Augmented Reality Healthcare Applications-Ken Research

Introduction: The medical task of surgery is one of the most complicated and intricate tasks performed by human beings. The high pay grade that surgeons have is due to the intense requirement of medical knowledge and high level of dexterity medical professionals need for surgery as the level of risk in surgery is incredibly high. The initial process of surgery worked using cadavers and fake human bodies which were mimicked and made to scale for the purpose of education and practice for surgeons but the increasing number of medical students coupled with the increasing demand for specialty surgeons capable of handling delicate tasks, especially in third world countries where there is not enough resources or financial capital available for first world healthcare, needs to be addressed to provide a healthcare solution that is feasible and is financially sound allowing for maximum accessibility and affordability for the healthcare markets. Research from Healthcare Market Reports Consulting indicates the solution to be Augmented Reality.

Augmented Reality: Augmented reality is a recent technology breakthrough introduced as a complimentary partner to virtual reality. The technology began primitively with the introduction of sprite imposition by pinning virtual objects on the environment that a user rendered through their camera. The movement and environment, both worked in real time, allowing the user of the AR to experience a semi simulated reality experience which was put into their real world environment. The major use of the technology so far has been in Gaming, Precision Engineering, Skill training and technical proficiency based fields like engineering and virtual design. The platform has grown to incorporate higher functionality, accuracy and a better environment for precision and real life imaging and graphics allowing it to enter into multiple new fields of which healthcare is one of the main ones.

AR in Healthcare: Augmented Reality has a variety of applications in healthcare. The technology has been evolving over the past few years and increased investment into research and development has led to more advanced instruments being used to implement the technology. The primary application of Augmented Reality is in the field of training for medical professionals. The technology is used to give them information of diseases, understanding complex structures and components of the human body, simulating a virtual environment of difficult situations which they may need to handle, and in analyzing patient health and conditions. The application of AR has already begun in hospitals aiming to apply the technology to decrease the risk involved with a procedure and increase the accessibility to information that doctors would have. In March 2018, Texas surgeons were the first ones to use augmented reality to perform a minimally invasive surgery procedure. The surgeons used the tech to plan a path for the surgery, display the structures needed to be operated on for better view and present an overall endoscopic view of the body. The success of the procedure led to increased confidence in the adoption of the technology and has put an emphasis in the potential that Augmented Reality has to redefine the field of medicine.

Market Scenario: North America is expected to dominate the global augmented reality in healthcare market size, owing to rising awareness and growing demand for augmented reality in this region. Moreover, technological advancements in augmented reality are also accentuating market growth in North America. Europe is the next most-dominant market for augmented reality in healthcare market. On an average, Europe spends over 8% of its GDP on healthcare.

Opportunity: While Augmented Reality is a technology that is still evolving and requires a significant amount of effort and investment for it to be implemented on a large scale, highly advanced facilities have already begun adopting the use of AR for basic procedures and the expectation is that the rate of adoption will increase. The technology has a potential of providing doctors with information in real time, showing a visual model of their procedure when combined with optical sensors and on a large scale, integrated with communications technology, Augmented Reality can allow accessibility for third world economies to medical professionals globally and can further be used to provide first world medical services to emerging economies.This would result in a major decrease in the high mortality rate of countries like those in the African and Asian Sub continent. The availability of medicinal technology and medical expertise on a large scale globally can be facilitated through the use of Augmented Reality based technology.

