Artificial Intelligence
The market is expected to grow at a CAGR of 6.28% during the forecast period from 2022 to 2031
New York, March 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “OR Integration Systems Market – A Global and Regional Analysis: Focus on Product, Type, and Regional Analysis – Analysis and Forecast, 2022-2031” – https://www.reportlinker.com/p06247565/?utm_source=GNW
• By Type – Hybrid OR, Integrated OR, and Digital OR
• By Component – OR Visualization (OR Display, OR Camera, OR Video System, Surgical Light Sources), OR Lighting, OR Imaging (Intraoperative MRI Scanner, Intraoperative CT Scanner, Intraoperative Ultrasound, Intravascular Ultrasound, Fractional Flow Reserves, and Instantaneous Wave-free Ratio Image Guided Interventional Systems, Mobile C-Arms, and Fluorescence Guided Surgical Imaging), OR Integration Software, Other OR Integration Products
Regional Segmentation
• North America – U.S. and Canada
• Europe – Germany, U.K., Spain, Italy, France, and Rest-of-Europe
• Asia-Pacific – Japan, China, South Korea, India, Australia, and Rest-of-Asia-Pacific
• Latin America – Brazil, Mexico, and Rest-of-Latin America
• Rest-of-the-World – Kingdom of Saudi Arabia, United Arab Emirates, and Rest-of-Rest-of-the-World
Market Growth Drivers
• Increased Adoption of Minimally Invasive Procedures
• Rising Geriatric Population Escalating Surgical Needs
• Shift of TAVI Procedures to Integrated Environment
• Increasing Patients’ Safety Concerns in the OR
Market Challenges
• Huge Capital Investment
• Retrofitting Existing ORs to Hybrid OR
• Overwhelming Number of Technologies Involved
• Lack of Skilled Healthcare Professionals for OR Management
Market Opportunities
• Incorporation of 4K and 8K Technologies
• Integration of Software Solutions for OR Integration
Key Companies Profiled
Arthrex Inc., Canon Inc., CONMED Corporation, Doricon, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, General Electric Company, Getinge AB, Hill-Rom Holdings, Inc. (Trumpf Medical), Integra Life Sciences Holdings Corporation, KARL STORZ SE & Co. KG, Koninklijke Philips N.V., Olympus Corporation, Richard Wolf GmbH, Siemens Healthineers AG, Skytron, LLC, Smith & Nephew plc, STERIS plc, Stryker Corporation, Brainlab AG, HAAG-STREIT Holding AG, Carl Zeiss Meditec Group, Novartis AG (Alcon Laboratories, Inc.), Diversified, Optimus Integrated Surgical Environment (ISE) AG, IntegriTech, LLC, Novanta Inc. (NDS Surgical Imaging), Barco N.V.
How This Report Can Add Value
Assuming that the reader is a developer of OR integration components and software, they will be able to do the following:
• Understand their position as compared to some of the key players in the market
• Stay updated with novel technology integration, features, and the latest developments in the market
• Understand the impact of COVID-19 on the adoption of integrated OR and the entry barriers as a result of it
• Gain insights into which regions to target globally based on factors such as the amount of technology integration in operating rooms
• Gain insights into the end-user perception concerning the adoption of operating room integration
• Identify some of the key players in the market and understand their valuable contribution
Key Questions Answered in the Global Operating Room Integration Systems Market Report
• What are the major market drivers, challenges, and opportunities in the global operating room (OR) integration market?
• What are the emerging trends within the global OR integration systems market?
• How is each segment of the global OR integration market expected to grow during the forecast period, and what is the anticipated revenue generated by each of the segments by the end of 2031?
• What are the significant developmental strategies implemented by the major players in order to sustain in the competitive market? What are the key regulatory bodies controlling the entry of OR integration products to the market?
• What are the major OR equipment primarily being integrated with an operating room environment? What is the primary role of different visualization systems in an OR setting?
• Who are the leading players with significant offerings to the global OR integration systems market? What is the current market dominance for each of these leading players?
• What is the expected compound annual growth rate (CAGR) expected to be witnessed by the leading players in the market during the forecast period 2022-2031? Which integration systems are anticipated to have the most promising growth?
• What are the major country-wise trends pertaining to the adoption of hybrid, integrated, and digital ORs in the global OR integration market?
• Who are the key manufacturers in the global OR integration systems market, and what are their contributions?
• What is the growth potential of the global OR integration systems market in North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?
• What are the end user perceptions in the global OR integration systems market?
• What is the patent filing trend in the global OR integration systems market?
• What is the financial analysis and cost considerations in setting up an integrated hybrid operating room in comparison to a conventional OR?
• What is the global OR integration systems market segmentation by application?
Operating Room Integration Systems Market Industry Overview
The global operating room (OR) integration systems market is a huge market comprised of various product types used in an operating room. These include products for visualization, lighting, imaging, OR integration software, and other products such as insufflators, medical printing devices, and OR communication and control systems.
While conventional ORs possessed all the equipment required for an operating room to function, the lack of communication among the various components is one of the major drawbacks that led to the rising interest in implementing integrated operating rooms. Integrated ORs consist of a centralized console that integrates all the components of an OR, such as imaging, visualization, and visualization systems, among others.
The global operating room integration systems market report highlights that the market was valued at $11,763.6 million in 2021 and is expected to reach $21,546.1 million by the end of 2031. The market is expected to grow at a CAGR of 6.28% during the forecast period from 2022 to 2031.
Global Operating Room Integration Systems Market Drivers
The market is driven by factors such as increased adoption of minimally invasive procedures, rising geriatric population escalating surgical needs, increasing demand to streamline surgical workflow, the shift of TAVI procedures to the integrated environment, and increasing patients’ safety concerns in the OR.
There has been a paradigm shift in patient preference from invasive to minimally invasive modes of treatment.A minimally invasive surgery requires a proper arrangement in the operating room, including sophisticated technologies and devices such as communication systems, visualization systems, surgical lights, and surgical camera systems, among others.
The operating room integration market caters to the needs of minimally invasive procedures. Therefore, due to the increased adoption of minimally invasive procedures, there has been a boost in the growth of the OR integration market.
Global Operating Room Integration Systems Market Challenges
The factors restraining market growth include the huge capital investment required for integration of the OR.The most significant challenge that medical facilities face is the decision on procurement which is directly related to the cost of integrated OR systems.
Technically, the highest degree of integration is required by facilities that perform complex surgical procedures such as cardio and neurosurgery.However, this level of integration can cost an organization from $3-4 million.
Therefore, the lack of affordability is a major factor restraining the growth of the market in emerging economies such as Latin America and the Middle East, and Africa. Moreover, the lack of skilled healthcare professionals for OR management in these regions further restrains the market growth.
Furthermore, the challenges associated with retrofitting existing ORS to hybrid OR and the overwhelming number of technologies involved in the complete integration of an operating room acts as restraining factors for the market.
Global Operating Room Integration Systems Market Opportunities
The opportunity for growth of the global operating room integration systems market lies in integrating 4k and 8K technologies in the operating rooms. 4K technology offers significant advantages over traditional HD technology concerning higher resolution and reduced operative times.
Furthermore, the integration of software solutions within the OR is another opportunity for the growth of the market. For instance, the incorporation of artificial intelligence (AI) algorithms such as machine learning and deep learning hold immense potential to transform the way operating rooms function.
Impact of COVID-19 on the Global Operating Room Integration Systems Market
The COVID-19 pandemic led to a decline in the number of non-essential surgeries performed, which subsequently also impacted the usage of various devices used in operating rooms such as those intended for visualization, display, and imaging, among others.Since operating rooms are a major source of revenue for hospitals, hospitals faced significant losses in revenues owing to the deferral of surgeries.
Therefore, as the pandemic led to a surge in demand for critical respiratory equipment and other supplies required for the management of COVID-19, there was a decline in hospital procurement of OR integration products.
Market Segmentation
Global Operating Room Integration Systems Market (by Type)
The global operating room integration market has been segmented based on the type of OR into three major segments, namely, hybrid OR, integrated OR, and digital OR.
Global Operating Room Integration Systems Market (by Component)
The global operating room integration systems market has been segmented based on components into five major segments, namely, OR visualization, OR lighting, OR imaging, OR integration software, and other OR integration products.
The OR visualization component comprises a wide range of products such as OR displays, camera systems, video solutions, and surgical light sources.OR lighting segment comprises OR surgical lights, which help in the illumination of the surgical site for enhanced visualization during a surgical procedure.
OR imaging consists of intraoperative imaging modalities that enable the patient to be imaged in the same operating room where the surgery is being held.OR integration software solutions help to reduce the complexity of the OR environment by seamlessly integrating different components within the OR and giving control to the surgeon over an intuitive interface.
The other OR integration products market comprises products such as insufflators, medical printers, OR control, and communication solutions.
Global Operating Room Integration Systems Market (by Region)
The different regions covered under the global operating room integration market include North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.
North America and Europe are two of the largest markets for operating room integration, while developing countries are expected to register strong growth in their adoption shortly.
