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Wearable Medical Devices Market To Develop Strongly And Cross USD 165.5 Bn By 2032 | CAGR 19.1%

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New York, March 08, 2023 (GLOBE NEWSWIRE) — Market.us has published a new report on the wearable medical devices market was valued at USD 30.1 billion in 2022 and is estimated to exceed USD 165.5 Bn from 2023 to 2032, it is anticipated to expand at a CAGR of 19.1%. By evaluating our senses and providing numerical data, the market for wearable medical gadgets generates a market that will aid in tracking people’s health. PEMA and TENS usage increased as a result of chronic conditions, which helped determine, monitor, and maintain people’s health. The need for wearable medical technology is therefore very significant.

Wearable Medical Devices Market Value

Get additional highlights on major revenue-generating segments, Request a Wearable Medical Devices Market sample report at https://market.us/report/wearable-medical-devices-market/request-sample/

Key Takeaway:

  • By product type, the tracker has acquired the highest market share in the wearable medical devices market.
  • By device type, diagnostic and monitoring devices has the largest market share, anticipated to grow by 10.6% throughout the forecast period.
  • By Application, the largest market share is held by the home healthcare segment.
  • In terms of distribution channels, the market for wearable medical gadgets has been dominated by pharmacies.
  • In 2022, with 38.3% of the global market, North America holds the greatest market share.

Fitbits and smartwatches are only two examples of wearable technology that can be worn on the body. Also, it is simple to adapt to and has access to several existing technologies. Moreover, real-time data on a patient’s health and exercise routines is gathered and communicated using medical wearable technology. 

Factors affecting the growth of Wearable Medical Devices industry?

  • Surging Number of Lifestyle Diseases: The market for wearable medical devices is expected to develop significantly in the coming years due to the increasing prevalence of sedentary or inactive lifestyles and the consequent rise in lifestyle illnesses including hypertension and diabetes.
  • Healthcare professionals provide personalised attention: Individualized treatment is provided by healthcare professionals, including constant remote patient monitoring. Also, wearing them for a full day won’t hinder regular tasks. Because of all the advantages it offers, wearable medical device demand is anticipated to rise over the forecast period.
  • Increasing awareness of regional and national healthcare organizations: Regional and national healthcare organisations have actively pushed routine diagnosis through a variety of marketing and awareness initiatives. This has caused a rise in public awareness of products and equipment for diagnosing and keeping track of vital signs.
  • Advancements in products: This market is expected to be fueled by advancements in products for monitoring several parameters, including heart rate, skin temperature, and activities like steps count.

To understand how the Wearable Medical Devices Market report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/wearable-medical-devices-market/#inquiry

Top Trends in Global Wearable Medical Devices Market

The COVID-19 epidemic has highlighted the urgent need to put health first. It was noted that various market participants were pushing their wearable technology to aid in the fight against COVID-19 in the middle of 2020. Healthcare wearables are also becoming an essential tool to enhance bedside care as well as clinical mobility, particularly smartwatches. Several research estimates predict that over 30 million wearable devices with tracking and monitoring capabilities will be available to health organizations and patients by the end of 2020.

To meet the expanding needs of consumers, major industry participants are presently concentrating on releasing cutting-edge wearable medical gadgets onto the market. For instance, Koninklijke Philips N.V. obtained FDA and CE approval in May 2020 to use the Biosensor BX100 to monitor COVID-19 in hospitals. The biosensor is a wearable patch with a single-use design that was created to be linked with a scalable hub to monitor patients in various hospital rooms. Also, this solution can be added to current clinical workflows for mobile notifications and viewing.

Market Growth

It is anticipated that the market will develop in response to the expansion of sectors like home healthcare and remote patient monitoring devices. The market is also anticipated to be impacted by the growing emphasis on fitness and a healthy lifestyle attitude. Some of the key market drivers anticipated include an increase in product demand during the COVID-19 pandemic and rising consumer awareness of personal health monitoring.