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Related Report:
https://www.kenresearch.com/healthcare/general-healthcare/india-online-healthcare-products-market-research-report/652-91.html

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Ready to Assemble Furniture Market Outlook: Ken Research

Introduction: Ready to assemble (RTA)furniture is a concept introduced roughly around the 1850’s which allowed for two primary benefits- the reduced cost of labor as assembly was expected to be done by the customer, and a reduction in the requirement for space as the furniture was shipped as parts and not as the finished product. This reduction in labor and space became a favorable trend for manufacturers which was expected to be continued in simplistic component based furniture. Another major benefit in using ready to assemble furniture was that there was a shortage in manufacturing time as well. The reduction in time requirement and the cost saving from reduced requirement for space and labor led to manufacturers attempting to maximize the sale of ready to assemble furniture, primarily for low margin products which would boost profitability. High value furniture which earned a premium for manufacturers would not usually be ready to assemble as the price of the furniture was quite high and did not justify the need for reduction in cost of delivering and manufacturing. Although the RTA concept did not work with premium customers, the reduced cost of furniture due to the need for customer assembly was highly accepted by low and middle income customers who could now manage to afford better quality of furniture just by assembling it themselves. This began the trend of assembling furniture for cost savings for consumers and manufacturers.

Market Overview: The ready to assemble furniture market is growing steadily. The market, which was valued at over USD 10.5 Billion in 2014, has grown to USD 11.8 Billion in 2017 and is forecasted to grow to over USD 16 Billion by the year 2025 as per the most recent Furniture Market Research Reports.  The growth of ready to assemble furniture is primarily attributed to the growing needs for functional and effective furniture at a lower price for low and middle income households. Another key driver is the increasing trend of Do It Yourself market participants towards assembling their own furniture. Given the growing need for functional and economic furniture which can be fit into smaller households and still is a low cost for consumers, there is a major need for furniture that is sturdier and is capable of usage for longer periods of time. Ready to assemble furniture is primarily purchased on the basis of utility. The sales channels usually is through direct manufacturer sales as a majority of categories of RTA furniture are sold directly. RTA furniture covers almost all sub categories of furniture ranging from tables and chairs to more sophisticated furniture like book shelves, work desks and sofas. The increasing popularity from the industrial side is owing to the level of cost savings that is availed by major manufacturers on manufacturing and transportation. This is vitally important for furniture which is sold to low and middle income households where the profit margin for the furniture is considerably low. 

Opportunity: There is growing need for viable providers of ready to assemble furniture which is at lower cost. The market is currently dominated by players like Sauder Woodworking, Dorel Industries, Bush Industries, Inter, IKEA Systems, Tvilum, South Shore, Whalen Furniture and  Homestar. The major player being IKEA leading through its reputation for consistently lowering furniture costs year on year. There is an opportunity for furniture providers capable of delivering superior design and better functionality at a competitive price. Considering the major value offering is functionality and cost, there is not significant differentiation in the RTA market, providing an opportunity for new manufacturers with innovative and cost effective designs for ready to assemble furniture to benefit from

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The consequences and market impact of the Israeli housing bubble: Ken Research

Introduction: There has been growing concern among industrial experts working in Real Estate Industry Research firms tracking the Israeli housing market over the past decade to the growing prices of homes and the increasing rate of rent in Israel. Home prices and Home Rent rates in Israel have skyrocketed over the decade providing an economic boom for the real estate sector and the economy at large. Finance Minister of Israel, Moshe Kahlon attributed that construction leaped from an annual average of 30,000 units built in previous years to 130,000 as of 2018. The growing home value saw increased investment through debt, exponentially fueling the level of credit which was being issued towards the real estate market, exposing banks to higher levels of risk. Credit as a % of the housing loans have increased from 43% in the early 2000’s to 52% as of 2017 showing a bigger amount of the capital entering the real estate market is on a credit basis which implies the majority of the money being put into the system is not actually there. Rates for inflation linked fixed mortgages have jumped from 2% in May 2015, to nearly 4% as of 2018. The increase in prices led to median home rates for a 3 Bedroom apartment in Israel being at USD 920,000. This is troubling for an economy where the median income is USD 35,000. The increasing prices and growing population concerns among political and economic agenda propelled by politicians and financial institutions could soon lead to turmoil in the Israeli housing market causing a major dent in the economy for Israel and its partner nations..

Housing Spurt: From 1999 to 2007, house prices in Israel rose by just 19% while the CPI increased by 24% over the same period. House prices in Israel have climbed exponentially from 2007 to 2010. There has been a major growth between 2010 and 2017 as well. The housing price index which was at close to 250 in 2010 has jumped to over 400 in 2018. The Increase in demand for housing has been mainly due to growing accessibility between central employments areas like Tel Aviv and remote regions without much opportunity for employment causing large scale migration towards economically beneficial regions leading to an increase in property rates. Aside from the growing population the lack of government regulation on housing has led to massive levels of price inflation of homes. The threat becomes quite clear when considering the majority of mortgages are inflation linked making them as or more dangerous than Adjustable rate mortgages. The only beneficiary of the increasing inflation rates and prices being financial institutions and developers, there is a high possibility for financial turmoil in the Israeli economy. The effects are already being noticed as since the first quarter of 2017, there has been an increasing value in the housing market despite a constant decrease in the number of homes bought. The inflation rates and frequent revisions in property valuation have made Israel top the list in rising home prices for the year 2017.

Market Effect Beginning: Some 9,700 homes were bought in January 2017, while the monthly average for 2016 was between 9,000-10,000, aside from October, when only 4,700 homes changed hands. The percentage of homes bought by investors was 16%, similar to levels throughout 2016. However, the stock of apartments for rent fell 1,400 in January, as investors began to sell off their holdings. January’s figure of 9,700 homes sold is 5% lower than the number in December 2016, and 3% more than the figure for January 2016.The only distinct figure for January was a drop-off in the number of new homes sold. This was offset somewhat by sales of second-hand homes and sales by investors.

Conclusion: If the housing market does not correct itself soon, there will be a major financial crisis in Israel. There have been measures taken by the government in 2018 to begin “cooling the market”. This includes boosting purchase taxes, and adding an extra levy on owners of three or more apartments. That has helped lower the % age of investment transactions from 40% of the total pool in early 2016 to about 15 in 2017. The government, which controls most of Israel’s land, boosted construction starts by more than 10% in 2015 and 2016 to more than 50,000 annually, to address a supply shortage that many economists see as a major source of the price rise.

Key Factors Considered in the Report:

Real Estate Market Research Reports

Real Estate Industry Analysis

Market Research Reports for Real Estate

Real Estate Industry Research Report

Real Estate Market Research Reports Consulting

Real Estate Business Review

Real Estate Industry Research and Market Reports

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Life Data Economics: What Genomes Mean For Healthcare

Introduction: Two healthcare companies in the U.S have implemented using block chain technology to better understand and record gene sequences and appealed to create a new academic research field – life data economics. The companies are Nebula Genomics and Longenisis, both are firms working in Artificial Intelligence and Block chain technology for healthcare. Based on healthcare industry research and market reports these companies implement the usage of block chain technology for creation of a platform for management and trading of medical information on block chain data allowing their users to profit from their genomic and other types of clinical data. Nebula Genomics and Longenesis say that their work will establish two new fields. The first, “microdataeconomics,” is “the study of the value of life data that is used for drug discovery such as proteomics or data regarding the structure and activity of specific molecules, both in vitro and in vivo.” The second, “macrodataeconomics,” is “the study of the value of life data that is used to determine human health such as electronic health records and genomics.

Genomics: NHGRI defines genomic medicine as "an emerging medical discipline that involves using genomic information about an individual as part of their clinical care (e.g., for diagnostic or therapeutic decision-making) and the health outcomes and policy implications of that clinical use." Already, genomic medicine is making an impact in the fields of oncology, pharmacology, rare and undiagnosed diseases, and infectious disease. Genomics is a field of modern medicine that applies a patient’s genetic makeup to understand their body composition, further understand their medical structure and to personalize their treatment. The science works using the structure, mapping, and analysis of an organism’s genome, which is the complete makeup of their DNA. The field has so far been limited to genetics but is having increasing application in the field of health care and medicine by increasing the scope for personalized medical treatment for patients. Genomics is already driving a remarkable paradigm shift in health. In the last 15 years, the cost of reading an individual's DNA sequence has plummeted from hundreds of millions of dollars to around a few hundred to a few thousand dollars. Applications of genomics in cancer, rare disease and reproductive services are booming, with other clinical areas set to follow suit. In addition, joint ventures, mergers and R&D agreements relating to genomic technologies have grown exponentially in the past decade.

