Preclinical Imaging Market by Modalities, Top Companies, Demand, Growth and Forecast by 2024

Market Overview:

During the forecast period, 2019-2024, the preclinical imaging market is expected to record a CAGR of nearly 6.00 percent. This report is segmented by modality and geography. During the forecast period, 2019-2024, the preclinical imaging market is expected to record a CAGR of nearly 6.00 percent. This report is segmented by modality and geography.

Moreover, the key factors leading to preclinical imaging market growth include technological advances in molecular imaging, increased demand for non-invasive small-animal imaging methods, and increased financing for preclinical research by both private and public organizations. Molecular imaging is a multidiscipline that is rapidly developing, involving molecular biology, chemistry, computers, engineering, and medicine. It can acknowledge non-invasive and real-time visualization, measurement at the cellular or molecular level of the physiological or pathological process in the living organism.

Multimodal molecular imaging can play a significant role in the clinical care of multiple illnesses by enhancing the capacity of clinicians to conduct screening, monitoring, staging, prognosis, planning, and instruction on treatment, monitoring the effectiveness of treatment and evaluating recurrence. With its rapid technological advances, the use of multimodal molecular imaging can enable presymptomatic detection, targeted therapy, and personalized medicine in the near future. Aspect imaging has created Aspects M2 platform and a product suite that allows scientists to harness MRIs power and quantitative insights for tiny animal phenotyping and drug development without the price, complexity and technical burden of traditional MRI technologies.

In 2018, SPECT cameras with cadmium zinc telluride CZT detectors of the next generation may decrease the dose of radiation for patients and shorten the exam time. The introduction of innovative products is therefore likely to increase the growth of the market for preclinical imaging.

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Scope of the report:

Based on the scope of this report, preclinical imaging is the method of visualization used for study purposes on living animals and the report is attributed to modality and geography segments.

Key market trends:

Micro-Ultrasound is the segment by modality and is expected to be the fastest-growing market:

Micro-ultrasound is a miniature ultrasound version with a wider range of applications, particularly in small animal models research. These smaller versions of imaging techniques improve the effectiveness of the techniques. They also reduce the number of animals needed for specific research. Preclinical imaging has emerged as an important tool for facilitating biomedical discovery over the past decade.

In the post-genomic period, the high-frequency micro-ultrasound continuously evolved as a fast, comparatively inexpensive imaging tool for studying normal development and models of human disease in small animals. The technological hurdle associated with high-frequency array transducers was one of the fundamental barriers to this development. For developmental biology, cancer, and cardiovascular disease, preclinical micro-ultrasound applications are explored.

With regard to the future, the latest developments are also being developed in high-frequency ultrasound imaging. The combination of multiple imaging modalities in preclinical studies will assist researchers in understanding molecular, cellular, and physiological changes in living animals and predicting the outcome of new patient treatments. Thus, the market is expected to witness high growth over the forecast period owing to the above-mentioned factors.

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North America is estimated to hold the largest share in the market:

North America is expected to dominate the preclinical imaging market because the region has the highest number of skilled professionals, developed infrastructure, a large number of preclinical projects, and higher rates of adoption of technically advanced devices in the region.

Due to the presence of established infrastructure and the presence of major public and private companies, the United States is also found to dominate the market. Preclinical imaging is increasingly used in target identification, optimization of compounds, and in the process of drug development. The increased funding for research and development, coupled with the presence of a highly developed research infrastructure, is accelerating the growth of the U.S. market for preclinical imaging.

Aspect imaging, one of the market players in designing and developing compact magnetic resonance systems for preclinical, medical and industrial applications, announced in September 2017 that Quantum Analytics will be its exclusive U.S. distributor for the Industrial product portfolio of Aspect Imaging. All of these factors have thus contributed to market growth.

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Competitive Landscape:

Because of the multiple small and large market players, the market studied is a moderately consolidated market. Aspect Imaging Ltd, Bruker Corporation, Fujifilm Holdings Corporation, Li-Cor Biosciences, Mediso Ltd, Milabs BV, MR Solutions Ltd, PerkinElmer Inc., and Trifoil Imaging are some of the market players.

Table of Content Covers the Topics mentioned below

1. Introduction
2. Research Methodology
3. Market Analysis
4. Market Dynamics
5. Preclinical Imaging Market – by Modality
6. Preclinical Imaging Market – by Geography
7. Preclinical Imaging Market – Company Profiles
8. Market Competitive Landscape
9. Market Insights
10. Appendix

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