Table of Content - Global Imaging CRO Market

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Imaging CRO
Market -
A Global and
Regional Analysis
Table of Content

Attribution: https://pixabay.com/photos/tire-rim-car-mechanic-114259/

Focus on Services, Modalities,


Applications, Phases, End User, Country
Data (11 Countries), and Competitive
Global Imaging CRO Market

Landscape
Analysis and Forecast: 2020-2031

September 2021

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Global Imaging CRO Market

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Table of Content
Executive Summary .......................................................................... 15

Research Methodology ..................................................................... 19

1. Market Overview ........................................................................ 23


1.1 Market Definition.............................................................................................. 24

1.2 Global Imaging CRO Market Footprint ........................................................... 24

1.3 Realistic and Optimistic View of Global Imaging CRO Market, $Million,
2020-2031.......................................................................................................... 25

1.4 Current Imaging CRO Landscape .................................................................. 26

2. Industry Analysis ....................................................................... 28


2.1 Regulatory Framework in the U.S. ................................................................. 29

2.1.1 Imaging CRO Workflow............................................................................... 29

2.2 Regulatory Framework in Europe .................................................................. 30

2.3 Regulatory Framework in Asia-Pacific Countries ......................................... 30

2.3.1 China ............................................................................................................ 30

2.3.2 Japan ............................................................................................................ 31

3. Market Dynamics ....................................................................... 32


3.1 Market Dynamics ............................................................................................. 33

3.1.1 Drivers .......................................................................................................... 33

3.1.1.1 Continued Growth in R&D Spending ................................................................. 33

3.1.1.2 Increase in the Annual Number of Clinical Trials with Medical Imaging ............ 34

3.1.2 Restraints ..................................................................................................... 35


Global Imaging CRO Market

3.1.2.1 High Installation Cost of Medical Imaging Systems ........................................... 35

3.1.2.2 Supply Chain and Logistical Challenges ........................................................... 35

3.1.3 Opportunities ............................................................................................... 36

3.1.3.1 Increasing Outsourcing Trend Among Pharmaceutical Companies .................. 36

3.1.3.2 Automation in Imaging CRO Process ................................................................ 36


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4. Competitive Landscape............................................................. 38
4.1 Overview ........................................................................................................... 39

4.2 Synergistic Activities ...................................................................................... 40

4.2.1 Mergers and Acquisitions ........................................................................... 41

4.2.2 New Service Launch.................................................................................... 41

4.2.3 Expansion .................................................................................................... 41

4.3 Market Share Analysis, By Company ............................................................. 42

4.4 Growth Share Analysis, By Company ............................................................ 43

5. Services, $Million, 2020-2031 .................................................... 45


5.1 Overview ........................................................................................................... 46

5.1.1 Imaging Acquisition and Protocol Development ...................................... 47

5.1.2 Application Design ...................................................................................... 48

5.1.3 Image Collection and QC ............................................................................ 48

5.1.4 Digital Image Conversion ........................................................................... 49

5.1.5 Support and Maintenance ........................................................................... 50

6. Modalities, $Million, 2020-2031.................................................. 51


6.1 Overview ........................................................................................................... 52

6.1.1 Computed Tomography (CT) Scan ............................................................ 52

6.1.2 Magnetic Resonance Imaging (MRI) .......................................................... 53

6.1.2.1 Diffusion Tensor Imaging (DTI) .......................................................................... 54

6.1.2.2 Functional MRI (fMRI) ........................................................................................ 55

6.1.2.3 Resting-State Functional Connectivity MRI (fcMRI) .......................................... 55


Global Imaging CRO Market

6.1.2.4 Volumetric MRI (vMRI) ...................................................................................... 56

6.1.2.5 Arterial Spin Labeling for Quantitative Perfusion Imaging (ASL) ....................... 57

6.1.3 Positron Emission Tomography (PET) ...................................................... 57

6.1.3.1 Positron Emission Tomography with 18F Isotope (FDG-PET) .......................... 58

6.1.3.2 Other PET .......................................................................................................... 59

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6.1.4 Other Modalities .......................................................................................... 59

6.1.4.1 X-Rays ............................................................................................................... 60

6.1.4.2 Ultrasound ......................................................................................................... 61

