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NEW YORK, April 1, 2019 /PRNewswire/ — Cannabis has become one of the most controversial topics on many countries” political agendas. Cannabis is still internationally illegal under regulatory statutes, but clinical trials and research have led countries to explore opportunities within the medical cannabis market. However, the recreational market is still widely being heavily enforced. Nonetheless, certain regions have moved to decriminalize, or even fully legalize, recreational cannabis use. Unlike marijuana, hemp”s main component is CBD. While THC provides psychoactive effects to consumers, CBD does not induce psychoactive effects, but provide a therapeutic and relaxing effect akin to that of THC. Furthermore, because CBD does not provide any psychoactive effects, many countries have allowed personal use of the CBD as long as it contains less than 0.3% THC. According to data compiled by Hemp Business Journal, a division of New Frontier Data, the total sales for the U.S. hemp industry totaled USD 820 Million and is expected to grow to reach USD 1.9 Billion by 2022. Additionally, the market is projected to grow at a CAGR of 14.4% throughout the forecast period from 2018 to 2022. Overall, the industry is expected to be driven by increasing sales in the hemp-derived CBD and industrial application segments. Chineseinvestors.com Inc. (OTC: CIIX), Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), Aphria Inc. (NYSE: APHA) (TSX: APHA)

In 2017, the hemp-derived CBD product segment delivered USD 190 Million in sales, accounting for 23% of the overall market. The hemp food segment, which delivered USD 137 Million in sales, accounted for 17% of the hemp market that same year. By 2022, the food segment is expected to reach USD 212 Million as the segment is seeing major investments, primarily by large beverage corporations looking to enter into the cannabis-infused beverage industry. Many are looking to use cannabidiol, or CBD, to create therapeutic non-alcoholic drinks for consumers. However, CBD still remains popular among consumers in forms of capsules, oils, and flower itself. While the beverage industry is growing rapidly, other forms of CBD-based products are also seeing large growth. ‘The fact that a consumer-cannabis product has captured the attention of so many folks—from customers on the street to executives in the boardroom—reveals something far more lasting than whatever may come from this beverage product, even if it never launches,’ said Ben Curren, Chief Executive Officer and Founder of Green Bits. ‘What it reveals is that now, you and I and millions of people can picture this: the substance that once was considered the nation”s most deadly, the very banner of America”s war on drugs, might someday soon be ‘Brought to You By Coke,’ and not just as a social lubricant but as a sports recovery product applicable to an even wider audience.’

Chineseinvestors.com Inc. (OTCQB: CIIX) just announced breaking CBD news this morning that, ‘that its wholly owned foreign enterprise , CBD Biotechnology Co. Ltd. (‘CBD Biotech’), will participate in the 29th Vietnam International Trade Fair (Vietnam Expo) at the Hanoi International Exhibition Center (ICE) being held on April 10-13, 2019 in Hanoi.

As a featured exhibitor at the Vietnam Expo, CBD Biotech will introduce the new concept of ‘hemp plant extracting’ and cosmetics.  CBD Biotech will exhibit its self-branded hemp-infused skincare line as well as its hemp wine.  CBD Biotech is one of the first companies to offer skincare products infused with hemp oil and hemp leaf extract in China. Focused on building new markets for industrial hemp products in throughout Asia, this expo will allow CBD Biotech to  explore possible partnership opportunities for the Vietnamese market.

‘The Vietnam Expo continues to be an important business destination to build bridges for trade promotion, foreign relations, facilitating commerce and attracting trade between Vietnamese and foreign enterprises,’ said Ms. Summer Yun, CEO of CBD Biotechnology Co. Ltd. ‘A pioneer in the Chinese market for hemp-infused skincare products and a Chinese originator of ‘hemp plant extracting’ in combination with skincare, CBD Biotech”s participation in this year”s Vietnam Expo will give our brand the exposure needed to become an influencer within the Asian market. We anticipate creating lucrative export opportunities and exploring possible expansion to more Southeast Asian countries and members of ASEAN.’

The Vietnam Expo, one of Vietnam”s largest, most influential international exhibitions,

is hosted by the Ministry of Industry and Trade of Vietnam. This year the event  will showcase 760 companies with over 1,000 international booths, with 35% of the companies being foreign and 65% Vietnam-based. The event provides foreign exhibitors the opportunity to educate Vietnamese business professionals regarding global trends and provides attendees the opportunity to purchase new products and learn about new technologies and investment opportunities.

CBD Biotech”s current line of skincare products features the Popular Series which includes hemp peptide concentrate liquid, aqua bio-magnetic mask and hemp hyaluronic acid, the Live Oxygen Series which includes oxygen cleansing foam, oxygenated water and live oxygen cream, the Plant Series which includes Huanyan tone-up cream, aqua double moisturizer and peptide mineral essence, and the New Products Series which includes hemp eye pads, horse oil soap and hemp eye cream.

About ChineseInvestors.com – Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products. For more information, visit ChineseInvestors.com.’

Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients and consumers in twelve countries spanning five continents. Tilray, Inc. recently announced that it had entered into a definitive agreement, pursuant to which Tilray will acquire all of the issued and outstanding securities of FHF Holdings Ltd. from Compass Group Diversified Holdings, LLC (NYSE:CODI) and other shareholders of Manitoba Harvest. Under the terms of the Agreement, Tilray will acquire Manitoba Harvest on a cash and debt-free basis, for an aggregate purchase price, including cash and class 2 Common Stock in the capital of Tilray, of up to CAD 19 Million pending the achievement of certain milestones after the closing of the Transaction. Together, Tilray and Manitoba Harvest plan to grow both companies” revenue while bringing nutritious hemp foods and supplements to more households across the U.S. and Canada. The acquisition will expand Tilray”s product portfolio into the natural foods category and bring Manitoba Harvest expertise in working with cannabinoids, including cannabidiol (CBD). By leveraging Manitoba Harvest”s established distribution network, Tilray plans to accelerate its expansion into the U.S. and Canadian markets, where legal, for CBD products. Manitoba Harvest also brings to Tilray an experienced team and manufacturing capabilities, including the addition of two high quality BRC AA+ certified manufacturing facilities as well as significant sales and distribution capabilities. ‘Tilray”s acquisition of Manitoba Harvest is a milestone for the cannabis industry. It builds on the strategic partnerships we have formed with consumer brand industry leaders and demonstrates our track record of disrupting the global pharmaceutical, alcohol, CPG, and functional food and beverage categories,’ said Brendan Kennedy, Tilray President and Chief Executive Officer. ‘We”re excited to work with Manitoba Harvest to develop and distribute a diverse portfolio of branded hemp-derived CBD food and wellness products in the U.S. and Canada.’

Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. Canopy Growth Corporation and Sequential Brands Group, Inc. (NASDAQ: SQBG) recently announced that Martha Stewart had joined the Company in an advisory role to assist with developing and positioning a broad new line of product offerings across multiple categories. With decades of success in publishing, broadcasting, online and merchandising, Martha Stewart has firmly cemented herself as one of the most well-respected businesswomen in the United States. Along with a deep understanding of what consumers in the United States and around the world want, Martha has been one of the most vocal advocates for animals, championing the health and wellness of pets and farm animals alike. With several clinical trials underway, Canopy Growth will be leaning on Martha”s vast knowledge of consumer products while exploring the effectiveness of CBD and other cannabinoids as they relate to improving the lives of both humans and animals. As previously reported in January 2019, Canopy Growth has developed diverse product offerings specific to hemp-derived CBD and the Company looks forward to working closely with Martha Stewart as they further develop and introduce these products to market in the future. Canopy Growth previously reported that it will invest between USD 100 Million and USD 150 Million in a hemp industrial park in New York State with an intended purpose of being the Company”s first hemp facility in the United States. ‘As soon as you hear the name Martha, you know exactly who we”re talking about,’ shared Canopy Growth Chairman and co-Chief Executive Officer , Bruce Linton. ‘Martha is one of a kind and I am so excited to be able to work alongside this icon to sharpen our CBD product offerings across categories from human to animal.’

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) is a globally diversified and vertically integrated cannabis company with a presence across four continents. Recently, Cronos Group Inc. and Ginkgo Bioworks Inc., the organism company, announced a landmark partnership to produce cultured cannabinoids. Using its platform technology for organism design and development, Ginkgo will complement Cronos Group”s technologies for producing a full spectrum of cannabinoids. As part of this unprecedented deal, Cronos Group has agreed to issue a specific number of common shares in tranches subject to Ginkgo”s achievement of certain production milestones. As two of the leading companies in their respective industries, Cronos Group and Ginkgo believe that they are best-suited to unlock the potential of innovation in the cannabis industry. Cronos Group brings a deep understanding of the plant”s biological structure and function, while Ginkgo brings 10 years of experience designing microorganisms for the production of cultured products across pharmaceuticals, agriculture, flavors, fragrances, and more. ‘Cronos Group is building the world”s most innovative cannabinoid platform,’ said Mike Gorenstein, Chief Executive Officer of Cronos Group. ‘The potential uses of cannabinoids are vast, but the key to successfully bringing cannabinoid-based products to market is in creating reliable, consistent, and scalable production of a full spectrum of cannabinoids, not just THC and CBD. We are thrilled to partner with Ginkgo; their biological engineering capabilities and disruptive technology platform are unrivaled. Together we can revolutionize the cannabis industry.’

Aphria Inc. (NYSE: APHA) (TSX: APHA) is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Aphria Inc. and Rapid Dose Therapeutics Inc. (CSE: DOSE) recently announced that they have expanded the scope of their previously announced agreement expanding the territory where Aphria has been granted exclusive preferred rights to license, manufacture, distribute and sell RDT”s QuickStrip™ innovative, proprietary delivery technology for the cannabis market to Germany. RDT”s proprietary QuickStrip™ technology is a Quick, Convenient, Precise, Discreet™ oral fast-dissolving drug delivery system that offers a smoke-free choice to consumers. Aphria expects to produce and distribute CBD-only Quickstrips™ in Germany by Spring 2019. As part of the Agreement, Aphria maintains the option to add future international markets as the opportunity in those markets evolve. ‘Germany is one of the most sought-after cannabis markets today, and Aphria continues to take a comprehensive approach to ensure a leading presence in the country as the opportunity evolves,’ said Jakob Ripshtein, President of Aphria. ‘Aphria is committed to bringing advanced products and innovations to cannabis markets around the world, and this agreement with RDT will enable us to bring QuickStrip™ technology to the German market and offer a unique nutraceutical product that delivers a consistent dosage.’

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  • EQT invests in MHC Asia, a healthcare benefits administrator in Southeast Asia powered by a strong management team
  • MHC Asia aggregates health, wellness and lifestyle data to provide actionable insights that enable organizations to customize their health and wellness offerings with the aim to improve the quality of life of their employees and dependents and maintain an optimal balance between cost and quality of care  
  • EQT is partnering with the Founder and CEO, Dr Low Lee Yong and management to drive MHC”s next phase of growth

The EQT Mid Market Asia III Fund (‘EQT’) has today announced its investment in MHC Asia Holdings Pte. Ltd. (‘MHC’ or ‘the Company’). Founded in 1994, MHC is a leading healthcare benefits administrator in Southeast Asia, offering approximately 800,000 corporate patients access to panel of over 1,200 clinics and processing about 1.8 million medical claims annually.

Since its founding years, MHC has been striving to positively impact corporate managed healthcare in Singapore and surrounding regions. Equipped with strong artificial intelligence and analytical capabilities, MHC is able to identify trends early and intelligently optimize healthcare costs and quality of care. As such, MHC maximizes value creation for its business partners beyond the traditional third-party administration, medical claims processing and adjudication service.

Going forward, the strategy is to further develop MHC”s client portfolio and regional presence, invest further in technology and strengthen its position as the preferred corporate health benefits solution provider. The growth of the Company will also be supported by EQT”s Industrial Network and a board of directors with significant relevant experience and network.

Dr. Low Lee Yong, CEO of MHC Asia, said: ‘We were courted by different institutional investors, but we picked EQT to be our strategic investor and partner because we were very impressed by the EQT team. We share the same vision and passion about making a difference to transform and simplify healthcare with technology. What an exciting way to celebrate our 25th anniversary by having a trusted and friendly partner to support our growth and regional expansion!’

Eric Koh, COO of MHC Asia, said: ‘We want to delight our customers and give them insights that will enable them to make the optimal decisions. EQT gives us the ability to do more, do better and do smarter.’

Brian Chang, Partner at EQT Partners and Investment Advisor to the EQT Mid Market Asia III Fund, concluded: ‘EQT is impressed with MHC”s leading position and its innovative, technology-driven approach to go beyond the traditional role of a typical healthcare benefits administrator. EQT is fully committed to supporting MHC”s dynamic management team to continue delivering consistent growth through its various expansion strategies.’

