The global small animal imaging market is expected to reach a value of USD 910.4 Million by 2021; growing at a CAGR of 6.2% during 2016-2021. In addition, emerging markets (such as China and India) are offering new growth opportunities for small animal imaging market players. Factors such as strict regulatory framework that governs preclinical researches, and significant installation and operational costs associated with preclinical imaging modalities are some of the major factors restraining the growth of this market.
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The small animal imaging market is segmented into two major categories, namely, modality (optical imaging systems, nuclear imaging systems, MRI systems, Ultrasound systems, CT systems, photoacoustic imaging systems, & magnetic particle imaging systems) & reagents (optical imaging reagents, nuclear imaging reagents, MRI contrast agents, ultrasound contrast agents, & CT contrast agents).
Key Target Audience
- Preclinical Imaging System Manufacturers, Suppliers, and Imaging Software Providers
- Pharmaceutical and Biotechnology Companies
- Preclinical Imaging Reagent Manufacturers and Suppliers
- Contract Research Organizations (CROs)
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Although the mature markets (North America and Europe) held large share of small animal imaging market in 2015; Asia-Pacific region is poised to be the fastest growing region during the next five years. The large market share of the North American region can be attributed to the robust R&D infrastructure for life science researches, fast adoption of novel molecular imaging technologies, significant presence of pharmaceutical and biotechnology companies, and increasing preference of end users for multimodality systems.
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The modalities segment is expected to grow at the higher CAGR in the next five years, owing to the extensive application of small animal imaging market during preclinical research, high cost of preclinical imaging systems, and development & commercialization of technologically advanced preclinical imaging technologies.
1 Global Small Animal Imaging Market Overview
2 Small Animal Imaging Products Market Share, By Region (2016)
3 Global Small Animal Imaging Systems Market, By Modality (2016–2021)
4 Global Small Animal Imaging Reagents Market, By Type (2016–2021)
5 Small Animal Imaging Market, By Region (2016 vs 2021)
Key business strategies to ensure its dominance in small animal imaging market. Bruker Corporation (U.S.), FUJIFILM Holdings Corporation (Japan), Mediso Ltd.
(Hungary), MILabs B.V. (Netherlands), MR Solutions Ltd. (U.K.), Aspect Imaging (Israel), LI-COR Biosciences (U.S.), Trifoil Imaging (U.S.) and Miltenyi Biotec GmbH (Germany) are some of the other key players in small animal imaging market.
Continuous government support for pharmaceutical and biotechnology R&D, increasing public-private investments to support radioisotope production, rising number of translational research activities, and evolving regulatory scenario across major Asian countries are key factors propelling the demand for small animal imaging market procedures across emerging nations.
In order to leverage the high growth opportunities in these emerging nations, leading market players are expanding their presence through partnerships with local market players and suppliers. Emerging markets (such as China and India) are offering high growth opportunities for market players operating in small animal imaging industry.