In a recent published report, Kenneth Research has updated the market report for Perfusion 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 $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Perfusion Imaging Market products.
Kenneth Research has recently added a report titled Perfusion Imaging Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) 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.
According to a statistical report titled “Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.
Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the MARKET during the forecast period.
Market Analysis:
To reach USD 7,745.57 Million by the year 2024, the Global Perfusion Imaging Market is anticipated to record a CAGR of 6.34% . Perfusion imaging is a non-invasive imaging test that demonstrates how the blood flows through the organs or tissues. This test is used for the diagnosis of various chronic disorders. Growing prevalence of cardiovascular & neurological diseases, rising geriatric population, and improvements in technology are pushing the growth of the global perfusion imaging market. However, stringent regulatory policies are prone to hinder the market growth. Growing incidence of cardiovascular & neurological diseases and increasing geriatric population are pushing the evolution of the global perfusion imaging market.
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As, as per the American Heart Association Statistics Committee and Stroke Statistics Subcommittee, in the year 2017, every year about 795,000 people in the US have a hit in which about 610,000 of them are first, or new strokes and185,000 are recurrent strokes. Furthermore, innovations in technology are further stimulating market growth. In the year 2019, January Shimadzu Corporation bought Core Medical Imaging, Inc. to improve its healthcare business in North America. This procurement boosted the company’s foothold in the North American market. In March, 2018 GE received approval from Health Canada for Signa Premier, a 3.0T MRI system. This increased the product portfolio of the company. Australia held a share of 11.2% in the Asia-Pacific perfusion imaging market in 2018. Also, the market in the Middle East & Africa is expected to steadily grow owing to the increasing awareness about diseases in the region.
In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Keyword market over the period 2019-2026.
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The Perfusion Imaging Market report also focuses on the analysis on the basis of geography which includes North America (U.S. and Canada), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Europe (Germany, UK, France, Spain, Italy, NORDIC, BENELUX, Poland, Russia, Hungary, Rest of Europe), Asia Pacific (China, Japan, India, Australia, New Zealand, South Korea, Malaysia, Indonesia, Rest of Asia Pacific) and Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa).
In U.S., the GDP per capita was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capita has intensified the growth of this market in the country.
Market Segmentation:
Global Perfusion Imaging Market has been segmented by Modality, by application, and by region. Based on Modality the market is divided into Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI) and Nuclear Medicine. Based on application the market is divided into Myocardial Perfusion Imaging, Ventilation Perfusion Imaging, Functional Brain Imaging, and Others. Based on region the market has been divided into various regions like Americas including US & Canada from North America and Latin America, Europe including Western Europe(Germany, UK, France, Italy, Spain, Rest of Western Europe and Eastern Europe), Asia-Pacific including China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific, and Middle East & Africa.
Regional Analysis:
The Global Perfusion Imaging Market has been distributed into several counties like Americas including US & Canada from North America and Latin America, Europe including Western Europe(Germany, UK, France, Italy, Spain, Rest of Western Europe and Eastern Europe), Asia-Pacific including China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific, and Middle East & Africa. The largest share of the global perfusion imaging market is expected to held by America.This is remaining to the rising rate of cardiovascular diseases, brain tumors, and tumor-related angiogenesis, among others, in the region. Europe showed a considerable amount of evolution in the market due to the rising prevalence of neurological disorders. Asia-Pacific is expected to be the quickest rising region in the global market due to the huge geriatric population and the presence of rapidly developing economies such as China, India, and South Korea.
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Key Players:
The major companies functioning in the Global Perfusion Imaging Market are concentrating on firming their global ways by entering into untouched markets. Siemens (Germany), Bracco Diagnostic, Koninklijke Philips NV (Netherlands), lantheus Medical Imaging, Inc. (US), Shimadzu Corporation (Japan), Perimed (US), General Electric Company (US), Medtronic (Ireland), Inc. (Italy), Neusoft Corporation (China), Canon Medical Systems Corporation (Japan), Aetna (US), Advantis Medical Imaging (Netherland), and others are some of the major players in the Global Perfusion Imaging Market .The projected onlookers in the Global EMS and ODM Market are Hospitals Medical devices companies, Research institutes, Contract Research Organizations and Academic institutes
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