Small Animal Imaging Market Size, Share, Growth Analysis, By Type(Optical Imaging, Nuclear Imaging, Magnetic Resonance Imaging, Computed Tomography and Ultrasound Imaging.), By Application(Oncology, Neurology, Cardiology, Inflammation/Infection and Other Applications.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35E2027 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 65 |Figures: 75

Small Animal Imaging Market Insights

Small Animal Imaging Market size was valued at USD 8.83 billion in 2022 and is poised to grow from USD 9.39 billion in 2023 to USD 15.45 billion by 2031, growing at a CAGR of 6.42% in the forecast period (2024-2031)

The global small animal imaging market has been experiencing significant growth in recent years. It plays a crucial role in drug discovery and development, disease research, and understanding biological processes in small animals. Small animal imaging techniques provide researchers with valuable insights into the molecular and cellular processes associated with diseases, allowing for the development of targeted therapies and personalized treatment approaches. The pharmaceutical and biotechnology industries are major contributors to the demand for small animal imaging technologies. These industries heavily rely on preclinical studies to evaluate the safety and efficacy of new drug candidates.

Additionally, technological advancements in small animal imaging systems have fueled market growth. The development of high-resolution imaging modalities, improved image quality, and faster scanning capabilities have enhanced the accuracy and efficiency of preclinical studies. Moreover, the integration of multimodal imaging techniques and the introduction of hybrid imaging systems have expanded the capabilities of small animal imaging, enabling researchers to gather more comprehensive and precise data.

Market Snapshot - 2024-2031

Global Market Size

USD 8.3 billion

Largest Segment

Magnetic Resonance Imaging

Fastest Growth

Magnetic Resonance Imaging

Growth Rate

6.42% CAGR

Global Small Animal Imaging Market By Country ($ Bn)
Country Share for North America Region (%)

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Small Animal Imaging Market Segmental Analysis

The Global Small Animal Imaging Market is segmented by type, application, and region. Based on type, the market can be segmented into Optical Imaging, Nuclear Imaging, Magnetic Resonance Imaging, Computed Tomography and Ultrasound Imaging. Based on application, the market is segmented into Oncology, Neurology, Cardiology, Inflammation/Infection and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Small Animal Imaging Market Analysis by Type

Magnetic Resonance Imaging (MRI) is the dominant type in the small animal imaging market. MRI utilizes powerful magnets and radio waves to generate detailed images of the internal structures of small animals. It provides high-resolution images with excellent anatomical and soft tissue contrast. MRI's non-invasive nature and ability to capture images in multiple planes contribute to its widespread adoption in preclinical research and diagnostics. The versatility and accuracy of MRI make it the preferred choice for various applications, including oncology, neurology, cardiovascular studies, and musculoskeletal research.

On the other hand, Optical Imaging is the fastest growing type in the global small animal imaging market. Optical Imaging involves the use of light and bioluminescent or fluorescent probes to visualize and quantify biological processes in small animals. It offers real-time imaging, high sensitivity, and molecular specificity, enabling researchers to study molecular and cellular events in vivo. Optical Imaging techniques such as bioluminescence imaging and fluorescence imaging have gained popularity in preclinical research, particularly in areas like cancer biology, molecular imaging, and drug development. The continuous advancements in optical imaging technologies, such as the development of improved probes and imaging systems, are driving its rapid growth in the small animal imaging market.

Small Animal Imaging Market Analysis by Application

Oncology, which focuses on the study and diagnosis of cancer, holds a dominant position in the small animal imaging market. Small animal imaging techniques, such as positron emission tomography (PET), magnetic resonance imaging (MRI), and computed tomography (CT), play a crucial role in cancer research and drug development. These imaging modalities enable the visualization and characterization of tumors, assessment of treatment response, and evaluation of therapeutic efficacy in preclinical models. The prevalence of cancer and the increasing need for effective treatment options contribute to the dominance of oncology as the primary application in the small animal imaging market.

Meanwhile, neurology is the fastest-growing application segment in the global small animal imaging market. The field of neurology encompasses the study of the brain and nervous system, including neurological disorders, neurodegenerative diseases, and brain function. Small animal imaging techniques are instrumental in understanding brain anatomy, neural pathways, and disease mechanisms. They aid in the development of new therapies and the evaluation of their effectiveness in preclinical models. The rising prevalence of neurological disorders, such as Alzheimer's disease, Parkinson's disease, and stroke, along with the increasing emphasis on neuroscience research, drives the growth of neurology as the fastest-growing application in the small animal imaging market.

Global Small Animal Imaging Market By Type

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Small Animal Imaging Market Regional Insights

The dominant region in the global small animal imaging market is North America. North America has been at the forefront of research and development in the field of small animal imaging, with a strong presence of pharmaceutical and biotechnology companies, academic research institutions, and advanced healthcare infrastructure. The region has witnessed significant investments in preclinical research, drug discovery, and development, which have propelled the demand for small animal imaging technologies.

