Small Animal Imaging Market

SKU: DMVH1082 | Last Updated On: Sep 20 2022 | Available Formats

>Small Animal Imaging Market Expected to reach a high CAGR 7% By 2029:

Small Animal Imaging Market is segmented By Technology (Micro-MRI, Optical Imaging, Nuclear Imaging), By Applications (Epigenetics, Biomarkers, Longitudinal Studies, Biodistribution Studies, Cancer Cell Tetection), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Small Animal Imaging Market is expected to grow at a high CAGR 7% during the forecasting period (2022-2029). Small animal imaging is a technique used for imaging biological processes in small animals such as rats and mice for drug development and gene expression studies. The devices used in the small animal imaging are similar to the devices used for diagnostic purposes in humans, however, due to the smaller size, they are known as microdevices.

Small Animal Imaging Market Dynamics

The global market for the small animal imaging market is primarily driven by growing demand for small animal imaging techniques, technological advancement in the field of small animal imaging, and rising investment in the development of new diagnostic and therapeutic devices. According to National Health Services (NHS) UK, the diagnostic imaging data showed that around 39.8 million imaging tests were registered during 2015 in England. In addition, with increasing research activities focused on gene expression and its link with a number of diseases in small animals, the small animal imaging market is growing globally.

However, the growth of the small animal imaging market is restrained by the regulations imposed by governments on usage of animals in experiments and requirement of high operational & installation costs. The procedure and technological aspects also face challenges in the small animal imaging market.

Small Animal Imaging Market Segmentation

On the basis of devices, optical imaging devices occupied the largest market in 2018 due to rapid and easy operations and relatively cost-effective in comparison to other devices. The Micro-MRI devices segment is the fastest-growing segment over the forecast period (2019-2026) due to various applications during anatomical and functional analysis in developing mouse embryos and neonates.

Micro-ultrasound segment is also growing due to its wider range of applications especially in research related to small animal models. It is the miniature version of ultrasound that increases the efficiency of the imaging techniques. In addition, they reduce the number of animals required for a particular study. The high-frequency micro-ultrasound steadily evolved in the post-genomic era as a rapid, comparatively inexpensive imaging tool for studying normal development and models of human disease in small animals. Hence, the micro-ultrasound imaging system is growing for small animals.

Small Animal Imaging Market

Metrics

Details

Market CAGR

7%

Segments Covered

By Technology, By Applications, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Small Animal Imaging Market Geographical Share

North America is dominating the global small animal imaging market with the highest market size in 2018 and is estimated to hold the largest market share over the forecast period (2019-2026), due to growing demand for technologically advanced methods, vast pre-clinical research, established healthcare infrastructure, and favorable platform for R&D to technological advancements. For instance, in 2015, the National Institute of Health (NIH) received 1 Billion US$ for life science and health-related research and development programs. In addition, the presence of major players such as Bruker Corporation, PerkinElmer Inc., Trifoil Imaging, and LI-COR Biosciences in this region is contributing to the growth of the North American small animal imaging market.

The Europe small animal imaging market is also growing with a significant CAGR over the forecast period (2019-2026) and is expected to hold highest market size in the global small animal imaging market due to increasing R&D investments by pharmaceutical companies and a growing number of research organizations for diagnosis of diseases. For instance, the European Commission stated that the R&D spending by pharmaceuticals and biotechnology sector grew by 8.7% in 2014.

Small Animal Imaging Market Competition

Some of the major players in the Small Animal Imaging market include Thermo Fisher Scientific, Life Technologies Corporation, PerkinElmer, Inc, Siemens AG, Bruker Corporation, Aspect Imaging Ltd., Promega Corporation, Trifoil Imaging, Miltenyi Biotec GmbH, MR solutions Ltd, among others. The key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. For instance, in 2018, MediLumine launched the PRISM In Vivo Imaging System. The system has the world's most sensitive EMCCD camera, a camera used by NASA for astrophysics and now available for in vivo imaging. The system's ability to detect bioluminescent or fluorescent NIR signals deep in the organism is unsurpassed.

Frequently Asked Questions

What is the Projected CAGR value of the Small Animal Imaging Market?

Small Animal Imaging Market is expected to grow at a CAGR of 7% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Small Animal Imaging Market during 2022-2029

Which is the fastest growing region in the Small Animal Imaging Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

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