6.1.4.3 Scanning Laser Ophthalmoscopy (SLO) ........................................................... 61

6.1.4.4 Optical Coherence Tomography ........................................................................ 62

6.1.4.5 Scanning Laser Polarimetry (SLP) .................................................................... 63

6.1.4.6 Others ................................................................................................................ 63

7. Clinical Trial Phase, $Million, 2020-2031 .................................... 65


7.1 Overview ........................................................................................................... 66

7.1.1 Phase I .......................................................................................................... 67

7.1.2 Phase II ......................................................................................................... 68

7.1.3 Phase III ........................................................................................................ 68

8. Applications, $Million, 2020-2031 ............................................... 70


8.1 Overview ........................................................................................................... 71

8.1.1 Oncology Imaging CRO .............................................................................. 72

8.1.2 Ophthalmology Imaging CRO..................................................................... 73

8.1.3 Neurology Imaging CRO ............................................................................. 74

8.1.4 Cardiology Imaging CRO ............................................................................ 75

8.1.5 Other Applications ...................................................................................... 76

9. End-User, $Million, 2020-2031 .................................................... 77


9.1 Overview ........................................................................................................... 78

9.1.1 Pharmaceutical Companies ........................................................................ 79

9.1.2 Biotechnology Companies ......................................................................... 79


Global Imaging CRO Market

9.1.3 Medical Device Manufacturers ................................................................... 80

9.1.4 Contract Research Organizations (CRO) .................................................. 81

9.1.5 Academic and Government Research Institutes ...................................... 82

9.1.6 Other End Users .......................................................................................... 82

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10. Regions, $Million, 2020-2031 ..................................................... 84
10.1 Overview ........................................................................................................... 85

10.2 North America .................................................................................................. 87

10.2.1 U.S. ............................................................................................................... 89

10.2.2 Canada ......................................................................................................... 90

10.3 Europe .............................................................................................................. 92

10.3.1 Germany ....................................................................................................... 93

10.3.2 U.K. ............................................................................................................... 94

10.3.3 France........................................................................................................... 95

10.3.4 Italy ............................................................................................................... 96

10.3.5 Spain............................................................................................................. 97

10.3.6 Rest-of-Europe............................................................................................. 98

10.4 Asia-Pacific .................................................................................................... 100

10.4.1 China .......................................................................................................... 101

10.4.2 India ............................................................................................................ 103

10.4.3 Japan .......................................................................................................... 104

10.4.4 Australia ..................................................................................................... 105

10.4.5 Rest-of-Asia-Pacific................................................................................... 106

10.5 Rest-of-the-World .......................................................................................... 107

11. Company Profile ...................................................................... 108


11.1 Overview ......................................................................................................... 109

11.2 Worldcare Clinical, LLC ................................................................................ 110


Global Imaging CRO Market

11.2.1 Company Overview ................................................................................... 110

11.2.2 Role of Worldcare Clinical, LLC in the Global Imaging CRO Market .... 110

11.2.3 SWOT Analysis .......................................................................................... 112

11.3 LabCorp Drug Development (Laboratory Corporation of America


Holdings) ........................................................................................................ 113

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11.3.1 Company Overview ................................................................................... 113

11.3.2 Role of LabCorp Drug Development in the Global Imaging CRO


Market ......................................................................................................... 113

11.3.3 Financials ................................................................................................... 114

11.3.4 SWOT Analysis .......................................................................................... 116

11.4 IXICO PLC ....................................................................................................... 117

11.4.1 Company Overview ................................................................................... 117

11.4.2 Financials ................................................................................................... 118

11.4.3 SWOT Analysis .......................................................................................... 119

11.5 ICON plc.......................................................................................................... 120

11.5.1 Company Overview ................................................................................... 120

11.5.2 Role of ICON plc in the Global Imaging CRO Market ............................. 120

11.5.3 Financials ................................................................................................... 121

11.5.4 SWOT Analysis .......................................................................................... 122

11.6 The Micron Group .......................................................................................... 123

11.6.1 Company Overview ................................................................................... 123

11.6.2 SWOT Analysis .......................................................................................... 124

11.7 Medpace Holdings, Inc. ................................................................................. 125

11.7.1 Company Overview ................................................................................... 125

11.7.2 Financials ................................................................................................... 126

