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Smart PPE Technology Market to Reach USD 9.05 Billion by 2028; Soaring Demand by Pharmaceutical & Healthcare Industry to Amplify Market Growth: Says Fortune Business InsightsTM

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Pune, India, Jan. 18, 2022 (GLOBE NEWSWIRE) — The global smart PPE technology market size is slated to hit USD 9.05 billion by 2028 and exhibit a CAGR of 16.4% during the forecast period. The soaring high risk of contagious diseases such as swine flu, SARS, Ebola, and Coronavirus are expected to boost the demand for smart PPE technology and favor market growth. Fortune Business InsightsTM has presented this information in its report titled “Smart PPE Technology Market, 2021-2028”. The market size stood at USD 2.74 billion in 2020 and reached USD 3.13 billion in 2021.
The report also identifies that the increasing demand for wearable technology for workplace security is likely to complement the market’s growth. The incorporation of advanced technologies such as connected devices, Industrial Internet of Things (IIoT), Artificial Intelligence, and smart sensors are anticipated to improve the smart PPE technology further.

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List of Key Players Profiled in the Market Report:

  • Uvex Group (Furth, Germany)
  • Ansell Ltd. (Richmond, Australia)
  • DuPont de Nemours Inc. (Delaware, United States)
  • Intellinium (d’Azur, France)
  • MCR Safety (Fürth, Germany)
  • Vuzix Corporation (New York, United States)
  • Seebo Inetractive Ltd. (California, United States)
  • Dragerwerk AG & Co. KGaA (Lübeck, Germany)
  • Corvex Connected Worker (Minnesota, United States)
  • Ergodyne Corporation (Minnesota, United States)

Report Scope & Segmentation –

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 16.4 %
2028 Value Projection USD 9.05 Billion
Base Year 2020
Market Size in 2020 USD 2.74 Billion
Historical Data for 2017-2019
No. of Pages 140
Segments covered Product Type; Application;
Growth Drivers Exponential Demand for Smart Personal Protective Equipment in Healthcare & Pharmaceutical Industry Likely to Drive Market Growth
 

Pitfalls & Challenges

Poor Quality Devices and Network Connection to Obstruct Market Growth

COVID-19 Impact-

The unforeseen emergence of the COVID-19 outbreak has affected the global economic structure. The disruptions in the global supply chain networks and the temporary shutdowns of manufacturing facilities have negatively impacted the growth of the market. Nevertheless, the demand for the product remains steady during the pandemic due to the high demand from the healthcare sector. The market is estimated to grow swiftly post-pandemic.

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Segmentation-

On the basis of product type, the market is segmented into smart respirators, smart earmuffs/plugs, smart protective clothing, smart eyewear, smart safety shoes, smart safety gloves, and others. On the basis of application, the market is fragmented into the military, industrial, infotainment, fitness & wellness, healthcare & medical, and others. Geographically, the market is classified into South America, North America, the Middle East & Africa, Europe, and Asia Pacific.

Report Coverage-

  • The report covers the market’s competitive landscape and profiles key market players accordingly.
  • The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.
  • The report showcases the impact of the coronavirus outbreak and its effect on the market’s growth.
  • The report provides information on the key market trends and latest industry development.

Drivers & Restraints-

Increasing High-Risk Contagious Disease to Propel Market Growth

The high-risk contagious diseases such as swine flu, coronavirus, Ebola, and SARS, among others, are increasing. Smart PPE technology is used to analyze and monitor the external environment. Smart gloves and smart protective clothing use smart sensors to offer e-health monitoring capabilities, and the collected data can be analyzed using personal computers to give feedback. For instance, India used a smart helmet to check the temperature in densely populated areas for the COVID-19 screening process. The results were displayed a connected smartwatch. These factors are likely to boost the global smart PPE technology market growth.

Additionally, the high exposure risks to hazardous particles, biological agents, gases, chemicals, and others in the pharmaceutical market are anticipated to boost growth. The increasing government safety regulations and compliances are likely to aid market growth.
The increasing demand for wearable technology for workplace safety is expected to bolster the market growth. The incorporation of advanced technologies such as connected devices, Industrial Internet of Things (IIoT), Artificial Intelligence, and smart sensors are anticipated to improve the smart PPE technology further.
However, the unsecured network connection and poor-quality devices may hinder the market growth.

