In 2015, medical beds product segment accounted for a lion's share in the global patient handling equipment market. The hospital end user segment accounted for the largest market share compared to other end user segments in 2015. This end user segment is expected to maintain its dominance in the market; however, other end users such as rehabilitation centers, trauma centers are expected to witness the highest growth during the forecast period from 2016 to 2024. The global patient handling equipment market was analyzed across four geographies: North America, Europe, Asia Pacific, and Rest of the World. For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6577 The key market players in this market have launched new products with technologically advanced and ergonomical design features in this market. In May 2015, Getinge Group introduced new Citadel Patient Care System, which is a medical bed with therapeutic mattresses for provision of improved care and support while handling high dependency patients. Technological advancements such as introduction of automated patient lifting and transfer techniques also act as a potential driver of the patient handling equipment market. These innovative products would sharply reduce the average time and number of caregivers that are deployed per patient in a health care setting. Therefore, advancements in assistive technology and improved product design coupled with government subventions are expected to contribute to market growth in the near future. Geographically, Europe was the largest market for patient handling equipment in terms of revenue in 2015. The patient handling equipment market in Asia Pacific is anticipated to expand at the fastest growth rate during the forecast period from 2016 to 2024.
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Once the Indigo cable system is complete, Superloop will have access to 4.5Tbps-capacity fibre, which it will be able to increase over time. Following the announcement of Indigo construction, Superloop also announced that it would be acquiring SubPartners for $2.5 million via the issue of 1,451,869 fully paid ordinary shares in Superloop at an issue price of $2.255 per share. According to Superloop, the acquisition will provide it with important APAC submarine cable capacity and assets across the region, including Indigo. As part of the acquisition, Superloop has guaranteed SubPartners' construction capital, operating, and maintenance commitments in relation to the Indigo subsea cable, which involves a total capex of around $35 million to $37 million out to FY20. "SubPartners is also responsible for the procurement, LOLER provision, operation, and maintenance of the shore end infrastructure for Indigo Central in Sydney, and will receive fees of approximately $5.3 million from the Indigo consortium over FY17 and FY18," Superloop added. (Image: Screenshot by Corinne Reichert/ZDNet) SubPartners, founded by Slattery in 2012, was formed with the aim of building a subsea cable connecting the west coast of Australia with Singapore. According to Slattery, the cost of operating the cable has been reduced significantly by the sharing of ownership between the parties. SubPartners is also constructing the APX-West Perth to Singapore subsea cable with Telstra and Singtel, which will be 4,500km long with two fibre pairs providing a minimum of 10Tbps capacity each pair and two-way data transmission, and is expected to be completed by 2018. Superloop, meanwhile, recently completed construction of its 1,728 fibre core Hong Kong subsea cable TKO Express, which connects Chai Wan on Hong Kong Island and Tseung Kwan O (TKO) Industrial Estate -- Hong Kong's new major hub for technology, datacentre, financial, and media companies, as well as submarine cable landing stations -- on the mainland. In addition, Alcatel Submarine Networks -- now a division of Nokia -- also recently reached a final agreement with Vocus Communications on the design and technical specifications of its own subsea cable system, the Australia Singapore Cable (ASC). Originally a 50-50 joint-venture deal between Vocus and Nextgen Networks , the 4,600km ASC will connect Perth with Singapore and Indonesia, with completion set for August 2018 at a cost of $170 million.
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