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US Online Recruitment Market to Grow by USD 4.22 Billion (2024-2028) with Innovations in Hiring, AI Driving Market Transformation – Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The online recruitment market size in US is estimated to grow by USD 4.21 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.44%  during the forecast period.  Innovations in hiring process is driving market growth, with a trend towards increase in use of ai-powered searches. However, decline in profitability due to high level of competition  poses a challenge. Key market players include Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph And Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Hospitality, Manufacturing, Healthcare, BFSI, and Others), End-user (Employers and Non-employers), and Geography (North America)

Region Covered

US

Key companies profiled

Adecco Group AG, Barbachano International, Betterteam Pty Ltd., CareerBuilder LLC, College Recruiter Inc., CornerStone Search Group LLC, DHI Group Inc., JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., Nippon Telegraph And Telephone Corp., Ragns Inc., Randstad NV, Recruit Holdings Co. Ltd., Self Management Group, Snagajob.com Inc., The Select Group LLC, and ZipRecruiter Inc.

Key Market Trends Fueling Growth

Online recruitment in the US is undergoing a transformation through the adoption of artificial intelligence (AI) technology. Recruiters can now use AI-powered search engines to find candidates matching specific job designations. These engines send automated notifications to potential applicants and chatbots facilitate the initial contact. Chatbots categorize candidates based on qualifications and job requirements, while AI analyzes facial expressions and cognitive intelligence through tools like HireVue. This technology helps recruiters determine cultural fit, automate workflows, and make impartial, cost-effective hiring decisions. The use of AI in recruitment is expected to increase, with companies like The Carlyle Group partnering with HireVue to innovate. AI enhances recruiters’ roles by making them more proactive, improving hiring decisions with data, and streamlining the hiring process. This trend will fuel the growth of the online recruitment market in the US. 

The online recruitment market in the US is thriving, with e-recruitment, digital recruitment, and web-based resources becoming the norm. Job boards, social media sites, and specialized recruitment software are popular tools for posting vacancies and connecting with candidates. Hiring processes are increasingly digital, utilizing AI and machine learning for automated candidate screening and data-driven recruitment decisions. IT segment jobs, including soft and hard skills, dominate online job postings. Candidates use job search engines and recruitment websites for advanced search options and resume builders. AI-powered recruitment tools streamline the recruitment process, providing candidate-job matches and career guidance. Remote hiring, diversity hiring, and full-time or part-time positions are common. Security issues and chatbots are part of the recruitment procedures. Big data analytics provide valuable insights for talent acquisition across industries, from finance and sales to engineering, IT, hotel and catering, and more. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

The online recruitment market in the US is experiencing increased competition as new players enter the scene. Hundreds of tools are available for recruiters to fill job vacancies, with vendors such as LinkedIn, Monster, CareerBuilder, and College Recruiter facing intense competition. Small vendors are entering the market, impacting pricing strategies of larger vendors. While some tools, like Monster, offer job postings, others like LinkedIn and Glassdoor provide company information and employee reviews. Recruiters must find the right tool for their specific job requirements, as each job and recruitment process varies. The high-level competition in the market may reduce the profitability of vendors, potentially hindering the growth of the online recruitment market during the forecast period. It’s essential for recruiters to evaluate the unique features of each tool and choose the one that best fits their needs.The online recruitment market in the US is growing rapidly, with industries such as Part-time, Finance, Sales, Engineering, IT, Hotel and Catering, among others, increasingly turning to digital platforms for hiring. Challenges include automating candidate screening for Finance and Sales positions, remote hiring for IT and Engineering roles, and implementing diversity hiring practices. Data-driven recruitment decisions are key, utilizing big data analytics and ML. Security issues, chatbots, and resume management are also important considerations. The Fourth Industrial Revolution brings cloud-based technologies, social networking, and mobile-based recruitment solutions. Smartphone demand and internet recruitment are driving trends, with human resource management adapting to mobile recruiting, video interviews, and language barrier solutions. Skilled recruiters are essential for navigating these complexities.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This online recruitment market in US report extensively covers market segmentation by

Application 1.1 Hospitality1.2 Manufacturing1.3 Healthcare1.4 BFSI1.5 OthersEnd-user 2.1 Employers2.2 Non-employersGeography 3.1 North America

1.1 Hospitality-  The online recruitment market in the US is thriving, with an increasing number of companies adopting digital platforms for hiring. Websites like LinkedIn, Indeed, and Glassdoor offer employers access to a large pool of job seekers, allowing for efficient and cost-effective recruitment. Applicant Tracking Systems enable streamlined processing of resumes and interviews, reducing time-to-hire. Online assessments and video interviews further enhance the hiring process, providing a convenient and accessible solution for both employers and candidates.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The online recruitment market in the US is experiencing significant growth as businesses increasingly adopt digital tools to streamline their hiring processes. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to connect vacancies with candidates. These web-based resources offer convenience and efficiency, enabling employers to reach a larger pool of applicants and candidates to apply for jobs from anywhere. Digital tools such as AI and machine learning are revolutionizing the recruitment industry, providing candidate-job matches, resume management, and employee screening. The Fourth Industrial Revolution, driven by cloud-based technologies and social networking, is further transforming online recruitment. Mobile-based recruitment solutions cater to the growing demand for smartphone usage, allowing candidates to apply and interview via mobile devices. Online recruitment encompasses part-time and permanent jobs, with ML and video interviews becoming increasingly popular for initial screening. Human resource management benefits from these digital innovations, allowing for more data-driven decisions and efficient processes. Overall, the online recruitment market continues to evolve, offering numerous advantages for both employers and job seekers.

