Artificial Intelligence
Global Enterprise Imaging Solutions Market Size Is Anticipated to Acquire $3.8 Billion by 2030 at a CAGR Of 11.5%
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New York, NY, April 18, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Enterprise Imaging Solutions Market By Deployment Mode (On-Premise And Cloud), By Solution (Vendor Neutral Archive (VNA), Picture Archiving And Communication System (PACS), Image Exchange And Universal Viewer), By End-Use (Hospitals, Diagnostic Imaging Centers, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Enterprise Imaging Solutions Market size & share in terms of revenue was valued at USD 1.4 billion in 2022 and it is expected to surpass around USD 3.8 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 11.5% during the forecast period 2023 to 2030.”
What are Enterprise Imaging Solutions? How big is the Enterprise Imaging Solutions Industry?
Report Overview:
The most common definition of enterprise imaging describes it as “a set of strategies, initiatives, and workflows implemented across a healthcare enterprise to consistently and optimally capture, index, manage, store, distribute, view, exchange, and analyze all clinical imaging and multimedia content to enhance the electronic health record.”
In its most general form, corporate imaging refers to the practice of capturing and storing data in a single archive. Images captured with visible light sources, such as photographs, images captured with arthroscopes and endoscopes, images captured during fundal examinations, and any examination in which the data are displayed as an image as opposed to being displayed as text, a graph, or a diagram are all considered to be medical images. The comprehensive longitudinal medical record includes each one of these photographs as a component. The incorporation of photographs into the EMR/EHR lends credence to the concept that the electronic medical record (EMR) acts as a singular source of truth for information regarding the medical care provided to the patient.
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(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Enterprise Imaging Solutions Market: Growth Dynamics
The prevalence of chronic diseases and the proportion of elderly people in the population are the two main factors driving the market’s expansion.
The world’s population is aging at an alarming rate as a direct consequence of government programs designed to hasten the longevity revolution. The proportion of elderly people in the populations of the vast majority of affluent countries is growing. The United Nations estimates that there were 703 million people aged 65 or over in the world in 2019, and that figure is expected to more than double to 1.5 billion by the year 2050. There has been a general rise in the incidence of chronic diseases all across the world, most noticeably in the fields of hypertension, diabetes, and respiratory problems. The market for business imaging solutions is expected to grow during the period covered by this analysis as a consequence of an aging population and an increase in the prevalence of chronic diseases.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 1.4 billion |
| Projected Market Size in 2030 | USD 3.8 billion |
| CAGR Growth Rate | 11.5% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | IBM Corporation, GE HealthCare, Change Healthcare, Hyland Software, Inc., Merative, Pure Storage, Inc., Agfa-Gevaert Group, Dicom Systems, Inc., Canon Medical Informatics, Inc, IMEXHS, FUJIFILM Holdings America Corporation, Apollo Enterprise Imaging Corp., Koninklijke Philips N.V., PaxeraHealth, Siemens Healthcare GmbH, and Visage Imaging, Inc. among others. |
| Key Segment | By Deployment Mode, By Solution, By End-Use, And By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Enterprise Imaging Solutions Market: Segmentation Analysis
The global enterprise imaging solutions industry is segmented based on the deployment mode, solution, end-use, and region.
Based on the deployment mode, The on-premise market is separate from the cloud industry in the worldwide market. Over the course of the projected period, it is anticipated that the cloud segment will experience the fastest CAGR growth. A cloud-native solution, in contrast to more conventional IT solutions, typically makes heavy use of the automation tools that are built into its programme in order to run, support, and upgrade a large number of customer accounts from a single instance. According to the article published in Forbes, cloud-native solutions are beneficial since they help enable flexibility, interoperability, efficiency, and resiliency. As a result, it is anticipated that this will be a primary driver of market expansion during the course of the projection year. In addition, it is anticipated that the on-premises segment would lead the market during the course of the forecast. The enhanced level of data security is mostly responsible for the rise in this market sector. On-premises solutions are preferred by certain healthcare organizations because they do not want to take any chances with the transfer of sensitive patient data to a cloud-based system. In addition, they are able to add customization in accordance with their needs, which will, in turn, drive the expansion of the category over the course of the forecast period.
