Veterinary Imaging Market – 2019-2026
Market Overview: Veterinary Imaging Industry
The global veterinary imaging market size was valued at USD 1.86 billion of every 2016 and is relied upon to develop at a CAGR of 6.6% during the figure time frame. Increase popular for veterinary diagnostics is required to fuel the interest as these devices are primarily utilized for maladies finding.
The market for veterinary diagnostic imaging is expected to grow over the forecast period owing to the significant rise in the adoption of animals, including dogs and cats as the favorite companions of human beings, as well as cattle and swine for various commercial purposes. The developed countries have the leading position in companion animal-ownership, owing to several factors, like favorable economic condition, among others. As reported in 2017, by the ASPCA (American Society for the Prevention of Cruelty to Animals), every year, around 6.5 million companion animals enter animal shelters nationwide. In the United States, out of those animals, approximately 3.3 million are dogs and 3.2 million are cats. ASPCA also estimated that 3.2 million shelter animals are adopted as pets each year; among which, around 1.6 million are dogs and the rest 1.6 million are cats. The emerging markets, such as China and India, are also experiencing fast growth in animal adoption, along with general awareness about animal health. The large livestock population in India is one of the key factor which is contributing to this market’s growth. The rise in both companion and livestock animal adoption, along with the increased animal health expenditure, indirectly generates a rise in demand for proper diagnostic imaging for various diseases that can affect these animals, which is further expected to propel the market’s growth over the forecast period.
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Top Key Players:
GE Healthcare
Agfa- Gevaert
Excelsior Union Limited
Onex Corporation
Esaote
Canon
IDEXX Laboratories
VCA
Hitachi
BCF Technology
Siemens
Diagnostic Imaging Systems
Hallmarq Veterinary Imaging
MinXray
Fujifilm Holdings Corporation
Developing consumption on animal health and pet protection are relied upon to contribute to increasing interest. Moreover, developing companion animal fragment because of high appropriation of pets and an increase in the number of vet practitioners around the globe are relied upon to propel the interest for these frameworks over the following years.
Increase in incidence of zoonotic illnesses requests exact and compelling symptomatic tools, which is required to fuel the business development. Interest for viable solutions to improve livestock efficiency in developing economies is relied upon to drive the selection in coming years
The upsurge in the population of livestock, intense interest for dairy and meat products, ascend in the reception of pets, and increase in mindfulness among pet proprietors for better treatment choices for their pets are a portion of the elements foreseen to contribute to the development of the veterinary imaging market over the conjecture time frame.
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Key Market Trends | Growth | Share | Sale | Revenue | Manufactures | Technology Component
The instruments fragment accounted for the largest market share because of their developing interest. Imaging instruments are fundamental devices required inferable from which reception of these instruments is relied upon to increase over the gauge time frame. These instruments help in the identification of infections, cracks, and hemorrhages in animals. The interest in these instruments is foreseen to increase inferable from their increased affectability and low cost of activities.
Radiography frameworks held a predominant offer starting in 2016. Vet practitioners look for digital radiography frameworks for whole-body imaging. Increasing mindfulness about dental consideration increases the interest for a redid digital scanner for taking high-resolution dental images, which is foreseen to fuel the development.
Digital hardware has numerous advantages over traditional radiography X-beam frameworks as they help in lessening labor cost, time, and increasing net revenues of market players. These related advantages are ascribing toward its higher interest.
Veterinary Picture Archiving and Communication System (PACS) are foreseen to observe lucrative CAGR attributable to the high appropriation of these frameworks in clinical settings. Increasing interest for frameworks with image sharing and data storage capabilities is contributing toward the section share. To address imaging issues of veterinarians, companies are concentrating on the development of cutting edge undertaking image seeing solutions.
The small companion animals portion commanded in 2016 because of increased appropriation of pets as there has been increasing proof of people getting constructive health profits by their pets. Developing companion proprietorship has increased the interest for highly precise and successful symptomatic solutions, which is relied upon to propel the interest for imaging frameworks in the coming years.
According to the American Pet Products Association, in 2016, approximately 35% of the households in the U.S. had felines and 44% had hounds. Around 85.8 million felines and 78 million mutts are claimed in the U.S. alone and this number is foreseen to increase over the figure time frame. Also, the increase in willingness to pay for pet health and availability of cost-compelling indicative solutions are variables contributing to the predominance of this portion.
The large animal section is relied upon to observe enduring development as the interest for indicative imaging is increasing. Moreover, interest for noninvasive obtrusive analytic imaging frameworks coupled with an increase in the number of veterinary practitioners is a portion of the variables contributing to the section share.
The other section includes extraordinary animals and oceanic species. This portion held smaller offer as an appropriation of these animals is lesser as compared to different sorts. Radiography, ultrasound, and CT imaging are a portion of the significant modalities utilized in the analysis of fascinating pets. Utilization of fitting radiographic projections, radiographic gear, and film-screen combinations upgrade analytic results.
