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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 […]
Japan general insurance industry to reach $93.9 billion by 2028, forecasts GlobalData
The Japanese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 2.2% from JPY11.7 trillion ($81.1 billion) in 2024 to JPY12.7 trillion ($93.9 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 Japan general […]
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 […]
South Africa general insurance industry to surpass $11 billion in 2028, forecasts GlobalData
The South African general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.8% from ZAR181.5 billion ($9.8 billion) in 2024 to ZAR227.6 billion ($11.2 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 South […]
Philippines life insurance industry to surpass $7 billion by 2028, forecasts GlobalData
The Philippine life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 5.4% from PHP319.8 billion ($5.8 billion) in 2024 to PHP395 billion ($7.1 billion) in 2028, in terms of net written premiums (NWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the life […]
Barclays leads Wimbledon sponsorship surge as prize money and media value hit new highs, reveals GlobalData
The 2024 Wimbledon Championships saw record-breaking sponsorship and prize money, reflecting the event’s growing financial clout. Barclays’ significant $118.65 million deal highlighted the tournament’s evolving commercial landscape, while British Broadcasting Corp’s (BBC) media coverage underscored shifting viewer dynamics. Despite lower viewership due to competition with the UEFA final, Wimbledon’s commitment to equal prize money continues […]
Nuclear fusion startups usher in next era of sustainable energy innovation, says GlobalData
Nuclear fusion technology is rapidly advancing, bringing us closer to a sustainable, limitless energy source. Startups are pioneering innovations like cold fusion, superconducting magnets, laser-ignited capsules, and projectile fusion, addressing the critical challenges of sustained reactions and scalable reactor designs. These breakthroughs mark a transformative moment in energy research, potentially revolutionizing global power generation and […]
Telcos should adopt pragmatic approach to verticalizing B2B sales by leveraging core horizontal strengths, says GlobalData
Most telecom companies operating in the enterprise market often alternate between verticalized and horizontal sales strategies. While verticalization aims to deepen sector-specific partnerships and boost B2B sales, it often leads to unrealistic expectations and strategic recalibration. To achieve sustainable growth, telcos should adopt a pragmatic approach, focusing on their core horizontal strengths—such as connectivity and […]
APAC automotive tyres and wheels market to expand at 1.7% CAGR over 2024-29, forecasts GlobalData
Due to the increasing number of vehicles produced, constant technological advancements and innovations, the market volume for tyres and wheels has grown significantly over the years. However, as the innovations made tyres sturdier and reduced the occurrence of flat tyre scenarios, the demand for spare wheels has decreased, negatively impacting the sector and lowering the […]
Retailers that lack strong price messaging will lose out in the back to school race, says GlobalData
While inflation levels are decelerating, there is a continued focus on cutting costs among the parents shopping for back to school items in the UK; Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the back to school market: “The 2024 back to school retail winners will […]
Stereotaxis GenesisX EU nod marks major shift in robotic-assisted surgery market, says GlobalData
The EU clearance of Stereotaxis’ endovascular robotic system “GenesisX” marks a significant advancement in the rapidly growing field of robotic-assisted surgery. As the global market for these systems is set to surge, driven by the need for precision in minimally invasive procedures, this highlights the industry’s shift towards innovative technologies that improve surgical outcomes and […]
GLP-1R market: A two horse race, says GlobalData
The popularity of glucagon-like peptide-1 receptor (GLP-1R) drugs has exploded in recent years due to their abilities in effectively treating metabolic-related disorders such as obesity and type 2 diabetes. As obesity rates rise and trust in GLP-1R products grows, sales for drugs targeting this receptor are forecast to increase fourfold to an estimated $142 billion […]
2024 UEFA European Championships generates estimated sponsorship revenue of $535.25 million, reveals GlobalData
The 2024 edition of the UEFA European Championships saw sponsorship deals from a total of 25 brands, with the largest deal in terms of annual value being with adidas. Alongside Sportradar, Coca-Cola’s deal ranks joint second in terms of the largest sponsorship deals. Overall, the 2024 UEFA European Championships generated sponsorship revenue of $535.25 million, […]
Virtual industrial monitoring patents surge reflects mining sector growing emphasis on compliance, says GlobalData
Virtual industrial monitoring is becoming essential in the mining sector, especially for regulatory compliance. By utilizing advanced IoT and AI technologies, these systems offer continuous monitoring and detailed reporting of operational metrics. This helps mining companies meet stringent environmental and safety standards. The rising patent activity further underscores the industry’s shift toward digital solutions for […]
Diabetes surge fuels innovation in weight management solutions, says GlobalData
As diabetes prevalence continues to rise, the medical devices industry is intensifying its focus on weight management solutions to combat the increasing global health challenge. With Type 2 diabetes accounting for the majority of cases, there is a growing demand for innovative technologies that address both diabetes and the associated condition of obesity, according to […]
China’s rapid GenAI patents surge sets stage for global AI leadership, says GlobalData
China’s rapid advancements in generative artificial intelligence (GenAI) highlight its determination to lead the global AI landscape. The significant surge in GenAI patent filings—nearly 50% of the global total—reflects the country’s aggressive push towards technological leadership. This drive is not only reshaping industries but also setting new standards for innovation, positioning China as a formidable […]
Companies have more ways than ever to assess ESG performance, says GlobalData
Environmental, social, and governance (ESG) factors have become a key concern for consumers, lawmakers, and the wider community. Social issues such as human rights and diversity and inclusion have made headlines when companies get them wrong, with social movements such as #MeToo and Black Lives Matter throwing light on any indiscretions. As ESG becomes increasingly […]
Abbott partnership could improve Medtronic’s faltering diabetes care segment, says GlobalData
Medtronic and Abbott Laboratories recently announced a partnership to integrate the former’s automated insulin delivery (AID) systems, such as the MiniMed insulin pump, with Abbott’s continuous glucose monitor (CGM) technology. This partnership is Medtronic’s first with another major diabetes care company and follows disappointing results from its diabetes care division since 2022. To be developed […]
Glucose monitoring app recall risks Tandem’s position in insulin pump market, says GlobalData
The recall of the t:connect app that allows users to view blood sugar data may unintentionally diminish Tandem’s position in the insulin pump market, which was worth $6.58 billion in 2023 and is projected to reach $14.06 billion in 2033 with a compound annual growth rate (CAGR) of 7.89%, according to GlobalData, a leading data […]
Pharma CMO M&A activity shifts focus to scaling in 2023, reveals GlobalData
Merger and acquisition (M&A) activity in the pharmaceutical contract manufacturing industry declined in 2023 compared to 2021-22. High inflation and interest rates along with an uncertain business environment disincentivized investment. Despite fewer deals, the focus shifted towards scaling operations rather than acquiring specialized capabilities, according to GlobalData, a leading data and analytics company. Adam Bradbury, […]