Frost & Sullivan Recognizes Baxano Surgical as a Leader in MIS Spine Innovation

– The company’s products benefit patients with degenerative conditions of the lumbar spine

MOUNTAIN VIEW, Calif., Aug. 18, 2014 /PRNewswire/ — Based on its recent analysis of the minimally invasive spinal surgical solutions market, Frost & Sullivan recognizes Baxano Surgical, Inc. with the 2014 North American Frost & Sullivan Award for Product Line Strategy Leadership. Baxano Surgical’s superior products facilitate minimally invasive surgery (MIS), offering both patients and hospitals reliable and easy-to-use products that improve outcomes for medical conditions that affect the lumbar region of the spine.

Baxano Surgical’s products include AxiaLIF, VEO, iO-Flex, and the AVANCE MIS Pedicle Screw System. The AxiaLIF system provides a minimally invasive alternative to open spinal fusion procedures, while the VEO Lateral Access and Interbody Fusion System helps surgeons to better visualize the surgical area through clear radiographic views and simultaneously provides a nerve monitoring mechanism.

Baxano Surgical’s iO-Flex is specifically designed to treat lumbar spinal stenosis caused by the overgrowth of bone and tissue in the vertebra. It uses a fine wire that allows surgeons to shave away the overgrown tissue without cutting into healthy tissue. Finally, the AVANCE MIS Pedicle Screw System, which provides posterior fixation of the spine, is designed to minimize tissue damage, while eliminating the need for additional incisions to insert a rod.

“Frost & Sullivan finds that with the expansion of its portfolio to include VEO, iO-Flex and AVANCE, Baxano’s product line covers at least half of the spine surgery device needs of hospitals involved in treating degenerative disc disease,” said Frost & Sullivan Consultant Imran Khan. “Baxano Surgical recognizes the need for further additions to its portfolio and continues to invest in its research and development division.”

Furthermore, Baxano Surgical provides a robust training platform to educate surgeons on product utilization and functionality. By providing hands-on experience, surgeons are able to develop practical techniques with a focus on lateral and presacral fusion approaches as well as decompression with the iO-Flex microblade shaver.

“The cost-efficient nature of Baxano’s MIS products creates value for the payers in the form of a lower overall cost of treatment through less recovery time, shorter hospital stay, and reduced need for excessive pain medicine,” noted Khan. “They also benefit hospitals as they aid in resource optimization, demonstrating significant overall value to the healthcare industry.”

Each year, Frost & Sullivan presents this award to the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, the overall impact it has in terms of customer value, as well as increased market share.

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.

About Baxano Surgical

Baxano Surgical, Inc. is a medical device company focused on designing, developing, and marketing minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region. Baxano Surgical currently markets the AxiaLIF(R) family of products for single and two-level lower lumbar fusion; the VEO(R) lateral access and interbody fusion system; the iO-Flex(R) system, a proprietary set of flexible instruments used by surgeons during spinal decompression procedures; the iO-Tome(R) instrument, which rapidly and precisely removes bone, specifically the facet joints, which is commonly performed in spinal fusion procedures; and Avance(TM), a MIS pedicle screw system used in lumbar fusion procedures. Baxano Surgical was founded in May 2000 and is headquartered in Raleigh, North Carolina. For more information, visit www.baxanosurgical.com.

AxiaLIF, VEO, iO-Tome and iO-Flex are all registered trademarks of Baxano Surgical.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:        Gain access to visionary innovation

Contact:

Mireya Espinoza
P: +1-210-247-3870
F: +1-210-348-1003
E: mireya.espinoza@frost.com

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TOEIC® Program Releases 2013 TOEIC® Listening and Reading Worldwide Data

– Second annual report highlights widespread use of TOEIC® test to measure English proficiency in the workplace

PRINCETON, N.J., Aug. 15, 2014 /PRNewswire/ — Educational Testing Service (ETS) is releasing the second annual report on TOEIC® test takers worldwide for the TOEIC® Listening and Reading (L&R) assessment.

Logo – http://photos.prnewswire.com/prnh/20120110/DC33419LOGO

The TOEIC®Listening and Reading Report on Test Takers Worldwide is based on the information gathered from all test takers who completed the TOEIC® Background Questionnaire administered in 2013. The report presents information about TOEIC test-takers’ average Listening and Reading scores, educational background, work experience, English language study and use, and the TOEIC test-taking experience.

