The global small animal diagnostic imaging system market size was valued at USD 966.2 million in 2022 and is poised to grow at a significant CAGR of 6.8% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Small Animal Diagnostic Imaging System Market Based on the Modality (Portable, Standalone), by Product (MRI, Ultrasound, PET, Magnetic Particle Imaging, SPECT, CT, Photoacoustic Imaging, Optical Imaging), by end-use (Veterinary Hospitals, Veterinary Clinics, Others (Research Institutes)) - Global/Region/Country Forecast to 2028”.
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Increase in Preclinical Studies Many Different drug Development Processes impelling the Global Small Animal Diagnostic Imaging Market
Small animal diagnostic imaging is one of the preferred methods employed making use of reagents and devices for imagining biological processes in animals like mice and rats to make gene expression studies and develop drug. Small animal diagnostics devices work in the same ways as the devices employed for the diagnostic aim in human. They are also called as micro devices because of their smaller size. This diagnostic system does the entire body scan of animals. It is one of the cost-efficient methods to validate and commercialize new drugs. It serves as the best means to provide important data in preclinical or phase I stage of clinical trials.
There are several reasons that contribute greatly in fuelling the global small animal diagnostic imaging market over the forecast time span such as high resolution modalities, emerging number of pharmaceutical industries and clinical research industries, real time data storage and growing applications of in-vivo imaging pre-clinical research. Moreover, the worldwide clinical research initiatives in addition to the technology development, which is linked with the pre-clinical attempts anticipated to boost the small animal diagnostic imaging market. On the other hand, dearth of capable research personnel in the rising countries along the need of high-end devices and strict regulatory policies are projected to hamper the small animal diagnostic imaging market growth in the forthcoming duration.
Global Small Animal Diagnostic Imaging Market Regional Analysis:
On the basis of regional analysis, global small animal diagnostic imaging market is categorized into major regions such as Asia Pacific, North America, Latin America, Europe, Middle East and Africa. North America is ruling the market share of the small animal diagnostic imaging market owing to the factors such as technology developments and increasing preclinical studies on different drug development processes. Europe also witnesses good share in the small animal diagnostic imaging market. Asia Pacific is anticipated to experience considerable growth over the evaluation years.
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There are several leading market players operating in the global small animal diagnostic imaging market, which include Becton, Dickinson & Company (U.S.), Medtronic (U.S.), Revolutions Medical Corporation (U.S.), Retractable Technologies, Inc. (U.S.), Royal Imtech N.V. , Terumo Corporation (Japan), Unilife Corporation (U.S.), Sol-Millennium Medical Group (China), Ultimed, Inc. (U.S.), Axel Bio Corporation (U.S
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