Latest news with #GlobalData
Yahoo
4 hours ago
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- Yahoo
Penumbra may gain market share in peripheral embolisation coils with Ruby XL
Penumbra has announced US Food and Drug Administration approval for its Ruby XL system, which includes three coils: the Ruby XL, the POD XL and the Packing Coil XL. The Ruby XL coil is a device used in vascular embolisation, a procedure to block or close off blood vessels, and can be used to frame large aneurysms, while the POD XL is designed for use in high-flow vessels and the Packing Coil XL is designed to adjust to the shape of any vessel up to 70cm in length. All Ruby XL system coils can be delivered through a 0.035-inch diagnostic catheter. The system is expected to enable Penumbra to increase its market share in peripheral embolisation coils, according to leading data and analytics company GlobalData. According to GlobalData's US healthcare facility invoicing database, Penumbra currently holds the majority market share for peripheral embolisation coils. Its new coil system allows for peripheral embolisation procedures to be done on a wider range of aneurysm sizes and in longer vessels. If the Ruby XL coil is widely adopted by physicians, Penumbra may be able to capture half the entire market. The approval of the new coil could put a bigger gap between Penumbra and its competitors in the market. Physicians may choose Ruby XL coils for their procedures in order to gain better control of large aneurysms. The Ruby XL system may come with cost savings for consumers as it delivers more volume per coil than other available coils. The average selling price (ASP) of these coils ranges from approximately $900 to $2,000. Already in the middle of this range with its current coils, Penumbra has a competitive advantage for new products. If they come in with a competitive ASP, Penumbra may displace competitor coils for relevant procedures. Penumbra stands to maintain its market lead and possibly increase its market share as the purchasing of the Ruby XL system begins. GlobalData will continue to monitor market trends as purchasing picks up. It is expected that facilities will begin purchasing these coils in June 2025. "Penumbra may gain market share in peripheral embolisation coils with Ruby XL" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
LNG exports to primarily drive North America's gas processing capacity additions by 2030
Natural gas processing in North America is experiencing a significant surge, driven by a confluence of factors including growing LNG (liquefied natural gas) exports, increased domestic demand and a strategic pivot towards cleaner energy sources. As the region capitalises on its abundant natural gas reserves to meet growing LNG demand, a significant increase in LNG liquefaction capacity is anticipated, particularly from the US and Canada, which will require corresponding increases in liquefaction and processing facilities. To meet the projected demand, new liquefaction plants and associated infrastructure are being developed in North America, leading to increased gas processing capacity. The US is a major player in this expansion, with plans to significantly increase its LNG export capacity. Growth will necessitate more gas processing infrastructure to handle the increased volume of natural gas being liquefied for export. Prudhoe Bay II is a major upcoming gas processing plant, with substantial capacity additions of 3.9 billion cubic feet per day (bcfd) during the outlook period. Alaska Gasline Development Corp is the operator as well as equity owner of this planned sweetening-type plant, which is set to become operational in 2030. Canada stands second, accounting for 1.3 bcfd of capacity additions by 2030. Arcres Attachie 05-20-084-24 002, Kobes Phase 1 and Kobes Phase 2 are some of the major gas processing plants with significant capacity additions by 2030. Mexico accounts for the remaining gas processing capacity additions in the region, with Papan Expansion accounting for all of the 150 mmcfd capacity addition by 2030. Coastoil Dynamic SA de CV is the operator of the planned fractionation plant, while Coastal Contracts Bhd and Nuvoil SA de CV hold 50% equity each in the plant, which will commence operations in 2025. Further details of global gas processing capacity and capital expenditure analysis can be found in GlobalData's new report, 'Gas Processing Industry Outlook by Capacity and Capital Expenditure with Details of All Operating and Planned Processing Plants to 2030.' "LNG exports to primarily drive North America's gas processing capacity additions by 2030" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
7 hours ago
- Business
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Addressing oil market turmoil from Iran-Israel
