Preclinical Imaging Market

Starting at US$ 5000

Buy Now
Companies
Industry Size (2022)
USD 3.3 Bn
Forecast (2032)
USD 4.7 Bn
CAGR (2022 to 2032)
3.5%

Preclinical Imaging Market Snapshot (2022 to 2032)

The global preclinical imaging market is expected to enjoy a valuation of US$ 3.3 Billion in 2022, and further expand at a CAGR of 3.5% to reach a valuation of US$ 4.7 Billion by the end of the year 2032. According to a recent study by Future Market Insights, MRI imaging is leading the market with a share of about 18.9% in the year 2021, within the global preclinical imaging market.

Preclinical Imaging Market
Preclinical Imaging Market

Market Outlook:

Data Points

Market Insights

Market Value 2021

US$ 3.2 Billion

Market Value 2022

US$ 3.3 Billion

Market Value 2032

US$ 4.7 Billion

CAGR 2022 to 2032

3.5%

Market Share of Top 5 Countries

55.9%

Key Market Players

Bruker Corporation, Siemens A.G., General Electric (GE), TriFoil Imaging, PerkinElmer, Inc., VisualSonics Inc. (Fujifilm), Mediso Ltd., Agilent Technologies, MILabs B.V., MR Solutions, Molecules

Over the past decade, preclinical imaging has developed into an important method for biological discoveries. High-frequency micro-ultrasound has developed gradually as a rapid and reasonably priced imaging tool for studying human disease models in small organisms in the post-genomic era.

According to a report published in the Radiology Journal by the University of Cincinnati Medical Center, in 2020, academic medical centers and universities rushed to suspend scientific research initiatives in order to maximize social distance and reduce the spread of infection to research employees and those with whom they might come into contact, in addition to clinical preparedness. Researchers in the field of radiology were debating these problems, which will continue to have an impact on current and upcoming imaging experiments.

Sales Analysis of Preclinical Imaging Market from 2016 to 2021 Vs Market Outlook for 2022 to 2032

The market value for the preclinical imaging market was approximately 11.4% of the overall US$ 28.2 Billion of the global medical imaging market in 2021.

The sales of the preclinical imaging market expanded at a 3.8% CAGR over the historic period of 2016 to 2021.

Preclinical imaging techniques completely follow the 3R (replacement, reduction, and refinement) tenets by lowering biological variability, gathering an extraordinary amount of unique information in multiple ways, and dramatically lowering the number of animals required for a given study.

The market for preclinical imaging is expected to be propelled due to increased investment in research and development for technological advancements in the fields of molecular imaging.

For Instance

To meet the growing need for antiviral research tools and to enable the testing of coronavirus vaccines and treatments, MILabs upgraded their preclinical diagnostic U-CT system for in vivo imaging of COVID-19 animal models in March 2020.

The multimodal imaging technique is gaining importance for the diagnosis of certain diseases. It also helps the physician to perform tests, and plan and guide the therapy.

Pre-symptomatic identification, targeted therapy, and personalized medicine will very soon comply with multimodal molecular imaging's rapid technological advancements.

Another driver that is expected to fuel the preclinical research market’s expansion is the growing number of clinical research organizations (CROs) and pharmaceutical organizations, which are quickly adapting to in-vivo imaging systems for pre-clinical research.

For instance

In July 2020, the USF Health Morsani College of Medicine installed their new 7T-3T MR/PET and PET-CT systems by MR solutions to create their first thorough preclinical imaging suite.

Preclinical Imaging Market
Preclinical Imaging Market

What are the Key Opportunities for the Preclinical Imaging Product Manufacturers?

The market is set to present an opportunistic outlook, owing to an increasing number of preclinical imaging tests and new alternative methods of testing in the market such are in vitro assays, micro-dosing, computer-based models, virtual drug testing, and the creation of computerized databases for testing. Such strategies will provide the market an opportunity to expand, even in regions with low market penetration right now. New non-invasive imaging modalities are also entering the market to provide better options.

The growth will further be propelled by the increased initiative by public and private organizations for funding to accelerate preclinical research leading to the overall boost of the current market. Additionally, it is anticipated that significant investments made to promote the use of pre-clinical devices will fuel market expansion.

What are the Factors Restraining Demand for Preclinical Imaging Products?

Although the preclinical imaging market has numerous end-users, there are certain obstacles that likely pose a challenge to market growth.

