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Assessing the Market Landscape for Optical Components

The demand for optical components is expected to grow in response to the increasing use of smartphones and transmission of data.

With the implementation of automation across industries, the demand for high-quality optical components is on the rise. Owing to benefits such as reliability, safety, and simplified network operations, optical components find extensive applications in long distance communication. Also, optical components enable the seamless transmission of data throughout the network and are used for high-speed network infrastructure build-outs. Fiber optical cables are primarily used in optical system, due to their capability of achieving extremely high bandwidth.

The market for optical components is showcasing a significant growth with the need for advanced connectivity solutions such as cloud-based services and machine-to-machine (M2M). High installation costs and risk of cyber threats are few of the challenges restraining the growth of optical components market. With an understanding of the optical components market, Infiniti’s market assessment experts offered actionable insights into the market in terms of the segmentation, potential growth drivers, and challenges.

The Business Challenge

A leading manufacturer of acoustic products based out of China wanted to understand the market landscape for optical components with special emphasis on mobile and smartphone segments. The client was losing market shares due to increased competition from market leaders. The client also wanted to understand the market dynamics, assess and analyze current vs. future market development prospects, market size, and growth rate. An assessment of the market landscape helped the client identify potential growth opportunities, technology trends, and the target regions under focus.

Our Research Methodology

To assess the market landscape, our market intelligence experts carried out robust primary research comprising of 120-140 interviews and discussions with market participants such as camera module vendors, business executives, product experts, analysts, and buyers. Our market assessment experts also relied on syndicated research reports, mobile industry databases, sales and marketing reports, relevant websites, and company publications to perform a detailed analysis on optical components.

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Our Solution Helped the Client

  • Identify the key leading competitors in the camera module market
  • Develop a robust and defendable proto-type market sizing model
  • Build a logical metric which correlates with demands for target products
  • Identify and establish contacts with most relevant market participants

Benefits of Our Integrated Approach

Our market intelligence experts helped the client adopt effective marketing strategies for the growth of optical component market in China. Our industry experts performed a SWOT analysis on major vendors in the market. The client derived an in-depth understanding of the current and forecast of the camera module market. We assisted the client in benchmarking sales strategy, product strategy, technical advantages, and customer resources.

A must-read case study for strategy experts and decision makers looking for effective market assessment in the optical components market.

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Telehealth – Bringing Healthcare and Technology Together

Gone are the days when doctors made house calls. Today, hospitals can barely keep up with the growing number of patients, and some doctors are opting for MDVIP or Concierge Practice, where they only take on a small number of patients who can pay a premium for more individualized care. It is almost impossible to walk into a clinic without waiting, even in North America. In some places, the closest hospital facility may be 100 miles away or simply doesn’t have the proper resources. The age of technology and smart devices has opened the doors to a new, promising way to address healthcare that capitalizes on the connectivity of our world: telehealth.

Telehealth is defined as the use of technology or telecommunications to provide health services in the areas of health, medicine, and education. Telehealth has a host of applications, from being used to virtually diagnose a patient to providing general health instruction.

More than just a diagnostic tool

Telehealth utilizes all types of technology, and even allows patients to virtually interface with health professionals. This is a major development, as it can allow for much quicker diagnoses and make treatment far more efficient and streamlined. For example: an individual notices a questionable-looking mole and wants to get it checked out given his or her family’s history of skin cancer, but doesn’t can take off work for an appointment. With the use of telehealth, he or she can send a picture of the mole to a dermatologist and virtually discuss possibilities and concerns. The dermatologist can make a quick diagnosis as to whether the mole does in fact require a biopsy, or if the individual should just continue to monitor it at home. Not only does telehealth save time and money, but it also allows a professional to determine a health issue right away even if the patient cannot be physically present, which, in the case of something like skin cancer, can be critical.

Healthcare for all

One of the most important aspects of telehealth is its ability to make healthcare available to everyone, even those in rural, inner city, and impoverished areas, where, in many cases, it is easier to obtain a smartphone than it is to get proper medical care. Travelling to the nearest hospital or clinic can be expensive, not to mention the cost of the treatment itself. On the other side of the coin, building facilities and obtaining resources and proper staffing is incredibly costly, and usually isn’t an option for those areas already dealing with poor infrastructure and lack of funds.

Telehealth is also important for the elderly and those with disabilities, for whom travel is risky and challenging. If a patient requires regular treatment, telehealth allows for the remote monitoring of vitals and the gathering of the medical information needed to continue assisting the patient without them having to leave home.

Global education and resource sharing

Education is hugely important when it comes to healthcare. Many of the world’s health issues can be controlled or even solved with proper education and preventative care, but, unfortunately, millions of people still do not have access to what should be a necessity. With the help of telehealth, health education and resources can be made remotely accessible, no matter the location or language spoken. For those within the health industry, telehealth can be used by medical professionals across the globe to share research, communicate and formulate alternative diagnoses for complex medical cases. Further, in cases where a hospital requires a specialist who is not on-site, the specialist can join the team remotely from any other hospital or medical facility in the world. Telehealth is a comprehensive solution for any issues that come about because of lack of resources.

Telehealth, for sure, represents the future of healthcare, changing the face of the health industry as we know it. And, with the development of new and better technologies occurring at a rapid rate, the opportunity for telehealth will only continue to increase.

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