Report Description

The global imaging clinical research organization (CRO) market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include growing number of clinical trials, continuous growth in R&D spending, and extensive advancement in technology are impelling the growth of the market. Medical imaging plays an effective role in the clinical advancement of novel life science products. Expansion of biotechnology and pharmaceutical industries along with increased research and development investments for developing new drugs to treat various diseases is likely to drive the market industry growth. The other factors supporting the market’s growth are, rise in R&D activities, increasing R&D expenditure, rise in automation of imaging process, increasing usage of imaging technology and the enhanced power of computing, and growing number of mergers and strategic acquisitions.

Increase in the Annual Number of Clinical Trials with Medical Imaging supports the Market Growth

Growing number of clinical trials due to the rise in clinical research is augmenting the growth of the market. Imaging Clinical Research Organizations helps researchers by providing a massive information and insights in key areas. They are adding quality, cost-effectiveness and manufacturing capacity to various industries such as medical devices, biotechnology, and pharmaceutical. The growing significance of medical imaging in clinical trials is fueling the growth of the market. According to Keosys Medical Imaging article, in 2018, the total number of clinical trials performed each year has almost doubled in 2020 compared to 2010.

Growth in R&D Activities and spendings to foster the Market Growth

Rise in research and development (R&D) activities is bolstering the growth of the market. Rising research in the field of radiology and imaging sciences are helping to generate critical technologies, as well as honed modern techniques for using equipment to identify and treat abnormalities and disease in the humans. Nowadays, various clinical studies are done to evaluate medical, surgical and behaviors intervention, with the help of medical imaging.  Also, continuous growth in R&D spending is facilitating the growth of the market. 

Increasing Adoption of Automation in Imaging CRO Process

Over the past few years, rapid advancements in technology are propelling the growth of the market. Advancements such as automation in Imaging CRO process is making a huge impact on the biotechnology and pharmaceutical industries. Automation in imaging CRO process makes the process effective and efficient, also, it helps to control errors and minimize time. Thus, the increasing adoption of automation in imaging process encourages the growth of the market. For instance, in 2021, Abbott announced that it has received FDA clearance for the latest optical coherence tomography (OCT) imaging platform operated by the company's new Ultreon Software. This advanced imaging software combines OCT with artificial intelligence to offer physicians an enhanced, comprehensive view of coronary blood flow and blockages to aid physician decision-making and offer the best route for treatment.


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Market Segmentation

The global imaging clinical research organization (CRO) market is segmented into services offered, imaging modality, clinical trial phase, application, end user, and company. Based on services offered, the market is divided into imaging acquisition and protocol development, application design, image collection and quality control, digital image conversion, support and maintenance, and others. Based on imaging modality, the market is divided into computed tomography (CT) scan, magnetic resonance imaging (MRI), positron emission tomography (PET), and others. Based on clinical trial phase, the market is divided into phase 1, phase 2, and phase 3. Based on application, the market is divided into oncology, neurology, cardiovascular, ophthalmology, and others. Based on end user, the market is divided into pharmaceutical & biotechnology companies, medical device manufacturers, academic & research institutions, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising number of clinical studies in the country.

Market Players

Laboratory Corporation of America Holdings, IXICO PLC, ICON plc, The Micron Group, Medpace Holdings, Inc., Radiant Sage LLC, Biomedical Systems Corporation, Worldcare Clinical, LLC, Imaging Endpoints LLC, and Parexel International Corporation are some of the leading companies operating in the market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2017-2021 and 2022-2027

Report coverage

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

Segments covered

·         Services Offered

·         Imaging Modality

·         Clinical Trial Phase

·         Application

·         End User

·         Company

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa; Turkey; Egypt;

Key companies profiled

Laboratory Corporation of America Holdings, IXICO PLC, ICON plc, The Micron Group, Medpace Holdings, Inc., Radiant Sage LLC, Biomedical Systems Corporation, Worldcare Clinical, LLC, Imaging Endpoints LLC, and Parexel International Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global imaging clinical research organization (CRO) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Imaging Clinical Research Organization (CRO) Market, By Services Offered:

o    Imaging Acquisition and Protocol Development

o    Application Design

o    Image Collection and Quality Control

o    Digital Image Conversion

o    Support and Maintenance

o    Others

·         Imaging Clinical Research Organization (CRO) Market, By Imaging Modality:

o    Computed Tomography (CT) Scan

o    Magnetic Resonance Imaging (MRI)

o    Positron Emission Tomography (PET)

o    Others

·         Imaging Clinical Research Organization (CRO) Market, By Clinical Trial Phase:

o    Phase 1

o    Phase 2

o    Phase 3

·         Imaging Clinical Research Organization (CRO) Market, By Application:

o    Oncology

o    Neurology

o    Cardiovascular

o    Ophthalmology

o    Others

·         Imaging Clinical Research Organization (CRO) Market, By End User:

o    Pharmaceutical & Biotechnology Companies

o    Medical Device Manufacturers

o    Academic & Research Institutions

o    Others

·         Imaging Clinical Research Organization (CRO) Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Imaging Clinical Research Organization (CRO) Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Imaging Clinical Research Organization (CRO) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Imaging Clinical Research Organization (CRO) Market

