ANGWIN, Calif. -
Aug. 2, 2022 -
PRLog --
The Global Preclinical Imaging Market is anticipated to grow with an elevated CAGR of around 5% over the forecast period (2021-2027). Preclinical imaging is the visualization of living animals for research purposes, such as drug development. Researchers use imaging to observe changes, at the organ, tissue, cell, or molecular level, in animals' response to physiological or environmental changes.
The rising prevalence of chronic diseases and the increasing geriatric population are the contributing factors to the increasing demand for the research & development of the new drugs. Furthermore, the surging incidences of genetic and orphan diseases rise the demand for the development of the novel treatment which results in the growth of the preclinical imaging market. For instance, as per the Health department of Australia, Approximately 6 out of 10 people will be affected by a condition that has some genetic background. Genetic conditions can range from mild to very severe. Genetic conditions and birth defects occur in between 3 and 5 percent of babies born in Western Australia.
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