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Rapid Advancements Connected Drug Delivery Devices Market to Fuel Revenues Through 2018-2026

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Increasing digitalization is anticipated to propel growth in the global connected drug delivery devices market. Fortune Business Insights has recently announced a report, titled “Connected Drug Delivery Devices Market Size, Share and Global Trend By Product Type (Sensors, Integrated devices), Application (Diabetes, Multiple Sclerosis, Asthma and COPD, Hypertension), End Users (Home Care Settings, Hospitals, Surgical Centers) and Geography Forecast till 2026.” Increasing adoption of mobile apps for medical purposes is expected to increase the growth rate in the market.

Browse Complete Report Details @

https://www.fortunebusinessinsights.com/industry-reports/connected-drug-delivery-devices-market-100380

On the basis of region, in 2018 North America held a considerable share in the global market. The region is expected to emerge dominant over the forecast period 2019-2026. Owing to the high presence of key market players, the region is likely to have major gains. Moreover, technological advancements in the drug delivery devices Are anticipated to contribute towards market expansion. Europe is foreseen to be among the leading regions.

The region is witnessing high demand for home treatment. Furthermore, favorable reimbursement policies in the region is a factor expected to drive the market. Besides this, the Asia Pacific connected drug delivery devices market is likely to have major gains. Owing to the high prevalence of the chronic disorder in the region, the market is likely to witness expansion. The increasing healthcare expenditure in the region is further expected to contribute towards the market growth.

Technological Advancements in Devices to Fuel Demand in Market

Factor expected to drive the global market is the advantages of the devices such as reimbursement evidence, better dose measurement, and efficient monitoring of the patient. Moreover, innovation in the connected drug delivery devices is expected to fuel the demand in the market.

In 2018, the U.S. Food and Drug Administration, approved Companion Medical’s new product, InPen. The system includes a special insulin pen-enabled with diabetes management mobile app. Such advancement is expected to contribute towards the market expansion.

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On the flip side, the risk of data privacy associated with devices is a factor that may restrain the global connected drug delivery devices market to a certain extent. Additionally, the high cost associated with these devices is a factor that might hamper the growth in the market.

AptarGroup, Inc., and Propeller Health to Set Higher Standards for Other Players

The U.S. Food and Drug Administration approved AliveCor, Inc.’s new product, cardia and. The devices are enabled with personal electrocardiogram, to detect sinus heart rhythms and atrial fibrillation. Development of new devices is further expected to increase growth in the global connected drug delivery devices market.

The competition among the market players is increasing owing to the prevailing opportunities in the market. Certain players are focusing on product development to attain a higher share in the market. Some players are involved in partnership and mergers and acquisition to attain a strong brand presence.

For instance, AptarGroup, Inc., and Propeller Health partnered together in 2018. The aim of the partnership is to launch a platform to develop digital medicines. Some of the key players operating in the globally connected drug delivery devices market are Propeller Health, Cohero Health Inc., AliveCor, Inc., Teva Pharmaceutical Industries Ltd., Phillips-Medisize, Medtronic, 3M, Proteus Digital Health, Inc., and West Pharmaceutical Services, Inc.

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Seoul Viosys Recorded the Highest Quarterly Revenue Since Its Establishment in the Third Quarter and Operating Profit Increased by 256% YoY

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Seoul Viosys Co., Ltd. (Seoul) (KOSDAQ 092190), a leading compound semiconductor solution provider, today announced financial results for the third quarter of 2020 with revenue of KRW 120.7 billion and operating profit of KRW 9.5 billion on a consolidated basis. It recorded the highest quarterly revenue since its establishment alongside its parent company, Seoul Semiconductor in this quarter.

The revenue increased 33% year-on-year and 17% quarter-on-quarter. In the visible LEDs, proportion of high-value-added products such as WICOP, an LED technology that does not require a package, gradually increased, resulting in a double-digit growth YoY and QoQ. WICOP is a technology that will be the core of Mini and Micro LEDs in the future, although it is currently used in automobile headlamps and LCD backlights with its light, thin and simple features.

UV LED revenue increased by triple digits YoY, continuing the growth trend. Violeds revenue is continuously increasing as the global awareness of virus protection increased and market demand searching for optimal solutions to effectively protect peoples daily life in clean environment is increasing.

Not only revenue but also profit margins improved remarkably. Through company-wide cost innovation activities and thorough management and control of each cost category, SG&A expenses decreased by 19% YoY and 26% QoQ. Accordingly, the operating profit for the third quarter reached KRW 9.5 billion, a 256% increase from the same period last year.

The financial situation in Q3 also showed a solid improvement trend following Q1 and Q2, and financial soundness is strengthening. Net debt ratio fell 30 percentage points (%P) to 84.1% YoY due to the increase in cash and cash equivalents, and the current ratio also rose 15.4 percentage points YoY to 58%, showing an improved financial status compared to the past.

Meanwhile, Seoul Viosys presented a conservative Q4 revenue guidance of KRW 120 billion to KRW 110 billion, which is the same as in the third quarter, considering external uncertainties. This is an increase of 20% to 31% compared to the same period last year.

