Small Animal Imaging In Vivo Market | Size, Share and Scope Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Small Animal Imaging In Vivo Market Size, Share & Trends Analysis Report By Technology (Micro-MRI, Optical, Nuclear imaging, Micro-ultrasound), By Application (Cancer cell detection, Bio-distribution, Monitoring Therapy Response, Longitudinal Studies, Epigenetic Studies)- Market Outlook And Industry Analysis 2031"

The global Small Animal Imaging In Vivo market is estimated to reach over USD 5.11 billion by 2031, exhibiting a CAGR of 9.16% during the forecast period.

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The market for small animal imaging (in-vivo) is predicted to rise in the future due to increasing healthcare spending. When a percentage of GDP is used to describe healthcare expenditure, it includes both public and private costs. The idea of self-care management, which uses PET equipment in methods like small animal imaging, is encouraged by rising healthcare costs and awareness. For instance, according to information provided by the Organization for Economic Co-operation and Development, a France-based intergovernmental economic organization, health spending as a percentage of GDP increased across OECD countries to 9.7% in 2020 from 8.8% in 2019, increasing by a significant amount. According to a group of 17 OECD nations, health spending grew by almost 6% in 2021, continuing its robust growth.

List of Prominent Players in the Small Animal Imaging In Vivo Market:
• Aspect Imaging Ltd.
• Bruker Corporation
• CMR Naviscan (US)
• FUJIFILM Holdings Corporation
• General Electric (US)
• Hitachi Ltd. (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Life Technologies Corporation
• Mediso Medical Imaging Systems
• Miltenyi Biotech GmbH
• PerkinElmer, Inc.
• Promega Corporation
• SCANCO Medical AG (Switzerland)
• Siemens Healthcare GmbH (Germany)
• Thermo Fisher Scientific

Market Dynamics:
Drivers-
The rising costs of healthcare would aid the expansion of the small animal (in-vivo) imaging industry. Also, the market is expected to grow as a non-invasive technology for imaging small animals becomes more widely used. The market for small animal (in-vivo) imaging is expanding as a result of rising disposable income levels and increased urbanisation, among other considerations. Other significant market factors that will accelerate the expansion of the small animal (in-vivo) imaging market include rising infrastructure spending on healthcare. With the prevalence of cancer rising globally, small animal imaging systems and reagents have a wide range of applications in oncology. The growth of the worldwide small animal imaging market in the field of cardiology is projected to be aided by the increasing prevalence of cardiovascular illnesses.

Challenges:
The market's growth rate over the projection period would be slowed down by the existence of rigorous restrictions. Strict regulation is one of the main obstacles for small animal imaging businesses. Product manufacturers are in an ambiguous position due to the fact that different regulatory agencies in various nations have distinct sets of regulations for the use of medical devices. The small animal (in-vivo) imaging market, however, will face difficulties due to poor healthcare spending in developing nations and the absence of universal standards. Over the projection period, the market's growth rate will also be limited and hampered by a shortage of experienced specialists and low awareness.

Regional Trends:
North America is the market leader across all regions thanks to its embrace of cutting-edge technology, increased awareness of healthcare issues, and advantageous reimbursement practises. Due to significant financial investments and the accessibility of cutting-edge small animal in-vivo imaging systems, including micro-Photoacoustic tomography (Micro-PAT), in pre-clinical research, North America holds around 35 percent of the global market share for small animal imaging (in-vivo). On the other hand, the Asia-Pacific market will expand throughout the projection period at a promising CAGR of 11.5%. Manufacturers of tiny animal imaging devices would have an opportunity as a result of the market's strong growth rate, which is mostly related to its untapped potential.

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Recent Developments:
• In November 2021, The establishment of an Advanced In Vivo Imaging Facility at the Indian Institute of Science Education and Research (IISER) Pune has been announced by PerkinElmer India, a leading company dedicated to innovating for a healthier world.

Segmentation of Small Animal Imaging In Vivo Market-
By Technology-
• Micro-MRI
• Optical, Nuclear Imaging
• Micro-Ultrasound

By Application-
• Cancer Cell Detection
• Bio-Distribution
• Monitoring Therapy Response
• Longitudinal Studies
• Epigenetic Studies

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.