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Market Updates

2018, Year of Healthcare Product Recalls
February, 2019

2018 had been the year of significant product recalls by major healthcare manufacturers. Starting from healthcare giants such as GE Healthcare, Medtronic, and Abbott Laboratories, the industry faced debacles in the continuation of branded medical devices by the consumers. Medtronic itself witnessed at least three different product recalls in 2018, impacting its Cardiovascular business globally. On the other hand, GE Healthcare confronted at least two product recalls in the last year.Provided are the most significant product [...]

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Rising Focus on Advanced Machine Condition Monitoring Solutions in Manufacturing Sector
February, 2019

Industrial Internet of things (IIOT) solutions are transforming the manufacturing sector in terms of operational efficiency. Globally, manufacturers are focusing on incorporating IoT-enabled solutions to improve production efficiency. Traditional conditional monitoring practices involves capturing measurements in a standardised repetitive process by taking measurements of key head components one by one, which costs companies time, money, and the acquired data is prone to errors. Hence companies have started focusing on deploying IoT empowered s [...]

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Hitachi Chemical to Acquire Biopharma
February, 2019

Hitachi announced about the agreement where apceth Biopharma GmbH will join the Hitachi Chemical’s PCT services.  The firm manufactures gene and cell therapy products. America and Europe are its major market. The firm has 2 manufacturing units in Munich, Germany. As per this agreement Hitachi will acquire manufacturing units and some area of cleanroom.The coming together of both firms will strengthen their global market presence and help them to be the second largest in their of  gene and cell therapy market. [...]

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Top industries leveraging Augmented Reality (AR) Technology Solutions
February, 2019

Augmented Reality is the super-imposition of computer-generated imagery on top of real-world environment. The technology is capable of inserting and overlaying digital and virtual information onto the real-world environment for better user experience. Currently, there are several industries which have deployed this technology by either prototyping AR applications or using it within their operations to augment human performance.Healthcare - Various AR solutions are made available to ease surg [...]

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Smart Home Security Solutions – Integration of Audio Analytics
February, 2019

The Smart Home Security Solutions have emerged as a necessity rather than a luxury due to rise in crime rate across the globe. This has resulted in home security business growing significantly in recent years supported by easy availability of low-cost wireless technologies, smart home technologies and always-on broadband services. Some of the commercially available smart home security solutions include: Nest Cam – a security camera that can provide live high defini [...]

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Blockchain - An Emerging Technology
February, 2019

Blockchain is an emerging technology which has gained popularity in few years. Blockchains are the shared digital ledgers that are linked with cryptographic algorithms for verifying the creation and transfer of digitally represented assets or information over a peer-to-peer network. It is distributed or decentralized public ledger which contains blocks of transaction or information linked to each other. Blockchain ensures secure, authenticated & verifiable transactions and allows to make changes only with the consent of each participant [...]

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No-Deal BREXIT - A Looming Catastrophe for UK Chemical Sector
February, 2019

The vote of 16 January, 2019 has created many uncertainties in the UK chemical sector. The chances of no-deal Brexit have increased multifold with non-acceptance of the deal in the parliament. This scenario can have serious implications on chemical industry in the UK disrupting the supply chain dynamics. The chemicals and pharmaceutical industry, which is one of the biggest contributor towards the national GDP is expected to take a heavy toll on the regulation and control of chemical production standards, employment policies, and most important [...]

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Demand for RTLS in Healthcare
February, 2019

Real Time Location System (RTLS) is a wireless tracking technology used to track the real-time location of assets and people. Healthcare sector was the early adopters of RTLS, the demand for RTLS solutions in healthcare environment is consistently due to stringent compliance requirements and RTLS solutions are becoming a vital component of hospital management. Some of the key RTLS components includes tags, receivers/readers, and location engine software. Type of RTLS technology commonly used in healthcare environment varies based on application [...]

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Augmented Reality and Virtual Reality Technology Deployment by Aviation Companies
February, 2019

Research, operation and future considerations for augmented reality innovations have been growing throughout the global aviation industry over the previous decade. The article will cover some of the application areas of the aviation industry, where augmented reality technology is being deployed by aviation companies.Pratt and Whitney: The company’s customer training division has formed strategic collaboration with United Technologies Research Center to invest and develop augment and virtual [...]

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Augmented Reality for Industrial and Machine Placement
February, 2019

The proliferation of tablets, smartphones equipped with next-gen technologies and solutions along with emerging eye-wear glasses in augmented reality (AR) are expected to support the development of AR-based industrial maintenance applications. Augmented reality can be used in machine maintenance for parts analysis and simulation, staff support, layout and maintenance planning or supervising.

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