Contact
Brian Chang, Partner at EQT Partners, Investment Advisor to the EQT Mid Market Asia III Fund, +65 6595 1830
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT

EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About MHC

MHC is a leading healthcare benefits administrator in Southeast Asia. Founded in 1994 and headquartered in Singapore, the Company serves several insurer and corporate clients and has approximately 800,000 corporate employees as members.

More info: www.mhcasia.com

This information was brought to you by Cision http://news.cision.com

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Press release EQT Mid Market Asia III MHC 190401

 

STOCKHOLM, April 1, 2019 /PRNewswire/ —

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The study examined past 30-day smoking abstinence rates three months after initial JUUL product purchase among a sample of 15,456 adult smokers aged 21+ years.  Abstinence was defined as zero puffs of a combustible cigarette in the past 30 days.  Results showed that 47.1 % of the 9,272 survey participants who completed the 3-month follow-up assessment had completely abstained from smoking for the prior 30 days.  Overall, 28.3% of all 15,456 participants who began the study abstained from smoking during the reporting period.

Importantly, the study also found that participants who had exclusively used non-tobacco flavors Mango, Cucumber, Fruit, Creme, Menthol, and Mint were 30% more likely to have abstained from smoking at three months compared to those who exclusively used tobacco flavors.  In addition to being the most commonly used flavors, smokers who primarily used Mint or Mango JUULpods in the 30 days prior to the 3-month assessment were 37% and 26% more likely, respectively, to have not smoked any cigarettes in the previous 30 days compared to primary users of Virginia Tobacco flavored JUULpods.

In total, the study identified eight variables that were significant in predicting the likelihood of past 30-day smoking abstinence after using JUUL products for three months, including frequency of JUUL use, smoking heaviness and duration, place of purchase, and purchase with intent to stop smoking completely.  Future analyses will include data from the same participants at 6 and 12-month follow-up assessments after initiating use of JUUL products.

‘The results of this study indicate that close to half of adult smokers who used a JUUL product for three months had abstained from smoking for the past 30 days, with even higher rates of abstinence observed among those who primarily used JUULpods in non-tobacco flavors,’ said Dr. Neil McKeganey, Director of the Centre for Substance Use Research (Glasgow, UK).  ‘Although additional follow-up research is needed, flavored JUULpods have been shown to have a significant impact in getting smokers to switch and ultimately abstain from cigarettes over a period of time.  We will continue to track this and other variables impacting smokers” likelihood of abstaining from cigarette use, including collecting additional survey data at both the 6 and 12-months mark after initiating JUUL use.’

‘Our mission is to improve the lives of the world”s one billion smokers by eliminating cigarettes and we are encouraged by these study findings that approximately half of smokers switch away from combustible cigarettes after three months of JUUL use,’ said Erik Augustson, Ph.D., MPH Senior Director of Behavioral Research at JUUL Labs. ‘We are committed to continuing to research the potential public health impact of our products and have over 100,000 participants enrolled in behavioral studies across the world, where we are collecting data on a range of topics, including factors that improve the likelihood of completely switching from combustible cigarettes and the role responsible flavors may play in that process.’

About the Study:

JUUL Labs commissioned and funded the Centre for Substance Use Research (CSUR) to independently design and administer the survey, and analyze and report the study results. Individuals were invited to participate in this study through email invitations to e-commerce customers and through inserts in JUUL starter kits distributed in retail stores across the U.S.  Eligible individuals were U.S. adults aged 21 years and older who had smoked at least 100 cigarettes in their lifetime, and had purchased their first JUUL starter kit from a U.S. retail store or through JUUL”s e-commerce store at www.juul.com within the past seven days.

About JUUL Labs, Inc.

JUUL Labs is committed to improving the lives of the world”s one billion adult smokers by eliminating cigarettes, the leading cause of preventable death in the world.  JUUL Labs” products are designed to help smokers switch.

JUUL Labs is equally committed to combating underage use of nicotine and tobacco products. The company launched a comprehensive action plan to address youth access, appeal, and use that includes restricting the sale of certain flavored JUULpods from traditional retail, enhancing our online age-verification, improving retailer compliance, eliminating use of Facebook and Instagram accounts and utilizing technology-based solutions to prevent youth use. We also actively support Tobacco 21 legislation to raise the minimum-purchasing age for all tobacco products, including vapor products, to 21. For more information on our mission and youth prevention initiatives, please visit https://newsroom.juul.com/.

Media Contacts
Press@juul.com

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SAN FRANCISCO, April 1, 2019 /PRNewswire/ — The Harm Reduction Journal recently published results of a behavioral study examining the role of JUUL use, JUULpod flavors, and other factors in predicting past 30-day abstinence from cigarette smoking among new users of JUUL products.

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LONDON, March 21, 2019 /PRNewswire/ — US lottery madness continues. Millions of Europeans, Australians and Latin Americans are ordering tickets for the $625 million US Powerball on Saturday.

TheLotter”s spokesman Adrian Cooremans: ‘US lotteries pull in a global crowd once jackpots reach this sort of level. And, yes, amounts at stake are astonishing. If there will be a winner this weekend, he or she will be wealthier than the average Hollywood star or top CEO – the sum”s probably high enough to buy a Premier League Football club outright. It really is the stuff dreams are made on.’

Cooremans continues: ‘In the past few months we have seen media exposure skyrocket. There have been items about theLotter from media outlets such as CNN, NBC, BBC Radio and Germany”s Bild newspaper. I think their interest springs from the trust our customers express to have in us. We actually physically purchase paper US lottery tickets rather than merely offering a betting service like some other companies. We operate according to the rules.’

‘US Powerball rules, for example, state that you do not have to be a citizen or a resident to play the game, but, in order to be able to collect any prize, the ticket must stay in the US. That”s why we keep customers” tickets inside a safe in a secure location in the States and send them a scan proving chain of custody. Winners are flown out to the US to claim their jackpot in person. Our past winners from Europe, Australia, Canada, Iraq and Latin America were all checked thoroughly by federal and state agencies and each time the conclusion was that theLotter and the individual winners acted in accordance with the rules of the lottery and the law.’ 

‘We already work together with US state legislatures and lottery commissions, but we”re intensifying the cooperation. In the coming months we”re set to launch an array of exclusive joint ventures with them – with their official stamp of approval for online play options. Both in East Coast states as well places on the West Coast, negotiations are in the final stages. Stay tuned!’

