In-Vivo Imaging Industry Analysis 2019 to 2023
The global In-Vivo Imaging Industry is presumed to register a significant CAGR during the forecast period (2017-2023) owing to the increasing prevalence of cancer, asserts Market Research Future (MRFR). In vivo imaging can be referred to the visualization of various life processes in an organism.
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National Cancer Institute published in 2016 states that about 1.6 million new cases of cancer were diagnosed in 2010 and the national expenditures for cancer expected to reach USD 156 billion by 2020 from USD 125 billion in 2010
Competitive Analysis by Major Key Players
The major players operating the global market are Aspect Imaging., MR Solutions, New England Biolabs, Mediso Ltd., MILabs B.V., LI-COR, Inc., FUJIFILM VisualSonics Inc., Biospace Lab S.A., Bruker, and TRIFOIL IMAGING
The global In-Vivo Imaging Industry has been segmented on the basis of application, end-users, techniques, and region.
- By mode of application, the global In-Vivo Imaging Industry has been segmented into optical imaging, nuclear imaging, and others.
- By mode of techniques, the global In-Vivo Imaging Industry has been segmented into biomarkers based, radioisotopes based, luminescent proteins-based techniques, and others.
- By mode of end-users, the global In-Vivo Imaging Industry has been segmented into imaging centers, hospitals and clinics, research organizations, and others.
On the flip side, lack of awareness about in vivo imaging, low expenditure on healthcare in developing countries, and uneven distribution of medical services over regional boundaries are likely to retard the market growth in the coming years.
Comprehensive Regional Analysis
Geographically, the In-Vivo Imaging Industry span across regions namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, America holds the largest market share due to the growing prevalence of chronic diseases such as cancer. Also, the presence of developed countries like Canada and the U.S. is likely to augment the market growth in this region.
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Europe is estimated to hold the second position in the market due to factors such as growing expenditure on healthcare. Moreover, rapid technological advancements in the healthcare services are anticipated to boost the market growth during the assessment period.
The Asia Pacific region is considered to grow rapidly during the assessment period owing to the presence of developing economies such as China and India which are adopting the latest technologies in the medical sectors. On the other hand, the Middle East and Africa are estimated to show the least growth due to low penetration of the region in the market. Moreover, factors such as low per capita income and lack of awareness regarding in vivo imaging are considered to inhibit the market growth in this region.ion.
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