Clinical trial imaging is used to create images of the human body for clinical purposes to reveal, diagnose, or examine diseases. Imaging testing is mainly done using X-rays, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), and echocardiography (ECHO). In clinical trial, imaging is used primarily to evaluate efficacy end-points and more frequently, for safety evaluations and/or eligibility criteria. Growth in Clinical Trials Imaging market will largely be driven by the increase in R&D spending and growth in the pharmaceutical and biotechnology industries and the increasing number of contract research organizations.
Breakdown of Clinical Trials Imaging Market
Based on the modality, the market is segmented into CT, MRI, PET, ultrasound, ECHO, x-ray, and other modalities (such as magnetic resonance elastography (MRE) and dual-energy X-ray absorptiometry (DXA)). The positron emission tomography (PET) segment is expected to grow at the highest CAGR during the forecast period. Growth in this segment can be attributed to the increasing usage of PET in clinical trials for screening various organs to obtain information about the function and metabolism.
However, high competition among major players, which acts as an entry barrier for new entrants, and high implementation costs of imaging systems are restraining the growth of this market.
Clinical Trials Imaging Market by Region
The key players in the global clinical trials imaging market are BioClinica, Inc. (U.S.), Biomedical Systems (U.S.), Cardiovascular Imaging Technologies (U.S.), ICON Public Limited Company (Ireland), Intrinsic Imaging, LLC (U.S.), IXICO, PLC (U.K.), PAREXEL International Corporation (U.S.), Radiant Sage, LLC (U.S.), BioTelemetric, Inc. (U.S.), and World Care Clinical, LLC (U.S.). These players focus on inorganic and organic strategies such as agreements, collaborations, and partnerships, expansions, acquisitions to sustain their growth in the global market.
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