5.    Voice of Customer

6.    Global Imaging Clinical Research Organization (CRO) Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Services Offered (Imaging Acquisition and Protocol Development, Application Design, Image Collection and Quality Control, Digital Image Conversion, Support and Maintenance, Others)

6.2.2.     By Imaging Modality (Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Others)

6.2.3.     By Clinical Trial Phase (Phase 1, Phase 2, Phase 3)

6.2.4.     By Application (Oncology, Neurology, Cardiovascular, Ophthalmology, Others)

6.2.5.     By End User (Pharmaceutical & Biotechnology Companies, Medical Device Manufacturers, Academic & Research Institutions, Others)

6.2.6.     By Region

6.2.7.     By Company (2021)

6.3.  Market Map

7.    North America Imaging Clinical Research Organization (CRO) Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Services Offered

7.2.2.     By Imaging Modality

7.2.3.     By Clinical Trial Phase

7.2.4.     By Application

7.2.5.     By End User

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Imaging Clinical Research Organization (CRO) Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Services Offered

7.3.1.2.2.             By Imaging Modality

7.3.1.2.3.             By Clinical Trial Phase

7.3.1.2.4.             By Application

7.3.1.2.5.             By End User

7.3.2.     Canada Imaging Clinical Research Organization (CRO) Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Services Offered

7.3.2.2.2.             By Imaging Modality

7.3.2.2.3.             By Clinical Trial Phase

7.3.2.2.4.             By Application

7.3.2.2.5.             By End User

7.3.3.     Mexico Imaging Clinical Research Organization (CRO) Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Services Offered

7.3.3.2.2.             By Imaging Modality

7.3.3.2.3.             By Clinical Trial Phase

7.3.3.2.4.             By Application

7.3.3.2.5.             By End User

8.    Europe Imaging Clinical Research Organization (CRO) Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Services Offered

8.2.2.     By Imaging Modality

8.2.3.     By Clinical Trial Phase

8.2.4.     By Application

8.2.5.     By End User

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Imaging Clinical Research Organization (CRO) Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Services Offered

8.3.1.2.2.             By Imaging Modality

8.3.1.2.3.             By Clinical Trial Phase

8.3.1.2.4.             By Application

8.3.1.2.5.             By End User

8.3.2.     Germany Imaging Clinical Research Organization (CRO) Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Services Offered

8.3.2.2.2.             By Imaging Modality

8.3.2.2.3.             By Clinical Trial Phase

8.3.2.2.4.             By Application

8.3.2.2.5.             By End User

8.3.3.     United Kingdom Imaging Clinical Research Organization (CRO) Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Services Offered

8.3.3.2.2.             By Imaging Modality

8.3.3.2.3.             By Clinical Trial Phase

8.3.3.2.4.             By Application

8.3.3.2.5.             By End User

8.3.4.     Italy Imaging Clinical Research Organization (CRO) Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Services Offered

8.3.4.2.2.             By Imaging Modality

8.3.4.2.3.             By Clinical Trial Phase

8.3.4.2.4.             By Application

8.3.4.2.5.             By End User

8.3.5.     Spain Imaging Clinical Research Organization (CRO) Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Services Offered

8.3.5.2.2.             By Imaging Modality

8.3.5.2.3.             By Clinical Trial Phase

8.3.5.2.4.             By Application

8.3.5.2.5.             By End User

9.    Asia-Pacific Imaging Clinical Research Organization (CRO) Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Services Offered

9.2.2.     By Imaging Modality

9.2.3.     By Clinical Trial Phase

9.2.4.     By Application

9.2.5.     By End User

9.2.6.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Imaging Clinical Research Organization (CRO) Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Services Offered

9.3.1.2.2.             By Imaging Modality

9.3.1.2.3.             By Clinical Trial Phase

9.3.1.2.4.             By Application

9.3.1.2.5.             By End User

9.3.2.     India Imaging Clinical Research Organization (CRO) Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Services Offered

9.3.2.2.2.             By Imaging Modality

9.3.2.2.3.             By Clinical Trial Phase

9.3.2.2.4.             By Application

9.3.2.2.5.             By End User

9.3.3.     Japan Imaging Clinical Research Organization (CRO) Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Services Offered

9.3.3.2.2.             By Imaging Modality

9.3.3.2.3.             By Clinical Trial Phase

9.3.3.2.4.             By Application

9.3.3.2.5.             By End User

9.3.4.     South Korea Imaging Clinical Research Organization (CRO) Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Services Offered