Regional Insights-

Swift Adoption of Advanced Technologies to Fuel Growth in North America

North America is projected to emerge dominant in the global smart PPE technology market share. The swift adoption of advanced technologies such as smart sensors, AI, industrial IOT, wearable and connected devices, IoT, and others are anticipated to stimulate market growth. Additionally, the increasing awareness for workplace safety among employers and workers is expected to boost the region’s market growth.

Europe is anticipated to rank second in the global market. The prominent presence of healthcare, automotive, chemical, and other industries is likely to propel market growth. The guidelines and directives created by the European Union, World Health Organization, and the Food & Drug Administration are expected to impact the market’s growth positively.
Asia Pacific is likely to experience rapid growth due to the presence of leading PPE manufacturers in India and China. The growing need for a safe working environment due to the expansion and development of the industrial sector is expected to drive the market’s growth in the coming years.

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Competitive Landscape-

Key Players Adopt Ingenious Strategies to Amplify their Market Reach

The market comprises Seebo interactive Ltd., Uvex Group, Intellinium, DuPont de Nemours Inc., Vuzix, Ansell Ltd., and others as the top market players. The key players adopt ingenious growth strategies such as collaborations, partnerships, acquisitions, mergers, new product launches, and others to amplify their market reach. For instance, DuPont commenced a global initiative #tyvekTogether in April 2020 to enlarge the overall Tyvek PPE garments availability and curb COVID-19 spread globally.

Industry Developments-

  • July 2021: Vuzix Corpration announced its expansion with Medacta International to support the NextAR surgical artificial reality platform incorporated with Vuxiz Blades technology. The company aims to facilitate healthcare operations including spine, knee, and shoulder surgeries.  

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Table Of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted By Key Players
    • Consolidated SWOT Analysis of Key Players
  • Global Smart PPE Technology Key Players Market Share Insights and Analysis, 2020
  • Key Market Insights and Strategic Recommendations
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters Etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Gross Margin
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Smart PPE Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Product Type (USD)
        • Smart Safety Gloves
        • Smart Shoes
        • Smart Eyewear
        • Smart Protective Clothing
        • Smart Ear Muffs/Plugs
        • Smart Respirator
        • Others (Smart Communication, Smart Watches, Etc.)
      • By Application (USD)
        • Healthcare & Medical
        • Fitness & Wellness
        • Infotainment
        • Industrial
        • Military
        • Others (Sports & Adventure, Aerospace, Etc.)
      • By Region (USD)
        • North America
        • South America
        • Europe
        • Middle East & Africa
        • Asia Pacific
    • North America Smart PPE Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Product Type (USD)
        • Smart Safety Gloves
        • Smart Shoes
        • Smart Eyewear
        • Smart Protective Clothing
        • Smart Ear Muffs/Plugs
        • Smart Respirator
        • Others (Smart Communication, Smart Watches, Etc.)

TOC Continued…!

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Astro, Malaysia’s Largest Broadcaster Selects Amagi and AWS to transition Playout Services to the Cloud

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KUALA LUMPUR, Malaysia, May 29, 2024 /PRNewswire/ — Amagi, the leader in cloud-based SaaS technology for broadcast and connected TV (CTV), deployed on Amazon Web Services (AWS), today announced its partnership with Malaysia’s leading media and entertainment company – Astro Malaysia Holdings Berhad (Astro). 

