Thursday 26 November 2015

Small Animal Imaging Market: Extensive Application of Preclinical Imaging Modalities at Clinical Research Organizations Will Push Market At 8.6% CAGR during 2014-2020

Small animal imaging technology has marked itself as the most useful tool in preclinical research globally. The technology has proved to be of great importance in developmental biology studies and drug development research programs. Being non-invasive, longitudinal studies are possible with accurate and detailed analysis. The global small animal imaging market has been studied from three main perspectives: by devices, by reagents, and by application areas. The devices in the preclinical imaging market include micro-computed tomography (CT), micro-magnetic resonance imaging (MRI), micro-positron emission tomography (PET) and micro-single positron emission computed tomography (SPECT), multimodal imaging, optical imaging, micro-ultrasound imaging and micro-photoacoustic tomography (PAT). The contrast reagents market has been studied for CT, MRI, nuclear imaging, optical imaging and ultrasound imaging technologies.

Although small animal imaging has been extensively used in various research areas, the market for
key application segments has been estimated. These segments include oncology, cardiology, autoimmune, neurology and psychiatry, and other applications. A detailed market analysis and forecast for each of these segments have been provided in this study in terms of market revenue (USD million) for the period 2012 to 2020. The report also provides the compounded annual growth rate (CAGR %) for each of these segments for the forecast period from 2014 to 2020, considering 2012 and 2013 as base years. Furthermore, the global small animal imaging market has also been divided according to major geographies: North America, Europe, Asia Pacific and Rest of the World.

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Global Small Animal Imaging Market – Regional Analysis, Prevailing Trends, and Restraints

Regionally, the global small animal imaging market is led by Europe and North America due to factors like high rate of adoption of expensive devices, frequent product launches, and greater activities with regard to preclinical research. The rapidly growing markets in the global small animal imaging market are the Asia Pacific and Rest of the World. These two regions are primarily driven by greater industry based funding for carrying out pharmaceutical based preclinical research, and increasing number of CROs.

The growth and performance of the global small animal imaging market can be attributed to higher research funding activities, and greater technological advancements. There has been a surge in the demand for reagents because of increasing number of reagent manufacturers, frequent purchase, and high shelf life of the devices.

Most of the companies operating in the global small animal imaging market are focusing greatly on improving multimodal imaging devices that are MRI based, like MRI and PET devices. This trend is expected to drive the global small animal imaging market by way of greater growth opportunities in the years to come. The main growth inhibitors in the global small animal imaging market are limited access to nuclear imaging reagents, and slow rate of adoption propelled by steep development costs.

Some of the prominent players operating in the global small animal imaging market are Targeson, Inc., SCANCO Medical AG, Siemens AG, Promega Corporation, Perkin Elmer, Inc., Miltenyi Biotec GmbH, FujiFilm VisualSonics, Inc., LI-COR Biosciences, Inc., TriFoil Imaging, Inc., Bruker Corporation, Aspect Imaging, and Agilent Technologies, Inc.

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