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Recent Advancements in Imaging Techniques and Emphasis on Improving Diagnostic Procedures to Bolster Market

In the current day and age, technological advancements are set to play an imperative role in the development of the global healthcare ecosystem. Diagnosis techniques and procedures have evolved at a rapid pace, owing to technology and at present, the demand for minimally invasive diagnostic techniques is on the rise. This, in turn, is expected to present a plethora of opportunities to the players involved in the current bio-imaging technologies market. Over the past few decades, bio-imaging technologies have evolved at a rapid pace and come a long way from the initial x-ray technology.

At present, computed tomography, magnetic resonance imaging, positron emission tomography, and ultrasonography, among others, are among the most popular and widely adopted bio-imaging technologies worldwide. Some of the major benefits of deploying the recently developed bio-imaging technologies include swift and accurate diagnosis, which, in turn, improves patient care by a considerable margin– a factor that is likely to fuel the growth of the global bio-imaging technologies market during the assessment period. Moreover, several recent advancements in imaging technology and research are slated to revolutionize various aspects of clinical medicine during the forecast period, due to which, the global bio-imaging technologies market is likely to witness growth during the assessment period.

Clinical Breakthroughs Focus on Addressing Current Challenges

The introduction of computed tomography (CT), ultrasonography, and magnetic resonance imaging (MRI) has played a key role in replacing conventional radiography, due to the optimum visualization of various tissue properties. Although the MRI technology was expensive and time-consuming, breakthroughs in rapid imaging sequencing and other technological innovations have gradually led to large-scale adoption of MRI around the world. This trend is expected to continue during the assessment period. In addition, the progress in CT imaging of the urinary tract has resulted in a considerable surge in the demand for minimally or less invasive treatments. The increasing adoption of PET for tumor imaging is expected to play an instrumental role in the development of the global bio-imaging technologies market during the assessment period.

Scientific research and development activities are anticipated to lay the foundation for the growth of the global bio-imaging technologies market during the assessment period. Researchers and other players involved in the current bio-imaging technologies market are increasingly focusing on the discovery and development of new procedures and technologies that require physiological, functional, and molecular imaging. Moreover, researchers are also increasingly focusing on improving the anatomic resolution and the development of new bio-imaging technologies by leveraging advancements in bio-informatics.

High Adoption of Bio-imaging Technologies to Evaluate COVID-19 Infections

The outbreak of the novel COVID-19 pandemic is expected to present new opportunities for the players involved in the current bio-imaging technologies market. While the healthcare sector continues to seek new treatments, therapies, and vaccines to combat the novel COVID-19 virus, researchers are increasingly exploring the potential of bio-imaging technologies to assess and evaluate the novel coronavirus. For instance, a study that is led by the University of Bordeaux to understand the COVID-19 infection is currently making headlines across the global bio-imaging technologies market. The research, which is funded by the French ANR Flash COVID-19 is a combination of the expertise of four domestic partners and scientists. The increasing adoption of the RNAscope technology to assess the novel COVID-19 infection is anticipated to provide a considerable boost to the growth of the global bio-imaging technologies market during the assessment period.

While the mentioned factors are expected to play a key role in the development of the global bio-imaging technologies market, advancements in fluorescence microscopic techniques is another major factor that is likely to pave the way for new growth opportunities for the players involved in the current bio-imaging technologies market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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