NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global IVD contract manufacturing market size is estimated to grow by USD 10.71 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.22% during the forecast period. Increasing demand for one-stop-shop ivd contract manufacturing is driving market growth, with a trend towards leasing of IVD equipment. However, threat of infringement of intellectual property (ip) rights in IVD contract manufacturing poses a challenge. Key market players include Argonaut Manufacturing Services Inc., Avioq Inc, Bio Techne Corp., CorDx, FlexMedical Solutions Ltd, Fortive Corp., Genemed Biotechnologies Inc., HDA Technology Inc., HU Group Holdings Inc., Jena Bioscience GmbH, JSR Corp., Merck KGaA, More Diagnostics Inc., Neogen Corp., PHC Holdings Corp., Prestige Diagnostics UK Ltd., Seyonic SA, TCS Biosciences Ltd., TE Connectivity Ltd., Thermo Fisher Scientific Inc., Tulip Diagnostics Pvt. Ltd., and Veracyte Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The IVD contract manufacturing market is experiencing growth, driven by the rising demand for quality healthcare services and increasing awareness of advanced IVD medical devices. This trend is leading to heightened R&D investments and cost-cutting measures through contract outsourcing. In emerging economies, this approach enables IVD OEMs to reduce costs and expand their reach. Key industry insights include a CAGR analysis, pricing trends, patent landscape, buying behavior, and the role of CMO facilities in providing skilled labor and ensuring quality. Cross contamination and patent infringement are potential challenges for budding players in this high potential market for IVD consumables. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The IVD contract manufacturing market is experiencing significant growth due to budget cuts in healthcare and the high demand for IVD products. OEMs are outsourcing production to save up to 15% on costs. Industry trend analysis reveals the importance of skilled labor and CMO facilities. Pricing analysis is crucial for key stakeholders, including IVD OEMs. Patent analysis is essential to avoid patent infringement and ensure quality. Buying behavior is influenced by the high potential market and budding players. Cross contamination is a concern in IVD consumables manufacturing. The CAGR for this market is expected to remain robust, making it an attractive industry for investment. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This ivd contract manufacturing market report extensively covers market segmentation by 1.1 IVD consumables 1.2 IVD equipment/instrument 2.1 Assay development 2.2 Manufacturing 2.3 Others 3.1 Asia 3.2 North America 3.3 Europe 3.4 Rest of World (ROW) 1.1 IVD consumables- The IVD consumables market caters to the hematology segment with a focus on testing services. This market's significance stems from the intricate nature of IVD consumables, which include thin-walled, translucent, fragile, or complex-shaped components. Strict tolerance requirements ensure dosing accuracy, snap-in catches, and seals. The market's growth is driven by molecular, clinical, and immunoassay diagnostic techniques. IVD consumables facilitate disease diagnosis by identifying cellular components, such as tumor markers, for improved understanding of cell biology. In hematology, these markers aid in diagnosing malignant tumors or cells using technologies like immunohistochemistry (IHC), determining cell type, origin, and tumor stage. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Market Research Overview The Partnership for Advanced Research in Technology (PARTEC), a German public-private partnership, has identified several key areas in the In Vitro Diagnostic (IVD) contract manufacturing market. These include the need for cost-effective and efficient manufacturing processes, the importance of regulatory compliance, and the role of automation and digitization in improving production and quality control. The global IVD contract manufacturing market is expected to grow significantly due to the increasing demand for point-of-care (POC) diagnostics and personalized medicine. Market players are focusing on expanding their manufacturing capabilities to cater to this growing demand. Government grants and funding initiatives, such as those provided by the European Union and the US National Institutes of Health, are also driving innovation and investment in the IVD contract manufacturing sector. Moreover, the market is witnessing a trend towards outsourcing manufacturing activities to specialized contract manufacturers, who can offer expertise in areas such as automation, sterilization, and regulatory compliance. This trend is expected to continue as the IVD industry moves towards more complex and innovative diagnostic technologies. In summary, the IVD contract manufacturing market is a dynamic and growing sector, driven by advances in technology, regulatory requirements, and the increasing demand for cost-effective and efficient manufacturing solutions. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Device IVD Consumables IVD Equipment/instrument Service Type Assay Development Manufacturing Others Geography Asia North America Europe Rest Of World (ROW) 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioStellar vs. Litecoin: Battle for Top 20 Crypto Spot Intensifies as Lunex Network Token Joins the Race