Market Research Overview

The online recruitment market in the US is experiencing significant growth as businesses increasingly turn to digital tools to find and hire candidates. E-recruitment, also known as digital or web-based recruitment, utilizes job boards, social media sites, and specialized software to streamline the hiring process. Candidates can search for vacancies using advanced search options on job search engines and career guidance sites, while employers can post job listings for full-time, part-time, and temporary positions in various industries such as IT, finance, sales, engineering, and hospitality. Digital recruitment tools include AI and machine learning algorithms for automated candidate screening, chatbots for initial interviews, and data-driven recruitment decisions based on big data analytics. The use of cloud-based technologies, mobile-based recruitment solutions, and social networking sites has become essential in the fourth industrial revolution. Remote hiring, diversity hiring, and security issues are also key considerations in the online recruitment landscape. Candidates can build resumes using resume builders and apply for jobs through various digital channels. Recruitment procedures include employee screening, assessment tools, and video interviews to ensure a good candidate-job match. The language barrier can be overcome through translation services and multilingual job postings. Overall, online recruitment offers numerous benefits, including cost savings, increased efficiency, and a larger talent pool.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationHospitalityManufacturingHealthcareBFSIOthersEnd-userEmployersNon-employersGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE

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HSINCHU, Jan. 10, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of December 2024 and for the fourth quarter ended December 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024. This would represent full year 2024 revenue growth of approximately 6.3% compared to the full year 2023.

Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, representing a decrease of 5.7% from the fourth quarter of 2023, and a decrease of 11.0% from the third quarter of 2024. The Company noted that while the quarterly decline reflects macro industry pricing and demand headwinds, the strong full year 2024 revenue growth reflects continued leadership in its core markets.

Revenue for the month of December 2024 was NT$1,780.1 million or US$54.3 million, representing a decrease of 3.0% from November 2024, and a decrease of 5.4% from December 2023.

Consolidated Monthly Revenues (Unaudited)

December 2024

November 2024

December 2023

MoM Change

YoY Change

Revenues

   (NT$ million)

1,780.1

1,834.6

1,881.5

-3.0 %

-5.4 %

Revenues

   (US$ million)

54.3

55.9

57.4

-3.0 %

-5.4 %

 

Consolidated Quarterly Revenues (Unaudited)

Fourth Quarter

2024

Third Quarter

2024

Fourth Quarter

2023

QoQ Change

YoY Change

Revenues

   (NT$ million)

5,399.6

6,068.0

5,725.4

-11.0 %

-5.7 %

Revenues

   (US$ million)

164.7

185.1

174.6

-11.0 %

-5.7 %

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 

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SOURCE ChipMOS TECHNOLOGIES INC.

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16 Press Releases You Need to See This Week

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Plus, press release highlights from CES 2025.

