Frost & Sullivan Podcasts

Topic Discussed : 2019 Global Economic Predictions

Speaker : Aroop Zutshi

Global Growth to Dip to 3.5% in 2019, with Dip to 3.3% if Trade Wars Intensify

The world economy is expected to enter a period of slowdown in 2019 amidst pressures from trade wars, higher interest rates, and emerging market capital outflows. Business in the US and China are expected to continue to face pressures from trade wars and are expected to deal with higher import costs by passing costs to consumers, relocating production, or pursuing layoffs.

Frost & Sullivan invites you to join Aroop Zutshi, Global President & Managing Partner; Craig Parker, Research Director; and Neha Anna Thomas, Senior Economist, as they provide insights into the global and regional economic outlook for 2019.

Key Takeaways:

Identify and learn more about the top 2019 global economic predictions

Learn more about the 2019 GDP growth trajectory for key advanced and emerging economies.

Understand the key economic risks shaping the regions in which you operate.

Engage in an interactive Q&A session with Frost & Sullivan experts.

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council

Email us at [email protected]. Thank you for your time.

Related Keywords: Frost & Sullivan, Oil, Interest Rates, Economics, Emerging Markets, Brexit, Predictions, Global Economy, United States, NAFTA

Website: www.frost.com

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Topic Discussed : Future IoT Growth Opportunities in Colombia

Speaker : Gina Sanchez

With Ubiquitous Connectivity Becoming a Global Norm, IoT is a Reality with a Potential Market Size of $523.7 Million in 2022

IoT is at the beginning stages of its growth. Because it offers the ability to capture and leverage data across virtually every aspect of the human experience, its potential is enormous. Organizations that do not yet have IoT on the drawing board must figure out what the IoT looks like, where it fits, and its real-world issues and benefits as they weigh their decisions about deployment.

Frost & Sullivan invites you to join Gina Sánchez, Senior Consultant, to gain insights on the current status and future growth potential of the Industrial IoT market in Colombia, the factors that drive and restrict the market, success stories, and projected growth rates until 2022.

Key Takeaways:

What are the key verticals in this market?

How will the revenue shares of the hardware, software, services, and connectivity segments change?

What are the top three drivers for IoT investments?

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council

Email us at [email protected]. Thank you for your time.

Related Keywords: Frost & Sullivan, IoT, LATAM, Industrial IoT, Investments, Hardware, Big Data, Analytics, Machine Learning, Device Connectivity

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Topic Discussed : The Next Frontiers of Value-based Care

Speaker : Shruthi Parakkal

Key Takeaways : 

Healthcare systems are in transition.

Value-based healthcare as a concept has been around for several years now. 

The podcast discusses how healthcare industry stakeholders and market participants can enable healthcare systems transitioning to value-based care.

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council.

Email us at [email protected]. Thank you for your time.

Website: www.frost.com

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Topic Discussed : Delivering Healthcare in the Smart Home of 2025

Speaker : Siddharth Shah

Key Takeaways : 

Why smart homes are suited for healthcare delivery?

What application segments emerge from the use of smart homes for health monitoring? Which ones are the hottest segments currently?

What barriers prevent this sector from developing?

What kind of potential exists for this sector in the future, and for all healthcare delivering entities - from hospitals, to OEMs, to payers?

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council.

Email us at [email protected]. Thank you for your time.

Website: www.frost.com

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Topic Discussed : Coatings, Adhesives and Sealants Market in Automotive & Transportation Industry

Speaker : Christeena Thomas

Key Takeaways : 

The global automotive refinish coatings market is expected to grow at a low to moderate rate during the coming 5 to 10 years period as the demand from developed countries of North America and Europe is expected to be on the decline due to significantly lesser number of road accidents year on year. Increasingly improving technologies for car safety systems result in reduced accident rates restraining the growth of the market. Moreover, higher growth of independent body shops and multi-shop operators (MSOs) that use lower end refinish coatings restrains the revenue growth of the market. With a constantly evolving regulatory landscape, adopting a more environmentally sustainable and regulatory-compliant product formulation is expected to drive the revenues for automotive OEM and refinish coatings globally. 

On the other hand, the global aerospace sealants, adhesives, and coatings market is expected to experience increased growth during the same period as the demand for new and refurbished aircraft is on a rise, especially in the developing countries of Asia-Pacific (APAC) and Latin America. The global defence aviation market is also anticipated to witness considerable growth during the forecast period due to increased international tensions and rising concerns about national security contributing to the overall growth of the said materials. Additionally, high growth in demand for commercial air transport drives volume and revenue growth of aerospace adhesives and coatings in both Original Equipment Manufacturer (OEM) and Maintenance, Repair, and Overhaul (MRO) markets. Establishing a strong product portfolio is now key to attracting customers that are focused on higher durability, lower weight, and environmental sustainability in both aerospace and automotive end-use segments.

