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Molecular Imaging Market Currently Worth US $5 Billion Says Report Buyer - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
Molecular Imaging Market Currently Worth US $5 Billion Says Report Buyer

 

PRZOOM - /newswire/ - London, United Kingdom, 2010/03/04 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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According to the report “Advances in Molecular Imaging” the molecular imaging market is currently worth around US$5 billion, with 50% of this being generated in North America.

The market for molecular imaging technology is facing a number of challenges. The chronic shortage of key radiopharmaceuticals and negative US reimbursement developments have affected the SPECT sector while an uncertain economic future has impacted buyers' willingness to invest in capital equipment. Advanced MI solutions offer real clinical and research benefits, but in current market conditions, exactly when the technologies will realise their potential is open to question.

Current research into MI involves different fields, including target discovery, chemistry, cell biology, disease modelling, imaging, data processing and clinical research. While some key molecular targets in certain diseases are well established, newer targets, chemical ligands and sensing technologies wait to be developed. Currently, most R&D into MI is focused on clinical applications in cancer, neurological and cardiovascular diseases.

The 258 page report says,, companies are focusing on translational research, i.e. developing and marketing small animal, pre-clinical MI systems with the aim of translating this technology to human use in the future. For example, in cancer research, animal models of cancer are making it possible to perform studies that are difficult or impossible to perform in humans. In addition, imaging small animals can help assess the effectiveness of new instruments and therapeutic technologies such as radiation therapy and directed drug therapies.

Despite some short-term factors that are likely to impact growth in the MI market, there are strong opportunities in this area. The increasing incidence of cancer, cardiovascular and neurological diseases means that demand for faster and more accurate diagnosis, as well as drug development and pre-clinical study efforts, will continue to accelerate in the coming years. In addition, MI technologies will become more widely adopted as reimbursement increases, clinical evidence is established as to its benefits, and new technological innovations continue to be brought to market.

 
 
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Molecular Imaging Market Currently Worth US $5 Billion Says Report Buyer

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