(PRWEB UK) 17 December 2012
The Pre-Clinical Imaging (In vivo) Marke t report sates that the global pre-clinical imaging market is valued at $790 million in 2012, and is estimated to grow at an annual growth rate of 14.5% over the next five years. The market has witnessed myriad technological advancements over the last two decades and it is expected that this trend will continue in future to solve the present challenges and fill the unmet needs of the market.
According to the report factors such as increasing pre-clinical research studies, rising government support in developing markets, and the increasing number of research institutions are driving the growth of pre-clinical imaging market. However, high cost of imaging systems and technological limitations are restraining the market growth. The market is facing some major challenges such as industry consolidation, slow adoption rate of pre-clinical imaging technologies by tier I and tier II pharma/biotech companies and lack of sufficient accessibility of radiotracers for nuclear imaging.
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