Contact: theLotter Media  
Tel: +44-20-3150-0476  
Email: media@thelotter.com

 

 

New lottery options in the pipeline

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Don”t miss out on business opportunities in Latin America Pharmaceutical Excipients Market

Growth in this market is driven by the growing pharmaceutical industry in Latin American countries such as Brazil, Mexico, and Argentina; increasing focus of MNCs on investing in the pharmaceutical and healthcare sectors in Latin America; growing pricing pressures; rapid growth in aging population & the subsequent increase in the prevalence of related diseases; and the availability of local and government funding for R&D activities. 

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By functionality, the filler & diluents segment accounted for the largest share of the Latin America Pharmaceutical Excipients Market

The Latin America Pharmaceutical Excipients Market, by functionality, is segmented into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifiers & solubilizers, and other functionalities. The fillers & diluents segment accounted for the largest market share in 2018. The increased use of fillers & diluents in the development and production of solid dosage form and the wide applications of diluents in the wet granulation and direct compression process for tablet formulation are driving the growth of the fillers & diluents segment.

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Mexico to dominate the Latin America Pharmaceutical Excipients Market during the forecast period

In 2018, Mexico dominated the Latin America Pharmaceutical Excipients Market, followed by Argentina. Over the past few years, Mexico has become an attractive destination for investment in the pharmaceutical industry due to its large pharmaceutical production and consumption capacity and the improved regulatory framework. Growing pharmaceutical production and consumption, increasing investments by MNCs, and improved regulatory framework are the major factors driving the growth of the pharmaceutical excipients market in Mexico.

Prominent players in the Latin America Pharmaceutical Excipients Market are DowDuPont (US), Roquette (France), Ashland (US), BASF (Germany), and Kerry Group (Ireland).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies” revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the ‘Growth Engagement Model – GEM’. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write ‘Attack, avoid and defend’ strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets”s flagship competitive intelligence and market research platform, ‘Knowledge Store’ connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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CHICAGO, March 12, 2019 /PRNewswire/ — According to the new market research report Latin America Pharmaceutical Excipients Market by Functionality (Fillers, Coating, Disintegrants, Binders, Lubricants, Preservatives, Emulsifying Agents, Lubricants, Glidants, Diluents), Country (Mexico, Argentina, Columbia, Peru) – Forecast to 2024′, published by MarketsandMarkets™, the Latin America Pharmaceutical Excipients Market is projected to reach USD 579 million by 2024 from USD 403 million in 2019, at a CAGR of 7.5%.

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VALLEY COTTAGE, New York, Feb. 21, 2019 /PRNewswire/ — Sales of smart pill boxes and bottles are likely to reach around 800 thousand in 2019. According to a new analytical research study by Future Market Insights (FMI), smart pill boxes and bottles market will remain a high growth-low volume landscape over the course of next few years. Over 43% of total sales will be accounted by smart pill boxes. The report envisages a higher rate of adoption for smart pill bottles.

Almost 70% of adult patients are observed to discontinue or manipulate drug therapy, resulting in non-adherence to prescribed medication. The study opines that this directly adds to the economic burden on healthcare delivery system in form of emergency cases and hospitalization.

Smart pill boxes and bottles are increasingly being perceived as a potential solution to such challenges posed by increased healthcare delivery costs. Significance of medication adherence continues to rise with increasing prevalence of chronic conditions, propelling demand for smart pill boxes and bottles.

Request a Sample Report with Table of Contents and Figureshttps://www.futuremarketinsights.com/reports/sample/rep-gb-1710

Dementia and geriatric care remain the key application areas of smart pill boxes and bottles, according to the report. More than 80% of sales is accounted by aging patients and dementia-afflicted population. Cancer management is likely to emerge lucrative in terms of applicability in coming years.

With surging demand for high-quality healthcare delivery, senior care centers, hospitals, long-term care centers, and homecare settings are accelerating adoption of medication dispensers, thereby elevating the revenue growth of smart pill boxes and bottles market. Some of the leading companies are actively involved in the development of advanced technology medication dispensing devices with zero error risks during medication.

Buy this report @ https://www.futuremarketinsights.com/checkout/1710

Home care settings maintain the highest consumption share in smart pill boxes and bottles market that roughly equates 65% of total sales. Almost a fifth of smart pill boxes and bottles sold are installed at seniors care and assisted living centers. FMI”s analysis indicates that long-term care centers are also creating promising market opportunities for smart pill boxes and bottles manufacturers and distributors.

North America continues to reign supreme owing to early adoption of advanced technology enabled smart pill boxes and bottles, accounting for more than a third of the global market revenue. European market for smart pill boxes and bottles also represents a substantial volume share, majorly driven by German patients. South and East Asian regions are briskly developing high-potential markets for manufacturers and distributors of smart pill boxes and bottles, says the report.

Preview Analysis of Smart Pill Boxes & Bottles Market is segmented by (Type – Smart Pill Box & Smart Pill Bottles; Indication – dementia, Parkinson”s disease, cancer management, diabetes care, geriatric care, disability & others; Distribution channel – seniors care & assisted living, long term care centers & home care;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028: https://www.futuremarketinsights.com/reports/smart-pill-boxes-bottles-market

The vendor landscape of smart pill boxes and bottles market remains fairly consolidated and competitive, as Tier 1 manufacturers continue to account for a majority of share in the market in terms of volume. While dominance of Koninklijke Philips N.V., PharmRight Corporation & Livi, and AdhereTech prevails in smart pill boxes and bottles market, the report finds that the competition among these players is characterized by product innovation, new launches, and technological advancements.

FMI has tracked market performance for a decade-old projection period – 2018-2028. For exclusive insights on the various other aspects of smart pill boxes and bottles market landscape, write to the analyst at press@futuremarketinsights.com

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with youhttps://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1710

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Over 6 in 10 Smart Pill Boxes & Bottles Sell in Home Care Settings, Dementia & Geriatric Care Spur Demand Growth

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The North America market would dominate the Global Second Generation Pens Market by Region in by 2024, growing at a CAGR of 9.7 % during the forecast period. The Europe market is expected to witness a CAGR of 10.2% during (2018 – 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.9% during (2018 – 2024). Asia Pacific would be the fastest growing market, which offers lucrative opportunities for the market growth, due to its substantial population base and growing diabetic patients. On the other hand, affordability of the Insulin pens also propels the market growth in the region.

