market is poised to grow at a compound annual growth rate (CAGR) of […]
Connected vehicle technologies market in APAC poised to grow at 4% CAGR during 2023-2028, forecasts GlobalData
The proliferation of internet connectivity and deployment of 5G cellular technology in major countries such as China, India, South Korea, and Japan are expected to drive the demand for new connectivity features in cars in the Asia-Pacific (APAC) region. As a result, the APAC connected vehicle technologies market is projected to grow at a compound […]
Philippines general insurance industry to reach $3.8 billion in 2028, forecasts GlobalData
The Philippines’ general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4 billion ($2.6 billion) in 2024 to PHP209.0 billion ($3.8 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Philippines’ general […]
BIOSECURE Act could impact US biopharma drugs, with half in clinical trials, reveals GlobalData
The BIOSECURE Act could impact more than 120 US biopharmaceutical drugs partnered with Chinese companies “of concern” named in the bill. Of these, approximately half are in clinical trials (Phases I to III) and a third are in early-stage preclinical studies and discovery, reveals GlobalData, a leading data and analytics company. In January 2024, the […]
Belgium card payments market to grow by 5.6% in 2024, forecasts GlobalData
The Belgium card payments market is forecast to grow by 5.6% in 2024 to reach EUR152 billion ($164.3 billion), supported by high consumer preference for electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in Belgium registered a growth of 11.8% in 2022, driven […]
Retail won’t see an immediate boost from a Starmer government’s policy agenda, says GlobalData
Following the release of the Labour Party’s 2024 general election manifesto; Oliver Maddison, Retail Analyst at GlobalData, offers his view: “The retail sector should not expect to be the immediate priority of the likely incoming Starmer-led government after next month’s general election. Of the retail-relevant policies set out in the Labour manifesto on Thursday, the […]
Companies seen hiring for industrial metaverse roles, finds GlobalData
As the concept of an industrial metaverse unfolds, businesses are navigating the digital landscape, adapting, innovating, and using digital twins to improve efficiency. Against this backdrop, companies are actively hiring for roles that leverage artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and other advanced technologies to optimize operations and stay competitive in the […]
Private biotech rebounds with 46% growth in venture funding during Q1 2024, reveals GlobalData
The private biotech sector witnessed a 46% increase in total venture financing deal value in the first quarter (Q1) of 2024 compared to the fourth quarter (Q4) of 2023. This uptick signals progress towards recovery in venture financing as investor confidence improves, according to GlobalData, a leading data and analytics company. Private biotech venture financing […]
Global transformers market to reach $51.33 billion in 2028, led by the Asia-Pacific region, forecasts GlobalData
The global power industry is witnessing significant growth, with the global power transformers market projected to reach $23.60 billion, and the distribution transformers market expected to hit $27.73 billion by 2028. In 2023, the Asia-Pacific (APAC) region emerged as the market leader, fueled by heightened commercial activity in Southeast Asia and substantial asset demands in […]