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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 […]
South Korea credit card payments market to surpass $770 billion in 2024, forecasts GlobalData
The South Korean credit card payments market is forecast to grow by 6.3% in 2024 to reach KRW1,017.1 trillion ($778.9 billion), supported by high consumer preference for electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit card payment value in South Korea registered a growth of […]
ARS Pharmaceuticals’ Neffy poised to disrupt epinephrine market as first needle-free nasal spray, says GlobalData
ARS Pharmaceuticals’ Neffy, the first needle-free epinephrine nasal spray, is poised to significantly impact the treatment of life-threatening allergic reactions like anaphylaxis following FDA approval in August 2024. With ease of use paired with a strong patient-assistance program, Neffy is set to disrupt the epinephrine market, according to GlobalData, a leading data and analytics company. […]
Frasers must prioritize rejuvenating Mulberry’s offering to reclaim its luxury status if acquisition happens, says GlobalData
Following today’s news that Frasers Group has made an £83m offer to buy Mulberry: Alice Price, Associate Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Fraser’s £83m bid for Mulberry – which would see its 37% stake rise to 100% – comes after the heritage brand has suffered with dwindling […]
Edible oil import duty increase likely to have wide-ranging effects on food sector in India, says GlobalData
The Indian government has recently imposed a 20% basic customs duty on various edible oils to support domestic farmers. The duty increase on crude edible oils, such as sunflower, soybean, and palm oil, is expected to have wide-ranging effects across the food sector, says GlobalData, a leading data and analytics company. Shravani Mali, Consumer Analyst […]
Healthcare and technology industries at forefront of nanotechnology innovation with rapid commercialization, says GlobalData
The possible applications of nanotechnology are boundless. Propelled by the growing demand for sustainable materials, environmental remediation, faster electronics, and innovative therapies, nanotechnology could transform numerous industries. With the potential impact of nanotechnology expected to vary significantly across different sectors, the healthcare and technology sectors are currently at the forefront of innovation witnessing rapid commercialization, […]
Innovative product offerings to drive Thai dairy alternatives and meat substitutes market growth, says GlobalData
The surge in health-related issues is the key factor driving consumer preference for plant-based substitutes for dairy, meat, eggs, and seafood. In Thailand, the alternative protein market is experiencing significant growth as manufacturers respond to diverse consumer demands and challenges through innovative product development. The entry of more multinational companies and innovative startups is anticipated […]
2024 Tour de France generates estimated $70.06 million in sponsorship revenue, reveals GlobalData
As the world’s most prestigious annual men’s multiple-stage bicycle race, the Tour de France attracted several major companies as key sponsors. The largest sponsorship deal in terms of annual value for the 2024 Tour de France was its partnership with LCL. The five-year deal, which covers the 2024-2028 period, sees LCL sponsor the Tour de […]
Battery as a service and battery swapping emerge as key topics in companies’ discussions, reveals GlobalData
Governments worldwide have been making continuous efforts to make transportation more sustainable and environment friendly to boost the adoption of electric vehicles (EVs). However, high costs associated with battery, lower range, and charging infrastructure pose major challenges for widespread EV adoption. Against this backdrop, battery as a service (BaaS) and battery swapping have emerged as […]
India dominates global IPO race with over 220 deals in first eight months of 2024, reveals GlobalData
India topped the global IPO market, with 227 transactions totaling $12.2 billion in the first eight months of 2024. The remarkable performance was driven by strong market sentiment, a favorable macroeconomic environment, and a surge in investor interest fueled by fear of missing out (FOMO). Both the SME and mainboard IPO segments have contributed to […]
System integrators will play a key role in helping enterprise customers experiment and implement GenAI-powered solutions, says GlobalData
IT services providers (ITSP) are well-positioned to assist enterprises in generative artificial intelligence (GenAI) experimentation and implementation. Different technology firms focus on solving problems such as the AI models, hardware, infrastructure, and products and applications, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Generative AI Watch: IT Services Providers Invest to […]
Sanofi/Regeneron’s Dupixent set to dominate COPD biologics market share following FDA approval, says GlobalData
Following the Food and Drug Administration (FDA) approval of Sanofi/Regeneron’s Dupixent (Dupilumab) on 27 September 2024: Asiyah Nawab, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Dupixent, a monoclonal antibody (mAb) targeting interleukin-4 (IL4) and interleukin-13 (IL13) pathways, has been approved by the FDA as the first biologic for uncontrolled […]
India leads APAC IPO activity in first eight months of 2024, reveals GlobalData
The Asia-Pacific (APAC) region’s initial public offering (IPO) market has demonstrated remarkable resilience, continuing its upward trajectory despite high inflationary environment and geopolitical tensions. In the first eight months of 2024, the APAC market witnessed a notable surge in IPO activity, with 575 listings raising a total of $23.7 billion. This represents a 15.6% growth […]
AI-powered hair care solutions become increasingly popular in APAC, says GlobalData
Artificial intelligence (AI) is transforming various industries by providing wide range of applications that improve efficiency and data driven insights for informed decision making. In the haircare sector, AI is helping manufacturers to provide personalized solutions that analyze user data and deliver an immersive experience to its consumers. Moreover, increasing hair loss concerns and growing […]
China’s surge in antibody-drug conjugates positions it as key oncology market, says GlobalData
Antibody-drug conjugates (ADCs) represent a significant advancement in cancer treatment, particularly within China’s burgeoning oncology sector. With a little over 100 ADC candidates in various stages of development, Chinese companies lead the Asia-Pacific (APAC) region. As cancer remains a significant health challenge, strategic collaborations with major pharmaceutical companies are essential for advancing research and enhancing […]
AstraZeneca’s FluMist approval for self-administration could increase flu vaccine uptake, says GlobalData
The US Food and Drug Administration (FDA) has approved the first self-administered seasonal influenza vaccine – AstraZeneca’s FluMist. FluMist has been available in the US since 2003, but beginning next year, the nasal spray vaccine will also be available for self-administration. This approval increases the accessibility of seasonal influenza vaccines, and has the potential to […]
GlobalData poll reveals microbiome’s essential role in health
Healthcare professionals widely recognize the microbiome’s vital contributions to digestion, immune function, and overall well-being. The majority of surveyed respondents view a balanced microbiome as essential to sustain health and prevent various diseases, underscoring its crucial role of in maintaining human health, according to a recent poll conducted by GlobalData, a leading data and analytics […]
China to spearhead global VAM capacity additions through 2028, says GlobalData
China is set to witness most of the vinyl acetate monomer (VAM) capacity additions globally by 2028, contributing about 78% of the total capacity additions from six upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Vinyl Acetate Monomer (VAM) Industry Capacity and Capital Expenditure Forecasts with Details of All Active […]
GlobalData finds companies across sectors posting jobs around retrieval-augmented generation
Retrieval-augmented generation (RAG) is a rapidly growing field as a sophisticated AI technique that enhances the performance of LLMs by retrieving relevant documents or information from external sources during text generation. Consequently, the demand for skilled professionals with expertise in RAG is on the rise. Against this backdrop, companies across sectors are seen posting jobs […]
Oral beauty trend gains traction in Asian markets, says GlobalData
Dental health is becoming a top priority for Asian consumers given the increasing oral issues such as gum diseases, dental cavities, and oral cancers. Consumers are seeking new oral care products with innovative ingredients and technological integration to support their needs. Consequently, the concept of oral beauty or oral care skinification, which involves the combination […]