Imaging CRO Market, By Services Offered (Image Collection & Quality Control, Imaging Acquisition & Protocol Development, Digital Image Conversion, Application Design, Support & Maintenance, and Others), By Imaging Modality (Magnetic Resonance Imaging, Computed Tomography Scan, Positron Emission Tomography, and Others), By Application (Oncology, Cardiovascular, Neurology, Ophthalmology, and Others), By End-Users (Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Medical Device Manufacturers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI517223 | Publish Date: March 2024 | No. of Pages: 173

Imaging CRO Market Overview

Imaging CRO market was valued at US$ 5.6 Billion in 2024 and is projected to grow at a CAGR of 7.20% to reach US$ 11.1 Billion by 2034.

[PDF] The Imaging CRO Market (Contract Research Organization) has become a major asset to clinical trial team because medical imaging is becoming primary & surrogate end-points in clinical trials. WORLDCARE CLINICAL, IXICO plc., ICON plc., WuXi AppTec, Labcorp, The Micron Group are some of the largest imaging CROs.

Imaging CRO Market Dynamics

Growing Complexity of Clinical Trials to fuel market growth

In today’s digital world, modern clinical trials require advanced imaging techniques such as computed tomography, magnetic resonance imaging and positron emission tomography where, Imaging CROs offer the necessary services with expertise and well-advanced infrastructure for complex imaging requirements.    

For instance, according to ACRP (Association of Clinical Research Professionals), the clinical trial complexity levels has shown unrelenting increase due to larger global scope, use of more sophisticated scientific designs, and increased focus on highly targeted patient populations have intensified major challenges in executing those trials.

Cost and Time Efficiency to Fuel Market Growth

Many startups and emerging pharmaceutical companies do not have well-advanced infrastructure and thus, outsourcing provides them more time-efficient and cost-effective imaging services as compared to in-house imaging capabilities.

Restrains:

However, logistical & supply chain challenges and massive installation costs has hampered the demand for Imaging CRO Market growth.

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Imaging CRO Market Segmentation

Imaging CRO Market Segmentation:

Imaging CRO Market is segmented based on Services Offered, Imaging Modality, Application, End-Users and Region.

Services Offered Insight

On the basis of Services Offered, Imaging CRO Market is segmented into Image Collection & Quality Control, Imaging Acquisition & Protocol Development, Digital Image Conversion, Application Design, Support & Maintenance, and Others.

Imaging Modality Insight

On the basis of Imaging Modality, Imaging CRO Market is segmented into Magnetic Resonance Imaging, Computed Tomography Scan, Positron Emission Tomography, and Others.

Application Insight

On the basis of Application, Imaging CRO Market is segmented into Oncology, Cardiovascular, Neurology, Ophthalmology, and Others.

End-Users Insights

On the basis of End-Users, Imaging CRO Market is segmented into Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Medical Device Manufacturers, and Others.

Imaging CRO Market Regional Insights:

On region the Imaging CRO Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising prevalence of chronic diseases, continuous technological development, increased number of clinical trials, and strong presence of major players.

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Recent Development:

              Strategic Acquisitions and Partnership News,

  • In September 2021, WorldCare Clinical (WCC), a worldwide imaging core lab and leader in medical imaging & event adjudication solutions for clinical trials, acquired DARC (Digital Angiography Reading Center), the world’s premier ophthalmology imaging core lab.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Services Offered - Image Collection & Quality Control, Imaging Acquisition & Protocol Development, Digital Image Conversion, Application Design, Support & Maintenance, and Others

By Imaging Modality - Magnetic Resonance Imaging, Computed Tomography Scan, Positron Emission Tomography, and Others

By Application - Oncology, Cardiovascular, Neurology, Ophthalmology, and Others

By End-Users - Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Medical Device Manufacturers, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034

Imaging CRO Market Key Players

The key players operating the Imaging CRO Market includes, Parexel International Corporation, IXICO Plc., WorldCare Clinical, Radiant Sage LLC., Labcorp Drug Development, WuXi AppTec, The Micron Group, Imaging Endpoints, Medspace Holdings Inc., Biomedical Systems Corporation and Others.

Imaging CRO Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Services Offered
      • Market Snippet, By Imaging Modality
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Services Offered, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Image Collection & Quality Control
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Imaging Acquisition & Protocol Development
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Digital Image Conversion
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Application Design
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Support & Maintenance
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Imaging Modality, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Magnetic Resonance Imaging
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Computed Tomography Scan
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Positron Emission Tomography
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Oncology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Cardiovascular
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Neurology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Ophthalmology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  2. Market Segmentation, By End-Users, Forecast Period up to 10 Years, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Pharmaceutical & Biotechnology Companies
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Academic & Research Institutions
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Medical Device Manufacturers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  3. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Services Offered, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Imaging Modality, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Services Offered, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Imaging Modality, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Services Offered, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Imaging Modality, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Services Offered, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Imaging Modality, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Year
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Services Offered, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Imaging Modality, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Parexel International Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IXICO Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • WorldCare Clinical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Radiant Sage LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Labcorp Drug Development
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • WuXi AppTec
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Micron Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Imaging Endpoints
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medspace Holdings Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biomedical Systems Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Imaging CRO Market is segmented into Services Offered, Imaging Modality, Application, End-Users and Region.

By region, the Imaging CRO Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Imaging CRO Market includes, Parexel International Corporation, IXICO Plc., WorldCare Clinical, Radiant Sage LLC., Labcorp Drug Development, WuXi AppTec, The Micron Group, Imaging Endpoints, Medspace Holdings Inc., Biomedical Systems Corporation and Others.

Imaging CRO market was valued at US$ 5.6 Billion in 2024 and is projected to grow at a CAGR of 7.20% to reach US$ 11.1 Billion by 2034.