The global market for Contrast Media is
projected to reach US$5.3 billion by 2025, driven by the growing number of imaging
procedures such as X-Rays, MRI, CT, and Ultrasound supported by the prevalence
of chronic diseases among the growing global population and the ensuing diagnostic
burden and demand for imaging services. The global burden of chronic diseases
can be put into perspective by the fact that it is the leading cause of death
and disability in the world. Although easily preventable, chronic diseases such
as heart disease, stroke, cancer, type-2 diabetes, obesity, thyroidism, and
arthritis push up healthcare costs and also demand for healthcare services. By
2030, chronic diseases will emerge to be the most costly and prevalent killer
worldwide. As a result, healthcare spending is forecast to reach a mind-bending
US$19 trillion by the year 2040. A major portion of this expenditure will be
spent on medical imaging procedures such as X-Rays, CT scan (computed
tomography scan), MRI (magnetic resonance imaging), ultrasound, and nuclear
medicine imaging, including positron-emission tomography (PET), among other
emerging hybrid imaging technologies. As an extremely important aspect of
medical practice, imaging has and still continues to revolutionize the world of
healthcare. Medical imaging helps in
early detection and diagnosis of diseases at a stage when they can be easily
treated and of late has been assuming even greater importance as the world
healthcare migrates to the tenets of preventative care. Better diagnosis has a
direct and a positive impact on therapy procedures and treatment planning. The
rise of imaging based surgical strategies to safely handle complicated
surgeries is also helping push up the importance of medical imaging. Read More…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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