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Ophthalmic Ultrasound Devices Market Share to Increase at a CAGR of Around 9.0% by 2032: Fact.MR Analysis

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Rockville, May 09, 2023 (GLOBE NEWSWIRE) — The market for ophthalmic ultrasound devices had global sales of US$ 432.2 million in 2021. According to Fact.MR – a market research and competitive intelligence provider, historically, from 2017 to 2021, the global ophthalmic ultrasound devices market demand increased at around 7.5% CAGR.

The estimated market growth between 2022 and 2032 is anticipated to be 9.0%, which is much larger than the increase in the past. A-Scan is anticipated to generate the most income, with a CAGR of 9.1% predicted between 2022 and 2032.

Ophthalmic ultrasonography equipment is used by ophthalmology specialists to identify diseases of the eye, such as glaucoma, problems with the retina, and cancer. To increase the appeal of their products to medical professionals, makers of ultrasound technology in this industry use new developments.

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Market Drivers:

  • The rising incidence of eye diseases such as cataracts, glaucoma, retinal detachment, and macular degeneration is driving the demand for ophthalmic ultrasound devices. These devices help in the diagnosis, monitoring, and treatment planning of various eye conditions.
  • The aging population is more susceptible to eye-related disorders, including age-related macular degeneration (AMD) and cataracts. As the global population continues to age, the demand for ophthalmic ultrasound devices is expected to increase.
  • Ophthalmic ultrasound devices have witnessed significant technological advancements, leading to improved imaging capabilities, higher resolution, and better diagnosis accuracy. The development of portable and handheld devices has also expanded the accessibility of ultrasound technology in ophthalmology, driving market growth.
  • Ophthalmic ultrasound devices provide non-invasive imaging techniques that help in the diagnosis of various eye conditions without the need for surgical procedures. This aspect is particularly appealing to patients and healthcare providers, contributing to the market’s growth.
  • Increasing awareness about the importance of early detection and screening for eye disorders has led to the implementation of various screening programs by governments and healthcare organizations. Ophthalmic ultrasound devices play a vital role in such screening programs, further driving market growth.
  • Many developing countries are investing heavily in healthcare infrastructure, including ophthalmic care facilities. This increased focus on improving healthcare facilities and access to advanced diagnostic tools, including ophthalmic ultrasound devices, is expected to boost market growth.
  • Favorable reimbursement policies provided by government and private insurance companies for ophthalmic ultrasound procedures encourage healthcare providers to adopt these devices. This factor positively impacts the market growth by ensuring wider availability and accessibility of ophthalmic ultrasound devices.

Market Restraints:

  • Ophthalmic ultrasound devices can be expensive, particularly those with advanced features and capabilities. The high cost can limit their adoption, especially in developing countries and healthcare facilities with limited budgets.
  • Operating and interpreting ophthalmic ultrasound devices require specialized skills and training. The shortage of skilled ophthalmic ultrasound technicians and healthcare professionals proficient in interpreting ultrasound images can be a restraint for market growth, as it limits the widespread adoption of these devices.
  • In some regions, particularly in low-income or rural areas, there may be limited awareness about ophthalmic ultrasound devices and their benefits. Additionally, the lack of healthcare infrastructure and accessibility to advanced diagnostic tools can hinder market growth in these areas.

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Trends

  • There is a growing trend towards miniaturization and portability of ophthalmic ultrasound devices. Manufacturers are developing smaller, handheld devices that offer convenience, ease of use, and point-of-care capabilities. These portable devices allow for greater accessibility and flexibility in ophthalmic ultrasound imaging.
  • Ophthalmic ultrasound devices are increasingly being integrated with other imaging modalities such as optical coherence tomography (OCT) and fundus photography. This integration allows for more comprehensive and multimodal imaging of the eye, providing clinicians with a more comprehensive diagnostic toolkit.
  • Ophthalmic ultrasound devices are benefiting from advancements in imaging technology, such as higher resolution, improved image quality, and enhanced visualization capabilities. These advancements help in better visualization of ocular structures and improve diagnostic accuracy.
  • The integration of artificial intelligence (AI) and machine learning algorithms in ophthalmic ultrasound devices is gaining traction. AI-based image analysis algorithms can assist in automated segmentation, detection of abnormalities, and quantitative analysis of ultrasound images, aiding clinicians in diagnosis and treatment planning.
  • The adoption of telemedicine and remote diagnostics has increased significantly, driven by advancements in communication technology. Ophthalmic ultrasound devices are being utilized in telemedicine applications, enabling remote consultations and diagnostics, particularly in underserved areas and for patients who have difficulty accessing healthcare facilities.
  • There is a growing focus on pediatric ophthalmology, leading to the development of specialized ophthalmic ultrasound devices for pediatric patients. These devices are designed to meet the unique needs and challenges associated with imaging and diagnosing eye conditions in children.
  • Ophthalmic ultrasound devices are being increasingly used as surgical guidance tools during ophthalmic procedures. Real-time ultrasound imaging helps surgeons visualize anatomical structures and guide surgical interventions, such as cataract surgery and vitrectomy, leading to improved surgical outcomes.

