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Following the news that the US-based buy now pay later (BNPL) startup Affirm has entered the UK market; Phoebe Hodgson, Associate Analyst, Banking and Payments at GlobalData, offers her view: “The BNPL market in the UK is becoming increasingly saturated. According to GlobalData’s 2024 Financial Services Consumer Survey*, only 21% of respondents in the UK […]
Digital health industry faces both opportunities and challenges, says GlobalData
Digital health has been evolving rapidly in recent years, with many medical technology companies realizing that the benefits of connected patient care and remote patient monitoring are of great value to both patients and physicians. Digital health could allow patients greater access to their own health information and could offer physicians more information to make […]
Indonesia’s proposed nutrient labeling system holds potential to transform domestic F&B industry, says GlobalData
Indonesia is set to introduce a nutrition grading system akin to Singapore’s Nutri-Grade to deliver more detailed information to consumers concerning the nutritional values present in food and drink products. A survey corroborates this trend, where 84% of Indonesian respondents stated that their product purchasing decisions are either extremely or quite influenced by the ability […]
US accounts for over half of high-value VC deals announced globally during Q1-Q3 2024, reveals GlobalData
The US continues to remain the top destination for venture capital (VC) investments globally. Moreover, it also outpaced peer countries by a significant margin for high-value* VC investments and accounted for more than half of deal volume as well as value of those investments during Q1-Q3 2024. The US accounted for 55.4% share of the […]
FDA’s final rule on LDTs raises concerns about innovation in personalized medicine, says GlobalData
With the FDA’s final rule on laboratory developed tests’ (LDT) first stage coming closer, clinical laboratories, manufacturers, and patients have voiced their concern over how this will impact the diagnostic industry in the US. The final rule, which is scheduled for 6 May 2025, raises concerns about innovation in personalized medicine, as it imposes new […]
Roche will aim to tackle gene therapy challenges through Dyno Therapeutics collaboration, says GlobalData
Dyno Therapeutics has recently announced the formation of a new strategic partnership with Roche to develop adeno-associated virus (AAV) gene therapy vectors to target neurological diseases. The partnership will see the utilization of artificial intelligence (AI), which is a key industry trend in the development of gene therapies in neurological disorders and could improve the […]
Diagnosed prevalent cases of primary open angle glaucoma to reach 10 million in 7MM by 2033, forecasts GlobalData
The burden of diagnosed prevalent cases of primary open angle glaucoma (POAG) (including normal tension glaucoma (NTG)) is forecast to increase at an annual growth rate (AGR) of 1% from around 9.1 million cases in 2023 to 10 million cases in 2033 in the seven major markets (7MM*), according to GlobalData, a leading data and […]
Supply chain resilience drives 18% YoY growth in global M&A deal activity in Q3 2024, reveals GlobalData
Despite high interest rates and modest economic growth, global mergers, and acquisition (M&A) deal activity surged during the third quarter (Q3) of 2024, with an 18% increase in total deal value year-over-year (YoY). Supply chain resilience drove this momentum, with $71 billion in supply chain-related transactions across 38 deals, spotlighting sectors like automotive, healthcare, and […]
Diabetes Awareness Month shines light on prevention and treatment options, says GlobalData
Diabetes Awareness Month, observed every November, is dedicated to raising awareness about diabetes, promoting education, and advocating for improved care and support for those affected by the condition. This month-long campaign seeks to improve public understanding of diabetes, address common misconceptions, and reduce the stigma often associated with the condition. It also provides a platform […]
Future of IVD hinges on three big industry themes, says GlobalData
In vitro diagnostics (IVD) is driving a new age shift in healthcare, fueled by advances in medical technology (medtech). These innovations are revolutionizing how diseases are detected, monitored, and managed. At the recent AdvaMed’s MedTech Conference in Toronto, digital and artificial intelligence (AI) integration, point-of-care (POC) testing, and novel biomarkers were emphasized as important tools […]
Tech startups well placed to proliferate in Africa as digitalization enables growth in greenfield projects, says GlobalData
