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In a crucial step forward, world leaders at the United Nations General Assembly (UNGA) have pledged to reduce antimicrobial resistance (AMR) associated fatalities by 10% by 2030. This declaration, which emphasizes a multi-sector approach, reflects a necessary shift toward a comprehensive “One Health” approach, integrating human, animal, and environmental health. By prioritizing collaboration and innovative […]
India credit and charge card payments market to grow by 15.5% in 2024, forecasts GlobalData
The Indian credit and charge card payments market is forecast to grow by 15.5% in 2024 to reach INR22.3 trillion ($270.4 billion), supported by growing consumer preference for non-cash payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit and charge card payment value in India registered a […]
Coffee shops harness social media to boost consumer loyalty across Asia, finds GlobalData
As coffee shops in Asia adapt to evolving consumer preferences, social media has emerged as a pivotal tool for enhancing customer loyalty. The influence of digital platforms is particularly strong among younger consumers, who are increasingly attracted to personalized marketing and interactive engagement. By leveraging social media strategies, coffee shops can foster community and connection, […]
Adaptive deep brain stimulation holds potential to transform Parkinson’s disease treatment, says GlobalData
Two recent UC San Francisco studies have shown that adaptive deep brain stimulation (aDBS) offers personalized, 24/7 care for Parkinson’s disease through an implanted device. Unlike regular DBS, which delivers constant pulses, aDBS uses AI to monitor brain activity and adjust treatment based on symptom fluctuations. This marks a major advancement in the management of […]
A schizophrenia win for BMS’s Cobenfy, but challenges lie ahead, says GlobalData
Bristol Myers Squibb (BMS) has recently secured approval from the US FDA for Cobenfy (xanomeline and trospium chloride) for the treatment of adults with schizophrenia. Cobenfy has a mechanism of action (MOA) distinct from traditional antipsychotics. However, as the drugs most widely used to treat schizophrenia are inexpensive, genericized atypical antipsychotics, the schizophrenia market is […]
Space economy could become $1 trillion industry by 2030, forecasts GlobalData
Space tourism and the wider space economy will become increasingly important in the coming years, with the space economy market estimated to rise from $450 billion in 2022 to $1 trillion in 2030, according to GlobalData, a leading data and analytics company. GlobalData’s upcoming virtual conference, “The Future of Travel & Tourism”, will reveal how […]
Packaged baby food demand grows in APAC with rising female workforce, reveals GlobalData
The increasing participation of women in the workforce across the Asia-Pacific (APAC) region, coupled with hectic work schedules of dual-income households, is reshaping consumer behavior towards packaged baby food. Rising per capita incomes and the need for convenience are driving greater demand for baby formula, ready-to-eat finger foods, and other baby care products in key […]
Ebglyss FDA approval intensifies competition in atopic dermatitis market, says GlobalData
Eli Lilly‘s Ebglyss (lebrikizumab) has recently received approval in the US, adding a new competitor to the atopic dermatitis (AD) market alongside therapies like tralokinumab and dupilumab. Although there are current treatment options ranging from topical therapies to systemic treatments there is a significant unmet need remains for safer and more effective long-term AD therapies, […]
Mobile wallet adoption and usage growing rapidly in Asia-Pacific region, reveals GlobalData
Mobile wallet adoption and usage is growing at a fast pace in the Asia-Pacific region, supported by accelerated consumer shift towards non-cash payment methods, reveals GlobalData, a leading data and analytics company. Asian-Pacific markets have been actively promoting mobile wallets, placing them ahead of their Western counterparts. While already popular in countries like India and […]
Enterprises mandate FinOps practices to ensure financial and performance improvements, says GlobalData
Triggered by the DevOps trend toward the continuous integration and continuous delivery (CICD) of modern application architectures, financial operations (FinOps) initiatives are growing in importance. The practice of FinOps represents a relatively new operational framework and initiative growing in recognition among enterprises undergoing digital transformations by migrating applications to the cloud and/or creating cloud-native apps. […]
Real-time cross-border payments see widespread adoption amid G20 challenges, says GlobalData
