Market Analysis and Insights: Global In-vivo Imaging Market
In-vivo imaging market is expected to rise to an estimated value of USD 487.42 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the technological advancements and increasing demand for noninvasive in-vivo imaging techniques.
In vivo imaging system helps in automating in vivo imaging research with one-touch, user-defined or pre-set PC controls for repeatable and accurate imaging. The system captures superior images with high sensitivity cooled optics and CCD camera. Data accuracy, easy to use software, parfocal and parcentered optical configurations and ability to image cells and organs subcutaneously within the body cavity of living individual are the driving factors of in vivo imaging system market.
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Competitive Analysis:
Global in-vivo imaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of in-vivo imaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- Technological advancements in the healthcare industry act as a driver for the market
- Increasing market demand for noninvasive in-vivo imaging techniques is another factor which will help the market to grow in near future
- Increase in the rate of acceptance of multi-modality imaging systems in clinical and preclinical research studies
- Growing awareness about the benefits of early disease diagnosis will also act as a driver for the market
Market Restraints
- High cost of clinical and preclinical imaging systems will act as a restraint for the market
- Low healthcare expenditures in developing countries will also act as a restraint for the market
- Uneven distribution of medical services over the regional boundaries will hamper the market in near future
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Segmentation: Global In-vivo Imaging Market
By Modality
- Optical Imaging Systems
- Bioluminescence/Fluorescence Imaging Systems
- Standalone Fluorescence Imaging Systems
- Optical + X-Ray)/ (Optical + CT) Systems
- Nuclear Imaging Systems
- Micro-Pet Systems
- Micro-Spect Systems
- Trimodality Systems
- Micro-MRI
- Micro-Ultrasound
- Micro-CT
- Photoacoustic Imaging Systems
- Magnetic Particle Imaging Systems
By Reagents
- Optical Imaging Reagents
- Bioluminescent Imaging Reagents
- Luciferins
- Proluciferins
- Coelenterazine
- Others
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Key Developments in the Market:
- In October 2018, Miltenyi Biotec GmbH, a leader who manufactures cellular therapy and advancing biomedical research related products and services has acquired LaVision BioTec GmbH who is a high-end microscopy specialist. This acquisition will help both the companies to innovate and market new technologies like light-sheet microscopy and multiphoton-microscopy. Such acquisitions will help the companies to penetrate more in this market in near future.
- In September 2017, PerkinElmer, Inc., launched 2D optical in vivo imaging systems namely, Lumina X5 and IVIS Lumina S5. Both the products provide high resolution and High throughput X-ray imaging. It also has camera that gives expanded field of view, helping scientists to capture more subjects at the same time. Such new launches will help the company to grow in this market.
Key Market Competitors:
Few of the major market competitors currently working in the global in-vivo imaging market are PerkinElmer Inc., FUJIFILM Holdings Corporation, Siemens, Miltenyi Biotec, Bruker, BIOSCAN, INC., CMR Naviscan, SCANCO Medical AG, Aspect Imaging, Mediso Ltd., LI-COR, Inc., BIOTECHNIQUES, Takara Bio Inc., Mediso Ltd., MILabs B.V., MR Solutions, TRIFOIL IMAGING among others.
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