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What Are the Key Projections for the CAGR of the Small Animal Imaging (In-Vivo) Market Size From 2025 to 2034?
The market size of small animal imaging (in-vivo) has experienced a significant expansion in the recent past. The market is predicted to burgeon from $2.84 billion in 2024 to $3.15 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.0%. The historic period’s growth is perceived to stem from factors such as preclinical research and drug development, an upscale in pharmaceutical and biotechnology sectors, increase in translational research, disease modeling and pathophysiology studies, along with funding from academic institutions and government for research.
The market for small animal imaging (in-vivo) is projected to experience substantial growth in the coming years, potentially reaching $4.98 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%. This anticipated growth during the forecast period is linked to the creation of innovative imaging probes and tracers, augmented preclinical CROs (contract research organizations), the incorporation of artificial intelligence in image analysis, the advancement in multimodal imaging systems, and the availability of 3D and high-resolution imaging for small animals. It is also due to the increased research into rare and orphan diseases. The upcoming trends during this period include molecular and functional imaging in small animals, longitudinal and real-time in-vivo imaging, hybrid imaging modalities to provide multimodal information, imaging of CRISPR-altered animals for genetic research, AI-guided phenotyping and biomarker identification, and imaging for neurodegenerative diseases and neuroscience.
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What Are the Major Market Drivers Behind the Rising Adoption of Small Animal Imaging (In-Vivo) Market?
The small animal imaging (in vivo) market is projected to expand, powered by increasing healthcare sector expenditure. Healthcare expenditure, encompassing both public and private spending, is calculated as a percentage of the GDP. The escalating healthcare expenditure along with boosted healthcare awareness bolster the idea of self-care management, wherein PET equipment is utilized for procedures such as small animal imaging. For example, in May 2024, according to a report published by the Office for National Statistics, a UK-based statistics body, healthcare spending in the UK saw a rise of 5.6% in nominal terms in 2023, additionally, long-term health and social care expenditure experienced a 2.8% increment in real terms in 2022. Consequently, augmenting expenditure in the healthcare sector is bolstering the development of the small animal imaging (in-vivo) market.
Which Key Market Segments Comprise the Small Animal Imaging (In-Vivo) Market and Drive Its Revenue Growth?
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
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Which Areas Are Leading Regions in the Small Animal Imaging (In-Vivo) Market Expansion Across the Globe?
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.
What Are the Strategic Trends Steering theSmall Animal Imaging (In-Vivo) Market Direction?
In the small animal imaging (in-vivo) market, the emphasis on technological advancement has become a significant trend. The main players in this sector are concentrating on upgrades to fortify their standing. This is exemplified by PerkinElmer, Inc., an American corporation specializing in diagnostics, life science research, and imaging, which launched the Vega imaging system in April 2022. This state-of-the-art automated ultrasound platform incorporates two automated transducers, simplifying use and yielding more reliable results in disease pathophysiology visualization.
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How Is the Small Animal Imaging (In-Vivo) Market Conceptually Defined?
Small animal imaging (in vivo) refers to the advanced imaging techniques for monitoring cellular activity, pharmacological effects that have been developed, and disease progression in live animals. Small animal imaging (in vivo) is used to observe, define, and quantify normal and pathologic processes in living animal organs and tissues non-invasively.
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