NEW YORK, Jan. 10, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

McDonald’s New McValue Platform Is Finally Here
Fans can mix and match with the new Buy One, Add One for $1 offer and fuel up for less with the popular $5 Meal Deal. The brand marks the moment by partnering with John Cena and gifting fans millions of dollars in entertainment, lifestyle promos.ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%
“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” said Nela Richardson, chief economist, ADP. “Health care stood out in the second half of the year, creating more jobs than any other sector.”Big Lots Closes Sale to Gordon Brothers Retail Partners
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said, “We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand.”Globally Renowned Investor and Entrepreneur Kevin O’Leary Joining The People’s Bid for TikTok
The bid aims to purchase TikTok’s U.S. assets and rebuild the platform in a way that prioritizes the privacy of its 170 million American users.NASA to Explore Two Landing Options for Returning Samples from Mars
“Pursuing two potential paths forward will ensure that NASA is able bring these samples back from Mars with significant cost and schedule saving compared to the previous plan,” said NASA Administrator Bill Nelson. “These samples have the potential to change the way we understand Mars, our universe, and – ultimately – ourselves.”Tripadvisor Reveals 2025’s Must-Visit Destinations: Top Picks From Travelers Around the World This year Tripadvisor introduces two new subcategories; Solo Travel Destinations and a special sub-category in celebration of Tripadvisor’s 25th anniversary honoring the Top Destinations of the Last 25 Years based on all time reviews.Ulta Beauty Teams Up with Instacart to Deliver Beauty in a Flash Nationwide
Beauty meets convenience with the largest specialty U.S. beauty retailer now available on Instacart for delivery in as fast as an hour from more than 1,400 stores.Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition
The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar. Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders.$5 Bowls with Five Choices: KFC® Debuts Hot New Lineup of Flavorful Bowls, Including Anticipated Return of Nashville Hot Sauce
Indulge your cravings with a hearty, warm, comforting bowl this winter for just $5 each, making your post-holiday wallet happy. Paramount and Comcast Announce Multi-Year Distribution Agreements
The multi-year deals feature ongoing carriage of Paramount’s networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount Network and more. Comcast subscribers will also retain access to Paramount’s popular streaming services across Paramount+, Pluto TV and BET+.Michael J. Fox Honored with Presidential Medal of Freedom
President Biden presented Fox with the medal, which honors individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors.Hyundai Vehicles Available to “Add to Cart” on Amazon Autos
Car buyers around the U.S. can browse, order and finance any new Hyundai vehicle through a participating Hyundai dealer directly on Amazon Autos, and schedule a pickup from the dealer.The Latest Innovation from CHIPS AHOY! Is…Not A Cookie?! Introducing New CHIPS AHOY! Baked Bites – Bite-Sized Blondies to Satisfy Your Sweet Tooth
Baked into a square shape with a soft and chewy texture inspired by a brownie, CHIPS AHOY! Baked Bites, Blondie variety, are made with delicious, real chocolate chips and no high fructose corn syrup, offering an entirely reimagined CHIPS AHOY! experience. Buffalo thunders back as Zillow’s hottest market for 2025
“Shoppers nationwide should see more options for sale than in recent years, along with slow and steady price growth. That’s the good news. But both buyers and sellers should expect unpredictable mortgage rates,” said Skylar Olsen, Zillow chief economist.Girl Scouts’ 2025 Cookie Season Kicks Off Nationally, Helping Girls Across the Country Unbox Brighter Futures for Themselves
At the close of the 2025 cookie season, two beloved cookie flavors, Girl Scout S’mores® and Toast-Yay!®, will be retired.United Announces Accelerated Timeline for Starlink’s Industry-Leading Connectivity in the Sky
The airline now expects to begin testing Starlink next month with the first commercial flight anticipated to take off this spring on a United Embraer E-175 aircraft. Ultimately, United will add Starlink to its entire fleet.

Read more of the latest releases from PR Newswire.

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CES 2025

CES took over Las Vegas — and the wire — this week as companies from a range of industries shared news of their latest consumer technology innovations. From advances in mobility and AI to medtech, smart homes and much more, PR Newswire is here to help journalists and consumers keep track of the announcements tied to the consumer electronics tradeshow.

Here are just a few of the big CES press releases sent this week:

What Not to Miss at CES 2025XREAL Announces Groundbreaking Collaborations at CES 2025EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather PrepSony Exhibits at CES® 2025Exclusive to CES 2025: Bird Buddy Goes Beyond Birds with New Wonder Nature Tech Product Announcement

Catch up on the latest CES 2025 announcements.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China

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RA’ANANA, Israel, Jan. 10, 2025 /PRNewswire/ — Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (Nasdaq: IINNW) (“Inspira” or the “Company”), a leader in life-support technology innovation, announced today that it is preparing for a potential production ramp-up of its INSPIRA™ ART100 device. This strategic readiness comes in light of the recent outbreak of human metapneumovirus (hMPV) in China, which has highlighted the growing need for advanced respiratory care technologies globally.

Inspira is already in discussions with leading providers in affected regions to evaluate demand for advance respiratory solutions and deployment of the INSPIRA™ ART100 device, ensuring rapid response capabilities in case of increased demand.

As global health authorities monitor the hMPV outbreak, Inspira™ believes that it is well-positioned to meet potential increased demand for advanced respiratory support systems. Inspira is working closely with suppliers to secure necessary raw materials and components to meet potential demand spikes. The Company is following the hMPV situation globally and working to adjust production plans as needed.

“While hMPV is not a new virus, and experts indicate the current outbreak is part of normal seasonal patterns, Inspira believes in being prepared,” said Dagi Ben-Noon, CEO of Inspira. “Our increased production capacity will help ensure healthcare providers have access to vital respiratory care equipment should the need arise.”

Inspira emphasizes that its preparedness measures are precautionary and align with the Company’s commitment to global health readiness. The Company will work closely with health authorities in affected regions and adjust its plans based on the evolving situation.

Inspira™ Technologies OXY B.H.N. Ltd.

Inspira Technologies is an innovative medical technology company in the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilator, with patients being awake during treatment. The INSPIRA ART is being equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, aiming to support physicians in making informed decisions.

In June and July 2024, respectively, the Company’s INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in CBP procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.

The Company’s other products and technologies, including the INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans nor approved by any regulatory entity.

For more information, please visit our corporate website at https://inspira-technologies.com

Forward-Looking Statement Disclaimer This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the growing need for advanced respiratory care technologies and its ability to adjust its plans to rapidly respond in case of increased demand. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.

Contact: Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485

MRK-ARS-113

Copyright © 2018-2025 Inspira Technologies OXY B.H.N. LTD., All rights reserved.

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