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In telehealth, technology is used to deliver heath-care services to a remote location under the supervision of doctors. Once there is 5G, it could have an even wider range of applications. For now, this is how it’s benefitting the world of medicine. Decreased exposure to illnesses, especially the high-risk, contagious stuff that can be spread easily when patients travel to and from clinics. In the same way, doctors limit how they interact with these patients and others. The most obvious advantage of using solutions from the Global Telehealth Market, is how flexible it is to deliver a healthcare service, or with scheduling appointments, or how workers can manage an even bigger number of patients with ease. When a hospital is able to reach more patients in this way, they increase their revenues earned from them, and at the same time maintain a standard level of efficiency when addressing each of their needs. Patients don’t really lose out on quality healthcare, as this remote channel connects them with specialists. Issues like location barriers, natural calamities are no longer a problem. Of course, right now certain areas might be right out of reach but with 5G, things like data latency and channel reach will no longer be an issue. What this reduces is the number of missed appointments where the person is unable to make it, affecting the time that the doctor has and time or resources lost when rescheduling those appointments. Ultimately this gives the medical facility an added competitive advantage – which they can see to each patient they have, no matter what and even it means meeting the person in their homes or setting up a time when they could come over to the clinic, if necessary. People will see this, like it, and more likely to utilize the services of facilities that are prepared to go this extra length. Related Story: Emerging trends in the global telehealth market Main contributions of the Global Telehealth Market Could the Global Telehealth Market determine the future of healthcare?
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VR is a very popular technology around the world – used in a lot of games, causal entertainment apps and simulation programs where the use of a VR headset is required. It’s still in the stages of development, and there’s still lots more to do with it. And when it is perfected, VR will be applied in even moreindustries, but in itsexperimental mode, it can only be applied in these lighter modes.
In the Virtual Reality Market In India, only a few people involved in computer game and software development might know about it. Given its nature, VR software or applications isn’t like the games that you can download, so the market for it is very small. We also don’t have a lot of training centers that show how to build it – in other words, there’s not a lot of momentum for it. Even the VR powered applications used in professional training are costly, and this is a huge inhibitor for even importing them. Whatever movement or traction we are seeing is very minute, and its mostly to do with the making of VR apps and virtual videos.AR is expected to be a little bigger, where if taken in conjunction with VR is still very new and determining an ROI on it is tough, as they’re more of noveltysolutions and not really a necessity for Indian consumers. So, taking this into consideration, VR also doesn’t have much scope either but there are a handful of enterprises that are trying to develop or integrate VR as simulation platforms. Gaming will always be a major scope, and there are these VR experience zones being used for instore brand promotion for products and services. Building on this, VR will always be mainstream technology in the gaming world. The industry is still on the forefront, of using programming languages like Java, JavaScript, C++, and others to develop app, web and software offerings, and when improved, we could be looking at these offerings. • 360° and 3D, 4D video formats for all purposes. • Training simulations to be used in flight training and military applications. • Development of models, blueprints, interior representations, virtual building structure and design in real estate and engineering. • Assistance in healthcare in the form of surgeries, phobia treatment. • VR simulation of the raveling experience, hotel rooms, resorts in tourism and travel. The e-sports segment of the digital gaming industry in China is ripe with huge potential. PC games, which dominated the Chinese gaming market for over 15 years, is currently being pushed aside by the the huge mobile user population. Mobile gaming is virtually replacing PC gaming, and consuming the biggest chunk of the Chinese gaming market. However, despite PC gaming is witnessing a downturn in mainland China, the professional e-sports market of PC games is not. E-sports games for PCs are still performing excellent in China when compared to other types of e-sports market.
