Global Veterinary Imaging Market worth USD 3.0 billion by 2021 – Axiom MRC

“Axiom Market Research & Consulting”
Global Veterinary Imaging Market is dominated by the Americas with the largest market share and the Asia Pacific with the fastest growth rate.

New York, June 21, 2016: A latest report was published by Axiom MRC ( on GLOBAL VETERINARY IMAGING MARKET – BY PRODUCT, BY THERAPEUTIC AREA, BY TYPE OF ANIMAL & BY GEOGRAPHY. The report estimated the market size of global veterinary imaging at USD 3.0 billion in 2021. Compound annual growth rate estimated was ~7.0 % from 2016 to 2021.  

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Axiom MRC followed a mature and proven research methodology to gather, analyze and estimate the market size, market drivers, market restraints and key industry trends across various geographies. In-depth primary interviews were conducted with veterinary imaging systems manufactures, veterinary doctors, dealers, and researchers. etc. to validate and include various veterinary imaging market factors. 

Growth of the veterinary imaging market is mainly driven by the factors such as increase in animal healthcare spending along with pet insurances, growing population of companion animals, increase in the number of veterinary practitioners, rise of income levels in developed regions and rising product innovations that offer rapid and accurate results to customers. On the other hand, lack of animal healthcare awareness in emerging markets, severe shortage of skilled veterinarians, and high cost of veterinary imaging devices are some of the major factors restraining the growth of this market. 

The global veterinary imaging market studied in the report is mainly segmented on the basis of product type, therapeutic area, type of animals, and by geography. On the basis of product type the market is majorly segmented into veterinary instruments, veterinary PACS, veterinary imaging services, and veterinary imaging reagents. By therapeutic applications the market is studied for cardiology, oncology, orthopedics, traumatology, neurology and others. Geographically the veterinary imaging market is studied for four geographies namely Americas, Europe, Asia-pacific, and Middle East & Africa. 

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The major players operating in this market are GE Healthcare (U.K.), AGFA-Gevaert N.V. (Belgium), Mindray Medical International Ltd. (China), Carestream Health, Inc. (U.S.), Esaote Spa (Italy), Idexx Laboratories, Inc. (U.S.), VCA Antech, Inc. (U.S.), Diagnostic Imaging Systems, Inc. (U.S.), Hallmarq Veterinary Imaging Ltd. (U.K.), Toshiba Corporation (Japan), and Minxray Inc. (U.S.).

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