Small Animal Imaging (In-vivo) Market Demand and Competitive Analysis by Leading Manufacturers 2023
25th April 2019 - Global small animal imaging (in-vivo) market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Small animal imaging (in-vivo) is a technique used to study disease and drugs progression using imaging biological processes in living animals that shows the changes in cellular activity.
The factors that are playing a major role in the growth of the market are the rising technological enhancement in the molecular imaging, the increasing number of public-private initiatives for supporting animal researches, and the high demand for non-invasive small-animal imaging techniques. However, strict government policy on animal research may restrain the overall market growth in the years to come. Small animal imaging (in-vivo) market is segmented based on modality, reagents, application, and region.
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Based on the modality, magnetic particle imaging (MPI) systems, optical imaging systems, photoacoustic imaging systems, nuclear imaging systems, CT systems, MRI systems, and ultrasound systems could be explored in small animal imaging (in-vivo) market in the forecast period. CT contrast agents, optical imaging reagents, ultrasound contrast agents, nuclear imaging reagents, and MRI contrast agents are the reagents that could be explored in the market in the forecast period.
The market may be categorized based on applications like epigenetics, monitoring treatment response, longitudinal studies, bio-distribution, biomarkers, cancer-cell detection, and others that could be explored in the forecast period. Monitoring treatment and bio-distribution sector accounted for the majority share of small animal imaging market and are estimated to lead the overall market in the years to come. Also, cancer-cell detection sector is estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for the substantial share of the market and is estimated to lead the overall market growth in the years to come. The reason behind the overall market growth could be the technological enhancement, the presence of developed R&D infrastructure for life science researches, and the high demand from end-users for multimodality systems.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of small animal imaging (in-vivo) in this region.
The key players of small animal imaging (in-vivo) market are Aspect Imaging Ltd., Promega Corporation, Inc., PerkinElmer Inc., Miltenyi Biotec GmbH, Bruker Corporation, Life Technologies Corporation, Thermo Fisher Scientific, FujiFilm Holding Corporation, and Siemens AG. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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