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ZMG7 LLC: Pioneering the UAE’s digital asset transformation through global collaboration

HONG KONG, Feb. 4, 2025 /PRNewswire/ — Gewan Holding, Zodia Markets, and Metalpha Limited have today officially announced the launch of ZMG7 LLC, a partnership set to redefine the global digital asset ecosystem. This unique partnership combines the expertise and resources of three powerhouses in finance and digital innovation, with each partner bringing their own distinct strength to the partnership.

Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital’s financial sector, and beyond.

Backed by Standard Chartered Bank and operating across many key global jurisdictions, including Abu Dhabi, Zodia Markets is an institution-first digital asset brokerage. Having established itself as a leader in OTC spot liquidity, Zodia Markets has built a reputation for offering industry-leading pricing and settlement services to institutional clients, through its bank-grade infrastructure.

Metalpha Limited, founded in 2021, Metalpha Limited is a global leading provider of digital asset focused wealth management products and services. As a subsidiary of Metalpha Technology Holding Limited, the company specializes in crypto derivatives, serving institutions such as exchanges, mining firms, investment funds, and family offices. With top talent from Wall Street banks and deep blockchain expertise, Metalpha Limited aims to lead the crypto wealth management industry, driving innovation, transparency, and sustainable growth for its clients worldwide.

Commenting on the launch, Alaa Al Ali, CEO of Gewan Holding, said: “ZMG7 embodies the vision of innovation and collaboration that is central to our values at Gewan Holding. This venture is also a testament to Abu Dhabi’s growing prominence as a global hub for digital assets and financial technology.”

Amer Al Osh, Chief Development Officer, Gewan Holding, added: “By joining forces with Zodia Markets and Metalpha, we aim to unlock unprecedented opportunities in the digital asset landscape, driving its rapid yet sustainable growth across the UAE, the GCC, and beyond.”

Adrian Wang, CEO of Metalpha Limited, further remarked: “I’m very excited for our partnership and shared vision of advancing digital assets in the Middle East. Aiming to play a pivotal role to drive mass adoption of digital assets in the region, we look forward to expanding our presence in this dynamic market.”

Also sharing his enthusiasm for today’s announcement, Usman Ahmad, Co-Founder and CEO of Zodia Markets, said: “It is a privilege to partner with esteemed institutions like Gewan Holding and Metalpha. Together, our unique capabilities and combined infrastructure will create unparalleled synergies, enabling us to contribute to the growth of the global digital asset markets. Having received our Financial Services Permission from the FSRA in Abu Dhabi Global Market on December 24, ZMG7 reiterates our commitment to the UAE and our ambitious goals in the global digital asset ecosystem.”

The formation of ZMG7 signals the foundation for an ambitious initiative seeking to enhance the UAE’s leadership in global digital asset management. The joint venture is also poised to deliver significant value by leveraging the distinct expertise of its partners, further positioning Abu Dhabi and the wider GCC region as key players in the future of finance.

-ENDS-

Notes to Editors:

Gewan Holding

Gewan Holding is a prominent Abu Dhabi based investment conglomerate committed to driving transformative growth and innovation across diverse sectors. Guided by Abu Dhabi economic Vision 2030, we are at the forefront of shaping a dynamic future by harnessing the potential of varied industries.

Metalpha Limited

Founded in 2021, Metalpha Limited is a global leading provider of digital asset focused wealth management products and services. As a subsidiary of Metalpha Technology Holding Limited (NASDAQ: MATH), the company specializes in crypto derivatives, serving institutions such as exchanges, mining firms, investment funds, and family offices. With top talent from Wall Street banks and deep blockchain expertise, Metalpha Limited aims to lead the crypto wealth management industry, driving innovation, transparency, and sustainable growth for its clients worldwide.

Zodia Markets

Zodia Markets is the institution-first digital asset brokerage providing comprehensive over-the-counter (OTC) trading solutions to clients across the globe. Born out of the innovation unit of Standard Chartered Bank, SC Ventures, and Asia’s leading digital asset company, OSL Group, Zodia Markets supports over 50 digital assets and in excess of 20 fiat currencies.

