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Medical Drones Market Size Was Valued at USD 181.1 Million in 2021 and Will Achieve USD 1,282.6 Million by 2030 growing at 24.4% CAGR Fueled by the Increasing Demand for COVID-19 Vaccines – Exclusive Report by Acumen Research and Consulting

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LOS ANGELES, Aug. 16, 2022 (GLOBE NEWSWIRE) — The Global Medical Drones Market is anticipated to grow at a CAGR of around 24.4% during the forecast period 2022 to 2030 and to reach around USD 1,282.6 Million by 2027.

Medical drones are an innovation in delivering medical supplies and other healthcare-related products that cannot be delivered by land transport. Medical drones are small unmanned aerial vehicles (UAVs) that help healthcare professionals to interact with patients and transport necessary medical supplies from a distance. Drones are a perfect emerging technology for medical providers to use for both emergency and non-emergency situations as they are becoming more dependable and less expensive. Therefore, it is not surprising that the market for medical drones is expanding rapidly.

Increasing adoption of medical drones in remote areas is the leading aspect driving the medical drone market share. Rising technological advancement in the drone industry is also fueling the medical drone market growth. Delivering organ transfers, enabling home healthcare, and transporting vaccines are the recent medical drones market trend that is fueling the industry demand.

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Report Coverage:

Market Medical Drones Market
Medical Drones Market Size 2021 USD 181.1 Million
Medical Drones Market Forecast 2030 USD 1,282.6 Million
Medical Drones Market CAGR 24.4% During 2022 – 2030
Analysis Period 2018 – 2030
Base Year 2021
Forecast Data 2022 – 2030
Segments Covered By Application, By End Use and By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled DHL, SZ DJI Technology Co., Ltd, Embention, Flirtey, Matternet, Vayu, and Zipline.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

COVID-19 Impact on the Global Medical Drones Market Value

In response to the global COVID-19 outbreak, there have been reported attempts to use drone technology in various scenarios, albeit sporadically and not on a large scale. As the COVID-19 virus struck, drone companies sought ways to promote the benefits of small flying robots to those fighting the virus. To limit the spread of coronavirus, governments in various countries focused on delivering COVID-19 vaccines to remote areas. For example, on October 29, 2021, India’s Indian Council of Medical Research Organization used drones to deliver COVID-19 vaccines to Manipur, Nagaland, and the Andaman and Nicobar Islands (Source: WHO India). Furthermore, according to UNICEF – eighteen countries have implemented drones for transportation and delivery reasons during the COVID-19 pandemic. Some did it as part of experiments and tests, while others continued with their frequent drone delivery operations. Since the beginning of the pandemic, three countries in Sub-Saharan Africa, specifically Ghana, Rwanda, and Malawi, have reported the use of drones to deliver routine medical commodities, medical samples, and COVID-19 supplies. As a result, there was a positive impact on medical drone sales during the coronavirus pandemic.

Medical Drones Market Dynamics

Growing government initiatives to implement advanced devices in order to deliver quick medical supplies primarily propels the medical drones’ market revenue. For instance, the Tanzanian government and DHL partnered to introduce a programme for drone delivery of medical supplies in 2018. Additionally, Zipline is working to deliver and distribute vaccines, life-saving drugs, and blood. In addition, the collaboration of private and public organizations to provide better and instant medical supplies delivery is also supporting the global medical drone market size. For instance, in October 2019 – the Federal Aviation Administration granted UPS Flight Forward Inc. its first full Part 135 Standard certification allowing it to conduct drone airline operations.

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Integration of artificial intelligence and the development of multi-drop drones are some of the latest trends in the medical drones market that are fueling industry growth. The integration of AI with drone technology has assisted in aerial mapping, surveillance and monitoring applications, and infected patient tracking among other applications. This has triggered key players to develop innovative drones due to the widespread application of these by end-users. As a result, Folio3 Software Inc. launched AI-based drones that provide aerial mapping, monitoring real-time data and analytics, and other significant applications.

However, a lack of skilled pilots and unified air traffic management would suppress the market growth in the coming years. Besides that, strict government regulations associated with these drones are also limiting the medical drone market growth.

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Medical Drones Market Segmentation

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The global market is divided into three segments: application, end-use, and region.

Based on application, the market is split into blood transfer, vaccination programs, and drugs/pharmaceutical transfer. According to our recent medical drone industry analysis, the vaccination program sub-segment is anticipated to achieve the fastest growth rate in the coming years. The rapid spread of the COVID-19 pandemic coupled with the increasing vaccination program across the world primarily fuels the segmental growth. In terms of share, the blood transfer segment achieved a noteworthy market number due to the increased number of patients requiring blood in the world.

Furthermore, emergency medical services and blood banks are the bifurcations of the end-use segment. According to our medical drones market forecast, the blood bank sub-segment will lead the market from 2022 to 2030. The rising need for blood in various end-users such as hospitals, clinics, ambulatory centers, and other medical centers is fueling the blood bank segmental growth.

Medical Drones Market Regional Outlook

The global medical drones market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Based on our medical drones market regional analysis, the North America region occupied the maximum amount of share in 2021 and is likely to continue its dominance during the forecast timeframe from 2022 to 2030. The farthest adoption of medical drones and the presence of prominent players in the US and Canada are the primary factors boosting the North American medical drone market.

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In terms of growth, Asia-Pacific is likely to witness a notable CAGR from 2022 to 2030. The increasing government investments and initiatives for medical drones, advancements in UAV technology, and rising research & development activities to develop AI-based medical drones are the factors that are supporting the Asia-Pacific medical drones market.

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Medical Drones Market Players

Some prominent medical drone companies covered in the industry are DHL, Ebre Drone LLC, SZ DJI Technology Co., Ltd, Embention, Flirtey, Matternet, SkyfarerLtd., Vayu, Volocopter GmbH, and Zipline.

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Browse More Research Topic on Healthcare Sector:

The Global Cell and Tissue Preservation Market is anticipated to grow at a CAGR of around 11.5% during the forecast period 2021to 2028. The market was valued at around USD 2.9 Billion in 2020.

The Global Pregnancy Care Products Market size is anticipated to around USD 34.2 million by 2026, this market is anticipated to grow 5.5% CAGR during the forecast time period.

The Global Sternal Closure Systems Market size is anticipated to around USD 3.2 Billion by 2026, this market is anticipated to grow with 6.5% CAGR during the forecast time period.

About Acumen Research and Consulting:

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Acumen Research and Consulting

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Artificial Intelligence

ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Email: [email protected]

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Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Contact
Sundeep Mehta, +91()9910030732, [email protected] 
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Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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