Orthopedic and traumatology applications accounted for the largest income share. Increase in wounds among animals, developing an interest for precise symptomatic solutions, and availability of animal consideration facilities are contributing to the predominance of this fragment starting at 2016.
Veterinary analytic imaging devices have wide applications in oncology. This fragment is required to observe lucrative CAGR in the coming a very long time because of an increase in prevalence in malignant growth in animals coupled with developing R&D exercises in the field of oncology. Market players are investing in research for the development of successful analytic and treatment alternatives to fix malignancy, which is propelling fragment development.
The neurology portion is foreseen to develop at a lucrative CAGR attributable to increasing incidence of common mind issue, for example, hydrocephalus, cerebrum malignant growth, ischemic infarcts (stroke), epilepsy, horrible mind wounds, and encephalitis.
Veterinary hospitals accounted for the largest income share starting in 2016. Reception of imaging devices is driven by the requirement for cost-powerful, quick, and precise demonstrative tools for animal healthcare. Headways in technologies are relied upon to drive the development of the portion. These headways include effective pet proprietor mobile technologies and cloud-based data management frameworks.
Reference laboratories are foreseen to observe lucrative CAGR. These laboratories offer comprehensive symptomatic tests for delivering effective results and consultation administrations of a specialist. Increase in collaborations between reference labs and companies for offering imaginative solutions to pet proprietors and an increase in promotional exercises for reference laboratories over the globe are a portion of the variables foreseen to propel section development.
The others section is inclusive of purpose of-care facilities and scholastic and research foundations. This portion accounted for a smaller offer, as far as income, as these facilities commonly redistribute imaging administrations to hospitals or reference laboratories. It is relied upon to observe consistent development in the coming years inferable from the increase in research exercises in veterinary medication.
The global market was commanded by developed districts, for example, North America and Europe. North American area caught almost 45% portion of the global market and is foreseen to keep up its strength over the conjecture time frame. Increase in R&D coupled with developing an interest for veterinary gear is foreseen to drive the development.
This overwhelming offer can be ascribed to the development in pet appropriation coupled with increasing healthcare consumption in the animal health section. For example, according to the American Society for the Prevention of Cruelty to Animals, pet reception rate in North America has increased at a huge rate. Asia Pacific regional market is relied upon to observe lucrative development because of rising healthcare use and increase in the enthusiasm of key players to invest in this market. Rising enthusiasm of companies to extend their essence in this area coupled with developing an interest for veterinary products is relied upon to drive the development. Likewise, increasing R&D, rising healthcare consumption in the veterinary field, and availability of low-cost animal health products are relied upon to drive the development. For example, products, for example, computed radiography and film-based radiography are available at lower costs in this locale as compared to developed districts, for example, North America and Europe. Likewise, government and nongovernment associations are taking activities to control the episode of zoonotic infections. The Asia Pacific Strategy for Emerging Diseases (APSED) was established with an expert to develop systems for the control and aversion of zoonotic maladies, which is foreseen to propel the reception. Nonetheless, low mindfulness coupled with lack of skilled veterinary professionals may hinder the development somewhat.
The market is divided in nature the same number of small and large industry members are working in this area. A portion of the significant members in this industry is IDEXX Laboratories, Inc.; GE Healthcare; Sound; Carestream Health; and FUJIFILM Holdings America Corporation. Other market players are Esaote SpA; VetZ Limited; Hallmarq Veterinary Imaging Ltd; SUNI Medical Imaging, Inc.; and Universal Medical Systems, Inc. The business is seeing competition because of developing requirement for viable demonstrative solutions in animal health diagnostics and monitoring. Development in this segment is inferable from broad item portfolio extension procedures, mergers and acquisitions, collaborative research activities, and geographical developments.
Producers are concentrating on R&D for creative technologies to pick up a competitive edge. Established players are investing in smaller companies for growing their appropriation channels and embracing techniques, for example, collaborations with local players and presentation of new products for increasing their foothold and catching a higher offer. For example, in June 2017, IDEXX Laboratories, Inc. collaborated with rVetLink, a referral management solution. This collaboration was planned to help in the extension of cloud technology products, which is foreseen to give imaginative and proficient administrations to its clients, accordingly contributing to development.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
Available Customizations:
With the given market data, We offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
- Geographic Analysis: Further breakdown of the European, Asia Pacific, and the Rest of the World segments into their respective countries for this market
- Company Information: Detailed analysis and profiling of additional market players (up to 5)
- Volume Data: Customization options for volume data (number of units sold) and customization options for volume data (number of tests)
- Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market
The report includes six parts, dealing with:
1.) Basic Information;
2.) The Asia Veterinary Imaging Speaker Market;
3.) The North American Veterinary Imaging Speaker Market;
4.) The European Veterinary Imaging Speaker Market;
5.) Market Entry And Investment Feasibility;
6.) The Report Conclusion.
Table of Content: Veterinary Imaging Market 2026
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued …
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2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
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5.The report Research estimates 2019-2025 market development trends of Orthopedic Surgical Devices industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
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