Artificial Intelligence
Global Mattress Market is anticipated to have USD 61.73 Billion market size, registering CAGR around 7% for 2022-2027: Bonafide Research
Clifton, New Jersey, May 26, 2023 (GLOBE NEWSWIRE) — The mattress industry is an integral part of the global sleep economy, catering to the essential need for comfortable and restful sleep. As people become increasingly aware of the importance of quality sleep for overall well-being, the mattress industry has witnessed significant growth and transformation. One of the prevailing trends in the mattress industry is the increasing demand for personalized comfort. Consumers are seeking mattresses that cater to their specific needs, body types, and sleep preferences. This has led to the development of technologies like adjustable firmness settings, customizable zones for pressure relief, and personalized sleep-tracking features. As wellness becomes a top priority for consumers, the mattress industry has shifted its focus to health-promoting features. Companies are incorporating antimicrobial and hypoallergenic properties into their mattresses to provide a cleaner sleep environment. Furthermore, there is a growing emphasis on ergonomic design, alignment support, and pressure point relief to alleviate common sleep-related issues like back pain and joint discomfort. In addition to that, demographic and lifestyle changes influence the mattress industry. Factors such as population growth, urbanization, and changing consumer behaviors impact market demand. For example, as more people live in urban areas with smaller living spaces, there is a demand for compact and versatile mattress options like foldable or roll-up mattresses.
The global population is aging, leading to an increased demand for mattresses tailored to the specific needs of older adults. Elderly individuals often require mattresses that offer enhanced support, pressure relief, and ease of movement. Developing mattresses with features such as better spinal alignment, reduced pressure points, and motion isolation can cater to this demographic and tap into a growing market segment. Emerging markets in regions such as Asia Pacific, South America, the Middle East, and Africa offer significant growth opportunities for the global mattress market. Rapid urbanization, improving living standards, and increasing disposable incomes in these regions drive the demand for mattresses. The rise of e-commerce and online sales channels has transformed the way mattresses are sold globally. Online mattress companies have gained popularity due to their convenience, competitive pricing, and direct-to-consumer sales models. With increasing environmental concerns, the adoption of mattress recycling and the promotion of a circular economy is growing across the globe. Major manufacturers are exploring partnerships with recycling facilities to ensure the proper disposal and recycling of used mattresses. Additionally, developing mattresses with recyclable or biodegradable materials and incorporating take-back programs are supporting sustainable practices and attacking environmentally conscious consumers.
Key Takeaways:
- Asia-Pacific region is expected to occupy 42.54% market share by 2027 as the region is home to the largest population in the world.
- The innerspring mattresses are most common across the world, holding up to a share of more than 65% in the market.
- Commercial application is anticipated to reach over USD 160 Million by 2027 owing to the emerging hospitality industry.
- Full or Double mattresses are often more affordable compared to larger sizes like Queen or King Mattresses, growing with 7.06% CAGR by 2022-27.
- The offline sales channel is expected to dominate the global market by 2027 with USD 51.72 Billon size.
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Increasing environmental concerns and regulations pose challenges for mattress manufacturers. Compliance with environmental standards, waste management practices, and the use of sustainable materials require investments in research, development, and operational changes. Balancing sustainability efforts with cost considerations is a challenge, especially for smaller manufacturers. Mature markets, such as North America and Europe, are relatively saturated with a high number of mattress manufacturers and established brands. The intense competition in these markets makes it challenging for new entrants to gain market share and poses difficulties for existing players to expand their customer base. Market saturation can limit growth opportunities and put pressure on pricing and profitability. Even though the market seems to be opportunistic, the challenges of less spacious houses and a high dominance of the unorganized market in developing countries hamper the growth. For instance, Serta Inc. launched the iComfort hybrid mattress with TempActiv cooling technology and a new coil support system, which infuses copper into materials such as natural latex. This provides immediate body contact or closeness to the element itself as copper relieves pain, reduces arthritis-related inflammation, helps to cure several other medical problems, and increases the overall energy level.
Innovations in mattress materials and construction techniques have revolutionized the industry. Memory foam, latex, and hybrid mattresses have gained popularity. Manufacturers are exploring sustainable and eco-friendly materials, such as organic cotton, natural latex, and plant-based foams, to meet the growing demand for environmentally conscious products. For instance, the Winkbed EcoCloud mattress is a natural latex hybrid that contains 100% natural Talalay latex, pocketed coils, and an organic cotton cover. Additionally, advancements in coil technology have improved the responsiveness and durability of innerspring mattresses. With the rise of the Internet of Things (IoT), the mattress industry has embraced technology integration. Smart mattresses equipped with sensors and connectivity features have emerged, allowing users to track their sleep patterns, adjust mattress settings remotely, and integrate with other smart home devices. Sleep tracking technology provides valuable insights into sleep quality and aids in optimizing sleep habits, contributing to overall well-being.