The stringent regulatory framework and the technical and procedural restrictions connected with autonomous systems are predicted to decline the market growth.

In addition, the evidence-based clinical trial and the various challenges posed by the animal rights activist while performing animal testing in the preclinical research will also restrain the growth of the market in the forecast period.

These propose an adverse consequence on the formative development of the preclinical imaging market.

State-of-the-art imaging technologies provided by key players in the USA

North America holds a revenue share of 32.3% and is the largest preclinical imaging market. This is attributed to the vast advancements in the research and development Research and Development sectors due to high investments, strong infrastructure, the presence of multiple private and public organizations, several preclinical initiatives underway, and greater acceptance rates for technologically advanced products.

A major player, namely NYU Langone’s Preclinical Imaging Laboratory, provides investigators with access to advanced imaging technologies and strategies to image live animals on the organ, tissue, cell, or molecular level. Moreover, the Accelerating Covid-19 Therapeutic Interventions and Vaccines (ACTIV) public-private partnership was announced by the National Institutes of Health (NIH) to establish a coordinated research strategy for prioritizing and speeding the development of the most promising treatments and vaccines.

To diversify their product portfolio, corporations are offering new products. For instance, a key market player announced the debut of the Ultima Investigator Plus in March 2022, which is the newest modular platform addition to the industry-leading Ultima range of multiphoton microscopes for deep tissue fluorescence imaging. These factors are expected to boost the global preclinical imaging market size.

German market players are revolutionizing the market with anatomical, functional and molecular imaging

Europe is the second leading market owing to the rising number of market players who are investing in government initiatives for encouraging clinical research and development projects in this region. Market players in Germany are offering versatile and highly specific contrast from a variety of tissue-intrinsic and extrinsic molecules, including hemoglobin, melanin, lipids, collagen, fluorophores, and nanoparticles. This allows for anatomical, functional, and molecular imaging within a single modality.

These key players are further showing unprecedented performance in terms of combining high resolution and sensitivity. Moreover, they provide new insights into a variety of diseases with the ability to visualize and quantify sub-organ structures at several centimeters of depth. These insights are estimated to contribute to the demand for preclinical imaging in Germany.

Bruker, a major German player, announced the first customer installation of its MPI Preclinical, which is a preclinical Magnetic Particle Imaging (MPI) scanner at the University Medical Center Hamburg-Eppendorf (UKE), Germany. Additionally, this marks the first time that MPI technology has been delivered in a commercial system, as preclinical MPI is an entirely new technology for in vivo imaging of small animals used in translational research.

United Kingdom witnesses the launch of new centers for translational cardiovascular imaging linking basic science

The increasing awareness amongst healthcare professionals and the rise in the number of in vivo molecular diagnostics are the reasons for the rising demand for preclinical imaging. For instance, Edinburgh Preclinical Imaging is a state-of-the-art facility that provides non-invasive, in vivo imaging of the structure and function of all organs and tissues of the body. Furthermore, the facility is within the campus at Little France, where it is ideally placed to provide cross-disciplinary work in cardiovascular biology, physiology, and neuroscience, which stabilizes the adoption of preclinical imaging in the United Kingdom

The British Heart Foundation awarded £ 1.9 Million to support the development of a new center for translational cardiovascular imaging that links basic science and preclinical and clinical cardiovascular research in Leeds and promotes rapid translation from molecular to clinical cardiovascular research. In addition, magnetic resonance imaging (MRI) is a versatile technology that provides sensitivity to a wide range of biologically relevant information.

Preclinical trials using rodent and nonhuman primate models in Japan

The Asia Pacific is a growing lucrative preclinical imaging market, paying owing to factors such as low research costs, less-stringent regulatory guidelines, and increased government funding for the development of the research and development sector in the respective countries are making the region attractive for preclinical research studies.

Japan is experiencing a super-aging ;society both in rural and urban areas, as stated according to the Statistics Bureau of Japan. In addition, the healthcare industry in Japan has well adopted new innovations and advancements for diagnosis, which aids in the growth of the global preclinical imaging market size.

Hamamatsu Pharma Research Inc., a major Japanese market player, performs preclinical trials using rodent and nonhuman primate (NHP) models to judge the efficacy of pharmaceuticals. Furthermore, personalized medicine is emerging as a new goal in the diagnosis and treatment of diseases in Japan, which aims to establish differences between patients suffering from the same disease, which allows them to choose the most effective treatment.

