Connect with us

Artificial Intelligence

Medical Injection Molding Market Size Worth $1.83 Billion by 2026: Grand View Research, Inc.

Photo source: observatorbn.ro

Published

on

 

The global medical injection molding market size is anticipated to reach USD 1.83 billion by 2026, expanding at a CAGR of 4.0% during the forecast period, according to a new report by Grand View Research, Inc. Factors such as, rising demand for medical products, adoption of disposables, and rapid technological advancements are anticipated to boost the growth.

Key suggestions from the report:

  • Hot runner system dominated the medical injection molding market in 2018 owing to the faster cycle time, quality standard components, and higher production volume
  • Plastic material segment held the leading market share in 2018, owing to its feasible nature for manufacturing complex medical parts, increased functionality, and low cost
  • Class 3 held the leading market share in 2018 owing to their potential of bearing risk and injury. However, Class 2 is expected to expand at the highest CAGR owing to the benefits such as safety and effectiveness
  • Asia Pacific dominated the regional market due to rise in government spending and high demand for medical devices coupled with increasing demand for polypropylene in plastic injection molding components
  • Key market players are introducing technologically enhanced products to gain competitive advantage. For instance, in 2018, Milacron demonstrate its low-pressure injection molding process known as iMFLUX designed by Procter and Gamble. This technology uses highly consistent pressure to achieve up to 50% resulting in faster cycle and reduction in weight of machine parts

Read 114 page research report with ToC on “Medical Injection Molding Market Size, Share & Trends Analysis Report By System (Cold Runner, Hot Runner), By Class (Class 1, Class 2, Class 3), By Material (Metal, Plastics), By Region, And Segment Forecasts, 2019 – 2026” at: https://www.grandviewresearch.com/industry-analysis/medical-injection-molding-market

Technological advancements are expected to drive the market growth. The ability to mold several raw materials through medical injection molding process and increased energy efficiency of injection molding machine have outperformed the traditional medical injection molding machines. Therefore, with technological advancements, the use of injection molding machines for producing medical devices is anticipated to witness growth. This process is used for manufacturing various devices such as cerebral simulators and implantable pacemakers.

Increasing application of plastics in healthcare is anticipated to positively influence the medical injection molding market. Plastic is cost-effective, non-corrosive, pliable, lightweight opposed to other material, and can be molded into more complex shapes and patterns. These advantages are projected to drive the demand for plastics in healthcare products. According to the National Center for Biotechnology Information (NCBI), plastic meets critical requirements of medical products in terms of sterility and chemical resistance.

Grand View Research has segmented the global medical injection molding market on the basis of system, class, material, and region:

  • Medical Injection Molding System Outlook (Revenue, USD Million, 2015 – 2026)
    • Cold Runner
    • Hot Runner
  • Medical Injection Molding Class Outlook (Revenue, USD Million, 2015 – 2026)
    • Class I
    • Class II
    • Class III
  • Medical Injection Molding Material Outlook (Revenue, USD Million, 2015 – 2026)
    • Plastic
    • Injection Blow Molding
    • Extrusion Blow Molding
    • Metal
  • Medical Injection Molding Region Outlook (Revenue, USD Million, 2015 – 2026)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Latin America
      • Mexico
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Find more research reports on Medical Devices Industry, by Grand View Research:

  • Beaker Market – Beaker market is expected to witness substantial growth owing to its increasing application scope in laboratory and medical research applications.
  • Cold Compression Therapy Market – Increasing prevalence of sports injuries and arthritis is expected to drive the cold compression therapy market growth.
  • Orthopedic Digit Implants Market – The orthopedic digit implants are used for corrective surgery of damaged bones and joints. The orthopedic digit implants market is anticipated to witness substantial growth over the forecast period.

 

SOURCE Grand View Research, Inc.

Continue Reading
Advertisement
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Artificial Intelligence

U.S. News & World Report Announces 2020 Best Global Universities Rankings

Published

on

 

U.S. News & World Report, the global authority in education rankings, today published the 2020 edition of the Best Global Universities rankings. In the most comprehensive assessment of research universities worldwide, the new edition evaluates 1,500 schools – up from 1,250 last year – on academic research and reputation.