11.7.3 SWOT Analysis .......................................................................................... 127

11.8 Radiant Sage LLC .......................................................................................... 128

11.8.1 Company Overview ................................................................................... 128


Global Imaging CRO Market

11.8.2 SWOT Analysis .......................................................................................... 129

11.9 Biomedical Systems Corporation (ERT) ...................................................... 130

11.9.1 Company Overview ................................................................................... 130

11.9.2 SWOT Analysis .......................................................................................... 131

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11.10 Bioclinica ........................................................................................................ 132

11.10.1 Company Overview ............................................................................. 132

11.10.2 SWOT Analysis.................................................................................... 133

11.11 Imaging Endpoints LLC ................................................................................ 134

11.11.1 Company Overview ............................................................................. 134

11.11.2 Role of Imaging Endpoints LLC in the Global Imaging CRO


Market ......................................................................................................... 134

11.11.3 SWOT Analysis.................................................................................... 135

11.12 Parexel International Corporation ................................................................ 136

11.12.1 Company Overview ............................................................................. 136

11.12.2 Role of Parexel International Corporation in the Global Imaging


CRO Market ................................................................................................ 136

11.12.3 SWOT Analysis.................................................................................... 138

11.13 Wuxi AppTec .................................................................................................. 139

11.13.1 Company Overview ............................................................................. 139

11.13.2 Role of Wuxi AppTec in the Global Imaging CRO Market ............... 139

11.13.3 Financials ............................................................................................ 141

11.13.4 Key Insights About Financial Health of the Company ..................... 142

11.13.5 SWOT Analysis.................................................................................... 143

11.14 Syneos Health, Inc. ........................................................................................ 144

11.14.1 Company Overview ............................................................................. 144

11.14.2 Role of Syneos Health, Inc. in the Global Imaging CRO Market ..... 144

11.14.3 Financials ............................................................................................ 146


Global Imaging CRO Market

11.14.4 SWOT Analysis.................................................................................... 147

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List of Figures
Figure 1: Global Imaging CRO Market, Realistic and Optimistic Scenario, $Million, 2020-2031
Figure 2: Global Imaging CRO Market Dynamics
Figure 3: Share of Key Market Strategies and Developments, July 2017-July 2021
Figure 4: Growth Share Matrix for Global Imaging CRO Market (by Company), 2019- 2020
Figure 5: Global Imaging CRO Market Research Methodology
Figure 6: Primary Research Methodology
Figure 7: Global Imaging CRO Market, $Million, 2020-2031
Figure 8: Realistic and Optimistic View of Global Imaging CRO Market, $Million, 2020-2031
Figure 9: Overview of CRO and Contract Development and Manufacturing Organization (CDMO)
Drug Development Services
Figure 10: Global Imaging CRO Market Dynamics
Figure 11: Share of Key Market Strategies and Developments, July 2017-July 2021
Figure 12: Share of Synergistic Activities (by Company), July 2017- July 2021
Figure 13: Share of Mergers and Acquisitions (by Company), July 2017-July 2021
Figure 14: Market Share Analysis for Global Imaging CRO Market, 2019 and 2020
Figure 15: Growth Share Matrix for Global Imaging CRO Market (by Company), 2019 and 2020
Figure 16: Global Imaging CRO Market (by Service)
Figure 17: Share of Global Imaging CRO Market (by Service), 2020 and 2031
Figure 18: Imaging Acquisition and Protocol Development Market Size and Forecast, $Million, 2020-
2031
Figure 19: Application Design Market Size and Forecast, $Million, 2020-2031
Figure 20: Image Collection and QC Market Size and Forecast, $Million, 2020-2031
Figure 21: Digital Image Conversion Market Size and Forecast, $Million, 2020-2031
Figure 22: Support and Maintenance Market Size and Forecast, $Million, 2020-2031
Figure 23: Share of Global Imaging CRO Market (by Modality), $Million, 2020 and 2031
Figure 24: Global Imaging CRO Market (by Computed Tomography (CT) Scan), $Million, 2020-2031
Figure 25: Global Imaging CRO Market (by Magnetic Resonance Imaging (MRI)) $Million, 2020-2031
Figure 26: Global Imaging CRO Market (by Diffusion Tensor Imaging (DTI)), $Million, 2020-2031
Figure 27: Global Imaging CRO Market (by Functional MRI (fMRI)), $Million, 2020-2031
Figure 28: Global Imaging CRO Market (by Resting-State Functional Connectivity MRI (fcMRI)),
Global Imaging CRO Market

