Month: December 2021

Blood Bag Manufacturing in the United States

In the United States, every two seconds someone requires blood either for routine medical procedures or emergency situations. For patients suffering from acute and chronic medical conditions, blood transfusion is an indispensable component of healthcare capable of improving their life expectancy and overall quality of life. Approx. 29000 units of red blood cells, 5000 units of platelets, and 6500 units of plasma are

Union Cabinet Outlays USD10 Billion to Boost Semiconductor Manufacturing in India

The global shortage of semiconductor chips has created immense distress as companies worldwide face challenges to meet the growing consumer demands for electronic goods and automobiles, and India is not immune to the global semiconductor crunch. Semiconductors are the ‘building block’ of billions of modern computing products, including smartphones, household appliances, life-saving pharmaceutical devices, data

Manufacturing of Cell Therapies in the United States

The growing geriatric population and increasing prevalence of degenerative and chronic diseases have created a need for modern healthcare solutions that limit organ dysfunction and tissue degeneration. Regenerative medicine therapies focused on rejuvenation, regeneration, and replacement are changing how we think about medicine. Advances in cell therapies continue to be at the forefront of healthcare innovation, transforming

3D Printing Aiding the Electric Vehicles Industry

Modern mobility solutions are redefining the auto industry and making rapid innovation essential to create unique experiences that customers are demanding. The ever-growing emphasis on reducing emissions and ban on new gas-powered cars entering the marketplace are pushing OEMs to rapidly adopt innovative technologies for more affordable EV-centric portfolios. As per Edison Electric Institute’s recent predictions, EV

Can PLI Scheme Revive the Indian Economy?

The unprecedented global economic crisis brought upon by the COVID-19 pandemic made the world realize that globalization is essential but being self-reliant is also important. Championing the call for “Made in India, Made for the world”, the government is taking steps in the right direction to create a self-sufficient nation. Addressing the insufficiencies and challenges

How to Manufacture Semiconductor Chips?

The increasing adoption of digitization coupled with enhanced connectivity is rapidly accelerating the demand for modern electronics. The global consumer electronics market size was valued at over USD1 trillion and is anticipated to grow at a CAGR of 8% from 2021 to 2027 with increasing internet penetration. All modern electronics require semiconductors that sit in the heart of integrated

Possible Blanket Ban on Cryptocurrency?

Rich rewards often entail great risks, and the same stands true for the highly volatile cryptocurrency market. The economic uncertainties in 2020 led to a heightened interest of masses and large institutional investors in a new-age asset class like cryptocurrency. Ever since the country’s Supreme Court overturned a previous ban on cryptocurrencies in March 2020,

NFC Payments through Smartphone to Replace your Credit Cards

For years, credit cards and debit cards have remained the most popular way of conducting transactions. In 2020, cash, debit card, and credit card payments accounted for approximately 19%, 28%, and 27% of the total number of transactions made by the US consumers, according to the 2021 findings from the Diary of Consumer Payment Choice. However, with the advancements in technology

US Electric Vehicle Penetration to Cross 9% by 2025

Fluctuating oil prices and growing environmental concerns are pushing consumers toward alternatives to internal combustion engine (ICE) vehicles, accelerating the adoption of electric vehicles. According to the International Energy Agency’s Global EV Data Explorer, nearly 1.8 million EVs were registered in the US in 2020, representing 11.5% of the global EV sales. The annual electric vehicle sales in the US