LDE: Life Data Economics is an experimental research field that applies block chain and heavy sets of patient lifestyle data to gauge the medical condition of the patient and further reveal trends that have led to specific diseases and conditions. The science has been petitioned to be made official by Nebula Genomics and if successful would allow for block chain health care providers to use artificial intelligence to not only record all aspects of a patient’s health, but also to analyze health and discover causes that were previously unknown to medical professionals. The application of Life Data Economics is that it also helps understand the extent of impact that a person’s lifestyle has on their physical health and well being.

Conclusion: The application of Life Data Economics is genuinely new, with the technology not even officially being in the introductory phase. But the potential the technology has presented is a game changer for the field of healthcare, medicine and IoT based healthcare. Not only is this a technology capable of tracking and understanding a patient and their lifestyle, but with enough time and data, and integration of artificial intelligence, the usage of genomic based LDE could lead to discoveries in medicine which were not possible before to know based on factors for disease and the type of medicine that would be more effective occurring at a rapid rate. The implementation of technology has had a major impact on the growth of almost every sector in the world. The future of industry is integration with the internet, the remaining aspect is the rate of adoption as the technology is still to be experimented and proven. As earlier, the time between researching an innovation and implementing it as a clinical practice was about 17 years, the rapid growth and increased investment into research and development, especially in the sector of medicine has shortened that time significantly allowing for companies to figure out better, safer methods to help with the health of patients as well as find new ways to improve longevity and physical well being.

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https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/us-health-insurance-market-research/263-93.html

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Fin Tech Potential for Cost Reduction in Remittance Market: Ken Research

Introduction: The global remittance market is worth over USD 600 Billion as of 2017 and is expected to be worth over USD 6 Trillion by 2030 based on information revealed through various Remittance Industry Market Research Reports. The growing requirement for remittance services, especially to facilitate economies in low and middle income nations is a top priority for financial service providers across the globe. Despite the increasing importance given to remittance transactions, there have been barely any measures working to curb the cost incurred for remittance based services with the remittance cost globally being around 7.3% against the targeted 5% globally. While there has been major cost reduction in selective regions with Russia having a remittance charge of about 1.7% and countries like Mexico and India having less than 6%, the major issue is for poor economic zones, primarily located in the African Subcontinent like Tanzania, Nigeria and Angola having rates up to 23%. Aside from these staggeringly high global averages, even in developed economies, there are instances of high remittance charges, for example, bank based remittance charge from Japan to China can go up to 38% of the transaction cost. Aside from the high cost, there is the increased risk of devaluation due to the foreign currency volatility when having the amount transferred being traded into local currency which can devalue the remittance amount if there is a increase in the value of the domestic currency relative to the foreign currency or vice versa which is based on the time and exchange rate indicated of the currency conversion process. These factors lead to devaluation of the amount received which cannot be afforded in low and mid income economies. 

FinTech: The emergence of financial technology services has integrated technology into  consumer side financial transactions exponentially. The companies which work as financial technology service providers have found easy ways of online payment, money transfer, verification of identity and have helped consumers in understanding the financial services market better. Online platforms have eliminated the physical need of a financial institution significantly. Even procedures regarding bank accounts can be handled through a digital device allowing bank account holders flexibility and accessibility like never before. This technology has major application into the remittance market.

