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Clinical Trial Imaging Market Analysis

  • Report ID: GMI7394
  • Published Date: Nov 2023
  • Report Format: PDF

Clinical Trial Imaging Market Analysis

 Clinical Trial Imaging Market Size, By Service, 2021 - 2032 (USD Billion)

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Based on service, the market is segmented into clinical trial design and consultation services, reading and analytical services, operational imaging, system & technology support services and project and data management. The project & data management services held the largest market share at 32.8% in 2022.
 

  • Clinical trials involving imaging demand comprehensive data management and workflow coordination. These services comprise operational efficiency, designing trial workflows, tracking projects, digital images, overseeing regulations, offering real-time updates, data management, and resolving issues.
     
  • Additionally, constant support from government bodies such as the U.S. government has authorized a cloud-based server to safeguard all medical imaging records, including annotated and base images, and ensure report security against natural disasters, enabling swift and effortless retrieval.

     
Clinical Trial Imaging Market Share, By Imaging Technique (2022)

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Based on imaging techniques, the global clinical trial imaging market is classified into magnetic resonance imaging (MRI), computed tomography (CT) scan, ultrasound, positron emission tomography (PET), echocardiography (ECG), X-ray and other imaging techniques. The magnetic resonance imaging (MRI) segment is expected to reach USD 649.7 million by the end of 2032.
 

  • In clinical trials, MRI is frequently used to visualize the effects of investigational drugs, medical devices, or therapeutic interventions on the anatomical and physiological aspects of the human body. It can help researchers and clinicians track changes in tumor size, assess the impact of treatment regimens, and monitor safety concerns.
     
  • Moreover, MRI's non-invasive nature is advantageous as it avoids exposing patients to harmful radiation, making it a safe option for longitudinal studies.
     

Based on therapeutic area, the clinical trial imaging market is segmented into central nervous system, oncology, infectious disease, endocrinology & metabolic disorders, diabetes, musculoskeletal, cardiovascular diseases, respiratory, gastroenterology, non-alcoholic steatohepatitis (NASH) and other therapeutic areas.
 

  • Oncology is a dominant therapeutic area in the clinical imaging industry as it heavily relies on medical imaging for oncology / cancer detection, staging, treatment response assessment, and monitoring. This enable early diagnosis, accurate localization, and the evaluation of treatment outcomes.
     
  • Further, as cancer remains a leading global health concern, the clinical imaging industry continues to focus on developing and advancing imaging techniques and tools to improve cancer diagnosis and management, which contributes to oncology's prominence in the field.
     

Based on the end users, the clinical trial imaging market is segmented into biotechnology & pharmaceutical companies, medical devices manufacturers, contract research organization (CRO), academics & government research institutes, and other end users.

  • CROs offer state-of-the-art services, making them preferred partners for government organizations seeking project outsourcing. For instance, in October 2023, XINGIMAGING, LLC, and MITRO Biotech Co., Ltd., prominent companies in drug development and imaging solutions, have merged to establish a unified entity focused on offering a comprehensive range of CRO & contract development and manufacturing organization (CDMO) services. As a result of this merger, Mitro is expected to enhance its capabilities to offer complete CRO services, encompassing clinical and clinical imaging management, not only in China but also on a global scale.
     
North America Clinical Trial Imaging Market Size, 2020- 2032 (USD Million)

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In 2022, North America held a significant share of 40.3% in the clinical trial imaging market.

  • North America boasts a substantial share of the industry. This prominence is driven by a consistent upward trajectory, owing to the region's growing number of clinical trials, a strong focus on healthcare innovation, and the presence of leading pharmaceutical and biotech companies. These organizations heavily rely on clinical trial imaging for the development and validation of novel drugs and medical technologies.
     
  • The region's well-developed infrastructure for medical research and development continually pushes the boundaries of imaging modalities, software solutions, and data analysis techniques. Researchers and professionals in North America frequently pioneer new imaging methodologies and incorporate cutting-edge technologies into clinical trials.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for clinical trial imaging was around USD 1.1 billion in 2022 and is expected to reach USD 2.4 billion by end of 2032, owing to the increasing demand for novel products to treat chronic disorders.

The magnetic resonance imaging (MRI) segment is expected to reach USD 649.7 million by the end of 2032 as it helps researchers and clinicians track changes in tumor size, assess the impact of treatment regimens, and monitor safety concerns during clinical trials.

North America market share was 40.3% in 2022 and will grow substantially through 2032, owing to the region's growing number of clinical trials, a strong focus on healthcare innovation, and the presence of leading pharmaceutical and biotech companies.

ICON PLC, Medidata, WCG Clinical, Radiant Sage, Biomedical Systems Corporation, Biotelemetry, Inc., Image Core Lab, WCG Clinical, Ixico PLC, Medspace Holdings Inc., Resonance Health Limited Median Technologies, WorldCare Clinical, and Navitas Clinical Research, Inc.

Clinical Trial Imaging Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 290
  • Countries covered: 21
  • Pages: 170
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