Crisil Coalition Greenwich Announces 2025 Best Bank and Share Leader Award Winners for Corporate Banks

J.P. Morgan and HSBC earn top honors as the world’s best global corporate bank and corporate FX bank respectively from Crisil Coalition Greenwich

NEW YORK, Feb. 4, 2025 /PRNewswire/ — Crisil Coalition Greenwich today announced the 2025 Best Bank and Share Leader award winners. Over 60 banks were recognized globally, regionally and by country in the corporate banking segment. J.P. Morgan took top honors as the 2025 Best Bank globally for Corporate Banking and Corporate Cash Management. The 2025 Best Bank globally for Corporate Foreign Exchange is HSBC.

Coalition Greenwich Awards: Share Leader and Best Bank
Coalition Greenwich Awards: Share Leader and Best Bank

“For decades, Crisil Coalition Greenwich has conducted high touch interviews with thousands of companies around the world annually to determine which banks deliver the best products and services,” says Dr. Tobias Miarka, Global Head of Corporate Banking at Crisil Coalition Greenwich. “In 2025, we distilled our findings to identify J.P. Morgan and HSBC as the year’s best global corporate banks in their respective categories.”

New Award, Same Trusted Methodology
The Coalition Greenwich Leader designation has long been the industry’s standard among banks and corporates across Corporate Banking, Cash Management, Foreign Exchange, Trade Finance, and other core bank business lines. These awards help companies identify the top performers in specific banking functions and for banks to benchmark themselves against rivals both locally and regionally.

For 2025, Crisil Coalition Greenwich retained the Share Leader award and revamped the renowned Quality Leader and Excellence designations as Best Bank awards to enhance clarity, marketability and prestige. With the new and expanded awards, the same industry-leading data and analytical rigor that made the Quality and Excellence Leaders the most trusted and cited award in global banking is retained.

Award winners receive quality ratings from corporate clients that top those of competing banks by a statistically significant margin. The analysis considers coverage intensity, ease of doing business, advisory capabilities, product and digital capabilities, and other factors.

“Our expertise in market analysis is why our awards are the industry gold standard,” says Dr. Tobias Miarka. “They comprise direct feedback from objective and in-depth interviews with corporate decision-makers and are built on comprehensive and robust market analysis.” 

View the 2025 Coalition Greenwich Award Winners:
2025 Coalition Greenwich Leaders: Global Corporate Banking, Cash Management and FX
2025 Coalition Greenwich Leaders: Asian Corporate Banking, Cash Management and FX
2025 Coalition Greenwich Leaders: European Corporate Banking, Cash Management and FX
2025 Coalition Greenwich Leaders: U.S. Corporate Banking, Cash Management and FX
2025 Coalition Greenwich Leaders: U.K. Commercial Banking

About Crisil Coalition Greenwich

Crisil Coalition Greenwich is a leading provider of strategic benchmarking, analytics and insights to the financial services industry, and specializes in providing unique, high-value and actionable information to help clients measure and drive their business performance.

For more information, visit CoalitionGreenwich.Crisil.com 

About Crisil

Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence.

Large and highly respected firms partner with us for the most reliable opinions on risk in India, and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success.

Headquartered in India, Crisil is majority owned by S&P Global.

Founded in 1987 as India’s first credit rating agency, our expertise today extends across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ.

Our globally diverse workforce operates in the Americas, Asia-Pacific, Europe, Australia and the Middle East, setting the standards by which industries are measured.

For more information, visit www.Crisil.com

Connect with us: LinkedIn | Twitter

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Disclaimer

Crisil Ltd (Crisil) has taken due care and caution in preparing this Report. Information has been obtained by Crisil from sources it considers reliable. However, Crisil does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. This Report does not constitute an offer of services. It is made abundantly clear that the Report is not intended to and does not constitute an investment advice. Any opinions expressed here are in good faith and constitute an independent view of the Crisil as on the date of issue. Crisil assumes no financial liability whatsoever to the subscribers / users / transmitters / distributors of this Report. Access or use of this Report does not create a client relationship between Crisil and the user. This Report should not be reproduced or redistributed to any other person or in any form without a prior written consent of Crisil.

 

Monash University Malaysia Launches SEADS to Promote Online Safety


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 February 2025 – Monash University Malaysia marked a milestone with the launch of the Southeast Asia Research Centre for Digital Tech and Society (SEADS). The launch of SEADS was inaugurated by the Honourable YB Hannah Yeoh, Minister of Youth and Sports, in a ceremony committed to promoting a safer digital future.

From left: Professor Duncan McDuie-Ra (Head of the School of Arts & Social Sciences), Associate Professor Emma Baulch (Director of (SEADS) and Deputy Head of School (Research) at the School of Arts and Social Sciences. , YB Hannah Yeoh (Minister of Youth and Sports), Professor Emeritus Dato' Dr Adeeba Kamarulzaman (President and Pro Vice-Chancellor, Monash University Malaysia), YB Michelle Ng Mei Sze (ADUN Subang Jaya).
From left: Professor Duncan McDuie-Ra (Head of the School of Arts & Social Sciences), Associate Professor Emma Baulch (Director of (SEADS) and Deputy Head of School (Research) at the School of Arts and Social Sciences. , YB Hannah Yeoh (Minister of Youth and Sports), Professor Emeritus Dato’ Dr Adeeba Kamarulzaman (President and Pro Vice-Chancellor, Monash University Malaysia), YB Michelle Ng Mei Sze (ADUN Subang Jaya).

Speaking of the role of SEADS, Professor Emeritus Dato’ Dr. Adeeba Kamarulzaman, President and Pro Vice-Chancellor, of Monash University Malaysia emphasized that the center is not just about celebrating digital advancement but ensuring technology works for the people, not against them. She also highlighted SEADS’ commitment to collaborating with corporations, policymakers, and communities to foster ethical and inclusive digital transformation.

One of the event’s highlights was a fireside chat between YB Hannah Yeoh and Professor Meera Sivasothy from the School of Arts and Social Sciences. The discussion titled “Creating a Safe Internet for Young Malaysians” explored issues related to the regulation of online spaces in Malaysia and their implications for young people. “Greater coordination and data sharing within government agencies is essential to making better-informed decisions regarding online harm”, emphasized Hannah Yeoh. Prioritizing comprehensive research and leveraging the Southeast Asia Digital Society framework, stakeholders are urged to understand the scope of online harm before enacting policies or regulations.

In response to questions on whether Malaysia should follow Australia’s lead in banning social media access for individuals under 16, YB Hannah Yeoh expressed skepticism about its feasibility. She highlighted enforcement challenges, noting, “In Malaysia, people often share phones within households, making such regulations difficult to implement.”

Addressing the issue of online trolling in sports, Yeoh underscored the importance of maintaining the principles of sportsmanship. “Online behavior should mirror the values we cherish in sports. Respect, fairness, and integrity must be upheld, whether on the field or online,” she stated.

Yeoh also discussed the often-blurred lines between online and offline spaces, challenging societal perceptions about digital consumption. “We frequently criticize children for spending extensive hours on their phones, but we must also consider adult behaviors—like working in two-hour blocks without breaks—as part of the problem. To secure a better future, we need collective efforts in understanding and addressing these concerns,” she added.

As Malaysia navigates the complexities of digital engagement, fostering an informed, collaborative approach is pivotal to safeguarding all citizens in an increasingly interconnected world.

Associate Professor Emma Baulch, Director of SEADS and Deputy Head of School (Research) at Monash University Malaysia’s Schools of Arts and Social Sciences said, “Online spaces are where young people live—relax, socialize, shop, get informed and sell things. Given the rapid pace of change in these environments, more fundamental research is needed to take stock of how changes affect us for better or for worse.” Baulch added,” Universities are a key piece of the puzzle in building an inclusive digital future. At SEADS, we don’t just publish research articles but we co-design them with collaborators in civil society, government, and industry to drive meaningful changes.”

