Market
Insights:
In vivo imaging facilitates the early
detection of biological abnormalities in a living being and helps in curbing
its ill effects which have catalyzed the
demand in the global in vivo imaging market. Market Research Future (MRFR) has
unfolded in its latest report that the global in
vivo imaging market will witness demand escalation leading to
maximization of profits by 2023.
The potential of in vivo imaging industry
has been proven in treating lethal diseases such as cancer, tumor, etc. which
has led to its rapid adoption in the healthcare
sector. According to a report published by the World
Health Organization (WHO) in 2017, one
out of every six deaths had been caused
by cancer in 2015. National Cancer Institute, the U.S., reveals that about 1.6
million new cases of cancer were diagnosed
in 2010. It also highlighted that the healthcare expenditure for cancer
treatment would reach approximately USD
156 Bn by 2020 from USD 125 Bn in 2010. The rising burden of cancer has
generated the demand for integrating in vivo imaging solutions into cancer diagnosis for effective
treatment.
The growing inclination towards preventive
healthcare diagnosis is the key driver of the market expansion. The rising
incidences of diseases have inflicted a
fear among the population which when coupled with multiplied disposable income has
fueled the need for frequent checkups, thereby, amplifying the market size of
in vivo imaging. Other factors favoring the increasing revenue creation from
the market are increased healthcare expenditure, developments in the healthcare sector, research & development
activities, etc.
However, the factors prevailing in the
market that will hold the market growth during the review period include low
healthcare expenditure in developing economies, lack of awareness, and, uneven
technological penetration in the healthcare
sector, among others.
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Market
Segmentation:
By applications, the global in vivo imaging
market has been segmented into nuclear
imaging, optical imaging, and others.
By techniques, the in vivo imaging market is segmented into radioisotopes based,
biomarkers based, luminescent proteins based
technique, and others.
By end users, the global
in vivo imaging market has been segmented into hospitals & clinics, imaging
centers, research organizations, and others.
Regional
Analysis:
By region, the global in vivo imaging
market has been segmented into North
America, Europe, Asia, and, Middle East & Africa. North America has
witnessed millions of deaths in the last decade due to cancer which has necessitated
the adoption of in vivo imaging market in the region. Its penchant for latest
technology has catalyzed the developments in the healthcare sector which is fueling the market for in vivo imaging. Europe region is also burdened by the rising incidences of cancer which is the key factor complementing the market expansion.
Furthermore, the increasing healthcare
expenditure and rising awareness about
fatal diseases will catapult the growth rate of the market.
Asia market will
grow at a steady CAGR throughout the assessment period. The growth in this region can be attributed to the
initiatives undertaken by governments and established corporate houses for
revenue creation from medical tourism. Other factors responsible for the catalyzed
market expansion of the region are increased
disposable income, a bullish trend
witnessed in the healthcare sector, increasing count of patients, etc.
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Analysis at:
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Competitive
Dashboard:
The cohesive growth strategies employed by
the key players depict the robust competition in the market responsible for the
growth and expansion. The top-notch players profiled by MRFR in its report
include Bruker, MILabs B.V., FUJIFILM VisualSonics Inc., Mediso Ltd., LI-COR,
Inc., Aspect Imaging., TRIFOIL IMAGING,
MR Solutions, Biospace Lab S.A., and, New England Biolabs among others. The
tactical gambits of these players for strengthening market foothold and gaining
prominence include clinical trials, increased investments, technological
advancements, product diversification, business expansion, etc.
Industry
Developments:
In March 2018, Luxendo, a Bruker company,
announced the extension of the InVi SPIM microscope to include full incubation
capabilities, detection optics, and, flexible
illumination using its proprietary single-plane illumination microscopy (SPIM)
technology. The technology creates an optimized platform for ‘pure life imaging’.
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