On 13 June, Israel launched an unprecedented wave of airstrikes on Iran, to which Tehran responded with hundreds of ballistic missiles fired at Israel. Panic ensued, reflected in prices, as benchmark Brent crude oil prices jumped 10% to over $77 a barrel by the start of the next week, amid a plethora of potential supply risks and uncertainty. The GlobalData Oil & Gas Research team addresses the main concerns and calibrates the market's potential overreaction to the Israel–Iran hostilities, looking to understand the Strait of Hormuz closure risk, the impact on Iran's oil infrastructure, the collateral effects on Egypt and Jordan, Insurance premiums and proxy escalations The likelihood of a complete closure of the Strait of Hormuz remains very low. Currently, around 30% of global seaborne oil trade and 20% of liquefied natural gas (LNG) shipments pass through this strategic chokepoint. Approximately 80% of oil and LNG exports from Gulf countries are shipped to Asian markets via the Strait, and all of Iran's oil exports to China also rely on this route. For Iran, there is no practical incentive to block the Strait, as it is an economic lifeline for the country: about 80% of its imported goods transit through this passage. Any move to close it would therefore jeopardise Iran's trade flows, as well as broader regional exports. Most of Iran's crude oil exports are shipped from Kharg Island in the Gulf. At present, the risk of a direct attack on the island appears limited, and even if targeted, such an action would likely be insufficient to halt Iran's oil exports entirely, as the island hosts multiple export terminals. Moreover, Iran has alternative export routes, including other ports such as Bandar Abbas and Bandar Mahshahr. The most notable alternative is the Jask pipeline, which bypasses the Strait of Hormuz and connects the western oil-producing regions to an export terminal on the Gulf of Oman. This pipeline was used to ship Iran's first crude cargo via Jask in October 2024. However, its export capacity is significantly lower than Kharg's terminals and does not support blended exports, so it could only serve to stabilise temporary disruptions and meet key deliveries. Iran's exports, primarily headed to China, are controlled through unofficial channels, using ship-to-ship transfers and reflagging and are unlikely to be affected by further sanctions. In fact, the escalating US-China trade tension provides a solid offtake for Iran's oil production. Egypt and Jordan are among the countries most affected by the recent escalation between Israel and Iran. On 13 October, Israel ordered the operators of the "Leviathan" and "Karish" gas fields to halt production, disrupting gas supplies to both Egypt and Jordan. In response, both countries are taking emergency measures to prevent household power outages, including the temporary shutdown of industrial facilities connected to the national grid. Egypt's fertiliser plants have been particularly hard hit. Despite the resumption of gas flows to Egypt and Jordan on Thursday, the ongoing military tensions and the risk of attacks on gas platforms in the East Mediterranean may prompt Israel to halt production again. War risk premiums have steadily been increasing globally, particularly in the Middle East. After the Israeli strikes on Iran, maritime war risk premiums saw an increase to 0.3% of vessel value, an increase of 60% from 0.125%. Further escalation, even cyber, could raise the cost of doing business throughout the Middle East. Though physical supply will remain intact, it has the possibility of driving prices upward as inflated delivered crude is supplied to Asia and Europe. The recent surge in oil prices following the Israeli attacks last Friday was primarily driven by market panic over the risk of a broader conflict and potential disruptions to regional energy supplies. This price movement does not reflect any fundamental shift in underlying market conditions. While a complete loss of Iranian oil exports remains unlikely, any supply gap could be offset relatively quickly. China currently holds elevated crude inventories, and OPEC members have the capacity and willingness to step in and increase output if needed to stabilise the market. The recent escalation of hostilities between Israel and Iran has undeniably sent shockwaves through the global oil market, evidenced by the sharp rise in Brent crude prices. However, a closer examination reveals that the fundamental dynamics of oil supply and demand remain largely intact. The likelihood of a complete closure of the Strait of Hormuz is minimal, as such an action would be economically detrimental to Iran itself. Furthermore, Iran's diverse export routes and the resilience of its oil infrastructure suggest that any disruptions to its exports may be manageable. While neighbouring countries such as Egypt and Jordan face immediate challenges due to gas supply interruptions, the broader implications for the oil market appear to be more reflective of speculative panic than of actual supply constraints. As the situation evolves, it will be crucial for stakeholders to monitor developments closely, particularly regarding insurance premiums and potential geopolitical ramifications, while recognising that OPEC's capacity to stabilise the market remains a significant mitigating factor against prolonged price volatility. For a detailed analysis of energy developments, major disruptions and comprehensive data, stay tuned to GlobalData's Oil & Gas Intelligence Center insights. "Addressing oil market turmoil from Iran-Israel" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Why enterprises increasingly adopt MDaaS
