Small Animal Imaging (In-Vivo) Market Report 2024 - Small Animal Imaging Market Size, Segments, And Trends

"The Business Research Company recently released a comprehensive report on the Global Small Animal Imaging (In-Vivo) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The small animal imaging (in-vivo) market size has grown rapidly in recent years. It will grow from $2.59 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to preclinical research and drug development, expansion of pharmaceutical and biotechnology sectors, growth in translational research, disease modeling and pathophysiology studies, academic and government funding for research..

The small animal imaging (in-vivo) market size is expected to see rapid growth in the next few years. It will grow to $4.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to development of novel imaging probes and tracers, expansion of preclinical cros (contract research organizations), integration of ai in image analysis, advanced multimodal imaging systems, 3d and high-resolution imaging for small animals, rise in research for rare and orphan diseases.. Major trends in the forecast period include molecular and functional imaging in small animals, longitudinal and real-time in-vivo imaging, hybrid imaging modalities for multimodal information, imaging of crispr-edited animals for genetics research, ai-driven phenotyping and biomarker discovery, imaging for neurodegenerative diseases and neuroscience..

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Market Drivers and Trends:
Growing expenditure in the healthcare sector is expected to propel the growth of the small animal imaging (in vivo) market going forward. 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, in May 2023, the Office for National Statistics, a UK-based statistics authority, reported that healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. UK total healthcare expenditure in 2021 was $367.25 billion (£280.7 billion), and pharmaceutical expenditure was $51.84 billion (£39.6 billion) in 2021. Furthermore, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from the previous year. Therefore, growing expenditure for the healthcare sector is driving the growth of the small animal imaging (in-vivo) market.

Technological advancement is a key trend gaining popularity in the small animal imaging (in-vivo) market. 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. 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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Major Key Players of the Market:
Bruker Corporation, PerkinElmer Inc., Miltenyi Biotec GmbH, Aspect Imaging Ltd., Mediso Ltd., Siemens AG, Life Technologies Corporation, Promega Corporation, McKesson Corporation, Integra LifeSciences Holdings Corporation, Smith & Nephew plc, B. Braun Melsungen AG, Paul Hartmann AG, Nitto Denko Corporation, Beiersdorf Aktiengesellschaft, NICHIBAN Co. Ltd., Coloplast A/S, Scapa Group plc, Milliken & Company, Winner Medical Group Inc., Hollister Incorporated, Avcor Health Care Products Inc., Advancis Medical LLC, The ASO Group, Dynarex Corporation, Jiangxi 3L Medical Products Group Co. Ltd., Berthold Technologies GmbH and Co. KG, Spectral Instruments Imaging LLC, Agilent Technologies Inc., Bioscan Inc., Gamma Medica-Ideas Inc., Genovis AB, LI-COR Biosciences, Scanco Medical AG, TriFoil Imaging Inc.

Small Animal Imaging (In-Vivo) Market 2024 Key Insights:
• The small animal imaging (in-vivo) market size is expected to see rapid growth in the next few years. It will grow to $4.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Elevated Healthcare Expenditure Fueling Growth In The Small Animal Imaging (In-Vivo) Market
• Technology Advancements Drive Growth In The Small Animal Imaging (In-Vivo) Market
• North America was the largest region in the small animal imaging (in-vivo) market in 2023

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