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The rapid pace of technological advancement has outstripped the ability of traditional training programs to keep up, creating a significant skills gap. Without the necessary expertise, companies may struggle to integrate new systems, leading to stalled initiatives. Lack of specific skills and talents has been found to be the biggest obstacle for pharmaceutical companies in […]
Nvidia’s AI-driven triumph over Intel powered by strategic innovations, reveals GlobalData’s Technology Foresights
In a historic shift, Nvidia has taken Intel’s coveted spot on the Dow Jones Industrial Average. For over two decades, Intel held its ground in this prestigious index after joining in 1999 alongside tech giant Microsoft and others. However, the advent of artificial intelligence (AI) revolution, set in motion a few years ago by the […]
China to spearhead global phenol capacity additions through 2028, says GlobalData
China is likely to register the highest phenol capacity additions globally by 2028, contributing about 67% of the total capacity additions from upcoming projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Phenol Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028”, reveals that […]
APAC automotive instrument cluster market to reach 55.2 million units by 2029, forecasts GlobalData
In recent years, the automotive industry in Asia-Pacific (APAC) has witnessed a significant shift towards advanced instrumentation in vehicles, as consumers increasingly demand modern features and technologies. From digital displays to driver assistance technologies, consumers are increasingly seeking vehicles that offer not just transportation but a holistic driving experience. As such, the volume of the […]
India dialysis machines market to reach $14 million in 2033, forecasts GlobalData
Chronic kidney disorders, most commonly induced by diabetes, high blood pressure, and other health ailments, pose a huge social and healthcare burden in India, setting up a growing need for advance dialysis services. Against this backdrop, India’s dialysis machines market is expected to reach $14 million in 2033, forecasts GlobalData, a leading data and analytics […]
Global travel and tourism deal activity down by 10.4% YoY during January-October 2024, reveals GlobalData
A total of 583 deals (mergers and acquisitions (M&A), private equity, and venture financing) were announced in the Travel and Tourism sector during January to October 2024. This marked a year-over-year (YoY) decline of 10.4% compared to the 651 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics […]
Global deal activity down by 10.2% YoY during January-October 2024, finds GlobalData
A total of 41,452 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced globally during January to October 2024, which represents a 10.2% year-on-year (YoY) decline compared to the 46,166 deals announced during the same period in previous year, according to GlobalData, a leading data and analytics company. An analysis of […]
Multifunctional cosmetics with cross category ingredients gain popularity in APAC, says GlobalData
Consumers in the Asia-Pacific (APAC) region are seeking good value for money cosmetics with added benefits or functionalities, owing to growing hectic and fast-paced lifestyles. Products with flexible formulations that cut down their daily cosmetic routine by handling multiple concerns in a single product are being favored by consumers. As a result, multifunctional cosmetics with […]
Piracy threatens sports industry revenue growth, with illegal streaming costing leagues millions annually, reveals GlobalData
The sports industry is projected to surpass $680 billion in revenue by 2028; however, this figure could be even higher if not for the impact of piracy. Driven by rising cable costs and easy internet access, illegal streaming is causing significant revenue losses, especially for leagues like the English Premier League, prompting stakeholders to seek […]
UCB and Biogen’s dapirolizumab pegol paves new path for systemic lupus erythematosus treatment, says GlobalData
UCB and Biogen’s Phase III PHOENYCS GO trial results signal a pivotal development for systemic lupus erythematosus (SLE) treatment, as dapirolizumab pegol met its primary endpoint and demonstrated enhanced disease control and safety at Week 48. With a novel CD40L-targeting mechanism and favorable efficacy outcomes, this therapy has the potential to challenge established SLE treatments […]
US transcatheter tricuspid valve repair market grows by 56% QoQ since launch in Q2 2024, reveals GlobalData
