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The return to normalcy after the COVID-19 pandemic also brings back long commutes and hectic workdays for consumers, who increasingly seek food & drinks in convenient and easy to use formats. Furthermore, growing eco-conscious consumerism is spurring opportunities for brands to use innovative packaging, says GlobalData, a leading data and analytics company. Meenakshi Haran, Lead […]
Biopharmaceutical mega M&A deals surge by 71% YoY during Q1 2024, reveals GlobalData
Mergers and acquisitions (M&As) in the biopharmaceutical industry have rebounded with a $76.9 billion increase in total deal value seen from 2022 to 2023. In Q1 2024 alone, biopharmaceutical M&A reached a total deal value of $43.5 billion, with a 71% year-on-year (YoY) increase of mega deals that were valued at $1 billion or more […]
Chips industry may not be fit for purpose by 2030, says GlobalData
Next-generation chips represent the next frontier of semiconductor technology, incorporating advancements in design, materials, manufacturing process, performance, and packaging. As computing tasks become more demanding and data-intensive, next-generation chips promise faster speeds and better energy efficiency. However, the chips industry faces significant technological, supply chain, and geopolitical challenges, which will only intensify over the next […]
Crypto hiring thrives in Q1 2024, but April slump highlights volatility and regulatory concerns, says GlobalData
Cryptocurrency-related hiring activity remained strong in the first quarter (Q1) of 2024 and registered quarter-on-quarter (QoQ) growth as companies such as Coinbase Global and Binance Holdings posted significant number of jobs. Yet, April saw a slowdown, indicating challenges amid market volatility and regulatory uncertainties, reveals the Job Analytics Database of GlobalData, a leading data and […]
Malaysia general insurance industry to reach $6.8 billion by 2028, forecasts GlobalData
The Malaysian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.8% from MYR22.6 billion ($5.0 billion) in 2024 to MYR30.5 billion ($6.8 billion) in 2028, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general insurance […]
Consumer goods companies need to understand overall requirements of AI applications to avoid failure, says GlobalData
Artificial Intelligence (AI) refers to software-based systems that use data inputs to make decisions on their own or that help users make decisions. Generative AI refers to AI creating content in any shape or format, from writing original text to designing new structures and products. These technologies have developed rapidly over the last 18 months […]
Roche challenges Regeneron and Bayer’s position as industry leaders within wAMD, DME and DR spaces, says GlobalData
Roche’s Vabysmo (faricimab) is in the spotlight following its promising Q1 2024 sales figures. Vabysmo, a vascular endothelial growth factor (VEGF) inibitior and angiopoietin-2 (Ang-2) inhibitor therapy, is indicated for wet age-related macular degeneration (wAMD), diabetic macular edema (DME), and macular edema following retinal vein occlusion (RVO). This presents a looming challenge to Regeneron and […]
Payment cards continue to lead e-commerce payments in South Korea with 54% share, reveals GlobalData
Payment cards remain the most preferred payment tool for e-commerce purchases in South Korea, collectively accounting for over half (54%) of the total e-commerce payments in 2023, signifying a strong preference for secure and convenient transactions among the online shoppers, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that the e-commerce […]
Coinbase dominates Reddit discussions amongst top crypto trading platforms during Q1 2024, reveals GlobalData
As the cryptocurrency market once again experiences volatility post a strong Q1 2024 surge, investors face fresh uncertainty. The recent price dip raises doubts about the sustainability of the rebound, emphasizing the persistent volatility of digital assets. Consequently, market participants navigate uncertain terrain, recognizing the inherent risks at play. Against this backdrop, Coinbase Global Inc […]
Anticipation builds as Insmed bronchiectasis therapy brensocatib nears Phase III completion, observes GlobalData
Insmed is in the spotlight over the past few years for its pipeline agent, brensocatib, which has previously shown promising Phase II results, generating anticipation within the medical community ahead of their Phase III results for the treatment of bronchiectasis. The positive outcomes could pave the way for regulatory approval, potentially transforming the therapeutic landscape […]
