Small animal imaging involves devices and reagents used for preclinical imaging of rats and mice for the development of drugs, developmental studies, gene expression and various other research activities. These devices are similar to imaging modalities used for diagnostic purposes in humans, however due to the smaller size are generally referred as micro devices. Customers in this market include research laboratories, academic institutes, pharmaceutical companies and contract research organization (CRO). Academic institutes and research laboratories are the largest customer segment of these devices and reagents, while CROs are next lucrative target.
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Global Small Animal Imaging Market: Drivers
Growing applications of preclinical imaging modalities in drug discovery and biotechnology research is increasing the installation of small animal imaging devices, thereby aiding in growth of the global small animal imaging market. Preclinical imaging is currently one of the most powerful and clinically translatable methods for monitoring disease progression. Early image-based indications from preclinical studies are being increasingly used for effective enrolment of patients or switching of treatment paradigm, which eventually saves time and money with respect to bringing novel drugs in the market.
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 World Cancer Research Fund, colorectal cancer is the third most commonly occurring cancer in men and the second most commonly occurring cancer in women. There were over 1.8 million new cases in 2018.
Major players operating 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.
Global Small Animal Imaging Market: Restraints
High device development cost is expected to hinder growth of the global small animal imaging market. For instance, a micro-PET system costs between US$ 400,000 and US$ 1,200,000 based on the system configuration and brand. Micro-MRI, one of the most vital and commonly employed instruments in the preclinical setup, costs between US$ 4 million and US$ 5 million.
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Covid-19 Impact Analysis:
Globally, as of 6:45pm CET, 23 November 2021, there have been 257,469,528 confirmed cases of COVID-19, including 5,158,211 deaths, reported to WHO. As of 22 November 2021, a total of 7,408,870,760 vaccine doses have been administered. The emergence of Covid-19 has led to adoption of PPE such as medical grade mask and other equipment during research activities.
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.
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
Europe is expected to witness significant growth in the global small animal imaging market, owing to increasing adoption of imaging solutions. For instance, in May 2020, arctic University Tromsø, Norway, installed MR Solutions’ high field, dry magnet, PET-MR imaging system.
Major players operating 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.
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, FujiFilm VisualSonics, Inc., Hallmarq Veterinary Imaging, LI-COR Biosciences, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, SCANCO Medical AG, and TriFoil Imaging, Inc.
Reasons To buy The Small Animal Imaging Market Report:
➛ In-depth analysis of the market on the global and regional levels.
➛ Major changes in market dynamics and competitive landscape.
➛ Segmentation on the basis of type, application, geography, and others.
➛ Historical and future market research in terms of size, share growth, volume, and sales.
➛ Major changes and assessment in market dynamics and developments.
➛ Emerging key segments and regions
➛ Key business strategies by major market players and their key methods.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Small Animal Imaging Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Small Animal Imaging Industry Impact
Chapter 2 Global Small Animal Imaging Competition by Types, Applications, and Top Regions and Countries
2.1 Global Small Animal Imaging (Volume and Value) by Type
2.3 Global Small Animal Imaging (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Small Animal Imaging Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Small Animal Imaging Market Analysis
Chapter 6 East Asia Small Animal Imaging Market Analysis
Chapter 7 Europe Small Animal Imaging Market Analysis
Chapter 8 South Asia Small Animal Imaging Market Analysis
Chapter 9 Southeast Asia Small Animal Imaging Market Analysis
Chapter 10 Middle East Small Animal Imaging Market Analysis
Chapter 11 Africa Small Animal Imaging Market Analysis
Chapter 12 Oceania Small Animal Imaging Market Analysis
Chapter 13 South America Small Animal Imaging Market Analysis
Chapter 14 Company Profiles and Key Figures in Small Animal Imaging Business
Chapter 15 Global Small Animal Imaging Market Forecast (2021-2027)
Chapter 16 Conclusions
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