The Small Animal Imaging Global Market Report 2023 by The Business Research Company, provides small animal imaging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Small Animal Imaging Global Market Report 2023, the market size grew from $2.28 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global small animal imaging (in-vivo) is expected to grow to $3.8 billion in 2027 at a CAGR of 10.6%.
Growing expenditure for the healthcare sector is expected to propel the growth of the small animal imaging (in-vivo) market going forward. Healthcare expenditure refers to the overall cost of health care (including public and private expenditures) as a percentage of GDP. Rising healthcare expenditure and increasing healthcare awareness, encourage the concept of self-care management where PET equipment is used in techniques such as small animal imaging.
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The small animal imaging market 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
Technological advancement is a key trend gaining popularity 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. For instance, in April 2022, PerkinElmer, Inc., a US-based company engaged in business areas such as diagnostics, life science research, and imaging, launched the Vega imaging system, an automated advanced technology ultrasound platform. The automated technology involves the use of two automated transducers, resulting in easy-to-use technology and generating more consistent results to visualize the pathophysiology of the disease.
The small animal imaging market report table of contents includes:
1. Executive Summary
2. Small Animal Imaging (In-Vivo) Market Characteristics
3. Small Animal Imaging (In-Vivo) Market Trends And Strategies
4. Small Animal Imaging (In-Vivo) Market – Macro Economic Scenario
5. Small Animal Imaging (In-Vivo) Market Size And Growth
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26. Africa Small Animal Imaging (In-Vivo) Market
27. Small Animal Imaging (In-Vivo) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Animal Imaging (In-Vivo) Market
29. Small Animal Imaging (In-Vivo) Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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