Artificial Intelligence
Hortiflorexpo IPM Shanghai 2019: Making Further Progress
The 21st Hortiflorexpo IPM Shanghai has been successfully launched from 20th to 22nd April 2019 in Shanghai New International Expo Center with almost 900 exhibitors and 52,362 visitors.
Organized by China Flower Association, managed by Shanghai Intex Exhibition Co Ltd and China Great Wall Exhibition, the 21st Hortiflorexpo IPM Shanghai has been successfully launched from 20th to 22nd April 2019 in Shanghai New International Expo Center. Being well known as the flagship exhibition in Asia’s floriculture, horticulture and garden industry, Hortiflorexpo IPM Shanghai 2019 has welcomed 52,362 visitors and continues to enhance the new image and reflection which based on its international reputation and profession.
Refined classification, various features of exhibits with an expanded show scale
Compared with 2017’s show, Hortiflorexpo IPM Shanghai 2019 has increased to 4 exhibition halls, covering nearly 50,000 square meters, with an exhibition area increased by 25%. On the basis of keeping the product categories, the show further optimizes the characteristic products of each hall and outdoor display, gardening landscapes and flower landscapes. It has gathered nearly 900 exhibitors from 30 countries and regions includes the Netherlands, Germany, France, Italy, Britain, Australia, Belgium, Poland, Denmark, Sweden, Spain, the United States, Canada, Israel, Turkey, Ireland, Estonia, Ecuador, Colombia, Ethiopia, Kenya, the United Arab Emirates, Japan, South Korea, India, Finland, Latvia, Mainland China, Hong Kong SAR and Taiwan.
During the show, countries and regions from the Netherlands, Germany, Ecuador, Colombia and Taiwan participated in the form of pavilions, which expanded the original scale and concentrated on displaying the latest products and concepts of this country and region. Fresh blood such as Estonia, Latvia, Spain and Finland have brought not only distinctive products, also broader business opportunities.
The field exhibits cover a wide range of fresh cut flowers, potted flowers, ornamental plants, green seedlings, seeds and bulbs, biotechnology, engineering design, floricultural materials, garden machinery, greenhouse, irrigation, tissue culture, garden furniture, urban landscape, cold chain preservation and various related products.
Diverse exhibits bring a refreshing look to the visitors and exhibitors. While maintaining the regular clients, the show also welcomes more domestic and foreign brands, such as home gardening leader – Karcher GMBH from Germany, Dutch high quality flowers – Holex Flower, the Israel seed expert – Danziger Flowers, garden and household soft outfit one-stop platform – EverGreen Shanghai and famous domestic rose brand – “Sirius Rose“, etc.
Show feature of constant flower arrangement show and industrial forums
Hortiflorexpo IPM Shanghai 2019 features 16 world-renowned floral artists from Germany, Japan, South Korea, Taiwan and Mainland China to present their distinctive flower arrangement. Various floral arts such as European flower art, Japanese Sogetsu Ryu, Ohara Ryu, Chinese cultural flower arts has been live broadcasted by two large scaled LED screen during the 3 days show time. Surrounded by the bouquets of floral arts, the stage of Hortiflorexpo IPM Shanghai’s flower arrangement show has attracted almost 3000 audiences. Floral artist includes:
Michael Liebrich — the champion of 2018 German Florist Designs, the first guest of 2019 IPM flower arrangement show. His flower design has unique style and technique, both colors and materials highlights his respect for nature.
Okamoto Sesyu –– lecturer of Sogetsu Ryu in Japan headquarter. She has carried out large-scale space installations in historical and cultural architectures such as Osaka city, her avant-garde art works have been praised by many people. Japan is not her only stage; she has been one of the representatives of Sogetsu Ryu to perform in Thailand business space at the 81st birthday celebration of the princess of Thailand. She also performs in Singapore for many times.
Wan Hong –– the founder of “Yi Hua Dao“, devotes to spread Chinese flower culture. He is the champion of the first China Cup Flower Design Contest in 2002.
Myeon OH –– the founder of Oh Myeon Floral Art School. He has many awards including: the special award of 2005 Korea Cup Flower Design Contest and 2013 IHK Cup Flower Design Contest, as well as the 6th winner of 2019 World Cup Flower Design Contest.