ETS is making this data available to enable users to learn more about the backgrounds of people who took the test and some of the factors that impacted their TOEIC scores and related improvement in English proficiency. Organizations can look at the data to set score benchmarks and goals; however, because the response rates varied across different background questions, special care should be taken in making inferences based on this data.

“As the English language continues to grow globally, it is critical that score users understand more about who takes the TOEIC test,” says Feng Yu, Executive Director of the TOEIC Program. “And because the questionnaire is so in-depth and the testing process is standardized, test takers of any background and location can be compared fairly by score users.”

Relying on this data and TOEIC scores, organizations can build a more diverse and qualified labor pool to make informed decisions around placing, developing and promoting employees from and within any country or region. Additionally, the growing acceptance of the TOEIC tests around the world means test takers can advance their careers at a wider range of organizations.

Report highlights include:

  • Description of TOEIC L&R test-takers in 2013
  • Average TOEIC scores across native countries, industries, etc.
  • Relationships among L&R scores
  • Test-taker demographics

TOEIC assessments are fair, reliable and valid measures of a test-taker’s ability to use English in the workplace. Used by nearly 14,000 organizations in 150 countries, the TOEIC tests are the international standard for assessing an individual’s English-language proficiency level and measuring how well potential employees can apply their English-language skills in a work environment.

While organizations use TOEIC scores and surveys to build a stronger employee base, job seekers trust the TOEIC Program to differentiate themselves in a competitive job market. TOEIC assessments measure all four language skills and provide descriptions of test-takers’ strengths and weaknesses that can be used to inform critical hiring, placement and training decisions.

To download the report, visit www.ets.org/toeic/publications. For more information about the TOEIC program, please visit www.ets.org/toeic.

About the TOEIC Test
For more than 30 years, the TOEIC test has been the global standard for measuring workplace English-language communication skills. The TOEIC assessment family, including the TOEIC Listening and Reading test, the TOEIC Speaking and Writing tests and the TOEIC Bridge™ test are used by nearly 14,000 businesses, organizations, and government agencies in 150 countries. In 2012, almost seven million TOEIC tests were administered worldwide, solidifying the TOEIC Program as the largest and most widely used English-language assessment for the workplace. For more information on the TOEIC tests and other services provided by the TOEIC Program, visit www.ets.org/toeic.

About ETS
At ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually — including theTOEFL® and TOEIC® tests, the GRE® tests and The Praxis Series® assessments — in more than 180 countries, at over 9,000 locations worldwide. www.ets.org.

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London’s Major Cultural Institutions Come Together to Celebrate a Season Like No Other

LONDON, Aug. 15, 2014 /PRNewswire/ — London’s most well-known cultural institutions are coming together in a new initiative to promote the capital’s exceptional autumn season, as forecasts show over two million tourists are expected to visit a collection of blockbuster exhibitions and events taking place throughout the city.  

(Photo: http://photos.prnewswire.com/prnh/20140813/701141-a)

The stellar line-up of exhibitions includes Turner at Tate Britain, Anselm Kiefer at the Royal Academy and Ming: 50 years that changed China. The Ming exhibition will feature a range of spectacular objects – including exquisite porcelain, gold, jewellery, furniture, paintings, sculptures and textiles – from museums across China and the rest of the world.  Many of them have only very recently been discovered and have never been seen outside China.

The Museum of London is also hosting an exhibition on Sherlock Holmes, the world’s most famous fictional detective, recreating the atmosphere of Sherlock’s London through film, photographs and original artefacts.

London remains the undisputed theatre capital of the world and this autumn will see a range of excellent theatrical offerings from new British based shows such as Made in Dagenham starring Gemma Arterton and the story of The Kinks rise to stardom in Sunny Afternoon.

To maintain London’s position as the most visited capital city on earth and highlight the spectacular season ahead, London & Partners – the Mayor’s official promotional company for the capital – and the GREAT Britain campaign have produced a short film previewing the Autumn Season in London. Narrated by the respected British actor David Harewood MBE, the film highlights the key artistic, literary and theatrical events available across the capital and the great historical treasures that domestic and international visitors can enjoy.

The Mayor of London, Boris Johnson, said: “This autumn’s outstanding programme of exhibitions, plays and shows is another great reason to put London at the top of your list of places to visit. Throughout the year, the capital offers an unbeatable variety of arts and culture, attracting people in their millions from around the world. It is a fabulous success story, which we want to build on, and we are developing a plan aimed at maximising the potential of the full range of cultural activity to be found throughout our city.”

