Impact Analysis of Covid-19

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Small animal imaging involves devices and reagents used for preclinical imaging of rats and mice for the development of drugs, developmental studies, gene expression, and various other research activities. These devices are similar to imaging modalities used for diagnostic purposes in humans, however due to the smaller size are generally referred as micro devices.

Statistics:

The global small animal imaging market is estimated to account for US$ 4,879.3 Mn in terms of value by the end of 2027.

Global Small Animal Imaging Market: Drivers

Growing applications of preclinical imaging modalities in drug discovery and biotechnology research is expected to propel growth of the global small animal imaging market over the forecast period. Preclinical imaging is currently one of the most powerful and clinically translatable methods for monitoring disease progression. Early image-based indications from preclinical studies are being increasingly used for effective enrollment of patients or switching of treatment paradigm, which eventually saves time and money with respect to bringing novel drugs in the market. Drug manufacturers and biotechnology companies over a decade have substantially increased their focus on imaging endpoints in clinical trials, especially with techniques such as micro-MRI, Micro-PET and optical imaging. These inclinations have created a need for preclinical imaging tools and reagents for validating and optimizing imaging protocol pertaining to a specific agent or class of agent.

Moreover, exponential growth and demand for CROs in emerging market is also expected to aid in growth of the global small animal imaging market. Asia Pacific is gradually emerging as a prime destination for pharmaceutical research outsourcing due to lower operating costs and availability of skilled labor. This has resulted in the emergence of large number of contract research organizations (CROs) in this region.

Statistics:

North America held dominant position in the global small animal imaging market in 2019, accounting for 37.7% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Small Animal Imaging Market Share (%) Value, By Region, 2019

Small Animal Imaging  | Coherent Market Insights

Global Small Animal Imaging Market: Restraints 

Despite the effectiveness of preclinical imaging systems to provide high quality and detailed images of small animals, high cost of preclinical imaging instruments is expected to hinder growth of the global small animal imaging market. For instance, a micro-PET system costs between US$ 400,000 and US$ 1,200,000 based on the system configuration and brand.

Moreover, stringent regulatory scenario is also expected to limit growth of the global small animal imaging market. For instance, clinical viability of molecular imaging devices require regulatory approval for imaging probes by the U.S. FDA and reimbursement from insurance carriers and the Centers for Medicare and Medicaid Services (CMS). This makes the overall approval process long, complicated and expensive, as the molecular imaging devices have a myriad of probes and technologies associated, all seeking prerequisite approval and reimbursement before actual launch.

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Small Animal Imaging Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 2,740.0 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 8.6% 2027 Value Projection: US$ 4,879.3 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type:
    • Devices: CT, MRI, PET/SPECT, Multimodal, Optical Imaging, Ultrasound, PAT.
    • Reagents.
  • By Application: Oncology, Cardiology, Autoimmune diseases, Neurology and Psychiatry, Others.
Companies covered:

Agilent Technologies, Inc., Aspect Imaging, Bruker Corporation, TriFoil Imaging, Inc., LI-COR Biosciences, Inc., FujiFilm VisualSonics, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, Hallmarq Veterinary Imaging, and SCANCO Medical AG

Growth Drivers:
  • Approval and launch of new products
Restraints & Challenges:
  • Stringent Regulatory Scenario

Global Small Animal Imaging Market: Opportunities  

Investment R&D in novel reagents is expected to offer lucrative growth opportunities for players in the global small animal imaging market. Development of reagents which either have superior imaging results or potential to be used in multiple devices will help companies to retain market share for a considerably longer period.

Moreover, R&D in animal imaging is also expected to aid in growth of the global small animal imaging market. For instance, in June 2020, researchers from Institute of Biological and Medical Imaging (IBMI), Germany, reported development of two photochromic proteins for cell-specific in vivo optoacoustic whole-animal imaging with signal unmixing in the temporal domain.

Statistics:

The global small animal imaging market was valued at US$ 2,562.3 Mn in 2019 and is forecast to reach a value of US$ 4,879.3 Mn by 2027 at a CAGR of 8.6% between 2020 and 2027.

Figure 2: Global Small Animal Imaging Market Value (US$ Mn), 2016 – 2027

Small Animal Imaging  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the global small animal imaging market are focused on launching new products to expand their product portfolio. For instance, in September 2020, AXT launched the Vieworks range of bio-imaging systems. The VISQUE bio-imaging range will be an asset to medical researchers working in Translational Research such as drug discovery, cancer research and many more applications.

Increasing adoption of small animal imaging products is expected to propel growth of the market. For instance, in May 2020, The USF Health Heart Institute acquired 7T PET/MR and PET/CT integrated imaging systems from MR Solutions for preclinical research.