Chen Chuixun – has amazing integration ability on deferent floral materials. He is the champion of 1997 Taiwan Cup Flower Design Contest and won the first place of International Overall Image Design of the 2010 Gentse Floralien Belgium.
As the other feature of Hortiflorexpo IPM Shanghai 2019, its industrial forums and conference continue to present different topics around the industry with the combination of latest trends, technologies and cooperation opportunities in worldwide. Those forums offer advanced business ideas, practical case studies and new trends which have attracted almost 1200 audiences and horticultural lovers during the show time. Together with the attendees, fringe programs have built a bridge that well integrates information communication, technological exploration and market operation.
1) Lecture of Flower Border in China
Recently, city landscape departments in China are paying more attention on the landscape of urban intersections and street gardens. As a leading city of city landscape design, Shanghai has accumulated a lot of experience. Shen Ruixue, the director of Shanghai Shangfang Garden Plant Institute, shared some cases of the utility of the new shrubs and perennial flowers in Shanghai.
2) Seminar on Sustainable Horticulture Development – Experiences in the Netherlands
The Agricultural Department of the Kingdom of the Netherlands Embassy in Beijing and Consulate General in Shanghaiorganized a seminar on Sustainable Horticulture Development – Experiences in the Netherlands. Four topics are focused: a.) Hi-tech Greenhouse Technology in the Netherlands; b.) Circular Horticulture – New practice; c.) Consumption Trends of Floriculture Products; 4.) New Concept Design of Flower Parks in the World.
3) Vertical Greening Forum – Ecological garden construction in Xiong An New District
Cooperated with China Green Roof Council, this forum focuses on the latest ecological garden construction in Xiong An New District and its hotspot. With both theoretical and practical content, this forum discusses the utilization of plants, vertical greening and sponge city and discovers its future prospect with industrial peers.
4) Garden Centre Form – Current Status of Chinese Garden Centre and Its Future Trend
It’s only 10 years after Garden Center entered Chinese market. As a new model of horticultural retail, it is difficult to develop in China. How is the current status? What are the future trends? This forum has invited Li Cheng, the president of international garden center association (China branch) and Paul Geoffrey Pleydell (director of garden center) to share cases and interact with audience.
5) Breeding & IPR Forum – Workshop on Breeders for Ornamental Plants in China
It has been 20 years for China to develop its breeds of ornamental plant and IPR. In order to meet the needs of both domestic and abroad ornamental plant industry, this forum has invited domestic authorities, private breeders, practitioners of flower variety protection, international institutes and enterprises have a conversation about topics involving ornamental plant variety protection development and current situation in China, the way to protect the IPR of ornamental plants’ new breed and the management of Holland cut flowers new breed.
6) A Face to Face Talk with Growers – Protective Flower Planting Seminar
In order to share the latest technology and experience of domestic protective planting among industrial peers, show management cooperates with Facility Agriculture Sub-Association of China and Greenhouse Horticulture Magazine to present this seminar. During the seminar, business running ideas, trends, technologies, marketing demands and current problems are shared and discussed with domestic flower growers and professionals.
7) Florist Operating Form -2019’s New Trend of Florist Retail
Both upstream and downstream enterprises in the industries such as native florist store, wholesaler, base manufacturer and e-commerce mall have participated in terminal sales. How will the florists reform? Online and offline representatives are invited to analyze the new trend of China’s florist retail market in 2019.
8) Home Gardening Forum – Garden Life Seminar of Huabaike (Shanghai)
With the upgrading domestic consumption recently, domestic horticulture consumption gradually moves towards the consumption market. This forum is jointly undertaken by the show management and Huabaike.com, with horticultural influencers invited to have a face-to-face talk with horticultural lovers.
9) Seminars
In addition to the forums, there are also industrial seminars to share the latest technology cases in 2019 and discuss its future trends.
Anti-corrosion Application of Cold Galvanizing Compound on Steel Structures of Green House Industry
The presentation introduces the anticorrosion application of ROVAL Cold Galvanized Compound on steel structures of greenhouse in Japan and offers useful experience with ROVAL Cold Galvanized Compound from its Japanese customers. It also mentions the technical difficulties in the development of Aqua ROVAL Cold Galvanizing Compound, and the results of the corrosion test, mechanical test and chemical resistance test of Aqua ROVAL Cold Galvanizing Compound showing that waterborne of ROVAL Compound has not weakened its anti-corrosion performance.
