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

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.