$Million, 2020-2031
Figure 29: Global Imaging CRO Market (by Volumetric MRI (vMRI)), $Million, 2020-2031
Figure 30: Global Imaging CRO Market (by Arterial Spin Labeling (ASL)), $Million, 2020-2031
Figure 31: Global Imaging CRO Market (by Positron Emission Tomography (PET)), $Million, 2020-
2031
Figure 32: Global Imaging CRO Market (by Positron Emission Tomography with 18F Isotope (FDG-
PET)), $Million, 2020-2031

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Figure 33: Global Imaging CRO Market (by Other PET), $Million, 2020-2031
Figure 34: Global Imaging CRO Market (by Positron Emission Tomography (PET)), $Million, 2020-
2031
Figure 35: Global Imaging CRO Market (by X-Ray), $Million, 2020-2031
Figure 36: Global Imaging CRO Market (by Ultrasound), $Million, 2020-2031
Figure 37: Global Imaging CRO Market (by Scanning Laser Ophthalmoscopy (SLO)), $Million, 2020-
2031
Figure 38: Global Imaging CRO Market (Optical Coherence Tomography), $Million, 2020-2031
Figure 39: Global Imaging CRO Market (by Scanning Laser Polarimetry (SLP)), $Million, 2020-2031
Figure 40: Global Imaging CRO Market (by Others), $Million, 2020-2031
Figure 41: Global Imaging CRO Market (by End User), $Million, 2020 and 2031
Figure 42: Global Imaging CRO Market (by Phase I), $Million, 2020-2031
Figure 43: Global Imaging CRO Market (by Phase II), $Million, 2020-2031
Figure 44: Global Imaging CRO Market (by Phase III), $Million, 2020-2031
Figure 45: Global Imaging CRO Market (by Application)
Figure 46: Share of Global Imaging CRO Market (by Application), $Million, 2020 and 2031
Figure 47: Global Imaging CRO Market, (by Oncology Imaging CRO), $Million, 2020-2031
Figure 48: Global Imaging CRO Market, (by Ophthalmology Imaging CRO), $Million, 2020-2031
Figure 49: Global Imaging CRO Market, (by Neurology Imaging CRO), $Million, 2020-2031
Figure 50: Global Imaging CRO Market, (by Cardiology Imaging CRO), $Million, 2020-2031
Figure 51: Global Imaging CRO Market, (by Other Applications), $Million, 2020-2031
Figure 52: Global Imaging CRO Market (by End User), $Million, 2020 and 2031
Figure 53: Global Imaging CRO Market, (by Pharmaceutical Companies), $Million, 2020-2031
Figure 54: Global Imaging CRO Market, (by Biotechnology Companies), $Million, 2020-2031
Figure 55: Global Imaging CRO Market, (by Medical Device Manufacturers), $Million, 2020-2031
Figure 56: Global Imaging CRO Market, (by Contract Research Organizations (CRO)), $Million, 2020-
2031
Figure 57: Global Imaging CRO Market, (by Academic and Government Research Institutes), $Million,
2020-2031
Figure 58: Global Imaging CRO Market, (by Other End Users), $Million, 2020-2031
Figure 59: Global Imaging CRO Market (by Region), $Million, 2020
Figure 60: Share of North America Imaging CRO Market Revenue (by Country), $Million, 2020-2031
Figure 61: North America: Market Dynamics
Global Imaging CRO Market

Figure 62: U.S. Imaging CRO Market, $Million, 2020-2031


Figure 63: Canada Imaging CRO Market, $Million, 2020-2031
Figure 64: Share of Europe Imaging CRO Market (by Country), $Million, 2020-2031
Figure 65: Europe: Market Dynamics
Figure 66: Germany Imaging CRO Market Revenue, $Million, 2020-2031
Figure 67: U.K. Imaging CRO Market Revenue, $Million, 2020-2031

