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The small animal imaging (in-vivo) market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

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The Small Animal Imaging (In-Vivo) Market Size In 2022 And Forecast

The global small animal imaging (in-vivo) market is expected to grow from $2.06 billion in 2021 to $2.27 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The small animal imaging (in-vivo) market is expected to grow to $3.38 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%.

The small animal imaging (in-vivo) market consists of sales of small animal imaging (in-vivo) products by entities (organizations, sole traders, and partnerships) that are used to observe, define, and quantify normal and pathologic processes in living animal organs and tissues non-invasively.

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Growth In Expenditure For The Healthcare Sector Is Driving The Growth Of The Small Animal Imaging (In-Vivo) Market

For instance, according to data released by the Organisation for Economic Co-operation and Development, a France-based intergovernmental economic organization, in 2020 health spending as a share of GDP jumped to 9.7% across OECD countries, up from 8.8% in 2019. A group of 17 OECD countries suggests that health spending continued to grow strongly in 2021 by around 6%. Therefore, growing expenditure for the healthcare sector is driving the growth of the small animal imaging (in-vivo) market.

Competitive Landscape And The Regional Analysis Of The Small Animal Imaging (In-Vivo) Market

Major players in the small animal imaging (in-vivo) market are Bruker, PerkinElmer, Miltenyi Biotec, Aspect Imaging Ltd, Mediso Ltd, LI-COR Biosciences, Life Technologies Corporation, Trifoil Imaging, Promega Corporation, New England Biolabs, MR Solutions Ltd, General Electric, Sofie Biosciences Inc, Biospace Lab, and Agilent Technologies Inc.

Additionally, as per TBRC’s research – North America was the largest region in the small animal imaging (in-vivo) market in 2021 holding the largest market share and Europe is expected to be the fastest-growing region in the forecast period.

The Small Animal Imaging (In-Vivo) Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the small animal imaging (in-vivo) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the small animal imaging (in-vivo) market.

Technological Advancement – A Key Trend In The Small Animal Imaging (In-Vivo) Market

Major companies operating in the small animal imaging (in vivo) market are focused on technological advancement to strengthen their position.

Small Animal Imaging (In-Vivo) Market Segmentation By The Business Research Company

1) By Component: Micro-MRI, Optical Imaging, Nuclear Imaging, Other Components

2) By Application: Monitoring Treatment Response, Bio Distribution, Determining Drug or Target Engagement, Cancer Cell Detection, Biomarkers, Longitudinal Studies, Epigenetics

3) By End User: Veterinary Clinics, Veterinary Hospitals, Veterinary Institutes and Research Centers

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