Global Veterinary Imaging Market is valued approximately USD 1.52 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2020-2025.
Latest research report on Veterinary Imaging Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
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Market Analysis of Veterinary Imaging –
Veterinary Imaging is a technique to determine medical images of animal bodies for the diagnosis of chronic disease. This technique is non-invasive and is evolved with help of diagnostic imaging instruments from human medicine. The veterinary imaging market is being driven due to the growing demand for diagnostic instruments for the appropriate care of small pets such as cats and dogs. The imaging helps in detection of sinus/nasal diseases.
The practice of veterinary imaging instruments also abolishes the use of film, darkroom, film jackets and photo processing supplies which decreases the cost of diagnosis. Moreover, the growing concept of pet animal insurance services in the developed regions such as Europe and North America and overall growing animal health expenditure is driving the market for veterinary imaging instruments. For Instance: As per the North American Pet Health Insurance Association (NAPHIA) the pet health insurance sector in USA and Canada reported a gross premium of USD 1.42 billion in 2018 an increase from USD 1.15 premium in 2017. Also, the total number of Pets insured in the North American reached 2.82 million in 2019 an increase from 2.43 million in 2018. However, high cost of veterinary imaging instruments impedes the growth of the market over the forecast period of 2020-2027. Although, untapped emerging markets such as UAE, China presents a lucrative opportunity for the market.
The regional analysis of global Veterinary Imaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing expenditure on pets and rising trend of pet insurances in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising pet population would create lucrative growth prospects for the Veterinary Imaging market across Asia-Pacific region.
Major market player included in this report are:
Carestream Health, Inc.
IDEXX Laboratories, Inc.
Mindray Medical International Limited
FUJIFILM Holdings Corporation
The detailed segments and sub-segment of the market are explained below:
Ultrasound (2D, Doppler, 3D)
X-ray (CR, DR)
MRI (Magnetic Resonance Imaging)
CT (Computed Tomography)
By Therapeutic Area:
Other Therapeutic Areas
By End User:
Table of Content :
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Veterinary Imaging Market, by Region, 2018-2027 (USD Billion)
1.2.2. Veterinary Imaging Market, by Product, 2018-2027 (USD Billion)
1.2.3. Veterinary Imaging Market, by Therapeutic Area, 2018-2027 (USD Billion)
1.2.4. Veterinary Imaging Market, by Animal, 2018-2027 (USD Billion)
1.2.5. Veterinary Imaging Market, by End-use Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Veterinary Imaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Veterinary Imaging Market Dynamics
3.1. Veterinary Imaging Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Veterinary Imaging Market Industry Analysis
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