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Consumer demand for novelty and customization compels brands to explore new product segments in India, finds GlobalData

Novelty and experimentation trends have changed the consumption patterns of consumers. Consequently, brands are continuously innovating in line with the growing personalization trend to maintain consumer interest while gaining a competitive edge over the rivals in India. New market disruption will help the brands tap into emerging markets and enhance their relevance, says GlobalData, a leading […]
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APAC EV infrastructure market to expand at 13.5% CAGR over 2024-29, forecasts GlobalData

Governments worldwide currently face the challenge of creating the strong infrastructure required to accelerate the shift toward electric vehicles (EVs). The Asia-Pacific (APAC) region is experiencing significant growth in this area, with China leading as a major EV market and boasting an extensive infrastructure. Government agencies and private entities in other nations in the region, […]
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Sustainability drives green cosmetics demand in Asia-Pacific, reveals GlobalData

Growing environmental concerns are pushing consumers to embrace sustainable and eco-friendly cosmetics in the Asia-Pacific (APAC) region. Consumers believe that synthetic ingredients will not only damage their skin but also pollute ecosystems. In response, manufacturers are using clean and natural ingredients to align with consumer preferences. As a result, the green cosmetics trend is gaining […]
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S1P receptor modulators face uncertain future in Crohn’s disease amid efficacy and trial setbacks, says GlobalData

Pfizer’s upcoming presentation at United European Gastroenterology Week (UEGW) 2024 will reveal the initial findings from its CULTIVATE study of its sphingosine-1-phosphate (S1P) receptor modulator Velsipity (etrasimod) in Crohn’s disease (CD), showing modest efficacy in endoscopic response and remission rates. With its in-class competitor ozanimod also underperforming in trials, the outlook for S1P receptor modulators […]
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Humanoid robots have arrived and are ready to start work, says GlobalData

The advent of OpenAI’s ChatGPT in 2022 revolutionized humanoid robotics, allowing for task execution without explicit programming. As developed nations grapple with labor shortages from aging populations and declining birth rates, the demand for automation grows. Humanoid robots are emerging as vital solutions, particularly in eldercare, yet their successful integration hinges on societal acceptance and […]
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Luxury beauty brands refocus on brick-and-mortar retail in Southeast Asia, says GlobalData

Despite the phenomenal growth of ecommerce during and after the COVID-19 pandemic, the premium beauty sector in Southeast Asia is experiencing notable growth within physical retail environments, through collaboration with omnichannel brand-builders. Companies can adapt to this trend and position beauty as a significant driver of revenue in their retail strategy, says GlobalData, a leading data […]
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Epigenetic drugs witness 375% growth in series A venture financing in 2024YTD, reveals GlobalData

Advances in gene editing, such as the FDA approval of Vertex Pharmaceuticals’ Casgevy (exagamglogene autotemcel) in December 2023 for the treatment of beta thalassemia and sickle cell disease, have fueled significant interest in innovative epigenetic drugs. Against this backdrop, the total value of series A venture financing for epigenetic drugs almost doubled from $172 million […]
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Rising demand for data centers prompts innovative cooling solutions, reveals GlobalData

The rapid growth of artificial intelligence (AI) has significantly increased the demand for data processing capabilities and capacity, leading to the expansion of data centers globally. As these facilities operate continuously, their energy-intensive equipment are raising concerns about sustainability. New cooling technologies and innovative approaches are emerging to address the environmental challenges posed by these […]
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APAC automotive glazing market to expand at 1.4% CAGR over 2024-29, forecasts GlobalData

As the automotive industry progresses with technological advancements, enhancing vehicle performance and efficiency, customers increasingly demand superior driving comfort. This shift has heightened the importance of the automotive glazing segment, especially in the Asia-Pacific (APAC) region, where hot summer climates and dense traffic conditions are common. Moreover, the critical nature of road safety, particularly during […]
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