Multi-Modality Imaging Systems Will Open Up Research Opportunities in the Global Preclinical Imaging Market by 2019: TechNavio

An increase in R&D in pharmaceutical companies has resulted in the growth of the Global Preclinical Imaging Market, which is expected to post a CAGR of 15.02 percent from 2014-2019, says research firm TechNavio.

About the Report

The latest report from TechNavio highlights the increased use of multi-modality imaging systems, which allow more robust biological insights to be gathered in a wide range of applications. These systems allow for accurate early detection of tumors in small animals, which in turn enables the development of new drug candidates for humans.

These systems bring the competency and accreditation of individual systems from both nuclear medicine and radiology at the anatomical and molecular information levels. However, clinical radiology has a greater focus on the demonstration of anatomy and pathology, and nuclear medicine over biology and pathophysiology.

“The multi-modalities help in extensive research in clinical aspects and will continue to provide research opportunities,” says Faisal Ghaus, Vice President of TechNavio.

Furthermore, pharmaceutical and biopharmaceutical vendors are making huge efforts to reduce R&D expenditure and increase profitability by outsourcing clinical trial activities to CROs.

“By outsourcing R&D to CROs, pharmaceutical and biopharmaceutical vendors can focus on other activities like manufacturing, marketing and promotions, which is expected to make a huge impact on the revenue generation of vendors over the next few years,” says Ghaus.

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2019
• Market Growth Drivers:
  • Increased R&D in Pharma Companies
  • For a full detailed list, view our report.
• Market Challenges:
  • High Cost
  • For a full detailed list, view our report.
• Market Trends:
  • Use of Multi-modality Imaging Systems
  • For a full detailed list, view our report.
• Key Vendors:
  • Aspect Imaging
  • Bruker Corp.
  • Mediso Ltd.
  • PerkinElmer Inc.
• Other Prominent Vendors:
  • Agilent Technologies
  • Capintec
  • GE Medical Systems
  • Hitachi Medical

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the imaging market:

• Global Infrared Imaging Market 2014-2018

If you are interested in more information, please contact our media team at [e-mail].