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What Is the Forecast for the Small Animal Imaging (In-Vivo) Market Growth in 2025?

In recent times, there has been a substantial increase in the market size of small animal imaging (in-vivo). It is anticipated that this market will expand from $2.84 billion in 2024 to $3.17 billion in 2025, with a compound annual growth rate (CAGR) of 11.8%. This historical growth can be traced back to several factors, including preclinical research and drug development, the amplification of the pharmaceutical and biotechnology industry, advancements in translational research, studies on disease modeling and pathophysiology, and financial support from academic and governmental research institutions.

What Is the Forecast for the Small Animal Imaging (In-Vivo) Market Size Through 2029?

The market size for small animal imaging (in-vivo) is expected to experience swift expansion in the coming years, with projected growth to $5.05 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.3%. Reasons contributing to this growth in the forecast period can be linked to the creation of advanced imaging probes and tracers, the growth of preclinical CROs (contract research organizations), the incorporation of AI in image analysis, the advancements in multimodal imaging systems, and 3D and high-resolution imaging for small animals. Moreover, a surge in research focused on rare and orphan diseases is also a contributing factor. Key trends projected for this period include molecular and functional imaging in small animals, longitudinal and real-time in-vivo imaging, hybrid imaging techniques for multimodal information, and imaging for genetics research on CRISPR-modified animals. Additionally, AI-enabled phenotyping and biomarker discovery, as well as imaging for neurodegenerative diseases and neuroscience are other notable trends.

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What are the Key Market Players in Small Animal Imaging (In-Vivo) Market and How They’re Evolving?

Major companies operating in the small animal imaging (In-Vivo) market include Bruker Corporation, PerkinElmer Inc., Miltenyi Biotec GmbH, Aspect Imaging Ltd., Mediso Ltd., Siemens AG, Life Technologies Corporation, Promega Corporation, Berthold Technologies GmbH and Co. KG, Spectral Instruments Imaging LLC, Agilent Technologies Inc., Bioscan Inc., Gamma Medica-Ideas Inc., Genovis AB, LI-COR Biosciences, Scanco Medical AG, TriFoil Imaging Inc.

What Are the Primary Growth Drivers in the Small Animal Imaging (In-Vivo) Market?

The expansion of the small animal imaging (in vivo) market is predicted to be driven by increasing expenditure in the healthcare industry. This encompasses both private and public investments in healthcare as a percentage of GDP. With healthcare costs rising and greater understanding and awareness regarding health, self-care management concepts are gaining prominence, with PET equipment playing a key role in small animal imaging techniques. For example, the Office for National Statistics, based in the UK, highlighted in May 2024 that there was a 5.6% nominal term increase in healthcare spending in the UK in 2023, with a 2.8% real-term increase in long-term health and social care expenditure in 2022. Consequently, rising investments in the healthcare sector are fuelling the expansion of the small animal imaging (in-vivo) market.

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What Are the Leading Segments in the Global Small Animal Imaging (In-Vivo) Industry?

The small animal imaging (In-Vivo) market covered in this report is segmented –

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

Subsegments:

1) By Micro-MRI: High-Field Micro-MRI Systems, Low-Field Micro-MRI Systems, MRI Contrast Agents

2) By Optical Imaging: In Vivo Fluorescence Imaging Systems, Bioluminescence Imaging Systems, Optical Coherence Tomography Systems

3) By Nuclear Imaging: Positron Emission Tomography (PET) Scanners, Single Photon Emission Computed Tomography (SPECT) Systems, Radioactive Tracers

4) By Other Components: X-Ray Imaging Systems, CT Imaging Systems, Ultrasound Imaging Systems

What Are the Key Market Trends in the Small Animal Imaging (In-Vivo) Industry?

Technological innovation is emerging as a significant trend within the small animal imaging (in-vivo) market. Many leading companies in this field are concentrating on technological advances to consolidate their standing. For instance, in April 2022, PerkinElmer, Inc., an American corporation that operates in sectors including diagnostics, life science investigation, and imaging, introduced the Vega imaging system. This automated advanced technological ultrasound platform employs two automated transducers, making the technology more user-friendly and delivering more reliable outcomes for visualizing disease pathophysiology.

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What Is the Regional Outlook for the Small Animal Imaging (In-Vivo) Market?

North America was the largest region in the small animal imaging (in-vivo) market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the small animal imaging (in-vivo) market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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This Report Delivers Insight On:

1. How big is the small animal imaging (in-vivo) market, and how is it changing globally?

2. Who are the major companies in the small animal imaging (in-vivo) market, and how are they performing?

3. What are the key opportunities and risks in the small animal imaging (in-vivo) market right now?

4. Which products or customer segments are growing the most in the small animal imaging (in-vivo) market?

5. What factors are helping or slowing down the growth of the small animal imaging (in-vivo) market?

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