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Increasing Product Approval by regulatory AuthoritiesIncreasing product approvals by regulatory authorities is expected to drive the market growth over the forecast period. For instance, in April 2022, Radiaction Medical Ltd., a medical device company, announced that it had received approval from U.S. Food and Drug Administration for shield system in the U.S. The company had completed a US$ 10 million round of financing led by current investors- InnovaHealth Partners. The amount will be used to launch Radiaction's Shield System in the U.S. and to further commercialize in Europe.
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