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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Clinical Trial Imaging Market Outlook:
The global clinical trial imaging market size was valued at USD 1.40 billion in 2023, driven by the increasing number of clinical trials organized in different therapeutic areas across the globe. The market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to achieve a value of USD 2.82 billion by 2032.
Clinical Trial Imaging: Introduction
Clinical trial imaging is known as the use of imaging techniques in clinical setting to explore, evaluate the efficacy, safety, of the drugs, devices, or interventions that are being analyzed or undergoing research for trials. Imaging modalities like magnetic resonance Imaging MRI, computerized tomography CT, positron emission tomography PET are often used to visualize, analyze, anatomical structures, physiological functions, and disease related changes within the human body.
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Key Trends in Clinical Trial Imaging Market
There are several key trends running in the market and some of them include the rising demand for clinical imaging to provide more accurate results and analysis of symptoms and structural issues. Quantitative imaging biomarkers are being emphasized for use due to this reason. Additionally, the integration of artificial intelligence, different approaches for multi-modality imaging, and increasing advancement and development in imaging technology is also a key trend in the market. Some other key trends in the market involves better data management and analysis, virtual imaging and trials, regulatory requirements and standardizations, along with increasing utilization of advanced imaging technology.
Clinical Trial Imaging Market Segmentations
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Market Breakup by Products and Services
- Services
- Software
Market Breakup by Application
- Trial Design Consulting Services
- Read Analysis Services
- Operational Imaging Services
- Imaging Software
Market Breakup by Modality
- Magnetic Resonance Imaging
- Computed Tomography
- Ultrasound
- Positron Emission Tomography
- X-Ray
- Echocardiography
- Other Modalities
Market Breakup by End User
- Pharmaceutical and Biotechnology Companies
- Medical Device Manufacturers
- Academic and Government Research Institutes
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Clinical Trial Imaging Market Scenario
The market for clinical trial imaging has been witnessing evident growth and is expected to grow steadily in coming years as well. The market for clinical trial imaging is driven by the increasing demand for correct and reliable imaging data for medical research.
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There are several factors responsible for market growth due to which the market is driven by, and they involve the increasing number of clinical trials organized in different therapeutic areas, including oncology, neurology, and cardiovascular diseases, among others. Due to the rising demand for personalized medicine and precision therapies, market is witnessing growth as it requires imaging biomarkers to perform the imaging process.
The market is also influenced by technological advancements enabling researchers to make more informed decisions. The market for clinical trial imaging is witnessing growth globally, and North America and Europe are dominating the market due to the presence of well-established research infrastructure, a large number of clinical trials.
Clinical Trial Imaging Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Navitas Life Sciences
- BioTelemetry
- ICON PLC
- IXICO plc.
- Image Core Lab
- anagram 4 clinical trials
- Quotient Sciences
- WORLDCARE CLINICAL
- Paraxel International Corporation
- Median Technologies
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Products and Services |
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| Breakup by Application |
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| Breakup by Modality |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 1.40 billion in 2023, driven by the rising demand for clinical imaging to provide more accurate results.
The market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 and reach a market value of USD 2.82 billion by 2032.
The increasing number of clinical trials organized in different therapeutic areas are the key drivers for the market.
The rising demand for clinical imaging to provide more accurate results are major key trends in the market.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America has been leading the global market.
The products and services in the market include services and software.
The clinical trial imaging finds wide applications in trial design consulting services, read analysis services, operational imaging services, and imaging software.
The modalities in the market include magnetic resonance imaging, computed tomography, ultrasound, positron emission tomography, X-ray, echocardiography, among other modalities.
The end-users in the market can be categorised into pharmaceutical and biotechnology companies, medical device manufacturers, academic and government research institutes.
Key players involved in the market are Navitas Life Sciences, BioTelemetry, ICON PLC, IXICO plc., Image Core Lab, anagram 4 clinical trials, Quotient Sciences, WORLDCARE CLINICAL, Paraxel International Corporation, and Median Technologies.
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