Global Biologic Imaging Reagents Market is valued approximately at USD 14.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2020-2027. Biologic imaging reagents have a prominent role in the field of life science and other healthcare industries. Biologic imaging reagents are a type of substance used by medical practitioners or researchers to conduct research-based exercises or diagnostic methods. These reagents provide considerable assistance in the exposure of biological procedures at a molecular level. Further, these imaging reagents also support physicians and medical practitioners in getting diagnostic information for the treatment and detection of chronic diseases, particularly in the field of neurology, cardiovascular, and oncology. As a result, the growing prevalence of chronic disorders such as neurological and cardiovascular diseases in the developed & developing countries, along with the growing demand for medical imaging systems, such as MRI and X-ray devices are few other factors responsible for the market growth over the forecast period. As per the World Health Organization, cardiovascular disease is one of the leading causes of death, globally. According to the American Heart Association (AHA), the occurred death due to cardiovascular diseases was estimated at 17.6 million in 2016, and a number is projected to grow to almost 23.6 million by the year 2030. Also, as per the Center for Disease Control and Prevention (CDC), nearly 610,000 died every year in the United States due to heart diseases. This is likely to promote the demand for Biologic Imaging Reagents thereby; the market would grow significantly in the forecasting year. However, the high cost related to the implementation of predictive analysis is one of the major factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Biologic Imaging Reagents market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing per capita healthcare expenditure, along with the presence of well-developed healthcare infrastructure in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising prevalence of chronic diseases and improving healthcare infrastructure in developing nations, such as China and India, would create lucrative growth prospects for the Biologic Imaging Reagents market across the Asia-Pacific region.
Major market player included in this report are:
Thermo Fisher Scientific, Inc.
Beckman Coulter, Inc.
Koninklijke Philips N.V.
Siemens Healthcare Pvt. Ltd.
Bracco Diagnostic Inc.
BIOPRO Baden-W?rttemberg GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Optical Imaging Reagents
Research and Development
Drug Discovery and Development
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Biologic Imaging Reagents Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers