Advanced features of new age preclinical brain imaging and growing R&D activities by research institutes expected to bolster the growth in the forecast period
Advanced features of new age preclinical brain imaging and growing R&D activities by research institutes expected to bolster the growth in the forecast period
Fact.MR, New YORK: Promising collaborations and partnerships by market players to strengthen their product portfolios and expand their geographic presence are expected to surge the preclinical brain imaging market growth through 2021 and beyond, forecasts a pipeline study on the landscape by award winning consulting firm Fact.MR.
According to the study, development of integrated systems that includes multiple functionalities are expected to provide a stimulus for the growth of the market. Due to technological advancements and rising cases of brain cancer has accelerated the demand for position emission tomography (PET) and computed tomography (CT). Hence, the uptake of PET and CT is expected to provide impetus to preclinical brain imaging sales.
Furthermore, the study shows that the rising prevalence for neurodegenerative disorders such as Alzheimer’s disease, Parkinson’s disease is anticipated to fuel the growth of preclinical brain imaging. With the rising cases all across the globe, market players are focusing on product innovation and incorporating technological advancements to generate new proceedings in the upcoming years. Hence, accelerating the market sales.
“Increasing cases of brain cancer and the rising incidences to detect early symptoms of brain tumor, brain disorders and other diseases has proliferated the use of PET-CT preclinical imaging device,” says the Fact.MR analyst.
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Key Takeaways
- Pharmaceutical companies and CRO are expected to be primary end users
- North America expected to be the lucrative market
- Europe to emerge as a potential market backed by the growing R&D activities
- Emerging leading players and high investments expected to create a lucrative market in Asia Pacific.
- Position emission tomography (PET) and computed tomography (CT) expected to collectively account for major market share
Prominent Drivers
- Growing prevalence for brain cancer across the globe to boost the growth
- Technological advancements and product innovation remain as key focus for market players, enabling the future prospects
- Increasing R&D activities and government funding for research stimulating market growth
Key Restraints
- High cost of imaging technique to act as a major restraint, hampering the demand of preclinical brain imaging
Discover more about the Preclinical Brain Imaging market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/2562/preclinical-brain-imaging-market
Competitive Landscape
Toshiba Medical Systems, Hologic, Inc., Carestream Health, Inc. GE Healthcare, Siemens Healthcare, Philips Healthcare and Hitachi Medical Corporation are some of the key players profiled by Fact.MR. According to the study, the market players are focusing on strategies such as product innovation and research & development activities for future growth prospects.
For instance, in 2020, the University of Nottingham partnered with Kent based company Magnetic Shields Limited (MSL) to launch a new spin-out company, Cerca Magnetics Limited (Cerca) to bring the world's most advanced functional brain scanner to market. The Cerca Scanner offered an unprecedented window on brain function to benefit the people suffering with severe neurological illnesses, like epilepsy.
More Insights on the Preclinical Brain Imaging Market
In its latest report, Fact.MR offers unbiased analysis of the global Preclinical Brain Imaging market. The report divulges essential insights on Preclinical Brain Imaging market on the basis of imaging type (computed tomography, positron emission tomography (PET), magnetic resonance imaging (MRI), single photon emission computed tomography (SPECT)), end-user (pharmaceutical companies, contract research organization, research institutes, and biotech comapnies), and regions (North America, Latin America, Europe, Japan, APEJ, and Middle East and Africa)
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Source: Fact.MR