Healthcare Technology News

With the rising prevalence of power outages in several countries, the demand for critical power and cooling solutions is rising sharply across the world. Moreover, the rising industrialization and urbanization rates and burgeoning requirement for backup power for protecting equipment from the harmful effects of grid power fluctuations are also propelling the use of critical power and cooling solutions. These solutions are highly reliable and assist in increasing the lifespan of equipment.  The other major factors fueling the expansion of the global critical power solutions market are the ballooning popularity of cloud computing and digitalization and the mushrooming demand for improving the cooling efficiency in data centers. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will grow from $16,320 million in 2016 to $32,900 million by 2023. The growing requirement for power production and data storage, especially in the Asia...

With the launch of several renewable energy generation projects, the demand for well-developed power evacuation infrastructure is surging, which is, in turn, pushing up the requirement for virtual power plants (VPP). Moreover, the increasing concerns being raised over the soaring pollution levels and greenhouse gas emissions and rapid depletion of fossil fuels are fueling the adoption of renewable energy sources for power generation, which is further boosting the demand for VPP. As per various reports, the share of renewable sources in power production across the world will rise from 7% in 2015 to 20% by the end of 2035. Furthermore, India is aiming to produce 150 GW of renewable energy by the end of 2022. This would subsequently fuel the requirement for VPP, as they are needed for integrating the newly developed renewable power projects with the existing centralized power distribution infrastructure. Moreover, renewable energy projects propel the requirement for a centralized infrastr...

Largescale infrastructure development, owing to the upcoming FIFA World Cup 2022 and the Qatar National Vision 2030, is creating a huge requirement for facility management services in Qatar. As the Qatar National Vision 2030 initiative is based on social development, environmental development, human development, and economic development, an increasing number of infrastructure projects and the flourishing tourism industry will propel the need for facility management solutions in the country. Similarly, the rising construction of hotels, shops, sports arenas, and other facilities, on account of the FIFA World Cup 2022 will also propel the adoption of such services. Moreover, the increasing number of initiatives to empower, educate, and promote facility management service providers in the domain of sustainable practices will also augment the Qatar facility management market at a robust CAGR of 16.4% during the forecast period (2020–2030). According to P&S Intelligence, the market reve...

The growing adoption of tungsten carbide in various industries such as oil & gas, defense, metalworking, power generation, and automotive is fueling its sales across the world. Tungsten carbide exhibits high stiffness and thermal conductivity and provides good resistance against ethanol, gasoline, acetone, water, ammonia, organic solvents, and weak acids. It can be easily molded and pressed into various sizes and shapes for use in applications in cutting tools, equipment, industrial machinery, abrasives, and drills. Besides, the recovery in the oil and gas industry and increasing oil and gas exploration & production (E&P) activities and expansion of the metalworking industry are also propelling the demand for tungsten carbide across the world. Due to these factors, the global tungsten carbide market is exhibiting huge expansion, as a result of which, the revenue of the market is predicted to rise from $1,762.1 million in 2017 to $2,176.8 million by 2023, while the market wi...

People not only care for their own appearance but also that of the things they own, such as houses and automobiles. Thus, with the booming population pushing up the requirement for houses, vehicles, and a host of other practical and materialistic things, the paints and coatings market has a bright future ahead. As per P&S Intelligence, the sale of such materials valued $156,086.2 million in 2019, and this revenue is set to witness a 4.2% CAGR during 2020–2030, to reach $227,834.0 million by 2030 . This is because paints and coatings are what give the products their aesthetic value, which, however, is not their only purpose. They are also applied in high volumes to the interiors and exteriors to protect them from heat, moisture, chemicals, scratches, and abrasions. Hence, apart from architectural purposes, paints and coatings are also used for several special and industrial applications. Among these, they are consumed in the highest volumes for architectural applications, majorly be...

According to the forecast of the market research firm, P&S Intelligence, the global synthetic biology market will grow at an explosive pace in the coming years. The factors propelling the advancement of the market are the soaring geriatric population, advanced and innovative applications of synthetic biology, rising support from several government organizations, ballooning research activities, and surging investments being made in research and development activities pertaining to drug development and drug discovery all over the world.  To learn more about this report:  https://bit.ly/2I3rUew Synthetic biology is basically an interdisciplinary domain that deals with the redesigning and fabrication of various biological components and systems that do not exist in the world around us. This interdisciplinary field focusses on the application of several engineering principles to biology. Synthetic biology helps researchers and healthcare professionals majorly in the study and ...

 According to a report by P&S Intelligence on Healthcare Ecosystem Insights, the healthcare industry in the U.S. is predicted to generate a revenue of $5,605.5 billion by 2024, advancing at a 6.6% CAGR during the forecast period. The growth of the industry in the U.K. Japan, China, the U.S., France, and Singapore is occurring due to the government initiatives & enhanced healthcare infrastructure, rising prevalence of chronic diseases, increasing adoption of healthcare insurance, growing gross domestic product and healthcare expenditure, rising requirement for in-vitro diagnostic (IVD) tests, surging geriatric population, and digitalization in the industry.  To learn more about this report:  https://bit.ly/2JyetUc On the basis of diseases, the healthcare industry is divided into cancer, cardiovascular & circulatory diseases, respiratory diseases, diabetes, neuropsychiatric disorders, blood & endocrine disorders, chronic liver diseases, musculoskeletal dise...