Over the years, the global veterinary imaging market has evolved from using diagnostic imaging instruments in human medicine to developing specialized imaging modalities for veterinary applications.
New York, December 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Veterinary Imaging Market By Product, Therapeutic Area, Animal, End User – Global Forecast to 2026” report – https: // www. reportlinker.com/p04855266/?utm_source=GNW
The increasing development of portable and battery-powered imaging instruments for point-of-care services, the increasing consolidation among veterinarians, and the growing size of veterinary companies in the veterinary imaging market are the leading trends in this market. The veterinary imaging market is projected to reach $ 2.3 billion by 2026, down from an estimated $ 1.6 billion in 2021 at a CAGR of 7.0%. This report segments the Veterinary Imaging market by product, animal type, therapeutic area, end-user, and region.
The growth of the global veterinary imaging market during the forecast period will be mainly driven by increasing animal health spending and buying pet insurance, growing pet animal market, increasing number of veterinarians and their incomes in developed regions, and increasing adoption of advanced Products. Emerging markets like India and China and the growing pet ownership in the APAC region are also factors that are expected to provide significant growth opportunities for players in the veterinary imaging market.
On the other hand, the lack of awareness of animal health, a severe shortage of qualified veterinarians and the high cost of imaging instruments in emerging markets are factors that will curb overall market growth to some extent over the forecast period.
In terms of product, the veterinary imaging instruments segment holds the largest share in the forecast period.
Depending on the product, the Veterinary Imaging market is segmented into Instruments, Reagents, and Software. In 2020, the instrument segment had the largest market share.
The large share of this segment is attributed to the high cost of imaging instruments and the increasing spread of imaging methods for diagnosing diseases in the treatment of pets and farm animals.
Veterinary imaging instruments include radiography (x-ray) imaging systems, ultrasound imaging systems, computed tomography imaging systems, magnetic resonance imaging systems, video endoscopy imaging systems, and other imaging systems.
In relation to the therapeutic area, the Orthopedics & Traumatology segment shows the highest growth in the forecast period.
Based on the Therapeutic Area, the Veterinary Imaging market is segmented into Orthopedics & Traumatology, Obstetrics & Gynecology, Oncology, Cardiology, Neurology, Dentistry, and other therapeutic areas. In 2020, the Orthopedics & Traumatology segment had the largest market share.
The high proportion of this segment is mainly due to the increasing incidence of bone injuries and the increasing prevalence of arthritis and lameness.
In terms of animal type, the small pet segment holds the largest share in the forecast period
Based on the animal type, the Veterinary Imaging market is segmented into Small Pets, Large Animals, and Other Animals. The small pet segment had the largest market share in 2020.
Much of this segment is attributed to increasing pet adoption, rising animal health spending, growing demand for pet insurance in developed countries, and the increasing frequency of pet disease outbreaks.
In terms of end consumers, the veterinary clinics and diagnostic centers segment holds the largest share in the forecast period.
The Veterinary Imaging market is segmented into Veterinary Clinics and Diagnostic Centers as well as Veterinary Clinics and Academic Institutions based on the end users. Veterinary clinics and diagnostic centers accounted for the largest market share in 2020.
The large part of this segment is attributed to the increasing number of veterinarians and the growing number of private practices worldwide.
APAC is expected to grow at the highest rate of growth in 2020
The Asia-Pacific region is expected to experience the highest CAGR over the forecast period. The increasing adoption of pets, increasing awareness of animal health, and increasing per capita spending on animal health, particularly in India and China, are all contributing to the growth of the veterinary imaging market in APAC.
Major Players in the Veterinary Imaging Market
The major players in the veterinary imaging market are GE Healthcare (USA), Agfa-Gevaert NV (Belgium), Carestream Health (USA), Esaote SpA (Italy), IDEXX Laboratories, Inc. (USA), Mindray Medical International Limited ( China), Canon Inc. (Japan), Heska Corporation (USA), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Konica Minolta Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), EI Medical Imaging (USA), IMV Imaging (UK), SEDECAL (Spain). Other players in the veterinary imaging market include Clarius Mobile Health (Canada), Shenzhen Ricso Technology Co. Ltd. (China), DRAMI? SKI SA (Poland), Epica Animal Health (USA) and ClearVet Digital Radiography Systems (USA). MinXray Inc. (USA), Hallmarq Veterinary Imaging (UK), Shantou Institute of Ultrasonic Instruments Co., Ltd (China), Sonoscape Medical Corp. (China) and Reproscan (USA).
The report analyzes the Veterinary Imaging market aiming to estimate the market size and future growth potential of this market based on different segments such as product type, therapy area, animal type, end-user, and region. The report also includes a product portfolio matrix of various veterinary imaging products available in the market.
The report also includes a competitive analysis of the key players in this market along with their company profiles, product offerings, and key market strategies.
Reasons to Buy the Report
The report will enrich established companies as well as new entrants / smaller companies to keep the pulse of the market which in turn would help them gain larger market share. Companies that purchase the report can use one or a combination of the strategies listed below to help strengthen their position in the marketplace.
This report provides insights into the following notices:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the global veterinary imaging market. The report analyzes this market by product type, therapy area, animal type, end-user, and region
• Product Improvement / Innovation: In-depth insight into upcoming trends and product launches in the global Veterinary Imaging Market
• Market development: Comprehensive information on the lucrative emerging markets by product type, therapeutic area, animal species, end consumer and region
• Market Diversification: Comprehensive information on new products or product enhancements, growing regions, recent developments, and investments in the global Veterinary Imaging Market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, mapping of competitive leadership, and skills of leading players in the global Veterinary Imaging market.
Read the full report: https://www.reportlinker.com/p04855266/?utm_source=GNW
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