Global Optical Preclinical Imaging Devices Market Trends and Competition: Market Scale is Prospected to Increase to $694.23 Million by 2029

Global Optical Preclinical Imaging Devices Market Overview

According to Global Market Monitor, the global optical preclinical imaging devices market size is $453.09 million in 2024 and is expected to grow to $694.23 million by 2029.

Optical preclinical imaging devices have high sensitivity comparable to that of positron emission tomography (PET), and at the same time, they are less invasive, compared with PET/single photon emission computed tomography (SPECT), they have no ionizing radiation. The planar screening mode of optical preclinical imaging devices has a high throughput for samples. Choosing an appropriate optical imaging method can solve some basic problems in two-dimensional plane angles in a more economical, fast, and efficient way, such as qualitative analysis and rough position determination. Optical preclinical imaging devices are rapidly developing in drug development and medical diagnosis due to their high resolution, convenient operation, few restrictive application conditions, non-radiation, and low price.

Market Competition

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies. The market determines the improvement of products, and manufacturers use near-infrared (NIR) fluorescence for excitation and acquisition, providing higher background contrast and higher signal. The signal is excited by a light source with a specific wavelength, and its intensity is independent of time. At the same time, the signal acquisition technology (equipment) is innovative, and the tomographic scan is carried out in the range of 360 to obtain the depth information of the fluorescence signal. In the optical preclinical imaging devices market, manufacturers from the United States and Europe are the main leaders in the international market of optical preclinical imaging devices. The quality of its optical preclinical imaging devices has a good reputation in the market, forming brand influence.

Global Optical Preclinical Imaging Devices Market Size

Population Aging Drivers the Development of Optical Preclinical Imaging Devices.

The increasing population, the increasing R&D activities in life sciences, and the increasing application of optical imaging technology in drug discovery and preclinical research are driving the growth of the optical preclinical imaging devices market. According to the World Population Prospects 2022, the population above the age of 65 years is growing more rapidly than the population below that age and the proportion of people aged 65 years and above is increasing at a faster rate than those below that age. This means that the percentage of the global population aged 65 and above is expected to rise from 10% in 2022 to 16% in 2050. It is projected that by 2050, the number of individuals aged 65 years or above across the world will be twice the number of children under age 5 and almost equivalent to the number of children under 12 years.By 2050, in Europe and North America, 1 in 4 people will be aged 65 or above. Under the influence of the aging population, the increasing number of patients with chronic diseases makes the medical burden caused by such diseases continue to increase. The growth of demand and the support of national policies for innovative drug research and development promote the development of the drug development industry. Optical preclinical imaging devices are widely used for the visualization of living animals in drug development. The increase of R&D activities in the field of life science drives the growth of the optical preclinical imaging devices market.

Drivers

Continuous innovation

Product advantage

Drug R&D market growth

Challenges  

Fluctuations in raw material prices

Optical preclinical imaging devices shortcomings

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