Clinical Trial Imaging Market Size, Growth, Share & Comprehensive Analysis By 2027
Global Clinical Trial Imaging Market is valued approximately at USD 939.6billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2020-2027. In clinical trial, imaging system provides insights on the drug mechanism of action (MOA) and drug effects, which further helps researcher to take scientifically based decisions. Technological advancements are enabling substantial improvements in the evaluation, collection, and submission of clinical trial imaging data.
The technology enabled imaging software offers data accuracy, adaptability, consistency and compliance to clinical studies. The rising technological advancements in science and technology coupled with increase in the number of pharmaceutical and biotechnology companies are the few factors responsible for growth of the market over the forecast period. For instance: as per Statista, the number of enterprises for the manufacture of pharmaceutical products and preparations in United Kingdom was 376 enterprises in 2008 and has risen to 645 enterprises that manufacture of pharmaceutical products and preparation in 2018.
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Moreover, R&D expenditure on pharmaceutical and biotechnology industry is augmenting the growth the market. According to Statista, research and development as a percentage of sales in pharmaceuticals manufacturing industry in the United Kingdom was 31.9% in 2016 and has risen to 35% in 2018. Thus, rising R&D expenditure in pharmaceutical industry coupled with increase in the number of pharmaceutical and biotechnology companies is fostering the demand of the market. Whereas, high implementation cost of imaging systems is the major factor restraining the growth of global Clinical Trial Imaging market during the forecast period.
The regional analysis of global Clinical Trial Imaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the presence of leading outsourcing companies and an increase in R&D in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product offerings of key players. The detailed segments and sub-segment of the market are explained below:
To access a sample pages of this report titled “Global Clinical Trial Imaging Market Size study, by Product & Services (Services and Software), by Modality (Computed Tomography, Magnetic Resonance Imaging, Positron Emission Tomography, Ultrasound, X-Ray, Echocardiography and Others), by End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers and Research & Academic Institutions) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below: https://www.marketstudyreport.com/reports/global-clinical-trial-imaging-market-size-research
Clinical Trial Imaging Market by Product & Services:
Clinical Trial Imaging Market by Modality:
- Computed Tomography
- Magnetic Resonance Imaging
- Positron Emission Tomography
Clinical Trial Imaging Market By End-User:
- Specialty Clinics
- Ambulatory Surgical Centers
- Research & Academic Institutions
Clinical Trial Imaging Market By Region:
- North America
Major market player included in this report are:
- Bioclinica, Inc.
- Parexel International Corporation
- Icon PLC
- Biomedical Systems Corporation
- Biotelemetry, Inc.
- Cardiovascular Imaging Technologies, LLC
- Intrinsic Imaging LLC
- Ixico PLC
- Radiant Sage LLC
- Worldcare Clinical, LLC
Global Clinical Trial Imaging Services Market analysis segmented by Product and Services. By Modality By End Users. Regional Forecasting to 2020- 2027
Global Clinical Trial Imaging Services Market was valued at 1.3 Billion US Dollar in 2019 and expected to grow with a CAGR 5.6%. Clinical Trial imaging services are used in clinical and non-clinical trial since years. This is a set of services offered to companies such as pharmaceutical, medical device and biotechnology by contract research organization. In which many services are offered in open market such as project and data management services, image analysis, quality control and other. For instance, services such as project management has team of experts which manage workflow of a clinical trial. Additionally, these services are offered for different types of therapeutic expertise such as neurology, oncology, endocrinology, and others. Rise in adoption of imaging in clinical trials and advancements in the field of medical imaging technology are key drives of the global Clinical Trial Imaging Market.
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