The Hospitals & Clinics market dominated the Global Smart Insulin Pen Market by End User in 2017. The Ambulatory Surgical Centers market is expected to witness a CAGR of 10.6% during (2018 – 2024). The major factors that drive the growth of the market include growing diabetic population, lower cost of insulin pumps, and painless injections.

Access Full Report: https://www.kbvresearch.com/smart-insulin-pen-market/

The Prefilled market dominated the Global Smart Insulin Pen Market by Usability in 2017, and would achieve a market value of $64,759.4 Thousand by 2024. The Reusable market is expected to witness a CAGR of 10.7% during (2018 – 2024).

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Companion Medical Inc., Digital Medics Ptd Ltd., Eli Lilly and Company, Novo Nordisk A/S, Diamesco Co., Ltd., F. Hoffmann-La Roche AG, Insulet Corporation, Emperra GmbH E-Health Technologies, Jiangsu Delfu medical device Co. Ltd., Bigfoot Biomedical.

Global Smart Insulin Pen Market Segmentation

By Product 

  • Second Generation Pens
    o   USB Connected Smart Insulin Pen
    o   Bluetooth-Enabled Smart Insulin Pen
  • First Generation Pens

By Usability

  • Prefilled
  • Reusable

By End User

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Home care settings

 By Geography

  • North America
    o   US
    o   Canada
    o   Mexico
    o   Rest of North America 
  • Europe
    o   Germany
    o   UK
    o   France
    o   Russia
    o   Spain
    o   Italy
    o   Rest of Europe 
  • Asia Pacific
    o   China
    o   Japan
    o   India
    o   South Korea
    o   Singapore
    o   Malaysia
    o   Rest of Asia Pacific 
  • LAMEA
    o   Brazil
    o   Argentina
    o   UAE
    o   Saudi Arabia
    o   South Africa
    o   Nigeria
    o   Rest of LAMEA

Companies Profiled

  • Companion Medical Inc.
  • Digital Medics Ptd Ltd.
  • Eli Lilly and Company
  • Novo Nordisk A/S
  • Diamesco Co., Ltd.
  • F. Hoffmann-La Roche AG
  • Insulet Corporation
  • Emperra GmbH E-Health Technologies
  • Jiangsu Delfu medical device Co. Ltd.
  • Bigfoot Biomedical

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NEW DELHI, Feb. 21, 2019 /PRNewswire/ — According to a new report Global Smart Insulin Pen Market, published by KBV research, The Global Smart Insulin Pen Market size is expected to reach $117.3 Million by 2024, rising at a market growth of 10.2% CAGR during the forecast period. The demand is due to rapidly rising number of diabetic patients, and cost-effectiveness of the smart insulin pens. In addition, the simple functioning and accurate delivery of appropriate dosing adds to the demand.

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Artprice posts an auction ranking to help you apprehend the Art Markets leading trends. This week, Artprice takes a look at the 10 most expensive Surrealist artworks ever sold at auction… A ranking very clearly dominated by Miro. 

thierry Ehrmann: ‘The Catalan Surrealist artist Joan Miro, the subject of a major retrospective at the Grand Palais in Paris (ended February 4, 2019), is also very clearly the leading Surrealist artist on the auction market with seven out of the Top-10 results. The other three places are currently occupied by René Magritte and Salvador Dali.’ Awaiting the next Surrealist Auction next week in London (read further).

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The Top 10 of Surrealism by artprice.com  

1
Joan MIRO (1893-1983)
Hammer Price ($): 36,955,821
Artwork: Peinture (Etoile Bleue)
Sale: 19/jun/2012 Sotheby”s London

2
Joan MIRO (1893-1983)
Hammer Price ($): 31,461,029
Artwork: Femme et oiseaux
Sale: 21/jun/2017 Sotheby”s London

3
René MAGRITTE (1898-1967)
Hammer Price ($): 26,830,500
Artwork: Le principe du plaisir
Sale: 12/nov/2018 Sotheby”s New York

4
Joan MIRO (1893-1983)
Hammer Price ($): 26,590,650
Artwork: Painting Poem
Sale: 07/feb/2012 Christie”s London

5
Joan MIRO (1893-1983)
Hammer Price ($): 23,413,412
Artwork: Painting (Women, Moon, Birds)
Sale: 04/feb/2015 Christie”s London

6
Joan MIRO (1893-1983)
Hammer Price ($): 23,375,000
Artwork: Peinture
Sale: 13/nov/2017 Christie”s New York

7
Joan MIRO (1893-1983)
Hammer Price ($): 22,590,000
Artwork: Femme dans la nuit
Sale: 15/nov/2018 Phillips New York

8
Joan MIRO (1893-1983)
Hammer Price ($): 21,687,500
Artwork: Femme entendant de la musique
Sale: 15/may/2018 Christie”s New York

9
Salvador DALI (1904-1989)
Hammer Price ($): 21,673,806
Artwork: Portrait de Paul Eluard
Sale: 10/feb/2011 Sotheby”s London

10
René MAGRITTE (1898-1967)
Hammer Price ($): 20,562,500
Artwork: L”empire des lumières
Sale: 13/11/2017 Christie”s New York

Copyright © 2019 artprice.com 

As thierry Ehrmann recalls, André Breton (then a medical student), father of surrealism, declared: ‘Madness is the first material of Surrealism.’

Miro, the most sought-after Surrealist 

Miro is undoubtedly one of the leading artists on the Western Art Market, first because his unbridled imagination made him one of the most interesting artists of the Surrealist scene, ‘the most Surreal of us all’ according to André Breton, and secondly, because he was particularly prolific: among the approximately one thousand Miro works that change hands at auction each year, there are always a couple of treasures that deserve a place in the world”s top museums.

In concrete terms, Joan Miro is known to have produced at least 2,000 paintings, 5,000 drawings, 500 sculptures, a few hundred ceramics and a large quantity of prints which represent 91% of his lots sold at auction every year. The prices of his canvases are extremely variable, depending on the historical and artistic importance of the work. Among the 17 Miro paintings sold so far this year, some smaller works (roughly 30 cm) have fetched around $250,000 whereas others with similar dimensions have fetched well over a million dollars.

A good quality work by Miro will fetch a high price… but when quality combines with size… the prices rocket. His best works sell for over $20 million, a threshold crossed eight times so far with a notable acceleration in the last 12 months. Indeed four of those results above the $20 million line have been hammered in the last year for Peinture (1933), Femme dans la nuit (1945) and Femme entendant de la musique (1945), all three in this Top 10, as well as for Mural I / Mural II / Mural III  (1933) which fetched $20 million last May at Christie”s in New York.

