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Laos’ Ministry of Energy and Mines (MEM) has set a goal to reach hydropower capacity of 12GW by 2025 and 20GW by 2030, with the objective of facilitating regional exports. The nation is poised to export renewable electricity to Thailand, Cambodia, and Vietnam, and to a lesser extent, to Myanmar and Malaysia. Against this backdrop, […]
GlobalData highlights tariff implications on nephrology and urology market
The Trump Administration’s tariffs on most US trading partners are expected to impact all 510(k)-approved medical devices manufactured outside of the US (OUS). Thus, companies with OUS manufacturing will be affected by tariffs, while companies that exclusively manufacture in the US will not be impacted. Therefore, to remain competitive in the US market, nephrology and […]
GlobalData forecasts ADC NSCLC market to reach $3.9 billion in 2032
Despite the FDA first approving Pfizer’s antibody-drug conjugate (ADCs) Mylotarg (gemtuzumab ozogamicin) in 2000, it was not until 2022 for non-small-cell lung cancer (NSCLC) to see its first ADC approval, AstraZeneca’s and Daiichi Sankyo’s Enhertu (trastuzumab deruxtecan), for human epidermal growth factor receptor (HER) 2-mutated patients. Following this approval, the ADC market in NSCLC is […]
Layoffs mark Q1 2025 job market, but banking and tech roles show resilience, reveals GlobalData
Posted jobs experienced a 10% decline YoY in Q1 2025 US headquartered companies led in job postings Banking and payments sector trends with high growth Technology sector had significant number of job postings The global job market dynamics in the first quarter (Q1) of 2025 revealed a negative year-over-year (YoY) trend, as several companies announced layoffs […]
India’s consumer lending market to surpass $720 billion in 2025 amid rising credit demand, forecasts GlobalData
The consumer lending market in India is expected to grow by 4.9% to reach $724.2 billion in 2025 supported by robust economic growth, urbanization and growing consumer demand for housing, vehicles, and consumer durables. Despite global headwinds, India’s growing middle class, improving disposable incomes, and supportive monetary policies continue to propel credit demand, solidifying the […]
UK Father’s Day spend to rise 1.8% in 2025, but retailers must act to unlock full potential, says GlobalData
Father’s Day spending in the UK is set to rise by 1.8% in 2025 to reach a value of GBP1,123 million. While projected growth suggests that Father’s Day will outperform its female counterpart, Mother’s Day, this year (+1.4%), spending will be bolstered by persistent inflation rather than an uplift in consumers participating in the event. […]
UK VC funding up by 31% YoY during January-April 2025, finds GlobalData
The venture capital (VC) funding landscape in the UK has demonstrated notable resilience in terms of value during early 2025, despite experiencing a decline in deal volume. The UK recorded a decrease of around 13% in VC deal volume during January-April 2025 compared to the same period in the previous year. Meanwhile, the UK’s VC […]
China’s biopharma commands $30 billion in oncology licensing deals, triples US output in 2024, reveals GlobalData
China’s biopharmaceutical sector experienced a notable increase in oncology drug licensing deals in 2024, particularly for monoclonal antibodies (mAbs) and antibody-drug conjugates (ADCs), with a combined deal value of $30 billion. The mAbs and ADCs licensed from Chinese biopharma accounted for 89% of all molecule types, with the total deal value being three times that […]
2025 World Snooker Championship sees $1.71 million sponsorship amid digital surge and commercial shift, reveals GlobalData
The 2025 World Snooker Championship highlighted the evolving commercial landscape of the sport, generating an estimated $1.71 million in sponsorship revenue despite a 20% drop in naming rights value. A last-minute title deal with British workflow automation software brand Halo and record-breaking digital viewership reflect strong audience demand, while growing interest from China and Saudi […]
Puma’s advertising campaigns showcase partnerships across multiple sports with athlete narratives, reveals GlobalData
Puma’s YouTube advertising campaigns from February to April 2025 showcase its presence in various sports, such as running, football, cricket, and motorsport. These advertisements convey a narrative centered on individual athletic achievement, team camaraderie, and the pursuit of excellence. By highlighting personal journeys of perseverance and incorporating dynamic visuals of competitive environments, Puma’s messaging aims […]