On the other hand, the fastest-growing region in the global small animal imaging market is the Asia-Pacific region. The Asia-Pacific region has been experiencing rapid growth in the pharmaceutical and biotechnology sectors, along with increasing investments in preclinical research and drug development. Countries such as China, Japan, and India have emerged as key players in the field of small animal imaging due to their growing research capabilities, expanding healthcare infrastructure, and rising focus on personalized medicine.

Global Small Animal Imaging Market By Geography
  • Largest
  • Fastest

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Small Animal Imaging Market Dynamics

Small Animal Imaging Market Drivers

Growing Preclinical Research

  • The growing emphasis on preclinical research in pharmaceuticals, biotechnology, and life sciences is fueling the demand for small animal imaging systems. These advanced imaging technologies enable researchers to conduct in-depth studies on diseases, monitor disease progression, evaluate treatment effectiveness, and assess the safety and toxicity of new drugs or therapies.

Small Animal Imaging Market Restraints

Limited Availability of Imaging Agents

  • The availability of specific imaging agents for small animal imaging can pose challenges. The development and validation of imaging agents suitable for preclinical studies can be a time-consuming and costly process, limiting their widespread adoption. The limited availability of these agents can impact the overall utilization of small animal imaging technologies in research settings.

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Small Animal Imaging Market Competitive Landscape

The global small animal imaging market is a highly competitive landscape, characterized by the presence of several key players offering advanced imaging technologies and solutions. Small animal imaging involves the use of non-invasive imaging modalities to visualize and study the anatomical, functional, and molecular aspects of small animals, such as mice and rats, for research purposes.

Small Animal Imaging Market Top Player’s Company Profiles

  • PerkinElmer (US)
  • MILabs B.V. (Netherlands)
  • Aspect Imaging Ltd. (Israel)
  • MR Solutions Ltd. (United Kingdom)
  • Trifoil Imaging (US)
  • Siemens Healthineers (Germany)
  • GE Healthcare (US)
  • Agilent Technologies, Inc. (US)
  • MILabs B.V. (Netherlands)
  • SCANCO Medical AG (Switzerland)
  • Bioscan, Inc. (US)
  • LI-COR Biosciences (US)
  • Aspect Imaging Ltd. (Israel)
  • MR Solutions Ltd. (UK)
  • Scanco Medical AG (Switzerland)
  • Life Technologies Corporation (US)
  • Promega Corporation (US)

Small Animal Imaging Market Recent Developments

  • In March 2023, Bruker Corporation announced the launch of its new preclinical imaging system, the Bioscan Fusion 3. The Bioscan Fusion 3 is a multi-modality imaging system that combines PET, SPECT, and CT imaging in a single platform. This allows researchers to obtain multiple types of images from the same animal, which can help them to better understand the progression of disease and the effects of new treatments.
  • In February 2023, PerkinElmer Inc. announced the acquisition of Aspect Imaging Ltd. Aspect Imaging is a leading provider of small animal imaging systems. The acquisition will allow PerkinElmer to expand its product portfolio and offer a more comprehensive range of solutions for preclinical research.
  • In January 2023, Siemens Healthineers announced the launch of its new small animal PET/CT scanner, the Biograph Horizon preclinical PET/CT. The Biograph Horizon is a high-performance scanner that offers high-resolution images and a wide range of capabilities. It is designed to meet the needs of researchers in a variety of preclinical research settings.
  • In December 2022, Thermo Fisher Scientific announced the launch of its new small animal imaging system, the In Vivo Imaging Suite. The In Vivo Imaging Suite is a modular system that can be customized to meet the specific needs of researchers. It offers a variety of imaging modalities, including MRI, CT, and PET.
  • In November 2022, LI-COR Biosciences announced the launch of its new small animal imaging system, the LI-6800 In Vivo Imaging System. The LI-6800 is a high-performance imaging system that offers high-resolution images and a wide range of capabilities. It is designed to meet the needs of researchers in a variety of preclinical research settings.

Small Animal Imaging Key Market Trends

  • One key market trend in the global small animal imaging market is the increasing adoption of multimodal imaging techniques. Multimodal imaging involves the integration of multiple imaging modalities to provide a comprehensive and in-depth understanding of biological processes and disease progression in small animals. This trend is driven by the need for more accurate and detailed imaging data in preclinical research and drug development. By combining different imaging techniques such as positron emission tomography (PET), computed tomography (CT), magnetic resonance imaging (MRI), and optical imaging, researchers can obtain complementary information and improve the overall sensitivity and specificity of imaging studies.

