Artificial Intelligence
Implantable Medical Devices Market to cross USD 138.5 Bn by 2025: Global Market Insights, Inc.
Selbyville, Delaware, Jan. 07, 2020 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on implantable medical devices market which estimates the global market valuation for implantable medical devices will cross USD 138.5 billion by 2025. Technological advancements and new product developments will drive implantable medical devices market growth.
Rising geriatric population and increasing multitude of neurological and cardiological disorders worldwide will result in significant number of patients requiring implantable medical devices. According to the Centers for Disease Control and Prevention, one person dies every second from some form of cardiovascular disorder in the U.S. Certain disorders cannot be mitigated through medication alone, therefore implantable medical devices that provide faster recovery and better outcomes are being rapidly adopted. Thousands of people are enhancing their quality of life by adoption of implantable medical devices through surgical intervention, that will further significantly contribute towards the growth of the market over the projected years.
Technological advancements and new product development in implantable medical devices market will offer lucrative opportunities for industry expansion in the foreseeable future. To reduce recall rates and offer effective treatment methods to patients, major market players are adopting novel technologies and right surface materials, thereby escalating the customer preference towards implantable medical devices market. Also, subsequent FDA approvals for implantable medical devices will impact the industry size. These improvements lower the mortality rate due to organ failure, thus positively impacting the business growth over the coming years.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4483 Cardiovascular implantable medical devices segment accounted for around 26% revenue share in 2018. Patient population suffering from cardiovascular diseases is increasing subsequently globally. Cardiovascular implantable medical devices such as pacemakers, artificial heart valves, coronary stents and others have saved countless lives and can dramatically improve the quality of millions of lives. According to World Health Organization (WHO), cardiovascular disorder is the leading cause of death globally, and the number is expected to increase to more than 23 million by 2030, thereby driving the segmental growth over the projected years. Cardiovascular disorders place a heavy burden on economies, therefore subsequent steps are taken to provide better healthcare facilities to the patients to reduce the mortality rate. Thus, wide adoption of advanced cardiovascular implantable medical devices, rising awareness among people and increasing healthcare expenditure for the improved healthcare facilities will augment the growth of the implantable medical industry.
Therapeutic implantable medical devices market accounted for substantial revenue of over USD 89 billion in 2018. Increasing incidence of chronic disorders, high obesity rates leading to organ failure, rising cases of road accidents and other factors will positively influence therapeutic implantable medical devices market. These implantable medical devices are used to repair or heal the injury or disorder. Pacemaker, joint reconstruction, spinal devices, stents, and breast implants are some of the therapeutic implantable medical devices used widely across the global. Therefore, adoption of advanced medical devices and favorable reimbursement scenario will augment the segmental growth.
Browse key industry insights spread across 250 pages with 531 market data tables & 14 figures & charts from the report, “Implantable Medical Devices Market Size Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/implantable-medical-devices-market
Static/non-active/passive implantable medical devices market accounted for more than 76% segmental share in 2018. Static or non-active implantable medical devices play a vital role in healthcare industry. With rising number of accidents, increasing geriatric population and rising prevalence of chronic disease will drive the demand for static implantable medical devices market. Therefore, novel product development and initiatives taken by major market players to broaden their product offerings will augment the segmental growth. Other end-users including hospitals will witness rapid progress during the analysis period. High growth is attributed to advanced healthcare facilities and increasing cases of chronic disease worldwide. Moreover, presence of specialized doctors, high-end infrastructure and easy accessibility to implantable medical devices will further boost segmental growth.
Some major findings of the implantable medical devices market report include:
India implantable medical devices market is poised to witness 10.3% CAGR during the analysis period. Increasing road accidents, high prevalence of chronic diseases and rising awareness among population regarding medical implants will foster industry growth. Moreover, India is one of the emerging countries in terms of economy and technologies, that is favoring the Indian medical device industry to flourish. Major market players have established themselves their local presence by acquiring domestic companies or starting a new business, that will play a vital role in influencing implantable medical device industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4483
Industry players are implementing various strategies such as product innovations and partnerships to gain competitive advantage for business expansion. In February 2019, Medtronic announced the launch of deep brain stimulation in the U.S. for Medically-Refractory Epilepsy. The product launch enabled company in expanding its product portfolio as well as existing customer base in U.S.
Partial chapters of report table of contents (TOC): Chapter 3. Implantable Medical Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers 3.3.1.1. Increasing incidence of chronic diseases across the globe
3.3.1.2. Scarcity of organ donors
3.3.1.3. Technological advancements in developed nations
3.3.1.4. Rising government funding for implantable medical devices in developed countries
3.3.1.5. Increasing focus on development of microelectronics and implantable sensors 3.3.1.6. Growing adoption of biomaterials for better biocompatibility and outcomes
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost of devices
3.3.2.2. Stringent regulations for active implantable medical devices
3.3.2.3. Considerable rate of post-procedural complications 3.3.2.4. High number of recalls of implantable medical devices
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By type
3.4.3. By nature of device 3.4.4. By end-use
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. Asia Pacific 3.6. Reimbursement scenario
3.7. Technology landscape
3.8. Pricing analysis
3.9. Trend in adoption of materials for manufacture of implantable medical devices
3.10. Porter’s analysis 3.11. Competitive landscape, 2018
3.11.1. Company market share analysis, 2018
3.12. PESTEL analysis
Check more details from our infographic @ https://www.gminsights.com/infographics/implantable-medical-devices-market
About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Artificial Intelligence
Data Center Security and Spending Skyrocket Amid AI Boom
USA News Group Commentary Issued on behalf of Avant Technologies Inc.
VANCOUVER, May 31, 2024 /PRNewswire/ — USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be “on military bases surrounded by machine guns,” as stated in an interview with Noema Magazine. According to analysts at Dell’Oro Group, data center spending is forecast to grow at an astounding 18% CAGR over the next 5 years. Behind the scenes, tech companies are working tirelessly to provide new developments that will make this transition go smoother, including from Avant Technologies Inc. (OTCQB: AVAI), Equinix, Inc. (NASDAQ: EQIX), Vertiv Holdings Co (NYSE: VRT), Iron Mountain Incorporated (NYSE: IRM), and Snowflake Inc. (NYSE: SNOW).
At the forefront of generative AI innovation, Avant Technologies Inc. (OTCQB: AVAI) has been perfecting its flagship product, Avant AITM. The cutting-edge AI system is praised for its machine and deep learning capabilities, making it suitable for a wide range of industries and applications. To explore future possibilities for its AI data center cloud infrastructure, Avant recently engaged Wired4Tech, a highly regarded AI infrastructure consulting firm.
“We are excited to engage Wired4Tech to benchmark the performance of an innovative, next-generation AI server,” said William Hisey, CEO of Avant Technologies. “By conducting rigorous benchmark testing of this promising server technology, we expect to validate its expected performance and cost-saving benefits.”
As part of the new agreement, Wired4Tech will carry out detailed performance benchmarking for Avant. This will include evaluating key metrics such as response time, throughput, CPU and memory usage, disk I/O, network latency, and error rates. A special focus will be placed on response time, analyzing how quickly the server responds to different actions to provide insights into its overall responsiveness.
Avant considers these metrics to be critical for evaluating the server’s ability to handle complex AI tasks both effectively and dependably. Furthermore, Wired4Tech will examine the server’s power usage and identify possible cost-saving opportunities.
Prior to this update, Avant Technologies revealed a bold initiative to create groundbreaking, proprietary AI software aimed at improving its next-generation data centers. Additionally, the company intends to implement AI-driven Zero Trust Architecture (ZTA) throughout its data center operations. The AvantAI™ platform has also been upgraded to feature intelligent, proactive monitoring and management capabilities for data centers.
Digital infrastructure company Equinix, Inc. (NASDAQ: EQIX) recently announced the availability of Dell PowerStore on its Equinix Metal, a new, enterprise-grade Storage as a Service (STaaS) solution. The new availability enables enterprises to unlock multicloud strategies with enhanced performance, security and control, by marrying Equinix’s cloud adjacency and Dell’s leading storage solutions.
“Businesses need storage solutions that allow them to be more agile and get the most out of their hybrid multicloud architectures,” said Merrie Williamson, Chief Customer and Revenue Officer at Equinix. “By combining the powerful capabilities of Dell PowerStore with Equinix’s global platform, we are giving them the low-latency, high-performance connectivity they require without sacrificing on security or breaking their budget.”
The Dell PowerStore on Equinix Metal service offers businesses an easy way to manage and deploy their storage, computing, and networking needs worldwide. This service helps reduce the complexity and costs of running IT operations. It’s a dedicated storage solution designed for environments close to the cloud, giving customers quick, secure, and scalable access to public cloud providers through Equinix’s numerous data centers. This means businesses can efficiently connect to the cloud and manage their infrastructure with less hassle.
