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Month: June 2022

Titan Medical Announces Agreement with Nissha Medical Technologies

TORONTO, ON, June 21, 2022 (GLOBE NEWSWIRE) — Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced that it has signed an agreement with Nissha Medical Technologies for the manufacture of surgical consumables. These single-use surgical components will be used for verification and validation testing, and pre-clinical and clinical studies of Titan’s Enos™ robotic single access surgical system. “We are pleased to be working with Nissha, experts in providing end-to-end solutions in product design, development, and manufacturing of single-use medical technologies for our Enos system,” said Paul Cataford, Interim President, CEO and Board Chair. “This partnership is an important...

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Quipt Enters Louisiana Adding Approximately $6.5 Million in Annualized Revenues, and Anticipated $1.3 Million of Adjusted EBITDA (post integration) with Acquisition of Access Respiratory Homecare, LLC

Expands Referring Physician Network to Over 20,600 and Active Patient Base to Over 190,000 CINCINNATI, June 21, 2022 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ:QIPT; TSXV:QIPT), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce that it has acquired Access Respiratory Homecare, LLC (“Access Respiratory Homecare”), a business with operations in Louisiana, reporting unaudited trailing 12-month annual revenues of approximately $6.5 million ‎and with anticipated Adjusted EBITDA (defined below) of $1.3 million post integration. As a reminder all figures stated are in USD. Acquisition Details The acquisition encompasses two locations in Louisiana, representing the 19th state of service for Quipt. The Company will immediately...

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Bioventus Amends CartiHeal Acquisition Structure

DURHAM, N.C., June 21, 2022 (GLOBE NEWSWIRE) — Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, announced today that it has entered into an amendment to the Option and Equity Purchase Agreement for its pending acquisition of CartiHeal (“Amended Acquisition Agreement”). “CartiHeal represents an important breakthrough for the treatment of osteoarthritis and osteochondral defects of the knee with significant long-term potential, and we are excited to have reached an amendment that we believe will be favorable to our stakeholders and enable us to complete the acquisition,” commented Ken Reali, Bioventus’ chief executive officer. “The ability to defer a significant portion of the upfront cash consideration allows us to continue investing in our near-term strategy for growth...

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With 7.36% CAGR, Commercial Aircraft Disassembly, Dismantling, and Recycling Market to Hit USD 5.40 Billion by 2027 | Fortune Business Insights™

Companies Covered in Commercial Aircraft Disassembly, Dismantling, and Recycling Market are Aircraft End-of-Life Solutions (AELS), BV (Delft, the Netherlands), GA Telesis LLC (Florida, the U.S.), AerSale Inc (Florida, the U.S.), Tarmac Aerosave (Tarbes, France), Bombardier Inc. (Montreal, Canada), AJW Group (Horsham, the U.K.), The Carlyle Group (Washington D.C., the U.S.), China Aircraft Leasing Group Holdings Limited (Hong Kong, China), AAR (Illinois, the U.S.), Magellan Aircraft Services Corp. (Charlotte, NC, the U.S.), Ascent Aviation Services (Arizona, the U.S.), Air Salvage International Ltd (Cirencester, the U.K) and Other Players. Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global commercial aircraft disassembly, dismantling, and recycling market is set to gain momentum from the increasing availability of recycled...

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With 23.7% CAGR, Autonomous Mobile Robots Market to Reach USD 8.70 Billion by 2028 | Europe Holds Highest Market Share Due To Expanding Distribution Channels

Companies Profiled in Autonomous Mobile Robots Market are Material Handling Systems. (U.S.), Fetch Robotics, Inc. (U. S.), IAM Robotics (U. S.), NextShift Robotics (U.S.), Stanley Robotics (U.S.), SESTO Robotics. (Singapore), HAHN Robotics GmbH (Germany), Vecna Robotics (U.K.), AutoGuide Mobile Robots (England), SoftBank Robotics (France) Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global autonomous mobile robots market is anticipated to grow during the projected period due to the emerging e-commerce industry and the adoption of advanced technologies. Fortune Business Insights™ publishes this information in a report titled, “Autonomous Mobile Robots Market, 2021-2028″. As per the report, the autonomous mobile robots market size was USD 1.67 billion in 2020. The market is projected to grow from USD 1.97 billion...