Regional Analysis

With 38.3% of the global market, North America holds the greatest market share. Wearable medical technologies are becoming more necessary since diabetes, cancer, and cardiovascular problems are on the rise. The expansion of market share can be attributed in large part to the adoption of new companies using diverse technologies and a wide market penetration. The Asia-Pacific market will increase rapidly during the anticipated timeframe. Substantial growth as a result of the government initiative to promote medical devices and support health care spending. With the rise in demand for wearable medical devices, there is also an increase in the elderly population. Throughout the anticipated period, Europe’s growth rate will accelerate. European nations like Sweden, Iceland, and Finland have the most potential for wearable medical technology. Finland is one of these nations with the largest heart rate monitor markets.

Competitive Landscape

The competitive landscape of the market has also been examined in this report. Some of the major players include Apple Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., Medtronic PLC, Fitbit, Koninklijke Philips N.V., Omron Corporation, Basis Science, Covidien, Withings, Vital Connect, Polar Electro, Verist Genomics, Intelesens Ltd., Garmin Ltd., etc.

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Scope of the Report

Report Attribute Details
Market Value (2022) USD 30.1 Billion
Market Size (2032) USD 165.5 Billion
CAGR (from 2023 to 2032) 19.1%
North America Revenue Share 38.3%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

The considerable increase in the elderly population may lead to an increase in chronic diseases and a rise in the need for medical equipment. Governmental agencies are assisting in the management of expanding chronic diseases by raising death rates. Healthcare professionals use remote and ongoing patient monitoring to deliver individualized care.

As the market for medical equipment grows, people’s awareness of their health is rising. The market’s growing awareness of fitness has boosted demand, which has increased market share demand. Products for managing weight and fitness have come in a wide variety. Wearable Bands that are connected to phones monitor activities like jogging, walking, calorie burn, food intake, etc., in real time. Fitness clubs will therefore have up to 220 million users worldwide in 2022 due to their recent growth.

Market Restraints

The national governments contribute to the cost of reimbursing healthcare mobile medical devices. Federal regulations are required in European nations when verifying the presence of physicians and patients. Therefore, the limited uptake of healthcare wearables. High network bandwidth and real-time learning. As a result, even if they are not present at the same location, using AI and 5G can aid in providing care in real-time. Thus, a high growth rate in the market for wearable medical devices might be facilitated by advanced technology.

European and American businesses are opposing the revision of the patent rules. Patent trolls operate companies that receive payments in the form of royalties from parties engaging in patent fraud. Companies try to sue and receive legal settlements with diminishing losses requested in order to reduce losses. The key factor driving the market expansion of wearable medical devices is patent protection.

Market Opportunities

A patient’s identification or diagnosis may be aided by AI and 5G. Of these, artificial intelligence can assist in identifying potential difficulties following the procedure, which can assist in supplying interventions if necessary. Healthcare firms can offer real-time care using 5G networks at the same time. Thus, forthcoming cutting-edge technologies and tools like AI and 5G will greatly increase the market prospects for wearable medical devices.

Grow your profit margin with Market.us – Purchase Premium Wearable Medical Devices Market Report at https://market.us/purchase-report/?report_id=27935

Report Segmentation of the Wearable Medical Devices Market

Product Type Insight

The wearable medical devices market is divided into watches, trackers, wristbands, earwear, smart clothing, and others based on product type. The tracker has the largest market share among these goods in the market for wearable medical devices. Trackers are mostly used to measure physical activity and fitness. Due to real-time tracking and smartphone connectivity, the number of healthcare gadgets is growing.

