Kenneth Research has recently added a report titled Clinical Trial Imaging Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Global Clinical Trial Imaging Market Analysis
According to Verified Market Research, the Global Clinical Trial Imaging Market was valued at USD 817 Million in 2017 and is projected to reach USD 1.2 Billion by 2025, growing at a CAGR of 6.3% from 2018 to 2025.
What is the purpose of Clinical Trial Imaging?
Clinical trial is an essential part of drug development process and the usage of medical imaging makes the clinical trials more accurate and effective. Clinical trial imaging provides the interpretable information of human anatomy/ physiology which is important in evaluating effect of drugs. It is mainly useful in prevention, detection and treatment of various medical conditions.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Clinical Trial Imaging Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increase in pharma and biotech industries, increase in investments in R&D department and emerging economies in industry are the driving factors for the global clinical trial imaging market. While high cost of instalment and high cost of clinical trials acts a potential restraints for the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Clinical Trial Imaging Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Clinical Trial Imaging Market Competitive Landscape
The “Global Clinical Trial Imaging Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bioclinica, Inc., Parexel International Corporation, Icon PLC, Biomedical Systems Corporation, Biotelemetry, Inc., Cardiovascular Imaging Technologies, LLC, Intrinsic Imaging LLC, Ixico PLC, Radiant Sage LLC and Worldcare Clinical, LLC. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Clinical Trial Imaging Market, By Products And Services
• Operational Imaging Services
• Trial Design Consulting Services
• System and Technical Support Services
Global Clinical Trial Imaging Market, By Modality
• Computed Tomography
• Magnetic Resonance Imaging
• Positron Emission Tomography
• Other Modalities
Global Clinical Trial Imaging Market, By End User
• Pharmaceutical Companies
• Biotechnology Companies
• Medical Device Manufacturers
• Contract Research Organizations
• Academic and Government Research Institutes
• Other End Users
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Global Clinical Trial Imaging Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
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