Real-time cross-border payments are gaining significant momentum as global consumers increasingly rely on them for seamless transactions. Many consumers rely on them to send money to family and friends, while others use them to purchase goods, underscoring their growing importance in the international economy. However, despite the progress, challenges persist in meeting G20 targets for […]
Oreo’s ad strategy blends family, nostalgia and playfulness to strengthen market leadership, reveals GlobalData
Mondelez-owned Oreo’s advertising strategy from April to September 2024 effectively integrates nostalgia, family values, and playfulness, capturing a broad audience through diverse campaigns. By leveraging emotional connections and cultural relevance, Oreo rejuvenates its brand appeal and reinforces its market leadership, resonating deeply with consumers across various demographics and regions, according to the Global Ads Platform […]
Malaysia e-commerce payments to reach $14.7 billion by 2028, forecasts GlobalData
The Malaysian e-commerce market is anticipated to grow at a compound annual growth rate (CAGR) of 8.5% between 2024 and 2028 to reach MYR67.1 billion ($14.7 billion) in 2028, driven by the ongoing shift in consumer preference from offline to online shopping, according to GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals […]
Fungi-based food surge in Australia marks new era for sustainable eating, says GlobalData
The surging consumer demand for sustainable, plant-based, and alternative protein sources has sparked a notable upswing in the availability of fungi-based food products in Australia. With a growing emphasis on environmental consciousness and health benefits, fungi-based products are emerging as a significant trend in the food industry, offering nutritious and eco-friendly alternatives to traditional meat […]
Non-opioid medications for addiction treatment remain key unmet need in OUD market in 8MM, reveals GlobalData
Opioid Use Disorder (OUD) is a chronic neurological disorder that is described as the consequences associated with repeated, compulsive use of opioid drugs and prolonged self-administration of opioid drugs. In August 2024, 110 high-prescribing psychiatrists, addiction specialists, neurologists, and primary care physicians from eight major markets (8MM*) were surveyed by GlobalData on the key unmet […]
Foodservice operators need to navigate challenges in leveraging technology to improve customer experience, says GlobalData
Given the changing operational dynamics and the squeeze on profits, foodservice operators are increasingly leveraging technology to enhance operational efficiency while striving to maintain a personal touch in customer service. While technology can significantly enhance operational efficiency and customer experience in the foodservice industry, operators must navigate challenges related to maintaining personal service, integrating data, […]
Sustainability and social media engagement key for retailers to attract Gen Z and Gen Alpha consumers, says GlobalData
Retailers must emphasize their sustainability credentials and social media engagement to better cater to the younger generations and capitalize on their growing influence on retail market trends, according to GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, “Demographics in Retail and Apparel,” highlights the differing expectations of younger consumers, particularly when it […]
Innovative AI partnerships redefine healthcare delivery, says GlobalData
As artificial intelligence (AI) continues to progress, it is increasingly becoming a key element of modern healthcare systems, enabling clinicians to offer more personalized care while alleviating the pressure on overworked healthcare staff. Recent collaborations and initiatives in the industry showcase how AI is being integrated into both clinical and administrative processes. From enhancing bedside […]
Over a third of global insurance consumers are ready for AI, finds GlobalData
Technology is becoming increasingly indispensable to the insurance industry, whether it is using artificial Intelligence (AI) and Internet of Things (IoT) to bolster user experience or offering tech-related products such as cyber and parametric insurance. Against this backdrop, a significant proportion of global consumers are open to interacting with AI for their insurance policy, even […]
Thailand credit and charge card payments market to grow by 7.1% in 2024, forecasts GlobalData
Thailand’s credit and charge card payments market is on a growth trajectory and is forecast to grow by 7.1% in 2024 to reach THB2.2 trillion ($62.1 billion), supported by growing consumer preference for electronic payments and developing payment infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit […]