Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Clinical Alarm Management Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

Published

on

New York, Aug. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Clinical Alarm Management Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06311676/?utm_source=GNW
While a few industries will register a drop in demand, numerous other markets will continue to remain unscathed and show promising growth opportunities. Clinical alarm management is one such industry that might have a positive impact due to the COVID 19 pandemic owing to the extensive patient pool getting admitted in the hospital due to the infection as it is essential and mandatory to keep track of patient’s health and to provide proper effective treatment to the patients at healthcare facilities.

However, the false alarms have also been a concern in the current pandemic which is creating unnecessary chaos among the healthcare representatives, which is likely to increase the focus on proper implementation of clinical alarm systems at hospitals and COVID 19 healthcare facilities.

As per an August 2020 research study titled “Curbing COVID-19-Related Alert Fatigue”, the results demonstrated that 85% to 99% of alarms per day at clinical facilities do not require clinical action and COVID-19 creates added urgency for the need to reduce such nuisance alerts to protect the health and safety risks of the respiratory therapists or nurses who investigate alarms in person while wearing personal protective equipment (PPE), which is also still in short supply.

The growth is attributed to growing prevalence of chronic diseases coupled with longer hospital stays, increasing awareness among the healthcare providers in optimizing patient safety using advanced technologies such as mHealth, alarm management systems. Also, growing investment in healthcare infrastructure by government and private health care providers is expected to fuel the market growth. If properly managed or standardized, systems may give the false alarm and sometimes patient health may be at risk. According to OECD, Health at a Glance, 2019 report, almost one third of people aged 15 years and over reported living with two or more chronic conditions, that include cancer, heart attack and stroke, chronic respiratory problems and diabetes, on average across 27 OECD countries globally. In Germany and Finland, the prevalence of chronic diseases rises to almost one in two.

However, Lack of standardization and improper management of the systems may impede Clinical Alarm Management market growth. However, the implementation of big data and artificial intelligence to optimize the workflow, reduction of false alarms and innovation in product technologies are fuelling the market growth.

Key Market Trends

Long term care Segment Expected to have Lucrative Growth

Long term care facilities are the healthcare centers that provide a variety of services including both medical and personal care, to people who are unable to live independently and for geriatric patients. People frequently need long-term care when they have a severe, continuing health ailment or disability. The necessity for long-term care can arise suddenly, such as after a heart attack or stroke.

Clinical alarm management services and solutions play an important role at long-term care centers as the patients at these centers are either critically ill or aged patients who require continuous monitoring and management of their health and wellness. As per 2019 research study titled “Alarming and/or Alerting Device Effectiveness in Reducing Falls in Long-Term Care (LTC) Facilities? A Systematic Review”, the results of the study demonstrated that as falls within long-term care (LTC) facilities are a growing concern and alarming devices can be a key intervention in the safety of those residents who are prone to falls.

Growing prevalence of chronic diseases coupled with the increasing geriatric population globally are the major factors driving the respective segment in the market studied. According to the World Ageing Population report, in 2019, around 703 million people aged 65 years and above were living all across the world. Over the next three decades, this number of older populations is expected to increase more than double, over 1.5 billion by the year 2050.

Older population is often susceptible to hearing loss, cataracts and refractive errors, back and neck pain and osteoarthritis, chronic obstructive pulmonary disease, diabetes, depression, and dementia. This indicates the rising demand for devices required for diagnosis, treatment, monitoring and management of the diseases. As per the data of Alzheimer’s Association, in 2020, about 5.8 million people aged 65 years and above are suffering from Alzheimer’s dementia in the United States and this number is expected to reach around 13.8 million in the year 2050. Thus, owing to the aforementioned factors the usage of clinical alarm management solutions and services are expected to grow significantly during the forecast period.

North America Expected to have Significant Market Share

North America region is anticipated to have a significant market share owing to well-established healthcare infrastructure, new product launches, and the presence of key market players. Hospitals in the region are consolidating at a rapid pace and there is rising competition is due to this healthcare providers are investing huge amounts in advancing the infrastructure such as alarm management systems to improve patient care. Moreover, the presence of a large pool of population and increasing healthcare spending in the region is projected to fuel the regional market growth.

According to the Center for Disease Control and Prevention 2021 updated statistics, 6 in 10 adults in United States have at least one chronic disease and 4 in 10 adults in United States have two or more chronic diseases. As per the same report heart disease, cancer, chronic lung disease, stroke, Alzheimers Disease, Diabetes and Chronic Kidney Disease and posing around USD 3.8 trillions annual healthcare costs on the country’s healthcare system.

The companies are actively involving in the new product launches developments and collaborations to expand their footprint in United States. For instance, in February 2019, Nihon Kohden launched its NK-HiQ Enterprise Gateway, the next-generation platform that integrates data from Nihon Kohden patient monitoring devices and consolidates multiple applications into a single powerful platform. NK-HiQ Enterprise Gateway consists of 7 extensions AWARE alarm management and reporting software application, NK-HiQ CNS remote client, NK-HiQ ECG server extension, NK-HiQ HL7 server extension, NK-HiQ Pager server extension, NK-HiQ Wireless server extension, ViTrac remote viewing.

In April 2018, Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc and Bernoulli Health,. entered into a partnership to elevate clinical alarm management by capturing and evaluating real-time patient data and alarms from multiple clinical systems and delivering actionable alerts to the right caregiver for swift response.

The Asia Pacific region is anticipated to have lucrative market growth owing to developing healthcare infrastructure and adaptation of advanced technologies in caregiving. Furthermore, increasing disposable income and increased access to the organized healthcare facilities in developing countries such as India and China is projected to boost the regional market over the forecast period.

Competitive Landscape

Global clinical alarm management market is moderately fragmented and competitive. Market players are focusing on new product launches, product innovations and geographical expansion. Also, companies are focused on partnerships and integrating technologies to provide advanced care. For instance, in August 2018, Ascom and Dragner have integrated Ascom Unite Connect for clinical systems software with Dräger Infinity patient monitoring systems to improve patient care. The companies operating in the market include Baxter International Inc., Koninklijke Philips N.V., Ascom Holding AG, Capsule Technologies, Inc. and Vocera Communications among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06311676/?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.

__________________________


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

Published

on

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 
 
 

View original content:https://www.prnewswire.co.uk/news-releases/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-302103284.html

Continue Reading

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

Published

on

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]
Logo – https://mma.prnewswire.com/media/632519/XtalPi_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/xtalpi-unveils-xtalgazer-a-comprehensive-ai-driven-polymorph-selection-platform-302102794.html

Continue Reading

Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

Published

on

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.
Logo: https://mma.prnewswire.com/media/619935/4277787/ICIS_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html

Continue Reading
Advertisement

Latest News

Trending