Global Small Animal Imaging Market to Reach US$1.5 bn by 2020, Increasing Proliferation of CROs Drives Growth Transparency Market Research (TMR) has recently published a report on the global small animal imaging market, according to which, the market is projected to rise at a healthy CAGR of 8.60% during the period from 2014 to 2020.The research report, titled “Small Animal Imaging Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,� anticipates this market to increase from an overall value of US$1.5 bn in 2013 to an estimated value of US$2.7 bn by the end of the forecast period.
Small animal imaging technology has carved a niche for itself as one of the most helpful techniques used in preclinical research. The technology is mainly for obtaining preclinical images of small animals such as rats in order to carry out gene expression studies and various drug development research activities. Being a non-invasive technique, it provides an accurate and detailed longitudinal study on the subject. The global market for small animal imaging market is witnessing a steady rise in its valuation thanks to the rapid proliferation of contract research organizations (CROs) in developing economies. This in turn is fueling the demand for contrast agents and preclinical imaging devices. The rising uptake of optical and multi-modal imaging devices in the global arena is also boosting this market significantly, notes the study. In this research report, the global small animal imaging market has been evaluated on the basis of the device, reagent, application, and the region. Based on the device, the market has been classified into micro-MRI imaging, micro-CT imaging, micro-PET/SPECT imaging, microultrasound imaging, optical imaging, multi-modal imaging, and micro-PAT. In 2013, the microMRI imaging devices segment held around 27 to 31% share and the optical imaging devices segment accounted for a share of approximately 12% to 17% in the global market. The report has identified MRI contrast reagents, CT contrast reagents, nuclear imaging contrast reagents, ultrasound contrast reagents, and optical imaging contrast reagents as the major reagents available in this market. Cardiology, neurology and psychiatry, oncology, autoimmune diseases have been recognized as the prime application areas of small animal imaging market. Read Full Report: http://www.transparencymarketresearch.com/small-animal-imaging.html