Press release
Cellular Health Screening Market: Expanding Geriatric Population to Bolster Demand
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It is anticipated that the world market for cellular health screening is very likely to register a robust CAGR of 8% in between the time period of 2017 to 2022, as per the market research study by Transparency Market Research. The international market for cellular health screening is anticipated to reach a valuation of US$ 3.1 bn from US$ 2.1 bn over the forecast timeframe.
The market research study delves into the global market for cellular health screening and its performance in the major regions of the Middle East and Africa, Japan, Asia Pacific except Japan, Latin America, North America, and Europe. The report makes an effort to comprehend the regional dynamics that are at play of the world market. It is forecasted that the region of North America is quite likely to remain the market leader for the world market for cellular health screening in the forthcoming years. Such dominance is because of the steady and robust growth of the healthcare industry in the said region. On the basis of the said report, the market for cellular health screening in North America stood at an amount of US$883.2 mn in the year 2017 and is further estimated to reach a valuation of US$1,317 mn towards the end of forecast period, by 2022, rising at a CAGR of 8.3% CAGR over the same period.
However, other continents such as Europe also do not lag behind and the region is poised to grow at a 7.5% CAGR during the period of 2017-2022 so as to reach a market valuation of around US$754.8 mn by the end of the year 2022.
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Another region that offers a very high rate of growth is Asia Pacific except Japan for the world market for cellular health screening. It is indeed a very promising geographical category for the market players which are exploring various options and looking to dominate the said market in the forthcoming years. The Asia Pacific except Japan segment is expected to grow at a healthy CAGR of 8.5% during the timeframe of forecast that extends from 2017 to 2022.
Rapid expansion of the world geriatric population is one of the major elements that is driving the market for world cellular health screening market. Such expansion of the geriatric population is taking place particularly in the developed world. As such it is expected that cellular health screening market is likely to witness dominance in this region. Furthermore, increasing disposable income of the geriatric population in this part of the world together with improved life expectancy are poised to generate need for various healthcare services.
Furthermore, augmented emphasis on healthcare system that is preventative in nature is quite likely to prove to be beneficial for the world market for cellular health screening market in the years to come. Whilst, on the flipside, a major restraint that is slowing the market growth for the international market for cellular health screening is the difficulty that is faced by the various healthcare agencies in the maintenance and transportation of bodily samples in ideal condition so as to apply cellular health screening.
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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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