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Singapore’s general insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.2% from SGD6.0 billion ($4.4 billion) in 2024 to SGD8.1 billion ($5.9 billion) in 2029, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database indicates that the general insurance […]
India startups raise $9.2 billion VC funding during January-October 2024, reveals GlobalData
A total of 984 venture capital (VC) funding deals were announced in India during January-October 2024 which was a year-on-year (YoY) improvement of 5.8% in deal volume. Meanwhile, the total disclosed funding value of these deals jumped by 44.4% YoY to $9.2 billion during the same period, according to GlobalData a leading data and analytics […]
India to dominate oil and gas transmission pipeline length additions in Asia by 2028, says GlobalData
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Pipelines Industry Outlook by Capacity […]
NAPCHD’s new guidelines signal shift in type 1 diabetes management for care home residents in UK, says GlobalData
The National Advisory Panel on Care Home Guidance (NAPCHD) has introduced a groundbreaking framework designed to transform type 1 diabetes management in care homes across England. The comprehensive guidance, “Type 1 Diabetes in Care Homes: A Practical Guide on Management,” is aimed at addressing critical challenges in managing diabetes among care home residents. By offering […]
UK VC funding rises 18.6% YoY to $14.3 billion during January-October 2024, reveals GlobalData
The UK witnessed the announcement of a total of 1,002 venture capital (VC) funding deals during January-October 2024, marking a year-on-year (YoY) decline of 11.4% in deal volume. However, the corresponding value of these deals improved by 18.6% YoY to $14.3 billion during the same period, according to GlobalData a leading data and analytics company. […]
Tech giants among key companies posting jobs around spatial computing, reveals GlobalData
Spatial computing is revolutionizing how businesses integrate digital and physical realms in real-time. The technology is utilized in augmented reality (AR), virtual reality (VR), and mixed reality (MR) applications to improve communication, collaboration, and productivity. Against this backdrop, companies across sectors including some tech giants are posting jobs related to spatial computing, reveals GlobalData, a […]
Singapore ICT market revenue to grow at 16.3% CAGR over 2023-2028, forecasts GlobalData
The enterprise information and communications technology (ICT) market in Singapore is expected to grow at a compound annual growth rate (CAGR) of 16.3%, driven by a vibrant tech ecosystem with thriving startup scenario, well developed communications infrastructure, and positive IT investment sentiment among enterprises in the country, forecasts GlobalData, a leading data and analytics company. […]
Unifying political framework will unlock full potential of AI-driven healthcare, says GlobalData
Artificial Intelligence (AI) has revolutionized healthcare, enhancing diagnostics, personalizing treatments, and improving patient outcomes. The rapid adoption of AI has led to a fragmented regulatory landscape in the US. Many states have introduced AI-specific legislation addressing data privacy and cybersecurity. For instance, states like California have enacted stringent consumer protection laws limiting personal data use, […]
Legal and ethical challenges shaping AI-driven clinical trials, says GlobalData
The integration of artificial intelligence (AI) in clinical trials has transformed healthcare by enhancing data analysis, predicting outcomes, and expediting drug development. However, this innovation comes with significant legal and ethical challenges, as AI systems rely heavily on vast datasets from clinical trials, raising concerns about consent, data origin, and ethical standards, says GlobalData, a […]
AstraZeneca’s AZD4041 failure major blow for non-opioid medications treating opioid addiction, says GlobalData
Opioid use disorder (OUD) is a chronic neurological disorder characterized by the compulsive, repeated use of opioid drugs, leading to prolonged self-administration. AstraZeneca recently terminated the development of an OUD drug, AZD4041, after the orexin 1 receptor antagonist demonstrated a drug-drug interaction with an antifungal during a Phase II trial. The failure of the trial […]
Men’s Health Awareness Month highlights need for early prostate cancer detection, says GlobalData
The month of November is dedicated to raising awareness regarding pertinent health issues affecting men such as mental health and suicide prevention, prostate cancer, and testicular cancer. Prostate cancer is the fourth most common cancer worldwide and the second most common cancer in men after skin cancer, according to the World Cancer Research Fund International. […]
Enterprise ICT market revenue in Australia to witness 12% CAGR over 2023-2028, forecasts GlobalData
The enterprise ICT market in Australia is anticipated to grow at a compound annual growth rate (CAGR) of 12%. This growth is driven by the ongoing digital transformation and technology modernization initiatives among the businesses and the government’s efforts to accelerate digitalization in the country, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Company discussions around spatial computing revolve around investments, innovations and collaborations, reveals GlobalData
Spatial computing is transforming how businesses integrate digital and physical environments, propelled by advancements in immersive technologies, cloud computing, and artificial intelligence (AI). The growing interest is evident in company filings, which showcase a transformative leap towards the convergence of real and virtual worlds. The recent developments, including strategic partnerships, product launches, and investments, underline […]
Japan’s measures to fight climate change to drive innovation in agri-food manufacturing sector, says GlobalData
Due to the escalating impact of climate change on food production, Japan is intensifying to safeguard the quality and sustainability of its food supply. The nation is rolling out innovative measures to address the challenges posed by unpredictable weather patterns, rising temperatures, and extreme natural disasters, which are increasingly threatening agricultural yields and food security. […]
UK FTTP altnets struggle amid fierce competition and market consolidation pressures, says GlobalData
The UK’s fiber-to-the-premises (FTTP) alternative network (altnet) providers face mounting challenges in competing with established telecom players. Despite substantial investments in infrastructure, many altnet operators struggle to achieve profitability, with limited market penetration and insufficient customer acquisition. As dominant providers strengthen their positions, market consolidation appears inevitable for these emerging challengers, says GlobalData, a leading […]
Product innovation crucial to succeed in price-competitive UK food & grocery market, says GlobalData
UK grocers must move beyond competing solely on price and prioritize innovation in their product offerings to attract a growing base of transient shoppers. Developing unique and diverse food ranges is essential to drive long-term growth and customer loyalty. With the food market expected to contribute £19.3 billion in sales to the UK food & […]
Trump tariffs to directly impact prices of majority of US medical devices, says GlobalData
US President-elect Donald Trump’s plans to impose tariffs on imported goods will affect the prices of approximately 75% of available US-marketed medical devices, which are manufactured out of the country. More specifically, the move will affect the 69% of available US-marketed devices that are manufactured solely outside of the US, according to Medsource Database, which […]
Connected and personalized care revolutionize home healthcare, says GlobalData
Healthcare is entering a transformative phase where home-based care is becoming a pivotal element of patient-centered delivery. At the heart of this shift is the concept of connective care, which bridges the gap between patients, physicians, and technology. Devices such as wearables, sleep trackers, and stress monitors now provide individuals with a 24-hour view of […]
Pharma dose CMOs face growth slowdown, but opportunities lie ahead, says GlobalData
Contract manufacturing revenues in the pharmaceutical finished dose sector witnessed a significant slowdown over the past financial year. Challenging market conditions, driven by drug pricing pressures, regulatory shifts, and geopolitical tensions, have reshaped the landscape, offering both hurdles and opportunities for contract manufacturing organizations (CMOs) to adapt and innovate amidst global generic shortages, reveals GlobalData, […]
Biologic therapies mark progress in severe asthma treatment and remission potential, says GlobalData
Biologic therapies are revolutionizing severe asthma management by targeting specific inflammatory pathways, shifting care from symptom control to potential remission. Real-world evidence underscores their efficacy across diverse patient profiles, including those with complex asthma cases. However, barriers such as cost and accessibility persist, highlighting the urgent need for equitable healthcare solutions to ensure widespread adoption […]