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While millennials desire active holidays more than any other generation, financial limitations mean that fewer of millennials are participating in particular types of sporting holidays, such as golf and skiing, according to GlobalData, a leading data and analytics company.
60% of the worlds megacities will be located in Asia by 2025, says GlobalData
A better lifestyle, riding on the promise of wealth creation through new job opportunities, has led to the expansion of cities’ borders to create megacities (defined as a population of over 10 million people) around the world, according to GlobalData a leading data and analytics company. The company’s City Economics Database reveals that close to […]
Indian banks can do more to make open banking obvious path to prosperity
Indian banking system is among the most convenient and trusted in the world, but Indian banks can do more to put consumer centricity to the core of their strategy and make open banking the obvious path to prosperity, says leading data and analytics company GlobalData. According to GlobalData’s Retail Banking, Customer Insight Survey, 2017, India […]
Need for supportive care in oncology will increase during the next decade
The need for effective supportive care in oncology will increase in the next decade as patients continue to live longer and cancer progresses to become more like a chronic disease. This includes the need for chemotherapy-related conditions, as chemotherapy will remain the backbone of cancer therapy for the foreseeable future, observes GlobalData, a leading data and analytics company.
World Cancer Day: What will 2018 mean for cancer research and treatment?
The theme of this year’s World Cancer Day held on 4th February of “We can. I can.” aimed to reinforce the public message that all individuals and groups can play their part in reducing the global burden of cancer. Indeed in recent years many events have involved collaborations between traditional drug developers, cancer treatment professionals and those of varying disciplines. Examples include the IBM Watson supercomputer which is helping physicians make treatment decisions and the development of other databases such as ASCO’s CancerLinQ which assists oncologists in monitoring and analyzing patient data.
Melanoma sales are projected to rise to $5.5bn in 2026
The value of the melanoma market was estimated to be $3.3bn across the seven major markets (7MM*) in 2016. This is expected to grow to $5.5bn in 2026, at a Compound Annual Growth Rate (CAGR) of 5.3%, according to GlobalData, a leading data and analytics company.
Digital technology should complement rather than replace face-to-face customer interaction in retail, says GlobalData
As technology is becoming a major competitive differentiator, retailers should look to complement traditional ways of customer interaction rather than completely replacing them to provide a successful omnichannel experience, says leading data and analytics company GlobalData. Technology has transformed how retailers operate, connect with and provide services to customers. Retailers are integrating customer records, interaction […]
Amazon, Berkshire Hathaway and JP Morgan healthcare announcement, comment from GlobalData
The announcement on Tuesday 30th January 2018 that Amazon, Berkshire Hathaway and JPMorgan are investigating ways to make health care more affordable and effective for employees and patients alike is a significant step in the intersection between health, tech and insurance. Jim Miller, President PharmSource, A GlobalData Company said: ”In their announcement the founders said […]
Global glaucoma market to reach $3.8bn by 2026
The total glaucoma market was estimated to be $2.6bn across the seven major markets (7MM*) in 2016. This is expected to grow to $3.8bn in 2026, at a Compound Annual Growth Rate (CAGR) of 4.1%, according to GlobalData, a leading data and analytics company.
Local retailers in Australia need to invest in technology to compete with Amazon, says GlobalData
Amazon’s ambitious foray into Australia may push local retailers to focus on segment-specific knowledge and invest in technology for survival, says leading data and analytics company GlobalData. Online retailer Amazon, which had long kept Australia on low priority list while expanding into less developed and smaller countries, finally launched its Australian e-commerce platform late last […]
Amazon launch in Australia could fire up Boxing Day online sales by 45%, says GlobalData
As Amazon Australia takes orders in time for Christmas, this year’s Boxing Day on line sales, the US equivalent of Black Friday, could see an increase of 45% compared to 2016, says GlobalData, a leading data and analytics company. The company’s latest consumer payments survey reveals that Boxing Day online spending on Australia’s largest annual […]
Multiple sclerosis disease-modifying therapies market to reach $25 billion by 2026
Sales for Multiple Sclerosis (MS) disease-modifying therapies (DMTs) were estimated to be $19.1 billion across the seven major markets (7MM*) in 2016. This is expected to grow to $25.3 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 2.9%, according to GlobalData, a leading data and analytics company.
China will remain world’s largest bottled water market to 2021, says GlobalData
The ever increasing thirst for quality water and health-conscious drinking habits will mean that China retains its position as the world’s biggest bottled water market to 2021, according to GlobalData, a leading data and analytics company. Growth in disposable income is also expected to help the country’s bottled water market stay ahead of major nations […]
Premium beer consumption in Vietnam more than doubled between 2011 and 2016
A storm is brewing for discount brands selling lower-quality products as Vietnamese beer drinkers are increasingly picking up premium and superpremium products from shelves, with premium beer consumption rocketing to 10 million hectoliters in 2016, according to GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Vietnam Beer and Cider Market Insights 2017’ states […]
Yakult shows how breaking with tradition can attract new consumer segments
Long-established brands like Yakult have demonstrated how to win consumer attention by being open-minded during product development, accommodative to changing consumer trends and bold enough to take risks in breaking brand tradition, according to GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Success Case Study: Everyday Yakult Probiotic Dairy Drink’ draws attention to […]
Right time for Parmalat’s Australian ‘lactose-free’ milk launch
The Australian lactose-free flavored milk category, accounted for 4.7% share of H&W flavored milk in 2016, and is set to be worth US$2.1 million by 2021 a Compound Annual Growth Rate (CAGR) of 4.1% for the period 2016-2021, according to GlobalData a leading data and analytics company. Dairy products are emerging as the breakfast of […]
Singapore’s pharmaceutical market value to reach $1.15 billion by 2021
Singapore’s pharmaceutical market is expected to expand from $903 million in 2016 to $1.15 billion by 2021, according to GlobalData, a leading data and analytics company.
Paradise Papers: wealth managers must brace for more regulation
The Paradise Papers are likely to cause little in the way of direct implications for offshore wealth managers in Asia-Pacific, according to an analyst with GlobalData, a leading data and analytics company. Andrew Haslip, Financial Services Head of Content for Asia-Pacific, says that all the latest release will do is stoke more political appetite for […]
What impact will repealing the ACA have on expanded Medicaid coverage
In October 2017, the Republican Party opted not to present its most recent healthcare bill, the Graham-Cassidy Bill, to the US Senate, once again halting its efforts to repeal the Affordable Care Act (ACA). As the latest attempt of many to replace the ACA, the bill has been highly controversial. Among the most debated measures in the bill is a provision for changing the federal government’s funding scheme for Medicaid programs, designed to restrict the potential for increases in federal spending on Medicaid.
Bright future for products and services improving sleep quality
It is well known that sleep quality has a vital baring on our overall health and wellbeing, as GlobalData, a leading data and analytics company, reviews what products and services will be prominent in this space, beyond over-the-counter drugs, and who is likely to benefit from them?