(EMAILWIRE.COM, December 19, 2018 ) Over the last few years, the small animal imaging market witnessed significant advancements in terms of the product development and commercialization (such as multi-modality imaging systems, trimodality imaging systems, and magnetic particle imaging systems).

Technological advancements in the field of molecular imaging, increasing market demand for non-invasive small animal imaging techniques, growing number of public-private initiatives and funding to support preclinical researches, and development of low cost & affordable preclinical imaging systems are some of the major driving factors for the global small animal imaging market.

As of 2016, developing Asia-Pacific countries such as China and India are emerging as new revenue-generating destinations for prominent market players.

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Continuous government support for pharmaceutical and biotechnology R&D, increasing public-private investments to support radioisotope production, rising number of translational research activities, and evolving regulatory scenario across major Asian countries are expected to offer high growth opportunities for market players in the Asia-Pacific region.
The magnetic particle imaging offers high growth opportunities for market players in the small animal imaging systems market.

Growth in the magnetic particle imaging segment can primarily be attributed to increasing adoption of technologically advanced magnetic imaging systems in life science research studies owing to the advantages offered by it. The magnetic particle imaging technology provides high quality deep tissue imaging with no diminution of signal with depth, and imaging of blood circulation system and vascular system of animal body. Companies such as Bruker Corporation (U.S.) and Magnetic Insights (U.S.) have been focusing towards this high-growth market to gain more profits and increase their shares in the small animal imaging market in the coming years.

The key players in the small animal imaging market focus on various strategies such as new product launches; geographic expansions; partnerships, agreements, and collaborations; and acquisitions in order to increase their market shares in the global small animal imaging market. Product development and commercialization was the key strategy adopted by leading industry players to achieve optimal revenue growth in the small animal imaging market.

PerkinElmer, Inc. (U.S.), Bruker Corporation (U.S.), Mediso Ltd. (Hungary), MILabs B.V. (Netherlands), MR Solutions Ltd. (U.K.), and Aspect Imaging Ltd. (Israel) were major players that adopted this strategy for their market growth during 2013-2016. Additionally, geographic expansion was the second most favored growth strategy among prominent product manufacturers; that helped OEMs to strengthen their market presence, enhance their R&D capabilities, and generate additional demand by sensitizing end users about benefits offered by molecular imaging during in-vivo preclinical imaging studies.

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