Bio-imaging technology market is expected to grow at a considerable rate during the forecast period 2019-2025. Bio-imaging refers to a non-invasive procedure that visualizes biological processes in real-time. These technologies enable the diagnosis of the disease such as cancer and provide a database of physiology and anatomy for future study. The global bio-imaging technology market is influenced by the rising geriatric population across the globe coupled with the increasing prevalence of chronic diseases such as cancer. According to the United Nations report, the number of older people aged over 60 years was estimated to be 962 million in 2017 and is further expected to reach 2.1 billion in 2050 across the globe. Moreover, the urgent need for diagnosis for critical diseases, and a rising number of diagnostic centers contributing to the growth of the market. However, the high cost of imaging devices is hindering market growth. Additionally, technology advancement in imaging techniques such as 3D imaging creates a future opportunity for the global bio-imaging technologies market.

The global bio-imaging technology market is segmented on the basis of the type as medical imaging and molecular imaging. Medical bio-imaging technology is further segmented into MRI (Magnetic Resonance imaging) PET-CT, ultrasound, radiological imaging, and optical imaging. Whereas, the molecular bio-imaging includes nano bio-imaging, biomarkers, and molecular probes. The medical bio-imaging is anticipated to be the significant market in the global bio-imaging technology market due to the various application in the diagnosis of various cancer such as breast cancer, lung cancer, and others.

Based on geography, the global bio-imaging technology market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to hold a significant market share in the global bio-imaging technology market due to the rising number of diagnostic center and hospitals based on bio-imaging. Moreover, Asia-Pacific has a significant growth rate due to the increasing healthcare infrastructure and growing medical tourism.

In addition, the global bio-imaging influence by the presence of key market players including Canon Medical Systems Corp., Bayer AG, FUJIFILM SonoSite, Inc., Koninklijke Philips N.V., Shimadzu Corp. and others. These market players adopt various market strategies such as merger & acquisitions, product launch, collaborations, partnerships, and others to obtain significant market share. For instance, in January 2019, Shimadzu Corp. acquired Core Medical Imaging, Inc., to enlarge its healthcare business in the US.

Research Methodology:

The market study of the bio-imaging technology market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authenticate databases such as National Institute of Health, American Cancer Society, and others.
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended to biotechnology companies, bio-imaging device manufacturers, diagnostic center and research institutes for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, market opportunities, and different products. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Bio-imaging technology market Research and Analysis, By Type

The Report Covers:

• Comprehensive research methodology of the global bio-imaging technologies market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global bio-imaging technologies market.
• Insights about market determinants which are stimulating the global bio-imaging technologies market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.