According to a new report published by Allied Market Research, titled, “Veterinary Imaging Market: Global Opportunity Analysis and Industry Forecast, 2021-2030” Veterinary imaging is a branch of veterinary medicine that is used to obtain medical images of animal for diagnosis of the disease. Imaging systems such as radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and others, are used to diagnose diseases in companion animals, large animals, live-stock animals, and others. The veterinary imaging market is estimated to experience significant growth during the forecast period owing to rise in pet adoption, technological advancements in veterinary imaging systems, increase in number of veterinary hospitals with surge in veterinary professionals, and surge in expenditure on animal health are majorly driving the growth of veterinary imaging market. In addition, significant potential in the developing regions is expected to offer lucrative opportunities for market expansion during the forecast period.
According to Allied Market Research report, global veterinary imaging market was valued at $1,620 million in 2018, and is projected to reach $2,651 million by 2026, registering a CAGR of 6.3%.
The global veterinary imaging market is segmented based on product type, animal type, application, end user, and region. Based on product type, the market is classified as instrument and reagents. According to animal type, the market is categorized as companion animals, large animals, and others. Application such as orthopedics & traumatology, oncology, cardiology, neurology, and others, are covered in the report. On the basis of end user, the market is categorized into clinics & hospitals, reference labs, and others. By region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).
Asia-Pacific presents lucrative opportunities for the key players operating in the veterinary imaging market, growth in awareness about veterinary imaging, and growing adoption of companion animals with rise in animal health awareness supports the market growth. Moreover, increase in disposable income, improvement in animal health spending, rise in importance of livestock animals, boost in the demand for protein-rich animal food, surge in consumption of meat & dairy products and rise in number of veterinary hospitals with advanced imaging systems, further contribute toward the market growth. Some other factors such as increase in number of pet ownership, and rise in demand for advanced imaging systems are expected to drive the growth of the veterinary imaging market in Asia-Pacific.
Key Market Players
The key players profiled in this report include Agfa- Gevaert N.V., Esaote SpA, Fujifilm holdings corp. (Sonosite, Inc.), General Electric (GE Healthcare), IMV Technologies group, (IMV imaging), IDEXX Laboratories, Inc., Mindray Medical International Ltd., MinXray, Inc., Siemens AG, and Toshiba Corporation (Canon Medical Systems Corporation).
- The study provides an in-depth analysis of the veterinary imaging market size along with the current veterinary imaging market trends and future estimations to elucidate the imminent investment pockets.
- It offers veterinary imaging market analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global veterinary imaging market growth.
Questions Answered in the Report
- What is the total market value of veterinary imaging market in 2018?
- What would be forecast period in the market report?
- What is the market value of veterinary imaging market in 2019?
- Which is base year calculated in the veterinary imaging market report?
- Which are the top companies hold the market share in veterinary imaging market?
- Which is the most influencing segment growing in the veterinary imaging market report?
- What are the key trends in the veterinary imaging market report?
- What are the market values / growth % of emerging countries?
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