Biological Imaging Reagents Market Size

Biological Imaging Reagents Market size was estimated over at USD 13.3 billion in 2024 and is projected to attain USD 31.7 billion in 2037 surging at a CAGR of 7.5% during the forecast period from 2025 to 2037. In 2025, the industry size is anticipated to reach USD 14.3 billion.

The biological imaging reagents market is expanding due to the rising prevalence of chronic conditions, for instance, as per WHO data in May 2023, there was an astounding increase of 90% in the absolute numbers of chronic diseases. Cancer, diabetes, respiratory disorders, and cardiovascular diseases will be responsible for 86% of the 90 million deaths that occur annually.

This necessitates sophisticated imaging methods for early diagnosis, efficient monitoring, and treatment assessment in real-time. This drives the need for AI-driven techniques and innovative solutions. For instance, in September 2023, Bracco Imaging S.p.A. and Subtle Medical, Inc. announced a global agreement to develop artificial intelligence (AI)-driven contrast media for magnetic resonance imaging (MRI). Through this partnership, the company aimed to expand its customer base and market reach. In addition, the demography needs to make changes in a sedentary lifestyle, inclining towards a rich diet and adopting measures to mitigate obesity rates.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the biological imaging reagents market was over USD 13.3 billion.

The market size of the biological imaging reagents market is projected to cross USD 31.7 billion by the end of 2037 expanding at a CAGR of 7.5% during the forecast period i.e., between 2025-2037.

The major players in the market are Luminex Corporation, Nikon Corporation, Novartis AG, Olympus Corporation, Promega Corporation, Sartorius AG, and others.

In terms of application, the clinical diagnostics segment is anticipated to garner the largest market share of 42.3% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 33.7% by the end of 2037 and provide more business opportunities in the future.

Biological Imaging Reagents Market Size