The prevalence of diseases such as cancer involves diagnosis, to know how the cancerous cell are evolving inside the host. This factor is used to provide effective treatment to the cancer patients. This is facilitated by the in vivo imaging techniques. Moreover, in preclinical studies it is often required to test the drug on animal models to know the mechanism of drug binding to its target and vice versa, which has increased the in vivo imaging R&D over the last few years. This facilitates the growth of In-vivo Imaging Market.
According to report published by the National Cancer Institute in 2016, which states that the number of new cancer cases were about 1.6 million in 2016, followed by an increase in the national expenditure for cancer, which was about USD 125 billion in 2010 and is expected to reach USD 156 billion by 2020.
As compared to 2014, an estimated 15,780 children and adolescents ages 0 to 19 were diagnosed with cancer and 1,960 died of the disease. The most common cancers in 2016 were to be breast cancer, lung and bronchus cancer, prostate cancer, colon and rectum cancer, thyroid cancer, kidney and renal pelvis cancer, leukaemia, endometrial cancer, and pancreatic cancer.
This will increase the demand for the diagnosis of cancer, which will boost the market. Moreover, increasing prevalence of cancer, rising R&D in imaging, and increasing healthcare expenditures will drive the growth of the global market over the review period. However, lack of awareness among people as well as skilled physician and high cost of the diagnostics method will restrain the market growth during the assessment period.
Global In-vivo Imaging Market – Competitive Analysis
Some of the key players profiled in the report are Bruker, MILabs B.V., FUJIFILM VisualSonics Inc., Mediso Ltd., LI-COR, Inc., Aspect Imaging., TRIFOIL IMAGING, MR Solutions, Biospace Lab S.A., and New England Biolabs.
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November, 2017 – Aspect Imaging presented its Embrace® Neonatal MRI System at RSNA 2017. As per company reports, it is world’s first FDA-cleared and CE-approved dedicated MRI system installed in the NICU, and was showcased at Radiological Society of North America (RSNA) conference. The company is also announced its partnership with Natus Medical Inc. as its exclusive US distributor for Embrace. Additionally, Natus Medical Inc, is one of the leading provider of healthcare products and services, had collaborated exclusively distribute Embrace® Neonatal MRI system in North America. With this partnership, Embrace will reach more infants in NICUs in the US and Canada and improve neonatal care.
June, 2017 – MILabs B.V. provides high-end molecular imaging solutions for biomedical and pharmaceutical research. MILabs Launched new 5-series pre-clinical imaging platform at SNMMI 2017. As per company reports, this integrated PET-SPECT-OI-CT imaging solution is expected to enable even more significant breakthroughs in anatomical, functional and molecular imaging.
February, 2017 – New England Biolabs presented its innovations for NGS sample preparation at AGBT 2017. In this conference, clients, collaborators, and NEB scientists showcased data on new and upcoming NEBNext® technologies for RNA sequencing, enzyme-based DNA fragmentation and methylome analysis.
The Americas holds the largest market share owing to increasing prevalence of cancer, the presence of developed countries such as the U.S. and Canada in the region.
Europe holds the second largest market share. Factors such as increasing healthcare expenditures, rapid advancements in the healthcare services and technology will boost the market.
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Asia Pacific market is expected to grow rapidly due to the presence of developing economies such as India and China, which are adopting new technologies in the medical service sector.
The Middle East & Africa will show the least growth owing the region’s low penetrance in the market. Factors such as lack of awareness and low per capita income will restrain the market in Africa. The market will be led by the countries like Saudi Arabia in the Middle East.
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