Day: November 15, 2023

The rapid proliferation of the latest technologies, such as Machine Learning and Artificial Intelligence, is expected to drive the IoT Medical Devices Market demand Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global IoT Medical Devices Market is forecasted to be worth USD 505.52 Billion by 2032, according to a current analysis by Emergen Research. Rising investment in artificial intelligence for the implementation of digital medical devices, the emergence of connected cars, and the adoption of wearable technology are contributing to the growth of the market. The utilization of connected technology in the healthcare industry for the management of operational workflows and clinical tasks is encouraging the demand for the market. IoT has helped in connecting medical devices and offers better medical help to people. It has also...

The growing government initiatives on improving the healthcare infrastructure and improvement in medical device technology are driving the demand of the Medical Devices Testing Services Market Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global Medical Devices Testing Services Market will be worth USD 22.43 Billion by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing government initiatives on improving the healthcare infrastructure. The increasing healthcare budgetary allocation in the emerging economies is expected to drive the demand for the medical devices testing services market. The improvement in medical device technology has resulted in the increased efficiency of the devices and improved patient care, which in turn has increased the adoption of the testing...

The growing need for partnerships and collaboration among market players and the increasing need for cost-effective solutions will drive the In Silico Drug Discovery Market Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global In Silico Drug Discovery Market is forecasted to be worth USD 11.68 Billion by 2032, according to a current analysis by Emergen Research. The technology is useful in finding new molecules from the molecule library, identify drug targets, and develop personalized medicines in the industry. The application of computers makes the whole process quick and cost-effective. Several factors are aiding in the growth of the market, such as an increase in the number of people suffering, the flourishing healthcare industry, along with manufacturers’ approach towards reducing the overall cost associated with drug...

Increasing preference toward cannabis extracts, such as oils and tinctures, rising adoption of CBD-based products for treating various medical conditions and number of retailers selling Cannabidiol (CBD)-based products, and changing regulatory landscape for approval of CBD products across regions are key factors driving Cannabidiol (CBD) market revenue growth Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global Cannabidiol (CBD) market size was USD 3.86 Billion in 2022 and is expected to register a rapid revenue CAGR of 28.3% during the forecast period. Key factors propelling this growth include the rising preference for cannabis extracts, changing regulatory landscapes, and a surge in retailers offering CBD-based products. CBD, a natural compound in the cannabis plant, has gained significant traction for its potential health...

Growth in the global population, coupled with the growing need for maximizing crop yield and limited availability of arable land, is driving the demand of the Indoor Farming Technology Market Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global Indoor Farming Technology Market will be worth USD 98.66 Billion by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing environmental concerns such as the depletion of soil quality and groundwater on applications of chemical-based solutions. Limited availability of arable land due to land degradation has resulted in the increasing adoption of the indoor farming system by the farm owners. Growing initiatives of the government regarding the adoption of indoor farming to meet the increasing demand for maximizing crop yield...

TORONTO, Nov. 15, 2023 (GLOBE NEWSWIRE) — Psyence Group Inc. (CSE:PSYG), a clinical-stage life science biotechnology company pioneering the use of nature-derived psilocybin in mental health and wellbeing (“Psyence”), and Newcourt Acquisition Corp (Nasdaq: NCAC) (“Newcourt”), a special purpose acquisition company today announced that the registration statement on Form F-4 (the “Registration Statement”), filed by Psyence Biomedical Ltd. (“Pubco”) with the Securities and Exchange Commission (“SEC”) was declared effective by the SEC on November 13, 2023. The Registration Statement was filed in connection with the previously announced business combination between Psyence Biomed Corp (“Psyence Biomed”), a wholly owned subsidiary of Psyence, and Newcourt. Pursuant to the Amended and Restated Business Combination Agreement, prior to the...

The Medical Radiation Detection, Monitoring, and Safety market is driven due to the growing prevalence of cancer and the rise in the awareness of adverse effects on exposure to radiation. Vancouver, Nov. 15, 2023 (GLOBE NEWSWIRE) — The global Medical Radiation Detection, Monitoring, and Safety Market is forecasted to be worth USD 1,709.45 Million by 2032, according to a current analysis by Emergen Research. The medical radiation and safety equipment detection is applicable in nuclear medicine for the rapid identification of cancer. It has also helped in the monitor of fatal diseases through visual tracking. A rise in the prevalence of cancer and insurance coverage will also impact market demand. The rapid adoption among emerging nations such as China and India will also encourage the demand for medical radiation detection, monitoring,...