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Diabetes Devices Market Size is projected to reach USD 49.25 Billion by 2030, growing at a CAGR of 6.62%: Straits Research

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New York, United States, July 20, 2022 (GLOBE NEWSWIRE) — The global diabetes devices market had a market share of USD 27,662.11 million in 2021, according to the new report of Straits Research. It is predicted to grow at a CAGR of 6.62% from 2022 to 2030. The global diabetes devices market is expected to grow due to the increasing focus on diabetes care and technological advancements in product innovation. The use of diabetic devices is anticipated to grow due to the growing number of initiatives being conducted by governments and charity groups to raise diabetes awareness.

The Ministry of Health and Family Welfare, the WHO Country Office for India, and other partners, for example, have established mDiabetes, a mobile health program. This public health effort aims to raise awareness about diabetes early detection and treatment. Similarly, WHO and IDF collaborate to prevent and control diabetes while also ensuring a high quality of life for individuals worldwide.

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For example, the WHO Diabetes Program aims to prevent type 2 diabetes, reduce complications, and improve diabetes patients’ quality of life. To increase diabetes prevention and control, NGOs and governments are developing norms and standards, raising knowledge about diabetes prevention, and supporting surveillance. As a result, the growing number of diabetes awareness initiatives is likely to contribute to diabetes diagnosis, hence increasing the usage of diabetic devices.

Technological Innovations and Product Advancements to Drive the Diabetes Devices Market

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Demand for these devices is being driven by introducing high-end insulin pumps and pens and technological developments in diabetic devices. Leading manufacturers focus on technological advancements and introduce innovative products to gain a significant market share. Novo Nordisk, for example, launched the NovoPen Echo, a new instrument on the market, in January 2014. This is the first gadget in the United States with memory and half-unit dosing features.

In August 2016, Medtronic introduced the MiniMed 630G system in the United States, an integrated insulin pump with continuous glucose monitoring (CGM) technology that delivers better glucose management than multiple injections while avoiding hypoglycemia. As a result, market growth is fueled by technological advances and product improvements.

Report Scope

Report Metric Details
Market Size USD 49.25 Billion by 2030
CAGR 6.62% (2020-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Distribution Channel, Application, and Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Medtronic,Abbott,Ascensia Diabetes Care Holdings AG,Dexcom Inc.,Hoffmann-La Roche Ltd.,Sanofi,Novo Nordisk A/S,Insulet Corporation,Ypsomed,Valeritas Inc
Key Market Opportunities Untapped Opportunities in Developing Economies
Key Market Drivers Growing Focus on Diabetes Care
Technological Innovations and Product Advancements

Buy Now Full Report @ https://straitsresearch.com/buy-now/diabetes-devices-market

Impact of COVID-19

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The COVID-19 outbreak provided a severe barrier to healthcare delivery, with severe consequences for diabetes treatment. The closure of routine outpatient clinics has hampered diabetes treatment, reduced inpatient capacity, personnel shortages, medicine shortages, costly medicine, delayed care-seeking, limited self-care practice, transportation issues, and undiagnosed cases/events.

Diabetes device sales, on the other hand, have risen as a result of consumers’ constant monitoring of their diabetes status to avoid infection with the COVID-19 virus, which is particularly sensitive to people with diabetes. The overall diabetic devices market growth was limited during the first phase of the pandemic due to severe supply chain limitations.

For the global diabetic devices market, the post-pandemic period will be critical. Manufacturing operations may impede the recovery process, affecting market dynamics and product prices. Also, other end-user sectors, suppliers, and vendors may be unable to meet customer demand due to limited manufacturing, support operations, labor shortages, and other constraints. Overall, the global diabetes devices market recovery will be difficult.

Key Insights

  • The Global Diabetes Devices Market was valued at USD 27,662.11 million in 2021 and is anticipated to register a CAGR of 6.62% by 2030.
  • By product, the insulin delivery devices segment will likely dominate the market with expected revenue of USD 30,412.19 million by 2030.
  • By distribution channel, the retail pharmacies segment will likely dominate the market with expected revenue of USD 11,491.59 million by 2030.
  • By end-use, the food packaging segment will likely dominate the market with expected revenue of USD 19,845.68 million by 2030.
  • Geographically, the global diabetes devices market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America and Europe were the two significant regional markets in 2021.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/diabetes-devices-market/request-sample

List of Key Players 

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  • Medtronic
  • Abbott
  • Ascensia Diabetes Care Holdings AG
  • Dexcom Inc.
  • Hoffmann-La Roche Ltd.
  • Sanofi
  • Novo Nordisk A/S
  • Insulet Corporation
  • Ypsomed
  • Valeritas Inc.

Global Diabetes Devices Market: Segmentation

By Type

  • Blood Glucose Monitoring Devices
  • Insulin Delivery Devices

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Diabetes Clinics/Centers
  • Online Pharmacies
  • Others

By End-Use

  • Hospitals
  • Homecare
  • Diagnostics Centers

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

TABLE OF CONTENT
1          Introduction
1.1      Market Definition
1.2      Market Scope
2          Research Methodology
2.1      Primary Research
2.2      Research Methodology
2.3      Assumptions & Exclusions
2.4      Secondary Data Sources
3          Executive Summary
4          Market Overview
4.1      Report Segmentation & Scope
4.2      Value Chain Analysis: Diabetes Devices Market
4.2.1  Vendor Matrix
4.3      Key Market Trends
4.3.1  Drivers
4.3.2  Restraints
4.3.3  Opportunities
4.4      Porter’s Five Forces Analysis
4.4.1  Bargaining Power of Suppliers
4.4.2  Bargaining Power of Buyers
4.4.3  Threat of Substitution
4.4.4  Threat of New Entrants
4.4.5  Competitive Rivalry
4.5      Environment & Regulatory Landscape
4.6      Forecast Factors & Relevance of Impact
4.7      Macro-Economic & Geopolitical Scenario
4.8      Parent Market Overview
4.9      Technology Landscape
4.10   Market Share Analysis
4.11   Potential Venture Analysis
4.12   Regional Price Trends
4.13   Raw Material Trends
4.14   Cost Structure Analysis
4.14.1            Labor Cost
4.14.2            Consumables
4.14.3            Maintenance Cost
4.15   Covid-19 Impact Analysis:
4.15.1            Pre and Post Covid-19 Market Scenario Analysis
4.15.2            Market Recovery Timeline and Challenge
4.15.3            Measures Taken by Top Players
4.15.4            Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1        North America
4.15.4.2        Europe
4.15.4.3        Asia-Pacific
4.15.4.4        Central and South America and the Caribbean
4.15.4.5        The Middle East and Africa
5          Type Overview
5.1      Introduction
5.1.1  Market Size & Forecast (Value & Volume)
5.2      Blood Glucose Monitoring Devices
5.2.1  Market Size & Forecast (Value & Volume)
5.3      Insulin Delivery Devices
5.3.1  Market Size & Forecast (Value & Volume)
6          Distribution Channel Overview
6.1      Introduction
6.1.1  Market Size & Forecast (Value & Volume)
6.2      Hospital Pharmacies
6.2.1  Market Size & Forecast (Value & Volume)
6.3      Retail Pharmacies
6.3.1  Market Size & Forecast (Value & Volume)
6.4      Diabetes Clinics/Centers
6.4.1  Market Size & Forecast (Value & Volume)
6.5      Online Pharmacies
6.5.1  Market Size & Forecast (Value & Volume)
6.6      Others
6.6.1  Market Size & Forecast (Value & Volume)
7           Applications Overview
7.1      Introduction
7.1.1  Market Size & Forecast (Value & Volume)
7.2      Hospitals
7.2.1  Market Size & Forecast (Value & Volume)
7.3      Homecare
7.3.1  Market Size & Forecast (Value & Volume)
7.4      Diagnostics Centers
7.4.1  Market Size & Forecast (Value & Volume)
8          Regional Overview
8.1      Introduction
8.1.1  Market Size & Forecast (Value & Volume)
8.2      North America
8.2.1  Economic Overview
8.2.2  Market Scenario
8.2.3  U.S.
8.2.4  Canada
8.2.5  Mexico
8.3      Central and South America and the Caribbean
8.3.1  Economic Overview
8.3.2  Market Scenario
8.3.3  Brazil
8.3.4  Argentina
8.3.5  Colombia
8.3.6  Rest of Central and South America and the Caribbean
8.4      Europe
8.4.1  Economic Overview
8.4.2  Market Scenario
8.4.3  Germany
8.4.4  France
8.4.5  The U.K.
8.4.6  Italy
8.4.7  The Rest Of Europe
8.5      Asia-Pacific (APAC)
8.5.1  Economic Overview
8.5.2  Market Scenario
8.5.3  China
8.5.4  Japan
8.5.5  India
8.5.6  Australia
8.5.7  South Korea
8.5.8  Rest Of APAC
8.6      Middle East
8.6.1  Economic Overview
8.6.2  Market Scenario
8.6.3  South Arabia
8.6.4  The UAE
8.6.5  Qatar
8.6.6  Oman
8.6.7  Turkey
8.6.8  The Rest Of Middle East
8.7      Africa
8.7.1  Economic Overview
8.7.2  Market Scenario
8.7.3  Nigeria
8.7.4  South Africa
8.7.5  The Rest Of Africa
9          Competitive Landscape — Manufacturers & Suppliers
9.1      Competition Dashboard
9.2      Industry Structure
9.3      Medtronic
9.3.1  Business Overview
9.3.2  Financial Performance
9.3.3  Recent Developments
9.3.4  Portfolio
9.4      Abbott
9.5      Ascensia Diabetes Care Holdings AG
9.6      Dexcom Inc.
9.7      Hoffmann-La Roche Ltd.
9.8      Sanofi
9.9      Novo Nordisk A/S
9.10   Insulet Corporation
9.11   Ypsomed
9.12   Valeritas Inc
10       Conclusion & Recommendation
11       Acronyms & Abbreviation

Table of Content and Figure @ https://straitsresearch.com/report/diabetes-devices-market/toc

Market News

  • In November 2020, Novo Nordisk purchased Emisphere Technologies, a drug delivery technology company. Novo Nordisk will acquire a competitive edge in the oral antidiabetic market due to the acquisition.
  • In November 2020, in Europe and the United States, Eli Lilly committed to commercializing Ypsomed Insulin Pumps with CGM devices.

News Media
United We Stand: How Nations Are Coping with The Pandemic
How Wearable Devices are Changing Healthcare, 21% of People in the US Regularly Wear a smartwatch
Coronavirus Crisis – Impact Of COVID-19 On Healthcare Industry

Have a Look at the Related Research Report?
Diabetes Supplement Market: Information by Supplements Types (Vitamins, Artificial Sweeteners), Distribution Channel (Hospital Pharmacies, Retail Pharmacies), Dosage Forms—Forecast Till 2030
Diabetes Management Market: Information by Device Type (Diagnostic Devices, Monitoring Devices) and Therapeutics Type (Injectables and Oral), and Region — Forecast till 2029
Needle Free Injection Systems Market: Information by Product (Prefilled, Fillable), Technology, Usability, Type of Medication, Delivery Site, and Regional Outlook – Forecast Till 2026
Smart Insulin Pens and Pumps Market: Information By Product Type(Insulin Pens, Insulin Pumps), Distribution Channel(Hospital Pharmacy, Retail Pharmacy),and Region -Forecast Till 2026
Smart Insulin Pens Market: Information by Product (Smart Insulin Pens), Usability (Disposable), Application (Type 1 Diabetes), Mode of Distribution, and Region — Forecast till 2029

About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

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Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:
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Scorpios’ Summer Cultural Series Redefines AI & Visual Art in Mykonos & Bodrum

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LONDON, July 3, 2024 /PRNewswire/ — Scorpios, the renowned beach concept and creative gathering place, in partnership with art tech pioneers HOFA Gallery, announces ‘Evolving Perspectives’ the second edition of their Encounters summer arts programme. Running from 18 July to 18 September, this 9-week series expands to take place across Scorpios’ two stunning beachfront locations, Mykonos and the newly opened Bodrum.  Featuring immersive installations and live music performances, the programme will showcase AI and visual artists, headlined by Joseph Klibansky, Random International, and Sougwen Chung – all revered for pushing the boundaries of art and technology.

Building on the success of 2023’s inaugural edition launched with Turkish AI artist and director Refik Anadol, his special collaboration with the Yawanawa Indigenous communities of Brazil’s Amazon, was regarded as a profound exploration of the relationship between human consciousness and nature. Over half a million people attended last year’s programme, generating $3 million in artwork sales, with Refik Anadol’s Yawanawa heritage project alone selling out in hours and raising $1.5 million for the preservation campaign. 
HOFA Co-founder Elio D’Anna says: “The 2023 season of Encounters was a groundbreaking and very successful programme that brought together AI and digital artists, musicians, and an audience of global changemakers and creatives through a series of live performances and installations. 
“This year’s ‘Evolving Perspectives’ programme continues to push boundaries, making it the most exciting synchronisation of visual art and cultural engagement, while also delivering a very powerful message on the power of AI and human-machine collaboration to help us achieve a more harmonious coexistence with nature.” 
The Mykonos lineup headlines Dutch contemporary artist Joseph Klibansky from 18-21 July 2024. Celebrated for his innovative use of technology in art and sculpture, will present ‘Tree of Life’ merging digital art with environmental stewardship. This collection creates a unified visual narrative rich in depth and storytelling, featuring intricate patterns and vibrant colours inspired by nature. The new ‘Tree of Life’ collection includes a large-scale video sculpture installation to be exhibited at Scorpios Mykonos, along with 1,000 unique digitally painted fine art prints with a matching digital companion. Each artwork boasts its own unique traits, ensuring every piece is one-of-a-kind.
Moreover, Klibansky combines visual art with environmental awareness. For every artwork sold, the partnering non-profit One Tree Planted will plant physical trees in the Amazon. 
In Bodrum between 22-25 August 2024, the art group Random International, a German duo with studios in London and Stockholm, will present an immersive installation that invites visitors to engage physically with a seemingly sentient, digital swarm. Titled ‘When Tomorrow Comes’, the work features a custom tracking system and flocking algorithm to create an interactive digital sculpture blending technology with human perception and interaction. 3 sets of 150 limited signed edition prints of ‘When Tomorrow Comes’ will be available for purchase.
A global name in human-machine collaboration, and multi-award winning Chinese-Canadian artist Sougwen 愫君 Chung will perform a live showcase with the robotic system D.O.U.G. (Drawing Operations Unit Generation at Scorpios Bodrum between 5-8 September 2024. The single scheduled performance during that weekend offers a unique opportunity to experience their groundbreaking collaborative work. Chung’s innovative approach to combining human artistry with AI technology has earned them international acclaim, including a spot on TIME Magazine’s TIME100 AI list as one of the world’s most influential people in AI and the TIME Impact Award 2024.
Accompanying the performance will be the debut of ‘Genesis II: Body Machine’, a collection of unique artworks. The works in ‘Body Machine’ speculate on the future of the robotic form intertwined with the human body. Each bespoke work is generated from the artist’s drawing choreography captured in three dimensions and paired with exclusive signed prints. 
All prints and digital artworks will be available for purchase through Scorpios Collect.
The headline artist events are also supported by a programme of featured AI and visual artists, encompassing music into these collaborative events, they will take place throughout the 2024 summer season in both Mykonos and Bodrum. 
Scorpios Co-Founder Thomas Heyne says: “We use digital art to create holistic experiences. Interaction and immersion enhance the overall experience, taking guests on a journey where they feel inspired. We are excited to welcome Joseph Klibansky, Random International, and Sougwen Chung to this year’s Encounters program, showcasing how AI can teach us about living in harmony with nature.”
WWW.THEHOUSEOFFINEART.COMWWW.SCORPIOS.COMWWW.SCORPIOS.COM/ENCOUNTERSWWW.SCORPIOSCOLLECT.COM
Media contact: Emma-Louise O’Neill; [email protected]; +44 7515 136909 
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Two Belgian hospitals live with Sectra’s public cloud service for medical imaging based on Microsoft Azure

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LINKÖPING, Sweden, July 3, 2024 /PRNewswire/ — Two hospitals in Belgium are successfully live with the public cloud service from international medical imaging IT and cybersecurity company Sectra (STOCKHOLM: SECT-B). As the first to use Sectra One Cloud in the Benelux countries, the two hospitals have begun experiencing the benefits of a cloud service such as improved ability to share resources between the sites and more streamlined workflows.

