Regional Analysis
The Asia Pacific dominates the global imaging chemicals market due to the high demand the region displays for imaging chemicals in the healthcare sector. The presence of an increasing geriatric population and an otherwise large ever-increasing population combined with rising disposable incomes have placed high demand for imaging chemicals in diagnostics. Moreover, the booming textile industry present in the APAC region is increasing using imaging chemicals for digital printing purposes which are expected to augment market growth in the region.
North America accounts for the second largest market and is followed by Europe. The consistent use and development of imaging chemicals in these regions and their high demand in the well-establish healthcare sectors in North America and Europe are key in the markets significant size.
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Key Players
Leading players profiled in the imaging chemicals market include-
- Fujifilm (Japan)
- T&K TOKA Corporation (Japan)
- Siegwerk Druckfarben AG & Co. KGaA (Germany)
- TOYO INK SC HOLDINGS CO., LTD. (Japan)
- SAKATA INX CORPORATION (Japan)
- Flint Group (Luxembourg)
- DIC CORPORATION (Japan)
- Vivimed Labs (India)
- Eastman Kodak Company (U.K)
- Qingdao Scienoc Chemical Co., Ltd (China)
March 2019– IXICO, a leading Neuroimaging analytics company has collaborated with London Imaging & Artificial Intelligence Centre. The creation and use of AI technology will help IXICO in developing innovative and highly valued solutions for their biopharmaceutical clients and in support of its neuroscience clinical development programs. This latest centre will help in developing and training sophisticated AI (artificial intelligence) from patient data and NHS medical images with an aim to offer clinicians with tools that will help clinicians in speeding up and improving diagnosis and care for various patient pathways including cancer, heart failure and dementia.
Market Analysis
The current demands and technologies on imaging are indeed growing much beyond the traditional photographic imaging and as exemplified via the medical X-ray applications. For addressing issues as next generation of the microelectronics technologies, ability of performing spatially resolved measurements concerning chemical structure, dynamics and function, advanced material development, chemical manufacturing and disease detection is crucial. Digital printing especially in textiles has transformed the manner in which textiles are made. Thanks to the eco-friendly printing techniques and use of organic colors. The global imaging chemicals market is projected to have a high growth at a significant CAGR during the forecast period (2018-2023). Simply put, imaging chemical is a temporal and spatial identification as well as characterization of a molecular chemical composition, dynamics and structure of a particular given sample.
There are many factors that is driving the growth of the imaging chemicals market. Some of these factors as per the Market Research Future (MRFR) report include growing demand of imaging chemicals in various end-use industries such as mining, textile, medical and others, increased expenditure made by the government on healthcare, rising purchasing power, longer life expectancies, changing lifestyles, consumer health awareness, growing generic population, increasing development of imaging chemicals, increasing prevalence of brain disorders and cancer, leading players investing heavily in developing imaging agents especially for better diagnostic capabilities and technological shift from conventional to digital printing. On the contrary factors such as strict environmental regulations and digitalization may hinder the growth of the imaging chemicals market.
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Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the imaging chemicals market on the basis of product type and application.
Based on Product Type, it is segmented into anti-fogging agents, image developers, printing inks, imaging agents and toners and others. Of these, printing inks will have the maximum share in the imaging chemicals market over the forecast period owing to the impressive growth of textile, printing and packaging processing applications.
Based on Application, the imaging chemicals market is segmented into mining, textile processing, packaging and printing, medical diagnostics and others. Of these, textile processing is anticipated to expand at the highest CAGR during the forecast period owing to the developing manufacturing industry.
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