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Key Trends Influencing the Growth of the Small Animal Imaging (In-Vivo) Market in 2025: Technology Advancements Drive Growth In The Small Animal Imaging (In-Vivo) Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Small Animal Imaging (In-Vivo) Market Through 2025?
In recent times, the market size of small animal imaging (in-vivo) has observed a speedy growth. The market, which is anticipated to be at $2.84 billion in 2024, is predicted to reach $3.15 billion in 2025, showing a compound annual growth rate (CAGR) of 11.0%. The substantial growth during the historical phase can be associated with factors such as increased preclinical research and drug development, enlargement of the pharmaceutical and biotechnology sectors, progress in translational research, studies into disease modeling and pathophysiology, and increased academic and governmental research funding.
What's the Projected Size of the Global Small Animal Imaging (In-Vivo) Market by 2029?
A significant escalation is anticipated in the small animal imaging (in-vivo) market during the forthcoming years, where it's projected to magnify to $4.98 billion in 2029, registering a compound annual growth rate (CAGR) of approximately 12.1%. The substantial enlargement foreseen is principally ascribed to the invention of innovative imaging probes and tracers, the broadening of preclinical CROs (contract research organizations), the integration of artificial intelligence in image interpretation, the enhancement of multimodal imaging systems, 3D as well as high-definition imaging purposed for small animals, and an increase in research focused on scarce and orphan illnesses. The forecast period beholds key trends such as molecular and functional imaging of miniatures, longitudinal and real-time imaging performed in-vivo, hybrid imaging techniques offering multimodal data, imaging of CRISPR-engineered animals for genetic studies, AI-led phenotyping, and biomarker discovery, as well as imaging focused on neurodegenerative conditions and neuroscience.
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Top Growth Drivers in the Small Animal Imaging (In-Vivo) Industry: What's Accelerating the Market?
The acceleration in healthcare sector expenditures is anticipated to boost the small animal imaging (in vivo) market's expansion. This refers to the total healthcare cost, encompassing both public and private spending, represented as a proportion of GDP. The rise in healthcare expenditures and the growing awareness of healthcare have spurred the idea of self-care management, involving the use of PET equipment in small animal imaging techniques. For instance, according to a May 2024 report by the UK's Office for National Statistics, healthcare spending in the UK saw a nominal increase of 5.6% in 2023 and a real-terms increase in long-term health and social care expenditure of 2.8% in 2022. Hence, the expanding expenditures in the healthcare sector are propelling the growth of the small animal imaging (in-vivo) market.
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Which Fast-Growing Trends Are Poised to Disrupt the Small Animal Imaging (In-Vivo) Market?
The surge in technological development is a prominent trend observed in the in-vivo small animal imaging market. Notably, leading companies in this market are placing a strong emphasis on these technological enhancements to solidify their market position. For example, PerkinElmer, Inc., a US firm with interests in sectors like diagnostics, life science research, and imaging, unveiled the Vega imaging system in April 2022. This is an advanced automated ultrasound platform. The platform comprises two automated transducers, offering user-friendly technology and consistent results, enhancing the visualization of disease pathophysiology.
What Are the Main Segments in the Small Animal Imaging (In-Vivo) Market?
The small animal imaging (in-vivo) market covered in this report is segmented -
1) By Component: Micro-MRI, Optical Imaging, Nuclear Imaging, Other Components
2) By Application: Monitoring Treatment Response, Bio Distribution, Determining Drug or Target Engagement, Cancer Cell Detection, Biomarkers, Longitudinal Studies, Epigenetics
3) By End User: Veterinary Clinics, Veterinary Hospitals, Veterinary Institutes and Research Centers
Subsegments:
1) By Micro-MRI: High-Field Micro-MRI Systems, Low-Field Micro-MRI Systems, MRI Contrast Agents
2) By Optical Imaging: In Vivo Fluorescence Imaging Systems, Bioluminescence Imaging Systems, Optical Coherence Tomography Systems
3) By Nuclear Imaging: Positron Emission Tomography (PET) Scanners, Single Photon Emission Computed Tomography (SPECT) Systems, Radioactive Tracers
4) By Other Components: X-Ray Imaging Systems, CT Imaging Systems, Ultrasound Imaging Systems
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Which Top Companies are Driving Growth in the Small Animal Imaging (In-Vivo) Market?
Major companies operating in the small animal imaging (In-Vivo) market include Bruker Corporation, PerkinElmer Inc., Miltenyi Biotec GmbH, Aspect Imaging Ltd., Mediso Ltd., Siemens AG, Life Technologies Corporation, Promega Corporation, 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.
Which Regions Will Dominate the Small Animal Imaging (In-Vivo) Market Through 2029?
North America was the largest region in the small animal imaging (in-vivo) market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the small animal imaging (in-vivo) market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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