The Small Animal Imaging Market is characterized by the presence of many global, regional, and local vendors. Developments in the healthcare industry and growing research and development make the small animal imaging market lucrative. To expand their reach and optimize their operational costs, the major players focus on obtaining regulatory authorizations from government agencies for their products and emphasize acquisitions and product launches to gain a substantial market share. The market comprises tier-1, tier-2, and local players.
The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such Bruker (US), Analytik Jena GmbH+Co. KG (Germany), Aspect Imaging Ltd (US), and MR Solutions (UK) dominate the Small Animal Imaging Market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
One of the primary business strategies adopted by manufacturers in the global small animal imaging industry to benefit clients and expand the small animal imaging market sector is to manufacture locally to reduce operating costs.
MR Solutions manufactures and distributes the first line of commercial superconducting, cryogen-free (dry magnet) preclinical magnetic resonance imaging systems in the world. Modules for SPECT, PET, and CT are sold by the company. Furthermore, MR Solutions provides consulting services on the design and development of innovations in the field of MRI scanning to MRI scanner manufacturers, academic institutions, and specialized laboratories worldwide.
With a team of seasoned professionals and an in-depth understanding of magnetic resonance imaging, MR Solutions can consistently develop and enhance its offerings. The company's overseas operations are situated in the United States and Australia. Furthermore, the company is growing its clientele internationally and boasts installations in over 40 countries.
Also, Bruker (US) develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions worldwide. The company operates through two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies. It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry systems; infrared spectroscopy and radiological/nuclear detectors for chemical, biological, radiological, nuclear and explosive detection in emergency response, homeland security, and defense applications; and analytical and process analysis instruments and solutions.
The company also provides X-ray instruments, atomic force microscopy instrumentation, fluorescence optical microscopy instruments, analytical tools for electron microscopes and X-ray metrology, and defect-detection equipment for semiconductor process control, as well as handheld, portable, and mobile X-ray fluorescence spectrometry instruments, and spark optical emission spectroscopy systems. Furthermore, the company has operations in the Americas, Asia-Pacific, and the Middle East.