In the city of Bruges in Belgium, the hospitals AZ Sint Lucas and AZ Sint Jan began their journey to the cloud following a contract with Sectra signed in 2023. As the first in the Benelux countries to adopt Sectra’s enterprise imaging as a fully managed service in the public cloud, these hospitals have now gone live with the service.
One of the main reasons for this shift was the need to streamline operations and enhance collaboration between the two sites. Since 2021, the 23 radiologists and nine trainees of both hospitals have worked together in one single association. Previously, they were unable to work in one environment as they were using two different PACS providers. This made it much harder to collaborate. This need originates from the challenge many hospitals face today of dealing with heavy workloads. 
“With an aging population come increasing needs. We are already experiencing a lack of resources and heavier workload. With more and more exams to report on and a shortage of staff, our radiologists are having a hard time coping with the everyday workload. A state-of-the art communal PACS system could help streamline workflow and improve efficiency,” says Dr. Jesse Marrannes, radiologist at AZ Sint-Jan and main medical responsible for this PACS project.
Bart Thielen, Managing Director, Sectra Benelux, adds: “Healthcare today needs to be able to cope with the increasing need for diagnostics and specialized care. Transitioning to the cloud is the first step for hospitals wanting to use new technology to cope with these challenges, as the service offers the needed scalability and security. Many hospitals also deal with staff shortages when it comes to qualified IT staff. I am very happy to offer a solution that will take away some of the stress and resources usually needed to manage the system.”
He continues: “AZ Sint Jan and AZ Sint Lucas pave the way for the transition to public cloud for medical imaging in the Benelux and I’m excited to follow their journey.”
The service is based on Microsoft Azure and fully managed by Sectra. The hospitals saw the potential of the service helping to relieve burden on their IT staff and resources. “The fact that it is a fully managed service and deployed in the cloud gives us more time to focus on the care of our patients rather than on the maintenance of the IT-system and the storage and accessibility of data,” said Annelies Meyns, Head of ICT Applications at AZ Sint Jan, when the project was initiated.
The implementation process began shortly after the contract was signed, with Sectra closely collaborating with hospital teams to ensure a seamless transition. “Moving everything to the cloud is a monumental task, but Sectra’s commitment made it manageable and efficient,” says Jurryt Laleeuwe, Head of ICT Applications at AZ Sint Lucas.
The cloud service is now fully operational, bringing notable enhancements. “The new system has already enhanced our ability to share resources and collaborate on patient cases. The ability to tailor our workflows has also greatly benefited our radiologists, especially for overarching multidisciplinary team meetings” says Dr. Pieter Vandaele, Head of the Department of Radiology at AZ Sint Lucas.
He continues: “The implementation and experience so far have been very positive, and I look forward to seeing the ongoing benefits of this cloud service.”
Sectra’s enterprise imaging solution provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in “Best in KLAS.”
About SectraSectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2023/2024 fiscal year totaled SEK 2,964 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.
For further information, please contact:Dr. Torbjörn Kronander, CEO and President Sectra  AB, 46 (0) 705 23 52 27 Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, 46 (0)708 23 56 10
This information was brought to you by Cision http://news.cision.com
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Barrington James Announces Strategic Acquisition of S3 Science Recruitment

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LONDON, July 3, 2024 /PRNewswire/ — Barrington James, a global leader in Life Science Recruitment, proudly announces the acquisition of S3 Science Recruitment, a firm renowned for its expertise in drug discovery, medical research, and the broader field of life sciences. Terms of the transaction were not disclosed.

This strategic acquisition marks a significant milestone for Barrington James, enhancing the company’s commitment to expanding its client-service capabilities and supporting the development of cutting-edge technology. This integration will provide clients with greater access to exceptional talent on both a permanent and temporary basis.
Dan Barrington, CEO of Barrington James, stated: “We are thrilled to acquire S3 and expand our Human Capital services in Life Sciences. This acquisition enhances our offerings across Board and Executive partnerships, Permanent Recruitment, Contract Recruitment, Staffing, OSP, and FSP. S3’s expertise in Clinical and Pre-Clinical specializations, both on a temporary and permanent basis, will perfectly complement Barrington James’ comprehensive Life Science services, from Clinical to Post-Marketing, A.I., and beyond. We are excited to collaborate with Alex Barrie, and his team, and we look forward to significantly growing S3 in the coming years.”
Alex Barrie, Director of Recruitment at S3, stated: “Clients of S3 Science Recruitment can expect a seamless transition, marked by the same dedication to excellence and personalized service they have come to rely on. Like Barrington James, we are deeply committed to delivering exceptional value and support to all our clients. By integrating the strengths of both companies, we are not only maintaining our high standards but also elevating them. The exciting integration of S3 Science into Barrington James enables us to offer an even broader and more comprehensive range of staffing solutions, ensuring that our clients benefit from a superior recruitment experience.”
About Barrington James:
Barrington James is a global, industry-leading recruitment business serving the Pharmaceutical, Biotechnology, and Medical Device sectors. With a global presence and a team of hundreds of specialists, we deliver world-class recruitment solutions to life science companies of all sizes. Leveraging a network of over 6 million industry professionals and advanced AI platforms, our expert consultants provide a personalized approach to global life science recruitment. For more information, please visit barringtonjames.com.
About S3 Science Recruitment:
S3 Science Recruitment connects talented individuals with leading organizations and institutions across the UK, Europe, and the United States. Our mission is to enable groundbreaking discoveries and life-saving treatments today. Specializing in drug discovery, medical research, and the broader Life Sciences field, we support the UK’s leadership in developing cures and treatments. Since 2002, S3 Science Recruitment has helped Life Sciences organizations find passionate individuals dedicated to medical advancement, particularly in animal research. We believe attracting talent to this vital industry is just the beginning of greater achievements. For more information, please visit s3science.com.
CONTACT: Amy TilburyHead of [email protected]+44 (0) 1293 776644
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