The top 10 schools in the overall ranking are all found in either the U.S. or the United KingdomHarvard University remains at No. 1, followed by Massachusetts Institute of TechnologyStanford University and the University of California—Berkeley at No. 2, 3 and 4, respectively. The University of Oxford rounds out the top five.

The new edition evaluates schools in 81 countries – up from 75 last year. The U.S. has the most universities in the overall ranking with 249, followed by the following countries:

  • China: 188
  • U.K.: 86
  • Japan: 82
  • Germany: 66

“As the Best Global Universities rankings continue to expand in number of schools and subjects to fulfill the needs of prospective students, we remain consistent in our mission to evaluate schools around the world on their research,” said Robert Morse, chief data strategist at U.S. News. “A major emphasis on academic research is what sets this methodology apart from our other university rankings.”

New this year are six additional subject rankings, bringing the total to 28: oncology, surgery, cardiac and cardiovascular systems, electrical and electronic engineering, mechanical engineering and civil engineering. In both the engineering and computer science rankings, four of the top 10 schools are based in China.

The following countries performed the best in each of these subjects, listed in order of most schools on each list:

Based on Web of Science data and InCites metrics provided by the Web of Science Group, the Best Global Universities methodology weighs factors that measure a university’s global and regional research reputation and academic research performance. For the overall rankings, this includes bibliometric indicators such as publications, citations and international collaboration. Each subject ranking has its own methodology based on academic research performance and reputation in that specific area.

“Many prospective students are looking to other countries for their education,” said Anita Narayan, managing editor of Education at U.S. News. “The Best Global Universities rankings give these students a starting point for their search. In addition to the rankings, students should also consider their fluency in the language of instruction, the fields of study that the school offers and the costs that come from studying in another country.”

2020 U.S. News & World Report Best Global Universities

Overall Best Global Universities – Top 10

  1. Harvard University (U.S.)
  2. Massachusetts Institute of Technology (U.S.)
  3. Stanford University (U.S.)
  4. University of California—Berkeley (U.S.)
  5. University of Oxford (U.K.)
  6. California Institute of Technology (U.S.)
  7. Columbia University (U.S.)
  8. Princeton University (U.S.)
  9. University of Cambridge (U.K.)
  10. University of Washington (U.S.)

Africa – Top 3

  1. University of Cape Town (South Africa)
  2. University of Witwatersrand (South Africa)
  3. Stellenbosch University (South Africa)

Asia – Top 3

  1. National University of Singapore
  2. Tsinghua University (China)
  3. Nanyang Technological University (Singapore)

Australia/New Zealand – Top 3

  1. University of Melbourne (Australia)
  2. University of Sydney
  3. University of Queensland (Australia)

Europe – Top 3

  1. University of Oxford (U.K.)
  2. University of Cambridge (U.K.)
  3. Imperial College London

Latin America – Top 3

  1. Universidade de São Paulo (Brazil)
  2. Pontificia University Católica de Chile
  3. State University of Campinas (Brazil)

The Best Global Universities rankings serve the broader U.S. News mission of providing trusted information and rankings – such as Best CollegesBest Graduate Schools and Best Online Programs – to help all students navigate their higher education options. Specifically for Chinese students, U.S. News offers online resource centers published in Chinese to help guide prospective undergraduate and graduate students interested in studying abroad.

 

SOURCE U.S. News & World Report

Continue Reading

Artificial Intelligence

SAS is No. 1 in advanced and predictive analytics market share, says analyst report

Published

on

 

SAS again ranks number one for market share, according to the IDC report, Worldwide Big Data and Analytics Software 2018 Market Shares: Demand Across All Use-Case Patterns.1

SAS led with a 27.7% market share in the advanced and predictive analytics category in 2018, more than twice that of the next competitor. SAS has led in the predictive and advanced analytics category since IDC started tracking the market in 1997 and has shown continued revenue growth in the category each year.

