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This growth is owing to the factors such as the increasing demand for automated storage and retrieval systems and the growing inclination towards cost-effective storage equipment.
Technological advancements in radiotracer development are one of the major drivers of the market. However, high equipment costs are predicted to challenge the market growth during the forecast period.
This increase is directly attributed to the rise of the global geriatric population. This is estimated to lead growth in demand for Hearing Aids, Hearing Implants and Surgical Devices.
The Pharmaceuticals Asset Management segment is anticipated to witness significant growth owing to the global surge in counterfeit drugs flowing into the market.