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The electric vehicle (EV) revolution faces a critical challenge as the low-carbon transition hinges on sufficient battery production. Potential raw material shortages loom large, threatening to disrupt the demand-supply balance. The success of this green transition necessitates addressing these supply chain concerns to ensure a seamless and sustainable future for EVs and the broader low-carbon […]
GlobalData emphasizes balancing innovation and accessibility in in vitro diagnostics market
In the dynamic landscape of in vitro diagnostics (IVD), transformative technologies are revolutionizing medical solutions. The market brings forth innovative answers to diverse medical conditions. However, the challenges within the IVD realm require thoughtful consideration. A crucial focus on enhancing accessibility, personalizing treatment decisions, and pioneering advancements in cancer diagnostics emerges as imperative for the […]
Cisco’s WebexOne 2023: AI-driven hybrid work takes center stage, observes GlobalData
Artificial intelligence (AI) was king at the recently held Cisco’s WebexOne 2023, a unique in-person and virtual hybrid event. The announcements were widespread, touching software and devices; collaboration, contact center, and CPaaS; and audio and video. Amidst the resurgence of feature competition in hybrid work platforms, Cisco stands out by integrating AI innovations seamlessly across […]
American Airlines emerges as social media vanguard among top 15 global airline companies in 2023, finds GlobalData
American Airlines has emerged as the top company with 17% share of conversations among the top 15 most mentioned global airline firms on social media platforms (both on “X” and Reddit) in 2023 (01 January to 31 October), reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company. The remaining most […]
Virtual power plants gain momentum for optimal energy management, says GlobalData
Virtual power plants (VPPs), functioning as cloud-enabled distributed energy systems, represent a pragmatic approach to innovating the energy landscape. By facilitating the seamless integration of renewable energy with advanced digital technologies, VPPs are increasingly becoming popular as an intelligent solution to the complex issues of energy management and distribution, finds GlobalData, a leading data and […]
Diagnosed sepsis cases in China to grow at 2% CAGR through 2033, forecasts GlobalData
Sepsis represents a significant public health challenge, marked by elevated morbidity, high mortality rates, and substantial economic strain. As emerging technologies continue to evolve, there is a positive anticipation that diagnostic methods and rates for sepsis will witness significant improvement in China. Against this backdrop, China’s incidence of diagnosed sepsis cases is expected to grow […]
Xenter new smart guidewire for TAVR procedures could replace traditional guidewires, says GlobalData
US-based Xenter has recently unveiled a new dual-sensor investigational guidewire for use during transcatheter aortic valve replacement (TAVR) procedures. The wireless product poses potential competition to traditional guidewires in the rapidly growing TAVR market, which is set to reach $18.8 billion in 2033, forecasts GlobalData, a leading data and analytics company. The dual sensor guidewire […]
Quantum AI next big thing in AI evolution, predicts GlobalData Tech Foresights model
Quantum AI emerges as the next big advancement in AI development, utilizing quantum mechanics to propel capabilities beyond current limits. With a notable 14% 3-year CAGR increase in patent filings from 2020 to 2022, quantum AI has vast influence and potential across industries, reveals the Tech Foresights model of GlobalData, a leading data and analytics […]
GlobalData foresees escalating telco struggles in SMB market amid volatile economic landscape
With telecoms service providers looking for growth in enterprise revenues from the small and medium-sized business (SMB) market, the combination of intense competition, the long-term impact of the 2007/08 financial crisis, and the Ukraine war are set to squeeze market opportunities in the immediate future, says GlobalData, a leading data and analytics company. Until recently, […]
Novartis blockbuster drug Tasigna faces sales decline as US patent expiry looms, observes GlobalData
Novartis’ blockbuster drug Tasigna (nilotinib) is set to lose its exclusive status in the US in January 2024. A pivotal treatment for chronic myeloid leukemia (CML), with forecasted 2023 sales of $1.8 billion, Tasigna faces a significant sales decline. The impending US patent expiry, coupled with a prior EU patent loss, is anticipated to result […]
APAC deal activity down by 19.5% YoY during January-October 2023, finds GlobalData
A total of 11,881 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January to October 2023, a year-on-year (YoY) decline of 19.5% in terms of volume compared to the announcement of 14,761 deals during the same period in the previous year, according to GlobalData, a […]
Eli Lilly’s obesity drug Zepbound FDA approval intensifies competition with Novo Nordisk’s Wegovy, says GlobalData
Following the news that Eli Lilly’s Zepbound (tirzepatide) has received the US Food and Drug Administration (FDA) approval; Sara Reci, MSc, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Tirzepatide, which is on the market for type 2 diabetes (T2D) as Mounjaro, has received the brand name Zepbound for […]
GlobalData sees companies across sectors posting jobs around GPT-4
Large language model (LLM) is a rapidly growing field, and the demand for skilled professional with expertise in deep learning, machine learning, natural language processing (NLP), and related technologies is on the rise. As more companies adopt chatbots and other LLM AI technologies to improve customer service and operational efficiency, the need for talented individuals […]
Global deal activity down by 23.8% YoY during January-October 2023, finds GlobalData
A total of 44,602 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January-October 2023. This represents a year-on-year (YoY) decline of 23.8% compared to the 58,540 deals announced during the same period in 2022, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals […]
Myasthenia gravis market to generate sales of $6.7 billion across 7MM by 2032, forecasts GlobalData
The market for myasthenia gravis (MG), an autoimmune and neuromuscular disease characterized by muscle weakness and fatigue, is set to experience a compound annual growth rate (CARG) of 8.3% across the seven major markets (7MM*) from $3 billion in 2022 to $6.7 billion in 2032, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]
AI, high-performance, and quantum technologies synergize to advance innovation, says GlobalData
The integration of high-performance computing (HPC) systems with artificial intelligence (AI) is reshaping industries, ushering in a new era of innovation. This fusion is not merely about speed but smarter, data-driven decision-making. While HPC faces challenges, including complexity and energy demands, the emergence of quantum computing is poised to offer more efficient solutions, setting the […]
OpenAI GPT-4 Turbo sparks 70% surge in social media discussions on X, reveals GlobalData
OpenAI has unveiled an upgraded large language model for ChatGPT—”GPT-4 Turbo”—at its first-ever developer conference “DevDay” held in San Francisco on 6 November 2023. This has triggered an impressive 70% increase in discussions over the preceding week around the AI research and deployment company on social media platform “X”, reveals the Social Media Analytics Platform […]
GLP1R-targeting drugs dominate type 2 diabetes pipeline, reveals GlobalData
The type 2 diabetes (T2D) landscape has historically been dominated by insulin receptor (IR) targeting drugs. However, driven by the success of recent glucagon-like peptide 1 receptor (GLP1R)-targeting drugs, there has been a surge in the number of active pipeline drugs addressing this target. This indicates a shift from the conventional IR to the GLP1R […]
AI to drive medical devices industry to $1.2 billion in 2027, forecasts, GlobalData
The global market for artificial intelligence in the medical devices industry is set to grow at a compound annual growth rate (CAGR) of 29.1% from $336 million in 2023 to $1.2 billion in 2027, driven by the demand for healthcare systems to reduce time, costs, and missed detections when diagnosing a growing number of patients […]
Penbraya approval sparks shift to pentavalent meningococcal vaccines in US market, says GlobalData
Pfizer has recently announced the FDA approval of Penbraya, the first and only pentavalent vaccine for coverage against the most common serogroups causing meningococcal disease in people aged 10 to 25 years. The pentavalent vaccine has potential to enhance the level of protection against serious and life-threatening meningococcal infections in adolescents and young adults, says […]