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healthcare IT segment. Rapid infrastructural development in hospitals, labs, and diagnostic centers is also
augmenting segment expansion. Moreover, escalating demand for radiology information systems in
diagnostic applications is likely to drive the segment.
There have been significant breakthroughs in detection technologies for pharmaceutical and biotechnology,
which is estimated to boost the market in the coming years. Emergence of synthesized antibiotics is one such
breakthrough. A team of researchers at the University of Lincoln in Britain recently introduced a new
antibiotic called teixobactin, which has shown potential for treating superbugs.
On the basis of geography, the global healthcare market can be divided into the Americas, Asia Pacific,
Europe, and Middle East and Africa. The Americas and Europe are among leading regional markets on
account of growing geriatric population, which is highly prone to chronic diseases, and presence of well -
established healthcare infrastructure. Reimbursement policies by governments and large investments in R&D
by private and government organizations are also propelling market growth. In addition, strong presence of
prominent companies in these regions is estimated to fuel market expansion in the next few years.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/healthcare-
industry
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