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The total venture capital (VC) funding value in the US surpassed $100 billion mark during the first 10 months of 2024, solidifying the country’s dominance in the global VC landscape. During this period, the US recorded $117.2 billion worth of VC funding deal announcements, reflecting a 17% year-on-year (YoY) growth compared to the $100.2 billion […]
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 […]
Global oil and gas contract value declines despite steady volume in Q3 2024, reveals GlobalData
The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from […]
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 […]
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 […]
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 […]
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, […]
India e-commerce payments to surpass $147 billion in 2024, forecasts GlobalData
The Indian e-commerce market is growing at a fast pace and is expected to surge by 23.8% to reach INR12.2 trillion ($147.3 billion) in 2024, driven by growing consumer preference for online shopping and strong internet penetration, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that India’s […]
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, […]
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 […]
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, […]
South Korea’s e-commerce market to grow by 10.2% in 2024, forecasts GlobalData
South Korea is rapidly emerging as a significant player in the e-commerce space and is expected to grow by 10.2% to reach KRW164.3 trillion ($125.8 billion) in 2024, forecasts GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that South Korea e-commerce market registered a strong CAGR of 12.6% between 2020 and 2023 […]
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 […]
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 […]
Saudi Arabia general insurance industry to surpass $28 billion by 2029, forecasts GlobalData
Saudi Arabia’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 8.9% from SAR68.8 billion ($18.4 billion) in 2024 to SAR105.3 billion ($28.1 billion) in 2029, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that Saudi Arabia’s general […]
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 […]
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 […]
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 […]
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 […]
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 […]