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– Increased adoption of digital technologies for viewing and examining x-rays of animals by veterinarians to provide extensive growth opportunities in the veterinary x-ray system market
– The consumption of meat and dairy products is increasing rapidly, which should boost the market for veterinary x-ray systems
ALBANY, NY, August 18, 2021 / PRNewswire / – The increasing adoption of pets, increasing spending on animal health, and the introduction of novel products in radiography for better diagnosis are some key factors that will determine the growth trajectory of the Veterinary Radiography Systems Market over the forecast period 2019-2027.
Technological advances have changed the veterinary sector. The increasing number of pet adoptions leads to an increase in visits to veterinarians. To enable rapid treatment solutions and diagnosis, many imaging technologies have been developed, including the veterinary radiography system.
X-rays, or x-ray exams, are used to diagnose various diseases. The use of radiography systems is also gaining popularity in the detection of animal diseases, increasing the need for veterinary radiography systems. These aspects ensure positive growth in the market for veterinary radiography systems.
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Transparency Market Research (TMR) has conducted an extensive study of various factors associated with the growth of the Veterinary Radiography Systems market. The TMR experts predict that the market for veterinary radiography systems will grow at a CAGR of 6.2% in the forecast period 2019-2027. The world market for veterinary radiography systems stood by $ 478.1 million in 2018 and is expected to reach US $ 817.7 million by 2027.
Although veterinary clinics make up a significant portion of the demand cycle of the veterinary radiography systems market, manufacturers are also focused on meeting the needs of small office veterinarians. The players in the Veterinary Radiography Systems market are focused on developing low cost X-ray imaging systems to expand their customer base of small physicians. These aspects help improve the growth prospects of the veterinary radiography systems market.
The story goes on
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Digital X-ray imaging offers profitable growth opportunities
Digital x-ray imaging systems are viable alternatives to analog x-ray imaging systems. While analog x-ray imaging allows viewing from a light box, digital x-ray imaging systems use a laptop or monitor. The digitalization trend has made its way into many industries and companies, including the veterinary radiography systems market. Modern digital technologies such as digital x-ray imaging are gaining in importance because of their environmentally friendly properties and their high quality imaging aspect. Thus, digital veterinary radiography systems are expected to experience significant growth in the near future.
Integration of third party veterinary management software with veterinary radiography systems to drive market expansion
The integration of veterinary x-ray systems, especially digital systems, with veterinary management software will offer medical staff great convenience. They help to save time and minimize the administrative burden. The integration possibility ultimately helps to increase the income of the players. These factors are likely to fuel the growth of the veterinary radiography systems market.
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Computed radiography (CR) systems are becoming increasingly important in the veterinary radiography systems market
The demand for computed radiography (CR) systems has increased significantly over the years. Compact and fast benchtop devices are being developed by vendors in the veterinary radiography system market to provide improved portability for users. The introduction of affordable computed radiography systems will also contribute to market growth. The overwhelming demand for these systems has made the computed radiography segment technologically dominant. Exceptional growth in the veterinary radiography systems market is expected for this technology segment.
Some established players in the Veterinary Radiography Systems market include Fujifilm Holdings America Corporation, Merry X-Ray Corporation, Midmark Corporation, and Canon, Inc.
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Global Veterinary Radiography Systems Market – Segmentation
According to technology
According to end user
The modernization of healthcare in terms of infrastructure and services has taken the healthcare industry to new heights. Stay up to date with the latest healthcare industry research reports from Transparency Market Research:
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Molecular Veterinary Diagnostics Market: The global Molecular Veterinary Diagnostics market is expected to grow at an impressive CAGR of ~ 8% over the forecast period. The increase in research and development activities, the introduction of new molecular diagnostic techniques in veterinary medicine, technological advances, the increase in the prevalence of vector-borne diseases, and the increase in pet ownership are expected to drive the market.
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SOURCE Transparency Market Research