Market Shift:  The global market around remittances is estimated to generate USD 616 billion in 2018 according to the World Bank. There is a multitude of financial service providers using technology to redefine the application into the remittance market. One such company, WorldRemit, a London-based, mobile-first remittance startup valued at about USD 670 million, which competes with the likes of Western Union and wants to grow its current customer base of 2 million to 10 million by 2020. The firm offers instant transfers to over 130 million, mainly “unbanked” individuals through mobile money accounts in emerging markets. More than 65% of its transactions are currently sent from smartphones, from about 50 countries to over 145 receiving destinations. Investment into remittance based development has grown significantly topping USD 800 Million in 2017 and reaching a value of over USD 350 Million for the first half of 2018 alone. Another major example of the Financial Technology disruption is the evolution of technology based remittance service in Malaysia. Remittance service provider MoneyMatch Sdn Bhd with 5,000 registered users has dealt with about USD 12.6 Million in transaction volume so far.  The company’s key benefit being the lowest remittance rates in the market for Malaysia. Traditionally, one would have to pay about 3-4% of the transaction cost for remittance services in Malaysia to Australia, with countries like South Korea, the rate goes up to 7% and more. The company changes this by charging a flat rate of USD 2 for all transactions to Australia, for example. Effectively the rates of the financial technology provider become on average, 10 to 12 times cheaper than traditional remittance providers. This is a major factor that driving growing adoption of mobile, fin tech based remittance in Malaysia and similar markets. The average transaction cost made through non-bank remittance service providers in Malaysia has been lowered to 2.96% as of April 2018. This is compared with the remittance cost of 12% in 2016. Another example being UAE where due to high service charges, about 80% of the inhabitants of the UAE are outside the financial system.

Conclusion: Curbing of costs is a major issue that exists in the remittance market which needs to be addressed and financial technology seems to provide an applicable solution. The integration of financial technology can effectively save over USD 15-20 Billion in transaction costs each year which would play a major role in assisting low and middle income countries which rely heavily on the money received through remittance to manage their basic expense and to grow their economy

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Thailand Biogas And Biomass Market Research Report : Ken Research

The report titled “Thailand Biogas and Biomass Market Outlook to 2022 - By Revenue Streams (Engineering, Procurement and Construction (EPC), Power Generation), By Biomass Industries (Bagasse, Rice husk, Rice straw, Bark, Bark, Lumber, Black liquor, Others), By Region” provides a comprehensive analysis on the Thailand Biogas and Biomass market. The report covers introduction to Thailand Renewable energy market, Thailand biogas and biomass market overview, major players in Thailand biogas and biomass ecosystem, Market size by installed capacity, Market segmentation by region (North, North-East, Centre and South), Market Segmentation by Industry in Biogas, Market Segmentation by fuel type in Biomass, Competitive landscape of major players in Biogas and Biomass segment, Growth Drivers, Restraints, Key Regulations Future Outlook and Analyst recommendation along with list of biogas and biomass projects.

The report is useful for equipment manufacturers, biogas and biomass consumable manufacturers and suppliers, environmental associations, EPC companies and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Thailand Biogas and Biomass Market Overview

Biogas and Biomass industry in Thailand registered a positive five year CAGR during 2012-2017. The market size increased from more than doubled in biogas from 2012 to 2017. Growth was also registered in Biomass segment. The growth was mainly driven by implementation and amendments of regulatory norms to push the use of biogas and biomass as alternative fuel. Increased demand for energy and rise in awareness about clean energy among the people has promoted the development of biogas and biomass industry.

Market Segmentation

By Region: North-Eastern part of Thailand is the biggest market for biogas generating companies accounting for a third of the market in 2017, swiftly followed by Central and Southern part. Heavy presence of a number of host industries was the key driver. For biomass, North- Eastern part of Thailand was the largest contributors with largest market share. It was followed by Central Thailand. Southern Thailand has the minimal share in both biogas and biomass market, but is expected to grow heavily in next 5 years due to special incentives provided by government to invest in that region.

By Industry: Thailand being an agriculture centric country has various industries which generate bio-waste. Tapioca Starch plants were the largest users of electricity generation from biogas. Sugar producing industries were the biggest producers of electricity from biomass. Biogas and biomass has become a major source of renewable energy and are being heavily targeted by the government due to high unutilized potential within the sector. 

