PUBLISHER: Market Research Future | PRODUCT CODE: 1549984
PUBLISHER: Market Research Future | PRODUCT CODE: 1549984
Global Small Animal Imaging Market Research Report Information by Product Optical Imaging (Photoacoustic Tomography and Optical Coherence Tomography), Nuclear Imaging (Micro PET System, Micro SPECT System, Micro MRI System, Micro CT System, and Others), Reagent (Optical Image Reagent, Contrast Agent, Pet Tracers, and SPECT Probe), by Application (Monitoring Drug Treatment Programme, Bio Distribution Studies, Cancer Cell Detection, Biomarkers, and Longitudinal Studies), by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast to 2032
In 2022, the Small Animal Imaging Market is expected to be worth USD 1.12 billion. During the projected period (2023-2032), the small animal imaging market is predicted to increase at a compound annual growth rate (CAGR) of 6.87%, from USD 1.19 billion in 2023 to USD 2.32 billion in 2032. The pharmaceutical industry's increased expenditure in R&D, as well as expanding awareness of small animal research, are driving market expansion.
The increasing awareness of small animal research on a variety of fronts has a substantial impact on the growth of the small animal imaging industry. Initially, demand for sophisticated imaging technologies capable of enabling more precise and extensive studies in small animal models is increasing as more stakeholders recognize the critical role that these models play in preclinical research.
Furthermore, researchers recognize the usefulness of small animal imaging in explaining disease causes, evaluating therapeutic interventions, and predicting clinical outcomes, which is driving the adoption of novel imaging modalities. Furthermore, the industry is being boosted by growing investment and favorable regulatory settings as funding agencies, governments, and regulatory authorities become more conscious of the need of supporting small animal research.
Market segmentation insights
The Small Animal Imaging Market is segmented by product into imaging modality and reagent. Imaging modality is further subdivided into optical imaging and nuclear imaging. Imaging studies are organized into three basic categories: computed tomography (CT), magnetic resonance imaging (MRI), and ultrasonography. Additionally, optical imaging is classified into two types: photoacoustic tomography and optical coherence tomography. Nuclear imaging is further classified into five categories: micro-PET systems, micro SPECT systems, micro MRI systems, micro CT systems, and others.
The Small Animal Imaging Market is segmented by application, which includes medication treatment program surveillance, bio distribution studies, cancer cell detection, biomarkers, and long-term research.
Regional Perspectives
In 2022, the North American small animal imaging market had the highest market share. The cause for this is the rising prevalence of chronic diseases in pets in North America, as well as increased research and development activities in medicines and biotechnology.
The second-largest market share in the European small animal imaging market is due to rising demand for preclinical imaging in the pharmaceutical and biotechnology industries, increased government funding for molecular imaging research and development, and the region's strong presence of leading imaging equipment manufacturers.
The Asia-Pacific small animal imaging market is expected to increase significantly between 2023 and 2032. This is due to the region's rising healthcare spending, increased demand for preclinical research in drug discovery and development, and technological advances in imaging modalities such as MRI, CT, PET, and SPECT.
The key companies in the Small Animal Imaging Market include 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).