Press release
Small Animal Imaging In Vivo : Market Growth Insight, Share, Size, Future Insights, Economic Growth, Competitive Landscape, market dynamics, Challenges, Segmentations And Forecast by 2031
The Global Small Animal Imaging In Vivo Market Size is estimated to be worth 2.36 billion in 2022 and is expected to grow to 5.11 billion by 2031, with a compound annual growth rate (CAGR) of 9.16% during the forecast period of 2023-2031.Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1665
It is anticipated that the market for in-vivo small animal imaging will expand in the future as a result of the growing expenditure on healthcare. Both public and private costs are included when healthcare expenditure is expressed as a percentage of GDP. The concept of self-care management, which employs PET apparatus in methods such as small animal imaging, is being promoted by the increasing cost of healthcare and the growing awareness of the issue. For example, the Organization for Economic Co-operation and Development, an intergovernmental economic organization headquartered in France, reported that health spending as a percentage of GDP increased significantly across OECD countries from 8.8% in 2019 to 9.7% in 2020. Health spending continued its robust development in 2021, as reported by a group of 17 OECD nations. Health spending increased by nearly 6%.
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-
North America is anticipated to be the primary contributor to the Skin Rejuvenation market in the years ahead. The increasing demand for current facial rejuvenation solutions has been exacerbated by the number of non-surgical beauty procedures and the growing purchasing power of consumers. The emphasis on physical appearances has resulted in a growing desire for less invasive operations, particularly in the United States. Furthermore, it is anticipated that the Asia Pacific Skin Rejuvenation market will experience substantial growth during the forecast period. This can be attributed to the availability of procedures at reasonable prices, which has increased medical tourism and disposable income. Additionally, the regional market is anticipated to be stimulated by the presence of a substantial geriatric population and the increasing awareness of beauty.
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Challenges:
Stringent regulations would impede the market's development rate during the projection period. One of the primary challenges small animal imaging enterprises face is strict regulation. The use of medical devices is regulated by a variety of regulatory agencies in different countries, which has resulted in an ambiguous situation for product manufacturers. Nevertheless, the small animal (in-vivo) imaging market will encounter challenges as a result of the lack of universal standards and inadequate healthcare expenditure in developing nations. The market's growth rate will be restricted and impeded by a scarcity of experienced specialists and low awareness throughout the projection period.
Regional Trends:
North America is the market leader in all regions due to its adoption of advanced technology, increased awareness of healthcare issues, and advantageous reimbursement practices. North America occupies approximately 35% of the global market share for small animal imaging (in-vivo) as a result of substantial financial investments and the availability of state-of-the-art in-vivo imaging systems, such as micro-Photoacoustic tomography (Micro-PAT) in pre-clinical research. Conversely, the Asia-Pacific market is anticipated to experience a CAGR of 11.5% during the projection period. The market's robust development rate, which is primarily due to its untapped potential, presents an opportunity for manufacturers of miniature animal imaging devices.
Recent Developments:
• In November 2021, PerkinElmer India, a prominent company that is committed to the advancement of human health, announced the establishment of an Advanced In Vivo Imaging Facility at the Indian Institute of Science Education and Research (IISER) Pune.
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Segmentation of Small Animal Imaging In Vivo Market-
By Technology-
• Optical, Nuclear Imaging
• Micro-MRI
• Micro-Ultrasound
By Application-
• Monitoring Therapy Response
• Longitudinal Studies
• Cancer Cell Detection
• Bio-Distribution
• 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
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