The London in Autumn is GREAT film and accompanying b-roll is HD broadcast quality, free access media worldwide, all rights cleared including music. 

Videos can be accessed at: 

http://www.eurovision.net/wf/worldfeeds.php

http://www.eurovision.net/worldlink

Newsmarket: http://www.thenewsmarket.com/londonandpartners

Dropbox: http://bit.ly/1p0Kykc 

YouTubehttp://youtu.be/qfLN5XqkStM 

Media contact:

Rebekah Clement, Media & PR Manager – Leisure Tourism
Tel: +44-(0)20-7234-5861 / +44-(0)-7826-907-415
rclement@londonandpartners.com

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TCL Multimedia Announces 2014 Interim Results

Profit attributable to owners of the parent was approximately HK$169 million

Gross profit margin for Q2 in the PRC Market increased to 24.0% from 18.9% of the same period last year

Speed up its transformation to become a global entertainment technology enterprise

HONG KONG, Aug. 14, 2014 /PRNewswire/ —

Highlights:

  •  For the six months ended 30 June 2014:
    • Turnover amounted to approximately HK$15,203 million, down by 15.9% year-on-year.
    • Gross profit amounted to approximately HK$2,382 million, down by 16.1% year-on-year. Operating profit was approximately HK$309 million, down by 6.6% year-on-year. 
    •  Net profit after tax from continuing operations was approximately HK$168 million, down by 13.8% year-on-year. Profit attributable to owners of the parent from continuing operations was approximately HK$169 million, down by 12.4% year-on-year.
  • For the three months ended 30 June 2014:
    • Benefited from optimization of its product mix with the launch of a series of large-sized and high-end new products, gross profit margin for the second quarter in the PRC Market increased to 24.0% (Q2 2013: 18.9%).
    • Operating loss for the Overseas Markets significantly lowered to approximately HK$12 million from approximately HK$60 million for the same period last year.
  • Continued to speed up its strategic transformation to become a global entertainment technology enterprise with the implementation of “double +” strategy:
    • Officially completed capital injection into Huizhou Kuyu Network Technology Co., Ltd. (“Kuyu”) in June 2014 and gained an immediate access to the online-to-offline (O2O) platform, which ensures rapid development of electronic commerce business by operating through Kuyu’s electronic commerce platform.
    • To achieve further breakthroughs in establishing recurring income streams and revenue-sharing model for its businesses, the Group launched game console T2 during the period, and jointly established a cross-industry “TCL Game TV Ecosystem Strategic Alliance” with dominant players in other industries to develop a double-screen integrated game platform. Meanwhile, the Group debuted its new product, 7V Box in July this year. Its ultimate premium appearance and control experience, the innovative cross-screen interactive function, as well as the vast volume of video game content raised the eyebrows of industry peers and consumers.
    •  Extended the “TCL-iQIYI TV+” (“TV+”) product line and further enriched the TV+ platform and introduced TV+ new products.

TCL Multimedia Technology Holdings Limited (“TCL Multimedia” or “the Group”, HKSE stock code: 01070) today announced its unaudited consolidated interim results for the six months ended 30 June 2014.

Performance Overview

For the six months ended 30 June 2014, the Group recorded a turnover of approximately HK$15,203 million, down by 15.9% year-on-year. Gross profit amounted to approximately HK$2,382 million, down by 16.1% year-on-year. Gross profit margin remained flat year-on-year, gross profit margin of the second quarter increased to 18.5% from 13.0%. Expense ratio remained flat year-on-year. Operating profit was approximately HK$309 million, down by 6.6% year-on-year. Net profit after tax from continuing operations was approximately HK$168 million, down by 13.8% year-on-year. Profit attributable to owners of the parent from continuing operations was approximately HK$169 million, down by 12.4% year-on-year. During the period, the Group recorded a one-off gain of approximately HK$159 million from the closure of certain subsidiaries. The Group’s basic earnings per share and basic earnings per share from continuing operations were HK12.78 cents and HK12.78 cents, respectively (Basic earnings per share and basic earnings per share from continuing operations in the same period of 2013: HK19.11 cents and HK14.51 cents, respectively).