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Also, hybrid mattresses, which combine different materials such as memory foam, latex, and innerspring coils, have gained popularity. These mattresses aim to provide the benefits of multiple materials, such as pressure relief, motion isolation, and support. Hybrid mattresses offer a balance between comfort and responsiveness, catering to a wide range of sleep preferences. On the other hand, edge support refers to the reinforcement around the perimeter of the mattress to prevent sagging and provide stable support. Mattress manufacturers focused on improving edge support to enhance the usable sleep surface and prevent a “roll-off” feeling. Many consumers are concerned about sleeping hot and seek mattresses with enhanced cooling features. Mattress manufacturers are incorporating cooling technologies such as gel-infused foams, phase change materials, and breathable covers to dissipate heat and promote a cooler sleep environment. Temperature regulation is a crucial factor for those who tend to sleep hot or live in warm climates. Manufacturers are investing in research and development to introduce innovative features that enhance comfort, support, and sleep quality.
Integration of smart technologies, such as sleep tracking sensors, adjustable firmness settings, and connectivity with other smart home devices, has gained momentum. These features offer personalized sleep experiences, sleep data insights, and convenience, attracting tech-savvy consumers. Expanding the capabilities of smart mattresses and incorporating artificial intelligence (AI) to provide personalized sleep recommendations and optimize sleep quality present significant opportunities for innovation and product differentiation. As the smart home concept gains traction, there is an opportunity for mattresses to seamlessly integrate into the connected home ecosystem. Mattresses that communicate with other smart devices like lighting systems, thermostats, or personal assistant devices can create a unified sleep environment. For example, a mattress that adjusts its temperature or lighting based on the user’s sleep patterns or syncs with a smart alarm clock can enhance the overall sleep experience.
Memory foam mattresses are known for their exceptional pressure-relieving properties. The material conforms to the body’s shape, evenly distributing weight and alleviating pressure points. This can help reduce discomfort and pain, particularly for individuals with joint or back issues. Memory foam mattresses are inherently hypoallergenic. The dense foam material helps resist common allergens such as dust mites, mould, and pet dander. This makes memory foam mattresses an ideal choice for individuals with allergies or asthma. High-quality memory foam mattresses are known for their durability. They can withstand years of use without significant sagging or deterioration. This long lifespan makes them a cost-effective investment compared to mattresses that may require more frequent replacement. However, latex mattresses are often made from natural latex derived from rubber trees. This makes them an attractive choice for environmentally conscious consumers seeking sustainable and eco-friendly bedding options. Natural latex is biodegradable, renewable, and free from harmful chemicals, making latex mattresses a greener choice compared to mattresses made from synthetic materials which is growing at the highest CAGR of 10.93% by 2022-27. Some latex mattresses also offer customizable comfort zones or dual firmness options for couples with different preferences. Blended mix latex mattresses are dominating the latex market with a 40.80% share in 2021.
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Other mattresses such as air mattresses, also known as inflatable mattresses or airbeds, have gained popularity across the globe as they can be easily inflated and deflated, making them portable and convenient for camping trips, sleepovers, or accommodating guests. Their ability to be easily stored and transported makes them a popular choice for outdoor activities and travel. Some air mattresses come with dual-zone or adjustable options, allowing couples with different firmness preferences to customize their individual sides of the bed. This feature eliminates the need for compromise and ensures a comfortable sleep experience for both partners. Air mattresses play a role in emergency and disaster relief efforts. They are often used to provide temporary sleeping arrangements in emergency shelters or for individuals displaced by natural disasters or other crises. On the other hand, water mattresses, also known as waterbeds, have a fascinating history and unique characteristics that make them stand out in the mattress industry. Water mattresses offer a unique sleeping experience due to their buoyancy. The water inside the mattress provides even support to the body, reducing pressure on joints and promoting proper spinal alignment. This can be particularly beneficial for individuals with back pain or arthritis. Traditional water mattresses require a significant amount of water to fill and maintain. However, modern innovations have led to the development of water mattresses that use less water and are more water-efficient, addressing sustainability concerns.
Based on the bed size, king-size mattresses are designed for couples or individuals who prefer extra sleeping space. They offer ample width and length, providing room for unrestricted movement during sleep. King-size mattresses are typically 72 inches wide and 84 inches long. They are available in two variants: standard king and California King, with slight differences in width and length. However, queen-size mattresses are among the popular choices for couples. They offer more width and length compared to full-size mattresses, providing additional space for comfort. Queen-size mattresses are typically 60 inches wide and 71 inches long. Double or full-size mattresses are larger than single mattresses and provide more sleeping space. They are typically 52 inches wide and 59 inches long. Full-size mattresses are suitable for single adults or couples who prefer a cozy sleeping arrangement. In addition to the standard sizes mentioned above, the global mattress market also includes specialty sizes to cater to specific needs. These include variants like twin XL (extra-long), full XL (extra-long), split king (two separate mattresses for adjustable beds), and custom sizes tailored for specific requirements.
The rising consumer preference for customized mattresses is one of the major trends being observed in the North American region’s mattress market. Immersed in a work-from-home revolution, people are working from their beds, watching movies in the sack, spending more time at home, and, consequently, deciding to upgrade their sleep setup. The upshot is that after years of turmoil caused by bankruptcies, store closures, and intense competition, the mattress industry is suddenly flourishing during a pandemic that has reoriented people’s budgets. Also, the increasing construction activities in the North America region were the prime driver for its mattress industry. For instance, metropolitan Atlanta, US has been witnessing rapid urbanization, with the addition of more than 69000 residents every year. This trend is projected to drive the market during the forecast period.