His turnover total for the year 2018 is therefore outstanding (so far $107.6 million since January) placing him among the world”s most successful artists. In our provisional ranking for 2018 Miro currently occupies 13th place. Considered universal, his work has appealed to Western and Japanese collectors, but it has not yet penetrated the world”s largest marketplace… China.

Magritte, two new records in 12 months 

Magritte”s double appearance in this ranking is all the more remarkable because his two latest records were hammered in the past 12 months. The first in November 2017, for a painting from his emblematic series LEmpire des Lumières. It”s interesting to trace the series” price history: in 1996, a major canvas from this famous series reached $3.5 million in London. In 2002, another, dated 1952, fetched $12.6 million in New York. That was a new peak for a Surrealist artist at the time.

In 2017, that peak was almost doubled when The empire of lights (1949) sold for $20.5 million in New York. That record, coming just after two other new records during the same year 2017, marked the most successful year in the Belgian Surrealist”s auction history, with an annual turnover of $77.8 million. The strong demand was almost certainly fanned by ”cultural news”, particularly by the exhibition La trahison des images at the Pompidou Center in Paris and the Schirn Kunsthalle Frankfurt (2016-2017).

The effervescence has continued this year. In February, Magritte elicited the highest bid during London”s Surrealist sales (Christie”s and Sotheby”s) ahead of Miro, with a pioneering 1926 work Le groupe silencieux that fetched $10 million. Then, on 12 November, Sotheby”s set a superb new record for the artist at $26.8 million.

The most expensive Magritte ever sold, the work bears the poetic and enigmatic title Le principe du plaisir and is a portrait of Edward James, an English heir to an American railroad fortune turned eccentric poet and influential patron of Surrealist art who invited Magritte to reside and paint in his London residence for two years.

Le principe du plaisir exceeded its low estimate by more than $10 million. The painting was acquired by the seller 40 years earlier for just $74,000.

Surrealist love… 

The third Surrealist in this ranking is none other than the great Salvador Dali with a work whose price might seem excessive compared to its modest size: 33 x 25 centimeters. The Portrait of Paul Eluard is a small oil-on-cardboard whose price went from $2 million in 1989 (Christie”s New York) to $21 million in 2011 at Sotheby”s (against an estimate of just $5-8 million!).

The price of this work therefore multiplied by 10 in twenty years, setting Dali”s all-time auction… and it still stands. Painted at the same time as the Great Masturbateur, Portrait of Paul Eluard condenses the Dalinian iconography of the time, especially with the roaring lion”s head symbolizing desire.

It was 1929 when Dali painted this delirious portrait of the poet who came to visit him in Cadaquès with his wife at that time.. a certain Gala. Dali immediately fell in love with Gala, who become his principal inspiration. The work is not only the portrait of Paul Eluard, it also marks the beginning of the most famous couple in Surrealism. Faced with such a powerful love story, the bidding escaped from the limitations of the work”s format…

Surrealism 

Surrealism* is a cultural movement that began in the early 1920s, and is best known for its visual artworks and writings. Artists painted unnerving, illogical scenes with photographic precision, created strange creatures from everyday objects, and developed painting techniques that allowed the unconscious to express itself. Its aim was to ‘resolve the previously contradictory conditions of dream and reality into an absolute reality, a super-reality’.

Works of surrealism feature the element of surprise, unexpected juxtapositions and non sequitur; however, many surrealist artists and writers regard their work as an expression of the philosophical movement first and foremost, with the works being an artifact. Leader André Breton was explicit in his assertion that Surrealism was, above all, a revolutionary movement.

Surrealism developed out of the Dada activities during World War I and the most important center of the movement was Paris. From the 1920s onward, the movement spread around the globe, eventually affecting the visual arts, literature, film, and music of many countries and languages, as well as political thought and practice, philosophy, and social theory.
(*Source: wikipedia.org)

Upcoming auctions 

February 26, 2019: Surrealist Art Evening SaleSothebys London

https://www.artprice.com/sale/292467/surrealist+art+evening+sale

February 27, 2019: The Art Of The Surreal Evening SaleChristies London

https://www.artprice.com/sale/296145/the+art+of+the+surreal+evening+sale

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PARIS, February 20, 2019 /PRNewswire/ —

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FinancialBuzz.com News Commentary

Europe and the LATAM region are attractive regions for many companies to establish operations. Europe”s overall cannabis market is projected to reach USD 66.8 Billion within the next five years, while the LATAM region is expected to reach USD 12.7 Billion in sales by 2028, according to Prohibition Partners. The research notes that several European countries have passed medical marijuana legislation recently, and there is a 50% chance a few more could pass recreational laws. Meanwhile, the LATAM region is being targeted mainly for cultivation facilities due to its fertile lands and inexpensive costs associated with growing, as more countries view legalization with zest. ‘As more markets open, international trade begins and research and science take a front seat in the coming years,’ said John Billings, head of cultivation for The Farm Dispensary. ‘There”s no reason to think this trend will not continue. Growing plants/varietals with higher concentrate returns will help keep production costs down. You have old players (Israel, Jamaica, GW Pharmaceuticals and the U.S.) and new players (Canada and Mexico) coming into the scene with their own ideas and plans.’

Blueberries Medical Corp. (OTC: BBRRF) (CSE: BBM) earlier last week the company announced that it, ‘has entered into a letter of intent (the ‘Letter Agreement’) dated February 13, 2019 for a joint venture (the ‘Joint Venture’) with Harmony and Life S.A.S., operating as El Manantial medical centers (‘El Manantial‘).

The Joint Venture will further the development and commercialization of Blueberries” medicinal cannabis products through El Manantial”s rapidly growing patient base and collaboration with El Manantial”s team of physicians, pharmacists and technicians with deep expertise in a variety of medical areas. It will also provide a direct distribution channel to an established and rapidly growing patient by selling exclusively Blueberries” cannabis-derived products. The Company has also set out to build two BPE (Good Elaboration Practices) certified pharmacies in support of the initiative which will provide additional sales channels for Blueberries” products. Blueberries and El Manantial will also develop a treatment-focused medical education program designed to assist physicians in prescribing cannabis-based treatment plans to patients.