In November 2021, an article titled Developing diagnostic reference levels in Japan was published in the Japanese Journal of Radiology, which indicated that the use of radiological tests in the nation has been increasing significantly in recent years. Similarly, an article published by the Public Relations Office of the Government of Japan in February 2021 stated that the percentage of people over the age of 65 years old in Japan is expected to reach 33.3% by the year 2036 and 38.4% by the year 2065. Hence, the preclinical imaging market share is likely to experience growth owing to these initiatives.

10-year commitment funds by the South Korean government for biotechnology industry

Diagnostic centers in South Korea usually consist of multiple inter-related research groups for the integration of experimental approaches from a diversity of disciplines such as Physics, Chemistry, and Engineering. Each sector assists in developing novel methods and materials for brain research.

10-year commitment funds have been made by the South Korean government to develop their biotechnology industry by building 15 Clinical Trial Centers (CTCs) at major teaching hospitals. These CTCs have avant-garde facilities to perform studies involving the confinement of study participants under highly controlled required for many early clinical research studies where the demand for preclinical imaging and its research is anticipated to develop.

Most healthcare professionals in South Korea are highly educated medical and scientific staff who are interested in early clinical research. Therefore, South Korean scientists are gaining rapid credibility among global clinical pharmacologists, as reflected by higher numbers of publications in leading medical research journals and presentations at leading scientific meetings for clinical pharmacologists.

Country-wise Insights

What Makes the USA a Highly Lucrative Market for Preclinical Imaging Products?

With the vast advancements in the research and development sectors due to high investments, strong infrastructure, presence of multiple private and public organizations, several preclinical initiatives underway, and greater acceptance rates for technologically advanced products the USA holds a global market share of about 32.3% in 2021 and is expected to continue the same through the forecast period.

In April 2020, the National Institutes of Health (NIH) announced the Expediting COVID-19 Therapeutic Interventions and Vaccinations (ACTIV) public-private partnership to build a coordinated research approach for prioritizing and accelerating the development of the most effective drugs and vaccines. This will utilize all high-throughput screening techniques to screen the samples and enhance the efficiency of the scientists, which will inspire the use of such fast-track groups of prominent scientists from government, business, non-profit, charitable, and academic institutions.

What is the outlook of the United Kingdom for the Preclinical Imaging Market?

The United Kingdom is expected to grow at a CAGR of 3.0% in the European market over the forecast period.

The market is anticipated to benefit from the rising number of market players who are investing, and government initiatives for encouraging clinical research and development projects in these regions.

What makes Germany a demanding market for Preclinical Imaging?

Germany holds a global market share of 6.6% and is expected to grow with a CAGR of 3.8% during the forecasted period.

The reason for the rising demand and growth for the preclinical imaging market in the country is the increasing awareness among healthcare professionals, the rise in the number of in-vivo molecular diagnostics, and advanced multi-modal devices with increased sensitivity that are enhanced by digitalization.

Category-wise Insights

Which Preclinical Imaging Product is driving the Market?

MRI imaging held a market share of around 18.9% in the global market in 2021 and the segment is set to grow at a CAGR of 5.5% throughout the forecast period.

The rising prevalence of chronic diseases like cardiovascular, neurological, orthopedic, and cancer, is leading to the rising adoption of MRI imaging procedures across the globe. The introduction of technologically advanced equipment in the market as well as the use of AI-based devices for rapid diagnosis enhance the market growth.

Which Application of Preclinical Imaging is Largely in Focus Globally?

The research and development sector has shown increased demand with a market share of 54.3% globally in 2021 and is expected to grow with a CAGR of 3.0% over the forecasted years.

With innovative technologies in the market, to draw conclusions for human medicine, researchers are thrilled to examine the structure of animal bodies. As a result, research into animal tissues, cells, molecular dynamics, and organs has accelerated recently.

Which End User Benefits the most from the Adoption of Preclinical Imaging?

Biotech companies hold the highest global market share value of 30.4% during the year 2021. Biotech companies are using this opportunity as an essential part of these research and development efforts to bridge molecular discoveries and clinical applications in diagnostics and/or therapies.

Competitive Landscape

With several competitors in the production of compression therapy products, the overall market is highly fragmented. Key Players such as Bruker Corporation, and Siemens A.G. are adopting new strategies like collaborations, the launch of new high–tech products, and partnerships to promote their products.