Tricuspid valve repair has recently emerged as a new, rapidly growing area. Transcatheter tricuspid valve repair (TTVR) is a minimally invasive surgery that treats a damaged tricuspid valve, and it offers an alternative to open-heart surgery. Following its launch in Q2 2024, the TTVR market has witnessed a significant growth of 56% in the US […]
CAR T cell therapies to pave way for drug-free remission in lupus care, says GlobalData
Bristol Myers Squibb and Cabaletta Bio are set to present promising Phase I data on CD19-directed CAR T therapies for severe, refractory lupus at the American College of Rheumatology 2024. BMS’s CC-97540 and Cabaletta Bio’s CABA-201 showed significant efficacy, offering new hope for severe, refractory lupus and other challenging autoimmune diseases. Both studies highlight CAR […]
Social media reshapes Southeast Asia skincare industry landscape, says GlobalData
Social media is revolutionizing the Southeast Asian skincare industry by influencing consumer behavior, driving brand innovation, and shaping market dynamics. The proliferation of digital platforms has empowered consumers with information and choice, while brands leverage these channels for marketing, engagement, and product development. Social media platforms such as Instagram, TikTok, and YouTube have become pivotal […]
Canada viscosupplementation market set to grow at over 7.5% CAGR through 2033, forecasts GlobalData
Osteoarthritis (OA) prevalence is on the rise in Canada, driven significantly by an aging population and increasing obesity rates. In response, viscosupplementation—injecting hyaluronic acid directly into the joints—has become a minimally invasive option to manage OA pain and potentially postpone more intensive interventions, like knee replacement surgery. Consequently, the Canada viscosupplementation market is set to […]
Chinese dairy producers shift focus to adult nutrition as infant formula market set to shrink, says GlobalData
The combination of falling birth rates and intense competition has prompted several dairy producers in China to concentrate more on adult nutrition rather than infant nutrition. This strategic realignment is a response to the shrinking market for infant products, as fewer births translate to a smaller customer base for infant formula and related products. By […]
APAC automotive aftermarket wear and tear market to expand at 3.7% CAGR over 2023-28, forecasts GlobalData
Being the most populated region globally with the largest number of on-road car volumes, Asia-Pacific (APAC) has an established aftermarket wear and tear market. In addition, a variety of demographics, changing consumer preferences, technological adaptability, and varying regulations have provided the aftermarket wear and tear market a dynamic growth opportunity. Against this backdrop, the APAC […]
GHOST acquisition highlights growing prominence of disruptive brand addition for success in drinks market, says GlobalData
Keurig Dr Pepper has recently announced the acquisition of GHOST Lifestyle, a fast-growing drink brand. In recent years, GHOST has experienced significant growth with its unique identity, flavors, and packaging appealing to consumers. The acquisition will enhance Keurig Dr Pepper’s presence in the energy drink and sports drink categories and expand its reach to new […]
Next-generation spirits innovation to be shaped by premiumization, convenience, generational shifts, and AI, says new GlobalData study
Spirits consumers are increasingly adopting a “drink less but drink better” outlook, as they seek products that offer superior craftsmanship, unique flavors, and premium ingredients. Premiumization, convenience, a generational shift in consumer preferences, and the influence of AI are profoundly shaping the direction of new product development and marketing strategies in the spirits industry, leading […]
E-7 Airborne Early Warning & Control aircraft strengthens Republic of Korea Air Force capabilities, says GlobalData
The US State Department has recently approved a foreign military sale of four E-7 Airborne Early Warning & Control (AEW&C) aircraft to South Korea for an estimated $4.92 billion. The move is expected to enhance the Republic of Korea Air Force’s (ROKAF) airspace surveillance and defense capabilities amid the evolving regional threats. The addition of […]
Parkinson’s disease clinical research in 7MM focuses on disease-modifying agents, says GlobalData
Parkinson’s disease (PD) therapeutic landscape is heavily genericized, leaving substantial unmet needs in neuroprotective and disease-modifying therapies (DMTs). With current treatments largely focused on motor symptoms, the pipeline across the seven major markets (7MM*) highlights a growing emphasis on DMTs and non-motor symptom therapies, signaling a commitment to advancing PD treatments that address the full […]