“As the volume and complexity of data grows, and as organizations seek to make better, faster business decisions, the need for advanced and predictive analytics like those from SAS is expanding,” said Chandana Gopal, Research Manager for Business Analytics at IDC. “SAS is the leader in advanced and predictive analytics market share and has experienced continued growth year over year.

“SAS continues to innovate in AI and the technologies that underpin it like machine learning, natural language generation and computer vision. The analytics leader remains laser-focused on meeting the market’s evolving need for powerful analytics to transform data into value.”

SAS reinvests into R&D more than twice the average for major technology firms. In 2018, SAS devoted 26% of its overall revenue into developing artificial intelligence (AI), IoT, data management and analytics software. To continue fostering innovation and progress in analytics, SAS has committed to invest $1 billion in AI over the next three years.

“Our continuous innovation, clearly exhibited in the SAS Platform and in SAS AI technologies, propels front-line managers, executives and data scientists to change the trajectory of their organizations with advanced analytics,” said Jim Goodnight, CEO of SAS. “Whether it’s providing teams of data scientists with advanced machine learning capabilities or delivering analytics that give decision makers real-time answers, SAS is committed to helping put data and analytics to work, making them accessible to all types of users and driving value to an organization’s bottom line.”

Additionally, SAS ranks second in AI software market share according to the IDC report, Worldwide Analytic Artificial Intelligence Software Platform Market Shares, 2018: Steady Growth – Moving Toward Production (Doc #US45262419, June 2019). The report notes that while the overall AI market saw steady growth last year, SAS experienced growth at a rate more than three times faster than the overall market at 104.6%.

The SAS® Platform provides a strong analytics foundation and a single place to manage and support every phase of an organization’s analytics journey, from initial gathering and preparing of data, through development, management and enterprise deployment of powerful analytical models. An integrated part of the SAS Platform, SAS® Viya® is a cloud-enabled, in-memory analytics engine that provides quick, accurate and reliable analytical insights.

Read about how SAS customers succeed with advanced analytics.

Today’s announcement was made at the Analytics Experience conference in Milan, Italy, a business technology conference presented by SAS that brings together thousands of attendees on-site and online to share ideas on critical business issues.

 

SOURCE SAS

Continue Reading

Artificial Intelligence

Neurotechnology Ranks First in Latest MINEX III Results

Published

on

 

Neurotechnology, a provider of high-precision biometric identification technologies, today announced their latest results in the NIST MINEX III (Minutiae Interoperability Exchange) evaluation. Algorithms from Neurotechnology are top in accuracy and are ranked first in both leaderboard categories: 1) most interoperable fingerprint template generator and 2) most interoperable fingerprint template generator and matcher pair.

“I am proud of our research team for having created the most interoperable and accurate fingerprint recognition algorithm,” said Dr. Justas Kranauskas, head of the biometric research department for Neurotechnology. “An independent confirmation like this means that our customers can have confidence in our continually evolving and improving technologies.”

In addition to having the most interoperable solution, Neurotechnology’s template generator and template matcher are also the second fastest in the MINEX III evaluation leaderboard.

The currently topped-ranked Neurotechnology fingerprint algorithm evaluated at NIST MINEX III is included in the Neurotechnology MegaMatcher multibiometric product line which covers fingerprint (VeriFinger), face (VeriLook), eye iris (VeriEye) and voice (VeriSpeak) modalities. It is also included in solutions for large and national-scale applications in Neurotechnology’s MegaMatcher Automated Biometric Identification System (ABIS) and MegaMatcher Accelerator products.

The entire Neurotechnology biometric product line can be purchased from Neurotechnology and through distributors worldwide. For more information, go to www.neurotechnology.com.

 

SOURCE Neurotechnology

Continue Reading

Trending

Roboticulized is a news publishing website which digests / hand picks the latest news about the AI industry, and serves them to you daily.

Contact us: pressroom@roboticulized.com

© Roboticulized.com 2019 - part of PICANTE Media. All rights reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania