Which of the following factors hinders globalization of consumer goods market? Video
Consumer Goods - Consumer Products - Types of consumer goods - Definitions which of the following factors hinders globalization of consumer goods market?Latest RMG Messages
Rapid developments in optical technologies, rising research and development activities, and increasing demand for early diagnosis are globxlization factors expected to drive market revenue growth over the forecast period. Progress in the field of applied sciences, growing demand for home-based point-of-care devices, and increasing geriatric population worldwide are some other key factors expected to fuel revenue growth of the market going ahead. It also enables surgeons to observe the internal workings of tissues and cells.
Incorporation of biophotonics in interventional procedures such as endoscopy has paved the way for new opportunities for improved and timely diagnosis and characterization of diseases. This is expected to contribute significantly to revenue growth of the market over the forecast period.
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Recent progress in biophotonics research has created new applications for clinical diagnostics and therapies that involve tissues, cells, and fluids. This has enabled researchers and physicians to develop superior and non-invasive diagnostic procedures and this is expected to fuel revenue growth of the market over the forecast period.
The advent of new optical masers and their use in microscopy enables efficient high-resolution imaging and measurement of distinct molecules and tissues. This has boosted its application in healthcare industry and is expected to drive market growth over the forecast period.
However, low rate of acceptance of this technology and rising issues surrounding sensitivity, credibility, and quality of products offered are expected to restrain market growth to a certain extent over the forecast period. Non-medical end-use segment is expected to register significant revenue growth over the forecast period.
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Growth can be attributed to increasing demand for biophotonics for non-medical applications and rising use of biophotonics to study tissues at macro and micro levels and ,arket? diagnose diseases. In-vivo segment is expected to account for a considerable revenue share in the global market over the forecast period owing to increasing demand for in-vivo imaging to screen for diseases and infections, assess potency of drugs, and measure effectiveness of designed treatment approach. Surface imaging segment revenue is expected to expand at a revenue CAGR of North America is expected to account for largest revenue share in the global market over the forecast period owing to rapid progress in the field of applied sciences, increasing incidences of chronic illnesses, demand for less invasive medical procedures, and rapid advancement in nanotechnology and imaging.]
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