The global clinical trial imaging market is growing at a significant rate, due to mounting research and development spending by growing biotechnology and pharmaceutical industries and boosting the number of contract research organization (CROs). Different products and services contributed to the clinical trial imaging market size.
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The mounting research and development spending by growing biotechnology and pharmaceutical industries, expansion in pharmaceutical and biotechnology industries and boosting the number of CROs are the primary growth drivers for clinical trial imaging market.
Expansion of advanced imaging modalities, and radiopharmaceuticals and mounting clinical research in emerging economies are also facilitating the growth for the clinical trial imaging market.
North America is the largest clinical trial imaging market as in the region the research and development spending is huge. The mounting number of pharmaceutical and biotechnology companies, and expanding the number of CROs are also up surging growth of the North American clinical trial imaging market.
Asia-Pacific is observed to witness the fastest growth in the market, as in the region number of biotechnology and pharmaceutical companies are increasing.
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Key players in the clinical trial imaging market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Parexel International Corporation, Radiant Sage LLC, ICON Plc, Biomedical Systems Corporation, Biotelemetry, Inc., Intrinsic Imaging LLC, Cardiovascular Imaging Technologies, LLC, Ixico PLC, and Worldcare Clinical, LLC are the key players offering clinical trial imaging.
Source: VynZ Research