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Artificial Intelligence

AI in Mental Health Global Market Report 2022: Rising Digitalization of Healthcare Bodes Well for Market

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Dublin, Nov. 25, 2022 (GLOBE NEWSWIRE) — The “AI in Mental Health: Global Market Outlook” report has been added to ResearchAndMarkets.com’s offering.

The rise of digital approaches to mental health has led to the development of predictions, detections, and treatment solutions based on artificial intelligence (AI) and machine learning (ML). Digital interventions, especially web and smartphone apps, are incorporating AI to enhance mental health care and optimize the user experience. A modern data stream enables the development of mental health prediction and detection models based on data-driven AI methods.

Despite the surge in depression and anxiety triggered by the pandemic, the suicide problem has not improved. Based on trained data sets, AI algorithms identify people’s behavior and mental activities and assist in suicide prevention. Suicide is prevented by detecting patterns and acting quickly to avoid negative consequences. With the adoption of AI, specialists can understand victims’ mental health and address the problem earlier. In this way, it helps in reducing the number of suicides worldwide. In the field of mental healthcare, AI has been utilized. Currently, AI is being used both in clinician- and customer-marketed apps, but there are many issues with its current implementation, including efficacy,
privacy, and security.

Social media and internet browsing have reduced face-to-face communication and increased loneliness because of prolonged internet use. The use of AI based mental health apps has increased due to the rise in mental disorders caused by chronic diseases like diabetes and cardiovascular disease.

In addition, poor work-life balance, poor eating habits, social isolation, hectic schedules, and relationship issues are all contributing factors to the rise of mental illness across the globe, particularly in developed and emerging countries. The creation of advanced and updated applications, as well as increased awareness among people in developing economies, are anticipated to provide prospects over the forecast period.

In this report, the global market AI in mental health has been segmented based on offering, technology, disorder type, and geography. Based on offering, the AI in mental health market has been categorized into solutions and services. Based on technology, the AI in mental health market has been segmented into ML, natural language processing, and others.

By geography, the AI in mental health market has been segmented into North America, Europe, Asia- Pacific, and RoW. The North America region is currently the most dominant market for the global AI in mental health market. Smartphone adoption, network advancements, and internet and social media penetration drive the market. Increasing awareness about mental health in recent years, addiction to different substances, and less social interaction have contributed to APAC’s growth.

Report Includes

  • 12 data tables and 16 additional tables
  • A brief general outlook of the global market for AI in mental health prediction, detection and treatment solutions
  • Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size and revenue forecast for AI in mental health market, and the corresponding market share analysis offering, technology, disorder type, and geographic region
  • Updated information on market drivers and opportunities for AI in enhancing mental health care, key shifts and trends, regulations and industry specific challenges, and other demographic factors that will shape this market demand in the coming years (2022-2027)
  • Discussion of the industry value chain analysis for AI in mental health market providing a systematic study of key intermediaries involved, with emphasis on solutions and service providers across geographies
  • Patent activity and review of patent grants for AI in mental health by each major category
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Company profiles of major players within the industry, including Ginger, Lyra Healthcare Inc., Quartet and Woebot Health
Report Attribute Details
No. of Pages 50
Forecast Period 2022 – 2027
Estimated Market Value (USD) in 2022 $880.7 Million
Forecasted Market Value (USD) by 2027 $3844.2 Million
Compound Annual Growth Rate 34.3%
Regions Covered Global

Key Topics Covered:

Chapter 1 Market Outlook

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Market Opportunities/Technological Impact in Each Disorder Type
4.1 Market Opportunities
4.1.1 Growing Number of AI Start-Ups Catering to Mental Health
4.1.1 Growing Demand for Apps That Offer Ease of Access
4.2 Disorder Type
4.2.1 Suicide Management
4.2.2 Stress Management
4.2.3 Mood Disorder

Chapter 5 Market Breakdown by Offering, Technology
5.1 AI in Mental Health Market by Offering
5.1.1 Solutions
5.1.2 Services
5.2 Ai in Mental Health Market, by Technology
5.2.1 Machine Learning
5.2.2 Natural Language Processing
5.2.3 Others

Chapter 6 Market Breakdown by Region
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the World

Chapter 7 Company Profiles

Chapter 8 Project Scope and Methodology
8.1 Scope of Report
8.2 Methodology
8.3 Analyst’s Credentials
8.4 Custom Research
8.5 Related Research Reports

Companies Mentioned

  • Ginger
  • Lyra Health Inc.
  • Meru
  • Mindstrong Health
  • New Life Solution Inc.
  • Quartet
  • Spring Care Inc.
  • Talkspace Inc.
  • Woebot Health
  • Wysa Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/gy021r

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Artificial Intelligence

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

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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]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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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.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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