On the other hand, migration is a major reason for the rising population in urban areas, which is driving the real estate industry. In Europe, urbanization is an ongoing phenomenon, both in terms of urban land expansion and increasing population share. The rising purchasing power of people in the continent that allows them to buy premium-quality mattresses but also replace them more frequently than before is boosting the market growth. Countries like Germany, the United Kingdom, and France are among the largest mattress markets in Europe. The demand for high-quality, ergonomic mattresses is strong in Europe, with an emphasis on health and wellness. Sustainability and eco-friendly materials are gaining importance in the European market, with a focus on certifications and responsible sourcing.
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The history of mattresses in Asia was commonly crafted around the culture and society of countries. The resources available also influenced it as they dictated the material of these mattresses. Due to trading and globalization, more comfortable mattresses became available and people were no longer limited in their mattress choices. The growth of the mattress market in Asia-Pacific can be attributed to the increasing demand for home furnishings due to rapid urbanization and a growing middle class. Moreover, increasing per capita disposable incomes have led to rising sales of luxury mattresses. Asia-Pacific is considered to be the largest user of mattresses owing to the large population of India, China, and Indonesia. The mattress market is driven by an increase in the number of households, a shift in consumer preferences, an increase in innovative technologies, an increase in demand for hybrid and gel-filled mattresses, favorable government policies, an increase in disposable income, and a shift in lifestyle. The Asia Pacific is among the fast-growing and most promising areas for online mattress sales. Consumers are more comfortable making big purchases over the internet, which is constantly changing the way people think about buying durable consumer products such as mattresses.
The South American mattress market has been experiencing steady growth in recent years. Factors such as improving economic conditions, rising disposable incomes, and increasing consumer awareness about the importance of quality sleep contribute to the market’s expansion. The trend toward the demand for smart Mattresses further owes to the growth of the mattress market. South America is a diverse region with various cultural preferences and sleeping habits. Different countries within South America have unique market dynamics and consumer preferences. Local manufacturers and international brands cater to these diverse needs and preferences. The increasing disposable income of people worldwide has improved their living standards, which creates a demand for comfort and convenience. Thus, there is a demand for luxury furnishing, including mattresses. In South America, the mattress industry is moving from unbranded to branded market slowly. The branded market comprising large, mid-size, and smaller manufacturers constitute a great share in the market, with around 20-25 players spread across the geographies. As a larger market still wishes for a touch and feel shopping for the mattress, the offline retail market dominates the region’s market in 2021.
The efficient increase in the accommodation facilities owing to the effective increase in tourism is one of the foremost increasing trends in the respective countries of Middle East & Africa. As the infrastructure and the property improvement involving hospitals, houses, and hotels being underwritten augmented, the effective need for mattresses has progressively grown. The growing inhabitants and their inclination towards urbanization and modernization were also proved as the aspects that are propelling the growth in the Middle East mattress market. The number of households has increased effectively in the recent past. The rising sale of natural mattresses having hypo-allergic properties is a growing trend in the Middle East & Africa region. Furthermore, users are increasingly becoming aware of the harmful effects of synthetic mattresses used regularly. Manufacturers and distributors sell their natural material-based mattresses for the quality of sleep and comfort they offer.
Considered in the Repor
- Geography: Global
- Historic Year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Global Mattress Market Outlook
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share
4.2.1. By Mattress Type
4.2.2. By Mattress Size
4.2.3. By Region
4.2.4. By Country
4.2.5. By Sales Channel
4.2.6. By End User
4.2.7. By Company
4.3. Global Innerspring Mattress Market Outlook
4.4. Global Latex Mattress Market Outlook
4.5. Global Memory Foam Mattress Market Outlook
4.6. Global Other (Water, Air, Hybrid, etc) Mattress Market Outlook
5. North America Mattress Market Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Mattress Type
5.2.2. By Mattress Size
5.2.3. By Country
5.2.4. By Sales Channel
5.2.5. By End User
5.3. North America Innerspring Mattress Market Outlook
5.4. North America Latex Mattress Market Outlook
5.5. North America Memory Foam Mattress Market Outlook
5.6. North America Other (Water, Air, Hybrid, etc) Mattress Market Outlook
5.7. US Mattress Market Outlook
5.7.1. Market Size by Value
5.7.2. Market Share
5.7.2.1. By Mattress Type
5.7.2.2. By Application
5.7.2.3. By Sales Channel
| Market Segmentation | Details |
| By Product Type |
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| By Application |
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| By Sales Channel |
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| By Bed Size |
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| By Region | |
| By Country | |
| Company profiles |
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| Other Market Details |
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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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View original content:https://www.prnewswire.co.uk/news-releases/more-than-9-million-awarded-to-high-school-scientists-and-engineers-at-the-regeneron-international-science-and-engineering-fair-2024-302149316.html
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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