Global Market Size, Forecast, and Trend Highlights Over 2025 – 2037
In-vivo Imaging Market size was over USD 1.15 billion in 2024 and is poised to cross USD 2.64 billion by the end of 2037, growing at more than 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of in-vivo imaging is estimated at USD 1.21 billion.
The reason behind the growth is impelled by the increasing cases of cancer across the globe. Cancer is the primary cause of death, and in nations with low Human Development Indexes (HDI), the number of new cases is rising rapidly.
In the study of cancer biology as well as in clinical prognosis and treatment, In-vivo imaging has emerged as a crucial tool as it offers one-of-a-kind, cutting-edge capabilities to help with the development of protocols for cancer detection and diagnosis.
According to estimates, by 2040, there will be more than 26 million new instances of cancer annually throughout the world.
The rising trend of precision medicine is believed to fuel the market growth. Precision medicine has helped reduce superfluous, pointless testing and unnecessary hospital admissions and has led to more accurate diagnoses and forecasts of disease risk before any symptoms appear.
Moreover, precision medicine is an effective method for examining the human body in vivo molecular imaging, which allows for more accurate diagnostics and real-time monitoring.
In-vivo Imaging Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Popularity of Minimally Invasive Procedures – Patients are becoming more and more familiar with less invasive procedures as they offer them several advantages such as less pain, and shorter hospital stays. In-vivo imaging is a non-invasive method that is becoming a crucial tool for preclinical research and can be utilized in fundamental biomedical research and clinical medicine.
- Growing Geriatric Population- The elderly population is more prone to various age-related diseases such as cancer, and neurodegenerative disorders, which necessitates the usage of In-vivo imaging techniques for diagnosing and monitoring these conditions. Lately, more than 8% of the world's population, are over 65.
Challenges
- High Cost of Procedure – In-vivo imaging technologies involve an in-vivo microscope which can easily cost over USD 1 million, which is too expensive in several developing nations. Besides this, cost is one of the main disadvantages of micro-MRI. Systems used for animal imaging, with most systems costing more than USD 1 million.
- Data Complexity
- Ethical Concerns associated with Involvement of Animals
In-vivo Imaging Segmentation
Modality (Nuclear Imaging Systems, Optical Imaging Systems, Micro-MRI, Micro-Ultrasound, Micro-CT, Photoacoustic Imaging Systems, Magnetic Particle Imaging Systems)
The micro-MRI segment is estimated to hold 21% share of the global in-vivo imaging market in the coming years owing to the growing usage in small animal imaging. In vivo, 3D imaging of microstructure in small animals such as mice and rats is made easier with the use of micro-MRI since small animal models play a crucial role in cardiovascular investigation and help researchers in studying In-vivo molecular pathways in cardiovascular pathology.
Techniques (Biomarkers Based, Luminescent Proteins Based, Radioisotopes Based)
The radioisotopes based segment is set to garner a notable share shortly. Radioisotope-based based In-vivo imaging is widely used in preclinical research to study diseases in living organisms. For instance, positron emission tomography (PET) is an imaging technique that uses radioisotopes to inject a small amount of radioactive glucose into the veins of animals to study metabolic processes and more.
Our in-depth analysis of the global market includes the following segments:
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Customize this ReportIn-vivo Imaging Industry- Regional Synopsis
APAC Market Forecast
In-vivo imaging market in Asia Pacific is predicted to account for the largest share of 46% by 2037 impelled by the increasing spending in healthcare. This has led to the expansion of research & development activities in healthcare technology in the region, which might result in the development of more advanced In-vivo imaging techniques. According to estimates, the predicted cost of healthcare in India in 2020 was more than USD 190 billion.
North American Market Statistics
The North America In-vivo imaging market is estimated to be the second largest, during the forecast timeframe led by the presence of well-established healthcare infrastructure. The American economy's most important sector is the healthcare industry which focuses on cutting costs and enhancing patient outcomes. As a result, the availability of skilled medical professionals and advanced diagnostic techniques including for more precise diagnosis of diseases has increased in the region. This is expected to create huge demand for In-vivo imaging techniques.
Companies Dominating the In-vivo Imaging Landscape
- PerkinElmer Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Bruker
- FUJIFILM VisualSonics Inc.
- Siemens
- Miltenyi Biotec
- CMR Naviscan
- SCANCO Medical AG
- Aspect Imaging Ltd.
- Mediso Ltd.
- LI-COR, Inc.
- MILabs B.V.
- MR Solutions
- Trifoil Imaging
- Biospace Lab
In the News
- PerkinElmer Inc. announced to introduce a Vega imaging system that permits scientists to quickly sequentially scan up to three participants, and to see the pathophysiology of disease in a more comprehensive anatomical context. Further, the Vega imaging system enables us to overcome difficulties with traditional hand-held ultrasound systems and generates findings that are more constant as compared to conventional ultrasound systems.
- FUJIFILM VisualSonics Inc. launched Vevo F2, which includes HD image processing to provide clearer images and substantially higher frame rates than platforms from preceding generations.
Author Credits: Radhika Pawar
- Report ID: 5231
- Published Date: Oct 09, 2024
- Report Format: PDF, PPT
