Overview:
The global veterinary imaging market, as per the reports of Market Research Future (MRFR), can eye for an impressive CAGR of 7.14% over the review period (2016-2025). The time-span can also witness a surpassing of the predicted market valuation of USD 1800 million by the global veterinary imaging market. Veterinary imaging is the technology that provides a detailed report about diseases that pets or animals have. The global veterinary imaging market is all geared to profit much from advanced technologies that the market titans are launching.
Factors that can trigger market growth are cost-effective procedures, rising instances of pets getting covered by insurance policies, increasing disposable income, and surge in the ownership of pets across the world. Intensive animal farming can also impact the veterinary imaging market in the coming years.
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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
Depending on geographic region, veterinary imaging market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America holds be the largest market for veterinary imaging due to increasing awareness about animal healthcare and increasing investment in healthcare domain. Moreover the European market is also growing and second largest market for Veterinary Imaging. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Veterinary Imaging during the forecasted period. Whereas, The Middle East & Africa have the least market share. Additionally, factors such as lack of awareness, low healthcare expenditures will restrain the market during the corresponding period.
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.
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 23
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 25
4.2.1 Increasing Incidence Of Zoonotic Diseases 25
4.2.2 Increasing Expenditure On Pet Insurance 25
4.2.3 Technological Advancements In Veterinary Imaging 26
4.3 Restraints 27
4.3.1 High Procedure Cost 27
4.3.2 Lack Of Skilled Veterinarians 27
4.4 Opportunities 28
4.4.1 Innovations In Veterinary Imaging Instruments 28
4.5 Mega Trends 28
4.6 Macroeconomic Indicators 28
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