Figure 3. Value Chain Analysis

Small Animal Imaging  | Coherent Market Insights

Global Small Animal Imaging Market: Competitive Landscape

Major players operating in the global small animal imaging market include, Agilent Technologies, Inc., Aspect Imaging, Bruker Corporation, TriFoil Imaging, Inc., LI-COR Biosciences, Inc., FujiFilm VisualSonics, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, Hallmarq Veterinary Imaging, and SCANCO Medical AG.

Global Small Animal Imaging Market: Key Developments

Major players in the global small animal imaging market are focused on launching new products to expand their product portfolio. For instance, in September 2020, Hallmarq Veterinary Imaging launched a second-generation MRI system for large-breed dogs and other small animals.

Small animal imaging is a technique employed using devices and reagents for imaging biological processes in animals such as rats and mice for drug development and gene expression studies. Small animal imaging devices are similar to the devices used for diagnostic purposes in human, due to the smaller size they are referred as micro devices. The analysis provided by using small animals imaging system can provide valuable information in preclinical or phase I stage of clinical trials and to understand the activity of pharmaceutical compounds. Small animal imaging is classification and measurement of biological processes at molecular level which involves the study of targeted molecule that is used in clinical research for drug development. Increasing applications of preclinical imaging modalities in drug discovery and biotechnology research along with Increasing adoption of multimodal and optical imaging devices is expected to propel growth of the global small animal imaging market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Global Small Animal Imaging market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Small Animal Imaging market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Agilent Technologies, Inc., Aspect Imaging, Bruker Corporation, TriFoil Imaging, Inc., LI-COR Biosciences, Inc., FujiFilm VisualSonics, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, Hallmarq Veterinary Imaging, and SCANCO Medical AG
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Small Animal Imaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Small Animal Imaging market

Detailed Segmentation:

  • Global Small Animal Imaging Market, By Product Type:
    • Devices
      • CT
      • MRI
      • PET/SPECT
      • Multimodal
      • Optical Imaging
      • Ultrasound
      • PAT
    • Reagents
  • Global Small Animal Imaging Market, By Application:
    • Oncology
    • Cardiology
    • Autoimmune diseases
    • Neurology and Psychiatry
    • Others
  • Global Small Animal Imaging Market, By Region:
    • North America
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Devices
          • CT
          • MRI
          • PET/SPECT
          • Multimodal
          • Optical Imaging
          • Ultrasound
          • PAT
        • Reagents
      • By Application
        • Oncology
        • Cardiology
        • Autoimmune diseases
        • Neurology and Psychiatry
        • Others
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Agilent Technologies, Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Aspect Imaging
    • Bruker Corporation
    • TriFoil Imaging, Inc.
    • LI-COR Biosciences, Inc.
    • FujiFilm VisualSonics, Inc.
    • Miltenyi Biotec GmbH
    • MR Solutions
    • Perkin Elmer, Inc.
    • Promega Corporation
    • Siemens AG
    • AXT
    • Hallmarq Veterinary Imaging
    • SCANCO Medical AG
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
    • COVID19 Impact on the market
  4. Global Small Animal Imaging Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • CT
        • MRI
        • PET/SPECT
        • Multimodal
        • Optical Imaging
        • Ultrasound
        • PAT
    • Reagents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Small Animal Imaging Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Oncology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cardiology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Autoimmune diseases
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neurology and Psychiatry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Small Animal Imaging Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Agilent Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Aspect Imaging
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bruker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • TriFoil Imaging, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • LI-COR Biosciences, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • FujiFilm VisualSonics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Miltenyi Biotec GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • MR Solutions
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Perkin Elmer Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Promega Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • AXT
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hallmarq Veterinary Imaging
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SCANCO Medical AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 24 market data tables and 16 figures on “Small Animal Imaging Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Small Animal Imaging market size was estimated at US$ 2,740.0 million in 2020 and is estimated to exhibit a CAGR of 8.6% between 2020 and 2027.
Oncology application segment held the major market share in Global Small Animal Imaging market during 2019 .
Major factor driving the growth of Global Small Animal Imaging market during the forecast period comprises growing applications of preclinical imaging modalities in drug discovery and biotechnology research.
Major factors hampering the growth of the Global Small Animal Imaging market during the forecast period constitutes of stringent regulatory scenario.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Agilent Technologies, Inc., Aspect Imaging, Bruker Corporation, TriFoil Imaging, Inc., LI-COR Biosciences, Inc., FujiFilm VisualSonics, Inc., Miltenyi Biotec GmbH, MR Solutions, Perkin Elmer, Inc., Promega Corporation, Siemens AG, AXT, Hallmarq Veterinary Imaging, and SCANCO Medical AG
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