( MENAFN - media OutReach Newswire) HONG KONG SAR - Media OutReach Newswire - 22 December 2024 - On December 20th, Fushi technology is set to launch its AI Agent industry vertical applications in the Southeast Asia region to help businesses improve efficiency and optimize operations. Fushi Technology is an investment of Hong Kong-listed company Yeahka Limited (9923). In 2024, Fushi already expanded its client base in Southeast Asia, including over 200 global and regional brands such as Starbucks, MUJI, Pizza Hut, New Balance, Levi's, KOI, and Mr. Coconut, covering markets in Singapore, Indonesia, Vietnam, and Malaysia, with over 20,000 stores in total. Fushi's achievements can be attributed to two key drivers: The first driver is the synergies created by its partnership with Yeahka. Leveraging the payment technology, service expertise, and applied artificial intelligence (AI) technologies that are already validated in China, Fushi provides more attractive business empowerment solutions for merchants across the Asia-Pacific region. The second key driver is that Fushi itself places great importance on the localization of its SaaS product development and operations functionalities. By continually harnessing the market attributes and customer preferences in different vertical industries overseas, Fushi has enriched its in-house product portfolio and greatly improved service efficiency, enhancing the breadth and depth of its business empowerment capabilities for clients, while also increasing customer retention. The launch of Fushi's AI Agent industry vertical application is also driven by the needs of those overseas clients outside of China. Currently, Fushi's AI Agent primarily targets the food and beverage industry. Customers can use conversational natural language, either through voice or text, on the brand's official app or website to inquire about various information related to restaurants and food, as well as place orders and make payments. This will significantly enhance the customer experience and improve order conversion rates. In the future, Fushi will also collaborate with Ascentis, a leading CRM company in Singapore that Fushi recently acquired, to develop a marketing AI agent, allowing businesses to automatically plan and execute marketing campaigns and manage customer relationships through natural language. AI Agents are intelligent entities based on large language models (LLMs) that can autonomously understand, plan, make decisions, and perform complex tasks. Unlike traditional large models, AI Agents not only tell you "how to do" something, but also help you "do it." According to Deloitte, AI Agents are reshaping industries in unprecedented ways. They not only expand the application scope of generative AI but also enhance AI capabilities through multi-agent AI systems. For example, after launching the AI-driven AXON2.0 advertising marketing engine, Applovin saw an increase in advertising monetization rates, with third-quarter revenue rising by 39% year-on-year and net profit growing by 300% year-on-year. As of December 20th, Applovin's stock price has increased by over 700% this year. With AI Agents reshaping traditional industries and technologies, more industry disruptors are expected to emerge. Jared, a partner at Y Combinator and a senior investor, recently analyzed the market, predicting that vertical AI Agents could become a new market that is 10 times larger than SaaS, potentially creating technology giants with market values exceeding $300 billion each. With China's expansion into overseas markets, Fushi is poised to seize new market opportunities, thanks to its long-standing experience in serving merchants in combination with the addition of proprietary AI Agents. MENAFN22122024003551001712ID1109021700 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
RALEIGH, N.C. (AP) — The very close election for a North Carolina Supreme Court seat heads next to a hand recount even as election officials announced a machine recount of over 5.5 million ballots resulted in no margin change between the candidates. The statewide machine recount — in which ballots were run again through tabulators — that wrapped up this week showed Democratic Associate Justice Allison Riggs with a 734-vote lead over Republican challenger Jefferson Griffin, who is a Court of Appeals judge. Most county election boards reported minor vote changes from the machine recount requested by Griffin. But State Board of Elections data showed the post-recount lead exactly the same as what Riggs held after all 100 counties fully completed their ballot canvass in November. Griffin led Riggs by about 10,000 votes on election night, but that lead dwindled and flipped to Riggs as tens of thousands of qualifying provisional and absentee ballots were added to the totals through the canvass. Griffin, who already has pending election protests challenging the validity of more than 60,000 ballots counted statewide, has asked for a partial hand-to-eye recount, which county boards will start Wednesday or Thursday. The partial hand recount applies to ballots in 3% of the voting sites in all 100 counties, chosen at random Tuesday by the state board. Once the partial recount is complete, a statewide hand recount would be ordered if the sample results differ enough from the machine recount that the result would be reversed if the difference were extrapolated to all ballots. Riggs, who was appointed to the Supreme Court in 2023 and now seeks an eight-year term, again claimed victory