As businesses navigate the complexities of modern work environments, demand for mobile devices as a service (MDaaS) is growing, particularly among multinational corporations (MNCs) and larger enterprises. The subscription-based model allows organisations to manage their mobile device estates more efficiently while reducing capital expenditures. This flexibility is especially attractive to companies with diverse operational needs, as it enables them to tailor solutions to specific requirements without incurring unnecessary costs. One of the primary drivers of MDaaS adoption is sustainability. Enterprises are increasingly prioritising environmentally friendly practices in their technology choices, seeking solutions that align with their corporate social responsibility goals. The report highlights that many organisations now expect their technology providers to offer secure recycling and refurbishment options for devices. BT's Device Lifecycle Management service exemplifies this trend by promoting sustainable practices that ensure devices are reused or recycled, reflecting a growing commitment to the circular economy. John Marcus, GlobalData's lead analyst, emphasises the importance of sustainability in the MDaaS landscape. "Sustainability is no longer a luxury; it's a necessity," he states. "Organisations are transitioning from CapEx to OpEx models to access the circular economy while minimising resource consumption." This shift not only helps companies meet their environmental goals but also enhances their overall operational efficiency. The report also highlights the rising demand for modular and customisable offerings within the MDaaS market. Enterprises have learned from experience that one-size-fits-all approaches often lead to inefficiencies and employee dissatisfaction. Providers like Telefónica and Vodafone are responding to this need by offering tailored solutions that allow businesses to select specific features based on their unique operational requirements. This customisation is particularly appealing to larger enterprises, as it enables them to sidestep the pitfalls of traditional procurement methods while enhancing employee satisfaction. Looking ahead, the integration of advanced technologies such as AI and automation is expected to drive further innovation in the MDaaS landscape. Providers anticipate that AI-driven tools will enhance support, streamline logistics, and improve overall service delivery. As organisations increasingly rely on mobile devices for their operations, the need for robust security solutions also becomes paramount. While many providers offer security features as part of their MDaaS packages, there is still significant room for improvement in integrating these solutions seamlessly into the overall service offering. The report underscores that enhanced logistics and support services are critical components of MDaaS that drive ongoing customer demand. Organisations require reliable logistics to ensure device availability and continuity, particularly in multinational operations. Comprehensive management of the device lifecycle, from deployment to disposal, allows businesses to focus on their core operations without the burden of managing devices in-house. GlobalData expects that MDaaS will continue to account for a growing portion of enterprise mobile usage, with providers likely to broaden their offerings to include a wider range of devices, such as laptops and wearables. This diversification will cater to the evolving needs of enterprises as they adapt to evolving hybrid work models and increasingly complex operational environments. "Why enterprises increasingly adopt MDaaS" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
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Retail sales in US steady but inflation threat grows
Retail sales data from the U.S. Census Bureau show that core retail spending continued to rise in May, even as overall retail sales slipped. The figures suggest American consumers are managing in the face of trade policy uncertainty, though economists warn that inflation tied to tariffs could take hold later in the year. According to the Census Bureau, overall retail sales dropped by 0.9% in May compared to April, seasonally adjusted. However, sales were still 3.3% higher than in May 2024, unadjusted for seasonal variation. Core retail sales — excluding vehicles, fuel, and food services — rose by 0.1% month over month and climbed 3.9% year over year. The National Retail Federation (NRF), which tracks these core categories to gauge consumer spending on discretionary goods, reported a 4.4% year-over-year increase based on a three-month moving average. Sales in the first five months of 2025 were also up 3.9% compared to the same period in 2024. NRF Chief Economist Jack Kleinhenz noted that the current growth mirrors last year's pace and is supported by rising wages and an improved stock market. However, he warned that inflation linked to tariffs on imported goods could start to impact household budgets in the coming months. 'Consumers are seeing their way through the uncertainty with trade policies,' Kleinhenz said, 'but I expect the inflation associated with tariffs to be felt later this year. Consumers remain very price sensitive, and those costs are likely to weigh heavily on consumer budgets.' Although consumers appear resilient for now, the long-term effects of trade tensions and price increases remain a concern for retailers and economists alike. Separate data from the CNBC/NRF Retail Monitor, based on transaction data from Affinity Solutions, indicated that core retail sales rose by 0.23% month over month in May and 4.2% year over year. This represents a slowdown from April's figures, which showed growth of 0.9% month over month and 7.11% year over year. The trend suggests that while consumer demand remains strong, spending may begin to cool as households adjust to potential cost increases and economic uncertainty. The NRF continues to monitor monthly retail sales data closely and provides annual forecasts, including for critical shopping periods like the holiday season. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Retail sales in US steady but inflation threat grows" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
