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Artificial intelligence (AI) continues to be a lucrative technology space with the majority of startups either managing to secure venture capital (VC) backing or being involved in the thick of merger and acquisition (M&A) deal activity during 2014-2018. As a result, the race to fund or acquire AI-startups reflects the impact AI can have across […]
Spanish outbound tourism set to be worth US$64bn by 2021, says GlobalData
Spanish outbound tourism is expected to grow from US$47.9bn in 2019 to US$64bn in 2021, expanding at a compound annual growth rate (CAGR) of 15.6%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report; ‘Tourism Source Market Insight: Spain – Analysis of tourist profiles & flows, spending patterns, destination markets, risks and […]
Germany’s partnership with CARB-X is a critical step in the global push against antibiotics resistance, says GlobalData
Following the news on March 14, 2019 that Germany’s Federal Ministry of Education and Research (BMBF) has committed €40 million to CARB-X for early development of antibiotics, Paul Jeng, PhD, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view on global efforts to combat the threat of antibiotics resistance: “Antimicrobial resistance […]
Asia will contribute 40% of global refinery hydrocracking units capacity additions by 2023, says GlobalData
Asia is expected to be the major contributor to the growth of the global refinery hydrocracking units industry between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Refinery Hydrocracking Units Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Hydrocracking […]
Recent production revival and potential for further resource development makes Eagle Ford shale a promising prospect
During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData, a leading data and analytics company. The company’s latest market analysis report: ‘Eagle Ford Shale in the US, 2019 – Oil and Gas Shale Market Analysis and Outlook to 2023’ reveals that the shale play has […]
Tourist arrivals to ASEAN will reach 155.4 million by 2022, says GlobalData
The number of international visitors to the ASEAN region is expected to grow at a compound annual growth rate (CAGR) of 4.72% from 129.2 million in 2018 to 155.4 million in 2022, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insights: ASEAN’, reveals that each country in the region […]
China and Nigeria to propel capacity growth in the global refinery crude distillation units industry to 2023
China and Nigeria are expected to be the major contributors to the global refinery crude distillation unit (CDU) industry capacity growth from new-build and expansion projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Refinery Crude Distillation Units (CDU) Outlook to 2023 – Capacity and Capital […]
Emergency order grounding 737 MAX aircraft in the US casts major doubt on the plane’s immediate future, says GlobalData
Last night’s (March 13 2019) announcement that the FAA is grounding 737 MAX 8 and MAX 9 jets casts serious doubt on the plane’s immediate future. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, offers his view on the matter: “With the US and Canada now joining the likes of Australia, China, and […]
Asia will contribute 39% of global refinery fluid catalytic cracking units capacity additions by 2023
Asia is expected to be the major contributor to the growth of the global refinery fluid catalytic cracking units (FCCU) industry between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details […]
Consumer discretionary and information technology sectors dominate list of S&P 500 companies, reveals GlobalData
Consumer discretionary and information technology sectors remained the top sectors, with each representing 15.2%, in the list of S&P 500 companies as of 31 January 2019, according to an analysis by GlobalData, a leading data and analytics company. IMAGE FOR PUBLICATION: PLEASE CLICK HERE The two top sectors were followed by financials (13.8%), industrials (13.2%), […]
Global pacemakers market expected to reach $4.1bn by 2028, says GlobalData
Driven by increasing prevalence of sinus node dysfunction in the ageing population, the global pacemakers market is expected to grow at a compound annual growth rate (CAGR) of 2% and reach $4.1bn by 2028, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Pacemakers – Cardiovascular Market Analysis and Forecast Model‘, […]
In the event of a ‘no deal’ Brexit, UK healthcare industry will take years to stabilize, says GlobalData
It may take up to five years for the healthcare industry to stabilize in the event of a ‘no deal’ Brexit. This is the consensus opinion among professionals surveyed in the pharmaceutical industry, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Brexit and the Healthcare Industry – Implications for Pharma – […]
India’s construction industry regains growth momentum driven by affordable house building initiative, says GlobalData
Positive developments in economic conditions, improvement in investor confidence and investments in transport infrastructure, energy and housing projects have helped the Indian construction industry regain growth momentum in 2018, with output value increasing from US$464.9bn in 2017 to US$505.7bn, says GlobalData, a leading data and analytics company. The company’s report: ‘Construction in India – Key […]
Pfizer’s Trazimera set to challenge Roche’s Herceptin as fourth competitor in HER2 Positive oncology market, says GlobalData
On 11th March 2019, Pfizer Inc announced the FDA had approved Trazimera (trastuzumab-qyyp), a biosimilar to Roche’s Herceptin (trastuzumab) for the treatment of human epidermal growth factor receptor-2 (HER2) overexpressing breast cancer and HER2 overexpressing metastatic gastric or gastroesophageal junction adenocarcinoma. Amrita Gujral, Pharma Analyst at GlobalData, a leading data and analytics company, offers her […]
Italy’s abrupt return to mandatory childhood vaccinations will reduce the impact of vaccine hesitancy, says GlobalData
Following the news on March 12, 2019 that young children in Italy will be required to provide evidence that they have received the recommended vaccinations in order to attend nursery or kindergarten, James Mather, MChem, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view on the future impact of Italy’s return […]
Estée Lauder targets young millennials to tap China’s booming cosmetics and toiletries industry, says GlobalData
Estée Lauder’s plan of shifting its focus away from older consumers to tap into the China’s booming cosmetics industry, which is led by young millennials, is part of the beauty cosmetic giant’s long-term investment strategy in the country, says GlobalData, a leading data and analytics company. The company reported strong net sales of $4.01bn for […]
Boeing must act quickly to save the 737 as airlines ground planes in wake of Ethiopian Airlines crash, says GlobalData
Boeing must act quickly to save the 737 as airlines ground planes in wake of Ethiopian Airlines crash, says GlobalData The fatal crash of Ethiopian Airlines Flight 302 on 10th March 2019 has cast fresh doubt on Boeing’s 737 jet. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, offers his view: “The Ethiopian […]
Raised forecast adds to improved outlook for UK upstream production
Following the latest forecast from the UK Oil and Gas Authority (OGA) for the UK’s offshore sector, Jonathan Markham, Senior Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his insight on the future of the UK’s upstream sector: “After five years of production growth, the base outlook from the […]
Withdrawal of India’s GSP benefits can impact over US$5.6bn worth of exports to US, says GlobalData
The US has recently announced plans to withdraw duty benefits on Indian products under the Generalized System of Preferences (GSP) scheme having accused India of not providing reasonable access to its markets. Reportedly, India is one of the largest beneficiaries of the program, with more than US$5.6bn* worth of commodities exported to the US under […]
Thailand looks to bolster leadership position in medical tourism with focus on medical robotics, says GlobalData
With an outstanding medical foundation that includes various internationally accredited medical facilities, qualified healthcare specialists and premium medical services along with a focus on medical robotics, Thailand is well-positioned to be the medical hub of Asia, according to GlobalData, a leading data and analytics company. Medical tourism is one of the main sectors driving the […]