Small Animal Imaging Market Size, Outlook, Prominent Players, Growth, Leading Players And Forecast 2023-2032

The Business Research Company's Small Animal Imaging Global Market Report 2023 identifies Growing expenditure for the healthcare sector as the major driver for the Small Animal Imaging market's growth in the forecast period. Healthcare expenditure refers to the overall cost of health care (including public and private expenditures) as a percentage of GDP. Rising healthcare expenditure and increasing healthcare awareness, encourage the concept of self-care management where PET equipment is used in techniques such as small animal imaging. For instance, according to data released by the Organisation for Economic Co-operation and Development, a France-based intergovernmental economic organization, in 2020 health spending as a share of GDP jumped to 9.7% across OECD countries, up from 8.8% in 2019. A group of 17 OECD countries suggests that health spending continued to grow strongly in 2021 by around 6%. Therefore, growing expenditure for the healthcare sector is driving the growth of the small animal imaging (in-vivo) market.

The global small animal imaging (in-vivo) market size grew from $2.28 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global small animal imaging (in-vivo) is expected to grow to $3.8 billion in 2027 at a CAGR of 10.6%.

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Major competitors in the Small Animal Imaging market Bruker, PerkinElmer, Miltenyi Biotec, Aspect Imaging Ltd., Mediso Ltd., LI-COR Biosciences, Life Technologies Corporation, Trifoil Imaging

A key trend in the Small Animal Imaging market includes Technological advancement. Major companies operating in the small animal imaging (in vivo) market are focused on technological advancement to strengthen their position. For instance, in April 2022, PerkinElmer, Inc., a US-based company engaged in business areas such as diagnostics, life science research, and imaging, launched the Vega imaging system, an automated advanced technology ultrasound platform. The automated technology involves the use of two automated transducers, resulting in easy-to-use technology and generating more consistent results to visualize the pathophysiology of the disease.

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The Small Animal Imaging market is segmented -
• By Component: Micro-MRI, Optical Imaging, Nuclear Imaging, Other Components
• By Application: Monitoring Treatment Response, Bio Distribution, Determining Drug or Target Engagement, Cancer Cell Detection, Biomarkers, Longitudinal Studies, Epigenetics
• By End User: Veterinary Clinics, Veterinary Hospitals, Veterinary Institutes and Research Centers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Small Animal Imaging market.

The Business Research Company's "Global Small Animal Imaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Small Animal Imaging Market Include:
1. Executive Summary
2. Small Animal Imaging (In-Vivo) Market Characteristics
3. Small Animal Imaging (In-Vivo) Market Trends And Strategies
4. Small Animal Imaging (In-Vivo) Market - Macro Economic Scenario
5. Small Animal Imaging (In-Vivo) Market Size And Growth
.......................
26. Africa Small Animal Imaging (In-Vivo) Market
27. Small Animal Imaging (In-Vivo) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Animal Imaging (In-Vivo) Market
29. Small Animal Imaging (In-Vivo) Market Future Outlook and Potential Analysis
30. Appendix

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