Device Type Insight

The market for wearable medical devices is divided into diagnostic and monitoring devices and therapeutic devices based on the kind of device. Diagnostic and monitoring devices have the largest market share of these device categories and are projected to grow by 10.6% during the projection period. The number of elderly people is rising, which causes a rise in chronic diseases and a rise in the demand for wearable medical devices. Health awareness and the use of technologies like ECG, Blood Pressure monitors, glucose monitoring devices, pulse oximeters, and others grew during the pandemic. Hence, there will be an increase in demand for wearable medical devices during the forecast period. A neuro-modulation device can diagnose and treat migraine illnesses, which affect 93% of people.

Application Insight

The wearable medical device market is divided into three categories based on application types: sports & fitness, home healthcare, and remote patient monitoring. The market share leader among these applications is the home healthcare industry. Daily increases in interest and understanding of health and fitness will lead to rapid expansion in the home healthcare market over the course of the projected period. Software and hardware for weight control and fitness are being developed to track activities linked to phones in real time. Among the activities displayed in real-time are calorie burn, running distance in kilometers, and calories consumed. Wearable medical gadgets will see increased market growth due to AI and 5G. 

Distribution Channel Insight

The market for wearable medical equipment is divided into three categories based on the kind of distribution channel: pharmacies, superstores, and online channels. Pharmacy is a well-liked conventional technique of distributing medical equipment, thus it has accounted for the largest market share for wearable medical devices among these distribution channels. As a result of the high preference for self-checking and non-invasive checking equipment due to the growing senior population, internet distribution channels are seeing a surge in demand.

For more insights on the historical and Forecast wearable medical equipment market data from 2016 to 2032 – download a sample report at https://market.us/report/wearable-medical-devices-market/request-sample/

Market Segmentation

By Product Type

  • Watch
  • Trackers
  • Wristband
  • Ear Wear
  • Smart Clothing
  • Other

By Device Type

  • Diagnostic & Monitoring Devices
    • Vital Sign Monitoring Devices
    • Neuro-monitoring Devices
    • Electrocardiographs Fetal and Obstetric Devices
    • Sleep Monitoring Devices
  • Therapeutic Devices
    • Respiratory Therapy Devices
    • Pain Management Devices
    • Rehabilitation Devices
    • Other Therapeutic Devices

By Application Type

  • Sports & Fitness
  • Home Healthcare
  • Remote Patient Monitoring

By Distribution Channel Type

  • Pharmacies
  • Online Channel
  • Hypermarkets

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Major Manufacturers:

To maintain the demand for various applications leading players are getting a higher quality product through acquisitions and mergers. Some of the key players include:

  • Koninklijke Philips N.V.
  • Fitbit
  • Samsung electronics co. Ltd.
  • Apple Inc. Company Profile
  • Basis Science
  • Covidien
  • Withings
  • Vital Connect
  • Polar Electro
  • Verist Genomics
  • Intelesens Ltd.
  • Lifesense
  • Medtronic PLC
  • Omron Corporation
  • Xiaomi Inc.
  • Sotera Wireless
  • Garmin Ltd.

Recent Development of the Wearable Medical Devices Market

  • In 2022, Noise Fit Buzz, the company’s newest wearable model, is offering 24-hour heart rate monitoring, a sleep-timer, and female health tracking. Nine different sports, including yoga, spinning, walking, climbing, jogging, and hiking, can all be tracked.
  • Abbott Labs produced new wearables in 2022 that track ketone, lactate, glucose, and alcohol levels.

Browse More Related Reports:

Wearable Adhesives Market: size growth is estimated to accelerate at a CAGR of 13.2% and register an incremental growth of USD 1,303.03 million during the forecast period.

Birth Control Wearables Market: is projected to reach USD 63,361.54 Mn by 2032 at a CAGR of 13.2%, from USD 18,338.40 Mn in 2022.

Diabetes Wearables Market: is to reach a valuation of USD 36.25 Bn by 2032 at a CAGR of 6.3%, from USD 20.92 Bn in 2021.

3D Printed Wearables Market: accounted for USD 3,570.84 million in 2021. It is projected to grow at a 9.1% CAGR, between 2023 to 2032.

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Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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