‘Our joint venture with El Manantial provides an outstanding opportunity for Blueberries to develop medical products and acquire patients in the Colombian market’, stated Christian Toro, Chief Executive Officer of the Company. ‘El Manantial is a respected leader in Colombia, and their focus on equitable access to medicine and patient care aligns with our goal of providing treatment to a broad spectrum of patients. The Joint Venture emphasizes communication with prescribing doctors and education of both doctors and patients which is expected to ensure that Blueberries is developing treatments that the medical community needs, and that a streamlined process is developed for the company to reach its patients.’

El Manantial is among the fastest growing networks of medical centers in Colombia, currently representing over 7,000 patients and expected to grow to over 50,000 patients over the next 36-month period as four new centers are projected to come online. This is an important development in Blueberries” strategy to acquire patients and develop treatments with cannabis products, positioning Blueberries as a leader in the Colombian medicinal cannabis product market.

‘This transaction will allow us the opportunity to work with the Blueberries team to develop new cannabis products and treatments, which can in turn be rolled out to our medical center network, offering patients the best possible care’, stated Dr. Andres Vidal, founder of El Manantial. ‘We plan for our prescribing physician education program to be an important step in supporting the widespread adoption of cannabis treatments in Colombia and globally.’ Dr. Vidal, who has control and direction over El Manantial, is also a director of Blueberries.

Pharmacy Build-Out: Blueberries will make a strategic investment of up to C$400,000 in the construction of specialized pharmacies that are BPE (Good Elaboration Practices) certified. In addition to the pharmacies owned and operated by El Manantrial, the Company-owned pharmacies will also sell cannabis and cannabis-derived products exclusively from Blueberries. Completion of the build-out of the Company”s pharmacies is expected to occur during Q3 2019.

Letter Agreement Terms: Collaborate on the research, development, and commercialization of Blueberries cannabis derived medicinal products.

Blueberries to be exclusive supplier of cannabis and cannabis-derived products to El Manantial for research and sale through their medical center network and pharmacies.

Blueberries will make a strategic investment of up to C$300,000 for the development of educational programs for the medical community to deliver to patients. The program will include certification for physicians obtained through comprehensive training, and it is expected to come online in Q2 2019.

Blueberries will invest up to C$100,000 for medical center facility upgrades to expand capacity in order to accommodate the rapidly growing patient base.

The proposed Joint Venture is subject to completion of satisfactory due diligence by each of the Company and El Manatial, and the execution of a definitive agreement.

About El Manantial: Founded in 2013 by Dr. Andres Vidal, El Manantial offers its patients the best of conventional medicine, and the best of alternative and complementary medicine, guaranteeing the best possible patient care. A diverse team of physicians and technicians of various specialties of conventional medicine, family medicine, nutrition, aesthetic medicine, homeopathic medicine, and natural medicine, bacteriologists, paramedics, pharmacists make El Manantial a leading center of medical expertise in Colombia. As one of the fastest growing medical center network in Colombia, the goal of El Manantial is to generate equitable access for all Colombians to medical treatment. The centers are actively engaged in the research and development of new and cutting-edge treatments to meet the needs of patients. For further information about El Manantial, please visit https://centromedicoelmanantial.co/.

About Blueberries Medical Corp: Blueberries is a Colombia-based licensed producer of naturally grown premium quality cannabis with its primary operations ideally located in the Bogotá savannah of central Colombia. Led by a specialized team with proprietary expertise in agriculture, genetics, extraction, medicine, pharmacology and marketing, Blueberries has received all licenses required for the cultivation, production, domestic distribution, and international export of CBD (cannabidiol) and THC (tetrahydrocannabinol)-based medical cannabis. Blueberries” combination of leading scientific expertise, agricultural advantages, and distribution arrangements has positioned the Company to become a leading international supplier of naturally grown, processed, and standardized medicinal-grade cannabis oil extracts and related products.’

Innovative Industrial Properties, Inc. (NYSE: IIPR) is focused on the regulated U.S. cannabis industry.  Earlier this month the company announced that it closed on the acquisition of a property in Sacramento, California, which comprises approximately 43,000 square feet of industrial space. This acquisition marks IIP”s first investment in California and expands its portfolio to ten U.S. states. The purchase price for the Sacramento property was approximately $6.7 million (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement with an experienced operator, which intends to operate the property as a licensed cannabis cultivation facility in accordance with California regulations. The seller of the property is expected to complete redevelopment of the building, for which IIP has agreed to provide reimbursement of up to $4.8 million. Assuming full reimbursement for the redevelopment, IIP”s total investment in the property will be approximately $11.5 million.

Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids currently serving tens of thousands of patients in twelve countries spanning five continents. Tilray, Inc. recently announced that after completing an acquisition of its existing import and distribution partner Alef Biotechnology SpA, the company has officially relaunched as Tilray Latin America SpA, a wholly-owned subsidiary of Tilray. Tilray Latin America will further strengthen Tilray”s position as a global leader in the medical cannabis market. Tilray currently has medical cannabis products available in twelve countries and operates globally through its wholly-owned subsidiaries in Australia & New Zealand, Canada, Germany, and Portugal. Tilray Latin America will import, produce and distribute Tilray branded medical cannabis products in Chile and create a hub to distribute Tilray products throughout Latin America, subject to local laws. Tilray previously announced a partnership with Alef Biotechnology in February 2017 to import and distribute Tilray products in Chile and Brazil. Alef, now Tilray Latin America, is currently licensed by the Chilean government to commercially produce medical cannabis and is planning a state-of-the-art facility to domestically produce and process medical cannabis products. Chilean law permits patients to access medical cannabis products under the supervision of a recommending physician.

