Press release
Clinical Trial Imaging Market size to surpass around US$ 2.1 billion by 2031 | ICON plc. (Ireland), BioTelemetry Inc. (US), Biomedical Systems Corporation (US)
Clinical Trial Imaging Market
Read more about Clinical Trial Imaging Market here: https://www.globalinsightservices.com/reports/clinical-trial-imaging-market/
The global clinical trial imaging market was valued at USD 1.2 billion in 2021 and it is anticipated to grow at 5.9% CAGR during the forecast period to reach up to USD 2.1 billion by 2031.
Clinical Trial Imaging comprises the use of imaging modalities, analysis services, and software to effectively determine the efficacy of novel medications prior to commercial release. Clinical Imaging techniques are increasingly used in oncology drug clinical trials to provide evidence for the drug's effectiveness and safety.
Market Trends and Drivers:
The key factor such as an increase in R&D spending is an increase in R&D spending. Pharmaceutical and biotechnology companies invest heavily in research to develop breakthrough molecules. Growth in the R&D expenditure by pharmaceutical & biotechnology companies and governments combined with the increasing focus on life science projects to develop new therapeutic & diagnostic products is estimated to boost the clinical trial imaging market. Likewise, developing countries such as India, South Korea, Brazil, and Mexico offer significant growth opportunities to players operating in the clinical trial imaging market, mainly owing to the growing R&D funding in these countries.
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Market Segments:
By Products & Services
Services
Software
By Modality
Computed Tomography
Magnetic Resonance Imaging
Ultrasound
Positron Emission Tomography
X-ray
Echocardiography
By Therapeutic Area
Oncology
Infectious Diseases
Neurology
Key Players
ICON plc. (Ireland)
BioTelemetry Inc. (US)
Biomedical Systems Corporation (US)
Medpace Holdings, Inc. (US)
IXICO plc. (UK)
Resonance Health Ltd. (Australia)
Radiant Sage LLC. (US)
BioClinica Inc. (US)
Intrinsic Imaging LLC. (US)
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