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As the world’s second-largest economy, China has historically been a powerhouse for venture capital (VC) funding activity. However, the January-February 2025 data reveals a sharp year-on-year (YoY) decline of more than 20% in VC deals volume. Concurrently, the total deals value experienced a staggering more than 35% drop, reveals GlobalData, a leading data and analytics […]
Mobile service revenue in Japan to increase at 3% CAGR over 2024-2029, forecasts GlobalData
The total mobile service revenue in Japan is poised to increase at a compound annual growth rate (CAGR) of 3% from $46.9 billion in 2024 to $54.5 billion in 2029, mainly supported by the growth in mobile data service revenues, forecasts GlobalData, a leading data and analytics company. GlobalData’s Japan Mobile Broadband Forecast model (Q1 […]
Automotive industry’s sustainability efforts poised to reshape market dynamics significantly, says GlobalData
As the automotive industry moves towards a more sustainable future, integrating recycled materials into manufacturing processes is emerging as a pivotal strategy. With environmental consciousness becoming a fundamental mandate rather than a fleeting trend, the industry’s commitment to sustainability is poised to reshape market dynamics significantly, says GlobalData, a leading data and analytics company. The […]
Singapore mobile services to hit $2 billion in 2029 with 5G driving revenue stability, says GlobalData
The growing adoption of 5G services in Singapore is set to drive revenue stability and innovation in the telecom sector, counteracting the decline in mobile voice service revenue. By the end of 2029, the country’s total mobile service revenue is expected to reach $2.0 billion, maintaining a steady compound annual growth rate (CAGR) of 0.8% […]
Prices of orthopedic robots will drop 20-30% as compact systems and competition expand, says GlobalData
At the 2025 annual meeting of the American Academy of Orthopedic Surgeons (AAOS), many device makers presented the newest generation of orthopedic robots. Prices of orthopedic robotic systems are expected to decline due to market competition, technological innovation, and economies of scale. In the next five years, the prices may drop 20-30% as compact systems […]
South Korea and China stand at forefront of degrader antibody-conjugate development in oncology and other indications, says GlobalData
The emergence of degrader-antibody conjugates (DACs) has attracted much attention, with a potential to transform the precision medicine landscape. DACs aim to address the limitations of traditional antibody-drug conjugates (ADCs) that combine the specificity of antibodies with the potency of protein degraders. DACs represent an emerging class of targeted therapy, with South Korea and China […]
VC funding in US startups surges by more than 50% during January-February 2025, reveals GlobalData
The US venture capital (VC) funding landscape remains robust, characterized by a significant increase in total funding value during January-February 2025 compared to the same period in the previous year, even though there was a slight decline in deal volume. The data indicates that while the VC deal volume in the US experienced a year-on-year […]
FDA drug approvals drop 15.44%, but smaller pharma leads innovation, reveals GlobalData bio/pharmaceutical outsourcing report
Innovator and biosimilar drug approvals by the FDA have declined by 15.44%, from 149 in 2023 to 126 in 2024. Despite this downturn, the landscape of pharmaceutical innovation remains vibrant, particularly among smaller companies, which are making significant strides in addressing unmet medical needs, says GlobalData, a leading data and analytics company. GlobalData’s Bio/Pharmaceutical Outsourcing […]
Mobile service revenue in Australia to increase at 3.4% CAGR over 2024-2029, forecasts GlobalData
The total mobile service revenue in Australia is poised to increase at a compound annual growth rate (CAGR) of 3.4% from $9.6 billion in 2024 to $11.3 billion in 2029, supported by growth in mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s research reveals that the growth in mobile […]
World Tuberculosis Day 2025: Funding cuts threaten global TB control efforts, says GlobalData
World Tuberculosis (TB) Day is marked annually on 24 March, the anniversary of the discovery of the causative mycobacterium by Dr Robert Koch. This year’s theme – “Yes! We Can End TB: Commit, Invest, Deliver” – serves as an important reminder of the need for continued investment and funding in order to end the TB […]
