Sarath.Chandra@globaldata.com

Pharma

Age-related macular degeneration market across 7MM set to reach $27.5 billion in 2031, forecasts GlobalData

The age-related macular degeneration market (AMD) in the seven major markets (7MM: the US, France, Germany, Italy, Spain, the UK, and Japan) is set to grow from $7.4 billion in 2021 to $27.5 billion in 2031, driven by the launch of longer-acting anti-vascular endothelial growth factor (VEGF) therapies to treat patients with AMD, an increase […]

Business Fundamentals

US job openings (JOLTS) for November 2023 expected to decline to 8.5 million, lowest in 2.5 years, says GlobalData

The anticipated US Job Openings and Labor Turnover Survey (JOLTS) report for November 2023, set to be released on 3 January 2024, is expected to print between 8.3 to 8.5 million job openings. This forecast is below consensus expectation of 8.75 million and is also lower than the October 2023 figure of 8.73 million. If […]

Business Fundamentals

VC funding in Indian startups plunge 65.8% YoY to $6.9 billion during January-November 2023, reveals GlobalData

Startups in India raised a total of $6.9 billion across 1,013 venture capital (VC) funding deals announced during January-November 2023. This is a 65.8% drop in terms of value compared to the $20.2 billion worth of VC funding raised during the same period in the previous year, according to GlobalData, a leading data and analytics […]

Medical Devices

AI shows revolutionary potential to help with chronic care and weight loss, says GlobalData

Artificial intelligence (AI) has emerged as a game-changing force in the healthcare sector that is vital to the prevention and treatment of chronic illnesses and weight loss. With the introduction of AI technology, a new era of data-driven, personalized healthcare has begun. This technology has the potential to greatly enhance patient outcomes and promote preventive […]

Technology

Saudi Arabia mobile services revenue to grow at 6.3% CAGR over 2023-2028, forecasts GlobalData

The total mobile services revenue in the Saudi Arabia is set to increase at a compound annual growth rate (CAGR) of 6.3% from $12.7 billion in 2023 to $17.3 billion in 2028, mainly due to the rising adoption of mobile data services, forecasts GlobalData, a leading data and analytics company. According to Global Data’s Saudi […]

Business Fundamentals

GlobalData reveals top five GenAI trends for 2024

Generative AI (GenAI) made significant progress in 2023, showcasing its prowess in crafting remarkably authentic content spanning text, imagery, and music. The evolution of this technology transcended traditional boundaries, infiltrating realms such as creative arts, automation, and tailored experiences. A comprehensive analysis of influencer discussions on social media platform X has unveiled a curated selection […]

Business Fundamentals

UK startups raise $13.2 billion in VC funding during January-November 2023, reveals GlobalData

A total of 1,199 venture capital (VC) funding deals of worth $13.2 billion were announced in the UK during January-November 2023. However, VC funding activity suffered a significant setback as there was a decline in both deal volume and value compared to the corresponding period in the previous year. Despite the challenges, the country remains […]

Insurance

Australia life insurance industry to surpass $30 billion in 2028, forecasts GlobalData

The Australian life insurance industry is projected to grow at a compound annual growth rate (CAGR) of 5.9% from AUD33.6 billion ($23.3 billion) in 2023 to AUD44.7 billion ($30.4 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the Australian […]

Oil & Gas

India ranks second in LNG regasification capacity additions in Asia through 2027, forecasts GlobalData

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry Outlook by Capacity and Capital Expenditure (CapEx) Including Details of All Operating and […]

Medical Devices

Beta Bionics iLet Bionic Pancreas may shake up diabetes care devices market, says GlobalData

Beta Bionics, a US-based developer of advanced diabetes management solutions, is set to launch “iLet Bionic Pancreas” automated insulin delivery (AID) system with the Dexcom G7 continuous glucose monitoring (CGM) system on 18 December 2023. Against this backdrop, the diabetes care devices market, which consists of CGM systems and insulin pumps, is set to grow […]

Sport

Tourist boards navigate lucrative sponsorships with soccer giants and beverage brands, says GlobalData

In a dynamic intersection of travel and sports, 96 tourist boards have active sponsorship deals in place with sports properties from a variety of different sports. A significant number of these agreements involves some of the world’s largest soccer clubs, boasting substantial fanbases from around the globe. Among the highly lucrative deals, eight non-alcoholic beverages […]

Business Fundamentals

VC funding in US down by 44.1% YoY to $104.5 billion during January-November 2023, reveals GlobalData

Total VC funding value crosses $100 billion in November US continues to dominate global VC funding landscape The US startup ecosystem saw the announcement of a total of 6,307 venture capital (VC) deals of worth $104.5 billion during January-November 2023. This represents a year-on-year (YoY) decline of 42% in terms of deals volume and a […]

Pharma

Obesity drug Mounjaro to surpass Ozempic with $27 billion sales in 2029, forecasts GlobalData

Novo Nordisk‘s Ozempic (semaglutide) took the weight loss sector by storm in 2023, propelled by strong efficacy and safety data, coupled with social media buzz and celebrity endorsements that elevated the drug to mainstream prominence. However, a potential challenger has emerged in the form of Eli Lilly‘s Mounjaro (tirzepatide), which secured FDA approval for obesity […]

