In-vivo Imaging Market Outlook 2019
The global in vivo imaging market is presumed to register a significant CAGR during the forecast period (2017-2023) owing to the increasing prevalence of cancer, asserts Market Research Future (MRFR). In vivo imaging can be referred to the visualization of various life processes in an organism.
In Vivo Imaging Market: Rising healthcare expenditures and increasing prevalence of cancer followed by R&D in the imaging technology for the diagnosis of various types of diseases such as cancer are the major drivers of the market growth
Competitive Analysis by Major Key Players are
Aspect Imaging.,
MR Solutions,
New England Biolabs,
Mediso Ltd.,
MILabs B.V.,
LI-COR, Inc.,
FUJIFILM VisualSonics Inc.,
Biospace Lab S.A.,
Bruker,
and TRIFOIL IMAGING
Industry Segmentation
The global in vivo imaging market has been segmented on the basis of application, end-users, techniques, and region.
By mode of application, the global in vivo imaging market has been segmented into optical imaging, nuclear imaging, and others.
By mode of techniques, the global in vivo imaging market has been segmented into biomarkers based, radioisotopes based, luminescent proteins-based techniques, and others.
By mode of end-users, the global in vivo imaging market has been segmented into imaging centers, hospitals and clinics, research organizations, and others.
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Drivers and Restraints Impacting the Market
With the increasing expenditure on healthcare and growing prevalence of cancer, the global market for in vivo imaging is likely to propel during the review period. Research and development activities in the imaging technology for diagnosing several types of chronic diseases such as cancer is further augmenting the market growth. Additionally, the growing incidences of chronic diseases have inflicted a fear among the population has increased the need for frequent checkup, thereby augmenting the demand for in vivo imaging. The increasing number of clinical research organizations and pharmaceutical companies along with rising application of in vivo imaging in real-time data storage, pre-clinical research, and high-resolution modalities are some of the key growth factors of the market.
On the flip side, lack of awareness about in vivo imaging, low expenditure on healthcare in developing countries, and uneven distribution of medical services over regional boundaries are likely to retard the market growth in the coming years.
Industry News
October 2, 2018: A team of scientists at the University of Tsukuba has developed a tool that is capable of imaging the development of atherosclerotic plaque in the body and can follow its progression. This enables the accurate evaluation of drugs in order to treat atherosclerosis and analyze the risk posed by such plaque in an individual.
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Regional analysis
The Americas holds the largest market share owing to increasing prevalence of cancer, the presence of developed countries such as the U.S. and Canada in the region.
Europe holds the second largest market share. Factors such as increasing healthcare expenditures, rapid advancements in the healthcare services and technology will boost the market.
Asia Pacific market is expected to grow rapidly due to the presence of developing economies such as India and China, which are adopting new technologies in the medical service sector.
The Middle East & Africa will show the least growth owing the region’s low penetrance in the market. Factors such as lack of awareness and low per capita income will restrain the market in Africa. The market will be lead by the countries like Saudi Arabia in the Middle East.
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