Tuesday. In a campaign news release, spokesperson Embry Owen said Griffin “needs to immediately concede – losing candidates must respect the will of voters and not needlessly waste state resources.” Riggs is one of two Democrats on the seven-member court. Through attorneys, Griffin has challenged ballots that he says may not qualify for several reasons and cast doubt on the election result. Among them: voter registration records of some voters casting ballots lack driver's license or partial Social Security numbers, and overseas voters never living in North Carolina may run afoul of state residency requirements. State and county boards are considering the protests. Griffin's attorneys on Monday asked the state board to accelerate the matters before it and make a final ruling early next week. "Our priority remains ensuring that every legal vote is counted and that the public can trust the integrity of this election,” state Republican Party spokesperson Matt Mercer said in a news release. Final rulings by the state board can be appealed to state court. Joining Griffin in protests are three Republican legislative candidates who still trailed narrowly in their respective races after the machine recounts. The Supreme Court race and two of these three legislative races have not been called by The Associated Press. The key pending legislative race is for a House seat covering Granville County and parts of Vance County. Republican Rep. Frank Sossamon trails Democratic challenger Bryan Cohn by 228 votes, down from 233 votes before the recount. Sossamon also asked for a partial hard recount in his race, which was to begin Tuesday. Should Cohn win, Republicans will fall one seat short of the 72 needed in the 120-member House to retain its veto-proof majority — giving more leverage to Democratic Gov.-elect Josh Stein in 2025. Senate Republicans already have won 30 of the 50 seats needed to retain its supermajority in their chamber. The AP on Tuesday did call another legislative race not subject to a protest, as Mecklenburg County GOP Rep. Tricia Cotham won her reelection bid over Democrat Nicole Sidman. A machine recount showed Cotham ahead of Sidman by 213 votes, compared to 216 after the county canvass. Cotham’s switch from the Democrats to the Republicans in April 2023 secured the Republicans' 72-seat veto-proof majority so that Democratic Gov. Roy Cooper’s vetoes could be overridden by relying solely on GOP lawmakers. Cotham had already claimed victory weeks ago. Sidman said Tuesday in a written statement: "After a fair vote and a recount following established procedure, I accept the result in my race. In the interest of respecting the will of North Carolina's voters, I urge all candidates to accept the results in their races as well.”
2 Incredible Growth Stocks to Buy With $1,000 Right NowNEW YORK — “Barbenheimer” was a phenomenon impossible to manufacture. But, more than a year later, that hasn’t stopped people from trying to make “Glicked” — or even “Babyratu” — happen. The counterprogramming of “Barbie” and “Oppenheimer” in July 2023 hit a nerve culturally and had the receipts to back it up. Unlike so many things that begin as memes, it transcended its online beginnings. Instead of an either-or, the two movies ultimately complemented and boosted one another at the box office. And ever since, moviegoers, marketers and meme makers have been trying to recreate that moment, searching the movie release schedule for odd mashups and sending candidates off into the social media void. Most attempts have fizzled (sorry, “Saw Patrol” ). This weekend is perhaps the closest approximation yet as the Broadway musical adaptation “Wicked” opens Friday against the chest-thumping sword-and-sandals epic “Gladiator II.” Two big studio releases (Universal and Paramount), with one-name titles, opposite tones and aesthetics and big blockbuster energy — it was already halfway there before the name game began: “Wickiator,” “Wadiator,” “Gladwick” and even the eyebrow raising “Gladicked” have all been suggested. “'Glicked' rolls off the tongue a little bit more,” actor Fred Hechinger said at the New York screening of “Gladiator II” this week. “I think we should all band around ‘Glicked.’ It gets too confusing if you have four or five different names for it.” As with “Barbenheimer," as reductive as it might seem, “Glicked” also has the male/female divide that make the fan art extra silly. One is pink and bright and awash in sparkles, tulle, Broadway bangers and brand tie-ins; The other is all sweat and sand, blood and bulging muscles. Both films topped Fandango’s most anticipated holiday movie survey, where 65% of respondents said that they were interested in the “Glicked” double feature. Theaters big and small are also pulling out the stops with movie-themed tie-ins. B&B Theaters will have Roman guards tearing tickets at some locations and Maximus popcorn tubs. Marcus Theaters is doing Oz photo ops and friendship bracelet-making. Alamo Drafthouse is leaning into the singalong aspect (beware, though, not all theaters are embracing this) and the punny drinks like “Defying Gravi-Tea.” “Rather than it being in competition, I think they’re in conversation,” “Gladiator II” star Paul Mescal said. “This industry needs a shot in the arm. Those films gave it last year. We hope to do it this year.” And the hope is that audiences will flock to theaters to be part of this moment as well. It's a sorely needed influx of