Ahead of this year’s Datacloud Global Congress 2024 where its CEO Giordano Albertazzi is set to join a keynote panel, Vertiv Holdings Co (NYSE: VRT) launched its new AI hub, featuring the industry’s first AI reference design portfolio for critical digital infrastructure.
The new Vertiv AI Hub offers a variety of helpful resources like white papers, industry research, and tools. It also includes information on power and cooling solutions for both new and existing facilities. Their new design library showcases flexible cooling and power systems that can handle both current and future computer chip needs, supporting anywhere from 10 to 140 kilowatts per rack.
“We are committed to providing deep knowledge, the broadest portfolio, and expert guidance to enable our customers to be among the first to deploy energy-efficient AI power and cooling infrastructure for current and future deployments,” said Albertazzi. “Our close partnerships with leading chipmakers and innovative data center operators make us uniquely qualified to help our customers and partners on their AI journey.”
Known for being a top company in storing paper documents and backup tapes, Iron Mountain Incorporated (NYSE: IRM) is expanding its data center network by opening a new data center in Toronto, Canada. The new facility is designed to support growth in its online backup services, Connected Backup and LiveVault, which provide automated backups for desktop PCs and specializes in server backups, respectively.
“In addition to opening the data center in Canada, Iron Mountain Digital is actively broadening its global data center presence and in the process of opening a series of data centers outside of the U.S. and Canada, to better support our customers wherever they do business,” said John Clancy, president of Iron Mountain Digital, the technology arm of Iron Mountain. “We’ve had a growing demand from our customers worldwide for data protection solutions and services.”
AI Data Cloud company Snowflake Inc. (NYSE: SNOW) recently released its financial results for Q1 2025, which included a 33% year-over-year growth in revenue, and a net revenue retention rate of 128%. The growth numbers came shortly ahead of Snowflake CEO Sridhar Ramaswamy’s scheduled fireside chat at the company’s 6th annual Snowflake Data Cloud Summit 2024 alongside NVIDIA Founder and CEO Jensen Huang.
“We finished our first quarter with strong performance across many of our key metrics,” said Ramaswamy in the Q1 2025 financials report. “Product revenue was up 34% year-over-year at nearly $790 million, while remaining performance obligations were $5.0 billion, up 46% year-over-year. Our core business is very strong. Our AI products, now generally available, are generating strong customer interest.”
As of the financial results release, Snowflake has 485 customers with trailing 12-month product revenue greater than $1 million, and 709 Forbes Global 2000 customers. Snowflake also announced its intent to acquire certain technology assets and hire key employees from TruEra, an AI observability platform. TruEra provides capabilities to evaluate and monitor large language model (LLM) applications and machine learning models in production.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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View original content:https://www.prnewswire.co.uk/news-releases/data-center-security-and-spending-skyrocket-amid-ai-boom-302160707.html
Artificial Intelligence
GIGABYTE AI New Era: Humanity X Art X Technology Exhibition
Embrace the Future with Computing Power! GIGABYTE AI PCs Lead You to Explore New Frontiers
TAIPEI, May 31, 2024 /PRNewswire/ — GIGABYTE is excited to present the “AI New Era” exhibition, showcasing how AI is transforming our world. This event explores AI-generated art, AI applications, and other immersive experiences that demonstrate the practical uses of AI PCs in everyday life.
Exhibition Themes
The “GIGABYTE AI New Era” exhibition features three thematic areas, each illustrating the diverse nature of AI:
AI Art: This area showcases dynamic images and interactive art created by international artists. Notable contributors include the Dimension + new media art team led by Escher Tsai (Taiwan) and Keith Lam (Hong Kong), Ygor Marotta from the VJ Suave studio in São Paulo, Brazil, and emerging Taiwanese artist Tim Wei. Attendees will embark on a sensory journey as these artists share their inner worlds and the collaborative process of integrating GIGABYTE AI PCs into their work. VS AI Street Battle: In collaboration with Hello World, this section challenges traditional art forms using the latest text-to-image AI applications. Utilizing GIGABYTE AI PCs’ powerful and stable computing capabilities, this area combines large-scale arcade fighting games with generative AI, creating a unique and creative battle system. AI Applications Featuring RTX -AI PCs: This area explores how AI enhances everyday life across various fields, including gaming, digital art, content creation, image processing, and productivity. Guided by GIGABYTE AI PCs, consumers can experience limitless AI applications, seamlessly integrating AI into their daily routines. Emmy-nominated filmmaker Hugh Hou (US) will curate the AI Use Case zone, showcasing the latest AI technology and providing a professional workflow for creating immersive videos. Additionally, GIGABYTE will collaborate with NVIDIA to showcase a series of advanced AI applications featuring GeForce RTX graphics cards.Invitation to All
GIGABYTE warmly welcomes technology enthusiasts and art connoisseurs to join this grand event and experience the revolution in technology and art brought by artificial intelligence. For more information about the event, please visit the official website: GIGABYTE AI 2024.
