• About Us
  • Contact Us
  • Submit News Release
Thursday, March 30, 2023
No Result
View All Result
submit news
Oman News Club
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
No Result
View All Result
Oman News Club
Submit PR
Home PRESS RELEASES

High Density Interconnect (HDI) Rigid-Flex PCBs Boast of Significant Opportunity Within Healthcare & Medical Devices Market

by Newsroom Editor
February 22, 2023
Share on FacebookShare on Twitter


(EMAILWIRE.COM, February 22, 2023 ) The healthcare & medical device industry requires lightweight and compact devices. Therefore, it often opts for high-density interconnect (HDI) printed circuit boards (PCBs) to accommodate the internal circuitry for many small medical devices. The PCB technology packs many connections in a minute area, allowing for a compact board. Healthcare and medical professionals often incline toward flex or rigid-flex PCBs for critical medical devices, as these usually do not conform to typical PCB specifications. Also, they aim to work with robust, highly efficient, and damage-resistant products.

Modern-day electronic products used in the healthcare and medical fields are often used for life-saving procedures and functions; hence, a PCB failure could lead to a critical health risk. Hence, the healthcare industry demands high-quality PCB fabrication and PCB assembly (PCBA) to produce exceptionally reliable and long-lasting components. Also, device interconnectivity via the internet is vital for improving medical systems and transferring essential data. Hence, designing PCBAs for IoT is the trend in electronics medical device manufacturing. According to market research firm MarketsandMarkets, the Global IoT Medical Devices Market is expected to account for USD 94.2 million by 2026, growing at a compounded annual growth rate (CAGR) of 28.9% between 2021–2026.

The rising demand for self-monitoring health vitals for wellness, exercise, or medical conditions has led to non-standard PCB form factor designs. As per a market research study conducted by MarketsandMarkets, the Global Wearable Technology Market was valued at USD 116.2 billion in 2021 and is analyzed to grow at a CAGR of 18.0% between 2021–2026. Hence, by initiating agile processes, PCB manufacturers can incorporate design changes iteratively with minimal production disruptions.

Also, Industry 4.0 (industrial production revolution) emphasizes software and communications to improve manufacturing efficiency and speed. This can be achieved by optimizing design for manufacturing (DFM) and design for assembly (DFA) utilizations. Market research firm, MarketsandMarkets, predicts the Global Industry 4.0 Market to expand at a CAGR of 20.6% between 2021–2026 and estimates the market to be valued at USD 165.5 billion by 2026.

Lastly, the manufacturers are also trying to reduce costs and increase margins to gain substantial market share and sustain in a highly competitive and fragmented market. They are resorting to employing digital twin technology to prevent waste and mitigate development costs. For PCB manufacturing, this technology identifies potential errors before the first board is spun. According to market research firm MarketsandMarkets, the Global Digital Twin Market is expected to account for USD 73.5 million by 2027, growing at a brisk CAGR of 60.6% between 2022–2027.

News Also Covered: https://www.prnewswire.com/news-releases/digital-twin-market-worth-73-5-billion-by-2027–exclusive-report-by-marketsandmarkets-301579538.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

Globitel’s SpeechLog Retail solution adopted by one of Kuwait’s largest telecom operators in record-fast roll-out

Next Post

ABC and POPSUGAR Celebrate New Series with Private VIP Screening!

Next Post
ABC and POPSUGAR Celebrate New Series with Private VIP Screening!

ABC and POPSUGAR Celebrate New Series with Private VIP Screening!

No Result
View All Result

Categories

  • BUSINESS (24)
  • ENERGY (36)
  • FINANCE (36)
  • HEALTHCARE (36)
  • LIFESTYLE (36)
  • MIDDLE EAST (85)
  • PRESS RELEASES (693)
  • REAL ESTATE (36)
  • TECH (21)
  • TRAVEL (20)

Recent.

Salalah Rotana Resort: The jewel of Hawana Salalah – Times of Oman

March 27, 2023
Power Grid Market worth $367.4 Billion by 2028

Power Grid Market worth $367.4 Billion by 2028

March 27, 2023
Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

March 27, 2023

Subscribe to our Newsletter

    Share Us

    Categories

    Categories
    • BUSINESS
    • ENERGY
    • FINANCE
    • HEALTHCARE
    • LIFESTYLE
    • MIDDLE EAST
    • PRESS RELEASES
    • REAL ESTATE
    • TECH
    • TRAVEL

    Recent News

    Recent Posts
    • Salalah Rotana Resort: The jewel of Hawana Salalah – Times of Oman
    • Power Grid Market worth $367.4 Billion by 2028
    • Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period
    • Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

    About Us

    OmanNews.Club™ reports, publishes and aggregates business, Tech and lifestyle news on Oman the Middle East and the North Africa (MENA). 

    We provide press release distribution to media outlets in Oman, Arab countries and the (MENA) regions. Submit a press release or contact us today.

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    About Us / Contact Us / Submit News Release

    No Result
    View All Result
    • About Us
    • Cart
    • Checkout
    • Contact Us
    • Home
    • My account
    • Shop
    • Submit News Release
    • Test page

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC