Press release
Clinical Trial Imaging Services Market Exclusive Report with Detailed Study Analysis
According to the latest research by InsightAce Analytic, the global Clinical Trial Imaging Services Market Size is valued at 1155.6 Million in 2022 and is predicted to reach 1901.2 Million by the year 2031 at a 5.8 % CAGR during the forecast period for 2023-2031.
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Clinical trial imaging services encompass a suite of offerings provided by contract research organizations (CROs) to support imaging activities in clinical trials. These services are essential for pharmaceutical, medical device, biotechnology, and related industries that rely on imaging for diagnostic and therapeutic evaluations. Typical services include project management, data management, quality control, and image analysis, and are applied across various therapeutic areas such as oncology, endocrinology, and neurology.
The primary driver of market expansion is the growing trend toward outsourcing clinical trial imaging operations, as companies increasingly recognize the value of leveraging external expertise. Advancements in medical imaging technology and the heightened adoption of imaging in clinical trials-spurred by the rising prevalence of chronic diseases that demand innovative treatment options-are also fueling growth. Moreover, increased awareness of the benefits of advanced imaging technologies, along with the development of cloud-based platforms that facilitate image sharing, is creating significant market opportunities.
North America is anticipated to be the major contributor to the Clinical Trial Imaging Services market over the forecast years. This is attributable to the increased use of imaging as an outcome in clinical trials, which encourages sponsors to outsource these services to reduce associated costs. Additionally, the presence of significant competitors like Parexel International, Biospective, Inc., ERT Clinical, and Intrinsic Imaging LLC makes clinical trial imaging services easily accessible, which in turn spurs the market's expansion in the area. In addition, the Asia Pacific Clinical Trial Imaging Services market is expected to grow significantly during the forecast period due to increased public awareness of the use of imaging in clinical testing. The upsurge in the number of clinical trials undertaken in the area, which in turn fuels the rise in demand for clinical trial services, is one of the additional reasons driving the market's expansion.
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Major market players operating in the Clinical Trial Imaging Services market include
Calyx, Biospective Inc., Bioclinica Inc., Ert Clinical, Median Technologies, Proscan Imaging, Ixico Plc, Imaging Endpoints, Intrinsic Imaging, Llc, Micron, Inc., Medpace, Inc., Pharmtrace, Icon Plc., and other Prominent Player.
Recent collaborations and agreements in the market:
• In May 2021, IXICO Plc. (UK) and biopharmaceutical client IXICO entered into a contract to provide neuroimaging services for a Phase III clinical trial.
• In February 2021, HepaFat AI software from Resonance Health Ltd. (Australia) acquired CE mark approval for market commercialization in Europe.
• In February 2021, PRA Health Science (US) was purchased by ICON Plc. (Ireland) for expanding its clinical research and global healthcare intelligence operations.
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Market Segments
Global Clinical Trial Imaging Services Market, by Service Types, 2022-2030 (Value US$ Mn)
• Clinical Trial Design & Consultation Services
• Reading & Analytical Services
• Operational Imaging Services
• Project & Data Management Services
• Other Service Types
Global Clinical Trial Imaging Services Market, by Therapeutic Areas, 2022-2030 (Value US$ Mn)
• Oncology
• Neurology
• Endocrinology
• Cardiology
• Gastroenterology
• Other Therapeutic Area
Global Clinical Trial Imaging Services Market, by End-Users, 2022-2030 (Value US$ Mn)
• Pharmaceutical & Biotechnology Companies
• Medical Device Manufacturers
• Academic & Government Research Institutes
Global Clinical Trial Imaging Services Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Clinical Trial Imaging Services Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Clinical Trial Imaging Services Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Clinical Trial Imaging Services Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Clinical Trial Imaging Services Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Clinical Trial Imaging Services Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Clinical Trial Imaging Services market
To receive an industry overview and future trends of the Clinical Trial Imaging Services market
To analyze the Clinical Trial Imaging Services market drivers and challenges
To get information on the Clinical Trial Imaging Services market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Clinical Trial Imaging Services market industry
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