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council.

Email us at [email protected]. Thank you for your time.

Website: www.frost.com

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Challenge Discussed : How will Robotics change our Future Forever?

Speaker : Sharmila Annaswamy

Key Takeaways : 

So, what is going on in the robotic market?

Recently, the dynamic robotics market witnessed rapid transformations, making it an imperative tool for enhanced productivity and quality in the industrial world. Some of the key changes include collaborative robots, efficient gripping mechanisms, intuitive 3D vision systems, and artificial intelligence capabilities.

These technologies have not only enabled the robots of yester-years to become more agile, but have also enhanced the way in which a robot perceives the world through its peripheral systems such as, vision and gripping system. Today’s robots are a result of these technologies, which have made them more collaborative and less appalling to its human counterpart. It is important to note that, this phenomenon has resulted in the development of new applications where man and robot can work hand-in-hand without the fear of personnel safety.

Here are some basic questions we will tackle now. What’s in store for the global industrial robotics market? Which region is expected to emerge as a leader in this space?

1. This market is forecasted to double in value to reach about 70 billion dollars by 2023, growing at a compound annual growth rate of 8.1%. Interestingly, China is expected to lead the race, with an estimated consumption of 110,000 industrial robots and will emerge as a robot manufacturing powerhouse by 2020. With the “Made in China 2025” initiative, robotics will become a key partner to transform China into an advanced manufacturing powerhouse.

2. Collaborative robots are now available at a much lower price than traditional robots, quickly emerging as the preferred choice for price-sensitive economies in Southeast Asia. This will subsequently drive the global volume consumption of industrial robots at a CAGR of 14.4%.

What about IIoT?

1. With new business models aimed at market penetration and faster payback, IIoT will widen market opportunities for industrial robots. For example, Big Data Analytics and cloud computing allows robot manufacturers to track and attend to a faulty robot via the internet from any remote location around the globe. Isn’t that simply amazing? This dramatically reduces robot downtime and saves cost. With similar data collected from all over the world, the robot manufacturer is able to identify repetitive issues and get customer feedback in real time.

2. Another interesting use case of artificial intelligence in robots is creating a self-healing system. Doesn’t that sound exciting? This self-healing system requires the robot to be connected to a cloud database, where it can search and identify solutions to its own errors without summoning the maintenance team. These features will play a vital role in enhancing the availability and performance of robots autonomously , leading to a self-sufficient shop floor, where human intervention would be required only to make critical decisions and for hardware support.

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council.

Email us at [email protected]. Thank you for your time.

Website: www.frost.com

Challenge Discussed : Microbiome technologies have been increasingly leading several industry transformations and 2019 will witness many new developments in this space. Frost & Sullivan believes that the growing research across microbiome science will deeply impact several industry sectors in the coming years.

Speaker : Vandana Iyer

Key Takeaways :

What is the direct impact on the pharmaceutical sector?

1.   OTC probiotics - gut health –for while

2.   Novel microbiome-based therapies for gastrointestinal disorders are likely to emerge this year

3.   There’s a close competition between Seres Therapeutics and Rebiotix, as both advance their phase III orphan drug candidates for the prevention of clostridium difficile infection (CDI). Industry experts are sure to watch this space closely for any upcoming regulatory approvals.

4.   Interestingly, genetic engineering platforms have caught up with skin microbiomics. Azitra is one of the niche players that is not only looking at leveraging skin microbes and active microbial derivatives to enhance skin health, but also looking to engineer commensal bacteria to express therapeutic proteins.

Moving on to the skin care industry…

1.   Whoever said that beauty was skin deep was not completely wrong, because science reveals that skin health can be altered by the composition of tiny micro-organisms that are present on the surface on the skin. There are several emerging personal care companies that are leveraging microbiome science to make groundbreaking new personal care formulations - defy aging, while also improving skin moisture control. Emerging European start-ups, such as Gallinée, are sure to be growing competitors for the long established luxury cosmetic brands.

2.   You’ll be pleasantly surprised to know that the use of oral microbiome-supplements can also enhance skin health. The microbes are surely going to help redefine skincare by shifting the spotlight towards overall skin health.

What about Microbes in the F&B space?

1.   Consumers are also increasingly aware about the rising importance of microbiome in human health and wellness, so, it is not surprising that there is a growing demand for healthy F&B products.

2.   Ganeden’s BC30 strain has been used in a wide range of sweet and savoury packaged food products, as well as in several hot and cold beverages.

3.   Recent research has revealed that the microbiome story also impacts mental health. Interestingly, there’s data that shows that non-live, probiotic-derived ingredients can also provide health benefits.

4.   Thus, microbiome-derived ingredients are poised to completely transform human wellness, much beyond the traditional digestive health space.

Finally, How will microbes influence indoor air environment?