Key Market Players and Competition Synopsis
Some of the key players operating in the market include Arthrex Inc., CONMED Corporation, Doricon, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hill-Rom Holdings (Trumpf Medical), Integra Life Sciences Holdings Corporation, KARL STORZ Se & Co. KG, Olympus Corporation, Richard Wolf GmbH, Skytron, LLC, STERIS plc, Canon Inc., Koninklijke Philips N.V., General Electric Company, and Siemens Healthineers AG.
In the past few years, the global operating room integration systems market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in this emerging domain.Some of the strategies covered in this segment are funding activities, mergers and acquisitions (M&A), partnerships, alliances, business expansions, regulatory and legal activities, and new offerings.
The preferred strategy for companies has been regulatory and legal activities followed by partnerships and business expansions.
Countries Covered
• North America
• U.S.
• Canada
• Europe
• Germany
• Italy
• France
• U.K.
• Spain
• Rest-of-Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest-of-Asia-Pacific
• Latin America
• Brazil
• Mexico
• Rest-of-Latin America
• Rest-of-the-World
• K.S.A.
• U.A.E.
• Rest-of-Rest-of-the-World
Read the full report: https://www.reportlinker.com/p06247565/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy
28MW of miners delivering 1.3 EH/s, strategically located in Paraguay2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installedPower rate of sub $0.04/kWh, generated by 100% renewable hydropowerFRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.
The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint.
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”
Niek Beudeker, Managing Director, Peak Mining, commented:
“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.
Björn Schmidtke, CEO at Penguin Group, commented:
“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.”
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.
View original content:https://www.prnewswire.co.uk/news-releases/northern-data-groups-peak-mining-announces-new-partnership-for-28mw-of-mining-powered-by-100-renewable-energy-302141597.html
Artificial Intelligence
Sanad Announces Strategic Sale Transaction with CFM Materials, Further Fostering Aviation Industry Collaborations
Sanad’s sale of two CFM56-7B engines to CFM Materials highlights its ongoing commitment to strengthening industry partnershipsBy partnering with leading aftermarket specialists, Sanad reaffirms its commitment to proactive portfolio management and strategic capital allocationHONG KONG, May 10, 2024 /PRNewswire/ — Sanad, the global aerospace engineering and leasing solutions leader, wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), unveiled a strategic transaction between Sanad and CFM Materials, the world’s largest provider of used serviceable components for CFM International engines, during the International Society of Transport Aircraft Trading (ISTAT) Asia in Hong Kong.
The sale of two CFM56-7B* engines to CFM Materials underscores Sanad’s strategic shift and proactive approach to strengthening its market position in the aviation industry. Through strategic partnerships with leading aftermarket specialists, Sanad not only reaffirms its commitment but also solidifies its vital role as a key player in shaping the aviation landscape.
This strategic agreement marks a pivotal milestone for the Sanad Leasing division’s ongoing strategy, which was initiated last year with a renewed focus on monetizing existing assets and leveraging the Sanad Leasing division to empower the Sanad MRO division. The primary goal of this strategy is to drive and bolster the growth of the MRO division of Sanad.
Kashish Kohli, Group Chief Financial Officer and SVP Leasing Division at Sanad, said: “We are pleased to announce the successful sale of two CFM56 engines to CFM Materials. This transaction reaffirms our commitment to optimizing our portfolio collaborating with industry leaders like CFM Materials. We are eager to explore further synergies between our respective organizations to explore further avenues of cooperation in the future.”
This collaboration presents new opportunities for CFM Materials to support MRO networks, airlines, lessors, manufacturers, and other service providers worldwide. Adding two CFM56-7B engines to CFM Materials portfolio enables them to meet the increasing demand from customers.
Rudy Bryce, President and CEO of CFM Materials, commented: “This agreement with Sanad strengthens our commitment to support our customers by expanding our lease pool and bolstering our position as a reliable partner to engine owners, operators and CFM56 engine shops around the world.”
With over 35 years of operational excellence and trusted partnerships with over 30 customers across six continents, including world-leading international airlines and global OEMs, Sanad remains at the forefront of aerospace engineering and leasing solutions. The Sanad Leasing division, a key pillar of Sanad’s comprehensive offerings, is committed to providing integrated solutions that address the growth requirements of its partners. Currently, the Sanad Leasing division boasts a substantial portfolio exceeding USD 700 million in assets, showcasing its robust capabilities and dedication to supporting the aviation industry’s evolving needs.
About Sanad
Sanad Group (Sanad) is a global aerospace engineering and leasing solutions leader in Abu Dhabi wholly owned by Mubadala Investment Company PJSC. With more than 35 years of operational experience, Sanad supports leaders in commercial aviation with world-class maintenance, repair, and overhaul (MRO) services and financing solutions.
Visit us at www.sanad.ae. Follow us on Instagram, Facebook and LinkedIn @TheSanadGroup.
