Press release
Preclinical Imaging Market to Surge to USD 7.03 Billion by 2032: Growth at 3.98% CAGR
Global Preclinical Imaging Market
The global Preclinical Imaging market is surging, valued at USD 4.76 billion in 2024 and projected to expand at a CAGR of 3.98% from 2024 to 2032, reaching approximately USD 7.03 billion by 2032 . This growth is driven by expanding drug discovery initiatives, rising biomedical research, and rapid technological advancements in non-invasive imaging-especially micro‐CT, PET, and MRI-enabling unprecedented insights at molecular and cellular levels.
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◉ Market Highlights & CAGR Insights
2024 market size: USD 4.76 billion
Forecast CAGR: 3.98% (2024-2032)
2032 projection: ~USD 7.03 billion
Leading segment: Optical imaging-widely used in small-animal imaging and drug discovery
◉ Competitive Landscape
Major players include Bruker Corporation, Siemens AG, General Electric (GE), TriFoil Imaging, PerkinElmer, Inc., FUJIFILM SonoSite, Mediso Ltd., Agilent Technologies, MILabs B.V., among othersTheir focus: developing integrated platforms, service expansion, and strategic collaborations to enhance system capabilities and streamline workflows.
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◉ Regional Demand & Growth
North America Leads Demand
Dominating the preclinical imaging landscape, North America continues its leadership due to strong R&D investment and advanced infrastructure
Rising Growth in Asia-Pacific
APAC presents a dynamic growth opportunity, attributed to increasing adoption in China, India, Japan, South Korea, Vietnam, and others-driven by low-cost clinical studies and government support
◉ Country-Specific Developments
Vietnam: Growth Opportunities in Preclinical Imaging
Vietnam's imaging market is gaining traction through government-funded research and partnerships with instrument providers. Investment is increasing, though limited domestic players currently delay consolidation.
Thailand: Trends & Expansion in Imaging
Thailand's universities and CROs are adopting optical imaging and micro-MRI systems. Public-private collaborations are on the rise, fueling technology upgrades and research outsourcing.
Japan: High-End Imaging Consolidation
As a global technology hub, Japan is witnessing consolidation among imaging giants. Fujifilm and Shimadzu are enhancing integrated optical and CT systems. M&A in reagent and imaging agent segments is emerging, boosting product breadth.
South Korea: Updation Through Innovation
South Korean firms are advancing multimodal imaging platforms. Collaborations with Siemens and GE bring AI-powered imaging upgrades. Ongoing R&D investments are reshaping the preclinical imaging approach.
Singapore: Benchmarking Growth
Singapore leads Asia in CRO services, integrating high-resolution micro-CT and PET/SPECT. Its status as a pharmaceutical hub makes it a magnet for global imaging tech providers eyeing the APAC market.
United States: Consolidation & Opportunity
The U.S. market has seen several strategic M&A activities, including a major recent acquisition of a niche imaging reagent startup by PerkinElmer (Q4 2024). Such moves indicate a trend toward consolidating capabilities in imaging reagents and integrated services.
China: Booming Trends & Integrations
China is experiencing exponential adoption of imaging technologies. Local firms are forming joint ventures with Western companies to commercialize optical and multimodal systems. Regulatory easing is accelerating approval cycles.
Europe: Consolidation & Competitive Trends
Europe, the second-largest market after North America, is witnessing consolidation, especially among reagent suppliers like Bracco Imaging and Bayer Healthcare. Cross-border collaborations are enhancing access to high-end imaging systems.
◉ Mergers & Acquisitions Highlights
PerkinElmer acquired a U.S.-based preclinical imaging reagent startup in late 2024.
European reagent leaders moved to consolidate portfolios within 2023-24 via mergers.
Asia‐Pacific alliances include instrument joint ventures between local firms in Japan, South Korea, and Singapore with global vendors.
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◉ Preclinical Imaging Market Segment Analysis
by Product
Optical Imaging
CT Imaging
MRI Imaging
PET/SPECT Imaging
Multi-modal Imaging
Ultrasound Imaging
Photoacoustic Imaging
Reagents
Services
by Application
Research and Development
Drug Discovery
by End User
Pharma and Biotech Companies
Research Institutes
Others
◉ Key Recent Developments
Bruker Corporation unveiled a high‐throughput micro‐CT system in early 2025, enabling faster animal-model imaging.
Siemens AG integrated AI-enhanced PET/MRI into its preclinical lineup.
GE Healthcare launched a new optical imaging reagent approved in Europe mid‐2024.
Regional CROs across APAC expanded services by adopting multimodal platforms from Mediso and MILabs.
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