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In the Asia-Pacific (APAC) region, beauty trends are constantly evolving with changing consumer needs and the advent of technology in beauty care. There is a consumer shift towards a more focused and holistic approach that combines beauty and wellness through broader concepts of skin health, gut health, conscious living, and mental health. Concurrently, the concept […]
Global travel and tourism sector deal activity fell by 12.6% YoY during January-August 2024, finds GlobalData
A total of 456 deals (mergers and acquisitions (M&A), private equity and venture financing) were announced in travel and tourism sector for the period of January to August 2024, which was a year-on-year (YoY) decline of 12.6% in deal volume, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database […]
Mohsin Issa’s decision to retreat from ASDA’s helm a step in the right direction for the struggling grocer, says GlobalData
Following the news that ASDA co-owner Mohsin Issa will step back from his executive leadership role, and that Lord Stuart Rose will assume Mohsin’s executive responsibilities alongside Rob Hattrell, a Director on the ASDA board with experience at eBay Europe as Senior Vice President: Eleanor Simpson-Gould, Senior Retail Analyst at GlobalData, offers her view: “The […]
Taiwan general insurance industry to surpass $12 billion in 2028, forecasts GlobalData
The Taiwanese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.8% from TWD279.8 billion ($9.0 billion) in 2024 to TWD364.2 billion ($12.2 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Taiwan general […]
Global deal activity down by 15% YoY during January-August 2024, reveals GlobalData
A total of 32,050 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January-August 2024. This represents a 15% year-on-year (YoY) decline in deal volume compared to the 37,724 deals announced during the first eight months of 2023, according to GlobalData, a leading data and analytics company. An analysis of […]
Agentic AI set to transform industries by automating complex tasks and democratizing data access, says GlobalData
Artificial Intelligence (AI) is advancing at an unprecedented rate, bringing us closer to highly adaptive, autonomous systems like Agentic AI, which promise to revolutionize industries. Startups are leading the charge, driving innovations such as explainable AI, reinforcement learning, self-learning algorithms, and AI-powered decision-making platforms. These breakthroughs, including Agentic AI, are addressing critical challenges in scalability, […]
McGrath Mac recall to hurt Medtronic’s laryngoscope sales, says GlobalData
The FDA has recently designated the recall of Medtronic’s McGrath Mac portable video laryngoscopes as Class I, as the devices can cause serious harm or death to patients with a possible explosion of the batteries. The move is likely to hurt sales of Medtronic in the laryngoscope market, which was worth $310.6 million in 2023 […]
Atopic Dermatitis: A hotspot for innovation and investment opportunities, says GlobalData
Atopic dermatitis (AD) is emerging as a dynamic field ripe with innovation and investment opportunities. With the market projected to reach $16.7 billion by 2030 across the seven major markets (7MM*), driven by rising prevalence and advancements in treatment, pharmaceutical companies are increasingly focusing on novel therapies. This sector promises substantial growth as new treatments […]
Fusion foods catch consumer fancy in Asia, says GlobalData
Fusion cuisine is gaining traction in Asia as consumers become more experimental with their food choices. Casual dining establishments, in particular, are embracing fusion cuisine, moving away from traditional set menus to attract a broader clientele by offering unique flavor combinations and presentations that appeal to modern diners. The trend is catching consumers’ fancy across […]
Lunit and Roche collaboration to improve PD-L1 immunotherapy treatment rates, says GlobalData
Lunit and Roche have recently partnered to integrate Lunit’s SCOPE PD-L1 AI diagnosis tool with Roche’s Digital Pathology platform. The partnership aims to assist in the measure of PD-L1 tumor proportion score (TPS) in cancer patients, which can then be used to determine if the patient is a candidate for immunotherapy medications. The new tool […]
Robotics industry will be worth $218 billion in 2030, forecasts GlobalData
