Global Veterinary Imaging Market

Veterinary Imaging Market

Global Veterinary Imaging Market Overview

The global veterinary imaging market was worth around USD 1,529.50 mn in 2021 and is estimated to grow to about USD 2269.74 mn by 2028- Zion Market Research

SUITE N202, NEW YORK, UNITED STATE, October 5, 2022 /EINPresswire.com/ -- The global veterinary imaging market is segregated based on animal type, product type, therapeutic area, end user, and region. Based on End-user, the veterinary imaging market is segmented into Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals, and Academic Institutions. The veterinary clinic's segment is expected to hold a dominant outlook over the forecast period owing to the rising number of veterinary clinics being established across the world. The veterinary hospital segment is also expected to see a steady increase in demand in the global veterinary imaging market landscape. Key players functioning in the global veterinary imaging market include GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.A (Italy), IDEXX Laboratories, Inc. (US), Mindray Medical International Limited (China), Canon Inc. (Japan), Heska Corporation (US), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Konica Minolta Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), E.I. Medical Imaging (US), IMV imaging (UK), SEDECAL (Spain), Clarius Mobile Health (Canada), Shenzhen Ricso Technology Co. Ltd. (China), DRAMIÑSKI S.A. (Poland), Epica Animal Health (US), and ClearVet Digital Radiography Systems (US), MinXray Inc. (US), Hallmarq Veterinary Imaging (UK), Shantou Institute of Ultrasonic Instruments Co., Ltd (China), Sonoscape Medical Corp. (China), and Reproscan (US).

North America region is expected to hold a dominant outlook in the global veterinary imaging industry landscape. An increasing number of companion animals, rising focus on veterinary care, increasing pet ownership, presence of key veterinary imaging equipment manufacturers, and supportive government initiatives to boost awareness about animal health are some of the major factors propelling the veterinary imaging market landscape in this region over the forecast period.

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The global veterinary imaging market was worth around USD 1,529.50 million in 2021 and is estimated to grow to about USD 2269.74 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.8 percent over the forecast period. The report analyzes the veterinary imaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the veterinary imaging market.

Browse the full “Veterinary imaging Market By Animal Type (Small Companion Animals, Large Animals, Other Animals), By Product Type (Veterinary Imaging Instruments, Radiography (X-RAY), Computed Radiography Systems, Direct Radiography Systems, Film-based Radiography Systems, Ultrasound Imaging Systems, 2D Ultrasound Imaging Systems, 3D/4D Ultrasound Imaging Systems, Doppler Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Stationary Multi-slice Computed Tomography Systems, Portable Computed Tomography Systems, Video Endoscopy Imaging Systems, Magnetic Resonance Imaging Systems, Other Imaging Systems, Veterinary Imaging Reagents, X-RAY and CT Contrast Reagents, MRI Contrast Reagents, Ultrasound Contrast Reagents, Veterinary Imaging Software), By Therapeutic Area (Orthopedics & Traumatology, Obstetrics & Gynecology, Oncology, Cardiology, Neurology, Dentistry, Other Therapeutic Areas) By End-user (Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals and Academic Institutions), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/veterinary-imaging-market

Recent developments:

In September 2021, Canon Inc. a leading optics company based in japan announced the signing of an agreement with Redlen Technologies Inc to make it a Canon-owned firm. This will advance the imaging and radiation detection business of Canon and will help in advancing its veterinary imaging product portfolio as well.

Veterinary Imaging Market: Growth Drivers

Increasing Number of Companion animals

Companion animals have seen a major boom in popularity in the past few years and this trend is expected to majorly propel the veterinary imaging market potential over the forecast period as well. Positive health benefits of having a companion animal such as reduced cardiac arrhythmias, normalized blood pressure, and decreased anxiety are major factors that have boosted the companion animal population across the world and the need for their healthcare as well. This is subsequently driving the veterinary imaging market potential over the forecast period through 2028.

Veterinary imaging is crucial in the diagnostic and treatment of multiple veterinary conditions and this is expected to be the prime factor driving veterinary imaging market potential through 2028. The increasing number of companion animals and increasing pet ownership will further cement the veterinary imaging market stance in the coming years.

Government initiatives to promote veterinary health and increasing research and development in the veterinary imaging market are expected to further boost the veterinary imaging market potential over the forecast period. The rising popularity of benefits offered by companion animals and increasing recommendations by medical professionals will further boost the demand for pet care.

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Key Stakeholders

Veterinary Imaging Manufacturers
Distributors/Traders/Wholesalers
Subcomponent Manufacturers
Industry Association
Downstream Vendors

Key questions answered in this report

What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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The study objectives of this report are:-

To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To analyze and study the Veterinary Imaging capacity, production, value, consumption, and forecast (2022-2028)
Focuses on the global key manufacturers to describe and analyze the market competition landscape with SWOT analysis.
To define, describe and forecast the market by type, application, and region.
To analyze the global key regions market potential and advantages, opportunities, challenges, restraints, and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Varsharani Lavate
Zion Market Research
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varsha.l@marketresearchstore.com
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