Based on the solution, The market can be broken down into four different categories: universal viewer, image exchange, vendor neutral archive (VNA), and picture archiving and communication system (PACS). During the time covered by the projections, it is anticipated that the Picture Archiving and Communication System (PACS) segment will hold the largest share of the market. PACS provides a multitude of benefits, one of which is a significant reduction in the amount of time and physical hurdles that are normally connected with the retrieval, distribution, and presentation of images based on conventional film. PACS are widely used by medical practitioners because they allow for the digital storage of images, which eliminates the requirement that physical copies of the images be kept on file. As a result, it is anticipated that this advantage will fuel segmental growth throughout the course of the forecast year.
Based on the end-use, Hospitals, diagnostic imaging centers, and other types of facilities make up some segments of the corporate imaging solutions market worldwide. During the period covered by the projection, the diagnostic imaging centers are anticipated to accumulate the most revenue share. The expansion of this market segment may be attributed to a number of factors, including the growing popularity of diagnostic imaging, the rise in the number of patients undergoing imaging procedures, and the increased availability of cutting-edge technology in diagnostic facilities.
The global Enterprise Imaging Solutions market is segmented as follows:
By Deployment Mode
- On-Premise
- Cloud
By Solution
- Vendor Neutral Archive (VNA)
- Picture Archiving and Communication System (PACS)
- Image Exchange
- Universal Viewer
By End-Use
- Hospitals
- Diagnostic Imaging Centers
- Others
Browse the full “Enterprise Imaging Solutions Market By Deployment Mode (On-Premise And Cloud), By Solution (Vendor Neutral Archive (VNA), Picture Archiving And Communication System (PACS), Image Exchange And Universal Viewer), By End-Use (Hospitals, Diagnostic Imaging Centers, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/enterprise-imaging-solutions-market
Competitive Landscape
Some of the main competitors dominating the global Enterprise Imaging Solutions market include –
- IBM Corporation
- GE HealthCare
- Change Healthcare
- Hyland Software Inc.
- Merative
- Pure Storage Inc.
- Agfa-Gevaert Group
- Dicom Systems Inc.
- Canon Medical Informatics Inc
- IMEXHS
- FUJIFILM Holdings America Corporation
- Apollo Enterprise Imaging Corp.
- Koninklijke Philips N.V.
- PaxeraHealth
- Siemens Healthcare GmbH
- Visage Imaging Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Enterprise Imaging Solutions market is likely to expand at a CAGR of around 11.5% during the forecast period (2023-2030).
- In terms of revenue, the Enterprise Imaging Solutions market size was valued at around US$ 1.4 billion in 2022 and is projected to reach US$ 3.8 billion by 2030.
- The growing usage of radiology imaging in the field of oncology, orthopedics, cardiology, women’s health, and many more is also one of the factors that are contributing to the growth of the market.
- Based on the deployment mode, the cloud segment is expected to grow at the highest CAGR over the forecast period.
- Based on the solution, the Picture Archiving and Communication System (PACS) segment is expected to account for the largest market share during the forecast period.
- Based on the end-use, the diagnostic imaging centers are expected to capture the largest revenue share over the forecast period.
- Based on region, North America is expected to dominate the market during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Enterprise Imaging Solutions industry?
- What are the main driving factors propelling the Enterprise Imaging Solutions Market forward?
- What are the leading companies in the Enterprise Imaging Solutions Industry?
- What segments does the Enterprise Imaging Solutions Market cover?
- How can I receive a free copy of the Enterprise Imaging Solutions Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Deployment Mode, By Solution, By End-Use, And By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
During the time period covered by the forecast, it is anticipated that North America would have the majority share of the market.
During the time period covered by the research, it is anticipated that the market for enterprise imaging solutions will be led by North America. Research and development have seen an uptick as a direct result of the region’s high level of expenditure on healthcare as well as the region’s improved healthcare infrastructure. In addition, the market share of enterprise imaging solutions is expanding in this region as a consequence of rapid advancements in research and development, increasing investment by major market participants, and favourable laws from the government.
