Global Veterinary Imaging Market : Industry Analysis and Forecast (2020-2026)
Global Veterinary Imaging Market is anticipated to reach $ XX Mn in 2026 from $ XX Mn in 2019, at a CAGR of 6.9% during forecast period.
Global Veterinary Imaging Market Overview
Veterinary imaging systems are used for diagnosing chronic diseases in animals and for obtaining medical images of animals. Veterinary imaging is a non-invasive procedure, which has evolved with the aid of instruments related to diagnostic imaging. It helps in writing various reports by analyzing the results of diagnosis through the use of the software application.
Global Veterinary Imaging Market Dynamics
Increasing demand for veterinary diagnostics is projected to drive the market growth.
Increasing expenditure on pet insurance and animal health is rising the demand for veterinary imaging market. Also, the growing incidences of zoonotic diseases demands for effective and accurate diagnosis, as these instruments helps in differentiating neoplasia from rhinitis and improving the productivity of livestock are the factors adding up to the market growth.Technological advancements in veterinary imaging systems allows visualization of several types of brain tumors by eliminating the use of film jackets, dark room, photo processing supplies, which in turn reduces the cost of diagnosis. Such factors accelerate the market growth.
However, high cost of veterinary imaging systems may hamper the market from growing. This effects on the adoption of these systems in low and middle income economies.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed, and the report has come up with recommendations for a future hot spot in the APAC region.
Global Veterinary Imaging Market Segment Analysis
The Global Veterinary Imaging Market is segmented on the basis of product, application, animal type and end-users.
Based on the Product, Radiography Systems held a highest share of XX% in 2019 of the global market. Radiography systems are extensively used for detection of abnormalities and complex conditions suffered by animals.The large share of this segment can be attributed to various factors, such as the consistently high quality of images provided by X-ray imaging, cost-effective technology, and the increasing preference for this technology by veterinarians. According to the news released in August 2020, IDEXX laboratories, a global leader in veterinary diagnostics and software, announced the launch of its industry-leading imaging portfolio to include the ImageVue DR30 Digital Imaging System. The ImageVue DR30 system is ideal for veterinary practices upgrading from computed radiography, less-advanced digital radiography systems, or film, which offers higher image contrast and sharpness, Quick and easy 3-step image capture with 70% faster workflow and environmentally sustainable design.
Based on Applications, the orthopedics segment is anticipated to hold larger market share, owing to increasing injuries among animals like racing horses. Also, growing prevalence of arthritis in animals is contributing in the market growth.The neurology segment is expected to witness lucrative growth due to increasing cases of common brain disorders like hydrocephalus, brain cancer, epilepsy and traumatic brain injuries.
Global Veterinary Imaging Market3
To Know About The Research Methodology :- Request Free Sample Report
Global Veterinary Imaging Market Regional Insights:
North America and Europe are expected to dominate the global market during forecast period.
Developments in imaging systems, rising awareness about animal health and increase in rate of pet adoption drives the market in developed regions like North America and Europe.Rise in animal adoption in France stimulates the market growth. According to the European Pet Food Industry: Facts & Figures (FEDIAF) 2019 survey, there are around 7.4 million pet dogs in the country. Therefore, the growing adoption of animals is expected to raise the overall demand for veterinary diagnostics in France. This is aiding the growth of its veterinary imaging market in the forecast period. The Hallmarq Veterinary Imaging, headquartered in United Kingdom has pioneered the development of the world’s only MRI scanner for standing, sedated horses.
APAC market is expected to witness fastest growth during forecast years.
Growing animal healthcare expenditure, especially in countries like India, China and Japan, will contribute to the market growth. Coupled with this, rising prevalence of animal disorders, various initiatives undertaken by government for animal welfare and large livestock animal pool is driving the market growth in region. Japan is the leading market in APAC region, owing to its increase in production and consumption of livestock.
The report also helps in understanding Global Veterinary Imaging Market dynamics, structure by analyzing the market segments and project the Global Veterinary Imaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Veterinary Imaging Market make the report investor’s guide.
Scope of the global Veterinary Imaging Market report: Inquire before buying
Global Veterinary Imaging Market1
• North America
• South America
Key players operating in global Veterinary Imaging Market:
• Esaote SpA
• Idexx Laboratories, Inc.
• Hitachi, Ltd.
• Siemens AG
• Fujifilm Holdings Corporation
• GE Healthcare (General Electric Company)
• Agfa-Gevaert N.V.
• Excelsior Union Limited (Mindray Medical International Limited)
• Onex Corporation (Carestream Health, Inc.)
• Canon Inc.
• Heska Corporation
• Konica Minolta
• Samsung Electronics Co. Ltd.
• Clarius Mobile Health
• ClearVet Digital Radiography Systems
• Hallmarq Veterinary Imaging
For More Information Visit @:
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Pune, Maharashtra 411051, India.