About Seoul Viosys

Seoul Viosys is a full-line solution provider for UV LED, VCSEL (Vertical Cavity Surface Emitting Laser), the next-generation light source for 3D sensor and laser, and a single-pixel RGB Micro Clean Pixel for displays. Established in 2002 as a subsidiary of Seoul Semiconductor, it captured No. 1 market share in the UV LED industry (LEDinside, 2018). Seoul Viosys has an extensive UV LED portfolio with all wavelengths range (200nm to 1600nm) including ultraviolet rays (UV), visible rays and infrared rays. It holds more than 4,000 patents related to UV LED technology. Violeds, its flagship UV LED technology, provides a wide range of industries with optimal solutions for strong sterilization and disinfection (UVC), skin regeneration (UVB), water/air purification and effective cultivation for horticulture. In 2018, Seoul Viosys acquired RayCan, a leading optoelectronic specialist, to add the advanced VCSEL technology which supports smartphone facial recognition and autonomous driving, and has started its mass production. In January 2020, it introduced a disruptive Micro Clean Pixel that has the potential to be a game-changer in the display market. To learn more, visit http://www.seoulviosys.com/en/.

For Seoul Viosys

Seoul Semiconductor Co., Ltd.

Jeonghee Kim

Tel: +82-70-4391-8311

Email: [email protected]

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Hyperconvergence & Virtualization: VMware Cloud Director Available at IKOULA

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Nowadays virtualization and hyperconvergence are among the concerns of many companies, IKOULA “ a key player in the European IaaS market – offers its customers the VMware Cloud Director solution: a stable and proven technology allowing them to easily create their private Cloud(s) and operate online their own virtual data center(s).

Bringing together in a single secure environment all the storage, computing and network resources necessary for any activities, the VMware Cloud Director solution puts an end to physical infrastructures in silos, and guarantees companies an optimized use of these material resources, with a maximized ROI, controlled costs as well as the interoperability and portability of their applications between their different clouds.

What are the benefits for companies using VMware Cloud Director?

  • Simplified provisioning and consumption: users benefit from a single access point, making it very easy to provision all kinds of cloud services, but also third-party services, such as Kubernetes containers or programming interfaces for DevOps.
  • Unparalleled flexibility and responsiveness: companies will be able at any time and with just a few clicks to deploy usual or highly personalized services according to their needs.
  • Simple migration of workloads between different virtual data centers.
  • Optimized IT costs, thanks to the consolidation of resources managed through a single interface and the automation of some IT tasks.
  • 100% French hosting of all data, in accordance with the GDPR, avoiding any foreign interference.

The VMware Cloud Director by IKOULA offer is available from ‚¬699 HT / month, with a minimum of 250 vCPU, 40 GB of vRAM, 200 GB of hard disk, 3 IPv4 addresses and a maximum traffic volume of 20 TB / month.

About IKOULA

Pioneer of the French Cloud since 1998, IKOULA has its own Datacenters in France, as well as two subsidiaries, in Spain and in the Netherlands. Because people are part of its DNA, IKOULA maintains a close relationship with its customers, and provides them with teams of experts available 24/7, to advise and support them in their activities. IKOULA’s teams are also multilingual, in order to respond to the internationalization issues of all of its customers, located in more than 60 countries on 4 continents.

Press

Lucas Fourré – communication executive

[email protected] – +33 1 84 01 02 59

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Comilog Mine Taps JRC for Private LTE Network

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Comilog, the leading manganese company, has decided to build a Private 4G/LTE network in Moanda, Gabon. JRC and Geka Telecom were selected to provide a turnkey solution. JRC will provide the LTE infrastructure for hundreds of subscribers and 4 RF sites, while GEKA Telecom will provide the full services.

As part of an effort to modernize the operation process of Moanda mine, Comilog is investing in a modern and secured LTE infrastructure. Field staff will be equipped with ruggedized tablets and smartphones. The target is to digitalize the various processes to increase efficiency and reduce paper. This effort is part of an overall project called Comilog 2020 to increase the capacity of the mine and to enhance local added value.

JRC LTE infrastructure was chosen for the quality of its offer. The proposed LTE infrastructure is designed to meet mission critical environment and performance. GEKA Telecom will provide its expertise for the settings of the network and the installation.

We are very proud to contribute to the Comilog 2020 project says Sato Katsuhiko, General Manager of 5G Project at JRC. We are specialist of wireless communication for mission critical networks. Projects such as Comilog 2020 are crucial for us. We aim to grow our private LTE/5G business significantly in the EMEA region.

JRC, Japan Radio Co., Ltd. is a specialist of Wireless infrastructure founded in 1915. Based in Japan and with offices across the world, JRC provides complete Private LTE/5G networks since 2015.

GEKA Telecom, founded in 1982, has specialized in telecommunication networks in Africa, the Indian Ocean, Southeast Asia and Eastern Europe, to facilitate access to communication for all.

Kotaro Maruyama, 5G Project

JRC

+81 49 257 6468

[email protected]

www.jrclte.com

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