New York City, NY, 30 December, 2019/ 24 Market Reports: It is estimated for the biological imaging reagents market to grow from USD 13.3billion in 2018 and reach USD 27.5 Billion by 2027 witnessing the growth at a CAGR of 8.1% during the forecast period of 2018 to 2027. Delivering of better quality images and precision in the detection of illnesses made possible, particularly in the early detection and diagnosis of cancers are the factors that are driving the growth of the market during the forecast period.
Better visualization and more precise images are the advantages of multimodal imaging over single modality that are contributing to the growth of the segment. The introduction and incorporation of newer technologies and tools, particularly that use multiple imaging techniques, have gained purchase in the larger imaging landscape.
The increasing number of chronic diseases is the factor that is driving the growth of the market during the forecast period
The high prevalence and increase in the incidence rate of different chronic diseases such as cardiovascular diseases, different forms of cancer, diabetes, and neurological disorders are the factors that are driving the growth of the market during the forecast period. Increase in the number of diagnostic imaging procedures is also boosting the growth of the global biological imaging reagents market during the forecast period.
North America and Europe regions to lead the global market throughout the forecast period
In the year 2018, North America and Europe accounted for over two-thirds of the total share in the global biological imaging reagents market and it is estimated for the trend to continue over the forecast period. The sheer number of tests being performed in these regions, coupled with increased awareness and concern for early-stage disease detection in the regions has been boosting the growth of the market during the forecast period.
Improved healthcare infrastructure in APAC and Latin America is driving the growth of the market in these regions at a significant rate
The rising incidence of chronic diseases and illnesses in developing regions such as APAC and Latin America is also influencing the growth of the global market in these regions. The improvement of healthcare infrastructure in these regions and players’ increased focus on research & development activities are the factors that are driving the growth of the market in these regions during the forecast period. Increased focus on research & development activities is been done by the manufacturers is been resulting in the growth of the market at a rapid rate.
The following are the major objectives of the study:
- To define, describe, and forecast the biological imaging reagents market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the biological imaging reagents market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for biological imaging reagents market and their future potential during next decade?
- How competitive landscape is evolving in biological imaging reagents market?
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