For the first half of 2014, the Group sold a total of 7.56 million sets of LCD TVs, down by 2.0% year-on-year. The Group sold 3.56 million sets of LCD TVs in the PRC Market, down 21.7% year-on-year, and 4.00 million sets of LCD TVs in the Overseas Markets, up 26.1% year-on-year, of which the sales volume of LCD TVs in the Strategic OEM business grew by 109.1% year-on-year to 1.38 million sets. According to the latest DisplaySearch report, in the first quarter of 2014, the Group ranked No.5 in the global LCD TV market with a market share of 5.4%. Meanwhile, the Group ranked No.3 in the PRC LCD TV market with a market share of 16.0%.

The PRC Market

Due to the continuing weak market demand, delays in launches of new products in the first quarter as well as the withdrawal of energy saving home appliances subsidy policy in the end of May last year, the sales volume in the PRC Market was below expectations. Nevertheless, the Group continued to optimize its product mix with the launch of a series of large-sized and high-end new products, resulting in a significant improvement in its results for the second quarter. The gross profit margin for the second quarter in the PRC Market increased to 24.0% from 18.9% of the same period last year, up by 5.1 percentage points year-on-year.

In the first half of 2014, the Group launched a total of 26 new products in 8 series, including 13 models of 4K ultra high-definition TVs, covering medium-sized, large-sized and extra-large-sized screen products ranging from 40 inches to 65 inches. These products contributed to 50% of total number of new products launched. During the period under review, the Group extended the “TCL-iQIYI TV+” product line and completed product enrichment of the large-sized 4K ultra high-definition TVs and smart TVs. Among which, new products including “A71” series and Game TV became the top seller within a short period after launch and was highly appreciated by the market, while proportion of sales volume of large-sized products also increased gradually. The sales volume of the smart TVs increased to 1.28 million sets from 1.04 million sets for the same period of last year, contributing to 36.0% of the total LCD TV sales volume in the PRC Market.

In March 2014, the Group, in a cross-industry move, jointly established a “TCL Game TV Ecosystem Strategic Alliance” with China Unicom Broadband, ATET, JD.com and Gameloft to develop a double-screen integrated game platform. Game TV, E5700, E6700 and TCL game console T2 were well received by the market after their launch. As an important step of entering into the game industry by the Group, the Group expects the game product series will become a new business growth driver, and will coordinate with the Group’s internet-oriented and entertainment-oriented transformation, exploring the blue ocean in the game entertainment market.

Moreover, the Group and IMAX Corporation (“IMAX”) jointly signed with Wasu in April 2014 an agreement in relation to the content distribution for premium home theatres. Wasu is authorised to distribute premium digital audio-visual contents of the PRC and Hollywood movie titles on the system platform of premium home theatres of TCL-IMAX Entertainment Co., Limited, a joint venture set up by TCL and IMAX.

The Overseas Market

The Group’s Overseas Markets achieved steady growths both in turnover and operating results. During the first half of 2014, the sales volume of LCD TVs increased by 26.1% year-on-year to 4.00 million sets, mainly due to proactive adjustment of its product mix focusing on large-sized products, 4K ultra high-definition TVs and smart TVs. During the period, turnover in the Overseas Markets increased by 8.2% year-on-year to HK$6,003 million and gross profit margin increased to 10.7% from 8.0% for the same period last year, up by 2.7 percentage points year-on-year. The overall sales volume and the contribution from middle- to large-sized products to the total sales volume fell short of expectations, resulting in a loss of approximately HK$12 million for the second quarter, significantly lower than approximately HK$60 million loss for the same period last year.

Sales volume of LCD TVs in the Emerging Markets reached 2.07 million sets during the period under review, which remained flat compared to the same period last year. The sales volume of the LCD TVs in the Strategic OEM business increased by 109.1% year-on-year, while the sales volume of LCD TVs in European and North American Markets recorded growths of 11.3% and 203.4%, respectively.

The Group hosted intensively various launching events for new products in the Emerging Markets. These, together with its global entertainment marketing activities with the movie “X-Men: Days of Future Past” and the full rollout of social media marketing initiatives, helped enhancing the TCL brand globally and proactively drove product marketing. In the European Markets, the Group actively cooperated with major retail chains comprehensively, resulting in a higher proportion of sales volume of large-sized smart TVs. Also, the Group ranked No.3 in the ultra high-definition TVs market in France, according to GfK figure with a market share of 11.6%. In the North American Market, the Group has not only reinforced its strategic cooperation with Amazon, but has also actively explored other sales channels, including leading US retailers such as Sam’s Club, etc., driving a significant increase in LCD TV sales volume in that market.