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Figure 68: France Imaging CRO Market Revenue, $Million, 2020-2031
Figure 69: Italy Imaging CRO Market Revenue, $Million, 2020-2031
Figure 70: Spain Imaging CRO Market Revenue, $Million, 2020-2031
Figure 71: Rest-of-Europe Imaging CRO Market Revenue, $Million, 2020-2031
Figure 72: Asia-Pacific: Market Dynamics
Figure 73: Asia-Pacific Imaging CRO Market Revenue (by Country), $Million, 2020-2031,
Figure 74: China Imaging CRO Market Revenue, $Million, 2020-2031
Figure 75: India Imaging CRO Market Revenue, $Million, 2020-2031
Figure 76: Japan Imaging CRO Market Revenue, $Million, 2020-2031
Figure 77: Australia Imaging CRO Market Revenue, $Million, 2020-2031
Figure 78: Rest-of-Asia-Pacific Imaging CRO Market Revenue, $Million, 2020-2031
Figure 79: Rest-of-the-World Imaging CRO Market Revenue, $Million, 2020-2031
Figure 80: Total Number of Companies Profiled
Figure 81: Worldcare Clinical, LLC: Overall Service Portfolio
Figure 82: Worldcare Clinical: SWOT Analysis
Figure 83: LabCorp Drug Development: Overall Service Portfolio
Figure 84: LabCorp Drug Development: Overall Financials, 2018-2020
Figure 85: LabCorp Drug Development: Net Revenue (by Business Segment), 2018-2020
Figure 86: LabCorp Drug Development: Net Revenue (by Region), 2018-2020
Figure 87: LabCorp Drug Development: SWOT Analysis
Figure 88: IXICO PLC: Overall Service Portfolio
Figure 89: IXICO PLC: Overall Financials, 2018-2020
Figure 90: IXICO PLC: Net Revenue (by Region), 2018-2020
Figure 91: IXICO PLC: SWOT Analysis
Figure 92: ICON plc: Overall Service Portfolio
Figure 93: ICON plc: Overall Financials, 2018-2020
Figure 94: ICON plc: Revenue (by Region), 2018-2020
Figure 95: ICON plc: SWOT Analysis
Figure 96: The Micron Group.: Overall Service Portfolio
Figure 97: The Micron Group: SWOT Analysis
Figure 98: Medpace Holdings, Inc.: Overall Service Portfolio
Figure 99: Medpace Holdings, Inc.: Overall Financials, 2018-2020
Global Imaging CRO Market

Figure 100: Medpace Holdings, Inc.: Net Revenue (by Therapeutic Area), 2018-2020
Figure 101: Medpace Holdings, Inc.: SWOT Analysis
Figure 102: Radiant Sage LLC: Overall Service Portfolio
Figure 103: Radiant Sage LLC: SWOT Analysis
Figure 104: Biomedical Systems Corporation (ERT): Overall Service Portfolio
Figure 105: Biomedical Systems Corporation (ERT): SWOT Analysis
Figure 106: Bioclinica: Overall Service Portfolio
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Figure 107: Bioclinica: SWOT Analysis
Figure 108: Imaging Endpoints LLC: Overall Service Portfolio
Figure 109: Imaging Endpoints LLC: SWOT Analysis
Figure 110: Parexel International Corporation: Overall Service Portfolio
Figure 111: Parexel International Corporation: SWOT Analysis
Figure 112: Wuxi AppTec: Overall Service Portfolio
Figure 113: Wuxi AppTec: Overall Financials, 2018-2020
Figure 114: Wuxi AppTec: Revenue (by Segment), 2018-2020
Figure 115: Wuxi AppTec: Revenue (by Region), 2018-2020
Figure 116: Wuxi AppTec: R&D Expenditure, 2018-2020
Figure 117: Wuxi AppTec: SWOT Analysis
Figure 118: Syneos Health, Inc.: Overall Service Portfolio
Figure 119: Syneos Health, Inc.: Overall Financials, 2018-2020
Figure 120: Syneos Health, Inc.: Revenue (by Segment), 2018-2020
Figure 121: Syneos Health, Inc.: Revenue (by Region), 2018-2020
Figure 122: Syneos Health, Inc.: SWOT Analysis

Global Imaging CRO Market

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List of Tables
Table 1: List of Oncology Related Approvals in 2020
Table 2: Imaging Modalities: Pricing Analysis

Global Imaging CRO Market

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