In Vivo Imaging Market 2019 Size, Growth and Clinical Research By Application (Nuclear Imaging, Optical Imaging), By Techniques (Radioisotopes, Biomarkers, And Luminescent Proteins Based), And By End Users (Hospitals & Clinics, Imaging Centers, Research Organizations)- Global Forecast Till 2023.
Market Overview
Small Animal (In vivo) imaging is the visualization of different life processes in an organism. Based on this visualization, abnormalities within the biological systems can be diagnosed as specific diseases. In vivo imaging can be referred to the visualization of various life processes in an organism. Any abnormality prevailing in the biological system can be diagnosed as the presence of disease. It involves the studying the interaction of cells with biomarkers, radioisotopes, irradiations with electromagnetic radiations or luminescent proteins. It facilitates the early detection of biological abnormalities and helps to curb the ill effects.
Several factors attributing to such acceleration in growth include a rise in the global burden of diseases, a rise in the demand for effective diagnosis, and growing need for real-time monitoring of the treatment’s efficiency through the therapeutic period is also on the rise. This has led to the fast-paced development of different in-vivo techniques that aid in better monitoring and diagnosis at molecular levels. Such technological advancements are causative to the growth of the Small Animal (In vivo) imaging market to a great extent.
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Market Key Players Competitive Analysis
The global Small Animal (In vivo) imaging market is driven by various strategic moves undertaken by several market giants. Some of these prominent players are profiled in the latest MRFR analysis including Bruker, MILabs B.V., Mediso Ltd., Biospace Lab S.A., FUJIFILM VisualSonics Inc., LI-COR, Inc., TRIFOIL IMAGING, Aspect Imaging., MR Solutions, and New England Biolabs.
Moreover, a report by the National Cancer Institute published in 2016 states that about 1.6 million new cases of cancer were diagnosed in 2010 and the national expenditures for cancer expected to reach USD 156 billion by 2020 from USD 125 billion in 2010. Therefore based on these facts, it can be calculated that the market for in-vivo imaging will expand along with the increasing demands for diagnosis and research on cancer. This will enable the U.S. to lead the market.
Market Segmentation
The global Small Animal (In vivo) imaging market is studied for various segments for a detailed and accurate analysis. Such segmentation has been carried out by application, end-users, techniques, and region.
Based on applications, the global Small Animal (In vivo) imaging market is segmented into optical imaging and nuclear imaging.
Based on techniques, the global Small Animal (In vivo) imaging market is segmented into biomarkers based, radioisotopes based, and luminescent proteins-based techniques.
Based on end-users, the global Small Animal (In vivo) imaging market is segmented into imaging centers, hospitals and clinics, and research organizations.
Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porter’s Five Forces Analysis
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger And Acquisition Landscape
5.7 Upcoming Trends
5.7.1 Market Trends
5.7.2 Technological Trends
5.7.3 Insurance & Regulations
5.7.4 Others
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Detailed Regional Analysis
Based on geography, the global Small Animal (In vivo) imaging market is segmented into the Americas, Asia Pacific, Europe, and the Middle East & Africa. Among these regions, the Americas are expected to spearhead the global Small Animal (In vivo) imaging market over the forecast period. This market command can be attributed to the growing prevalence of chronic diseases such as cancer. Additionally, the presence of developed countries such as the US and Canada is likely to augment the Small Animal (In vivo) imaging market in the region.
Europe is likely to trail close behind the Americas, garnering the second largest share in the global Small Animal (In vivo) imaging market over the assessment period. This fast-paced market growth can be credited to the growing healthcare expenditure. Furthermore, rapid technological advancements in the healthcare sector are estimated to push the regional Small Animal (In vivo) imaging market during the assessment period.
Asia Pacific is expected to ascend at an accelerated pace during the review period. Attributable factors include the presence of many developing economies, such as India and China. These economies are adopting the latest technologies in the medical sector.
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Alternatively, the Middle East & Africa are expected to showcase sluggish growth during the conjectured period. This can be accredited to slow ingression of advanced healthcare technologies in the region. Apart from this, a lack of awareness and a low per capita income in the region are further slowing down the Small Animal (In vivo) imaging market growth in the region.
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