Outlook

Looking ahead to the second half of 2014, the Group will persistently enrich the product line for the PRC Market in the second half of the year, and continue to deepen sales channel and organizational reforms to flatten its enterprise structure further in order to boost its terminal sales capability and agility to changes in the market. The Group joined forces with “The Voice of China”, the hottest professional music show in the PRC, and announced TCL to be the “exclusive collaborative partner from the TV industry for The Voice of China – Season 3” in July 2014, accelerating the rapid rise of the popularity of TV+, a great step for transforming into an entertainment enterprise.

In addition, in the same month, the Group participated in the 12th China Digital Entertainment Expo & Conference (China Joy) in Shanghai, the PRC. The Group joined forces with China Unicom Broadband and ATET again and announced the establishment of the largest Game TV ecosystem in the PRC, with renowned game developers including Gameloft, JJ International Company, Rovio, Marmalade, Cyberfront Korea, J-FLOW to be enrolled to “TCL Game TV Ecosystem Strategic Alliance”, as a move to further facilitate the all-round development of the ecosystem. Meanwhile, the Group debuted its new product, 7V Box in China Joy, with its ultimate premium appearance and control experience, the innovative cross-screen interactive function, as well as the vast volume of video game content raised the eyebrows of industry peers and consumers. The Group strives to enhance its product capabilities for the new businesses, such as games and OTT etc., so as to achieve further breakthroughs in establishing recurring income streams and revenue-sharing model for its businesses.

For the Overseas Markets, the Group will seek to drive sales growth with a combination of product resources, screen strategies and pricing, achieve breakthroughs for the TCL brand in key market and proactively exploit synergies with other businesses of TCL Corporation (“TCL Corporation”). TCL branded products like mobile phones and air conditioners etc. will be introduced in markets like Southeast Asia, etc., to raise the overall TCL brand influence in overseas.

Mr. Hao Yi, Chief Executive Officer of TCL Multimedia said, “We launched the ‘double +’ strategic transformation in February this year which is the combination of ‘intelligence + internet’ and ‘products + services’, marking TCL’s new business model from the product-oriented approach to a product-and-user-oriented approach and unveils our internet-oriented road. On one hand, we will step up the establishment of an internet ecosystem by cementing our hardware business and enhancing our horizontal alliances, deepening cross-industry strategic cooperations in other areas. On the other hand, we will strengthen our business layout along the 4 smart service platforms including video platform, game platform, education platform and living platform, providing users a comprehensive entertainment solution. We will fully capitalize on TCL Corporation’s resource advantages and implement ‘double +’ strategic transformation, gradually transforming into a global entertainment technology enterprise and bringing long-term value and returns to its shareholders.”

The Group’s sales volume of TVs by regions during the period under review is as follows:

1H 2014

1H 2013

Change

(000 sets)

(000 sets)

LCD TVs

7,557

7,715

(2.0%)

of which: LED backlights LCD TVs

7,558

7,328

+3.1%

Smart TVs 

1,412

1,138

+24.1%

3D TVs

837

1,335

(37.3%)

–        PRC Market

3,557

4,542

(21.7%)

–        Overseas Market

4,000

3,173

+26.1%

~ End ~

About TCL Multimedia

Headquartered in China, TCL Multimedia Technology Holdings Limited (HKSE stock code: 01070) is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products. Through a new product-and-user-oriented business model that focuses primarily on a “double +” strategy which includes “intelligence + internet” and “products + services” as the main direction, striving to become a global entertainment technology enterprise that provides integrated entertainment solution to customers. According to the latest DisplaySearch report, the Group ranked No.5 in the global LCD TV market with a market share of 5.4% in the first quarter of 2014. The Group ranked No.3 in the PRC LCD TV market with a market share of 16.0%.

For more information, please visit its website: http://multimedia.tcl.com

To see the full version of this release, including financial tables, click here: http://photos.prnasia.com/prnk/20140814/8521404591

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Frost & Sullivan: Remote Monitoring Infiltrates Process Industries, Provokes Automation Service Opportunities Globally

–Maintaining a global presence while ensuring local availability will help service providers unearth the market’s full potential

MOUNTAIN VIEW, Calif., Aug. 14, 2014 /PRNewswire/ — The implementation of greenfield projects in the oil and gas industry, expansion projects in the chemical industry, and integration projects in the hygienic industry are lending momentum to the global automation services market for process industries. Declining availability of a skilled workforce encourages outsourcing of operation and maintenance services to automation companies. Increasing competitive pressures further compel process industries to engage automation solution providers for operational improvement services in order to avoid costly downtimes, optimize production, improve energy efficiency, and mitigate risks.