1.   The most recent sector to get impacted by the microbiome wave has been the indoor air environment industry.

2.   Emerging industry participants such as BetterAir are looking to infuse indoor air environment with a healthy population of microbes to reduce the risk of asthma and allergic diseases.

3.   This trend is likely to have a greater penetration in the next few years as larger industry participants look to transform the traditional heating, ventilation and air conditioning settings.

It is quite evident from the above facts that the microbes are here to stay. Frost & Sullivan’s research will provide detailed technological insights on how these tiny micro-organisms can potentially lead industry level disruptions across the world.

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council by emailing us at [email protected].

Thank you for your time. Have a nice day!

Website: www.frost.com

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Challenge Discussed : Some of the key challenges the utility industry faces today are falling revenues, rising emissions and redundant customer engagement strategies. So what’s the silver bullet utilities need to address these challenges posed by the industry?

Speaker : Naren Pasupalati

Key Takeaways :

Demand Response: Demand Response is a strategy adopted by utilities that temporarily changes the final electricity consumption by Demand Resources in response to market supply or reliability conditions

If utilities fail to leverage the opportunities provided by Demand Response strategies, they would have to continue to invest in expensive peaker plants that function for just a fraction of time in a year (mainly during peak events) and would otherwise be shut. This would cause unnecessary costs to the utility that would be eventually transferred to the customer in the form of high tariffs. Also with peaker plants mainly fossil fuel dependent, it would also significantly add to the country’s stock of emissions.

So by adopting a relatively inexpensive technology solution such as DR, utilities can mitigate large infrastructure expenditure and improve customer engagement by creating avenues for cost savings.

Based on our research, the North American region is the largest market for DR programs in the world closely followed by Europe. However, the APAC region, driven by rapid smart meter deployment, is considered an emerging high growth market. 

The research also looks at growth opportunities such as the electrification of transportation and blockchain. For e.g. Electric vehicles are increasingly leveraged as a key DR resource. Several service providers are beginning to integrate V2G and DR strategies that help stabilize emergency peak demand events.

The research also explores how demand response strategies can leverage blockchain technology to address energy demands at peak events. Blockchain-based DR solutions that will enhance real-time event validation, financial settlements and will ultimately determine the success of DR programs of the future

On that note, I hope you enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council.

Email us at [email protected].

Thank you for your time

Website: www.frost.com

Challenge Discussed : Artificial Intelligence seems to have a large-scale impact on radiology – but what really is the market opportunity, the size of the market, and what stands in the way of achieving adoption?

Speaker : Sid Shah

Key Takeaways :

·        AI is important for radiology today. It’s evident because there are more than 100 startups active in this space until 2018, and every major medical imaging company is also betting on AI. Radiologists too, have now moved beyond the question of whether AI will replace them. They know that’s not true. Instead the question being asked is, how can it help me, and how will it make my work easier?

·        As I discuss the economic ROI for the industry as a whole, I hope you will be able to view the entire space with a new lens.

·        Before I begin, a quick background – we forecasted the global market for AI in radiology as close to $1.5 bn by 2022. Another firm’s estimate pegs the global value at about $2 bn or so.. This value in billion dollars in just 3-4 years might raise eyebrows for you, and raise new questions, but let me propose a different way of looking at it.

·        Let’s take a step back, and look at the ENTIRE medical imaging space. The entire market of medical imaging services – including professional services, diagnostic and imaging equipment, imaging informatics and everything else accounts for more than $250 bn in 2022. Now as I build this story, hold that thought in your mind – the figure of $250+ bn in 2022.

·        The second part of this story is this: if we look at the total revenue for AI in radiology, and add up all annual revenues up to 2022 – the total comes to approximately $3 bn.

·        There are a couple of takeaways here. First, think of the $3 bn value, in view of the larger $250 bn value – it’s barely over 1% of the total industry size! So that value shouldn’t really raise concerns on a major disruption.. Sure there’s disruption – but in the good way of how a radiologist can actually utilize AI.

·        Now for the second takeaway. If the $3 bn cumulative is what the AI vendors will earn, it is the same amount of money that radiology organizations will spend. I hope that’s clear – I’m looking at the flip side – revenue for the vendor, is the spend for the provider. So let’s deem that $3bn value as an investment that providers will make. But what will be their ROI, from investing $3 bn in AI technologies? So we built some assumptions here – AI holds the promise of two kinds of savings for providers. One around productivity and efficiency, and another around diagnostic accuracy – I’m obviously over simplifying this for the sake of explanation. But based on this, we estimate that providers would, cumulatively, save north of $15 bn until 2022. That’s more than a 5x ROI for the providers…

·        Of course, we have challenges today on actually measuring those savings – primarily because we don’t use any kind of metrics to measure efficiencies to compare them post-AI implementation.. So how do you really measure those savings.. And this would be important in convincing the radiology organizations to invest that $3 bn in the first place.. A major problem statement withholding the growth of the industry is adoption – especially because there are questions around reimbursement by insurance companies, and then without that major factor, what business models for vendors will work, which ROI justifications for hospitals would work are all unknowns as yet.