Medtronic’s Evolut trial outcome could shake up US TAVR market, says GlobalData
Medtronic has released results from the two-year point of a clinical trial comparing its Evolut to Edwards Lifesciences’ SAPIEN. The results revealed that the Evolut showed superior performance to the SAPIEN. Specifically, the Evolut showed significantly less BVD, five times less prosthetic valve thrombosis, and nine times less hemodynamic structural valve dysfunction. The clinical trial’s […]
New Zealand general insurance industry to reach $9.6 billion by 2029, forecasts GlobalData
The New Zealand general insurance industry is projected to grow at a compound annual growth rate (CAGR) of 8.3% from NZD11.8 billion ($7.1 billion) in 2024 to NZD16.3 billion ($9.6 billion) in 2029, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s latest report “New Zealand General […]
China to drive global polyolefins capacity additions through 2030, says GlobalData
China is set to drive the global polyolefins capacity additions, occupying a share of 29% by 2030, as both demand and supply of polyolefins are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Polyolefins Market Analysis and Forecast by Products, Capacity Additions, Top Countries and […]
5G to drive New Zealand mobile service revenue growth during 2024-2029, forecasts GlobalData
New Zealand’s mobile services revenue is poised to increase at a compound annual growth rate (CAGR) of 2.6% from $1.5 billion in 2024 to $1.8 billion in 2029, driven by the nationwide network expansion by operators to support the rising demand for high-speed connectivity and data-centric services and the subsequent increasing 5G adoption, forecasts GlobalData, […]
Blood cancers dominate CAR-T pipeline, reveals GlobalData
Chimeric antigen receptor T-cell (CAR-T) therapeutics have emerged as a dominating cancer treatment within cell and gene therapies (CGT). The CAR-T landscape is dominated by blood cancers, with industry leaders like Bristol Myers Squibb at the forefront of this revolution, driving advancements that have the potential to redefine treatment paradigms for blood cancers, such as […]
GlobalData Country Risk Index shows slight drop in Q4 2024
The global economy stands at a crossroads, balancing trade policy uncertainty and geopolitical tensions against easing price pressures. The latter is supporting a revival in domestic demand and providing central banks with room for potential rate cuts. Against this backdrop, GlobalData, a leading data and analytics company, reports a slight drop in the GlobalData Country […]
Robotic surgical systems market in China to grow at 12% CAGR through 2036, forecasts GlobalData
The robotic surgical systems market in China is projected to experience significant growth, with a forecasted compound annual growth rate (CAGR) of approximately 12% through 2036. This growth is mainly fueled by innovations in artificial intelligence (AI)-powered robotic assistance and the rising elderly population leading to an increase in need for surgical interventions, reveals GlobalData, […]
Mobile service revenue in China to increase at 2.5% CAGR over 2024-2029, forecasts GlobalData
The total mobile services revenue in China is poised to increase from $139.2 billion in 2024 to $157.3 billion in 2029 at a compound annual growth rate (CAGR) of 2.5%, mainly driven by healthy growth in mobile data services segment, reveals GlobalData, a leading data and analytics company. GlobalData’s research reveals that growth in mobile […]
APAC deal activity faces challenges in early 2025, but some pockets of growth exist, finds GlobalData
The Asia-Pacific (APAC) deal landscape has experienced a notable shift in early 2025, reflecting a complex interplay of market dynamics and economic conditions. In the first two months of 2025, the total deal volume* in the APAC region has seen a decline of approximately 8% compared to the same period in 2024. However, few countries […]
NHS approval of endometriosis therapy Ryeqo enhances patient care, eases healthcare strain, says GlobalData
The National Health Service (NHS) in England has approved Gedeon Richter’s Ryeqo, the first long-term pill available for endometriosis for patients who have exhausted all other treatment options. The approval addresses the long-standing gap in long-term treatment options for endometriosis, improving overall disease management while easing the burden on healthcare resources, says GlobalData, a leading […]