Business Fundamentals

China startups witness 26.9% YoY drop in VC funding to $39.7 billion in Jan-Nov 2023, reveals GlobalData

China witnessed the announcement of 2,972 venture capital (VC) funding deals amounting to $39.7 billion from January to November 2023. This represents a 15.3% year-on-year (YoY) drop in deal volume and a 26.9% decline in deal value compared to the corresponding period in the previous year, reveals GlobalData, a leading data and analytics company. An […]

Medical Devices

GlobalData foresees paradigm shift in neurostimulation as Medtronic’s Percept DBS system attains CE Mark

The recent attainment of the CE mark for Medtronic‘s Percept deep brain stimulation (DBS) system marks a significant milestone in the field of neurostimulation, driving advancements in tailored therapies. The system’s personalized approach mirrors a broader industry shift, shaping neurostimulation technologies. With a focus beyond traditional neurological disorders, the CE mark propels the market towards […]

Pharma

Positive Rezzayo data marks milestone in candidemia and invasive candidiasis treatment, says GlobalData

Melinta Therapeutics and Cidara Therapeutics released extensive data from two global clinical trials on their candidemia and invasive candidiasis drug Rezzayo (rezafungin acetate). The findings affirm the safety and efficacy of Rezzayo, a novel echinocandin antifungal administered through weekly intravenous (IV) infusion. This reinforces its market position, emphasizing its efficacy and safety in addressing fungal […]

Medical Devices

Global partnership deals to foster Singapore AimSG pilot project advancement, says GlobalData

Singapore’s healthcare sector is advancing significantly by incorporating artificial intelligence (AI) into medical practices, marking a notable leap forward. The Advanced and Integrated Manufacturing for Sustainable Growth (AimSG) platform has been instrumental in this expansion, focusing on expediting the validation and deployment of trustworthy AI imaging models within Singapore’s public healthcare institutions. This initiative has […]

Aerospace, Defense & Security

China to persist with carrier strike group to assert regional dominance, says GlobalData

China’s recent deployment of a carrier strike group in the Taiwan Strait, led by the aircraft carrier Shandong, underscores its resolve to employ military strength in asserting regional claims. Despite being trailed by warships from the US, Japan, and Taiwan, Shandong persisted in navigating the Taiwan Strait, revealing China’s unwillingness to compromise its regional dominance, […]

Technology

COP 28 sees tech companies driving progress in global climate action, says GlobalData

COP 28, the 28th annual United Nations (UN) climate meeting that took place in Dubai, has delivered some progress towards addressing the climate crisis. Technology companies collaborated with the UN, reinforcing their commitment to sustainability goals. Initiatives like the AI Innovation Grand Challenge demonstrate the tech sector’s pivotal role. Partnerships, such as the UN-Microsoft collaboration […]

Disruptor

Tissue regeneration breakthroughs unveil new era in medical science, says GlobalData

Tissue regeneration is an emerging field of medicine that aims to repair and restore healthy functioning tissue, with the potential to reverse aging. Leveraging cutting-edge techniques such as stem cell therapy and 3D bioprinting, researchers have observed progressive stages of soft tissue regeneration, demonstrating potential applications in aesthetic and reconstructive procedures. This transformative trend heralds […]

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Age-related macular degeneration market across 7MM set to reach $27.5 billion in 2031, forecasts GlobalData

US job openings (JOLTS) for November 2023 expected to decline to 8.5 million, lowest in 2.5 years, says GlobalData

VC funding in Indian startups plunge 65.8% YoY to $6.9 billion during January-November 2023, reveals GlobalData

AI shows revolutionary potential to help with chronic care and weight loss, says GlobalData

Saudi Arabia mobile services revenue to grow at 6.3% CAGR over 2023-2028, forecasts GlobalData

GlobalData reveals top five GenAI trends for 2024

UK startups raise $13.2 billion in VC funding during January-November 2023, reveals GlobalData

Australia life insurance industry to surpass $30 billion in 2028, forecasts GlobalData

India ranks second in LNG regasification capacity additions in Asia through 2027, forecasts GlobalData

Beta Bionics iLet Bionic Pancreas may shake up diabetes care devices market, says GlobalData

Tourist boards navigate lucrative sponsorships with soccer giants and beverage brands, says GlobalData

VC funding in US down by 44.1% YoY to $104.5 billion during January-November 2023, reveals GlobalData

Obesity drug Mounjaro to surpass Ozempic with $27 billion sales in 2029, forecasts GlobalData

China startups witness 26.9% YoY drop in VC funding to $39.7 billion in Jan-Nov 2023, reveals GlobalData

GlobalData foresees paradigm shift in neurostimulation as Medtronic’s Percept DBS system attains CE Mark

Positive Rezzayo data marks milestone in candidemia and invasive candidiasis treatment, says GlobalData

Global partnership deals to foster Singapore AimSG pilot project advancement, says GlobalData

China to persist with carrier strike group to assert regional dominance, says GlobalData

COP 28 sees tech companies driving progress in global climate action, says GlobalData

Tissue regeneration breakthroughs unveil new era in medical science, says GlobalData

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