Competition Scenario

Majority of the new contracts are in small scale segment which are garnered by big companies. Companies operating in EPC business in biomass and biomass market are also engaged in consultation, engineering services, equipment manufacturing also. Many Companies are targeting on construction of Very Small Power Plants (VSPP) and Small Power Plant (SPP). Asia biogas became the largest player in the biogas market in Thailand after acquiring Thailand Biogas Energy Company (TBEC).

Future Outlook

The market for electricity generation from biogas and biomass market is expected to grow positively between 2017-2022. Availability of new technology at low cost to small players is the major growth driver behind the growth of biogas sector. Northern Thailand market is expected to grow by small proportion in the biogas sector. The biomass sector has the biggest potential in southern provinces of Thailand which will grow in the next 5 years. 

For more information on the research report, refer to below link:

https://www.kenresearch.com/energy-and-utilities/clean-technology/thailand-biogas-biomass-market/149482-103.html

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Ankur Gupta, Head Marketing & Communications
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Thailand Biogas And Biomass Energy Market Will Be Driven By New Government Policies And Awareness About Potential This Alternative Energy Source: Ken Research

According to Ken Research report titled “Thailand Biogas and Biomass Market Outlook to 2022 - By Revenue Streams (Engineering, Procurement and Construction (EPC), Power Generation), By Biomass Industries (Bagasse, Rice husk, Rice straw, Bark, Bark, Lumber, Black liquor, Others), By Region” Availability of new technology at low cost to small players is the major growth driver behind the growth of biogas sector. In the biogas segment, northern Thailand is expected to grow the fastest among other regions, whereas in the biomass sector southern regions seem to have the highest potential.

Government introduced the Feed in tariff scheme (FiT) to boost the investments in the sector by opening up the market by competitive pricing.  

Biogas and biomass sector in Thailand registered a positive five year CAGR in last five years (2012-2017). Implementation and amendments of regulatory norms to push the use of biogas and biomass as alternative fuel are considered as growth drivers in the sector. Major water treatment companies included Asia biogas, KPN greens, SBANG, Association of 3. The market is largely dominated by domestic companies or Joint venture of domestic companies with foreign players. Majority of the equipments are manufactured domestically. Companies operating in EPC business in biomass and biomass market are also engaged in consultation, engineering services, equipment manufacturing also. Many Companies are targeting on construction of Very Small Power Plants (VSPP) and Small Power Plant (SPP). New government initiatives are the driving force behind upcoming investments in the sector.

Tapioca starch producing plants were the largest users of electricity from biogas in Thailand. North-Eastern part of Thailand is the biggest market for biogas generating companies accounting for majority of the market in 2017, swiftly followed by Central and southern provinces. Heavy presence of a number of host industries was the key driver. For biomass North- Eastern part of Thailand was the largest contributors. It was followed by Central Thailand.

The market for biogas and biomass is expected to register high growth as it has gained fresh momentum due to enhanced focus of the government. Demand for energy generation from biogas and biomass industry in Thailand will be largely driven by increased concern for environment, increased dependency for energy on neighboring countries, implementation and amendments of regulatory norms to push the use of biogas and biomass as alternative fuel. Increased demand for energy and rise in awareness about clean energy among the people has promoted the development of biogas and biomass industry.

For more information on the research report, refer to below link:

https://www.kenresearch.com/energy-and-utilities/clean-technology/thailand-biogas-biomass-market/149482-103.html

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https://www.kenresearch.com/energy-and-utilities/power/india-reactive-power-compensation-market-report/676-103.html

https://www.kenresearch.com/manufacturing-and-construction/real-estate/malaysia-green-building-market-research-report/502-97.html

https://www.kenresearch.com/energy-and-utilities/clean-technology/saudi-arabia-cleantech-energy-market/138231-103.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249