Global Bio-imaging Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Chronic Diseases
Bio-imaging Market |
Bio-imaging, also known as medical imaging, refers to technologies that are used to visualize parts of the body, assist in clinical diagnoses and guide patient management. It involves capturing images of the inside of the body for clinical analysis and medical intervention, with technologies including X-ray, MRI, ultrasound and PET scanning. Bio-imaging finds applications in various clinical specialties including cardiology, oncology, neurology and obstetrics.
It helps detect and diagnose medical conditions at an
early stage, enable non-invasive surgery with image guidance and allow timely
monitoring of treatment responses. The growing geriatric population, rising
cases of cancer and cardiovascular diseases and increasing awareness regarding
benefits of early disease diagnosis are fueling demand for bio-imaging
technologies globally.
The Global
bio-imaging Market is estimated to be valued at US$ 5.74 BN in 2024 and is
expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Bio-imaging Market are Bracco Imaging
S.P.A, Bayer HealthCare Pharmaceuticals, Esaote S.p.A, Digirad Corporation,
FONAR Corporation, GE Healthcare, Hologic Inc., Hitachi Medical Corporation,
Lantheus Medical Imaging, Inc., Covidien Pharmaceuticals, Mindray Medical
International Limited., Gamma Medica Inc., Samsung Medison Co., Ltd., and
Philips Healthcare. These players are focusing on new product launches, mergers
and acquisitions to expand their global footprint.
There is immense potential for bio-imaging
technologies for various applications such as neurology, cardiology and
oncology. With the growing prevalence of chronic diseases, the demand for
non-invasive and high-resolution bio-imaging modalities is increasing.
Advancements in bio-imaging including PET tracers, MRI contrast agents and
ultrasound probes offer opportunities for early disease identification.
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