Clinical Trial Imaging Market Leading Player 2022-28

 The global clinical trial imaging market size was valued at USD 944.40 billion in 2021 and is estimated to reach 1536.45 billion by 2028, at a CAGR of 7.2% during the forecast period 2022 to 2028.  Clinical trials are an essential component of drug development. Clinical trial costs, on the other hand, have risen in recent years. As a result, clinical trial imaging is gaining traction as a cost-cutting tool that can assist shorten the time it takes to complete a drug trial. In the clinical development of new life science products, medical imaging plays an important role. Despite the fact that the medical imaging sector is always changing, the pharmaceutical and biotechnology industries continue to grow. This can be ascribed to increased investment in medical imaging companies, as well as mergers & acquisitions, as well as the use of cutting-edge imaging technology to assist medical device clinical trials. Clinical trial imaging data collection, interpretation, and submission are all improving because to technological advancements. Clinical trials benefit from technology-enabled imaging, particularly image analysis software, since it improves data accuracy, consistency, adaptation, and compliance. Image analysis software, for example, is used to manage and direct a reader through the study of imaging time points.

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Increases in the pharmaceutical and biotechnology industries, as well as the number of contract manufacturing/contract research companies and overall increases in research and development spending, are propelling the global clinical trial imaging market forward. Furthermore, the market is being fueled by the rising frequency of chronic diseases, the portability and compactness of equipment, and the increase in the elderly population. On the other hand, the market's increase is anticipated to be hampered by the high cost of installing these systems and the high expense of clinical studies. Moreover, rising demand for multimodal imaging systems, as well as the potential growth of emerging economies, are expected to propel the market forward throughout the projection period.

The global clinical trial imaging market segmentation:

 1) By Product & Services: Software and Services.

2) By Modality: Computed Tomography, Magnetic Resonance Imaging, Ultrasound, Positron Emission Tomography, X-Ray, Echocardiography and Other Modalities.

3) By End-User: Pharmaceutical Companies, Biotechnology Companies, Medical Device Manufacturers, Contract Research Organizations, Academic and Government Research Institutes and Other End-Users.

During the projected period, Asia Pacific is expected to grow at the fastest rate. The regional market is growing due to the rising frequency of chronic diseases and the growing demand for better diagnostic instruments. Aside from that, the market is expected to increase because to the rising need for specialized and high-quality healthcare facilities to improve patient lives.

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There are some major players working in clinical trial imaging market, which include Bioclinica, Inc., Biomedical Systems Corporation, Biotelemetry, Inc., Cardiovascular Imaging Technologies, LLC, Icon PLC, Intrinsic Imaging LLC

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