USD 8.9 billion
Report ID:
SQMIG35E2027 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Small Animal Imaging Market size was valued at USD 9.39 Billion in 2023 and is poised to grow from USD 9.99 Billion in 2024 to USD 16.44 Billion by 2032, growing at a CAGR of 6.42% during the forecast period (2025-2032).
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.
Global Market Size
USD 8.9 billion
Largest Segment
Magnetic Resonance Imaging
Fastest Growth
Magnetic Resonance Imaging
Growth Rate
6.7% CAGR
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Global Small Animal Imaging Market is segmented by modality, application, reagent and region. Based on modality, the market is segmented into optical imaging systems, nuclear imaging and other imaging modalities. Based on application, the market is segmented into monitoring drug treatment response, biodistribution studies, cancer cell detection, biomarkers, longitudinal studies and epigenetics. Based on reagents, the market is segmented into optical imaging reagents and nuclear imaging reagents. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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Small Animal Imaging Market Drivers
Growing Preclinical Research
Small Animal Imaging Market Restraints
Limited Availability of Imaging Agents
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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
Small Animal Imaging Market Recent Developments
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 8.9 billion |
Market size value in 2031 | USD 15.95 billion |
Growth Rate | 6.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35E2027
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