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With 9.8 % CAGR, Blood Pressure Monitors Market Size worth USD 3.21 billion by 2028 Industry Trends & Forecast Report by Fortune Business Insights

According to Fortune Business Insights, the global Blood Pressure Monitors Market size is projected to reach USD 3.21 billion by 2028, at CAGR of 9.8% during forecast period; Increasing Awareness of Effective Management of Hypertension to Bolster Growth Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global blood pressure monitors market is set to gain traction from the increasing shift of patients from hospital care to home care devices because of the ongoing COVID-19 pandemic. Renowned companies, such as Omron Healthcare, Inc. are persistently striving to launch technologically advanced devices to cater to the huge demand from patients. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Blood Pressure Monitors Market, 2021-2028.” As per the report, the blood pressure monitors market size...

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With 29.4% CAGR, Natural Language Processing Market Worth USD 127.26 Billion by 2028

According to Fortune Business Insights, the global natural language processing (NLP) market size is projected to reach USD 127.26 billion in 2028, at a CAGR of 29.4% during the forecast period Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global natural language processing market size is projected to grow from USD 20.98 billion in 2021 to USD 127.26 billion in 2028 at a CAGR of 29.4% in the forecast period. This information is provided by Fortune Business Insights, in its report, titled, “Natural Language Processing Market Forecast, 2021-2028.”. As per the report, the market size was USD 16.53 billion in 2020. Factors such as the increasing adoption of smart devices and the growing adoption of NLP technology in healthcare settings are expected to favor the adoption of the product globally. For instance, in January 2021, Pryon...

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With 24.8% CAGR, Gamification Market Worth USD 37.00 billion by 2027

According to Fortune Business Insights, the global Gamification Market size is projected to reach USD 37.00 billion by 2027, at a CAGR of 24.8% during the forecast period. Inclination towards Gamification Solutions for Promotional Purposes to Facilitate Business Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global gamification market size is expected to reach USD 37.00 billion by 2027, exhibiting a CAGR of 24.8% during the forecast period. The rising focus towards game-based learning solutions for training and recruitment processes will spur business opportunities for the market during the forecast period. Moreover, the companies are adopting gamification solutions to promote products and enhance customer relations, which, in turn, will augur well for the market in the forthcoming years, the market size stood at USD 6.33 billion...

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Baby Formula Market Share to Reach USD 109.10 Billion by 2027 | Increased Consumption of Baby and Infant Food Products to Propel Growth in the Asia Pacific and North America

Key Players Covered in the Baby Formula Market Report are Abbott (Chicago, United States), Yili Group (Hohhot, China), Nestle S.A. (Vevey, Switzerland), Perrigo Company plc (Michigan, United States), Reckitt Benckiser Group plc. (Slough, United Kingdom), Royal FrieslandCampina N.V. (Amersfoot, Netherlands), Danone SA (Paris, France) and more Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global baby formula market size stood at USD 50.46 billion in 2019. It is projected to reach USD 109.10 billion by 2027 at a CAGR of 10.6% during the forecast period. The market thrives due to increased awareness about food security and high nutritional content in infant formula. Fortune Business Insights™ stated this in a report titled, “Baby Formula Market, 2020-2027.” COVID-19 Impact- Growing Concerns about Infection Could Hindered...

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Logistics Robots Market To Reach USD 17.82 Billion By 2028 | North America Dominates Global Market Due To Rapid Industrialization

Companies Covered in the Logistics Robots Market are ABB, TOYOTA INDUSTRIES CORPORATION, Kawasaki Heavy Industries, Ltd., FANUC CORPORATION, Vecna Robotics, KUKA AG, Yaskawa America, Inc., Dematic, Krones AG, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Columbia/Okura LLC, IAM Robotics, TOSHIBA CORPORATION, Teradyne Inc., OMRON Corporation, Asic Robotics AG, The Hi-Tech Robotic Systemz, Bastian Solutions, Inc., Daifuku Co., Ltd., Vanderlande Industries B.V., KION GROUP AG Pune, India, June 21, 2022 (GLOBE NEWSWIRE) — The global Logistics Robots Market is anticipated to grow during the projected period due to the expansion of the e-commerce industry. Fortune Business Insights™ publishes this information in a report titled, “Logistics Robots Market, 2021-2028″. As per the report, the logistics robots market size was...

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