Artificial Intelligence
Microsurgery Robot Market Trends 2021 | North America, Europe, & APAC Industry Forecasts 2027: Graphical Research
Pune, India, Feb. 25, 2021 (GLOBE NEWSWIRE) —
The microsurgery robot market demand is expected to witness an uptick throughout the world as robotic surgeries allow surgeons to perform numerous complex procedures with higher precision, control, and flexibility. Primarily associated with minimally invasive procedures that involve tiny incisions, robotic surgeries are being rapidly adopted by hospitals for treating an array of health conditions.
Recent breakthroughs in the areas of artificial intelligence or AI, machine learning, 3D imaging techniques, and machine vision have been improving the prospects for the market for microsurgery robots. Since robots possess superhuman abilities to perform exact motions repetitively, they are highly useful in procedures such as hair transplant surgeries. They can work for a long duration without fatigue, unlike their human counterparts.
The development of collaborative robots has ensured that the loss of motor skills amongst experienced surgeons does not impact their careers as these robots can reduce accidental movements and hand tremors. The following top seven trends have been inducing growth of the microsurgery robot market:
High incidence of chronic diseases in the U.S.
The U.S. market for microsurgery robots is certain to expand at a commendable pace through the forecast years, accelerated by the rising investments in R&D activities. The growing incidence of chronic diseases such as diabetes, cancer, and cardiovascular diseases, alongside the higher preference for minimally invasive procedures, has been responsible for this trend.
The North America microsurgery robot market outlook has also been expanding due to the presence of multiple industry players in the U.S. The U.S. industry for these robots is poised to grow at a 13.6% CAGR between 2021 and 2027.
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Drawbacks of traditional suture-intensive gynecology procedures
An increasing focus toward overcoming the drawbacks associated with traditional suture-intensive gynecology procedures has been spurring the demand for high precision robot-assisted surgeries in North America. To this end, the regional microsurgery robot market is expected to receive a significant share from the obstetrics and gynecology segment. The segment generated over $70 million during 2020 and will rise steadily through the forecast years as well.
Introduction of new products in North America
The microsurgery robot industry in North America has been flourishing on account of the significant technological strides in the area of imaging technologies including 3D imaging, artificial intelligence (AI), and machine learning. Numerous market players have been clearing regulatory approvals.
For instance, Brainlab announced the FDA approval of its robotic surgical system, Cirq in February 2021. The system can free up the surgeons’ hands by fine tuning the alignment to a prearranged trajectory, enabling them to focus on the anatomy of the patient.
Considerable demand for urology surgeries in Europe
In terms of application, the market has been segmented into neurovascular surgery, oncology surgery, ophthalmology surgery, cardiovascular surgery, urology surgery, ENT surgery, gastrointestinal surgery, reconstructive surgery, micro anastomosis, and ureterorenoscopy. The market share from urology segment is set to grow at a 14.5% CAGR through 2027.
The increasing prevalence of prostate cancers in the region is fueling the demand for urology surgical procedures. The Europe microsurgery robot market outlook is expected to register high gains during the forecast years, owing to the augmenting prostatectomy surgical procedures in the region.
Access sample pages of the report, “Europe Microsurgery Robot Market Forecasts 2027” in detail along with the table of contents (ToC) @
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Technological prowess of Germany healthcare sector
The German microsurgery robot market is likely to emerge as one of the leading segments in terms of revenue volume, owing to the technological prowess of the region. The availability of highly advanced medical technologies and state-of-the-art healthcare infrastructure has been fostering precise diagnosis of diseases and disorders, thereby boosting patient outcomes.
Additionally, the demand for robotic microsurgery devices has been on rise due to the high percentage of aging population in the region, who are diagnosed with chronic conditions. The presence of global market leaders in the region has also been assisting the Europe microsurgery robot industry forecast.
Ambulatory surgical centers to foster demand in APAC industry
In terms of end-use, the APAC microsurgery robot market forecast has been categorized into ambulatory surgical centers, hospitals and clinics, and research institutes, amongst others. The industry share from ambulatory surgical centers is anticipated to surge at a considerable CAGR through the next few years. It accounted for over 28% of the total market share during 2020 and might exhibit higher gains by 2027.
Thailand and Malaysia particularly have been thriving at a substantial pace, owing to the greater adoption of microsurgery robots across ambulatory surgical centers. The ease of access to skilled personnel and advanced healthcare infrastructure in ambulatory surgical centers has been driving the equipment use.
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India to demonstrate substantial robots demand
The microsurgery robot industry in India is expected to rise at a 16.5% CAGR through 2027e, driven by the growing trend of installation of these systems by private and government hospitals in the region. The segment is projected to contribute significantly toward the overall Asia Pacific microsurgery robot market share, due to the positive effect of drivers such as strong governmental support, growing penetration of technology, and high preference for cutting-edge medical equipment amongst the leading surgeons and doctors.
Stryker, TransEnterix Surgical, Zimmer Biomet, Smith & Nephew, Intuitive Surgical, Medrobotics Corporation, Auris Health, Corindus Inc., Medtronic, and Titan Medical are some leading manufacturers of microsurgery robots worldwide.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Us: Parikhit B. Corporate sales, Graphical Research Phone: 1-800-986-6917 Email: [email protected] Web: https://www.graphicalresearch.com
Artificial Intelligence
TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize
TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.
This contest is for engineers and students in Japan and overseas to compete in various fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org
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Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html
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