Artificial Intelligence
Global Surgical Imaging Market is Expected to Reach USD 7.50 Billion by 2025 : Fior Markets
Newark, NJ, Feb. 05, 2020 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global surgical imaging market is expected to grow from USD 4.80 billion in 2017 to USD 7.50 billion by 2025 at a CAGR of 5.50% during the forecast period from 2018-2025.
Technological advances are transforming the healthcare industry globally. Surgical imaging provides image guided process, while operating. One of the major advantage of surgical imaging is its ability to move around the patient for achieving the optimum angle for a high-quality image while keeping the patient comfortable. Surgical imaging instruments provides greater efficiency and high precision, while operating patient. The equipment manufacturers have made astonishing progress over the last decades in terms of innovation. Many companies are integrating advanced technologies such as artificial intelligence and internet of things in the surgical imaging, for enhancing the efficiency.
Surgical imaging is optical imaging technique which is used in image-guided surgical processes. It allows the clinicians to achieve intricate surgical procedures accurately. Surgical imaging includes computed tomography scanners, C-arms, and other imaging tools to view the surgical area in order to perceive the features of that specific region. These tools allow surgeons to complete surgeries with ease and precision.
Global surgical imaging market is expected to witness rapid growth over the forecast period, owing to rising elderly population and increasing funding for R&D of surgical imaging equipment by private and public sectors. In addition to this, increasing awareness regarding radiography procedures are the key factors for the market growth. However, high cost of the treatment and insufficient medical infrastructure to support these devices, is anticipated to hinder the market growth over the forecast period. On the flip side, rising adoption of minimally invasive surgical procedures, is likely to offer more growth opportunities for the surgical imaging market vendors in upcoming years.
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Key players operating in the global surgical imaging market include Hologic, Inc., GE Healthcare, Inc., Koninklijke Philips N.V., Hitachi Ltd., BioSign, Carestream Health, Siemens Healthcare, Canon Medical Systems Corporation, Shimadzu Corp, Fujifilm Medical Systems, Toshiba Corporation, Eurocolumbus, OrthoScan, and Ziehm Imaging among others. To enhance their market position in the global surgical imaging market, the key players are now focusing on adopting the strategies such as recent developments, mergers & acquisitions, product innovation, joint venture, collaborations, and partnership.
- For instance, in June 2017, Koninklijke Philips N.V. acquired Electrical Geodesics, Inc. to launch a consolidated portfolio of neurological imaging, therapy and mapping guidance.
- In March 2019, GE Healthcare announced investments in and collaborations with CMR Surgical Ltd., Decisio Health, and Formlabs, companies specializing in surgical robotics, 3D printing, surgical imaging, and virtual care monitoring.
- In February 2019, Koninklijke Philips N.V. announced the launch of Philips Zenition, its new mobile C-arm imaging platform, to provide live image guidance during a wide range of surgeries including orthopedic, trauma and vascular procedures.
- In August 2018, Siemens Healthineers and NuVasive, announced the strategic partnership, which is to focus on “technology development, marketing and commercial activities on new spine imaging and navigation technology.
- In November 2019, Hologic, Inc. announced that the U.S. Food and Drug Administration (FDA) has approved its 3DQuorum Imaging Technology, powered by Genius AI.
The C-arms segment accounted for the largest share and valued around USD 2.06 billion in 2017
The device segment is classified into angiography, endoscopy, laparoscopy, C-arms, and surgical navigation systems. The C-arms segment accounted for the largest share and valued around USD 2.06 billion in 2017. This is attributed to widespread use in various applications such as abdominal and thoracic aortic aneurysm repair, percutaneous valve replacements, visualizing kidney drainage, vascular surgery, cardiac surgery, neuro stimulation, gastroenterology, pain management, orthopedic, and neurology procedures.
X-ray segment held the largest market share of 41.37% in 2017
Modality segment is divided into MRI, computed tomography, x-ray, optical, and nuclear imaging. X-ray segment accounted for the largest market share of 41.37% in 2017. Increasing prevalence of chronic disorders, growing geriatric population and demand for better disease treatment is contributing for the growth of the segment.
The orthopedic and trauma segment is estimated to grow at the highest CAGR of 7.14% during the forecast period
Application segment is bifurcated into cardiovascular, neurosurgeries, ophthalmology, thoracic, urologic, and orthopedic and trauma. The orthopedic and trauma segment is estimated to grow at the highest CAGR of 7.14% during the forecast period. Demand of minimally invasive procedures to reduce cost of procedures and complexity are responsible for the growth of the segment.
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Regional Segment Analysis of the Surgical Imaging Market
- North America (U.S. , Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the market and held the largest market share and was valued around USD 2.20 billion in 2017. High prevalence of orthopedic diseases, approvals of various products by the U.S. FDA, increase in demand for cosmetic surgeries, and surge in awareness among the patient population are boosting the growth of the market. Furthermore, high adoption of advanced technology, rise in research and development activities, increasing alliances among key players, and sophisticated healthcare infrastructure in the region are propelling the growth of the market. Asia pacific is expected to grow at the highest CAGR during the forecast period. Low cost of clinical trials offered by the local governments and increasing healthcare infrastructure across the region, driving the growth of surgical imaging market.
About the report:
The global surgical imaging market is analysed on the basis of value (USD Billion). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.
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Artificial Intelligence
Dongfa Group’s Gas Scenario + Digital Twin Technology, Leads the Industry with New AI Trend
–Highlights of the 2024 Exhibition
SHANGHAI, May 23, 2024 /PRNewswire/ — From May 17 to 19, 2024, China(Shanghai) International Metrology Measurement Technology and Equipment Exhibition was held at the Shanghai World Expo Exhibition and Convention Center. Dongfa Group participated in the exhibition, showcasing its latest research achievements. At the expo, Chairman Liu Ming of Dongfa Group conducted the lighting ceremony and announced the official launch of the “Smart Gas Comprehensive Supervision Platform,” demonstrating the convenience and efficiency achieved through the smart management of municipal gas meters.
Dandong Dongfa (Group) Co., Ltd., established in 1962 and headquartered in Singapore, was formerly known as Dandong Thermal Instrument Co., Ltd. As an integrated group company engaged in research, production, and operations, Dongfa Group is dedicated to the development and application of instruments and meters. Its product range includes IC card gas meters, wired direct-reading remote diaphragm gas meters, wireless direct-reading remote diaphragm gas meters, NB-IoT IoT meters, and ultrasonic gas meters. These products incorporate the technical features of similar domestic and international products, offering high accuracy, reliability, and stability, making the company a leading smart gas meter manufacturer in China.
At the expo, Dongfa Group showcased its Smart Gas Comprehensive Supervision Platform, which integrates AI, IoT, cloud computing, and big data. This platform connects the topological structure of all aspects of gas operations and consolidates all relevant data involved in production management and operation maintenance. This integration enhances the comprehensive research and development and operational maintenance capabilities of the big data governance system.
At the same time, Dongfa Group is empowering comprehensive management and control with digital twins, AI, and big data. By leveraging digital twins, AI models, and 5G technology as data elements, the company is constructing a unified citywide network and a digital twin map of the gas pipeline network. This enables deep integration of AI monitoring, pressure and leakage detection, smart terminals, and other sensing devices with gas operations, ensuring the comprehensive safety and supply of urban gas.
Digital twin gas technology not only provides auxiliary support for pipeline design, but also plays a crucial role in intelligent emergency response and precise distribution. Especially in the operation of gas stations, it enables comprehensive real-time monitoring, intelligent integrated operation scheduling, proactive warning, emergency event command plans, and other effects, thereby improving the efficiency and safety of gas management.
However, there have been numerous incidents of data leakage involving smart AI devices in recent years. Sensitive data is being collected or even sold by malicious actors, leading to the disclosure of confidential information, resulting in significant economic losses and even legal risks.
To ensure the security of both enterprise and user data, Dongfa Group utilizes Digital Envelope technology to encrypt and decrypt data packets during data collection and distribution. This approach combines the advantages of both symmetric and asymmetric encryption technologies for secure information transmission, enabling fast, efficient, and secure encryption and decryption processing for the smart gas digital business sector. This ensures the security and integrity of data during transmission.
Visitors at the expo showed strong interest in the new products and technologies exhibited by Dongfa Group. Dongfa Group has always been committed to driving the development of the smart instrumentation industry through technological innovation. Through this exhibition, the company not only showcased its technical prowess but also strengthened communication and collaboration with industry peers. Looking ahead, they aim to join hands in opening a new chapter in the smart instrumentation industry.
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Artificial Intelligence
QNAP S3-compatible Storage Solution “QuObjects” Certified as Veeam® Ready – Object with Immutability
TAIPEI, May 23, 2024 /PRNewswire/ — QNAP® Systems, Inc., a leading computing, networking, and storage solution innovator, today announced that its S3-compatible object storage solution “QuObjects” has qualified as Veeam® Ready – Object with Immutability, applicable for QNAP NAS with QTS and QuTS hero operating systems. This certification underscores the reliability of QuObjects as a secure object backup solution for enterprises, enhancing data management efficiency and upmost security.
QuObjects is the S3 object storage solution for QNAP NAS, boasting read/write speeds 20 times faster than conventional cloud services, along with a highly flexible and scalable architecture to ensure efficient transmission and flexibility in object storage. From object service development to demanding workloads like machine learning and data lakes, QuObjects assists enterprises in achieving diverse application needs with higher cost effectiveness.
QuObjects supports Object Lock to ensure data immutability, further safeguarding against ransomware threats, cyberattacks, or human error. Coupled with access controls and authentication features, it provides comprehensive protection for object data security.
Jimmy Tam, Product Manager of QNAP, stated “Data security is critical for enterprises. With QuObjects certified by Veeam Ready – Object with Immutability, we empower organizations leveraging Veeam solutions to confidently opt for QNAP NAS for on-prem S3 object storage and backup, enjoying rapid transmission, extensive scalability, and steadfast security.”
QNAP is the preferred partner for Veeam object backup solutions. Learn more at Veeam Ready Object Partner and QNAP QuObjects- S3 Object Storage.
For more information and to view the full QNAP NAS lineup, please visit www.qnap.com.
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View original content:https://www.prnewswire.co.uk/news-releases/qnap-s3-compatible-storage-solution-quobjects-certified-as-veeam-ready–object-with-immutability-302148872.html
Artificial Intelligence
Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change
SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.
CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.
View original content:https://www.prnewswire.co.uk/news-releases/tencent-announces-winners-of-flagship-carbonx-program-to-combat-climate-change-302153596.html
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