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Medical Pendant Market to hit USD 731 Million by 2028, Says Global Market Insights Inc.

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Global medical pendant market value is projected to reach USD 731 million by 2028, according to a new research report by Global Market Insights Inc. Increase in number of hospital admissions and surgeries is set to encourage industrial growth.

The market has witnessed a significant CAGR in the recent years owing to the rise in healthcare expenditure. All expenses for health services, family planning, nutrition activities, and health-related emergencies are included in health expenditures. Healthcare expenditure leads to greater health prospects that may help promoting economic performance and enhancing human capital. Higher per capita income is linked to a longer life expectancy. Additionally, the increasing burden of chronic diseases has contributed to the industry demand.

Medical pendant market from movable pendant segment is anticipated to cross USD 503 million by 2028. This is attributed to the rise in number of surgical procedures over time. Moreover, the movable medical pendant is a preferable choice in surgical centers as it needs less maintenance as compared to the fixed medical pendant. The above-mentioned factors are fueling the segmental demand for movable medical pendant.

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Ceiling mounted segment is estimated to expand at 5.9% CAGR from 2022 to 2028. This is due to the advantages of adopting the ceiling mounted installation in a healthcare setting. In a modern hospital operating theatre, the ceiling-mounted pendant is ideal as an essential gas supply medical device. It is mostly used for the terminal transfer of medical gases in an operating room. Furthermore, it also provides electrical components to intensive care units, operating rooms, and hospital wards.

Medical pendant market from endoscopy segment accounted for around USD 33 million in 2021 and is anticipated to witness considerable CAGR during the forecast timeframe. This is owing to the increased prevalence of diseases such as gastrointestinal disorders and cancer. According to the epidemiological study published in the NCBI in the year 2021, around 40% of people across the world suffered from functional gastrointestinal disorders. Thus, the rising disease burden has influenced the adoption of medical pendants.

Browse key industry insights spread across 200 pages with 284 market data tables & 16 figures & charts from the report, “Medical Pendant Market Forecasts By Product (Fixed Pendants, Movable Pendants { Single-arm Movable Pendants, Multi-arm Movable Pendants }), Installation (Ceiling Mounted Pendants, Wall Mounted Pendants), Application (Intensive Care Unit, Surgery, Anesthesia, Endoscopy), End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents: 
https://www.gminsights.com/industry-analysis/medical-pendants-market

Medical pendant market from hospital segment is projected to grow at 5.7% CAGR during the analysis period. This is attributed to the rise in the number of hospitals along with advanced diagnostics & treatment services, easy access to quality treatment for chronic and acute diseases contributing to an increased preference towards hospitals. The rise in instances of diseases has a positive impact on the healthcare expenditure, thereby resulting in an increase in number of hospitals. Additionally, thorough care plans and supervision offered in hospitals are expected to increase the preference of patient for these healthcare facilities. The above-mentioned factors are anticipated to drive the market expansion.

China Medical pendant market is set to reach around USD 45 million by 2028. This is driven by the increase in number of surgical procedures in China. As per the study, stated in a report published in the NCBI in 2018, around 2,28,938 coronary artery surgeries were performed in China. These growing numbers are greatly reflective of the growing disease burden in the country that in turn, highlight the increasing demand of the medical pendants in the healthcare facilities. In addition, the occurrence of health complications is observed to be higher in the older population, hence, rise in geriatric population is projected to fuel the regional market outlook.

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Some of the prominent companies operating in the medical pendant market are Aeonmed, AmcareMed, Amico Corporation, BeaconMedaes (Atlas Copco), Comen, Dragerwerk, Emaled, Heal Force, HFMED, Novair Medical, Megasan, Mindray, Pneumatik Berlin, Silbermann, Steris, Sugiris, Trivitron Healthcare, and Brandon Medical.

Artificial Intelligence

Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
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n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
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TIE 2024 Unveils a New Era of Innovation

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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.

Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en

View original content:https://www.prnewswire.co.uk/news-releases/tie-2024-unveils-a-new-era-of-innovation-302279310.html

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