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South Korea general insurance industry to grow at 5.2% CAGR, driven by economic recovery and regulations, forecasts GlobalData

The general insurance industry in South Korea is poised for steady growth, with direct written premiums (DWP) expected to increase at a compound annual growth rate (CAGR) of 5.2%, from KRW34.1 trillion ($26 billion) in 2024 to KRW43.5 trillion ($33.3 billion) in 2029. This growth is driven by economic recovery, mandatory insurance regulations, and a […]
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Healthcare collaborations to pave way for enhanced diabetes management in Singapore, says GlobalData

Singapore faces a growing diabetes burden, driven by an aging population, lifestyle changes, and obesity. Traditional management methods such as glucose meters and insulin therapy have limitations, including delayed adjustments in treatment plans and a lack of real-time monitoring, resulting in less effective diabetes control. To bridge these gaps, healthcare providers and technology innovators in […]
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Technology can address food wastage challenge in India’s foodservice industry, says GlobalData

Food wastage remains a critical challenge for India’s foodservice industry, not only eroding restaurant profits but also intensifying environmental concerns in a country where millions suffer from undernourishment and malnutrition. Leveraging technology offers a dual advantage by mitigating food waste and promoting sustainable practices, thereby enhancing efficiency and supporting long-term industry growth, says GlobalData, a […]
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APAC automotive aftermarket consumables market to expand at 2.1% CAGR over 2023-28, forecasts GlobalData

The Asia-Pacific (APAC) region, being the most populous globally, has a large vehicle fleet, and the introduction of stringent emission standards across the region is driving demand for aftermarket consumables. By accelerating the need for timely replacement of service parts to ensure compliance with environmental standards, these regulatory measures are positively influencing the aftermarket consumables […]
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Vyvgart Hytrulo gains first APAC approval in China, redefining CIDP care, says GlobalData

China’s National Medical Products Administration (NMPA) approval of Zai Lab Limited and argenx’s Vyvgart Hytrulo (efgartigimod alfa injection) marks a transformative milestone in chronic inflammatory demyelinating polyneuropathy (CIDP) care, offering the first targeted therapy for this debilitating autoimmune disorder. This approval signals a paradigm shift in CIDP management, underscoring innovation’s role in improving patient outcomes, […]
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China enterprise ICT market revenue to increase at 10.2% CAGR over 2023-28, forecasts GlobalData

The Chinese government initiatives under the 14th Five-Year Plan and Vision 2025, coupled with robust 5G infrastructure and accelerated digital transformation in key sectors, will drive the total enterprise information and communication technology (ICT) market revenue in the country to grow at a compounded annual growth rate (CAGR) of 10.2% during 2023-28, according to GlobalData, […]
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Critical minerals shortages threaten international energy transition goals, reveals GlobalData

The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says […]
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US electrophysiology diagnostic catheter market set to grow at 10% CAGR from 2024 to 2033, forecasts GlobalData

The US electrophysiology (EP) diagnostic catheter market, particularly the segment for advanced EP diagnostic catheters, is projected to experience a robust compound annual growth rate (CAGR) of 10% in market value from 2024 to 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Electrophysiology Diagnostic Catheters Market Size by Segments, Share, Regulatory, Reimbursement, […]
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Jiangsu Hansoh ADC HS-20093 holds potential to set new standard in SCLC second-line treatment in China, says GlobalData

Jiangsu Hansoh Pharmaceutical Group Co Ltd has recently obtained approval for HS-20093, a B7-H3-targeted antibody-drug conjugate (ADC) to be included as Breakthrough-Therapy-Designated (BTD) Drug by the National Medical Products Administration (NMPA) of China for extensive stage small cell lung cancer (ES-SCLC) after standard first-line treatment. Against this backdrop, HS-20093 is expected to strengthen Jiangsu Hansoh […]
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US insurers face growing consumer demand for sustainability amid policy shifts, reveals GlobalData

A growing number of US consumers prioritize environmental practices in choosing their insurers, emphasizing the need for sustainability in the sector. Despite potential shifts in federal policies under President-elect Donald Trump, who opposes environmental, social, and governance (ESG) mandates, insurers must adapt to consumer-driven demands for eco-friendly initiatives to remain competitive, enhance customer trust, and […]
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Australia PET imaging systems market to grow at 3.6% CAGR through 2033, forecasts GlobalData

The rising prevalence of chronic diseases, such as cancer and neurological disorders, has driven the demand for advanced diagnostic tools in Australia. Positron Emission Tomography (PET) imaging, renowned for its high-resolution imaging capabilities, plays a vital role in diagnosing oncology, neurology, and cardiology conditions. Several key players are collaborating to deliver precision-focused products for PET […]
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Nubank dethrones Banco do Brasil as Brazil’s top main bank with digital-first innovation and financial inclusion, says GlobalData

Digital lender Nubank’s ascent to Brazil’s number one bank provider by dethroning Banco do Brasil, the country’s oldest bank founded in 1808, signifies a paradigm shift in the banking industry. By prioritizing digital-first strategies and financial inclusion, the neobank has reshaped consumer expectations, exposing legacy banks’ challenges in user experience and innovation, and setting a […]
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Australia gastroscopes market poised for 7% CAGR through 2033, forecasts GlobalData

Gastrointestinal (GI) cancers, especially in the stomach, colon, and oesophagus, are a major health challenge, impacting millions globally with severe symptoms like abdominal pain, weight loss, and bleeding. Endoscopes play a critical role in the early diagnosis and treatment of these cancers. As Australia is advancing in adopting innovative diagnostic tools, the gastroscopes market is […]
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Thailand foodservice industry shifts to cage-free eggs and sustainability to meet consumer demand, finds GlobalData

The growing ethical awareness among the consumers has led the Thailand foodservice industry to increasingly adopt sustainable practices. Many foodservice operators are opting for cage-free eggs and restaurants are placing greater importance on animal welfare. This shift not only addresses the evolving consumer expectations but also aligns with global food standards, reflecting the industry’s commitment […]
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Emirates highlights fleet modernization and customer experience upgrades in Q3 ad campaign, reveals GlobalData

Emirates’ third quarter (Q3) (01 July to 30 September) advertising campaign showcased a strong commitment to enhancing the customer experience through significant fleet modernization and innovative technology. The campaign, primarily focused on brand awareness, highlighted extensive refurbishment programs for both the Airbus A380 and Boeing 777 fleets, introducing new premium economy and business class seating […]
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