Overview and Scope
Medical imaging reagents refer to the substances that are used by medical practitioners and researchers to enhance the visibility of the structures and organs to identify new development and diagnose or treat diseases. It is used to visualize structures or organs, allowing clinicians to better diagnose and identify diseases.
Sizing and Forecast
The medical imaging reagents market size has grown strongly in recent years. It will grow from $14.06 billion in 2023 to $15.13 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing prevalence of diseases, growing aging population, expanding applications, regulatory approvals, strategic collaborations and partnerships.
The medical imaging reagents market size is expected to see strong growth in the next few years. It will grow to $19.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to personalized medicine, increasing focus on early disease detection, rising global burden of chronic diseases, expanding point-of-care imaging, integration of theranostics. Major trends in the forecast period include technological advancements, increasing prevalence of chronic diseases, diagnostic imaging in personalized medicine, emerging markets and global expansion, partnerships and collaborations.
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Segmentation & Regional Insights
The medical imaging reagents market covered in this report is segmented –
1) By Class: Contrast Reagents, Optical Reagents, Nuclear Reagents
2) By Technology: Nanoparticles, Fluorescent Dyes, Probes Radiopharmaceuticals, Fluorescent Proteins, Quantum Dots
3) By Modality: X-ray, CT Scan, Ultrasound, MRI Scan
4) By Application: Neurological Disorder, Cardiovascular Disorder, Cancer, Gastrointestinal Disorder, Musculoskeletal Disorder, Nephrological Disorder, Other Applications
5) By End User: Biotechnology Companies, Pharmaceutical Companies, Diagnostic Labs
North America was the largest region in the medical imaging reagents market in 2023. The regions covered in the medical imaging reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the prevalence of chronic diseases is expected to propel the growth of the medical imaging reagents market going forward. Chronic diseases refer to conditions that last one year or longer and require continuous medical attention, which may worsen over time. Chronic diseases require medical imaging reagents to diagnose and detect diseases by visualizing organs and affected structures. For instance, in 2022, according to the American Cancer Society, a US-based voluntary organization, the number of new cancer cases and fatalities expected was estimated to be 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States. Furthermore, in December 2021, according to the IDF Diabetes Atlas Tenth Edition 2021 report published by the International Diabetes Federation, a Belgium-based umbrella organization of national diabetes associations, 537 million persons (20–79 years old) were estimated to have diabetes in 2021. By 2030, there will be 643 million diabetics worldwide, and by 2045, there will be 783 million. The increase in the prevalence of chronic diseases is driving the growth of the medical imaging reagents market.
Key Industry Players
Major companies operating in the medical imaging reagents market are focusing on developing innovative products such as cell painting kit to drive revenues in their market. The kit includes pre-optimized, verified fluorescent probes and a corresponding diluent to expedite the cell painting workflow with great batch-to-batch repeatability and validation for use on high-content screening systems. For instance, in February 2021, PerkinElmer Inc. a US-based corporation that focuses on providing products and services in the fields of diagnostics, life sciences, and applied services launched the first cell painting kit. The kit’s carefully chosen and calibrated reagents are intended to make the process of painting cells for research scientists easier. Fluorescent organelle staining probes and dye-labeled secondary antibodies are included in the PhenoVue cellular imaging reagent collection to speed up assay development for high-content screening applications for clients. The system studies the effects of perturbagens (such as chemicals, medications, or genes) on the behavior of cells by fusing cell and computational biology to create cell painting. The PhenoVue cellular imaging reagent line is enhanced by the first cell painting kit, which provides researchers with a comprehensive range of high-content screening items and professional services.
The medical imaging reagents market report table of contents includes:
1. Executive Summary
2. Medical Imaging Reagents Market Characteristics
3. Medical Imaging Reagents Market Trends And Strategies
4. Medical Imaging Reagents Market – Macro Economic Scenario
5. Global Medical Imaging Reagents Market Size and Growth
…..
31. Global Medical Imaging Reagents Market Competitive Benchmarking
32. Global Medical Imaging Reagents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Medical Imaging Reagents Market
34. Medical Imaging Reagents Market Future Outlook and Potential Analysis
35. Appendix
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