9.3.4.2.2.             By Imaging Modality

9.3.4.2.3.             By Clinical Trial Phase

9.3.4.2.4.             By Application

9.3.4.2.5.             By End User

9.3.5.     Australia Imaging Clinical Research Organization (CRO) Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Services Offered

9.3.5.2.2.             By Imaging Modality

9.3.5.2.3.             By Clinical Trial Phase

9.3.5.2.4.             By Application

9.3.5.2.5.             By End User

10.  South America Imaging Clinical Research Organization (CRO) Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Services Offered

10.2.2.  By Imaging Modality

10.2.3.  By Clinical Trial Phase

10.2.4.  By Application

10.2.5.  By End User

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Imaging Clinical Research Organization (CRO) Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Services Offered

10.3.1.2.2.           By Imaging Modality

10.3.1.2.3.           By Clinical Trial Phase

10.3.1.2.4.           By Application

10.3.1.2.5.           By End User

10.3.2.  Argentina Imaging Clinical Research Organization (CRO) Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Services Offered

10.3.2.2.2.           By Imaging Modality

10.3.2.2.3.           By Clinical Trial Phase

10.3.2.2.4.           By Application

10.3.2.2.5.           By End User

10.3.3.  Colombia Imaging Clinical Research Organization (CRO) Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Services Offered

10.3.3.2.2.           By Imaging Modality

10.3.3.2.3.           By Clinical Trial Phase

10.3.3.2.4.           By Application

10.3.3.2.5.           By End User

11.  Middle East and Africa Imaging Clinical Research Organization (CRO) Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Services Offered

11.2.2.  By Imaging Modality

11.2.3.  By Clinical Trial Phase

11.2.4.  By Application

11.2.5.  By End User

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Imaging Clinical Research Organization (CRO) Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Services Offered

11.3.1.2.2.           By Imaging Modality

11.3.1.2.3.           By Clinical Trial Phase

11.3.1.2.4.           By Application

11.3.1.2.5.           By End User

11.3.2.  Saudi Arabia Imaging Clinical Research Organization (CRO) Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Services Offered

11.3.2.2.2.           By Imaging Modality

11.3.2.2.3.           By Clinical Trial Phase

11.3.2.2.4.           By Application

11.3.2.2.5.           By End User

11.3.3.  UAE Imaging Clinical Research Organization (CRO) Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Services Offered

11.3.3.2.2.           By Imaging Modality

11.3.3.2.3.           By Clinical Trial Phase

11.3.3.2.4.           By Application

11.3.3.2.5.           By End User

11.3.4.  Turkey Imaging Clinical Research Organization (CRO) Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Services Offered

11.3.4.2.2.           By Imaging Modality

11.3.4.2.3.           By Clinical Trial Phase

11.3.4.2.4.           By Application

11.3.4.2.5.           By End User

11.3.5.  Egypt Imaging Clinical Research Organization (CRO) Market Outlook

11.3.5.1.      Market Size & Forecast

11.3.5.1.1.           By Value

11.3.5.2.      Market Share & Forecast

11.3.5.2.1.           By Services Offered

11.3.5.2.2.           By Imaging Modality

11.3.5.2.3.           By Clinical Trial Phase

11.3.5.2.4.           By Application

11.3.5.2.5.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Laboratory Corporation of America Holdings

14.2.              IXICO PLC

14.3.              ICON plc

14.4.              The Micron Group

14.5.              Medpace Holdings, Inc.

14.6.              Radiant Sage LLC

14.7.              Biomedical Systems Corporation

14.8.              Worldcare Clinical, LLC

14.9.              Imaging Endpoints LLC

14.10.            Parexel International Corporation

15.   Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing number of clinical trials, continuous growth in R&D spending, and extensive advancement in technology are driving the demand for the global imaging clinical research organization (CRO) market.

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Laboratory Corporation of America Holdings, IXICO PLC, ICON plc, The Micron Group, Medpace Holdings, Inc., Radiant Sage LLC, Biomedical Systems Corporation, Worldcare Clinical, LLC, Imaging Endpoints LLC, and Parexel International Corporation are the key players operating in the global imaging clinical research organization (CRO) market.

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The massive installation costs of medical imaging systems, logistical and supply chain, may hamper the growth of the global imaging clinical research organization (CRO) market.

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The countries data which are covered in the global imaging clinical research organization (CRO) market are United States, Canada, Mexico, China, India, Japan, South Korea, Germany, France, United Kingdom, Spain, Italy, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia, South Africa, Turkey, Egypt.

profile

Sakshi Bajaal

Business Consultant
Press Release

Imaging Clinical Research Organization (CRO) Market to be dominated by Growing Research and Development (R&D) Activities through 2027

Nov, 2022

Growing number of clinical trials and adoption of automation in imaging process to drive the imaging clinical research organization (CRO) market in the forecast period, 2023-2027.