Small Animal Imaging Market Size And Forecast

The global Small Animal Imaging market was valued at US$ 2,740.0 Mn in 2020 and is projected to reach US$ 4,879.3 Mn by 2027, growing At a CAGR of 8.6% from 2020 to 2027.

According to new informative report by Coherent Market Insights an analytical data of Small Animal Imaging market has recently added to its massive database. The research report covers various business verticals. It was added based on various dynamic aspects of the business. This statistical report has been prepared using primary and secondary research methods. Well explained Porter’s five analysis and SWOT analysis have been used to examine the strength, weaknesses, threats and opportunities.

>>> Get | Request Sample Report @
https://www.coherentmarketinsights.com/insight/request-sample/692

To Learn More:  Download Report PDF

What are Small Animal Imaging?

Small animal imaging is a technique employed using devices and reagents for imaging biological processes in animals such as rats and mice for drug development and gene expression studies. Small animal imaging devices are similar to the devices used for diagnostic purposes in human, due to the smaller size they are referred as micro devices. The analysis provided by using small animals imaging system can provide valuable information in preclinical or phase I stage of clinical trials and to understand the activity of pharmaceutical compounds. Small animal imaging is classification and measurement of biological processes at molecular level which involves the study of targeted molecule that is used in clinical research for drug development.

Statistics:

The global small animal imaging market is estimated to account for US$ 2,740.0 Mn in terms of value by the end of 2020.

Global Small Animal Imaging Market: Drivers

Increasing adoption of multimodal and optical imaging devices is expected to propel growth of the global small animal imaging market over the forecast period. This can be attributed to cost effectiveness and easy handling of multimodal and optical imaging devices. Additionally, growing concerns with respect to reducing radiation exposure to animals has led to the combination of PET with MRI.

Global Small Animal Imaging Market: Opportunities

High prevalence of chronic disorders is expected to offer lucrative growth opportunities for players in the global small animal imaging market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Global Small Animal Imaging Market: Restraints

Long shelf life of preclinical imaging devices is expected to render early saturation of the market. As compared to contrast reagents, the shelf life of imaging devices is between 10 years and 15 years. Due to such a long product life cycle, consumers are less likely to purchase or replace these devices due to high investment. Therefore, the growth rate or saturation of the devices market is likely to happen much earlier as compared to the reagents, affecting the small animal imaging market across the globe.

Key Takeaways:

The global small animal imaging market was valued at US$ 2,562.3 Mn in 2019 and is forecast to reach a value of US$ 4,879.3 Mn by 2027 at a CAGR of 8.6% between 2020 and 2027. Increasing adoption of multimodal and optical imaging devices is expected to propel growth of the global small animal imaging market over the forecast period.

Oncology segment held dominant position in the global small animal imaging market in 2019, accounting for 38.7% share in terms of value, increasing prevalence of cancer during the forecast period is anticipated to assist the segment growth

Market Trends

Major players in the global small animal imaging market are focused on launching new products to expand their product portfolio. For instance, in May 2018, MR Solutions launched a continuous PET detection system for offering better imaging solutions to researchers.

Increasing adoption of small animal imaging products is expected to propel growth of the market. For instance, in May 2020, Norway’s arctic university Tromsø installed MR Solutions’ high field, dry magnet, PET-MR imaging system.

Global Small Animal Imaging Market: Competitive Landscape   

Major players operating in the global small animal imaging market include, Agilent Technologies, Inc., Aspect Imaging, Bruker Corporation, TriFoil Imaging, Inc., LI-COR Biosciences, Inc., FujiFilm VisualSonics, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, Hallmarq Veterinary Imaging, and SCANCO Medical AG.

Global Small Animal Imaging Market: Key Developments

Major players in the global small animal imaging market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2020, Hallmarq Veterinary Imaging partnered with the Dolly Green Research Foundation on Standing MRI Unit at Santa Anita Racetrack.

Detailed Segmentation

By Product Type:

• • Devices
    • CT
    • MRI
    • PET/SPECT
    • Multimodal
    • Optical Imaging
    • Ultrasound
    • PAT
  • Reagents

By Application:

• • Oncology
  • Cardiology
  • Autoimmune diseases
  • Neurology and Psychiatry
  • Others

Small Animal Imaging Market by Geography Analysis::

North America (The US, Canada, and Mexico)

Europe (the UK, Germany, France, and Rest of Europe)

Asia Pacific (China, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Key Players In Small Animal Imaging Market

The “Global Small Animal Imaging Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are PerkinElmer Incorporated, Bruker Corporation, Fujifilm Holdings Corporation, Mediso Ltd., Thermo Fisher Scientific, MR solutions Ltd., Aspect Imaging, Miltenyi Biotec GmbH, Life Technologies Corporations, Trifoil Imaging, and many others.

Reasons to Purchase this Report

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post sales analyst support

Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/692

What is Small Animal Imaging Market?

What are the key driving factors for the growth of Small Animal Imaging Market?

What are the top players operative in Small Animal Imaging Market?

What segments are covered in Small Animal Imaging report?

How can I get sample report/company profiles of Small Animal Imaging Market?

Customization of the Report

In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: [email protected]
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

The post Small Animal Imaging Market to offer lucrative growth opportunities for players: Agilent Technologies, Aspect Imaging, Bruker Corporation, TriFoil Imaging appeared first on Gatorledger.