SEADS’ research falls under three themes:

  • Online harm and safety, including online gender-based violence and the harm caused by deepfake imagery;
  • Data justice, including research on digital identities, data centers, and threats to data privacy; and
  • Digital inclusion, including the inequalities of access and affordability that persist as increasing numbers of people come online.

SEADS will partner with industry, policymakers, and civil society to ensure research on these topics informs public conversations, attitudes, and practices, as well as policy development. These research priorities reflect Monash University Malaysia’s commitment to address critical societal issues that impact our community. Through initiatives like SEADS, Monash University Malaysia continues to undertake the research necessary to drive impactful change, bridging academics with real-world solutions to address the pressing challenges of our time.

Hashtag: #MonashUniversityMalaysia

The issuer is solely responsible for the content of this announcement.

SEADS

Southeast Asia Research Centre for Digital Tech and Society (SEADS) undertakes scholarly research that advances understanding of digital technology and societies in Southeast Asia. The centre serves as a platform that conjoins academic research with civil society, governments and corporations in ongoing dialogue, exchanges, and collaborations to explore alternatives, and inform the public. SEADS is based at the School of Arts and Social Sciences, Monash University Malaysia, and is funded under the Monash University Malaysia competitive Future Centre scheme.

Monash University Malaysia

Monash University Malaysia, established in 1998, is the third-largest campus of Australia’s largest university and the first foreign university campus in Malaysia. We are a premier research-intensive Australian university ranked among the top 50 universities globally by the QS World University Rankings 2024 and a member of Australia’s prestigious Group of Eight (Go8). Monash University is also ranked 58 in the latest Times Higher Education World University Rankings. A self-accrediting university, we offer a distinctly international and culturally rich environment with approximately 11,000+ students from 85 countries. Monash University Malaysia, including the Jeffrey Cheah School of Medicine and Health Sciences, is wholly owned and operated by Monash University since 2020.

ASSEMBLY ACHIEVES B CORP CERTIFICATION™ IN APAC

Stagwell (NASDAQ: STGW) Agency Expands Global Commitment to Sustainability 

HONG KONG, Feb. 4, 2025 /PRNewswire/ — Assembly APAC, a leading media agency committed to sustainable innovation, announced today its achievement of B Corp Certification™. This milestone underscores Assembly APAC’s dedication to balancing profit with purpose and delivering positive social and environmental impact. Part of a global entity, Assembly has also achieved B Corp™ status in Europe and is working towards certification in India, MENA, and North America to further solidify their leadership as a responsible business partner to the world’s biggest brands. 

B Corp Certification™ is presented by B Lab™, a nonprofit organisation that rigorously evaluates companies based on their impact across key areas, including governance, employee well-being, community engagement, and environmental stewardship. By achieving this certification, Assembly APAC joins a prestigious group of over 9,000 certified B Corps™ worldwide, which have set the standard for businesses committed to making a positive difference. 

“This milestone is in recognition of the values that are core to Assembly’s DNA. It reinforces our commitment to doing business with integrity, transparency, and care for the world around us,” said Richard Brosgill, Assembly APAC CEO. “Our B Corp Certification™ is just the beginning, and we’ll continue to work towards creating equitable and fair working environments, reducing our carbon footprint, and partnering with like-minded, purpose-driven brands.”

Exceeding B Lab’s™ high standards for accountability and transparency, Assembly APAC was awarded the prestigious certification in just over 12 months – a testament to the responsible business practices already embedded within the agency. Their journey to B Corp Certification™ is rooted in a series of impactful initiatives that align with the mission to balance people, planet, and profit:

  • Setting reduction targets to reducing its global environmental footprint 
  • Launching Clean Media Lab to help clients decarbonise their media and meet sustainability goals 
  • Fostering an inclusive and equitable workplace and creating more inclusive pathways for diverse-owned businesses through its Partners for Progress program 

“Assembly has always led with purpose, and achieving B Corp certification™ is just one of the ways our values are being realised,” said Gaby Sethi, Global Head of Impact at Assembly, adding, “Our global mission is ‘to find the change that fuels growth,’ and we’re committed to our pursuit of growth and progress in sustainability”

As Assembly looks to gain B Corp Certification™ in India, MENA and North America, the company is leveraging its global network to drive a consistent commitment to purpose-driven business practices. By expanding its certification footprint, Assembly aims to unify its efforts under a shared framework, ensuring measurable impact across all regions. This achievement reflects the agency’s ongoing commitment to embedding purpose into every aspect of its business. 

ABOUT ASSEMBLY APAC
Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 2,300 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. For more information, visit assemblyglobal.com.

ABOUT B LAB:
B Lab™ is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, the global network creates standards, policies, tools, and programs for business, and we certify companies — known as B Corps™ — who are leading the way. To date, the B Corp™ community includes over 850,000 workers in over 9,000 B Corps™ across 103 countries and 162 industries, and more than 300,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. B Lab™ has created and led efforts to pass over 50 corporate statutes globally that enable stakeholder governance. To learn more and join the movement, visit www.bcorporation.net

MEDIA CONTACT
Kelvin Lee
Marketing Director, APAC
kelvin.lee@assemblyglobal.com

 

IFF Adds Real-Time Consumer Feedback into Fragrance Creation with Introduction of AI-Powered ScentChat™ App

PARIS, Feb. 4, 2025 /PRNewswire/ — IFF (NYSE: IFF) announces the launch of its new AI-powered research tool, ScentChat™, an instant messaging application designed to enhance the fragrance creation process with the addition of real-time consumer feedback, coupled with qualitative insights. The app connects directly with leading messaging platforms, bridging the gap between consumers and IFF creatives to unlock co-creation opportunities.  Using advanced semantic AI and Natural Language Processing (NLP), ScentChat™ provides valuable insights to help develop scents that people love.

“The ScentChat™ tool was specifically developed to enable direct, real-time communication between consumers and fragrance creators via widely used platforms such as WhatsApp and Facebook Messenger,” said Valery Claude, senior vice president, Scent Innovation, Creation and Design.

Breaking down barriers to co-creation

Commercial fragrance creation is where art and science meet.  On the one hand, it is emotional and highly subjective. On the other, creative development requires precision and technical expertise. Perfumers leverage qualitative consumer data to navigate this complex process. However, gathering timely, authentic sensory feedback and translating that into relevant formulation insights is difficult, time-consuming and costly.

“ScentChat™ mirrors the dual nature of fragrance creation – combining human experience with technology to produce sensational results,” said Clotilde Raz, senior manager, Global Human and Consumer Insights – Scent, at IFF. “The app is a huge leap forward, making innovation more efficient, immersive, and impactful. We’re already smelling unique, consumer-loved creations from our artists of perfumery, based on this exciting new resource!”

ScentChat™ allows specific research participants to interact with perfumers using already familiar messaging apps. The app takes the feedback and leverages IFF’s proprietary semantic and NLP AI algorithms to analyze inputs and instantly generate insight reports from which formulators can make informed decisions about ingredients and many other factors, based on accurate, up-to-the-minute data. This process alone, can remove many barriers typically associated with consumer research, making it a cost-effective, accessible and scalable tool. The app offers an additional benefit by fostering a legitimate sense of community and collaboration with fragrance creators.

Beyond its tangible benefits for co-creation, ScentChat™ also represents a significant leap forward in the application of generative AI and NLP technology to advance the art of perfumery.

Discover more about how IFF opens up the world of scent, for its customers and their consumers, here.

Welcome to IFF

At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at iff.comX (Twitter), FacebookInstagram, and LinkedIn.

©2025 International Flavors & Fragrances Inc. (IFF). IFF, the IFF Logo, and all trademarks and service marks denoted with TM, SM or ® are owned by IFF or affiliates of IFF unless otherwise noted. All Rights Reserved.

Contact:
Judith Gross
VP, Communication and Branding, Scent
+33630097462
judith.gross@iff.com

Bayer Foundation Women Entrepreneurs Award: Applications Open for Innovators in Health and Food Security

LEVERKUSEN, Germany, Feb. 4, 2025 /PRNewswire/ — Bayer Foundation, in partnership with Impact Hub Network, has opened applications for the 2025 Women Entrepreneurs Award, offering 15 winners €25,000 and growth support to overcome barriers in scaling innovative solutions for health and food security.