Competitive Landscape

  • Carl Zeiss Meditec is a leading player in the ophthalmic medical technology industry. They offer a range of ophthalmic devices, including ophthalmic ultrasound systems. Their ultrasound devices provide high-resolution imaging and advanced diagnostic capabilities. Carl Zeiss Meditec focuses on product innovation and has a strong global presence.
  • Nidek is a Japanese company that develops and manufactures ophthalmic equipment. They offer a comprehensive portfolio of ophthalmic devices, including ophthalmic ultrasound systems. Nidek’s ultrasound devices are known for their advanced imaging technology and ergonomic design. The company has a global presence and is known for its commitment to innovation.
  • Halma is a global group of companies operating in various sectors, including healthcare. Optos, a subsidiary of Halma, specializes in advanced retinal imaging devices. While not exclusively focused on ultrasound devices, Optos offers widefield retinal imaging technology that provides a panoramic view of the retina, including the peripheral areas.
  • Sonomed Escalon, a subsidiary of Escalon Medical, specializes in diagnostic devices for ophthalmology. They offer a range of ophthalmic ultrasound systems, including both A-scan and B-scan devices. Sonomed Escalon’s ultrasound devices are known for their accuracy and user-friendly interfaces.
  • Iridex Corporation, through its subsidiary Micro Medical Devices, develops and manufactures ophthalmic lasers and diagnostic devices. Their portfolio includes ophthalmic ultrasound systems for various applications, including diagnostic imaging and surgical guidance. Iridex focuses on delivering innovative solutions for ophthalmic care.

Key Companies Profiled

  • Halma plc
  • Carl Zeiss Meditech
  • Nidek Co. Ltd
  • Quantel Medical
  • Escalon Medical Corporation
  • Optos
  • Ellex
  • MicroMedical Devices

New Developments (2021)

  • The Ophthalmic Ultrasound Devices Market has seen ongoing advancements in technology, such as improvements in imaging resolution, image processing algorithms, and user interface designs. These advancements aim to enhance the accuracy, efficiency, and ease of use of ophthalmic ultrasound devices.
  • The integration of ophthalmic ultrasound devices with other imaging modalities, such as optical coherence tomography (OCT) and fundus photography, has been a significant development. This integration allows for multimodal imaging, providing clinicians with a more comprehensive understanding of ocular conditions.
  • There has been a growing trend towards the development of portable and handheld ophthalmic ultrasound devices. These devices offer convenience, mobility, and point-of-care capabilities, allowing for increased accessibility and flexibility in various clinical settings.
  • The application of artificial intelligence (AI) and machine learning algorithms in ophthalmic ultrasound devices has gained traction. AI-based image analysis algorithms can assist in automated segmentation, detection of abnormalities, and quantitative analysis of ultrasound images, aiding in more accurate and efficient diagnosis.
  • The Ophthalmic Ultrasound Devices Market has witnessed ongoing research and clinical studies to explore new applications, refine imaging techniques, and evaluate the efficacy of ultrasound-guided interventions. These studies contribute to the expanding knowledge base and clinical utility of ophthalmic ultrasound devices.

Market Segments Covered in Ophthalmic Ultrasound Devices Market Analysis

  • By Product Type
    • B-Scan
    • A-Scan
    • Combined
    • Pachymeter
    • Ultrasound Bio Microscope
  • By Mobility
    • Portable
    • Standalone
    • By End Use
    • Hospitals
    • Ambulatory Surgery Centers
    • Ophthalmology Clinics
    • Others
  • By Region
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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New Launches (2021)

  • Quantel Medical launched the Aviso S ultrasound system for ophthalmology. It offers high-resolution imaging and advanced diagnostic capabilities for applications such as anterior segment imaging, posterior segment imaging, and biometry.
  • Heidelberg Engineering introduced OCTANET, a software platform that integrates various diagnostic imaging modalities, including ophthalmic ultrasound, OCT, and fundus photography. The platform allows for comprehensive analysis and management of ophthalmic data.
  • Ellex Medical Lasers launched the Axis Nano, a compact and portable ophthalmic ultrasound system. The device offers B-scan and biometry capabilities in a handheld format, making it suitable for point-of-care and remote imaging.
  • Nidek introduced the CLEARPATH DS-120, an ophthalmic ultrasound system designed for posterior segment imaging. The device offers high-resolution imaging with features like swept-source technology and widefield scanning.
  • Sonomed Escalon launched REVENANT, an ophthalmic ultrasound system that provides high-resolution imaging and real-time measurements. The system is designed for both A-scan and B-scan applications in ophthalmology.

Key Questions Covered in the Ophthalmic Ultrasound Devices Market Report

  • What will be the estimated size of the Market in 2023?
  • At what rate will the global Ophthalmic Ultrasound Devices sales grow until 2032?
  • Which are the factors hampering the Ophthalmic Ultrasound Devices demand?
  • Which region will spearhead the growth in the global industry by 2032?
  • Which are the factors driving sales in the Ophthalmic Ultrasound Devices Market during the forecast period?

Check out more related studies published by Fact.MR Research: 
Wireless Handheld Ultrasound Devices Market Demand: According to research the wireless handheld ultrasound devices market demand expanded at over 14.5% CAGR during 2016 – 2020 and reached a market valuation of US$ 549 Mn.

Portable Ultrasound Equipment Market Revenue: The global portable ultrasound equipment market revenue is projected to surge ahead at a CAGR of 6.8% from 2022 to 2026. In 2022, the market is valued at US$ 2 billion and is anticipated to reach US$ 2.6 billion by 2026.

Ultrasound Probe Disinfection Market Sales: The global ultrasound probe disinfection market sales valued at US$ 551 million in 2023. Worldwide sales of ultrasound probe disinfection products are expected to increase at a CAGR of 8.5% and reach a market valuation of US$ 1.24 billion by the end of 2033.

3D printed ophthalmic implants Market Share: The global 3D printed ophthalmic implants market Share is estimated to observe sensible growth over the forecast period. As the patient pool is increased and high demand for treatment for having a better lifestyle directly boosts the market for 3D printed ophthalmic implants.

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More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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May 17, 2024

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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]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg 
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 

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J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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May 17, 2024

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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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Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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May 17, 2024

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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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