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India is likely to witness urea capacity additions of 9.28 million tonnes per annum (mtpa) between 2024 and 2030, from six new build and two expansion projects, contributing about 14% of the global capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Urea Capacity and Capital Expenditure Outlook by Region, Countries, […]
Energy harvesting tech transforms IoT and consumer electronics with sustainable power, says GlobalData
Energy harvesting technologies are set to transform IoT and consumer electronics by providing sustainable, efficient, and innovative power solutions. These advancements aim to significantly reduce reliance on traditional batteries, addressing environmental concerns and enhancing device performance. By offering eco-friendly alternatives, these technologies promise to extend device lifespan, reduce maintenance costs, and transform power sources in […]
Amyotrophic lateral sclerosis market across 8MM set to reach $1.28 billion in 2029, forecasts GlobalData
The amyotrophic lateral sclerosis (ALS) market across the 8MM (8MM: the US, France, Germany, Italy, Spain, the UK, Japan, and Canada) is projected to grow at a compound annual growth rate (CAGR) of 15% from $317 million in 2019 to $1.28 billion in 2029, forecasts GlobalData, a leading data and analytics company. The key opinion […]
China’s Innovent holds potential to change pancreatic cancer treatment landscape with bispecific antibody IBI389, says GlobalData
China-based Innovent Biologics recently presented Phase I study results of its first-in-class anti-CLDN18.2/CD3 bispecific antibody (IBI389) for the treatment of advanced pancreatic cancer at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting. Preliminary results from the Phase I study (NCT05164458) of IBI389 demonstrated promising efficacy in pancreatic ductal adenocarcinoma (PDAC) and the bispecific […]
Global deal activity falls by 19.6% YoY during January-May 2024, reveals GlobalData
A total of 19,642 deals comprising mergers & acquisitions (M&A), private equity, and venture financing were announced globally during January-May 2024, which is a decline of 19.6% compared to the announcement of 24,441 deals announced during January-May 2023, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database showed that […]
Tapinarof may mark Dermavant’s first atopic dermatitis approval, says GlobalData
Dermavant’s VTAMA (tapinarof), a nonsteroidal, topical AhR-modulating agent, achieved positive Phase III trial results in atopic dermatitis patients aged two and above, leading to FDA acceptance of its supplemental new drug application (sNDA). The promising results may bring Dermavant’s VTAMA closer to market authorization and will be its first atopic dermatitis marketed drug, subject to […]
China neurosurgery robotic surgical systems market poised for 12% CAGR through 2033, forecasts GlobalData
China’s healthcare sector is witnessing substantial investment in robotic technologies, driven by an increasing demand for advanced medical solutions. Against this background, China’s neurosurgery robotic surgical systems market is projected to grow at a compound annual growth rate (CAGR) of 12% between 2023 and 2033, according to GlobalData, a leading data and analytics company. GlobalData’s […]
China to reach 2030 solar and wind energy target five years ahead of schedule, says GlobalData
China’s solar photovoltaic (PV) capacity reached 609.5 GW in 2023, while its onshore and offshore wind capacity stood at 408.1 GW and 37.7 GW, respectively. The country is on track to surpass its 2030 target by a significant margin, achieving this milestone five years ahead of schedule in 2025. By that year, it is anticipated […]
Mobile wallet market in Australia to surpass $100 billion in 2024, forecasts GlobalData
Mobile wallet adoption is growing at a fast pace in Australia with the value of mobile wallet transactions expected to grow by 42.2% in 2024 to reach AUD209 billion ($138.8 billion), supported by accelerated consumer shift towards non-cash payment methods, forecasts GlobalData, a leading data and analytics company. GlobalData reveals that the value of mobile […]
Space robotics poised to see explosive growth, reveals GlobalData’s Technology Foresights
Five years ago, NASA launched a mission straight out of a sci-fi blockbuster by deploying its robotic system, Astrobees, on the International Space Station (ISS) to assist astronauts with repair and maintenance. Fast forward to today, and space robotics has taken a giant leap forward, becoming a hotbed of innovation and investment. This burgeoning field […]
