In Vivo Imaging Market Overview
In vivo imaging is the visualization of different life processes in an organism. Based on this visualization, abnormalities within the biological systems can be diagnosed as specific diseases. Several factors attributing to such acceleration in growth include a rise in the global burden of diseases, a rise in the demand for effective diagnosis, and growing need for real-time monitoring of the treatment’s efficiency through the therapeutic period is also on the rise.
This has led to the fast-paced development of different in-vivo techniques that aid in better monitoring and diagnosis at molecular levels. Such technological advancements are causative to the growth of the in vivo imaging market to a great extent.
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As per the World Health Organization report published in 2017, 1 in 6 deaths that occurred in 2015 was because of cancer, making it the second biggest cause of death across the globe. In addition, different types of cancer diagnosed around the world caused around 8.8 million deaths in 2015, which has pushed the global in vivo imaging market to a great extent. Moreover, an analysis by the National Cancer Institute from 2016 suggests that around 1.6 million new cases of cancer were identified in 2010, causative of the healthcare expenditure reaching a valuation of USD 156 billion by 2020. However, numerous factors such as lack of awareness, an uneven distribution of medical services, and lower healthcare expenditure in developing countries are hindering growth in the global in vivo imaging market.
The global in vivo imaging market is driven by various strategic moves undertaken by several market giants. Some of these prominent players are profiled in the latest MRFR analysis including
Biospace Lab S.A.
FUJIFILM VisualSonics Inc.
and New England Biolabs.
The global in vivo imaging market is studied for various segments for a detailed and accurate analysis. Such segmentation has been carried out by application, end-users, techniques, and region. Based on applications, the global in vivo imaging market is segmented into optical imaging and nuclear imaging. Based on techniques, the global in vivo imaging market is segmented into biomarkers based, radioisotopes based, and luminescent proteins-based techniques. Based on end-users, the global in vivo imaging market is segmented into imaging centers, hospitals and clinics, and research organizations.
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Detailed Regional Analysis
Based on geography, the global in vivo imaging market is segmented into the Americas, Asia Pacific, Europe, and the Middle East & Africa. Among these regions, the Americas are expected to spearhead the global in vivo imaging market over the forecast period. This market command can be attributed to the growing prevalence of chronic diseases such as cancer. Additionally, the presence of developed countries such as the US and Canada is likely to augment the in vivo imaging market in the region.
Europe is likely to trail close behind the Americas, garnering the second largest share in the global in vivo imaging market over the assessment period. This fast-paced market growth can be credited to the growing healthcare expenditure. Furthermore, rapid technological advancements in the healthcare sector are estimated to push the regional in vivo imaging market during the assessment period.
Asia Pacific is expected to ascend at an accelerated pace during the review period. Attributable factors include the presence of many developing economies, such as India and China. These economies are adopting the latest technologies in the medical sector.
Alternatively, the Middle East & Africa are expected to showcase sluggish growth during the conjectured period. This can be accredited to slow ingression of advanced healthcare technologies in the region. Apart from this, a lack of awareness and a low per capita income in the region are further slowing down the in vivo imaging market growth in the region.
June 2019: Dunlee, recently announced the expansion of its MR products with in-vivo MR coils for breasts, cardiac, neuro, lungs, and orthopedic applications. These MR coils are designed for a range of anatomies such as element counts, anatomies, field strengths, as well as imaging applications.
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TABLE OF CONTENT
- Report Prologue
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global In Vivo Imaging Market, By Application
- Global In Vivo Imaging Market, By Techniques
- Global In Vivo Imaging Market, By End Uses
- Global In Vivo Imaging Market, By Region
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