Veterinary Imaging Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast
The Global Veterinary Imaging Market Report offers extensive knowledge and information about the Veterinary Imaging market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Veterinary Imaging market further validated and verified by the industry experts and professionals. The Global Veterinary Imaging Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Veterinary Imaging market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Veterinary imaging involves the use of imaging modalities such as X-rays, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear imaging to diagnose and monitor diseases in animals. To provide statistical insights, the American Veterinary Medical Association (AVMA) estimates that around 57% of households in the United States own pets. Additionally, according to the British Small Animal Veterinary Association (BSAVA), diagnostic imaging accounts for approximately 20% of all veterinary procedures in the UK.
According to the most recent analysis by Emergen Research, the size of the worldwide veterinary imaging market reached USD 1.65 billion in 2021 and is anticipated to grow at a revenue CAGR of 6.1% during the projected period. The market is driven by factors such as the increasing pet adoption rates, growing prevalence of animal diseases, advancements in imaging technology, and the rising focus on animal healthcare.
One of the primary drivers behind the growth of the veterinary imaging market is the increasing pet ownership worldwide. Pets have become integral members of many families, and their owners are willing to invest in their healthcare. This has led to a higher demand for diagnostic services and imaging procedures in veterinary clinics and hospitals. Additionally, the increasing awareness about the benefits of early disease detection and the availability of advanced imaging technologies have further propelled the growth of the veterinary imaging market.
The growing prevalence of animal diseases is another significant driver for the veterinary imaging market. Animals, just like humans, are susceptible to various health conditions, including orthopedic disorders, cancers, cardiovascular diseases, and neurological disorders. Veterinary imaging plays a crucial role in the early detection, diagnosis, and monitoring of these diseases. With the advancements in imaging technology, veterinarians are able to obtain high-quality images for accurate diagnosis and effective treatment planning.
However, the veterinary imaging market also faces certain restraints. One of the key challenges is the high cost associated with imaging equipment and procedures. Veterinary imaging equipment, such as X-ray machines and MRI scanners, can be expensive to acquire and maintain. Moreover, the need for trained professionals to operate these sophisticated imaging systems adds to the overall cost. These cost-related factors can limit the adoption of veterinary imaging services, particularly in regions with limited financial resources.
Several growth factors are expected to drive the veterinary imaging market in the coming years. Firstly, the increasing investments in research and development activities aimed at advancing imaging technology for veterinary applications are fueling market growth. Innovations such as portable and handheld imaging devices, three-dimensional (3D) imaging, and contrast-enhanced imaging techniques are expanding the capabilities and improving the accessibility of veterinary imaging. These advancements are driving the demand for imaging services in veterinary practices.
Furthermore, the rising focus on animal healthcare and the availability of pet insurance coverage are contributing to the growth of the veterinary imaging market. Pet owners are increasingly recognizing the importance of regular health check-ups and early disease detection for their animal companions. Moreover, the inclusion of imaging services in pet insurance plans provides financial support for diagnostic procedures, encouraging pet owners to seek veterinary imaging services when necessary.
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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
Key Questions Answered in the Report:
What is the growth rate of the Veterinary Imaging market? What is the anticipated market valuation of Veterinary Imaging industry ?
What are the key growth driving and restraining factors of the Veterinary Imaging Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Veterinary Imaging industry over the forecast period?
Which region is expected to show significant growth in the coming years?
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
ESAOTE SPA, SOUND, General Electric Company, UNIVERSAL SOLUTIONS, INC., FUJIFILM Holdings America Corporation, Carestream Health., Koninklijke Philips N.V., Siemens Healthcare GmbH, Agfa-Gevaert Group, Heska Corporation
Key Objectives of the Global Veterinary Imaging Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Veterinary Imaging market and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Regional Landscape section of the Veterinary Imaging report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Veterinary Imaging market expected to boost the growth of the industry in the coming years.
Veterinary Imaging Market Segmentation:
-
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- X-ray
- Computed Tomography (CT) Systems
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Others
-
Animal Type Outlook (Revenue, USD Billion; 2019-2030)
- Livestock
- Poultry
- Cattle
- Others (horses, goat, camel, and others)
- Companion
- Cats
- Dogs
- Aquaculture
- Others
- Livestock
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Oncology
- Cardiology
- Neurology
- Orthopedics
- Others
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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