Greenhouse Automated Precision Growing (APG)
New growing system for massive commercial production in greenhouse is introduced. The system combines modern information technology, electrical automation technology, biotechnology, engineering technology, artificial intelligence technology, mechanical process principle and a series of results, import industrial automated production lines, to achieve automatic soilless cultivation and production of crops from sowing to mature harvesting.
International Garden Center Purchasing Fair
This meeting introduces some high-quality horticultural products such as the German flower pot brand “emsa”, the Czech flower pot brand “Plastia”, and the German flower pot brand “Lechuza”, etc.
Outdoor landscaping display
In addition to various kinds of exhibits, there are 5 landscape design displays and 2 art displays throughout the exhibition site, which respectively created by industry leaders to construct unique spring plant landscape and floral arts. Traditional cultural collection, dazzling displays of flower art, as well as the real garden that covering hard landscape, soft decoration, flowers, waterscape, intelligent lighting, various designs make Hortiflorexpo IPM Shanghai 2019 a visual green gallery.
Exhibitor Feedback
Hortiflorexpo IPM Shanghai 2019 has nearly 900 enterprises from homeland and abroad to participate in the exhibition, with a wide variety of exhibits and a cluster of new technologies and products. The 3-day exhibition not only brings valuable professional information, technology and the bridge of trade communication to regular and new exhibitors, but also expands new market opportunities for them. The show has gained high recognition and evaluation from both domestic and foreign exhibitors.
Although its booth fee is not cheap, we are willing to take 72 sqm to display our products mainly because of its impressive results of participating in Hortiflorexpo IPM Shanghai. The reason why I particularly like Shanghai show is because of its well management and its special attention to details. What impresses us most is each reminding from the staff during the preparation and their efforts for making a successful show. Their details of management is very worthy for our own company.
By Wang Chengzhang, Xinchangxian Meicheng Horticulture
The biggest achievement of participating Hortiflorexpo IPM Shanghai 2019 is that there are greenhouse material suppliers from the whole industrial chain, which provides us with many purchase options. Because most of the visitors here are looking for purchasing greenhouse facilities, we hope the show to strengthen the promotion of greenhouse construction projects in the next show to attract more professional visitors. We are very satisfied with the show services.
By He Rui, M.Cohen Metal Industries Co Ltd.
Our products have been recognized by the market and the industry within only three days of the show. We have not only made deep contact with new and old customers, but also reached preliminary cooperation intention with well-known seed and seedling enterprises on site. We are very pleased with the results. Thanks to the show management!
By Wen Bo, Shanghai Trending’s Tillandsia Garden lanscape
We are generally satisfied with this experience. We have received onsite orders and also strengthened existing business relations. Hortiflorexpo IPM Shanghai has not only helped to launch our business reputation among industrial peers, but also become our preferred stage to announce new products. The quantity of visitor, services of the show management and official contractor is well appreciated. See you at the Shanghai show next time!
By Tang Yimin, Suzhou Medas Co Ltd
Innovate the possibilities, become the possibilities
On the basis of adhering to the high quality and professional operation and service, The 21st Hortiflorexpo IPM Shanghai has come to a successful conclusion with the full support of domestic and foreign partners and exhibitors. Make further continuing progress. We sincerely appreciated the participation of the enterprises and the support from cooperative partners and media. Under the popularization of green lifestyle and personalized flower consumption in China, we will further improve the icon of “Hortiflorexpo IPM Shanghai” and make it into an international one-stop platform for industrial products, technology and trade. While combining the latest trend of world’s flower horticulture, it is believed that Hortiflorexpo IPM Shanghai will promote China’s flower horticulture industry up to a higher level.
SOURCE Shanghai Intex Exhibition Co., Ltd.
USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).
Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
View original content:https://www.prnewswire.co.uk/news-releases/lithium-miners-strategize-for-long-term-gains-as-market-recovers-302135776.html
Artificial Intelligence
ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations
New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.
Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.
View original content:https://www.prnewswire.co.uk/news-releases/roller-and-amusement-connect-announce-integration-to-streamline-cashless-card-operations-302135415.html
Artificial Intelligence
Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™
CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
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Medical Waste Management Market – Global Forecasts to 2028
Operating Room Integration Market – Global Forecasts to 2028
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