November 30, 2021
According to a research report titled ‘Global Veterinary Imaging Market 2019-2028’, available with MarketStudyReport, global veterinary imaging market is likely to grow at a CAGR of 5.8% between 2019 and 2028.
Increasing adoption of pet animals, growing R&D activities, and surge in expenditure on animal healthcare are primarily driving the global veterinary imaging market growth. Concerns about rising animal disease cases in developing nations is further boosting the demand for veterinary imaging.
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However, high costs of imaging technologies, scarcity of experienced employees, unawareness about animal health & correct care, as well as heavy expenditure of pet care may stifle the expansion of the veterinary imaging market.
On the basis of product offering, the industry is categorized into instruments (ultra-sound imaging systems, radiography systems, computed tomography imaging systems, video endoscopy imaging systems, magnetic resonance imaging systems, others), reagents, and others. Based on animal type, the market is branched into large animals, companion animals, and other.
Speaking of application spectrum, global veterinary imaging market is divided into neurology, cardiology, oncology, orthopedics & traumatology, and others. In terms of end user, the marketplace is split into veterinary laboratories, veterinary clinic & hospitals, and others.
Considering the regional landscape, the report thoroughly studies the industry trends in North America, Latin America, Middle East and Africa, Europe, and Asia-Pacific. Among these, North America held a significant market share in 2019, due to increased pet ownership, and growing disposable income of individuals.
The key players in global veterinary imaging market are IDEXX Laboratories Inc., Esaote S.p.A., General Electric Company, Fujifilm Sonosite Inc., Heska Corporation, Hallmarq Veterinary Imaging, IMV Imaging, SOUND Technologies, VetZ GmbH, MinXray Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Siemens Healthineers AG, Carestream Health, Agfa-Gevaert N.V., and Diagnostic Imaging Systems Inc.