Global Market For Biological And Medical Imaging Reagents Set To Surge To $40.1 Billion By 2030
| Report Metric | Details |
| Base year considered | 2024 |
| Forecast period considered | 2025-2030 |
| Base year market size | $24.6 billion |
| Market size forecast | $40.1 billion |
| Growth rate | CAGR of 8.6% from 2025 to 2030 |
| Segments covered | Product Type, Modality, Technology, Application, End Use, and Region |
| Regions covered | North America, Europe, Asia-Pacific, South America and the Middle East and Africa (MEA) |
| Market Drivers |
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Interesting fact:
- AI is revolutionizing how imaging reagents are used, enabling faster, more accurate interpretation of diagnostic images. There has been a surge in clinical trials and product launches focused on next-generation biologic imaging reagents, especially for cancer diagnostics. These agents are designed to provide higher specificity, reduced invasiveness, and improved patient outcomes.
The report addresses the following questions:
What are the projected market size and growth rate?- The global market for biologics and medical imaging reagents was $24.6 billion in 2024. The market is expected to grow at a CAGR of 8.6%, reaching about $40.1 billion by the end of 2030.
- Factors driving the biologic and medical imaging reagents market include increasing R&D investments, growing prevalence of chronic diseases, rising adoption of theranostics and personalized medicine, and replacing toxic reagents with safer alternatives.
- The challenges include complex regulatory approvals, high development costs, limited reimbursement policies, and the need for specialized handling and safety protocols, especially for radioactive or nanoparticle-based agents. Opportunities exist in the form of rising prevalence of chronic diseases, growing demand for personalized diagnostics, and rapid advances in technologies like AI, radiopharmaceuticals, and multimodal imaging.
- The market is segmented based on type, modality, technology, application, end-use, and region. Types include contrast reagents, radioactive reagents, and optical reagents. Imaging modalities include optical imaging reagents, X-ray/CT imaging reagents, nuclear imaging reagents, MRI imaging reagents, multimodal imaging reagents, and ultrasound imaging reagents. Technology segments include quantum dots, radiopharmaceuticals, fluorescent proteins, fluorescent dyes and probes, and nanoparticles. The market is also categorized by application into in vivo and in vitro uses. By end-use, the reagents are segmented into diagnostics and R&D, supporting both clinical and scientific advances. The regions covered in this study include North America, Europe, Asia-Pacific, and the Rest of the World. North America includes the U.S., Canada, and Mexico. Europe includes Germany, the U.K., Italy, France, Spain, and the Rest of Europe; Asia-Pacific includes China, Japan, India, South Korea, and the Rest of Asia-Pacific.
- Contrast reagents will dominate the market through the end of 2030.
- North America accounted for 42.5% of the market in 2024.
Market leaders include:
- AGILENT TECHNOLOGIES INC. ALTONA DIAGNOSTICS GMBH ANALYTIK JENA GMBH+CO. KG. BAYER AG BD BIO-RAD LABORATORIES INC. DANAHER CORP. F. HOFFMANN-LA ROCHE LTD. GE HEALTHCAR MERCK KGAA PROMEGA CORP. QIAGEN REVVITY SIEMENS HEALTHINEERS AG THERMO FISHER SCIENTIFIC INC.
Related reports:
Global Markets for Media, Sera and Reagents in Biotechnology: This report offers a detailed overview of the market for media, sera, and reagents in biotechnology, examining current trends and future growth potential. It explores market drivers, challenges, and opportunities, and provides insights into emerging technologies, patent activity, ESG developments, and investment trends. The market is segmented by product type, end user, and region, with in-depth analysis of reagents, media, and sera. It also includes profiles of key companies, making it a valuable resource for understanding the evolving global biotech landscape.
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