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China-based Everest Medicines has recently launched Nefecon (budesonide DR) to treat primary immunoglobulin A nephropathy (IgAN) in China. It is the first approved medicine for IgAN by China’s National Medical Products Administration (NMPA). It represents an innovative treatment option for IgAN patients with more rapid disease progression compared to the American and European populations, says […]
FDA approval of Verona’s Ohtuvayre to transform US COPD market for severe exacerbators, says GlobalData
Following the Food and Drug Administration’s (FDA) approval of Verona Pharma’s Ohtuvayre (ensifentrine) yesterday evening in the US: Asiyah Nawab, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Ohtuvayre, a first-in-class dual phosphodiesterase (PDE) 3/4 inhibitor, has great potential to dominate the market for moderate to severe exacerbators with chronic […]
South Africa card payments market to reach $125 billion in 2024, forecasts GlobalData
South Africa’s card payments market is forecast to grow by 11.4% in 2024 to reach ZAR2.3 trillion ($125 billion), supported by a constant consumer shift towards non-cash payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in South Africa registered a growth of 13.4% in […]
Telecom and pay-TV services revenue in Malaysia to increase at 1.9% CAGR over 2023-2028, forecasts GlobalData
The total telecom and pay-TV services revenue in Malaysia is expected to increase at a compound annual growth rate (CAGR) of 1.9%, from $7.7 billion in 2023 to $8.5 billion in 2028, supported by mobile data and fixed broadband service segments, according to GlobalData, a leading data and analytics company. GlobalData’s Malaysia Telecom Operators Country […]
Oil and gas industry embraces circular economy to combat plastic pollution, says GlobalData
The circular economy involves recycling, reusing, and repurposing of products to extend their usable lifetime. Among the oil and gas industry’s conventional products, plastic is the most relevant to the circular economy. Increasing demand for circular economy solutions in the oil and gas industry, especially regarding plastics, presents several long-term opportunities for companies. Companies can […]
US card payments market to grow by 5% in 2024, forecasts GlobalData
The US card payments market is forecast to grow by 5% in 2024 to reach $10.6 trillion, 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 US registered a growth of 12.3% in 2022, driven by the […]
Mobile service revenue in Japan to increase at 3.5% over 2023-2028, forecasts GlobalData
Japan’s mobile service revenue is poised to increase at a compound annual growth rate (CAGR) of 3.5% from $52.7 billion in 2023 to $62.6 billion in 2028, mainly supported by the mobile data service segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Japan Mobile Broadband Forecast (Q1-2024) reveals that mobile voice service revenue […]
FDA approval of CAPVAXIVE will enhance protection against pneumococcal disease in older adults, says GlobalData
The FDA has approved Merck’s CAPVAXIVE (pneumococcal 21-valent conjugate vaccine, originally known as V116), for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in adults aged 18 years and older. This is the first pneumococcal vaccine that is specifically designed to protect against serotypes which particularly infect older adults. The vaccine will likely become […]
Top 20 global payment giants thrive despite economic challenges, rake in $236 billion in 2023, reveals GlobalData
Amidst expansionary monetary policy, geopolitical uncertainties, and soaring inflation, the global payments industry continued to thrive in 2023. The top 20 public payment companies saw their revenues rise by 3.5% to $236 billion, reveals GlobalData, a leading data and analytics company. The US payment companies dominated the list with the top four – American Express, […]
Fisker bankruptcy highlights struggles in balancing competitive pricing and sustainability, reveals GlobalData
Fisker bankruptcy filing has ignited fervent discussions among influencers on the social media platform “X”, drawing attention to the challenges and opportunities within the electric vehicle (EV) industry. Influencers are critically examining the sustainability of pricing strategies following Fisker’s drastic price reductions and bankruptcy filing, emphasizing the challenges faced by new entrants in scaling production […]
China sustains lead in VC funding, second only to US during Jan-May 2024, reveals GlobalData
China’s venture capital (VC) landscape experienced a 12.1% year-on-year (YoY) decline in deal volume during January-May 2024, with the announcement of 1,198 deals. Despite this, the disclosed funding value surged to $17.2 billion, marking a 16.3% YoY increase. This growth, driven by an uptick in high-value deals, positions China as a leading global market for […]
Philippines card payments market to surpass $60 billion in 2024, forecasts GlobalData
The Philippines card payments market is expected to grow by 17.2% to reach PHP3.4 trillion ($61.1 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 the Philippines reached PHP2.9 trillion ($52.1 billion) in 2023, […]
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 […]
The Changing Offshore Investment Landscape: Join GlobalData’s webinar
Despite the ongoing discussions about deglobalization following the US-China trade war and the COVID-19 pandemic, there is no evidence of negative impact on the global offshore investment market. Currently, 42.5% of high-net-worth (HNW) wealth is allocated to offshore accounts. However, the factors driving these investments and the preferences for specific offshore booking centers vary significantly […]
TAVR treatment remains low in bicuspid aortic valve stenosis patients, finds GlobalData
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 […]
Fixed communication services revenue in Malaysia to grow at 0.7% CAGR during 2023-2028, forecasts GlobalData
The fixed communication services revenue in Malaysia is expected to increase at a compound annual growth rate (CAGR) of 0.7% from $1.87 billion in 2023 to $1.94 billion in 2028, supported by the fixed broadband service segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Malaysia Fixed Communications Forecast (Q1 2024) reveals that the […]
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 […]
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 […]
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 […]