Moderna’s COVID-19/influenza vaccine phase III data highlights potential of mRNA technology for infectious diseases, says GlobalData
Moderna has announced positive Phase III data for its COVID-19/influenza combination vaccine, mRNA-1083. The investigational combination mRNA vaccine generated statistically significant higher immune responses in relation to the licensed comparator vaccines used in the randomized, observer-blind, active control study among 8,000 adults aged 50 years and older. This development comes less than two weeks after […]
China leads APAC in institute-led clinical trials, reveals GlobalData
With the evolving landscape of drug development and innovations, several institutes are serving as catalysts by partnering with pharmaceutical companies to drive progress at various stages of research and development. These collaborations are particularly significant in advancing clinical trials, a critical step in drug development. Against this backdrop, within the Asia-Pacific (APAC) region, China leads […]
Next generation sequencers market in India to grow at 11% CAGR through 2033, forecasts GlobalData
Next generation sequencing (NGS) is increasingly being applied in clinical oncology to advance personalized treatment of cancer. Technological advancements are driving a surge in the adoption of NGS in India, enhancing patient care and guiding more accurate and specific screening and targeted therapies. Against this backdrop, India’s next generation sequencers market is expected to grow […]
Apple AI races up to Google and Microsoft, says GlobalData
Following the news (10 June) that Apple has introduced Apple Intelligence, the personal intelligence system that puts powerful generative models at the core of iPhone, iPad, and Mac at the Worldwide Developer Conference (WWDC) 2024; Anisha Bhatia, Senior Technology Analyst at GlobalData, a leading data and analytics company, offers her view: “Apple is no longer […]
Zoom seeks to reach new heights with enhanced offerings, says GlobalData
Following the news that Zoom detailed the latest concerning their vision, strategy, and flagship offers at Zoom Perspectives 2024; Gregg Willsky, Principal Analyst, Enterprise Technology and Services at GlobalData, a leading data and analytics company, offers his view: “Zoom has been working to grow the number of customers and increase their spend. Total revenue has […]
Cisco demonstrates great strength in collaboration, says GlobalData
Following the news that Cisco announced new capabilities for collaboration targeting both hybrid work and contact centers at Cisco Live 2024; Gregg Willsky, Principal Analyst, Enterprise Technology and Services at GlobalData, a leading data and analytics company, offers his view: “Cisco is moving the needle in a meaningful way on both the hybrid work and […]
China card payments market to reach nearly $20 trillion in 2024, forecasts GlobalData
The Chinese card payments market is expected to grow by 3.7% to reach CNY141.1 trillion ($19.9 trillion) in 2024, supported by a constant consumer shift towards non-cash payments, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payments value in China reached CNY136.0 trillion ($19.2 trillion) in 2023, registering […]
Cybersecurity companies discuss AI integration for enhanced risk management, finds GlobalData
Artificial intelligence (AI) is playing a significant role in the field of cybersecurity. It has the potential to enhance organizations’ incident response capabilities. Cybersecurity companies have been discussing incorporating AI capabilities in various areas, including incident response, threat detection, and prediction capabilities according to the Company Filings Analytics Database of GlobalData, a leading data and […]
Renewable energy to dominate Italy’s power generation mix by 2035, says GlobalData
The Russian invasion of Ukraine has had a profound impact on the global energy market. The over reliance of European nations on Russian fossil fuels has posed a significant challenge to supply security. Italy, as one of the largest importers of natural gas, sourced 40% of its gas from Russia until 2021. However, in 2022, […]
Thailand e-commerce payments to surge by 13.7% in 2024, forecasts GlobalData
The Thailand e-commerce market is growing at a fast pace and is expected to surge by 13.7% in 2024, driven by growing consumer preference for online shopping and strong internet penetration, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Thailand e-commerce market registered a compound annual growth rate (CAGR) of […]