·        This discussion is definitely not something that can be sorted out in one podcast, there’s much more to all of this. But at the end of the day, AI is being developed, it is being adopted. There’s more to it than just image analysis.

·        Ultimately there are growth opportunities for the industry. The most logical one that emerges is around automating and accelerating manual image analysis tasks.

·        And another one from the ten we have, is that of the AI development services – when its AI, you need data to train it. But that data must be extracted, curated, anonymized, annotated, and then build the AI algorithm and validate it, and the vendors who offer these services can benefit from this trend!

On that note, I hope you have enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council by emailing us at [email protected].

Thank you for your time, and Have a nice day!

Related Keywords :

Artificial intelligence, AI, augmented intelligence, ambient intelligence, anatomical intelligence, assistive intelligence, applied intelligence, deep learning, machine learning, computer vision, medical imaging, radiology, CT, MRI, XRay, ROI, savings, startups, use cases, revenue forecasts, market size, growth opportunities

Website : www.frost.com

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Challenge Discussed : Healthcare and Life Science industry in particular has been slow to ride the wave of digital transformation.

But 2019 will be promising and witness a rapid transition with the wider acceptance of virtual care, value based care and disruptive technologies.

Speaker : Khushbu Jain

Key Findings- Personalized Medicine, Predictive Analytics, Decentralized Healthcare, Reimbursement Headwinds, Data – Driven Healthcare

Predictions- Drug Discovery, Clinical Development IT, Bio-analytical, cGMP, oncology, rare diseases, neuroscience, Liquid Biopsy, Big Data, EUIVDR, PAMA, Connected Lab  

Technology to Watch - Digital- IIoT, big data and analytics, AI, and cloud systems  

Growth Opportunity - CANCER IMMUNOTHERAPY; CELL BANKING; SINGLE USE IN BIOLOGICS MANUFACTURING; NGS; LIQUID BIOPSY; POINT-OF-CARE TESTS; GENOMICS

Pharmaceutical & Biotechnology; In-Vitro Diagnostics (IVD) & Research Tools, Healthcare IT, Life Sciences Business Trends,Life Sciences Technology Trends

Key Takeaways :

Well, It is true that it takes decades for complete transition and a trend to set in, for it to become the norm, but the foundational elements that signal the shift are taking shape today.

We are more cognizant of the rapidly declining return on investment on R&D and growing complexity with precision medicine catering to selected population groups.

We are more cognizant of the fact that healthcare is shifting from treatment to wellness and patients are increasingly becoming the pivotal decision makers.

We, within the industry are experiencing the huge impact of non-traditional competitors and how technology companies are upending the way we function.

Collectively, these trends create a mandate for life sciences companies to become more efficient, nimble, and patient-centric in 2019.

Acknowledging these challenges is not enough, we need to ask the next logical question- what next and how do we stay ahead of the curve?

The first reality is that the companies will have to embrace digital-first mindset and change everything from the way R&D is conducted, to how clinical trials are designed, to how new products are commercialized.

Companies will have to whole-heartedly embrace Cognitive, artificial intelligence, multi-omics and real world data at every single step to extract the full potential of digital revolution.

Secondly, companies will have to recalibrate their M&A strategy on two fronts- A) focus on building the depth of the portfolio through acquisitions and B), embrace new types of partnerships and collaborations.

Life Science companies will have to increasingly foster and support the start-up 2.0 ecosystem and forge unconventional partnerships with them.

But more importantly it is the incorporation of the patient voice throughout the lifecycle of therapy development, which will propel growth in 2019.

Against the backdrop of these imperatives we dive deeper into more specific and immediately realizable growth opportunities in our 2019 outlook for the life sciences industry.

We discuss specifics of Virtual Clinical Trials and how it is Challenging Traditional Vendors, we identify opportunity in Single-use Technology and its ability to Enable Decentralization of Cell & Gene Therapy manufacturing, we dive deeper into Growth of direct to consumer genetic testing Market, liquid biopsy and IVF in APAC region.

There are several intrinsic and extrinsic challenges that are altering conventional ways of doing a business, but the good news is there are just as many opportunities.

The key for the life science industry is to make use of ongoing breakthroughs in the fundamental science behind diagnosis and cure, leverage innovation from our cohorts and keep an eye out for opportunities that surface.

Even incremental changes in 2019 can pave way for monumental shifts in the future.

On that positive note, I hope you have enjoyed this session.

Please join us for future podcasts and become a member of our Leadership Council by emailing us at [email protected].

Thank you for your time. Have a nice day!

Website: www.frost.com

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