Join us in exploring the future of AI and its impact on our daily lives, and witness how GIGABYTE is leading the charge in integrating AI into the world of art and technology.
Photo – https://mma.prnewswire.com/media/2426946/GIGABYTE.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gigabyte-ai-new-era-humanity-x-art-x-technology-exhibition-302160686.html
Artificial Intelligence
Portkey Announces Integration of Zero-Knowledge Proofs for Enhanced Identity Management and Security
SINGAPORE, May 31, 2024 /PRNewswire/ — Portkey, the innovative account abstraction wallet on the aelf blockchain, proudly announces its latest initiative to enhance user security and privacy through the integration of Zero-Knowledge Proofs (ZKPs). This cryptographic technique allows one party (the prover) to prove to another party (the verifier) that a particular statement is true without revealing any additional information, ensuring unparalleled privacy and security for Portkey’s users.
The integration of Zero-Knowledge Proofs (ZKPs) in Portkey’s Web3 wallet and decentralised identity management system promises to offer blockchain users unprecedented levels of provable and tamper-proof identity verification. Portkey will enable users to securely prove their eligibility and compliance with service providers’ requirements without disclosing sensitive personal information. By ensuring digital personas are both distinct and verifiable, Portkey’s adoption of ZKPs aims to bridge the gap between Web2 and Web3 applications, fostering a more secure, privacy-centric, and user-focused internet.
As the prevalence of digital transactions and online interactions increases, it has become even more imperative to protect user data. Portkey’s upcoming integration of ZKPs significantly strengthens its security framework, ensuring that sensitive user information remains confidential and secure. This allows users to engage with digital services confidently, knowing their data is safeguarded by the highest standards of cryptographic security. Portkey’s commitment to privacy and security is a cornerstone of its mission, aimed at establishing a safe and trustworthy digital environment for users navigating the complexities of this increasingly interconnected world.
Introducing SocialLogin
Portkey intends to operate ZKPs through SocialLogin, which encompasses a two-step process: proof generation and verification, for secure transaction validation. In the proof generation phase, the prover creates a proof that confirms the validity of a statement using advanced cryptographic methods. During verification, this proof is evaluated by a verifier who, if the proof is valid, accepts the statement as true without accessing any underlying data. This integration will grant developers the capability to allow users to authenticate themselves on their preferred dApps through their pre-existing social accounts on platforms like Google, Facebook, Twitch, and various other third-party providers.
At the application level, users register with Portkey by logging in with Google credentials and receive an identity token (JWT). This token is sent to the Proving Service, which generates a zk-SNARK proof. The proof is then used to sign transactions on aelf blockchain, where it is verified on-chain. If the proof is valid, the transaction is executed, ensuring enhanced security and privacy for users. At the protocol level, this involves creating a new interface to generate proofs, developing verification functions, and converting proof-based transactions to normal ones while ensuring robust error handling and testing.
This technological advancement for Portkey is critical for enhancing users’ security and privacy as it eliminates the dependence on external verifier services, and solidifies its position as a pioneering force in the realm of digital wallets and decentralised identity management. SocialLogin is currently being developed and intergrated swiftly on Portkey. Soon, users will be able to experience the smooth login and registration process.
Stay updated on Portkey’s news and engage with the Portkey community on:Website: https://portkey.finance X: https://x.com/Portkey_DID Telegram: https://t.me/Portkey_Official_Group Discord: https://discord.gg/zSBDUV9q
About Portkey
Portkey aims to be the most useful Web2-to-3 Wallet: it targets Web2 projects and provides them with simple, seamless, and scalable access to a complete Web3 ecosystem. While Portkey serves as an Account Abstraction Wallet with intuitive social recovery features, it also promotes Decentralised Identity Technology, enabling Web2 businesses and developers to migrate seamlessly into Web3. It also features aelf’s unique Virtual Address (VA) technical approach, which is cheaper, faster and easier to implement compared to other industry standards.
View original content:https://www.prnewswire.co.uk/news-releases/portkey-announces-integration-of-zero-knowledge-proofs-for-enhanced-identity-management-and-security-302160594.html
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