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Innovation Ecosystems in Germany, U.S and South Korea Grow with Government Backing Finds Frost & Sullivan - Public and private stakeholders must work with technology providers to design efficient solutions for Materials, Coatings, Healthcare, Energy and Environment markets
Innovation Ecosystems in Germany, U.S and South Korea Grow with Government Backing Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2014/05/14 - Public and private stakeholders must work with technology providers to design efficient solutions for Materials, Coatings, Healthcare, Energy and Environment markets.

   
 
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Germany, the United States (US) and South Korea are building robust innovation ecosystems in the healthcare, materials and coatings, and energy and environment sectors to realise their developmental goals in a streamlined manner. Stakeholders such as public and private organisations should work hand in hand with technology providers to plan, design, implement and support innovative technologies that can help create smart solutions for everyday life, and tackle some of the nations’ pressing challenges.

New analysis from Frost & Sullivan, National Innovation Ecosystems (Healthcare, CMF, Energy), finds that while the innovation ecosystems of Germany, the US and South Korea consist of certain technologies that impact just one vertical, most of the key technologies are intertwined and involve convergence across multiple verticals.

"The innovation ecosystems of Germany, the US and South Korea will see a massive integration of nanobiosensing devices into the life sciences and bioengineering technology clusters by 2020, in turn fuelling significant advances in personalised diagnostics and therapeutics," noted Technical Insights Industry Analyst Darshana De. "Hybrid operating theatres and supporting clinical applications software will also be introduced to these markets in response to the extended capabilities of interventional radiology and cardiology, as well as the shift towards minimally invasive surgeries."

Innovations focused on waste minimisation and upcycling are also at the forefront in the three countries analysed. This will see waste-to-energy technologies such as pyrolysis, waste gasification and anaerobic digestion being adopted on a wide scale in the near future. Developments in desalination technologies will be in the fields of carbon fibres, graphene membranes, aquaporins, capacitive deionisation and solar desalination.

"In the materials and coatings sectors, technology developers are designing lightweight multi materials and biocomposites to address fuel emissions concerns and help create a low-carbon economy," said Technical Insights Industry Analyst Aarthi Janakiraman. "Advances are also being made in nanocoatings and super hydrophobic coatings to enhance functionalities and extend the lifespan of substrates, thereby, lowering the use of raw materials and leading to cost and energy savings."

Several energy-related innovations are under way as government support for sustainable energy grows through various incentives and schemes. One of the key solutions brought to these markets is grid energy management.

"The governments of Germany, US, and South Korea should continue to offer extensive state and regional funding to spur innovations," advised De. "This will enable them to maintain a strong innovation ecosystem that serves to consolidate economic development initiatives."

For more information on this research, please email Anna Zanchi, Corporate Communications, at anna.zanchi[.]frost.com

National Innovation Ecosystems (Healthcare, CMF, Energy), a part of the Technical Insights subscription, provides an overview of the various technologies and capabilities in the healthcare, chemicals, materials and food, and energy sectors of the US, Germany, and South Korea. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants. Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

 
 
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Innovation Ecosystems in Germany, U.S and South Korea Grow with Government Backing Finds Frost & Sullivan

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Frost & Sullivan | Innovation Ecosystems
Publisher Contact: Anna Zanchi - Frost.com 
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