As multimodality imaging techniques overcome the limitations of independent techniques, they are extensively used in pre-clinical research.
Global Multimodal Imaging Market: Overview
As multimodality imaging techniques overcome the limitations of independent techniques, they are extensively used in pre-clinical research. Moreover, in order to ensure a smooth grant process for the customers, the pre-clinical vendors are working with grant writers and researchers. This move has not only helped the market players gain revenue benefits but also enabled them to build a loyal customer base. The recent developments in multimodal imaging based on nanoparticles has also garnered extensive consumer attention.
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The increasing use of multimodal imaging in drug discovery and in invasive and non-invasive surgical interventions encouraged the TMR analysts to conduct a holistic research on the multimodal imaging market. In its latest study, TMR highlights the key happenings in the market and gives a comprehensive analysis of the market’s evolution throughout the forecast period. It also details out the new opportunities and challenges in the multimodal imaging market.
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Global Multimodal Imaging Market: New Developments and Competitive Analysis
The competitive landscape of the market is highly consolidated with a few leading enterprises occupying a massive market share. Recent advancements in molecular imaging have paved the way for the growth of the multimodal imaging market. A few developments in the multimodal imaging market are listed below:
- The development of optical fluorescence imaging (OFI) has gained immense popularity as one of the most significant real-time imaging techniques. It is extensively used to study molecular events and is increasingly deployed in imaging-guided surgery.
- Photoacoustic imaging is yet another evolving nob-invasive multimodal imaging technique. It is widely used in real-time imaging in both clinical and pre-clinical applications.
- In September 2018, Bruker Corporation introduced new preclinical PET/CT Si78r system. This system not only answers the latest needs of preclinical imaging scientists but also provides whole-body CT scan in less than seven seconds.
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Global Multimodal Imaging Market: Key Drivers
There has been a subsequent rise in the adoption of advanced multimodal imaging tools in biotechnology companies. This is a result of the rising corporate funding by biopharmaceutical companies. The PET/CT technology in particular commands the highest share in the global multimodal imaging market due to its precision in characterization of tumors.
The developing countries provide the highest growth opportunities for the market’s expansion due to booming pre-clinical research and high presence of people with chronic illnesses. However, the regulatory hurdles in clinical imaging technologies may curtail the market’s growth. As a result, most of the small and medium-sized vendors focus on the pre-clinical multimodal imaging solutions.
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Global Multimodal Imaging Market: Regional Analysis
On the regional front, North America dominates the global multimodal imaging market due to a great access to healthcare facilities. Moreover, there has been a rise in the number of people suffering from illnesses such as cancer and neurological disorders leading to a high demand for multimodal imaging techniques. Asia Pacific is not too far in the race, when it comes to multimodal imaging techniques. Japan, China, and India are the leading contributors to the market’s growth in this region. This is mainly due to rising research pertaining to the development of new imaging techniques and progression in the healthcare industry.
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