Hyperfine, Inc. Enters into Agreements with Distributors for European Markets Expansion | Hyperfine, Inc.

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| May 10, 2024 6:05 PM

Hyperfine, Inc. Enters into Agreements with Distributors for European Markets Expansion | Hyperfine, Inc.

Hyperfine, Inc. has entered into agreements with three experienced and accomplished distributors to support commercial expansion plans of the Swoop® system into European markets with an initial focus on France, the United Kingdom, and Italy. The Swoop® system is the first FDA-cleared portable magnetic resonance (MR) brain imaging system and has CE certification under the EU MDR and UKCA certification in the United Kingdom. The system is the highest performing Swoop® system to date in terms of image quality and usability. The company is also expanding its management team with Enrico Barini joining as International Business Development Director.

Global Cryogenic Equipment Market

The Global Cryogenic Equipment Market is a diverse industry that encompasses the design, manufacturing, and supply of specialized equipment designed to handle and manipulate materials at extremely low temperatures. The market is driven by the growing adoption of cryogenic equipment in healthcare and pharmaceuticals, where it plays a crucial role in various applications such as the storage and transportation of biological materials, vaccines, blood products, and other sensitive medical supplies at ultra-low temperatures. The market is also driven by the growing adoption of cryogenic equipment in the energy and industrial sectors, where it is used for the storage and transportation of liquefied natural gas (LNG) and other cryogenic fluids. North America is the largest market for cryogenic equipment, driven by its technological prowess, thriving industrial sectors, strategic partnerships, and rising demand for LNG. The market is expected to grow at a compound annual growth rate of 8.1% from 2024 to 2029, with a forecasted market value of $34.01 billion in 2029. The report provides a detailed analysis of the major companies present in the Global Cryogenic Equipment Market, including Air Liquide S.A., Linde Plc, Emerson Electric Co., Chart Industries Inc., Baker Hughes Company, IHI Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd, Howden Broking Group Limited, Burckhardt Compression AG.

Corporate and Governmental Developments

Anglo American's bid of $37.53 billion has won favor among key South African investors but is under government scrutiny due to concerns over economic impacts. Todd Boehly's Eldridge Industries is expanding into international finance with its acquisition of Hayfin Capital Management. In the UK, Jeff Zucker's RedBird IMI faced a setback as regulatory challenges thwarted his bid for the Telegraph, signaling trouble in media mergers. Spirit AeroSystems in the UK warned that the sale or break-up of its Northern Ireland operations could critically harm the regional aerospace industry. The article emphasizes the importance of monitoring these developments closely as they could dramatically alter market dynamics and reshape investment landscapes.

Hyperfine Inc agreements European markets expansion plans Swoop system CE certification EU MDR certification UKCA certification in the United Kingdom International Business Development Director Enrico Barini Global Cryogenic Equipment Market analysis design of specialized equipment manufacturing of specialized equipment supply of specialized equipment extremely low temperatures materials healthcare adoption of cryogenic equipment pharmaceuticals adoption of cryogenic equipment storage of biological materials transportation of biological materials vaccines storage