The Global Veterinary Imaging Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Veterinary Imaging industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Veterinary Imaging market along with crucial statistical data about the Veterinary Imaging market. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Veterinary Imaging industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Veterinary Imaging industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Veterinary Imaging industry.
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
Radical Highlights of the Veterinary Imaging Market Report:
- Comprehensive overview of the Veterinary Imaging market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Veterinary Imaging market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Major Geographies Analyzed in the Report:
- 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
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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
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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