With digitalization as a key enabler of organic growth in greenfield projects in Africa, technology startups are well placed to capitalize on the desire of larger and established corporations wanting to move into various enterprise technologies in the region, according to research conducted by GlobalData, a leading data and analytics company. Recent tie ups – […]
Bladder cancer diagnosed incident cases across 8MM to reach 0.34 million in 2033, forecasts GlobalData
The diagnosed incident cases of bladder cancer in the eight major markets (8MM*) are set to register an annual growth rate (AGR) of 2.24% from 0.28 million in 2023 to 0.34 million in 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Bladder Cancer – Epidemiology Forecast to 2033,” reveals that the […]
France defense expenditure to reach $67.8 billion in 2029, forecasts GlobalData
In July 2023, France outlined its defense spending plans for the next six years in the Military Planning Law (LPM) 2024-30, expanding the modernization initiatives kickstarted by LPM 2019-25 to reflect evolving geostrategic dynamics and better incorporate emerging technologies, including unmanned and space-based assets. Against this backdrop, France is expected to increase defense spending from […]
Egypt marks major achievement with malaria-free certification, but need for global R&D remains significant, says GlobalData
The World Health Organization (WHO) has certified Egypt as being malaria-free, following a near 100-year endeavour by the Egyptian government. Egypt is the third country to be declared malaria-free in the WHO Eastern Mediterranean Region, and the 44th country globally. However, hundreds of millions of cases of malaria are still reported worldwide each year. These […]
China’s medtech market growth to exceed global average over 2023-33 despite headwinds, says GlobalData
Prominent medical technology market experts who gathered at the MedTech Conference 2024, which was held recently in Toronto, Canada, expressed an optimistic outlook for the future of the medical devices market in China. While the global medical devices market is forecast to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to […]
Asthma crisis in US marginalized communities from redlining requires more than just healthcare interventions, says GlobalData
Decades after the discriminatory practice of redlining was banned in the US, its lasting impact is still driving significant health disparities, particularly in asthma prevalence, according to recent studies. These findings highlight how the combination of poor housing conditions and environmental pollutants in historically redlined neighborhoods continues to fuel the asthma crisis, particularly among children. […]
Top 20 global biopharmaceutical companies witness 2% growth in market capitalization in Q3 2024, reveals GlobalData
The biopharmaceutical industry demonstrated signs of recovery in the third quarter (Q3) of 2024, with increased investor optimism following the interest rate cuts by the US Federal Reserve in September 2024. As a result, the top 20 global biopharmaceutical companies reported an upturn of 2% in aggregate market capitalization from $4.2 trillion as on 30 […]
World Osteoporosis Day highlights need for comprehensive care strategies, says GlobalData
Marking World Osteoporosis Day on 20 October, the International Osteoporosis Foundation (IOF) brought worldwide attention to a crucial issue: the urgent need for robust osteoporosis screening and sustained care strategies to prevent fragility fractures. Under the theme “Say No to Fragile Bones,” it highlighted the gaps in diagnosis and treatment, stressing the importance of proactive […]
APAC automotive seating market to record 2.4% CAGR over 2024–29, forecasts GlobalData
Automotive manufacturers are increasingly exploring different seat cushion materials that offer enhanced durability and user comfort. Furthermore, with the rise of electric vehicles (EVs), autonomous driving technology, and the increasing demand for customization and luxury features, automotive seating has become a hotbed for innovation and technological advancements. Asia, being the automotive hub globally, has been […]
Global economies can save $3.13 trillion annually using AI to detect and prevent money laundering and terrorist financing, finds inaugural Napier AI / AML Index report
Napier AI / AML Index provides insights into 35 countries, highlighting which are stronger and weaker when it comes to stopping money flowing into the shadow economy Money laundering cost the global economy $5.2 trillion in 2023 alone Italy, the Czech Republic and Finland rank at the top, respectively, in terms of countries with the […]