For example, the American Medical Association estimates that in 2021 the United States will have spent 2.7% more on health care, which will amount to a total of $4.3 trillion or $12,914 for each individual. In addition, market expansion is anticipated to be driven by factors such as the expanding elderly population in the region and the rising number of imaging procedures performed. As of the year 2019, the Administration on Ageing (AoA) estimates that there were 54.1 million persons aged 65 and over living in the United States. More than one in seven people in the United States, or 16% of the population, made up the population depicted. In comparison, the number of people under the age of 65 has increased by 3% while the population of people over 65 has increased by 14.4 million since 2009. This is a 36% growth in the elderly population.
Between the years 2009 and 2019, the number of people living in the United States who are between the ages of 45 and 64 (and who will reach 65 within the next 20 years) increased by 4%, going from 80.3 million to 83.3 million. The number of senior citizens living in the United States experienced a 34% growth, going from 55.7 million to 74.6 million. These facts lend support to the growth of the market throughout the course of the anticipated time due to the fact that an ageing population is more susceptible to numerous sorts of ailments, all of which necessitate the utilization of imaging solutions for the purpose of disease diagnosis.
Over the course of the projected period, it is anticipated that Asia and the Pacific would experience the largest CAGR growth. The prevalence of chronic diseases including cancer, cardiovascular disease, and others is largely responsible for the region’s expansion in recent years. According to the findings of the American College of Cardiology, the number of people passing away from cardiovascular diseases (CVD) across Asia has significantly increased. The Asia-Pacific area is responsible for approximately half of all deaths globally that are caused by cardiovascular disease. The growing incidence of chronic diseases in the region is a major factor in the expansion of the market for corporate imaging solutions and is a primary driver of the need for imaging solutions in the medical industry.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- In March 2022, at the HIMSS22 Global Health Conference & Exhibition, Royal Philips—a pioneer in health technology—announced its most recent developments in analytics and interoperability solutions. A fully integrated cloud-enabled health IT platform for meeting various workflow requirements across the imaging business is Philips HealthSuite Interoperability. To increase productivity and support greater efficacy at the point of care, Philips Enterprise Performance Analytics – Performance Bridge now offers operational insights and in-depth analytics to the cardiology department outside of radiology. Both developments are a part of Philips’ portfolio of Data Management and Interoperability Solutions, a cohesive, scalable set of cutting-edge technology, analytics, and professional services intended to help healthcare providers constantly enhance performance.
- In March 2022, at booth 3947 of the Healthcare Information and Management Systems Society (HIMSS) 2022 Global Health Conference & Exhibition, which runs from March 15–March 18 at the Orange County Convention Center in Orlando, FL, FUJIFILM Healthcare Americas Corporation, a leading provider of enterprise imaging and informatics solutions, will highlight its award-winning Synapse Enterprise Imaging portfolio. Synapse Radiology PACS, Cardiology PACS, and Vendor Neutral Archive (VNA) are three cutting-edge solutions that Fujifilm showcased at HIMSS booth #3947. They were honored at the 2022 Best In KLAS® Show, which was hosted on March 14 and served as the official opening of HIMSS 2022.
- In September 2022, one of the biggest image exchange networks of curated clinical and imaging data, Life Image, has been acquired by Intelerad Medical Systems, a supplier of enterprise imaging solutions. By combining two of the top image exchange providers in the market, Intelerad is demonstrating its dedication to assisting clinicians and patients in driving the imaging transformation away from siloed PACS towards interoperable image exchange.
- In January 2023, Bayer acquired Blackford Analysis, a provider of artificial intelligence-based healthcare technology. By enabling the adoption and advantages of medical imaging AI, the company aims to “improve the lives of patients and populations.” The acquisition will support this goal.
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/enterprise-imaging-solutions-market
FREQUENTLY ASKED QUESTIONS
- What is an enterprise imaging solution?
- Which key factors will influence the enterprise imaging solutions market growth over 2023-2030?
- What will be the value of the enterprise imaging solutions market during 2023-2030?
- What will be the CAGR value of the enterprise imaging solutions market during 2023-2030?
- Which region will contribute notably towards the enterprise imaging solutions market value?
- Which are the major players leveraging the enterprise imaging solutions market growth?
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
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Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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