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The countdown continues to 30 December 2024, when *most companies based in the EU or who supply goods to the EU must be compliant with the new EU Deforestation Regulation (EUDR). The EU Deforestation Regulation (EUDR) is the latest set of EU rules that it hopes will influence global action on climate change by addressing […]
Influencers advocate expanded H5N1 testing amidst growing public health concerns, reveals GlobalData
Amidst the ongoing H5N1 bird flu crisis, discussions on social media platform “X” have shifted focus from transparency to highlighting deficiencies in testing procedures. Influencers stress the urgent need for expanded testing to mitigate public health risks and accurately assess the virus’s prevalence. Concerns over limited testing capacity underscore the necessity for collaborative efforts among […]
Medtronic’s MiniMed extended infusion set could improve diabetes care sustainability, says GlobalData
Medical waste generated by diabetes care, especially from the infusion sets and reservoirs needed for insulin delivery with insulin pumps, poses a major problem for sustainability and ecological impact in the market. These devices are heavily reliant on single-use plastics due to the need for sterilized components and ease of use for patients. However, diabetes […]
Hyperscalers forge ahead with in-house semiconductor solutions amidst Nvidia dependency concerns, says GlobalData
Hyperscalers such as Meta, Microsoft, Google, and Amazon are strategically shifting towards developing proprietary semiconductor technologies in response to the soaring demand for Nvidia’s GPUs in the burgeoning generative AI (GenAI) market. This strategic move is aimed at reducing dependency on Nvidia while fostering innovation and facilitating global expansion. Within this dynamic landscape, significant investments […]
Payment cards maintain stranglehold in Japan e-commerce market, reveals GlobalData
Payment cards remain the preferred payment method for online purchases in Japan, collectively accounting for nearly 63% share in total e-commerce payments in 2023. The e-commerce market in Japan grew by 9.1% in 2023 to reach JPY24.8 trillion ($177.3 billion), driven by a tech-savvy population, high internet penetration, and secure payment solutions, reveals GlobalData, a […]
South Korea dental CAD/CAM systems and materials market to grow at 3% CAGR through 2033, forecasts GlobalData
South Korea is seeing a surge in the demand for computer-aided design (CAD) and computer-aided manufacturing (CAM) systems due to a growing need for improved design and fabrication of dental prostheses such as crowns, fixed bridges, dental implant restorations, and dentures. Against this backdrop, the dental CAD/CAM systems and materials market in South Korea is […]
World AIDS Vaccine Day 2024: Prophylactic vaccines in phase II development hold potential to reduce epidemic burden, says GlobalData
World AIDS (acquired immunodeficiency syndrome) Vaccine Day, also known as HIV (human immunodeficiency virus) Vaccine Awareness Day, takes place annually on 18 May. The National Institute of Allergy and Infectious Diseases (NIAID) leads the observance, educating the public on the importance of HIV prevention and the significance of vaccine research, and acknowledging the contributions of […]
AstraZeneca’s Fasenra approval for asthma could have same potential for COPD, says GlobalData
AstraZeneca’s Fasenra (benralizumab) recently received Food and Drug Administration (FDA) approval for severe asthma in children aged 6 to 11, specifically for the eosinophilic phenotype, in over 80 countries, including the US, EU, and Japan. Fasenra is a monoclonal antibody intended to inhibit the alpha subunit of the interleukin-5 receptor found on eosinophils and is […]
Generative AI emerges as key theme in companies’ discussions in Q1 2024, finds GlobalData
Generative AI (GenAI) has emerged as a key theme during the last year, with more companies discussing the impacts of this technology. S&P 500 companies in their Q1 2024 earnings call transcripts had discussions around GenAI adoption, products/solutions on offer, strategic partnerships, investments, and application areas, reveals the Company Filings Analytics Database of GlobalData, a […]
Indigo remains biggest buyer of Airbus aircraft in APAC, reveals GlobalData
Indigo recently ordered 30 A350-900 wide-body aircraft from Airbus, as it looks to expand its international network to long-haul destinations. The Indian carrier’s expansion plans into more international destinations underscore the strong growth witnessed in the country’s travel landscape, propelled by factors such as a steady uptick in business travel, rising disposable income, and economic […]
