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Preclinical Imaging Market is projected to grow at a CAGR of 3.5% to US$ 4.7 billion by 2032

The Preclinical Imaging Market is projected to reach a valuation of US$ 3.3 billion in 2022 and to grow at a CAGR of 3.5% to US$ 4.7 billion by the end of 2032. According to a recent analysis by Future Market Insights, MRI imaging will dominate the global preclinical imaging market in 2021 with a share of roughly 18.9%.

The global preclinical imaging market projected to reach a valuation of US$ 3.3 billion in 2022 and to grow at a CAGR of 3.5% to US$ 4.7 billion by the end of 2032.

For research purposes only, preclinical imaging is used to visualise living creatures. This study may be for the discovery of new drugs or for other causes. Imaging tools are crucial for observing the changes in organs, cells, or tissues that occur in animals as a result of environmental or physiological changes. Imaging techniques are regarded as crucial for studying animals because they are often non-invasive and in vivo.

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Preclinical imaging can be done using a variety of modalities, including optical, ultrasonic, photoacoustic (PAT), CT, MRI, PET/SPECT, multimodal, and photon emission tomography (PET).

Aside from the aforementioned variables, the preclinical imaging market has tremendous growth potential and is anticipated to do so during the projected period. The preclinical imaging market is anticipated to be driven by factors such as the development of preclinical imaging technology and the rising use of molecular imaging technology as a tool for drug development.

Additionally, businesses are collaborating with pharmaceutical and biotechnology firms to broaden their regional reach, which is anticipated to fuel the growth of the worldwide preclinical imaging market throughout the forecast period.

Preclinical Imaging Market: Drivers and Restraints

Technical innovation and discretionary spending are what drive the preclinical imaging market demand, which is anticipated to continue to grow throughout the projected period. The need for preclinical imaging solutions is also being fueled by the growth of clinical research organisations (CROs), research and development organisations, biotechnology and pharmaceutical businesses, and other end users.

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Encouragement for research and development, huge investments by government for research and need for drug development is expected to witness robust market growth during the forecast period. Moreover increasing applications such as life sciences, cosmetic industry and others for preclinical products is another factor that is expected to drive growth of the global preclinical imaging market over the forecast period.

However, high cost of preclinical imaging systems and lack of awareness regarding preclinical imaging technology is expected to impede revenue growth of the preclinical imaging market over the forecast period.

Preclinical Imaging Market: Regional Overview

Geographically, the global Preclinical Imaging Market, is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA).

North America dominates the global preclinical imaging market followed by Europe. North America and Western Europe regions are expected to witness robust growth due to increase in research and development and with the number of developed research infrastructure is expected to fuel the revenue growth in these regions. APEJ is expected to witness significant growth as compared to other regions and countries owing to government programs for preclinical imaging and funding for research and development expected to fuel market growth in this region. Moreover, rapidly expanding contract research organization in this region is expected to have a significant impact on the market growth.  However, increasing research and educational institutes may boost the growth of preclinical imaging market in these regions during the forecast period.

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Preclinical Imaging Market: Key Players

Some of the players operating in the market for preclinical imaging market are Bruker Corporation, Thermo Fisher Scientific, General Electric, PerkinElmer, Inc., VisualSonics, Inc., MILabs B.V., Siemens A.G., TriFoil Imaging, Mediso Ltd., and Agilent Technologies and others.

Preclinical Imaging Market: Segmentation

The global preclinical imaging market, is segmented on the basis of product type, by application, by end user and region.

Segmentation by Product Type

  • Medical Devices
  • CT Imaging
  • MRI Imaging
  • PET/SPECT Imaging
  • Multimodal Imaging
  • Optical Imaging
  • Ultrasound Imaging
  • Photoacoustic (PAT) Imaging
  • Reagents
  • Services

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Segmentation by Applications

  • Oncology
  • Neurology
  • Cardiology
  • Inflammation
  • Infectious diseases

Segmentation by End User

  • Hospitals
  • Clinics
  • Research Institutes

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Last Updated: 20-May-2023