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The global small animal imaging (in-vivo) market has experienced remarkable growth, surging from $2.28 billion in 2022 to $2.54 billion in 2023, reflecting a compelling Compound Annual Growth Rate (CAGR) of 11.4%. Projections for the market are optimistic, with an expected size of $3.8 billion in 2027, driven by key factors that are reshaping the landscape of small animal imaging.

Growing Healthcare Expenditure: A Catalyst for Market Expansion

• Defining Healthcare Expenditure: Healthcare expenditure, encompassing both public and private costs as a percentage of GDP, is a crucial metric reflecting the overall investment in health care. Rising healthcare awareness and the shift towards self-care management contribute to the adoption of small animal imaging techniques.
• Global Trends: According to the Organisation for Economic Co-operation and Development (OECD), health spending as a share of GDP surged to 9.7% across OECD countries in 2020, up from 8.8% in 2019. In 2021, health spending continued to grow strongly, indicating a sustained upward trajectory.
• Driving the Market: The increasing expenditure in the healthcare sector acts as a driving force for the small animal imaging (in-vivo) market. With a focus on healthcare awareness and self-care, the demand for imaging technologies, particularly in techniques like small animal imaging, is on the rise.

Key Market Players: Driving Innovation and Excellence
The small animal imaging (in-vivo) market is marked by the presence of major players, actively contributing to technological advancements and market growth.

• Market Leaders: 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.

Technological Advancement: A Pivotal Trend

• Focus on Innovation: Technological advancement is a key trend shaping the small animal imaging (in-vivo) market. Leading companies are investing in advanced technologies to enhance their market presence.
• PerkinElmer’s Vega Imaging System: In April 2022, PerkinElmer, Inc. launched the Vega imaging system, an automated advanced technology ultrasound platform. This system utilizes two automated transducers, ensuring user-friendly technology and delivering consistent results for visualizing the pathophysiology of diseases.

Market Segmentation: Understanding the Dynamics
The global small animal imaging (in-vivo) market is segmented into distinct categories, offering insights into its diverse components, applications, and end-users.

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

Regional Dynamics: North America Leading, Europe Emerging Strong

• North America: In 2022, North America stood out as the largest region in the small animal imaging (in-vivo) market, showcasing the region’s prominent role in market share.
• Europe: Expected to be the fastest-growing region in the forecast period, Europe is poised to witness significant advancements and adoption of small animal imaging technologies.

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The Table Of Content For The Small Animal Imaging (In-Vivo) Market Include:
1. Small Animal Imaging (In-Vivo) Market Executive Summary
2. Small Animal Imaging (In-Vivo) Market Segments
3. Small Animal Imaging (In-Vivo) Market Size And Small Animal Imaging (In-Vivo) Market Growth Rate
4. Key Small Animal Imaging (In-Vivo) Market Trends
5. Major Small Animal Imaging (In-Vivo) Market Drivers
……
25. Key Mergers And Acquisitions In The Small Animal Imaging (In-Vivo) Market
26. Top Small Animal Imaging (In-Vivo) Companies
27. Small Animal Imaging (In-Vivo) Market Opportunities And Strategies
28. Small Animal Imaging (In-Vivo) Market, Conclusions And Recommendations
29. Appendix

The Small Animal Imaging (In-Vivo) Market Global Market Report 2023 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 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.

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