Small Animal Imaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the global small animal imaging market analysis, it is driven by various factors such as technological advancements, increased funding for research, and rising prevalence of chronic diseases in small animals. Small animal imaging refers to the use of imaging techniques to visualize and study anatomical, functional, and molecular processes in small animals for research purposes. Technological advancements in imaging modalities, such as positron emission tomography (PET), single-photon emission computed tomography (SPECT), magnetic resonance imaging (MRI), and computed tomography (CT), have expanded the capabilities of small animal imaging. These advanced imaging techniques offer high resolution, improved sensitivity, and quantification capabilities, enabling researchers to obtain detailed insights into the biological processes in small animals.

The market analysis highlights the regional dynamics of the small animal imaging market, with North America dominating the market due to its well-established healthcare infrastructure, significant research and development activities, and high adoption of advanced imaging technologies. Europe and Asia-Pacific regions are also witnessing substantial growth, driven by increasing investments in research and development, collaborations between academic institutions and industry players, and a growing focus on preclinical research.

Report Metric Details
Market size value in 2022 USD 8.83 billion
Market size value in 2031 USD 15.45 billion
Growth Rate 6.42%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Optical Imaging, Nuclear Imaging, Magnetic Resonance Imaging, Computed Tomography and Ultrasound Imaging.
  • Application
    • Oncology, Neurology, Cardiology, Inflammation/Infection and Other Applications.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • PerkinElmer (US)
  • MILabs B.V. (Netherlands)
  • Aspect Imaging Ltd. (Israel)
  • MR Solutions Ltd. (United Kingdom)
  • Trifoil Imaging (US)
  • Siemens Healthineers (Germany)
  • GE Healthcare (US)
  • Agilent Technologies, Inc. (US)
  • MILabs B.V. (Netherlands)
  • SCANCO Medical AG (Switzerland)
  • Bioscan, Inc. (US)
  • LI-COR Biosciences (US)
  • Aspect Imaging Ltd. (Israel)
  • MR Solutions Ltd. (UK)
  • Scanco Medical AG (Switzerland)
  • Life Technologies Corporation (US)
  • Promega Corporation (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Small Animal Imaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Small Animal Imaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Small Animal Imaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Small Animal Imaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Small Animal Imaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Small Animal Imaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Small Animal Imaging Market size was valued at USD 8.83 billion in 2022 and is poised to grow from USD 9.39 billion in 2023 to USD 15.45 billion by 2031, growing at a CAGR of 6.42% in the forecast period (2024-2031)

The global small animal imaging market is a highly competitive landscape, characterized by the presence of several key players offering advanced imaging technologies and solutions. Small animal imaging involves the use of non-invasive imaging modalities to visualize and study the anatomical, functional, and molecular aspects of small animals, such as mice and rats, for research purposes. 'PerkinElmer (US)', 'Bruker Corporation (US)', 'FUJIFILM VisualSonics Inc. (Canada)', 'Mediso Ltd. (Hungary)', 'MILabs B.V. (Netherlands)', 'Aspect Imaging Ltd. (Israel)', 'MR Solutions Ltd. (United Kingdom)', 'Trifoil Imaging (US)', 'Siemens Healthineers (Germany)', 'GE Healthcare (US)', 'Agilent Technologies, Inc. (US)', 'MILabs B.V. (Netherlands)', 'SCANCO Medical AG (Switzerland)', 'Bioscan, Inc. (US)', 'LI-COR Biosciences (US)', 'Aspect Imaging Ltd. (Israel)', 'MR Solutions Ltd. (UK)', 'Scanco Medical AG (Switzerland)', 'Life Technologies Corporation (US)', 'Promega Corporation (US)'

The growing emphasis on preclinical research in pharmaceuticals, biotechnology, and life sciences is fueling the demand for small animal imaging systems. These advanced imaging technologies enable researchers to conduct in-depth studies on diseases, monitor disease progression, evaluate treatment effectiveness, and assess the safety and toxicity of new drugs or therapies.

One key market trend in the global small animal imaging market is the increasing adoption of multimodal imaging techniques. Multimodal imaging involves the integration of multiple imaging modalities to provide a comprehensive and in-depth understanding of biological processes and disease progression in small animals. This trend is driven by the need for more accurate and detailed imaging data in preclinical research and drug development. By combining different imaging techniques such as positron emission tomography (PET), computed tomography (CT), magnetic resonance imaging (MRI), and optical imaging, researchers can obtain complementary information and improve the overall sensitivity and specificity of imaging studies.

The dominant region in the global small animal imaging market is North America. North America has been at the forefront of research and development in the field of small animal imaging, with a strong presence of pharmaceutical and biotechnology companies, academic research institutions, and advanced healthcare infrastructure. The region has witnessed significant investments in preclinical research, drug discovery, and development, which have propelled the demand for small animal imaging technologies.

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