Robots have been around for many years, primarily in industrial settings. However, the recent technological breakthroughs are set to unleash their full potential. Against this backdrop, the robotics industry is projected to grow at a compound annual growth rate (CAGR) of 14% from $76 billion in 2023 to $218 billion in 2030, forecasts GlobalData, a […]
Premier League sponsorship revenue reaches $1.68 billion for 2024-25 season, reveals GlobalData
With big increases in sponsorship from areas such as the clothing & accessories and gambling industries, the combined value of the sponsorship rights across the 20 English Premier League clubs for the 2024-25 season has increased by 12.4% to $1.68 billion from under $1.5 billion in the previous season, according to GlobalData, a leading data […]
Japan defense budget witnesses 19.3% CAGR during 2020-2024, reveals GlobalData
Despite the current economic downturn fueled by devaluating Yen, Japan’s ministry of defense requested a 17.2% increase in its 2024 defense budget, a significant portion of which is expected to be allocated for the procurement of various defense platforms, including submarines, surface vessels, and multi-role aircraft. Japan’s need to modernize its current inventory to counter […]
Alternative payment methods surge in popularity for online purchases in Philippines, reveals GlobalData
While cash remains the preferred payment method for online purchases in the Philippines, alternative payments are increasingly being preferred. Alternative payment solutions collectively accounted for over one-third share in the overall e-commerce payments in 2023, reveals GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Financial Services Consumer Survey*, 88.2% Filipino consumers reported […]
APAC embraces real estate tokenization for more inclusive participation, reveals GlobalData
Asia-Pacific (APAC) is experiencing a surge in tokenization projects, particularly in the real estate sector, bringing a significant change in the market. By leveraging blockchain technology to tokenize properties, companies are streamlining the buying and selling process and expanding investment opportunities. This innovative approach is breaking down traditional barriers and making real estate investment more […]
Retrieval-augmented generation gaining prominence in company discussions around GenAI, finds GlobalData
Retrieval-augmented generation (RAG) is becoming a critical focus in company discussions about generative AI (GenAI), as organizations look to leverage real-time external data to contextualize and refine the accuracy of generated responses. Companies are focused on utilizing this technology to enhance user experience that allows customers to integrate the real-time proprietary data sources with general-purpose […]
Radiopharmaceuticals for prostate cancer to go nuclear with $6.3 billion in sales by 2030, forecasts GlobalData
Radioligand therapies (RLTs) have received prominent attention from major pharmaceutical companies in treating prostate cancer. Bayer’s Xofigo (radium-223 dichloride) demonstrated the proof-of-concept with its FDA approval for castration-resistant prostate cancer (CRPC). Interest in RLTs has since peaked, with Novartis acquiring developer Advanced Accelerator Applications and the highly effective Pluvicto (lutetium [177Lu] vipivotide tetraxetan), targeting prostate-specific […]
Soccer dominates both annual sponsorship spend and deal volume of apparel sector in 2024, reveals GlobalData
Given the popularity of soccer globally, it is unsurprising how dominant the sport is within the apparel sector. With 871 deals, soccer accounts for over 40% of the total deal volume across the apparel sector. Soccer’s largest deal in terms of annual value is Spanish soccer club’s Barcelona partnership with Nike. Additionally, apparel brands have […]
China to spearhead global ABS capacity additions through 2028, says GlobalData
China is likely to witness most of the acrylonitrile butadiene styrene (ABS) capacity additions globally by 2028, contributing about 95% of the total capacity additions from 13 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile Butadiene Styrene (ABS) Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of […]
Health-conscious consumerism drives industry support for new alcohol labeling in Australia and New Zealand, says GlobalData
In a significant development for the alcohol industry, the Food Standards Australia New Zealand (FSANZ) is making progress towards introducing new labeling standards for alcoholic beverages in Australia and New Zealand by gaining industry support for the proposals. The support comes in the wake of growing health-conscious consumerism, as 71% of consumers in Australia say […]