Perhaps, the e-sports segment is the only saving grace for the PC gaming market in China, and providing stiff competition to the burgeoning mobile gaming industry who striving for more recognition of mobile e-sports among the Chinese gaming population. The significant gaming population in China provides a solid foundation for the rapid growth in the Chinese e-sports market. Consumers of e-sports products and services (including games, in-game purchases, e-sports merchandises, and other related products and services) account for the largest single country spending in the world, and this in turn bodes well for the overall growth of the China digital gaming market. The size of the Chinese e-sports market has doubled over the last two years, and is expected to hit 100 RMB in 2019, according to market research reports. The year-over-year growth rate has been consistent from 2015 to 2017 and reached its highest level of 59.4% in 2017, the same report indicates. The report also shows a slightly decreasing trend for the e-sports segment as the expansion of the e-sports market in China slew down recently. However, the 31.6% annual growth rate from 2017 to 2018 still represents around 21 billion RMB in net growth. This amount is only 3 billion less than the amount generated between the year 2016 and 2017, when this market was on the upward trajectory. Our related story: What are the trends to look out for in the China Digital Gaming Market? What are the compelling trends in the China digital gaming market? What’s the reason of success for China Digital Gaming Market? Robotic surgery, one of the most talked about innovation in the healthcare IT system, refers to more than just substituting a doctor with a robot in the operation theatre. Robotic surgery involves the use of latest healthcare IT systems to conduct minimally invasive surgeries which are increasingly getting popular amongst patients worldwide. In the year 1997, when a woman’s fallopian tubes were connected, the rise of minimally invasive procedures took place and since then it has gone through significant developments. Today, with the advent of artificial intelligence and robotics in healthcare, there are newer forms of surgical procedures which have come into play and are making surgeries very effective. Over the last five years, several technology trends in surgical robotic products have disrupted the healthcare IT space in ways never imagined before. As per Reuters, by 2021, one in every three surgery in the United States will be conducted by a robot. Let us take a look at what makes robotic surgeries so popular amongst doctors even though they believe robotic surgeries require more advancements before they can be mainstream. 1) Robotic surgery allows the surgeon higher dexterity which was unthinkable until a few years ago. The motion range is wide, and the accuracy and precision of incision is excellent. 2) Robots allow doctors better access to area of operation within the patient’s body and chances of success become much higher. 3) Patients experience significantly lower pain than the traditional surgeries and the recovery as well as the healing time are much sorter in comparison with traditional post-operative care. 4) Not only does the patient have lower risk of infection even the stay at the hospital is shorter. This is a huge advantage as countries like India have more patients than hospital beds and doctors. As a result, there are newer technology trends in surgical robotic products that are being observed in the healthcare space and a few of them are: 1) There is likely to be an increase in the number of outpatient surgery centres which will cater to ambulatory surgical procedures. 2) The next step in remote access to patient’s tissue will be possible through surgical robotic products. 3) Touchscreen solutions that render sharper and high definition display to surgeons during procedures will also see higher growth. Gaming on smartphones is something that every age group enjoys. App stores have this one thing in common – where there is a range of games, each one catering to a different kind of gamer. So, imagine the kind of competition that app developers have. More importantly, they have to find ways to keep their app offering on the store for longer and look for ways to enhance the life of it. One way to do that is to add new developments, improve on the software, and build new updates and patches that can help make their offering very distinct from that of the competitors. In order to determine these parameters, and market their app the right way, developers usually stick to this two-step approach – to first build the app, and then work with Competitive Benchmarking of Mobile Gaming Companies after that so that it reaches more users. The main job of these benchmarking companies is to carry out various testing activities and begins at the development phase itself. After the development is over, they move on to the final end testing to make sure that the app works on the stated OS, to determine bugs that are likely to occur on certain devices or the kind of limitations the app has – and if there’s a way to fix them. But why is this after effect required? The kind of software used, the concept behind the game that some developers are capable of producing is of exceptional quality – this is usually what’s seen from the industry leaders and they also usually set the bar for others to follow. Testing is the only way to know if the app you develop falls in line with current industry standards. The reasons are simple – they’ve invested millions of dollars into making that app happen, and they want the performance of the app to reflect that as well. Our related post: Benefits of Conducting Competitive Benchmarking of Mobile Gaming Companies Rapid digitization and automation technologies are steadily reshaping a number of industries, both at consumer and enterprise levels. Unlike the buzz going around about robots and AI replacing human workforce, technology experts believe that automation can actually enhance productivity of human workforce and drive greater value in an office environment. This notion actually holds true when one realizes the benefit of automation, and intelligent software solutions at workplace. Research on global human capital management market highlights that automation in office administration offers greater flexibility and helps adopt more agile work practices. Some of the most prominent applications of office automation are – 1. Employee Analytics - Smart automation systems are effective for deep diving into pools of employee data to derive important insights. Automation software typically help office administrators to bring out insights from vast amounts of data to enhance employee happiness round the year. 2. Recruitment Process - Recruitment is one of the toughest and most gruelling process for any business. For checking through the vast ocean of applications can keep the human resource department stalled to their desks for days, or even weeks. Automated recruitment tools can come handy in this regard for reading through applications at a rapid pace, searching for specific keywords to quickly identify the best candidates from thousands of applications. Automated hiring and recruitment tools typically deploy AI to reduce the time taken for screening and hiring candidates. 3. Meeting Scheduler – At both big and small offices, arranging meetings can be a hassle. Right from scheduling a meeting, finding the right space for the meeting to ensuring the right people are present in the meeting – it is a tricky process. Meeting scheduling tools are capable of putting an end to the tedious process as it can easily compare availability and find a time that suits everyone, even incumbents who are in different time zones. Based on industry research, it is safe to say that automation in administration of employees, policies, and procedures in both regional and global capabilities is the key to unlocking significant value from office administration processes. Our related post: What are the applications of Global Human Capital Management Market? What are the major trends in the global human capital management market? Global Human Capital Management Market In a population of over 1.2 billion, the penetration of diseases is high as a majority of the population is outside the reach of effective healthcare or cannot afford it. Nonetheless, the government has come up with several initiatives to ensure healthcare becomes cheaper and accessible for all and as a result, the pharmaceuticals and healthcare industry in India are likely to grow. Talking particularly about the Bio-pharmaceuticals industry in India, the market is ripe for growth and with many advancements in technology taking place, new and improved versions of biomedicines to cater to life threatening diseases are being worked upon. Let us take a look at some of the upcoming trends in this space. 1) Believe it or not, but currently India is responsible for supplying nearly 80% of the anti-retro viral drugs used globally to combat AIDS (acquired immunodeficiency syndrome). 2) The country’s generic drug producers hold a very strong position and are responsible for maintaining the global supply chain which plays an integral role in developing the pharmaceutical industry worldwide. 3) India’s regulatory policies support 100% FDI through automatic route in Greenfield as well as brownfield project approvals for the Bio-pharmaceuticals industry in India as well as the world. 4) More than 200 countries in the world depend on Indian export of pharmaceuticals produce to sustain their healthcare needs. 5) As soon as branded drugs started going off patent since 2017 and continues to be so till end of 2019, India’s export of generic drugs has more than doubled and is catering to a large [part of demand that comes from the United States. 6) Given India’s regulatory environment which allows the pharma sector to breathe, developed countries are increasingly investing in Indian pharma sector in order to sustain their business, which is suffering due to strict regulatory pressure in their own countries. There are several other factors that make the growth opportunities of the Bio-pharmaceuticals industry in India high. We will discuss them in our upcoming blogs. Processed food is exactly what you think it is – fast foods, deli meats, sugary soda, chips and all the stuff that’s not good for you. Oddly, there are a few options that aren’t all that bad – they’re just preserved well and are a good choice is you want to eat clean and healthy on a budget. Some processed foods are good for you; they’re simply called so because they’ve been packaged, changed or prepared before being sent out to the retail shelves. To be precise, they fall into the spectrum of minimally processed foods in the US Packaged Dry Beans Market and you’ve probably already eaten some of them. These are your dry beans, salad mixes, frozen fruits and veggies, and even roasted nuts. Think of them as intermediary