Age Verification: A Growing Trend in the Tobacco industry
Finding reliable and user-friendly age verification methods for tobacco has always been difficult. But these emerging technologies are changing that. As an R&D head in the tobacco industry, you are no stranger to the challenges of strict age regulations and increasing pressure from the FDA to prevent underage use of tobacco products. The stakes are […]
How Companies & Startups are Innovating Advanced Li-ion Batteries?
In 2021, the global advanced lithium-ion batteries market was valued at $15.03 billion and is expected to increase and reach $112 billion by 2030. During the forecast period, the market will grow at an approximate CAGR of 25%. (Source) Global Advanced Lithium-Ion Batteries Market Size during 2021-2030 ($Billion) Looking at the figures, it is quite […]
How Smart Grid Companies are making Power Grids Intelligent?
As energy crises and prices sharply increase, we are witnessing some amazing innovation trends in the energy storage sector. One such trend we discuss in this post is “Smart Grid technology,” which allows electrical networks to operate more efficiently. The energy grid is where the crises mentioned above meet. Creating a smart grid is vital […]
Precision Medicine: A Growing Trend in Digital Healthcare
As every individual reacts to a treatment process differently, the one-size-fits-all approach isn’t always successful. Thanks to Precision medicine, doctors can now formulate strategies to treat their patients individually. Approvals by the FDA for precision medicine jumped to 40% percent in 2018, which was previously just 20% between 2013 and 2018. Therefore, confirming the legitimacy […]
Using patent analytics to make sure you stay ahead of the competition?
Whether your company operates in a perfectly competitive market where competition is at its apex, or you are a lone wolf who stands out in the industry – alleged monopoly, you know one thing for sure: you need some strategies up your sleeves to stay ahead of those “others”. You will be lost in the […]
Wearable Health Monitoring: Here’s what you should know
“Nearly 80% of people who do not use wearable health monitoring technology would like to use it for maintaining their fitness.” Business Insider From fitness tracking to wearable health monitoring, consumers are increasingly adopting digital healthcare solutions. As a result, the healthcare industry is also moving towards digitization. Monitoring patients using smart devices, such as […]
Thermal Energy Storage is about to change – Here’s why!
Over the years, there has been tremendous progress in the solar and wind energy sectors. Still, a power grid that relies on these volatile resources will struggle to match supply and demand consistently. Moreover, renewable energy has a high wastage rate because it is produced when not needed. This is where thermal energy storage systems […]
What to expect from the medical textiles industry in 2024?
Before the pandemic, the CAGR of patent filing in medical textiles was ~12.5%. Post-pandemic, it increased to 42.6%. The healthcare sector is advancing in many aspects, including smart devices, surgical robots, AR/VR consultation, etc. Medical textiles are one such aspect where we observed tremendous growth in innovation. As we uncovered these innovations, we saw many […]
Top Companies in Battery Energy Storage Systems
In 2021, the global battery energy storage systems market was valued at $4.04 billion and is expected to increase to $34.72 billion by 2030 with an approximate CAGR of 27%. Growing demand for power distribution energy storage systems due to continuous grid modernization and increased consumption of lithium-ion batteries in the renewable energy market is […]
Compostable Textiles in the Medical Industry
The COVID-19 pandemic resulted in a massive rise in the usage of medical personal protection equipment (PPE) worldwide. An exponential demand and the single-use nature of these products have led to the problem of littering. In addition, most of these products are made from plastics (such as polypropylene and polyethylene terephthalate) and have thus become […]
Antimicrobial Medical Textiles: Research has increased since COVID
Consumers have become more cautious since COVID knocked on our doors. Using hand sanitizers has become an ideal, surface disinfectant, a commodity. We also saw a similar trend in the textile industry – antimicrobial medical textiles. A survey conducted by Ascend Performance Materials found that 82% of people are likely to buy apparel with no-odor […]
The Growing Trend in Sensor-based Smart Medical Textiles
“What’s happening in your stomach?” an email popped up as I opened my laptop. Mr. Bertalan Mesko had got his hands on Gastric Alimetry, a flagship wearable gastric diagnostic device by Alimetry. ‘Smart medical textiles’, I thought to myself. The medical textile industry is growing exponentially. The increasing general awareness among consumers and the institutional […]
Pyramid Search: A Technique to find ideas from different domains to implement in yours
The pyramiding model of search underpins that people with broad interests in a particular area tend to know people with higher levels of knowledge than them. It resembles how a doctor knows which specialist to refer you to. As I came across this technique, I was curious to see if it would apply on an […]
How to Innovate by understanding Customer needs?
No matter which industry you belong to, whether its a B2B or a B2C firm, it is essential to understand your customers’ needs and improve their experience to thrive in this competitive world. As I was scrolling through my LinkedIn the other day, I stumbled upon a post by Deepak Syal, Director of GreyB. He’d […]
A Deeper dive into Long Duration Energy Storage Companies
As per the report by Global X ETF, to reach global net-zero power sector targets, Long-Duration Energy Storage Systems must be scaled up by an estimated 400 times from present-day levels to 85–140TWh by 2040. This scale-up equates to a $1.5–3.0 trillion investment opportunity. Source: Global X ETF Such a high investment opportunity results from […]
5 Sustainable Beverage Startups changing the world
The Drinks Industry Sustainability Index stated the beverage industry was ‘’considerably behind’’ with a score of 4.8 out of 10 in the strategies and practices followed by the beverage industry. Now, the sustainable beverage market is not as huge as others. However, its scope is wide, and not just for startups but also for prominent […]