2025 Indian Premier League estimated to generate $105.31 million in sponsorship revenue, reveals GlobalData
Six brands partnered with the 2025 edition of the Indian Premier League (IPL), with Tata Group holding the largest sponsorship agreement with the league in terms of annual value, worth an actual value of INR 5,000 million ($60.15 million). Tata has agreed to serve as the league’s title sponsor. Wonder Cement was the only new […]
GenAI VC funding in early 2025 highlights widening gap between US and China, finds GlobalData
Generative artificial intelligence (GenAI) continues to capture the venture capital (VC) investors’ attention, with funding in the US soaring past $50 billion in the first five months of 2025 alone. Despite a rebound in early 2025, China still trails significantly due to regulatory headwinds, highlighting a widening gap between the two markets in their pursuit […]
KDCA and SK bioscience forge ahead to shield South Korea against future pandemic influenza threats, says GlobalData
South Korea has launched the Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program, led by the Korea Disease Control and Prevention Agency (KDCA) in collaboration with SK bioscience. This proactive initiative is expected to significantly strengthen and prepare the nation against emerging influenza threats, says GlobalData, a leading data and analytics company. This government-led […]
Tariffs to push healthcare facilities to stock up medical devices, says GlobalData
With the surge in tariffs imposed by and on the US, the medical device industry is likely to be impacted in several areas. Cost, supply chain, and market competitiveness will be altered if companies cannot afford to offset tariff costs. In response to medical device companies, healthcare facilities may stock up on medical devices to […]
Digital wallet market in Australia to surpass $130 billion in 2025 amid cashless shift, forecasts GlobalData
Digital wallet adoption is accelerating rapidly in Australia, with transaction values projected to grow by 20.8% in 2025 to reach AUD201.3 billion ($132.9 billion). This surge is fueled by the shift towards cashless payments, rising smartphone usage, and broader acceptance of NFC and QR-based solutions—highlighting the growing role of digital wallets in Australia’s evolving financial […]
China VC funding value plunges by around 50% YoY during January-April 2025, finds GlobalData
The venture capital (VC) funding activity in China has experienced a notable contraction in the first four months of 2025, with the latest data showcasing a decline in both deal volume and value, signaling a challenging environment for startups and investors alike. The total number of VC deals announced in China fell by around 16% […]
South Korea PCR systems market to grow at 4% CAGR through 2036, forecasts GlobalData
As South Korea continues to strengthen its healthcare infrastructure in the face of emerging infectious diseases, the role of advanced diagnostics has become more critical than ever. Against this background, the market for Polymerase Chain Reaction (PCR) systems in South Korea is projected to grow at a 4% compound annual growth rate (CAGR) during 2025-36, […]
Ionis’ Olezarsen to achieve global sales of approximately $849 million by 2032, forecasts GlobalData
Ionis Pharmaceuticals has announced positive topline results from the ESSENCE study evaluating Olezarsen in individuals with moderate hypertriglyceridemia who are at risk of atherosclerotic cardiovascular disease (ASCVD). Upon approval, the drug is projected to achieve global sales of approximately $849 million by 2032, according to GlobalData, a leading data and analytics company. The study met […]
APAC automotive infrared reflective glazing market to record 1.0% CAGR over 2024-29, forecasts GlobalData
The automotive sector in the Asia-Pacific (APAC) region is witnessing a transformative shift driven by advancements in glazing technology, particularly infrared-reflecting (IRR) glazing. This innovative technology is revolutionizing passenger comfort and energy efficiency in vehicles. As automakers embrace larger glazing areas and panoramic roofs, the APAC IRR glazing market is expected to record a compound […]
Taiwan commits to multi-layered defense modernization amid heightened regional tensions, observes GlobalData
Taiwan is undertaking a comprehensive, multi-layered defense modernization effort, driven by rising security threats and the imperative to deter potential aggression from China. With defense spending projected to reach $23.5 billion in 2030, Taiwan is prioritizing advanced air, naval, and unmanned systems, while also strengthening logistics and support infrastructure to enhance resilience and sustain prolonged […]