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(Health-NewsWire.Net, September 01, 2021 ) The global small animal imaging market is estimated to reach USD 910.4 Million by 2021; growing at a CAGR of 6.2% during the forecast period.
Growth Influencing Factors:
The technological advancements in the field of molecular imaging, increasing market demand for non-invasive small animal imaging techniques, and growing number of public-private initiatives to support preclinical researches are some key factors fueling the growth of the market.
Furthermore, emerging markets such as China and India are offering new growth opportunities for prominent market players. However, factors such as strict regulatory framework that governs preclinical researches, and significant installation and operational costs associated with preclinical imaging modalities are hampering the market growth.
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Emerging markets (such as China and India) are offering high growth opportunities for market players operating in the small animal imaging industry. 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 the key factors propelling the demand for small animal imaging 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.
Key Players:
As of 2015, PerkinElmer Inc. (U.S.) held the leadership position in the global small animal imaging market. Over the past three years, the company has adopted new product launches, product enhancements, and geographic expansion as its key business strategies to ensure its dominance in this 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 market.
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
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