Market Research Future (MRFR) has published on the “Global Small Animal Imaging Market”.
The small animal imaging market is estimated to register a CAGR of 6.87% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global small animal imaging market— Bruker (US), Analytik Jena GmbH+Co. KG (Germany), Aspect Imaging Ltd (US), MR Solutions (UK), FUJIFILM Holdings Corporation (Japan), MILabs B.V. (Netherlands), Trifoil Imaging (US), Mediso Ltd (Hungary), LI-COR, Inc (US), and Heska Corporation (US).
Small Animal Imaging Market Highlights
The global small animal imaging market is accounted for to register a CAGR of 6.87% during the forecast period and is estimated to reach USD 2.32 billion by 2032.
Technological advancements in small animal imaging are revolutionizing the field and unlocking new opportunities within the small animal imaging market. Innovations such as high-resolution micro-CT scanners and cutting-edge molecular imaging modalities are enhancing researchers' ability to visualize and understand biological processes in small animals with unprecedented detail and accuracy. For instance, in May 2019: Moving towards a new age of small animal imaging research, a collaborative study between McGill University (Canada) and the University of Antwerp (Belgium) allowed PET scanning on animals without the use of anesthesia. This PET imaging platform is capable of simultaneously scanning multiple animals while they are awake. Furthermore, technological strides not only enhance the efficiency and effectiveness of preclinical research but also pave the way for breakthroughs in understanding disease mechanisms and developing novel therapeutic interventions, creating a flourishing opportunity for the small animal imaging market.
The increasing R&D investment by pharmaceutical industry and rising awareness of small animal research are propelling market growth. However, Strict Regulations Governing on Small Animal Research are expected to hamper the growth of the global market. Nevertheless, Technological treatment for orthopedic-associated staphylococcus aureus infection and the growing Technological advancements in small animal imaging for preclinical studies is projected to create lucrative opportunities for market.
Explore In-depth Details: Small Animal Imaging Market Trends Report
Segment Analysis
The global small animal imaging market has been segmented based on Product and Application.
On the basis of Product, the market is segmented includes Imaging modality and reagent. Imaging Modality is further segmented into Optical Imaging and Nuclear Imaging. Imaging studies bifurcated into computed tomography (CT), magnetic resonance imaging (MRI), ultrasonography. Further, optical Imaging is further segmented into Photoacoustic Tomography and Optical Coherence Tomography, and Nuclear Imaging is further segmented into Micro PET System, Micro SPECT System, Micro MRI System, Micro CT System, and Others. The imaging modality segment was attributed to holding the largest market share of over 54.36% in 2022 revenue as estimated by MRFR analysts. This is due to nuclear imaging techniques offer high sensitivity, allowing for the detection of low concentrations of radiotracers within tissue and Optical imaging techniques, such as bioluminescence and fluorescence imaging, provide high spatial resolution, enabling researchers to visualize molecular and cellular events at the tissue and subcellular levels in small animal models.
Further, we estimate that the market segment would continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new product launches.
On the basis of the application, the market is segmented into monitoring drug treatment programme, bio distribution studies, cancer cell detection, biomarkers, longitudinal studies. The distribution studies segment is projected to have the largest market share during the forecast period. This is due to the increasing collaboration among researchers, veterinarians, imaging technologists and the drug administration and imaging procedures.
Regional Analysis
The global small animal imaging market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe small animal imaging market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The small animal imaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s small animal imaging market comprises of Middle East, Africa, and Latin America.
The presence of key market players in the region, rising prevalence of chronic diseases in pets, and the growing demand for personalized medicine and targeted therapies in veterinary healthcare are expected to foster North America’s market growth. Moreover, increasing investments in research and development of novel imaging agents and technologies. are expected to support market growth.
Moreover, the Europe market has been persistently growing owing to strategic collaborations, strong presence of leading imaging equipment manufacturers in the region, and the rising adoption of small animal imaging in academic research institutes across the region.
Additionally, market factors, growing demand for preclinical imaging in pharmaceutical and biotechnology industry n the market are driving the region’s growth.
Furthermore, the rest of the world's small animal imaging market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of the small animal imaging market in the region are the Increasing collaborations between academic institutions and industry players for research and development, and the rising healthcare expenditure in the Middle East region.
Key Findings of the Study
- The global small animal imaging market is expected to reach USD 2.32 billion by 2032, at a CAGR of 6.87% during the forecast period.
- Asia-Pacific accounted for the fastest-growing global market, owing to the government initiatives and investments, rising adoption of molecular imaging techniques for studying biological processes, and technological advancements in imaging modalities such as MRI, CT, PET, and SPECT in the region.
- Based on product, the imaging modality segment was attributed to holding the largest market in 2022, with an approximate market share of around 54.36%
- Bruker (US), Analytik Jena GmbH+Co. KG (Germany), Aspect Imaging Ltd (US), MR Solutions (UK), FUJIFILM Holdings Corporation (Japan), MILabs B.V. (Netherlands), Trifoil Imaging (US), Mediso Ltd (Hungary), LI-COR, Inc (US), and Heska Corporation (US) are the key market players.
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Base Year | 2019 |
Companies Covered | 15 |
Pages | 124 |
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