Global Veterinary Imaging Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Veterinary Imaging Market Overview
"The Veterinary Imaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Veterinary imaging, a branch of veterinary medicine, is used to obtain different medical images of animals for the diagnosis of various chronic diseases. Imaging systems including X-ray, radiography, MRI, CT imaging, endoscopy imaging, ultrasound imaging, and others are used to diagnose diseases in livestock animals, large animals, companion animals, and others. This veterinary imaging equipment is high in demand due to the increasing adoption of pets and the focus of pet owners on the health of their pets.
The key factor projected to drive the growth of the global market is the increasing demand for veterinary diagnostics. Demand for veterinary imaging has been increasing due to increasing expenditure on pet insurance and animal health. Also, demand for these veterinary imaging systems is projected to increase due to growing companion segment owing to the increase in a number of vet practitioners and high adoption of pets. Demand for effective and accurate diagnostic tools has been increasing due to growing incidence of zoonotic diseases, which is expected to drive growth of the market. Adoption of veterinary imaging is expected to increase over the forecast period due to increasing demand for different effective solutions to improve productivity of livestock in developing as well as developed economies. High demand for dairy and meat products, increasing population of livestock, increase in awareness among pet owners regarding better treatments for pets, and increase in adoption of pets are other factors expected to drive growth of the global veterinary imaging market over the forecast period
Global Veterinary Imaging Market Segment Analysis:
By Product: The instrument segment continues to account for highest revenue share in the global veterinary imaging market among other product segments, which is expected to continue over the forecast period. This can be attributed to increasing demand for these instruments. Demand for these instruments has been increasing due to their low cost of operations and increased sensitivity.
By Animal Type: The small companion animals segment among the animal type segments is expected to continue its dominance in terms of revenue share over the forecast period. This can be attributed to increasing adoption of pets.
Global Veterinary Imaging Market Regional Analysis:
The North American market is projected to dominate the global market in terms of revenue share over the forecast period. This dominance of the region is expected to continue over the forecast period. This is attributed to increase in R&D and increasing demand for veterinary imaging equipment. In addition, increasing pet adoption and expenditure on animal health are also attributed to growth of the market in the region.
Global Veterinary Imaging Market Segmentation:
- Radiography X-ray
- Direct (Capture) Radiography
- Computed Radiography
- Film-based Radiography
- Ultrasound Imaging
- 2D Ultrasound Imaging
- 3D/4D Ultrasound Imaging
- Doppler Imaging
- CT Imaging
- Multi-slice CT
- Single-slice CT
- Video Endoscopy Imaging
- Ultrasound Contrast Regents
- MRI Contrast Regents
- X-Ray/CT Contrast Reagents
- Nuclear Imaging
- Interventional Radiology & Endoscopy
- Advanced Imaging Services
- Veterinary PACS
- RIS PACS
- CVIS PACS
By Animal Type:
- Small Companion Animals
- Large Animals
- Others (Including Exotic Animals and Birds)
- Orthopedics and Traumatology
- Other (dentistry & ophthalmology)
- Reference Laboratories
- North America
- Asia Pacific
- South America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- DEXX Laboratories, Inc.
- GE Healthcare
- Carestream Health
- FUJIFILM Holdings America Corporation
- Esaote SpA
- VetZ Limited
- Hallmarq Veterinary Imaging Ltd
- SUNI Medical Imaging, Inc.
- Universal Medical Systems, Inc.
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