GLOBAL BIO-IMAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Global Bio-imaging Market, By Imaging Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Position Emission Tomography (PET), Ultrasound , X-ray, Others), By End User (Hospitals & diagnostic centers, Academic & research institutes, Pharmaceutical & biotech companies, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
North America is expected to be the largest market for bio-imaging during the forecast period, accounting for over 35.7% of the market share in 2023. The North America bio-imaging market is driven by several factors such as increasing demand for non-invasive diagnostic techniques, rising prevalence of chronic and lifestyle diseases, and others.
Asia Pacific market is expected to be the second-largest market for bio-imaging market, accounting for over 25.2% of the market share in 2023. Technology advancement is a key driver propelling the Asia Pacific bio-imaging market. Manufacturers are continually working on developing innovative imaging systems with improved resolution, speed, and diagnostic capabilities. Artificial intelligence (AI) integration with imaging devices is also gaining traction.
Europe market is expected to be the fastest-growing market for bio-imaging market, with a share of 19.0% during the forecast period. Europe bio-imaging market is driven by the opportunities due to ongoing research on nanoparticle-based bio-imaging, growing applications of AI and 3D bio-imaging, expansion in therapeutic applications, and untapped potential in certain European countries.
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa