Press release
Strong Growth Ahead: Biologic Imaging Reagents Market Size To Grow At Arecord 8.2% Cagr By 2029
The Biologic Imaging Reagents Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Biologic Imaging Reagents Market Size Expected to Be by 2034?
The market for biologic imaging reagents has witnessed a significant expansion in recent times. It is set to rise from a size of $18.41 billion in 2024 to a size of $20.26 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. Various factors like the upsurge in chronic diseases, the escalation in research and development funding, the movement towards individualized treatments, emphasis on early detection of diseases, an upward trend in the elderly population, as well as collaborations in the field of biomedical research have all contributed to the growth experienced in the historic period.
In the next few years, substantial growth is anticipated in the market size of biologic imaging reagents, with projections indicating it could reach $27.78 billion by 2029, marking a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this expansion in the forecast period include broadening applications in drug development, an increasing need for molecular imaging, emphasis on non-invasive diagnostic techniques, a worldwide surge in cancer diagnosis, and a shift towards value-driven healthcare. Key trends likely to be witnessed during this forecast period encompass increased demand for contrast-enhanced imaging agents, the creation of targeted molecular imaging agents, the implementation of nanoparticles in imaging, the advent of fluorescent probes for in vivo imaging, and the incorporation of artificial intelligence within image analysis.
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What Are the Emerging Segments Within the Biologic Imaging Reagents Market?
The biologic imaging reagents market covered in this report is segmented -
1) By Product: Contrast Reagents, Optical Imaging Reagents, Radiopharmaceuticals
2) By Modality: Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray And Computerized Tomography (CT), Nuclear, Optical Imaging, Other Modalities
3) By Application: In Vitro, In Vivo
4) By End User: Diagnostic Laboratories, Imaging Centers, Life Science Companies, Research And Academic Institutes, Other End Users
Subsegments:
1) By Contrast Reagents: X-ray Contrast Agents, MRI Contrast Agents, Ultrasound Contrast Agents
2) By Optical Imaging Reagents: Fluorescent Dyes, Bioluminescent Reagents, Quantum Dots
3) By Radiopharmaceuticals: Diagnostic Radiopharmaceuticals, Therapeutic Radiopharmaceuticals
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What Long-Term Drivers Are Shaping Biologic Imaging Reagents Market Trends?
The rising incidence of chronic illnesses is anticipated to boost the expansion of the biologic imaging reagents market. Chronic diseases are those that last at least a year and call for ongoing medical attention and can gradually worsen. These conditions necessitate the use of biologic imaging reagents for detection and diagnosis by revealing organs and disease-affected structures. For example, in 2022, the American Cancer Society predicted about 1.9 million new cancer diagnoses and 609,360 cancer-related fatalities in the United States. Additionally, in January 2023, it was projected by the National Library of Medicine that by 2050, the figure of Americans aged 50 or above with at least one chronic condition would surge by 99.5%, going from 71.522 million to 142.66 million. The rising prevalence of chronic diseases is a critical driver for the growth of the biologic imaging reagents market. The significant role of biologic imaging reagents in the advancement of personalized medicine landscape is another key driver for market growth. There is a rising demand for personalized medicine which projects a positive impact on the biologic imaging reagents market. Personalized medicine is a treatment approach customized to the unique traits of each patient. Biologic imaging reagents play a crucial role in personalized medicine as they allow the visual representation and assessment of biological processes at a molecular and cellular level, suited for each patient. As per the Personalized Medicine Coalition in 2022, the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs), out of which around 34% or 12, were classified as personalized medicines. This growing trend towards personalized medicine reinforces the expansion of the biologic imaging reagents market.
Who Are the Top Competitors in Key Biologic Imaging Reagents Market Segments?
Major companies operating in the biologic imaging reagents market report are Cardinal Health Inc., Johnson And Johnson Services Inc., Bayer Healthcare AG, Thermo Fisher Scientific Inc., Siemens Healthcare GmbH, Dickinson and Company (BD), Koninklijke Philips N.V., GE HealthCare Technologies Inc., Stryker Corporation, FluoroPharma Medical Inc., Lonza Group AG, Illumina Inc., PerkinElmer Inc., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Bracco Diagnostics Inc., Leica Microsystems GmbH, Lantheus Medical Imaging Inc., Guerbet SA, Miltenyi Biotec B.V. and Co. KG, Promega Corporation, Abcam plc., Luminex Corporation, MILabs, LI-COR Biosciences, FUJIFILM VisualSonics Inc., Advanced Proteome Therapeutics Incorporated, BIOPRO Baden-Württemberg GmbH, ABX Advanced Biochemical Compounds GmbH
What Are the Major Trends Shaping the Biologic Imaging Reagents Market?
Prominent corporations in the market for biologic imaging reagents are concentrating on the production of innovative reagents, like innovative dye technology, which gives researchers and clinicians a fresh medium for enhancing the sensitivity and specificity of biologic imaging. This innovative dye technology involves the creation of new dyes for several applications, such as biological imaging. In one example from April 2022, the US medical device firm Becton, Dickinson, and Company released BD Horizon RealYellow 586 Reagents and RealBlue Reagents. This contemporary set of reagents facilitates researchers with increased data resolution and deeper insights from samples compared to standard fluorochrome. It is made possible by using cutting edge dye technology and the supervision of artificial intelligence (AI). The AI method examined existing data from excitation and emission profiles of commercially available fluorochromes before determining optimal locations in laser lines for the creation of innovative dyes.
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Which Regions Are Becoming Hubs for Biologic Imaging Reagents Market Innovation?
North America was the largest region in the biologic imaging reagents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biologic imaging reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biologic Imaging Reagents Market?
2. What is the CAGR expected in the Biologic Imaging Reagents Market?
3. What Are the Key Innovations Transforming the Biologic Imaging Reagents Industry?
4. Which Region Is Leading the Biologic Imaging Reagents Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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