Maintaining a global presence while ensuring local availability will help service providers unearth the market’s full potential.

Maintaining a global presence while ensuring local availability will help service providers unearth the market’s full potential.

Photo – http://photos.prnewswire.com/prnh/20140813/136054

New analysis from Frost & Sullivan, Global Automation Services Market for Process Industries, finds that the market earned revenues of $16.04 billion in 2013 and estimates this to reach $24.29 billion in 2020. Consulting services, project engineering, and installation services will have high growth opportunities in greenfield projects during the forecast period; whereas demand for maintenance, support and operational improvement services will emerge from brownfield projects.

For complimentary access to more information on this research, please visit: http://bit.ly/1kBZ6qW.

“The automation services market is primarily driven by engineering, procurement and construction (EPC) firms, tier I automation providers, and system integrators,” said Frost & Sullivan Industrial Automation and Process Control Senior Industry Analyst Naveen Kumar Ramasamy. “End users will accept automation solution providers, in particular, as reliable service partners in the long term as they seek more comprehensive single-window services.”

However, increasing bench strength and capabilities have allowed system integrators to become value-added resellers and move up the service value chain, garnering a greater share of automation services and affecting profitability for established solution providers. Further, demand for end-to-end life-cycle services from automation solution providers has taken a hit in price-sensitive emerging markets such as India, China, Brazil and Vietnam.

The escalating number of cyber threats is also curbing use of remote monitoring and diagnostics services in developed countries. Additionally, aging workforces in many matured markets will force adoption of remote services with cross-industry expertise. Ultimately, these services will enable process industries to focus on core competencies.

“To address opportunities in a specific end-user vertical in a specific region, global automation market participants must concentrate on building service-based organization capabilities in the short-term and consolidate the resources in the ecosystem during the medium-term,” observed Ramasamy. “They will reap the benefit of this sustained revenue stream during the long term of the forecast period, that is, in five to seven years.”

Automation vendors which offer “glocal” services – with a global presence and local availability – will find ready customers in the chemical, oil and gas, food and beverage sectors in North America; pharmaceuticals and power in Asia-Pacific; water and wastewater in Europe; pulp and paper in Latin America; and metals and mining in Africa and South America.

Global Automation Services Market for Process Industries is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: North American Terminal Automation Market, Global Programmable Logic Controllers Market, Automation and Control Solutions Market in CIS Countries, 2013 Global Automation Market Fact book and Global Automation and Control Systems (ACS) Market in the Upstream Oil and Gas (O&G) Industry. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Global Automation Services Market for Process Industries
ND08-10

Contact:
Ariel Brown
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003
E: ariel.brown@frost.com

Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan
LinkedIn: Industrial Automation & Process Control Forum

http://www.frost.com

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Frost & Sullivan: Healthcare Industry Participants Adopt IT Solutions Primarily to Improve Productivity

— Cloud computing is the most popular technology among healthcare players

LONDON, Aug. 13, 2014 /PRNewswire/ — The future of IT providers in the healthcare industry in the United States and Europe is promising, as 63 percent of large hospitals, 49 percent of small-to-medium sized hospitals, and 33 percent of ambulatory service centres claim to perceive value in using IT to meet business objectives. IT companies can especially raise awareness and boost uptake among smaller businesses by offering low-cost applications that have similar benefits as more expensive applications.

The new research from Frost & Sullivan, The Future of IT in the Healthcare Industry from an IT Decision Maker Perspective, summarises the findings of a survey of 153 decision-makers for IT-related purchases in the healthcare industry in the US and Europe.

“A boost in productivity is the top reason for IT investments in large hospitals, small-to-medium sized hospitals, and ambulatory service centres across the US and Europe,” said Frost & Sullivan Research Analyst Karolina Olszewska. “In addition, large hospitals tend to invest in IT solutions to improve collaboration and accelerate decision-making, while small hospitals use these solutions to attract and retain their workforce.”

Cloud computing is the most widely adopted technology; almost half the IT decision-makers in healthcare companies across the US and Europe have moved more than 50 percent of their enterprise communications to the cloud. This trend is expected to continue as security concerns regarding cloud computing technologies are on the decline.

