Selbyville, Delaware, Feb. 18, 2021 (GLOBE NEWSWIRE) -- As cited by credible industry analysts, global clinical image trial imaging market was worth USD 939.6 billion in the year 2019 and to reach USD 1578.6 billion to grow at a CAGR of 6.7% over the stipulated period of 2020-2027.
The unforeseen emergence of the Covid-19 pandemic has restricted the global economy, confining revenue generation as well as business development due to disturbance in the overall supply chain. The business intelligence report aims to respond to all the queries of the client through its holistic analysis, while parallelly suggesting robust business strategies for industry moguls to endure the fluctuations in supply & demand.
The report states that ongoing technological advancements in the business vertical, coupled with significant improvements in the collection, evaluation, and submission of clinical trial imaging data are augmenting the expansion of the overall market.
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For the record, clinical trial imaging systems are utilized by biotechnology and pharmaceutical establishments to gain insights on drug MOA (mechanism of action) as well as drug effects for efficient decision-making by researchers.
Beneficial attributes such as adaptability, data accuracy, consistency, and compliance to clinical studies, along with increasing establishment of biotechnology and pharmaceutical organizations are stimulating the global clinical image trial imaging market outlook.
Additionally, strategic alliances by research institutions as well as other industry partakers, innovative product launches, rising disposable income, and escalating investments towards research & development activities are positively swaying the market dynamics. However, high costs associated with the implementation of imaging systems is a major growth impeding factor.
Outlining market segmentations
Based on products & services terrain, worldwide clinical trial imaging industry is split into software, and services. With regards to modality, the market is segmented into echocardiography, X-ray, ultrasound, positron emission tomography, magnetic resonance imaging, and computed tomography among others.
The end-user landscape of the market comprises of research & academic institutions, ambulatory surgical centers, specialty clinics, hospitals, and others.
Regional outlook
As per the geographic analysis done by experts, North America presently dominates the industry vertical, on account of growing investments towards R&D activities, along with high concentration of prominent outsourcing companies in the region.
On the other hand, Asia-Pacific clinical trial imaging market is also anticipated to amass substantial revenue, exhibiting the highest year-on-year growth rate over 2020-2027.
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Competitive dashboard
Companies which boast of a commanding status in global clinical image trial imaging market include Parexel International Corporation, BioClinica Inc., Biomedical Systems Corporation, ICON plc, Cardiovascular Imaging Technologies LLC, BioTelemetry Inc., IXICO plc, Intrinsic Imaging LLC, WorldCare Clinical LLC, and Radiant Sage LLC among others.
Global Clinical Trial Imaging Market by Product & Services Type (Revenue, USD Billion, 2017-2027)
- Services
- Software
Global Clinical Trial Imaging Market by Modality Type (Revenue, USD Billion, 2017-2027)
- Echocardiography
- X-Ray
- Ultrasound
- Positron Emission Tomography
- Magnetic Resonance Imaging
- Computed Tomography
- Others
Global Clinical Trial Imaging Market by End-User Terrain (Revenue, USD Billion, 2017-2027)
- Research & Academic Institutions
- Ambulatory Surgical Centers
- Specialty Clinics
- Hospitals
- Others
Global Clinical Trial Imaging Market Regional Outlook (Revenue, USD Billion, 2017-2027)
North America
- Canada
- U.S.
Europe
- Italy
- Spain
- Germany
- France
- United Kingdom
- Rest of Europe
Asia-Pacific
- Australia
- India
- South Korea
- China
- Japan
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the world
Global Clinical Trial Imaging Market Competitive Landscape (Revenue, USD Billion, 2017-2027)
- Parexel International Corporation
- Bioclinica Inc.
- Biomedical Systems Corporation
- ICON plc
- Cardiovascular Imaging Technologies LLC
- BioTelemetry Inc.
- IXICO plc
- Intrinsic Imaging LLC
- WorldCare Clinical LLC
- Radiant Sage LLC
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Clinical Trial Imaging Market, by Region, 2018-2027 (USD Billion)
1.2.2. Clinical Trial Imaging Market, by Product & Services, 2018-2027 (USD Billion)
1.2.3. Clinical Trial Imaging Market, by Modality, 2018-2027 (USD Billion)
1.2.4. Clinical Trial Imaging Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Clinical Trial Imaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Clinical Trial Imaging Market Dynamics
3.1. Clinical Trial Imaging Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Clinical Trial Imaging Market: Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Clinical Trial Imaging Market, by Product & Services
5.1. Market Snapshot
5.2. Global Clinical Trial Imaging Market by Product & Services, Performance - Potential Analysis
5.3. Global Clinical Trial Imaging Market Estimates & Forecasts by Product & Services 2017-2027 (USD Billion)
5.4. Clinical Trial Imaging Market, Sub Segment Analysis
5.4.1. Services
5.4.2. Software
Chapter 6. Global Clinical Trial Imaging Market, by Modality
6.1. Market Snapshot
6.2. Global Clinical Trial Imaging Market by Modality, Performance - Potential Analysis
6.3. Global Clinical Trial Imaging Market Estimates & Forecasts by Modality 2017-2027 (USD Billion)
6.4. Clinical Trial Imaging Market, Sub Segment Analysis
6.4.1. Computed Tomography
6.4.2. Magnetic Resonance Imaging
6.4.3. Positron Emission Tomography
6.4.4. Ultrasound
6.4.5. X-Ray
6.4.6. Echocardiography
Chapter 7. Global Clinical Trial Imaging Market, by End-User
7.1. Market Snapshot
7.2. Global Clinical Trial Imaging Market by End-User, Performance - Potential Analysis
7.3. Global Clinical Trial Imaging Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Clinical Trial Imaging Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Specialty Clinics
7.4.3. Ambulatory Surgical Centers
7.4.4. Research & Academic Institutions
Chapter 8. Global Clinical Trial Imaging Market, Regional Analysis
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