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The COVID-19 pandemic has acted as a catalyst for the rapid implementation and development of wearable technology in the medical market. Wearable technologies, such as smartwatches and medical-grade wearables, have emerged as indispensable tools for remotely tracking glucose levels and managing diabetes. Following the wearable trend in medical, the recent update enables Apple Watch users […]
Rising diabetes rates and technology advancements to drive diabetes device market growth, says GlobalData
The global market for continuous glucose monitors (CGMs) is poised for rapid growth, driven by the increasing prevalence of diabetes and advancements in medical technology. The International Diabetes Federation (IDF) forecasts that the global diabetes population will reach 643 million by 2030, with North America experiencing significant increases. This increase in diabetes rates, coupled with […]
US jobs slowdown gathers pace as openings expected to be below 8 million for first time in over 3 years, says GlobalData
The US Job Openings and Labor Turnover Survey (JOLTS) report for May 2024, set to be released on 02 July 2024, is expected to show 7.8 million job openings, just below consensus expectations of 7.9 million jobs, and the first reading below 8 million since February 2021, according to GlobalData, a leading data and analytics […]
Medical tourism gains prominence in filing documents of companies, finds GlobalData
Medical tourism has been gaining momentum and it is also evident from companies’ discussions that it presents a big opportunity. An in-depth analysis of the filing documents reveals that companies are focusing on the needs of international patients, including access to skilled healthcare professionals, advanced treatments, and world-class facilities, reveals the Company Filing Analytics Database […]
Asthma inhaler price cap in US may help pharma companies to secure more loyal customer base, says GlobalData
In the US, a recent initiative by major pharmaceutical companies to cap the cost of asthma inhalers at $35 per month marks a significant development in healthcare affordability and accessibility. Overall, the price cap on asthma inhalers represents a multifaceted victory. For patients, it means improved access to life-saving medications and a reduction in financial […]
Microbot Medical and Boston Hospital collaboration holds potential to transform robotic surgeries, says GlobalData
Medical technology company Microbot Medical recently announced a strategic partnership with a prominent Boston Hospital to conduct clinical trials of its revolutionary Liberty Surgical Robot. The partnership signifies a major advancement in the field of surgical robotics. By leveraging advanced technology, this collaboration holds the potential to redefine surgical precision and patient outcomes, setting a […]
EUDR could cost EU consumers up to $1.5 billion, as new sustainability rules set to impact global commodity supply chains, says new GlobalData study
New study explores the impact of EU Sustainability Regulations and the implications of the new EU Deforestation Regulation (EUDR) for global commodity supply chains and consumer markets EUDR aims to cut greenhouse gas emissions and help limit biodiversity loss by influencing global action on climate change targeting commodities linked to deforestation EUDR will require companies […]
Preventable injuries pose growing burden on Canada healthcare system, warns GlobalData
Injuries impose a significant emotional, physical, and economic burden on Canada. Nearly 4.8 million trauma and 58,000 burn injuries are expected in 2024, reflecting a 2% annual increase since 2018. These and other preventable injuries account for a large proportion of wound care spending in Canada – resources that could be redirected to improve mental […]
Humanoid robotics conversations surge 80% on social media platform X during H1 2024, reveals GlobalData
The field of humanoid robotics is evolving rapidly, merging sophisticated AI with precise mechanics to create robots that closely emulate human behaviors. Influencers on social media platform “X” are actively discussing on how these technological advancements could transform various sectors, which led to 80% rise in conversations during the first half (H1) of 2024 (January-June). […]
United Airlines leads influencer discussions on X during H1 2024, reveals GlobalData
United Airlines has dominated discussions among the influencers on the social media platform “X” during the first half (H1) of 2024 (1 January1–24 June), capturing a 19.04% share of conversations about US-based airline companies. The remaining top mentioned airline companies were American Airlines Group Inc, JetBlue Airways Corp, Alaska Airlines Inc, Delta Air Lines Inc, […]
Everest Medicines Nefecon to transform IgAN treatment in China and Asia, says GlobalData
China-based Everest Medicines has recently launched Nefecon (budesonide DR) to treat primary immunoglobulin A nephropathy (IgAN) in China. It is the first approved medicine for IgAN by China’s National Medical Products Administration (NMPA). It represents an innovative treatment option for IgAN patients with more rapid disease progression compared to the American and European populations, says […]
Osteoporosis market to reach $17.9 billion across 7MM in 2033, forecasts GlobalData
The market for osteoporosis, the prevailing metabolic bone disorder globally, which is characterized by reduced bone mineral density and increased fracture risk, is set to experience a compound annual growth rate (CAGR) of 5.4% across the seven major markets (7MM*) from $10.5 billion in 2023 to $17.9 billion in 2033, forecasts GlobalData, a leading data […]
South Africa card payments market to reach $125 billion in 2024, forecasts GlobalData
South Africa’s card payments market is forecast to grow by 11.4% in 2024 to reach ZAR2.3 trillion ($125 billion), supported by a constant consumer shift towards non-cash payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in South Africa registered a growth of 13.4% in […]
Telecom and pay-TV services revenue in Malaysia to increase at 1.9% CAGR over 2023-2028, forecasts GlobalData
The total telecom and pay-TV services revenue in Malaysia is expected to increase at a compound annual growth rate (CAGR) of 1.9%, from $7.7 billion in 2023 to $8.5 billion in 2028, supported by mobile data and fixed broadband service segments, according to GlobalData, a leading data and analytics company. GlobalData’s Malaysia Telecom Operators Country […]
Turkish defense industry offers promise for export potential but challenges remain, says GlobalData
Türkiye’s growing domestic defense industry is seeking to expand into a growing export market. However, the country’s economic and political issues threaten to undermine this potential, as poor fiscal policy, authoritarian politics, and erosion of an independent central banking system have limited Western investment, says GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
FDA approval of Verona’s Ohtuvayre to transform US COPD market for severe exacerbators, says GlobalData
Following the Food and Drug Administration’s (FDA) approval of Verona Pharma’s Ohtuvayre (ensifentrine) yesterday evening in the US: Asiyah Nawab, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Ohtuvayre, a first-in-class dual phosphodiesterase (PDE) 3/4 inhibitor, has great potential to dominate the market for moderate to severe exacerbators with chronic […]
GlobalData highlights importance of increased accessibility to tests on National HIV Testing Day
National HIV Testing Day is observed on June 27 every year to recognize and address the ongoing disparities related to human immunodeficiency virus (HIV) infection. This day serves as a powerful reminder of the ongoing battle against HIV and the importance of awareness, education, and support for those affected. Routine HIV testing and increased accessibility […]
India startups raise $3.9 billion in VC funding during first five months of 2024, finds GlobalData
India witnessed the announcement of a total of 483 venture capital (VC) deals during the first five months of 2024, while the total disclosed funding value of these deals stood at $3.9 billion. This represents year-on-year (YoY) growth of 1.7% in terms of VC deals volume and 15.6% in terms of total funding value during […]
Fisker bankruptcy highlights struggles in balancing competitive pricing and sustainability, reveals GlobalData
Fisker bankruptcy filing has ignited fervent discussions among influencers on the social media platform “X”, drawing attention to the challenges and opportunities within the electric vehicle (EV) industry. Influencers are critically examining the sustainability of pricing strategies following Fisker’s drastic price reductions and bankruptcy filing, emphasizing the challenges faced by new entrants in scaling production […]
Top 20 global payment giants thrive despite economic challenges, rake in $236 billion in 2023, reveals GlobalData
Amidst expansionary monetary policy, geopolitical uncertainties, and soaring inflation, the global payments industry continued to thrive in 2023. The top 20 public payment companies saw their revenues rise by 3.5% to $236 billion, reveals GlobalData, a leading data and analytics company. The US payment companies dominated the list with the top four – American Express, […]