Payment cards dominate e-commerce payments in New Zealand with 57% share, reveals GlobalData
Payment cards are the preferred payment method for e-commerce purchases in New Zealand, accounting for 57% share in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics tool reveals that e-commerce market in New Zealand grew by 14% in 2023 to reach NZD12.3 billion ($7.6 billion), as increasing number of consumers shift […]
Diagnosed incident cases of HER2-positive breast cancer to grow at 1.5% AGR between 2023-2033 across 8MM, forecasts GlobalData
The diagnosed incident cases of HER2-positive (HER2+) breast cancer in the eight major markets (*8MM) are projected to increase from 107,352 in 2023 to 123,580 in 2033 for invasive HER2+/HR+ breast cancer, and from 59,598 cases in 2023 to 68,846 cases in 2033 for invasive HER2+/HR- breast cancer, at an annual growth rate (AGR) of […]
Three BiTEs set to disrupt relapsed/recurrent multiple myeloma space with $9 billion sales by 2030, says GlobalData
Recent developments in the field of bispecific T-cell engagers (BiTEs) have led to the approval of three therapies for relapsed/recurrent multiple myeloma (RRMM): Elrexfio (elranatamab) developed by Pfizer, Tecvayli (teclistamab) and Talvey (talquetamab) developed by Johnson & Johnson. Clinical data of the three have been surprising, surpassing previously anticipated response rates. With an ever-growing number […]
Network APIs gain traction but telcos risk being left behind with regulation and standardization challenges, says GlobalData
2024 has finally seen Network Application Programming Interfaces (APIs) gain commercial traction for both mobile and fixed networks in multiple markets across the globe. Mobile network operators across Europe, Asia, and the Americas have latched on to the GSMA Open Gateway’s antifraud APIs, with strong interest from businesses already being reported. However, these are early […]
Indonesia e-commerce payments to surge by 15.5% in 2024, reveals GlobalData
The Indonesia e-commerce market is growing at a fast pace and is expected to surge by 15.5% in 2024, driven by the ongoing shift of consumer preferences from offline to online shopping, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Indonesia e-commerce market registered 18.3% growth in 2023 to reach […]
APAC automotive active and passive safety systems market to expand at 2.6% CAGR over 2023-28, forecasts GlobalData
The increased prevalence of automotive active and passive safety systems can be attributed to an array of factors, including a heightened awareness of safety concerns among consumers and government regulations aimed at improving safety standards. Against this backdrop, the active and passive safety systems market is forecast to post a compound annual growth rate (CAGR) […]
Cell and gene manufacturers benefit from surge in FDA drug approvals, says GlobalData
2023 marked a significant upsurge in FDA approvals, particularly for groundbreaking treatments such as cell and gene therapies. This surge highlights not just advancements in medical technology but also provides substantial opportunities for manufacturers specializing in these cutting-edge therapies. Looking ahead to 2024-25, the pharmaceutical industry braces for challenges marked by increasing drug approvals, innovative […]
India life insurance industry to surpass $216 billion by 2028, forecasts GlobalData
India’s life insurance industry is set to grow at a compound annual growth rate (CAGR) of 10% from INR9.3 trillion ($151.7 billion) in 2024 to INR13.5 trillion ($216.1 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance database, after slowing down in […]
Digital twins gaining rapid acceptance in oil and gas operations, says GlobalData
Digital twins are digital representations of physical assets, systems, people, or processes. They help detect, prevent, predict, and optimize the physical environment using artificial intelligence (AI), real-time analytics, visualization, and simulation tools. In case of oil and gas, digital twins can support the entire project lifecycle from the project design to commissioning. It can also […]
ESCMID Global 2024 echoes multidisciplinary calls to action, finds GlobalData
Working towards a multidisciplinary approach to navigate the future of infectious diseases has been a key theme at the 34th European Society of Clinical Microbiology and Infectious Diseases (ESCMID) Global* 2024 congress. Key concerns such as climate change and antimicrobial resistance (AMR) were underscored, emphasizing the need for collaborative efforts beyond traditional medical realms. Initiatives […]