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The Advances in Molecular Imaging report report was researched and written by Joanne Maddox, a senior medical market analyst at Espicom.
A comprehensive 258-page review, with extensive company, product and research evaluations in all major molecular imaging (MI) areas, including nuclear, near infrared/optical imaging, ultrasound and MRI for both clinical and pre-clinical applications.
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.
Where does this leave the companies and organisations that are investing US billions to develop products?
Current research into molecular imaging advances 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. In addition, 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. Currently, most R&D into MI is focused on clinical applications in cancer, neurological and cardiovascular diseases.
Despite the 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 their benefits and new technological innovations continue to be brought to the market.
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