Preclinical Imaging Market: Granular View of The Market from Various End-Use Segments 2025

18 November 2019 - Million Insights Market Research has published a new report titled ‘Preclinical Imaging Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Preclinical Imaging market report helps analyze trends and significant developments in the industry.

The global Preclinical Imaging Market size was worth USD 1.8 billion in 2015, which is anticipated to grow at a CAGR of more than 8.1% during the forecast period. Constant technological advancements and increasing expenditure on research and development are some of the leading factors for such huge market size with more and more pharmaceutical companies targeting this market. Similarly, rise in the number of contract research manufacturing and increasing presence of medical device companies that comply well with the pre-clinical studies in in-vivo experiments would further drive the market growth.

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Use of various computerized database systems with advanced technology has increased over the years due to implementation of stringent laws and policies on animal testing which prevents exploitation of animals. Pre-clinical imaging has led to extraction of extremely detailed images of organs, cells, tissues and their anatomical features before and after the drug intake. Such methods of imaging along with micro-dosing, in-vitro tests have become an alternative for conventional methods.

Preclinical imaging systems include MRI, CT scan that is categorized under non-invasive techniques and possesses great potential to grow in the coming years. Some of the major factors that may challenge the acceleration of the market is increased cost, lack of skilled staff, underdeveloped infrastructure and non-availability such technically advanced devices in the third world countries.

Market Segment:

Preclinical imaging product outlook, 2014 & 2024 (USD Billion)

        • Medical Devices

                • CT Imaging

                • MRI Imaging

                • PET/SPECT Imaging

                • Multimodal Imaging

                • Optical Imaging

                • Ultrasound Imaging

                • Photoacoustic (PAT) Imaging

        • Reagents

        • Services

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North America dominated the pre-clinical imaging industry capturing the largest revenue share in 2015, due to the fact that the region has maximum number of skilled workmen, developed infrastructure, higher acceptance and adoption of advanced technical devices and presence of large number of research projects which are being carried out.

Factors such as increased government funding, liberal government laws, growing adoption of contract research organisations, affordable research cost is contributing towards the highest CAGR of Asia Pacific region. .India and China are the key leaders in the Asia Pacific region, making it one of the most booming regions for the preclinical imaging market.