In a recent published report, Kenneth Research has updated the market report for Emerging Diagnostic Imaging Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Emerging Diagnostic Imaging Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
The emerging diagnostic imaging market is segmented on the basis of applications such as advanced conventional technologies, remote diagnostics, point-of-care diagnostics, nuclear medicine, biomarkers, imaging agents and other emerging technologies. The report includes emerging technologies which are commercialized and which are going through final phases of approvals. Market covered in the emerging diagnostic imaging are North America, Latin America, Europe, Middle-East and Africa (MEA) and Asia-Pacific.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The diagnostic equipment of conventional technologies are over burdened with the hospitals and diagnostic centers having limited resources and budgets, especially in emerging markets like India and China. Hence there is requirement of machines that are capable of performing multiple diagnoses. Portable diagnostic machines are one of the major advancement which enables providing point-of-care assistance and reaching out to more number of patients.
United States being the largest healthcare market is number one in making changes so that healthcare can become more affordable to people. There is an increase in demand of services as well as products that are value based in the industry that lacks resources as well as skills. Opportunities are growing for the industry with the emergence of new markets. They are situated in the developing economies with ever changing needs.
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This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. Deep profiles top competitive companies
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