North America Imaging CRO Market Size, Share, 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 Country (U.S. and Canada) - Trends, Analysis and Forecast till 2034

Report Code: PMI529624 | Publish Date: June 2024 | No. of Pages: 135

North America Imaging Cro Market Overview

North America Imaging CRO Market Size was valued at 2.66 billion in 2024 and is projected to grow at a CAGR of 7.00% to reach US$ 5.28 billion by 2034

The North American Imaging Contract Research Organization (CRO) market comprises specialized service providers that assist pharmaceutical, biotechnology, and medical device companies with imaging-related research activities. These services play a critical role in the preclinical and clinical phases, offering advanced imaging analysis and data management that enhances the understanding of drug mechanisms and therapeutic efficacy. The market is expanding due to the increasing complexity of clinical trials and the demand for cutting-edge imaging technologies to improve diagnostic and therapeutic outcomes.

North America Imaging Cro Market Dynamics

Key Drivers of Target Market:

Technological Advancements in Imaging

North America leads in technological innovation, particularly in medical imaging. The development and adoption of advanced imaging technologies, such as high-resolution MRI, CT scans, and PET scans, have significantly enhanced the ability to visualize and assess drug efficacy and disease progression. These sophisticated imaging techniques are crucial for generating detailed and accurate data, which is vital for the successful development of new therapeutics.

Growth in Outsourcing of Imaging Services

There is a growing trend among pharmaceutical and biotechnology companies in North America to outsource their imaging needs to CROs. This shift is driven by the high costs and specialized expertise required to conduct advanced imaging studies. Outsourcing allows these companies to access the latest imaging technologies and highly skilled professionals without the substantial investment to maintain these capabilities in-house. This strategy helps streamline R&D activities and enables companies to concentrate on their core competencies.

Restrains:

Stringent Regulatory Environment

The imaging CRO market in North America faces significant challenges due to stringent regulatory requirements imposed by agencies like the FDA. These regulations ensure the safety and accuracy of imaging procedures used in clinical trials, but compliance can be costly and time-consuming. Non-compliance can lead to severe penalties, adding to the operational complexity of CROs. The rigorous regulatory landscape can slow the development and approval processes for new drugs and medical devices, posing a significant challenge for the imaging CRO market.

North America Imaging Cro Market Segmentation

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

North America Imaging CRO Market Report Scope:

Attribute

Details

Market Size 2024

US$ 2.66 billion

Projected Market Size 2034

US$ 5.28 billion

CAGR Growth Rate

7.00%

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 User - Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Medical Device Manufacturers, and Others

Report coverage

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

Segments Covered in the Report:

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study segmented the Imaging CRO Market report based on Services Offered, Imaging Modality, Application, End User and Country:

Segmentation:

By Services Offered:

  • Image Collection & Quality Control
  •  Imaging Acquisition & Protocol Development
  •  Digital Image Conversion
  • Application Design
  • Support & Maintenance
  • Others

By Imaging Modality:

  • Magnetic Resonance Imaging
  • Computed Tomography Scan
  • Positron Emission Tomography
  • Others

By Application:

  • Oncology
  • Cardiovascular
  • Neurology
  • Ophthalmology
  • Others

By End User:

  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutions
  • Medical Device Manufacturers
  • Others

By Country:

  • U.S
  • Canada

North America Imaging Cro Market Key Players

The key players operating the Imaging CRO Market includes IQVIA, PAREXEL, PRA HEALTH SCIENCES, ICON, Syneos Health, Labcorp Drug Development, PPD, Fisher Clinical Services

North America Imaging Cro Market Company Profile

  • IQVIA, Inc. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PAREXEL
  • PRA HEALTH SCIENCES  
  • ICON
  • Syneos Health, Ltd.
  • Labcorp Drug Development  
  • PPD, INC.
  • Fisher Clinical Services    

"*" marked represents similar segmentation in other categories in the respective section.

North America Imaging Cro Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Services Offered
      • Market Snippet, By Imaging Modality
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis

Market Segmentation, By Services Offered, Forecast Period 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

Market Segmentation, Imaging Modality, Forecast Period 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

Market Segmentation, Application, Forecast Period 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

Market Segmentation, End User, Forecast Period 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

Market Segmentation, By Country, Forecast Period 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
    • Country Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • IQVIA
    • PAREXEL
    • PRA HEALTH SCIENCES  
    • ICON
    • Syneos Health, Ltd.
    • Labcorp Drug Development  
    • PPD, Inc.
    • Fisher Clinical Services          

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The North America Imaging CRO Market is segmented into Services Offered, Imaging Modality, Application, End User and Country.

Technological advancements in imaging and growth in outsourcing of imaging services.

The North America Imaging CRO Market is segmented by country into the U.S. and Canada. The U.S. is expected to dominate the market due to its large number of Investments.

The key players operating the Imaging CRO Market includes IQVIA, PAREXEL, PRA HEALTH SCIENCES, ICON, Syneos Health, Ltd., Labcorp Drug Development, PPD, INC., Fisher Clinical Services.