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Alternative payment solutions are the preferred payment method for e-commerce purchases in Hong Kong (China SAR), collectively accounting for 41.7% share in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that e-commerce market in Hong Kong grew by 10.5% in 2023 to reach HKD160.3 billion ($20.5 billion), as increasing number […]
AI and cybersecurity take center stage in Q2 2024 company filings, reveals GlobalData
Technology, travel and tourism, and insurance business sentiment improves Packaging and retail hit by shifting preferences and rising costs Israel, Indonesia, the UK, and the US witness sentiment growth Global business sentiment witnessed a marginal improvement of 0.2% year-over-year (YoY) during the second quarter (Q2) of 2024. While technology, travel and tourism, and insurance sectors […]
GlobalData highlights rapid expansion and innovation in digital health technologies for sleep apnea
Inspire Medical Systems recently secured FDA approval for its Inspire V therapy system, a therapy system for obstructive sleep apnea treatment. This achievement highlights the increasing integration of advanced technology in the management of neurological disorders, fitting into the broader industry shift towards precision medicine, as reflected in the FDA’s recent push for innovative solutions […]
Top 50 APAC listed firms report 0.8% revenue dip amid oil and gas struggles, China’s slow recovery, reveals GlobalData
China dominates the list with 26 companies BYD, Dai-ichi Life Holdings, and Toyota Motor gain over 20% in revenue Financial services sector tops the list with 13 companies The top 50 listed companies in the Asia-Pacific (APAC) region faced a slight 0.8% year-on-year (YoY) dip in aggregate revenue, totaling $6.9 trillion, in 2023. The downturn […]
rVSV-ZEBOV vaccine first real-world data support prophylactic use for future Ebola outbreaks, says GlobalData
The rVSV-ZEBOV vaccine has demonstrated real-world effectiveness of approximately 84% against Ebola virus disease, revealed a recent study carried out by researchers in Europe and the Democratic Republic of the Congo (DRC). This retrospective, test-negative study, which analyzed 618 individuals during the 2018-2020 Ebola virus epidemic in the DRC, supports the prophylactic use of rVSV-ZEBOV […]
Rising ADHD diagnoses in 7MM linked to standardized screening tools and guidelines, says GlobalData
The increase in attention-deficit/hyperactivity disorder (ADHD) diagnoses across the seven major markets (7MM*) is closely tied to the adoption of standardized screening tools and updated clinical guidelines. These developments, particularly in the US, have led to more accurate identification of ADHD cases, especially among adults, helping to address the disorder’s significant socioeconomic and mental health […]
China startups secure VC funding worth $21.8 billion during January-July 2024, reveals GlobalData
A total of 1,571 venture capital (VC) deals with disclosed funding value worth $21.8 billion were announced in China during January-July 2024. This represents year-on-year (YoY) decline of 17.5% in VC deal volume and 4.7% in terms of funding value when compared to the same period in the previous year, according to GlobalData, a leading […]
China pharma firms eye stronghold in therapeutic cancer vaccines market, says GlobalData
Cancer vaccines represent a burgeoning field in oncology, with the potential to revolutionize cancer treatment. Earlier, approved cancer vaccines were prophylactic against cancer-causing viruses. However, recent advancements have shifted towards developing therapeutic cancer vaccines, which focus on identifying tumor-specific antigens to create innovative cancer immunotherapies. In this context, Chinese companies are actively positioning themselves to […]
Minimally invasive technology to drive spinal surgery market growth in US, says GlobalData
Technological advancements from both major industry leaders and innovative smaller companies are changing the landscape of spinal surgery in the US. The demand for spinal procedures continues to grow, driven by an aging population and increasing rates of spinal conditions. The market is seeing the development of advanced surgical systems and minimally invasive techniques, which […]
APAC deal activity down by 9.9% YoY during January-July 2024, finds GlobalData
A total of 7,966 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January-July 2024, which was a decline of 9.9% compared to the 8,840 deals announced during the same period in previous year, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, […]
APAC automotive hybrid EV powertrains market to expand at 5.9% CAGR over 2024-29, forecasts GlobalData
As consumers grow more environmentally conscious, they are recognizing hybrid vehicles as a practical and affordable alternative to internal combustion engine (ICE) cars and battery electric vehicles (BEVs). The Asia-Pacific (APAC) region, with China, Japan, and India at the forefront, leads the global market in the adoption of hybrid vehicles. Governmental efforts to promote zero-emission […]
Ransomware surge in 2024 demands coordinated global response, says GlobalData
Amid intensifying geopolitical tensions, ransomware attacks in 2024 are set to reach record levels, escalating the risks faced by companies worldwide. There is a shift toward more sophisticated extortion tactics, emphasizing the urgent need for coordinated global action and robust incident response strategies as organizations confront increasingly aggressive and persistent cyber threats, says GlobalData, a […]
US maintains robust lead over peers with 2.4% YoY growth in VC funding during January-July 2024, reveals GlobalData
The total venture capital (VC) funding raised by the US-based startups improved by 2.4% year-on-year (YoY) during January-July 2024 despite a 41% decline in VC deal volume. The country continues to lead the global VC landscape with a significant gap over its peers, leading both in deal count and funding value, driven by a surge […]
US respiratory test market faces uncertainty as flu season approaches amid shift to complex assays, finds GlobalData
The US respiratory test market remains volatile post-COVID-19 pandemic, with fluctuating demand influenced by seasonal factors and evolving testing preferences. As flu season approaches, the market faces uncertainty, particularly due to the shift toward more complex and higher-priced testing assays. This transition could lead to significant variations in sales volumes and revenue, highlighting the market’s […]
Disruptive technologies set to revolutionize consumer goods value chain by 2035, reveals GlobalData
Disruptive technologies are set to revolutionize the consumer goods value chain from automated farms to robot-run shops over the next 10 years. As precision agriculture, plant-based proteins, and AI-driven retail evolve, industries will undergo profound transformations. These innovations, driven by the need for efficiency and sustainability, promise to reshape how we produce, consume, and interact […]
Mpox sparks surge in influencer discussions on X following WHO global health emergency declaration, reveals GlobalData
The re-emergence of monkeypox (mpox) has ignited critical discussions among the global health experts on social media platform X in the second week of August 2024, following the World Health Organization’s (WHO) classification of mpox as Public Health Emergency of International Concern. As the clade I variant, widespread in Africa, poses significant risks including severe […]
Global travel and tourism sector deal activity down by 10.4% YoY during January-July 2024, finds GlobalData
A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector during January to July 2024, which was a year-on-year (YoY) decline of 10.4% compared to the 463 deals announced during the same period in 2023, according to GlobalData, a leading data […]
Global deal activity down by 16.1% YoY during January-July 2024, finds GlobalData
A total of 28,277 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to July 2024. This represents a 16.1% year-on-year (YoY) decline in deal volume compared to the announcement of 33,686 deals during the same period in the previous year, according to GlobalData, a leading data […]
GlobalData highlights market potential of smartwatches with sleep apnea technology
There are only a few weeks before the release of the Apple Watch Series 10, or Apple Watch X. A few rumors have indicated that the new watch will include features such as monitoring and alerting for signs of sleep apnea. As such, questions have arisen about whether the new smartwatch will start to take […]
Dunelm set to consolidate gains in the UK homewares market in 2024, says GlobalData
Dunelm is set to continue making gains in the UK homewares market in 2024 as some consumers pivot away from retailers which are solely focused on price. Dunelm excelled throughout the cost-of-living crisis due to its wide price architecture that attracts a wide range of shoppers and allows them to trade up or down, and […]