Interestingly, even though unified communications clients and business-grade softphones have relatively low usage rates, these segments are expected to land the highest growth rates of all IT technologies surveyed. Web conferencing, however, will see a fall in adoption over the next three years.

“IT companies have to strategize to deal with new regulatory requirements that are driving up hospitals’ IT costs as well as clients’ need to manage expensive multi-vendor solutions,” stated Olszewska. “Right now, it looks like customer care solutions are yet another attitude towards IT and communications.”

For more information on this study, please email Edyta Grabowska, Corporate Communications, at edyta.grabowska@frost.com.

The Future of IT in the Healthcare Industry from an IT Decision Maker Perspective is part of the IT Services (http://www.ITservices.frost.com) Growth Partnership Service program. The study covers the current and future use of IT solutions in the healthcare industry, the factors driving IT investments in the healthcare industry, among other areas. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

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Register:         Gain access to visionary innovation

The Future of IT in the Healthcare Industry from an IT Decision Maker Perspective
M9D3-72

Contact:
Edyta Grabowska
Corporate Communications – Europe
P: +48 22 481 62 03
E: edyta.grabowska@frost.com

http://www.frost.com

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Biocompatible Protective Coatings Widen Application Scope in Medical Devices, Finds Frost & Sullivan

— Blended products that include therapeutic coatings of different materials are making waves in the industry

MOUNTAIN VIEW, Calif., Aug. 12, 2014 /PRNewswire/ — Innovations will surge in the protective coatings industry by 2020, giving rise to a range of improved biocompatible and durable coatings that enable implant devices for use in orthopedic, orthodontic and cardiac applications. The International Organization for Standardization (ISO) and American Society for Testing and Materials (ASTM) are creating new standards for upcoming industry trends in protective coatings, further encouraging patent developments.

Logo – http://photos.prnewswire.com/prnh/20140808/134852

New analysis from Frost & Sullivan, Innovations in Protective Coatings for Medical Devices, finds that increasing biocompatibility is a major driver for implant coatings. Successful implant coatings enhance biocompatibility and promote healing processes by minimizing tissue rejection and better anchoring implants to the targeted area.

For complimentary access to more information on this research, please visit: http://bit.ly/1sl6idw.

Passivation – accomplished by coating implant material with polymer layers – is an upcoming area of research in coatings for biomedical applications. Passivation techniques have been successfully used in development of coatings and biomaterials to manufacture the most biocompatible implants.

“This is particularly important in cases of load-bearing implants with need for mechanical strength,” said Technical Insights Research Analyst Sanchari Chatterjee. “Developing specialized coatings and techniques that prevent aggressive cell growth and aid the production of desirable endothelial cells rather than smooth muscle cells will also be crucial.”

However, protective coatings require sophisticated raw materials that incur high costs. For instance, low availability of titanium, coupled with demand from industries such as aerospace, industrial and recreation make it an expensive resource.

Developing novel coating materials has been a trend in the industry for the last two years.  For example, use of spider silk, which is hypoallergenic, biodegradable and usable as coating for implants or as a drug carrier in pharmaceutics, is being researched as a coating for silicone implants.

In the meantime, combination products such as therapeutic coatings of different materials are creating a stir in the industry. Coatings that use solutions as surface treatments too are gaining momentum. For instance, bone implant surfaces enriched with biomolecules can accelerate the bone healing process.

“Research institutes have joined forces with industry players to evaluate a wide variety of biomolecules such as growth factors, bioactive proteins, enzymes and non-viral genes,” added Technical Insights Research Analyst Vivek Ninkileri. “As is evident, stakeholder initiatives, especially collaboration among research institutes, academia and medical device manufacturers will play a major role in the advancement of protective coating technologies.”

Innovations in Protective Coatings for Medical Devices, a part of the Technical Insights (http://www.technicalinsights.frost.com) subscription, analyses key innovations in protective coatings for medical devices to distinguish the chief developments and challenges in the market. Opportunity strategy evaluation, technology roadmap, impact analysis, and R&D development strategies are also discussed. Further, this study includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Innovations in Protective Coatings for Medical Devices
D556-TI

Contact:
Ariel Brown
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003
E: ariel.brown@frost.com

http://www.frost.com
http://www.technicalinsights.frost.com

Photo – http://photos.prnasia.com/prnh/20140811/8521404517LOGO

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