Medical Imaging reagents are chemicals that are used in imaging devices that aid in improvising images. These reagents help in detecting tumors and even tracing cancerous spots in a body. A biological process synthesizes targeted areas with the growing innovations and revolutions in medical imaging reagents.
Developing nations such as India, Brazil and China have undergone some drastic improvements and advancements in their healthcare systems and infrastructure. Secondly, they also have pressures from their rising population and aging population and the ever growing chronic diseases all of which have driven the need for adequate healthcare facilities in these regions. Owing to such circumstances, the demand for diagnostic equipment in the coming years is expected to keep rising. Additionally, cost- effectiveness and scalability are extremely vital given the rising pool of patients.
Keeping all the factors in mind, the CAGR is expected to grow around 8% from 2017 to 2023 for the medical imaging reagents market; reaching a market value of around $18.5 billion by 2023.
Here are some more points that explain about the global medical imaging reagent market:
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