Veterinary Imaging Market Size, Segments, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

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By type, the global veterinary imaging market has been segmented into veterinary imaging instruments, veterinary imaging reagents, and veterinary imaging software.

Overview:

The global veterinary imaging market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Veterinary deals with diagnosis and treatment of diseases in animals. Veterinary imaging devices are useful in diagnosis and treatment of diseases in animals. These devices also gives clear understanding of disease or injury that helps veterinarian for treatment of animal. Increasing awareness about animal healthcare and improvement of animal life are key factors for the growth of the market. Disease pattern in animals are continuously changing and becoming more challenging for veterinarians to diagnose these diseases. Veterinary imaging devices gives them in accurate diagnosis and further treatment. Increasing pet adoption is another major factor for the growth of the market. Increasing number of veterinarians, veterinary clinics and growing veterinary healthcare infrastructure are driving the growth for the market. Cattle are very important part of farming that have economic importance because they provides many products like milk, meat and leather. Farmers are becoming more aware about the health of their cattle which is good sign for the growth of the market. About 75% of veterinarians are working in private hospitals or pet clinics and these hospitals or clinics are spending money in advancement of technology to provide better facilities. Veterinary imaging devices manufacturers are spending money to develop innovative and usable product for the market. However there are some factors are inhibiting the growth of the market such as high cost of devices that small clinics cannot afford, lack of knowledge about new technology or products, availability of products, access to veterinary healthcare facilities, lack of skilled veterinary professionals etc.

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Market Segmentation:

By type, the global veterinary imaging market has been segmented into veterinary imaging instruments, veterinary imaging reagents, and veterinary imaging software.

By product type, the market for veterinary imaging is segmented into large animals, small companion animals, and others.

By therapeutic area, the global veterinary imaging market has been segmented into orthopedics and traumatology, cardiology, neurology, and, oncology.

By end-user, the market for veterinary imaging market is segmented into hospitals & clinics, and, academic institutes.

Regional Analysis

Europe, Asia Pacific (APAC), the Americas, and the Middle East & Africa (MEA) are region considered during the compilation of the global veterinary imaging market report.

The Americas accounted for the largest market share in 2018. It is predicted to exhibit 7.14% CAGR during the forecast period due to rise in pet ownership rates, demand for pet insurance, increase in veterinary expenditure. This is supported by statistics by the American Pet Products Association which stated nearly 68% of pet owners in the U.S. accounting for a pet in their household.

Europe is the second biggest region due to presence of veterinary clinics, advanced diagnostic procedures, and rise in pet ownership. On the other hand, the APAC region is driven by rise of nuclear families, large expendable income levels, and adoption of pets.

The MEA market can face a sluggish growth rate during the forecast period due to low production rate of purebreds and low investments by the pet care sector.

Competitive Landscape:

MRFR includes several companies that would influence the veterinary imaging market in the coming years. They are Hallmarq Veterinary Imaging Ltd, Esaote SpA, Diagnostic Imaging System, Inc, Heska Corporation, General Electric Canon Inc., Merry X-Ray, Medical Imaging / IMCO, Inc, Fujifilm Holding Corporation, Carestream Health, BCF Technology Ltd, and Idexx Laboratories Inc.

In 2019, Sound, a global leader in providing veterinary imaging solutions, teamed up with Canon for their digital radiography detectors and medical SDK. The result is a software, that would provide a seamless, robust, veterinary-specific digital radiography system.

List Of Tables

TABLE 1 MARKET SYNOPSIS 17

TABLE 2 LIST OF ASSUMPTIONS 19

TABLE 3 GLOBAL VETERINARY IMAGING MARKET BY PRODUCT TYPE, 2020-2027 (USD MILLION) 35

TABLE 4 GLOBAL VETERINARY IMAGING INSTRUMENTS MARKET BY REGION, 2020-2027 (USD MILLION) 36

TABLE 5 GLOBAL VETERINARY IMAGING INSTRUMENTS MARKET BY TYPE, 2020-2027 (USD MILLION) 36

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