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Gastrointestinal (GI) cancers, especially in the stomach, colon, and oesophagus, are a major health challenge, impacting millions globally with severe symptoms like abdominal pain, weight loss, and bleeding. Endoscopes play a critical role in the early diagnosis and treatment of these cancers. As Australia is advancing in adopting innovative diagnostic tools, the gastroscopes market is […]
Global risk steady in Q3 2024 but down from early 2024, reports GlobalData
Geopolitical uncertainties continue to challenge the global economic prospects, with the ongoing conflicts disrupting supply chains and affecting vulnerable economies. While declining inflation and policy rate cuts are boosting sentiment, the global risk level in Q3 2024 remained stable at 55.6 out of 100, compared to the previous quarter, though it has decreased from levels […]
Diagnosed prevalent cases of Parkinson’s disease to reach 3.15 million in 7MM by 2033, forecasts GlobalData
The diagnosed prevalent cases of Parkinson’s disease (PD) in the seven major markets (7MM*) are projected to increase from 2.64 million in 2023 to 3.15 million in 2033, with an annual growth rate (AGR) of 1.94%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Parkinson’s Disease Epidemiology Analysis and Forecast to […]
Diagnosed prevalent cases of type 1 diabetes across 7MM set to reach 3.166 million in 2033, says GlobalData
The burden of diagnosed prevalent cases of type 1 diabetes (T1D) is expected to increase at an annual growth rate (AGR) of 0.50% from around 3.01 million in 2023 to 3.166 million in 2033 across the seven major markets (7MM*), forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Type 1 Diabetes: Epidemiology […]
New Zealand credit and charge card payments market to reach nearly $40 billion in 2028, forecasts GlobalData
The New Zealand credit and charge card payments market is forecast to register a compound annual growth rate (CAGR) of 4.4% between 2024 and 2028 to reach NZD64.5 billion ($39.6 billion) in 2028, supported by the constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics […]
Fiber lines to drive fixed broadband services market in Asia-Pacific through 2029, forecasts GlobalData
The total fixed broadband service revenue in Asia-Pacific (APAC) is expected to increase at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2029 from $334.5 billion in 2024 to $340.5 billion in 2029. This growth will be primarily driven by the expansion of fiber-optic networks, with fiber broadband set to account for […]
India to spend $415.9 billion on defense between 2025 and 2029, forecasts GlobalData
India is poised to further expand its defense budget over the next decade to sustain readiness for a potential two-front conflict with regional adversaries China and Pakistan, while enhancing its regional and global stature. Total defense spending, inclusive of pensions, is projected to reach $415.9 billion from 2025 to 2029, marking a compound annual growth […]
Crypto hiring sentiment expected to stay strong following Donald Trump’s re-election, says GlobalData
Crypto hiring sentiments are expected to remain high, driven by the recent US election outcome. With Donald Trump returning to office, market optimism for a pro-crypto regulatory environment has been reignited. His stance is anticipated to provide regulatory clarity and foster industry growth, leading to an increase in hiring activity, particularly in compliance and regulatory […]
Heightened health concerns to spur demand for functional beverages in Malaysia, says GlobalData
With the increased focus on health and wellness among Malaysian consumers, functional beverages have gained traction in the country. They are considered the essential solutions for health-conscious consumers who are in search of products that aid their physical and mental wellbeing. Functional beverages that often contain vitamins and probiotics offer improved digestion, enhanced energy, and […]
Insurance industry embraces data analytics to improve risk management, says GlobalData
The insurance industry is embracing technological advancements to enhance risk assessment, fraud detection, and customer insights. Insurance data analytics plays an essential role in improving decision-making and optimizing risk management, leveraging predictive modeling and machine learning to support more personalized services and regulatory compliance. The growing patent activity further highlights the industry’s shift towards innovative […]
LIC’s entry into health insurance could significantly boost company’s market share, says GlobalData
State-owned company Life Insurance Corporation of India (LIC) is expected to enter the health insurance industry in 2025 by acquiring a stake in a standalone health insurance entity. By capitalizing on its existing customer base, the company’s expansion into the health insurance domain could significantly boost its market share in the insurance sector in the […]
Food waste crisis accelerates sustainable practices across APAC food and beverage industry, says GlobalData
The escalating food waste crisis in the Asia-Pacific region presents a significant challenge that demands urgent attention from stakeholders across the supply chain. To combat this, foodservice operators are increasingly adopting recycling as a cornerstone of sustainable practices. Sustainability initiatives in the food and beverage industry include ethical sourcing, food waste reduction, and implementing composting […]
Singapore’s e-commerce market to surpass $24 billion in 2028, forecasts GlobalData
The Singapore e-commerce market is growing at a fast pace and is expected to register a strong compound annual growth rate (CAGR) of 8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028, forecasts GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Singapore e-commerce market has been on […]
Paratek Phase IIb results highlight omadacycline’s potential to address unmet needs in NTM treatment, says GlobalData
Paratek Pharmaceuticals has released positive topline data from a Phase IIb trial evaluating its oral antibiotic omadacycline in adult patients with nontuberculous mycobacterial (NTM) pulmonary disease. This first-ever, randomized, placebo-controlled trial among the Mycobacterium abscessus complex (MABc) patients, highlights omadacycline’s potential to fulfill a critical unmet need within the NTM market, says GlobalData, a leading […]
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 […]
Lack of skills and talent still top hinderance for digital transformation in pharma, says GlobalData
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 […]
US to spearhead global ammonia capacity additions through 2030, says GlobalData
The US is set to drive the global ammonia capacity additions, occupying a share of 37% by 2030, as both demand and supply of ammonia are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Ammonia Market Trends, Capacity Additions by Region and Countries, Key Projects […]
APAC deal volume dips 4.8% YoY in January-October 2024, reveals GlobalData
A total of 11,808 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to October 2024, which was a year-on-year (YoY) decline of 4.8% compared to the 12,406 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics […]
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 […]
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 […]