Women entrepreneurs are driving change with innovative solutions to global challenges. Their diverse perspectives, creativity, and social impact focus position them to build sustainable, scalable models for the future. The award will amplify their work, support scalable social businesses, and connect them to networks that drive transformative change.

Standout winners in 2024 include:

  • Joan Nalubega (Uganda): Innovated mosquito repellents integrated into daily essentials like soap and lotion, reducing malaria cases by 88% in user households.
  • Valentina Rios (Colombia): Revolutionizing pediatric care with a 24/7 WhatsApp-based service that has resolved over 9 million inquiries across 28 countries, cutting emergency room visits by 92% and improving healthcare access for underserved families.
  • Athalia Mutiara Laksmi (Indonesia): Bridging the gap between hearing and deaf communities with a 3D animation translator, enabling over 160,000 people to learn and connect.

Discover more from the 2024 winners and the extraordinary impact they are creating in their regions. Applications are now open, and will close on February 18, 2025.

“Through this partnership, we provide valuable support specifically tailored to the needs of women entrepreneurs and their businesses. We also foster collaboration to accelerate change in health and food security,” noted Petr Skvaril, Global Partnerships Director at Impact Hub Network. “Our combined expertise and networks have created a powerful platform for scaling solutions that address the world’s most pressing challenges.”

About Bayer Foundation
The Bayer Foundation drives innovation in science and social entrepreneurship to create a world with “Health for all” and “Hunger for none.” By supporting ventures in health, nutrition, and the environment, the Foundation builds sustainable business models, fosters cross-sector collaborations, and supports women entrepreneurs to address global challenges.

About Impact Hub Network
Impact Hub is a global network of 120+ entrepreneurial communities driving inclusive and sustainable innovation at scale. As a catalyst for social impact, it empowers Impact Makers to tackle pressing global challenges by nurturing powerful ecosystems of collaboration and support. Through entrepreneurship, shared learning and innovation, Impact Hub advances solutions that build a more equitable and sustainable future.

Clarivate Reveals Medtech Breakthroughs Driving Growth in Pulsed Field Ablation Market

New e-book explores transformative medtech advancements in pulsed field ablation for atrial fibrillation treatment

LONDON, Feb. 4, 2025 /PRNewswire/ — Clarivate Plc (NYSE:CLVT) a leading global provider of transformative intelligence and BioWorld by Clarivate, today published a new e-book, Pulsed field ablation: stunning growth shocks the atrial fibrillation market. The Clarivate e-book highlights new medtech breakthroughs in the pulsed field ablation (PFA) market, forecasting its future growth and showcasing the technology’s potential to transform the treatment paradigm for atrial fibrillation.  

Cryoablation and radiofrequency (RF) ablation can cause damage to non-targeted tissues, such as the pulmonary vein, esophagus and phenic nerve. As a result, PFA has emerged as an appealing alternative for treating atrial fibrillation, attracting significant investment from companies worldwide. The technology leverages high-voltage, microsecond electrical pulses rather than thermal energy, enabling a safer, faster procedure with higher success rates and reduced recurrence rates. Consequently, electrophysiologists are rapidly switching to PFA and away from RF and cryoablation.

Juliane Ray, General Manager, Medtech, Life Sciences and Healthcare, Clarivate, said: “The evolution of cardiac ablation is at a pivotal moment, with pulsed field ablation emerging as a breakthrough that is reshaping treatment guidelines and expanding patient access worldwide. As clinical evidence continues to build, we are seeing a shift toward ablation as a first-line therapy, reinforcing the need for innovation in mapping, delivery systems, and procedural efficiency. This e-book explores the latest advancements and market dynamics, equipping stakeholders with the insights needed to anticipate the next wave of transformation in cardiac care.”

Andrew Lee, Vice President, Medtech, Life Sciences and Healthcare, Clarivate, said: “The rapid adoption of pulsed field ablation underscores its transformative potential in cardiac care, reshaping the treatment landscape and expanding access for patients worldwide. This e-book provides cardiologists and medical device companies with a comprehensive view of the latest advancements and trends, equipping them with the insights needed to navigate this evolving market. As PFA drives unprecedented growth and innovation, staying informed is crucial for making strategic decisions that align with this dynamic and rapidly expanding sector.”

Anette Boyle, Editor, BioWorld, Clarivate, said: “PFA may be the most significant Medtech advance in cardiology in the last decade – and it has certainly been the most rapidly adopted. With the total number of cardiac ablation procedures for atrial fibrillation expected to double in the next two to three years, major players and start-ups alike are racing to complete clinical trials and gain regulatory approvals. We expect to see brisk M&A in this area as companies lagging in development of their own products seek to leapfrog the competition and secure a slice of this hot market.”

Key updates and the forecast of the global PFA market featured in Pulsed field ablation: stunning growth shocks the atrial fibrillation market, include:

  • Key players: Companies and PFA systems, including FARAPULSE, Affera Sphere-9 and PulseSelect, gained regulatory approvals around the world and even more began clinical trials in 2024. While Johnson & Johnson’s VARIPULSE received FDA approval in November, the company indefinitely paused its limited U.S. rollout to investigate multiple neurovascular events associated with its use in January. Abbott Laboratories, the last of the big four players in the market to gain U.S. marketing authorization, completed enrolment in its VOLT-AF pivotal trial in October and could receive FDA approval as early as mid-2026, with CE mark likely in early 2025.
  • Rapid expansion in international markets: PFA adoption grew exponentially with FDA approvals in the U.S. in late 2023 and early 2024. Mainland China, Japan and Australia all have three approved PFA systems, and the market for PFA in the Asia Pacific region is expected to surpass $1 billion over the next three to five years. China has several domestic manufacturers in the mix, making it a more competitive landscape for global firms. Japan alone could become a $300 million market by 2028.
  • Market value forecast: From a base of $300 million globally in 2023 and 5% of the atrial fibrillation market, Clarivate expects PFA to approach $8 billion in market value and capture more than 70% of the global atrial fibrillation market by 2028.

Pulsed Field Ablation: Stunning Growth Shocks the Atrial Fibrillation Market, offers an in-depth analysis of recent breakthroughs and the transformative potential of PFA technology featuring insights from the editor of BioWorld MedTech, Annette Boyle, and up-to-the-minute analysis from Clarivate’s Medtech experts.

To learn more about the Clarivate e-book, visit here

To track developments in cardiac ablation and other medical technologies on a daily basis, subscribe to BioWorld MedTech, here: BioWorld MedTech: The Daily Medical Technology News Source.

The Electrophysiology Mapping and Ablation Device Market Insights series provides a comprehensive global market view with granular insights into market dynamics in the broader ablation market as well as the game-changing potential of PFA technology. Designed to ensure our customers have the most current and actionable data to guide their strategic decisions and drive progress toward a healthier future, the series draws on the expertise of Clarivate’s Medtech analysts, who leverage proprietary Clarivate Medtech Intelligence data, including Real World Data assets like claims data and PriceTrack. For the latest forecasts for Electrophysiology Mapping and Ablation Device geographical markets, see our Medtech Insights reports, here: Medtech Insights | Clarivate

About BioWorld
With writers and editors stationed around the globe, BioWorld MedTech, published by Clarivate, reports the breaking news and provides key perspective on thousands of innovative medical technologies and devices in development, the companies behind those candidates, the business development transactions that evolve the markets, and the regulatory hurdles that both challenge and guard the processes. The BioWorld group of news services (BioWorld, BioWorld Science, BioWorld MedTech and BioWorld Asia) has a long tradition of excellence in journalism. Collectively, the news services have been honored with 70 awards dating back to 1998.

About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com

Media Contact:
Luna Ivkovic,
External Communications, Life Sciences & Healthcare
newsroom@clarivate.com

 

Authorities Crack Down on Illegal Forest Activity in Oudomxay

Forest Fires in Oudomxay

In Oudomxay Province, a report has emerged indicating that 674 cases of forest encroachment, forest destruction, and forest fires were recorded in 2024.