Avaya elevates customer engagement with Edify acquisition amid contact center evolution, finds GlobalData
Avaya’s recent acquisition of Edify is a strategic move, capitalizing on the evolving dynamics of customer experience. This acquisition not only positions Avaya to cater to the growing demand for proactive, relationship-oriented customer engagement, but also aligns with the trend of integrating contact center and collaboration capabilities, says GlobalData, a leading data and analytics company. […]
GLP-1R agonists’ type 2 diabetes and obesity market to reach $125 billion in 7MM by 2033, forecasts GlobalData
Glucagon-like peptide-1 (GLP-1) receptor agonists are a class of incretin mimetic medicines for the treatment of type 2 diabetes and obesity. With the obesity and type 2 diabetes markets growing at unprecedented rates, the GLP-1 receptor agonists market is also growing. GLP-1 receptor agonist sales for the type 2 diabetes and obesity markets are forecast […]
Partnership with Reliance Retail will help ASOS to further tap into the lucrative Indian fashion market, says GlobalData
Following today’s news that ASOS is partnering with Reliance Retail in India; Pippa Stephens, Senior Apparel Analyst at GlobalData, offers her view: “Joining forces with Reliance Retail to boost its own-brand proposition in India will allow ASOS to better cater to the preferences and styles of local consumers, due to Reliance’s extensive expertise in the […]
Supply chain pressure trending topic among companies amid Red Sea crisis during Q1 2024, finds GlobalData
The escalation of the “Red Sea Crisis” amid heightened geopolitical tensions between Israel and Hamas has sent ripples through global trade and operations. This crisis, compounded by geopolitical flashpoints like the Panama Canal and South China Sea, is reshaping trade dynamics and mounting pressure on companies’ logistical capabilities. Consequently, supply chain pressure has emerged as […]
Companies seen hiring for roles to lead sustainable practices in travel and tourism industry, finds GlobalData
A notable shift is underway in the travel and tourism industry as companies are increasingly prioritizing sustainable practices, energy efficiency, waste reduction, and conservation efforts in their hiring strategies. Against this backdrop, airline and airport companies are posting some senior/mid-level environmental, social, and governance (ESG)-related jobs for initiatives around business operations, reveals the Job Analytics […]
APAC’s appeal endures despite 9.3% YoY fall in deal activity during January-April 2024, finds GlobalData
A total of 4,478 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to April 2024, a decline of 9.3% compared to the announcement of 4,935 deals during the same period in 2023. Nevertheless, APAC experienced the lowest downturn among all regions, showcasing its […]
Medtronic’s FDA approval of closed-loop spinal cord stimulator Inceptiv to increase standing in market, says GlobalData
The FDA approval of Medtronic‘s closed-loop spinal cord stimulation (SCS) device “Inceptiv” marks a significant milestone in the SCS market. Medtronic’s entry into closed-loop technology presents opportunities for market expansion, which was worth $2.2 billion in 2023 and is expected to reach $4.3 billion in 2033, according to GlobalData, a leading data and analytics company. […]
Nearly 88% Hong Kong residents use mobile wallets for payments, reveals GlobalData
Mobile wallet usage is on the rise in the Asia-Pacific (APAC) region, a trend that is prevalent in Hong Kong (China SAR) as well, with nearly 88% respondents using mobile wallets for payments at shops, according to GlobalData, a leading data and analytics company. GlobalData’s 2023 Financial Services Consumer Survey* shows that Hong Kong ranks […]
Mexico 5G spectrum auction faces limited operator interest due to high fees, observes GlobalData
Mexico’s 5G auction faces hurdles as high spectrum fees deter operator interest. The upcoming Licitacion IFT-12, announced by the Federal Telecommunications Institute (IFT), aims to drive 5G expansion but is met with caution due to prohibitive annual fees. Despite offering sought-after 600 MHz and L-Band blocks, concerns linger as past spectrum license returns highlight the […]
Geopolitical risks, AI and cybersecurity trending topics during Q1 2024, finds GlobalData Company Filings Analytics report
Packaging, foodservice and construction business sentiment improved Malaysia, Switzerland, Norway, Japan, Singapore showed improvement AI and cybersecurity witness high growth in mentions Global business sentiment during the first quarter (Q1) of 2024 witnessed a 2% decline, as per a thorough analysis of annual and quarterly reports, alongside earnings call transcripts. Market and supply chain risks […]