Global Small Animal Imaging (In-Vivo) Market to Surge from $1,053 Million in 2023 to $1,902 Million by 2032, Boasting a CAGR of 6.79%

The global small animal imaging (in-vivo) market is set to experience significant growth over the coming years. According to recent market analysis, the market was valued at $1,053 million in 2023 and is projected to reach $1,902 million by 2032, growing at a compound annual growth rate (CAGR) of 6.79% during the forecast period from 2024 to 2032. This robust growth is driven by advancements in imaging technology, increasing investments in biomedical research, and a rising focus on non-invasive diagnostic techniques.

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Key Drivers of Market Growth

Technological Advancements in Imaging

The rapid pace of technological advancements in imaging modalities has been a primary driver of growth in the small animal imaging market. Innovations in techniques such as magnetic resonance imaging (MRI), positron emission tomography (PET), computed tomography (CT), and optical imaging are enabling researchers to achieve higher resolution and more accurate imaging results. These advancements are crucial for enhancing the understanding of disease mechanisms and the development of new therapeutic interventions.

Increasing Investments in Biomedical Research

The escalating investments in biomedical research are significantly contributing to the expansion of the small animal imaging market. Governments, academic institutions, and private sector entities are increasingly allocating funds to support research initiatives aimed at understanding complex biological processes and developing novel treatments for various diseases. This influx of funding is fostering the adoption of advanced imaging technologies in preclinical studies, further propelling market growth.

Rising Demand for Non-Invasive Diagnostic Techniques

There is a growing preference for non-invasive diagnostic techniques in both clinical and preclinical settings. Small animal imaging offers a non-invasive approach to studying disease progression, monitoring treatment efficacy, and conducting longitudinal studies. This trend is particularly important in the context of cancer research, neurology, and cardiovascular studies, where non-invasive imaging provides invaluable insights without compromising the health and welfare of the animal subjects.

Top Players in the Global Small Animal Imaging (In-Vivo) Market

Bruker Corporation
Siemens A.G
Agilent Technologies
Fujifilm Corporation
Hologic, Inc.
Mediso Ltd.
TriFoil Imaging
PerkinElmer
MILabs B.V.
MR Solutions
Thermo Fisher Scientific
Others major players

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Market Segmentation Overview:

By Modality
CT Imaging
MRI System
Nuclear Imaging System
Optical Imaging System
Ultrasound Imaging
Photoacoustic Imaging
Magnetic Particle Imaging (MPI)

By Application
Monitoring treatment response
Bio-distribution, determining drug/target engagement
Cancer cell detection
Biomarkers
Epigenetics
Other

By End Use
Biotech Companies
Pharmaceutical companies
Research institutes

By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA
South America
Argentina
Brazil
Rest of South America

Market Segmentation and Regional Insights

Modality Insights

The small animal imaging market is segmented based on modality into MRI, PET, CT, optical imaging, and others. Among these, optical imaging is expected to witness substantial growth due to its high sensitivity, real-time imaging capabilities, and cost-effectiveness. MRI and PET modalities are also anticipated to maintain strong growth trajectories owing to their superior imaging quality and functional imaging capabilities.

Regional Insights

Geographically, North America currently holds the largest share of the global small animal imaging market, attributed to the presence of advanced research infrastructure, high investment in R&D activities, and a favorable regulatory environment. Europe follows closely, driven by significant investments in healthcare research and technological advancements. The Asia-Pacific region is poised for rapid growth, primarily due to increasing research activities, rising healthcare expenditure, and growing awareness about the benefits of small animal imaging.

Key Players and Competitive Landscape

The global small animal imaging market is characterized by the presence of several key players striving to enhance their market position through product innovations, strategic collaborations, and mergers and acquisitions. Some of the prominent companies in the market include:

PerkinElmer Inc.
Bruker Corporation
FUJIFILM Holdings Corporation
Siemens Healthineers
Agilent Technologies, Inc.
Mediso Medical Imaging Systems
These companies are actively engaged in research and development activities to introduce cutting-edge imaging solutions and expand their product portfolios, thereby catering to the evolving needs of the research community.

Future Outlook and Opportunities

The future of the small animal imaging market looks promising, with numerous opportunities for growth and innovation. The integration of artificial intelligence (AI) and machine learning (ML) in imaging technologies is expected to revolutionize the field by enabling automated image analysis, enhancing diagnostic accuracy, and reducing interpretation time. Additionally, the development of novel imaging agents and biomarkers will further augment the capabilities of small animal imaging, opening new avenues for research and therapeutic applications.

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Conclusion

In conclusion, the global small animal imaging (in-vivo) market is on a trajectory of substantial growth, driven by technological advancements, increased funding for biomedical research, and a rising demand for non-invasive diagnostic techniques. With a projected market valuation of $1,902 million by 2032 and a CAGR of 6.79% from 2024 to 2032, the market offers significant opportunities for stakeholders to innovate and expand their presence. As the industry continues to evolve, the adoption of advanced imaging technologies will play a pivotal role in advancing scientific research and improving healthcare outcomes.

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This release was published on openPR.