Veterinary Imaging Market
Technological advances in imaging systems, the global rise in pet ownership, and rising animal health spending are driving the growth of the global veterinary imaging market. “
– Allied market research
PORTLAND, OR, UNITED STATES, Oct. 14, 2021 /EINPresswire.com/ – Technological advances in imaging systems, the increase in pet ownership, and rising animal health spending are driving growth in the global veterinary imaging market. However, the lack of veterinary infrastructure facilities in underdeveloped countries is hindering market growth. On the other hand, unused potential in emerging countries creates new market opportunities.
Veterinary Imaging Market by Product Type (Instrument, Reagents, and Others), Animal Type (Pets, Large Animals, and Other Animals), Application (Orthopedics and Traumatology, Oncology, Cardiology, Neurology, and Other Applications), and End-User (Clinics and Hospitals, Reference Laboratories, and Others End User): Global Opportunity Analysis and Industry Forecast, 2019-2026. “According to the report, the global veterinary imaging industry generated $ 1.62 billion in 2018 and is projected to reach $ 2.65 billion by 2026, a CAGR of $ 6 .3% recorded from 2019 to 2026.
Browse Description of Report @ https://www.alliedmarketresearch.com/veterinary-imaging-market
The instrument segment should maintain its dominant position in the forecast period
Based on the product, the instrument segment held nearly two-thirds of the total market share in the global veterinary imaging market in 2018 and is expected to maintain its dominant position over the forecast period. In addition, the fastest CAGR of 7.0% is expected in this segment from 2019 to 2026. This is attributed to technologically advanced tools, increasing animal health spending in developing countries, increasing acceptance of imaging systems, and easy accessibility. On the other hand, the research also analyzes the segments including reagents and others.
The pet segment will dominate throughout the forecast period
Based on animal type, the pet segment contributed nearly two-thirds of the total share in 2018 to the largest market share in the global veterinary imaging market and is expected to continue to dominate throughout the forecast period. This is attributed to the increase in pet adoption, the increase in pet insurance purchases, and the substantial increase in the number of veterinary clinics and doctors. However, the large animals segment is expected to hold the fastest CAGR of 7.1% from 2019 to 2026. This is due to the increase in the number of large animal veterinarians, the increased adoption of cattle, and the increase in health awareness and spending on large animal welfare.
North America will hold its lion’s share over the forecast period
By region, North America held the largest market share, accounting for nearly half of the global veterinary imaging market in 2019, and will hold its lion’s share over the forecast period. This is attributed to the presence of advanced veterinary imaging facilities and experienced veterinary professionals, the availability of veterinary clinics, and the increasing demand for advanced imaging systems. However, the Asia-Pacific region is expected to have the largest CAGR of 8.1% from 2019 to 2026 due to the development of veterinary facilities, the improvement in animal health awareness, and the increase in the number of veterinary clinics and hospitals serving are equipped with advanced medical facilities
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Important market participants: –
Key players in this report include Agfa-Gevaert NV, Esaote SpA, Fujifilm Holdings corp. (Sonosite, Inc.), General Electric (GE Healthcare), IMV Technologies Group (IMV Imaging), IDEXX Laboratories, Inc., Mindray Medical International Ltd., MinXray, Inc., Siemens AG and Toshiba Corporation (Canon Medical Systems Group) .
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“We have also published some syndicated market studies in a similar area that may be of interest to you. Below is the report title for your reference considering the impact of Covid-19 on this market that will help you assess the aftermath of the pandemic on the short and long term growth trends of this market. “
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Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global corporations as well as medium and small businesses. AMR has a focused perspective to provide business insights and advice to its clients to make strategic business decisions and achieve sustainable growth in their respective market area.
Allied Market Research CEO Pawan Kumar leads the company to deliver high quality data and insights. We have professional business relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and analysts
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October 14, 2021 at 5:38 pm GMT
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