could-be blockbusters into a marketplace that's still at an 11% deficit from last year and down 27.2% from 2019, according to data from Comscore. “Competition is good for the marketplace. It’s good for consumers,” said Michael O'Leary, the president and CEO of the National Association of Theatre Owners. “Having two great movies coming out at the same time is simply a multiplier effect.” “Glicked” is currently tracking for a combined North American debut in the $165 million range, with “Wicked” forecast to earn around $100 million (up from the $80 million estimates a few weeks ago) and “Gladiator II” pegged for the $65 million range. “Barbenheimer” shattered its projections last July. Going into that weekend, “Barbie” had been pegged for $90 million and “Oppenheimer” around $40 million. Ultimately, they brought in a combined $244 million in that first outing, and nearly $2.4 billion by the end of their runs. It’s possible “Glicked” will exceed expectations, too. And it has the advantage of another behemoth coming close behind: “Moana 2,” which opens just five days later on the Wednesday before the Thanksgiving holiday. “Glickedana” triple feature anyone? “These are 10 important days,” O'Leary said. “It’s going to show the moviegoing audience that there’s a lot of compelling stuff out there for them to see.” There are infinite caveats to the imperfect comparison to “Barbenheimer,” as well. “Wicked” is a “Part One.” Musicals carry their own baggage with moviegoers, even those based on wildly successful productions (ahem, “Cats”). “Gladiator II” got a head start and opened internationally last weekend. In fact, in the U.K. it played alongside “Paddington in Peru,” where that double was pegged “Gladdington.” “Gladiator” reviews, while positive, are a little more divided than the others. And neither directors Ridley Scott nor Jon M. Chu has the built-in box office cache that Christopher Nolan’s name alone carries at the moment. The new films also cost more than “Barbie” ($145 million) and “Oppenheimer” ($100 million). According to reports, “Gladiator II” had a $250 million price tag; “Wicked” reportedly cost $150 million to produce (and that does not include the cost of the second film, due next year). The narrative, though, has shifted away from “who will win the weekend.” Earlier this year, Chu told The Associated Press that he loves that this is a moment where “we can root for all movies all the time.” Close behind are a bevy of Christmas releases with double feature potential, but those feel a little more niche. There’s the remake of “Nosferatu,” the Nicole Kidman kink pic “Babygirl” and the Bob Dylan biopic “A Complete Unknown.” The internet can’t even seem to decide on its angle for that batch of contenders, and none exactly screams blockbuster. Sometimes the joy is just in the game, however. Some are sticking with the one-name mashup (“Babyratu”); others are suggesting that the fact that two of the movies feature real-life exes (Timothée Chalamet and Lily-Rose Depp) is enough reason for a double feature. And getting people talking is half the battle. When in doubt, or lacking a catchy name, there’s always the default: “This is my Barbenheimer.” ___ Associated Press journalist John Carucci and Film Writer Jake Coyle contributed reporting.
GIK Institute arranges alumni reunion
Abdul Malik Kweku Baako Jnr. Declares Support for NPP Ahead of December 7 ElectionsElizabeth Neville has been appointed the Director of the Australian Institute of Family Studies for a five-year term. Neville brings experience across multiple government and non-government agencies and the legal sector to the role at , the Australian Government’s key research advisory agency in the area of family wellbeing. It’s an independent statutory authority established in 1980 under the . Neville’s background is in disability, aged care and community services, and she has qualifications in social work, education and evaluation. She has previously worked in management roles in service delivery and peak body organisations in the not for profit sector. Neville has also worked as a senior manager in provision of government advisory services. Before joining AIFS, she was a senior executive with the National Disability Insurance Agency (NDIA). Neville has been acting in the position of Director at AIFS since June 2023. Announcing Neville’s appointment, the Minister for Social Services Amanda Rishworth said Neville’s experience will ensure the AIFS continues to conduct high-quality, impartial research to inform Australia’s policies and programs. “I am pleased to announce the appointment of Ms Neville into the role of Director of AIFS,” Rishworth said. “Ms Neville will continue to bring valuable policy and operational experience to the role, particularly as the former Head of the Children’s Taskforce in the National Disability and Insurance Agency.” “Our Government recognises the value of the work AIFS does to support the family services sector, and will continue to work closely with Ms Neville to ensure AIFS’ research, evaluation and knowledge translation supports the government to address the major forces, trends and transitions that will impact Australian families over coming decades.” “Under Ms Neville’s leadership, AIFS will continue to deliver critical research and insights into the wellbeing of Australian families, informing government policy and promoting evidence-based practices in the family services sector,” Rishworth said.