About CFM Materials
Based near DFW Airport, Texas, CFM Materials, a joint venture of GE Aerospace and Safran Aircraft Engines, is the world’s largest provider of used serviceable components for CFM International engines that power the Airbus A320 and Boeing 737 commercial jetliners, as well as the Boeing KC-135R aerial tanker operated by the U.S. Air Force.
In addition to its core operation, the company also sells surplus inventories for CFM International and provides inventory for its parent companies’ MRO (maintenance, repair and overhaul) network around the world. CFM Materials has a global presence with warehouse facilities located near DFW Airport, Texas, Amsterdam, Hamburg, and Singapore; along with sales offices in Singapore and Cardiff, Wales. www.cfmmaterials.com
*CFM56 engines are a product of CFM International, a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.
Photo: https://mma.prnewswire.com/media/2408079/Sanad_CFM.jpg
For more information, please contact: Raneem Khatib Edelman [email protected] +971 50 204 9791
View original content:https://www.prnewswire.co.uk/news-releases/sanad-announces-strategic-sale-transaction-with-cfm-materials-further-fostering-aviation-industry-collaborations-302142116.html
Artificial Intelligence
CoreWeave Invests £1 Billion in UK; Opens New European Headquarters and Data Centres in London to Bring Cloud Infrastructure to Power the AI Revolution
LONDON, May 10, 2024 /PRNewswire/ — CoreWeave, the leading specialized cloud provider for AI, today announced that it has opened an office in London as its European headquarters as part of a broader expansion into the continent. The new UK expansion represents a £1 billion investment to bolster the country’s AI potential, and will create job opportunities across engineering, operations, finance and go-to-market. CoreWeave plans to open two UK data centres in 2024 with further expansion planned in 2025.
“We are seeing unprecedented demand for AI infrastructure and London is an important AI hub that we are investing in. Expanding our physical footprint in the UK is an important milestone in the next phase of CoreWeave’s growth,” said Mike Intrator, Cofounder and Chief Executive Officer, CoreWeave. “CoreWeave’s infrastructure will fill a void in the cloud market by providing AI enterprises with localized high-performance compute solutions that will help build and deploy the next generation of AI applications.”
Prime Minister Rishi Sunak said: “Companies like CoreWeave are powering the future of AI innovation, and I am proud that they’ve backed the UK with a £1 billion investment into UK data centres and have established their European headquarters here – further cementing the UK’s position as an AI and tech superpower.
“We’re leaving no stone unturned to make the UK the best place for pioneering companies like CoreWeave to grow their roots. With the third highest number of AI companies and private investment in AI in the world, it’s clear our plan is working.”
Secretary of State of Science, Innovation, and Technology, Michelle Donelan said: “CoreWeave’s decision to base their European HQ here in London is not just a sign of our tech investment prowess, it is a resounding vote of confidence in our approach to AI and innovation. Today’s £1 billion investment will bring two new data centres to our shores, a vital tool in helping to develop the AI breakthroughs of tomorrow.
“It will also lead to new, highly paid jobs and countless opportunities for our brightest AI minds and start-ups as the UK continues to cement its global AI powerhouse credentials. Our message is clear – when it comes to investment, scaling-up, and innovation, the UK is the perfect home from home.”
CoreWeave’s new European headquarters in London is strategically located given the tremendous AI talent in the UK. The investment in the UK builds on the UK government’s established leadership fostering global awareness and engagement on responsible AI and the country’s commitment to drive investment with plans to upskill millions across the UK in AI. CoreWeave’s presence in the region will support the continued expansion of AI labs and enterprise customers across the UK, bringing much needed computing power to the UK.
CoreWeave’s existing data centres support some of the largest deployments of high-performance GPU clusters in the world, and the infrastructure through which those clusters are consumed is designed with engineers and innovators in mind. Trusted by leading AI labs and enterprises, CoreWeave Cloud manages complexity through automation to deliver the most performant and efficient cloud infrastructure for AI workloads.
About CoreWeave
CoreWeave is a specialized GPU cloud provider, designed to power the most complex workloads with customized solutions at scale. The company’s portfolio of cutting-edge technology delivers a broad range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more. Its world-class teams, talent, and engineering prowess bring unmatched speed-to-market for advanced compute. CoreWeave operates a growing footprint of data centers covering every region of the US. It was founded in 2017 and is based in New Jersey. Learn more at www.coreweave.com.
Contact
Jackson [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/coreweave-invests-1-billion-in-uk-opens-new-european-headquarters-and-data-centres-in-london-to-bring-cloud-infrastructure-to-power-the-ai-revolution-302141883.html
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