Village Farms International, Inc. (OTCQX: VFFIF) (TSX: VFF) is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse produce company in Canada. Village Farms International, Inc. recently announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp. has entered into a credit agreement with Bank of Montreal (‘BMO’), as agent and lead lender and Farm Credit Canada as lender in respect of a CAD 20 Million secured non-revolving term loan. Pure Sunfarms intends to use the funds available under the Credit Facility to finance the final costs of converting its 1.1 million sq. ft. greenhouse for cannabis production, the vast majority of which was completed in January of this year. The funds available under the Credit Facility may also be used for general corporate purposes. ‘The ability to establish this Credit Facility with Bank of Montreal, a Canadian Schedule I bank, and Farm Credit Canada, the country”s leading agriculture lender, is a testament to the strength and potential of Pure Sunfarms,’ said Michael DeGiglio, Chief Executive Officer, Village Farms International. ‘Village Farms has long-standing relationships with both BMO and FCC, each of which, based on our extensive histories, recognizes and values our three decades of large-scale greenhouse production experience and deep expertise throughout the supply chain. We are pleased to now extend these relationships to Pure Sunfarms as it rapidly approaches full production at one of the single largest cannabis facilities in the world and begins to generate positive cash flow from operations as expected in the first quarter of 2019.’

iAnthus Capital Holdings, Inc. (OTCQX: ITHUF) (CSE: IAN) owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. iAnthus Capital Holdings, Inc. recently announced that it has opened its first and flagship dispensary in New York on December 30, 2018. The dispensary, located at 202 Flatbush Avenue directly across from Barclays Center and Atlantic Terminal, is the first in Brooklyn, New York”s largest borough, with a population of roughly 2.6 million people. The dispensary will operate under iAnthus” ‘Citiva’ New York dispensary brand. ‘The opening of our Brooklyn dispensary is a major milestone for iAnthus and Citiva. With an ideal location and an expert team in place, we expect this dispensary to be a major asset to the community and the Company,’ said Hadley Ford, Chief Executive Officer of iAnthus. ‘We are incredibly proud to be the first to open a dispensary in Brooklyn, which serves as a testament to iAnthus” track record of innovation and industry firsts.’

PharmaCielo Ltd. (OTC: PHCEF) (TSX-V: PCLO)  is a global company privately held and headquartered in Canada, with a focus on processing and supplying all natural, medicinal-grade cannabis oil extracts and related products to large channel distributors. PharmaCielo Ltd., the Canadian parent of Colombia”s premier cultivator and producer of medicinal-grade cannabis oil PharmaCielo Colombia Holdings S.A.S., recently announced that it has received a 500-year-old ancestral cannabis strain for its exclusive use from the Arhuaco indigenous people. The Company received the Seeds as part of a traditional ceremony at the site of its nursery and propagation centre in Rionegro, Antioquia. The Seeds will be cultivated by PharmaCielo in the Arhuaco”s ancestral territory of the Sierra Nevada mountains. ‘Our team is grateful to the Arhuaco for their friendship and the trust they have placed in PharmaCielo to carry a strain of great cultural importance to the wider population of Colombia and other global markets,’ said Anthony Wile, Co-Founder and Chief Executive Officer of PharmaCielo Colombia’One of our primary objectives as a corporate leader in Colombia is to bring opportunity to historically exploited indigenous communities through the quality production of strains that have been in community use for hundreds of years. With a combination of pharmaceutical-grade cultivation and production standards, vastly scalable, low-cost production capacity and access to unique strains like that provided by the Arhuaco, PharmaCielo is positioned to be a global leader in the production and sale of medicinal-grade cannabis.’

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NEW YORK, Feb. 19, 2019 /PRNewswire/ — The expansion of the cannabis industry has led companies involved in the marketplace to expand internationally as larger players are extending their operations into other regions such as Europe and Latin America. Cannabis is enjoying a global perspective shift on legalization, however, the industry is still heavily hindered by certain regulations. Nonetheless, many countries are exploring opportunities within the market for medical applications. Despite its continued global expansion, the U.S. continues to dominate the cannabis marketplace. According to Verified Market Intelligence, the global marijuana market was valued at USD 42.20 Billion in 2017 and is expected to reach USD 466.81 Billion by 2025. Additionally, the market is projected to register a CAGR of 35.3% throughout the forecast period from 2018 to 2025. The market is primarily being accelerated by the growing adoption of medical cannabis for the treatment of chronic diseases. However, as more U.S. states begin to legalize recreational cannabis, projections show that recreational sales could overtake medical sales in the near future. Blueberries Medical Corp. (OTC: BBRRF) (CSE: BBM), Innovative Industrial Properties, Inc. (NYSE: IIPR), Tilray, Inc. (NASDAQ: TLRY), Village Farms International, Inc. (OTC: VFFIF) (TSX: VFF), iAnthus Capital Holdings, Inc. (OTC: ITHUF) (CSE: IAN).

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Don”t miss out on business opportunities in Near Infrared Imaging Market

The growth of this market is primarily driven by the increasing number of surgical procedures globally and the advantages of NIR imaging over conventional visualization methods.

Devices segment to account for the largest share of the market in 2018

Based on product, the market is segmented into devices and reagents. In 2018, the devices segment is expected to account for a larger share of the Near Infrared Imaging Market. The rising number of surgical procedures performed due to the increasing prevalence of cancer, cardiovascular diseases, neurovascular diseases, and gastrointestinal diseases is the major factor driving the demand for near infrared imaging devices.

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Cancer surgeries segment to grow at the highest CAGR during the forecast period

Based on application, the Near Infrared Imaging Market is segmented into cancer surgeries, plastic/reconstructive surgeries, gastrointestinal surgeries, cardiovascular surgeries, preclinical imaging, and other applications. The cancer surgeries segment is expected to grow at the highest CAGR during the forecast period owing to the significant growth in the prevalence of cancer across the globe.

North America to dominate the Near Infrared Imaging Market in 2018

In 2018, North America is expected to be the largest regional market for near infrared imaging. This can primarily be attributed to the high healthcare spending, rising geriatric population, increasing prevalence of target diseases, rising number of cosmetic surgeries, and the rapid adoption of technologically advanced imaging systems in the region.

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The key players operating in the Near Infrared Imaging Market are Stryker (US), KARL STORZ SE & Co. KG (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (Germany), Olympus (Japan), Fluoptics (France), Hamamatsu Photonics K.K (Japan), Quest Medical Imaging B.V. (Netherlands), Mizuho Medical Co, Ltd. (Japan), Shimadzu Corporation (Japan), Visionsense (Israel), PerkinElmer, Inc. (US), LI-COR, Inc. (US), and SurgVision (Netherlands).

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CHICAGO, Feb. 15, 2019 /PRNewswire/ — According to the new market research report Near Infrared Imaging Market by Product Type (NIR Fluorescence Imaging, Reagents), Application (Cancer surgery, Plastic surgery, Gastrointestinal surgery) End Users (Hospitals & Clinics, Research laboratory, Pharmaceutical companies) – Global Forecast to 2023′, published by MarketsandMarkets™, the Near Infrared Imaging Market is projected to reach USD 822 million by 2023 from an estimated USD 416 million in 2018, at a CAGR of 14.6% during the forecast period of 2018 to 2023.

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