foods, something that you need to prepare first and then eat, and is much healthier than foods that have been ultra-processed or the ‘ready to eat’ variety. Processed foods can contain added ingredients like preservatives, sweeteners, colours, and oils. Others might be fortified with nutrients like vitamin D, fiber and calcium. But the healthiest are the foods that have simply been prepared for convenience like beans like peeled, shelled and chopped and packaged so that they last longer. In many instances they might be safer too, as they haven’t been over handled and have received as little of it, to ensure purity for consumption. Such as canning fruits and veggies, pasteurizing milk, vacuum packing meats, and seafood to prevent bacteria or spoilage. This can even be done with foods that are organic and natural. Dry beans are popular as they are relatively unprocessed, as raw and natural as it gets and can be used in several ways. Not only are they a big part of the all-American diet, but they’ve also been peeled and prepared beforehand and are a convenience for many busy consumers. Our related post: What’s in store for the future of US Packaged Dry Beans Market? According to a market research studies, the Indian medical devices market was valued at INR 338.62 Bn in 2017, driven by rapid development in healthcare infrastructure in the country, and rise in the number of lifestyle related diseases like hypertension, diabetes, asthma, etc. Moreover, the Indian government, in partnerships with several private organizations, have undertaken a number of initiatives to improve the condition of public health within the country. These initiatives from both public and private enterprises are driving the growth of the healthcare sector, which in turn is favouring the medical devices market in India. Advancement in the healthcare sector has yielded huge success in the treatment and elimination of certain illnesses and diseases in India. Over the years, the healthcare industry has witnessed the development of several medical devices that aid both patients and the medical professionals in providing efficient health care services. The sector has been recognized as the "Sunshine Sector" under the Make in India initiative undertaken by the Indian government in 2014. The main objectives of this initiative are to promote and increase foreign direct investment (FDI) and domestic investment in manufacturing of medical devices in India. Indian government’s promotion of FDI has helped upgrade the technology used in this sector, which in turn has raised the standards and quality of healthcare. Moreover, career opportunities in this industry is also looking bright as all major players are intent on offering career planning programmes, development and training programmes, benefits to employees, which bodes well not only for the healthcare sector but also for the overall economy. Notwithstanding the impressive outlook on this sector, there are certain underlying challenges that can hurt the industry going forward. Challenges in the form of regulatory reforms with respect to foreign investments can cause significant hindrance to the progress of this industry. Our related post: Inconsistent regulatory changes causing unrest in the Medical Devices Market in India Why are domestic players of Medical Devices Market in India unhappy after GST? What registration process does the Medical Devices Market in India follow? We buy everything from clothing to appliances online, so why not our groceries too? In fact, people are doing just that and have helped build a formidable Online Grocery Market In India valued at INR 1,034.13 Bn by 2023 – and those buyers can get everything from fresh fruits, vegetables, dry fruits, meats, baby and personal care products even household items too. Owing to the kind of variety, conveniences that it has to offer, there are many online grocery stores available. So once can imagine that this place will get crowded in a very short time and in order to compete, retailers and the online grocery supply and distribution partner has to make this easier for their buyers if only to hang onto them. This includes making it easier to browse, do a quick comparison shop, and eventually make purchases as well. But there is some method to this chaos, let’s check out some key facts as to why a consumer would prefer to buy their groceries online. First, they get the products delivered to their doorstep directly. This aspect of the business was created keeping in mind conveniences that the consumers look for at the end of the day. Everything that they ordered for reaches their location as determined by them and mitigates the hassles of getting the products on their own. Consumers want choice, and in this field, it’s no different. Big online grocers make use of an app that lists out all of the items they have for sale and users can simply browse through everything, and pick out their choice of items – so they are offered variety and can choose from brands that they trust. An obviously, when they can view things from an app in the comfort of their homes, office desks and have their items delivered to them, consumers gain value in the form of time saved, convenience and the assurance of quality as well. Our related post: What lies ahead for the online grocery market in India? Why the Online Grocery Market in India is set to go big in the future? Decoding the growing popularity of Online Grocery Market in India |
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