Astro, Malaysia’s leading content and entertainment company, in partnership with Amagi, is modernizing systems and infrastructure for the playout and origination of its existing Linear Channels and Playout Disaster Recovery capabilities and transitioning them to AWS, the world’s most comprehensive and broadly adopted cloud. This marks a milestone in ASEAN’s broadcast industry. The Amagi playout deployment will help Astro optimize its media operations, enhance business agility, increase service resilience, and mitigate the risks of maintaining legacy systems.
The upcoming launch of the AWS Asia Pacific (Malaysia) Region complements Astro’s ongoing broadcast transformation journey, which aims to further enable the deployment of innovative media and entertainment solutions. By capitalizing on the robust cloud infrastructure, unparalleled scalability, and advanced services provided by AWS, Astro aims to further improve enhanced in-country network infrastructure resiliency and performance, thus delivering enriched customer experiences.
Defining the Future of Broadcast
Broadcasters have traditionally managed their channel automation and playout systems within on-premises data centers. As Astro continues its expansion across multiple regions, the organization will see workflows being optimized, media operations enhanced, and playout system management streamlined. To further complement the company’s pursuit of these goals, Astro will implement Amagi’s flagship products on AWS: the Amagi CLOUDPORT channel playout platform and the Amagi MONITORING solution. These advanced solutions will support Astro’s commitment to operational excellence, offering enhanced resiliency and enabling quicker upgrades to service capabilities, thereby meeting the evolving needs of the broadcasting landscape.
Mauro Di Pietro Paolo, Chief Technology Officer at Astro said, “As Malaysia’s leading broadcaster, Astro continues to drive innovation, and our partnership with Amagi underscores our continuous dedication to pioneering advancements in the industry. At Astro, we needed a playout platform that would align with our vision for transformation in our broadcast and media operations, have in-built disaster recovery capabilities, and provide a modernization path for our end-of-life on-premises systems. We’ve selected Amagi because of their proven track record of deploying playout systems on AWS and have demonstrated their ability to be a transformational platform.”
Srinivasan KA, Co-Founder and Chief Revenue Officer at Amagi said, “We are delighted to partner with Astro, one of the most innovative and forward-looking media companies in Asia, to help them achieve their cloud transformation goals. By leveraging our cloud-native solutions built on AWS’s global infrastructure, we can provide Astro with a scalable, secure, and cost-effective playout platform to support their current and future needs. This collaboration also demonstrates our commitment to empowering media companies with cutting-edge cloud technology and best-in-class service.”
“The broadcast industry is rapidly changing, requiring broadcasters to stay competitive with increased agility, resiliency, cost efficiency, and unified workflows, which can be achieved with AWS cloud. AWS is proud to work with solutions providers like Amagi to drive the industry forward,” said Pete Murray, Country Manager at AWS. “We’re thrilled to see our long-term customer Astro continue its transformative journey to delight their customers, and with Amagi, we look forward to digitalizing and advancing the future of Malaysia’s media and entertainment industry.”
Amagi and Astro launched broadcast station playout origination on AWS for the first channels and disaster recovery services in May 2024. This marks the first large-scale, cloud-based playout solution by a broadcaster in Malaysia. To meet the ever-changing needs of these networks, Amagi will continue to work closely with Astro to scale and evolve its Amagi CLOUDPORT solution.
About Astro
Astro Malaysia Holdings Berhad (Astro) is Malaysia’s leading content and entertainment company, serving 5.3 million homes or 67% of Malaysian TV households, 8,400 enterprises, 18.2 million weekly listeners across FM radio and online, and 15.6 million visitors to our digital brands every month. We serve Malaysians with 3 distinct services – Astro Pay-TV, NJOI Prepaid and sooka, our own OTT for the millennials; and Astro Fibre, our own broadband service, offers greater value with its content-broadband bundles. Close to a million homes are already streaming the best of home entertainment via our Hybrid 4K UHD Ultra Box and HD Ulti Box, which can be self-installed and run on both satellite and broadband. Today, our customers enjoy streaming our local signatures, Astro Originals, live sports and the best global shows from Netflix, Disney+ Hotstar, HBO GO, iQIYI, TVBAnywhere+, beIN SPORTS CONNECT, BBC Player, Viu, ZEE5, WeTV, Qalbox by MuslimPro, and our own TV companion app Astro GO. Astro Radio, home to the country’s highest-rated radio brands across all key languages, and our digital brands including AWANI, SYOK, Gempak, Xuan and Astro Ulagam, connect Malaysians to content and stories that matter.
About Amagi 
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 3800+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bangalore, Zagreb, and Lodz.
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 200 fully-featured services for compute, storage, databases, networking, analytics, machine learning, and AI, Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 102 Availability Zones (AZs) within 32 geographic regions around the world.
In March 2023, AWS announced plans to launch an AWS Infrastructure Region in Malaysia in 2024. As part of its commitment to the region, AWS is planning to invest $6 billion (approx. MYR 25.5 billion) in Malaysia by 2037.
Amagi Contact: Aashish WashikarDirector – Corporate CommunicationsEmail: [email protected] : +91 9533390005
Photo: https://mma.prnewswire.com/media/2423741/Amagi_and_AWS.jpg
 

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Artificial Intelligence

The European Patent Office, The world’s most powerful permanent magnet: Japanese inventor selected as finalist for the European Inventor Award 2024

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MUNICH, May 29, 2024 /PRNewswire/ — Magnets are all around us, they drive a wide array of modern technologies and exist in one way or another in almost every field on Earth. Permanent neodymium magnets are found nowadays in mobile phones, MRI scanners, electric vehicle motors, wind turbines and security systems as well as in jewellery, ABS brakes, pumps and generators. Their roles go from fastening boxes to helping generate electricity, guiding medical equipment and levitating components. The multifunctional benefits of magnets have changed the way our world works, and Sagawa’s neodymium magnets are a driving force behind the pervasive use of magnets worldwide. In recognition of his achievement, Sagawa is a finalist in the “Non-EPO Countries” category of the European Inventor Award 2024, having been selected by an independent jury from among 550 candidates for this year’s edition.

Motivated by the high price of cobalt at the time and inspired by the widespread availability and lower cost of iron, Sagawa set out in the late 70s and early 80s to find a replacement of cobalt-based magnet, but still be able to generate a robust, permanent magnetic field. He experimented with a wide variety of intermetallic compounds and phases before a breakthrough in the process led him to create the strong magnet. The process he developed is called sintering – a process that bonds the ground particles of his various magnetic components together using heat treatment. While magnets with similar compounds were being developed at the same time, this process made Sagawa’s magnet the strongest in the market.
Masato Sagawa is one of three finalists in the “Non-EPO Countries” category of the European Inventor Award 2024. The other finalists recognised for outstanding work are a Brazilian team led by Fernando Catalano and Micael Carmo for reducing noise and carbon emissions in air travel and American-based David Fattal for his advancements in display optics and software to create glasses-free 3D imaging. The EPO will announce the winners during a ceremony live-streamed here from Malta on 9 July 2024. In addition to each category, the EPO will reveal the Popular Prize winner, chosen by online public vote. Voting will remain open until the day of the ceremony. 
Web: https://www.epo.org/en

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TREEFROG THERAPEUTICS PICKS-UP BEST POSTER AWARD AT THE INTERNATIONAL SOCIETY FOR CELL & GENE THERAPY (ISCT) ANNUAL MEETING FOR THEIR CELL THERAPY PROGRAM IN PARKINSON’S DISEASE

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–  Treefrog will present two posters on their cell therapy program in Parkinson’s Disease and their proprietary encapsulation technology, C-Stem™ –  
BORDEAUX, France, May 29, 2024 /PRNewswire/ — TreeFrog Therapeutics has a busy schedule at the ISCT’s 30th annual meeting, taking place in Vancouver, Canada this week, with two posters being presented, one of which has been awarded the Best Poster in the iPSC category. A poster on their transformational encapsulation technology, C-Stem™, will also be presented. 

TreeFrog is a cell therapy company with a lead program in Parkinson’s disease, a complex neurodegenerative disease with no cure and treatments that offer symptomatic relief only. Decades of research demonstrate that cell therapy holds immense promise for Parkinson’s disease, with multiple clinical trials ongoing. However, the manufacturing of these cells must overcome major pharmaceutical challenges, including scalability, to be compatible with potential commercial phases. The cell therapy program at TreeFrog is based on C-Stem™, a proprietary technology platform that overcomes these challenges. In 2021, the company achieved a world-first of producing 15billion iPSCs in one run, in one week.
Michael Lanero Fidalgo, Chief Operating Officer, will represent the company for the Best Poster in the iPSC category, an award designed to recognize outstanding abstracts related to iPSC research. Poster #1219, First Off-The-Shelf Bioreactor Produced, iPSC-Derived Neural Microtissues Containing Dopaminergic Neurons Innervate the Striatum and Normalize Behavior in a Parkinson Rat Model, is also one of only twenty posters chosen for an elevator pitch presentation from the overall 600 considered.
Kevin Alessandri, co-founder and Chief Technology Officer, will present poster #1200 Cell encapsulation as a tool for stem cell-based cell therapy industrialization, a deep dive into how the C-Stem™ technology, can overcome the bottlenecks of the complex Chemistry, Manufacturing and Controls (CMC) in cell therapy. He will also participate as a KOL in the JSRM-ISCT iPSC workshop event iPSCs: From Bench to Bedside’ Scientific Signature Series.
Events:
Elevator Pitch presentation by Michael Lanero-Fidalgo, representing lead authors Nicolas Prudon & Lucia Cordero Espinoza May 29th, 2024 @ 12:00 – 13:00, Room 201iPSC Poster Presentation Networking reception (Posters #1219 & #1200) May 30th @ 18:00 – 19:30 Exhibit & Poster HalliPSC: Bench to Bedside: Scientific Signature Series, participation of Kevin Alessandri as KOL. June 1st, 2024 @ 7:30 – 16:00, Room 212-214www.treefrog.fr
CONTACT:  Rachel MooneyChief Communications OfficerTreeFrog Therapeutics [email protected]  
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