These strategies are henceforth being followed by upcoming players to increase their business, and capture the untapped markets.

The following are examples of key development strategies used by industry players in the preclinical imaging market:

  • Bruker announced the release of the Ultima Investigator Plus, the most recent flexible platform addition to the leading-edge Ultima line of multiphoton microscopes for deep tissue fluorescence imaging, in March 2022. With a wider field of view, improved optics for two and three photon imaging, and a longer close-coupled collection path, the researcher improves scientists' capacity to image deeply and see more inside specimens.
  • The Vega imaging system, a first-of-its-kind ultrasound platform that combines hands-free, automated technology with the high-throughput capability to accelerate non-invasive research and drug development studies of cancer, liver and kidney disease, cardiology, and more, was introduced in April 2022, as part of PerkinElmer's announcement of the expansion of its in vivo imaging portfolio.

Similarly, recent developments related to companies manufacturing preclinical imaging products have been tracked by the team at Future Market Insights, which are available in the full report.

Report Scope as per Preclinical Imaging Industry Analysis

Attribute

Details

Forecast Period

2022 to 2032

Historical Data Available for

2016 to 2021

Market Analysis

US$ Billion for Value

Key Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa

Key Countries Covered

USA, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Vietnam, Philippines, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC Countries, Israel, Turkey, North Africa, and South Africa

Key Market Segments Covered

Product, Application, End User, and Region

Key Companies Profiled

  • Bruker Corporation
  • Siemens A.G.
  • General Electric (GE)
  • TriFoil Imaging
  • PerkinElmer, Inc.
  • VisualSonics Inc. (Fujifilm)
  • Mediso Ltd.
  • Agilent Technologies
  • MILabs B.V.
  • MR Solutions
  • Molecubes

Pricing

Available upon Request

Key Market Segments Covered in Compression Therapy Industry Research

By Product:

  • CT Imaging
  • MRI Imaging
  • PET/SPECT Imaging
  • Multi-modal Imaging
  • Optical Imaging
  • Ultrasound Imaging
  • Photoacoustic Imaging

By Application:

  • Research and Development
  • Drug Discovery

By End-Users:

  • Biotech Companies
  • Pharmaceutical companies
  • Research institutes
  • Contract Research Organizations

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa (MEA)

Frequently Asked Questions

How much is the preclinical imaging market worth in 2021?

The global preclinical imaging market is worth US$ 3.2 Billion in 2021 and is set to expand 1.4X over the next ten years.

What is the sales forecast for preclinical imaging market through 2032?

The preclinical imaging market is expected to reach US$ 4.7 Billion by the end of 2032, with sales revenue expected to register a 3.5% CAGR.

What are the key trends shaping the preclinical imaging industry?

The expanding research and development in preclinical imaging devices, increasing funds, rise in the number of in vitro and in vivo tests, and a large number of CROs are some of the key trends shaping the preclinical imaging market.

Which are the top 5 countries driving demand for preclinical imaging market?

The USA, United Kingdom, Germany, China, and Japan are the top 5 countries and are expected to drive demand for the preclinical imaging industry.

What is the North American market outlook for preclinical imaging market?

North America is one of the key markets for preclinical imaging in the year 2021, with a market share accounting for 33.6%.

At what percentage is the demand for preclinical imaging expected to register growth in Europe?

Demand for preclinical imaging in Europe is expected to register a growth of 3.6% CAGR over the next ten years.

Which countries are the key producers of preclinical imaging market?

The USA, Germany, and the United Kingdom are the key producers of the preclinical imaging market.

At what percentage is the demand for preclinical imaging expected to register growth in South Asia?

Demand for preclinical imaging in South Asia is expected to register a growth of 2.9% CAGR over the next ten years.

At what percentage is the demand for preclinical imaging expected to register growth in East Asia?

Demand for preclinical imaging in East Asia is expected to register a growth of 4.4% CAGR over the next ten years.

Who are the key players in the preclinical imaging market sphere?

Bruker Corporation, Siemens A.G., General Electric (GE), TriFoil Imaging, PerkinElmer, Inc., VisualSonics Inc. (Fujifilm), Mediso Ltd., Agilent Technologies, MILabs B.V., MR Solutions, and Molecubes, are some of the key players in the preclinical imaging market.

Preview the report firsthand - request a free sample

Get Sample

Get the brochure for pricing and purchase details.

Future Market Insights

Preclinical Imaging Market