The latest research study “Veterinary Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global veterinary imaging market reached a value of US$ 1.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.43 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Veterinary imaging is a non-invasive technique for detecting and monitoring animal diseases and injuries. It relies on nuclear medicine imaging, computed tomography (CT), magnetic resonance imaging (MRI), ultrasonography, and X-ray imaging/radiography. It helps develop a standardized database of normal anatomical, physiological, and functional parameters for clinical and research purposes. Currently, veterinary imaging is gaining immense traction across the globe due to the rising prevalence of cardiovascular diseases (CVDs) among animals.
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Veterinary Imaging Market Trends and Drivers:
The global veterinary imaging market is primarily driven by the rising pet health and insurance expenditures due to the increasing number of pet parents. Moreover, there has been widespread adoption of veterinary imaging as livestock diseases cause uncertain food security, decreased productivity, loss of income, and adverse effects on human health.
Additionally, radiography is one of the most frequently utilized imaging techniques in veterinary practices, as it helps produce images of bones, foreign objects, and large body cavities and detect fractures, cancers, injuries, infections, and abnormalities. In line with this, the rising prevalence of orthopedic disorders among dogs has catalyzed market growth.
Furthermore, the increasing focus on one health approach that recognizes that the health of humans, animals, and ecosystems are interconnected is another major growth-inducing factor. Other factors, including advancements in veterinary MRI technology, the rapid expansion of veterinary hospitals, the increasing burden of zoonotic diseases, and the rising development of portable and battery-powered imaging instruments, are also anticipated to propel the market growth.
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Global Veterinary Imaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Veterinary Imaging Companies:
Agfa-Gevaert N.V. (IG Farben), Canon Inc., Carestream Health Inc., Draminski S.A., Esaote SpA, Fujifilm holdings corp., Hallmarq Veterinary Imaging, Heska Corporation, IDEXX Laboratories Inc., IMV Technologies Group, MinXray Inc. and Siemens Healthineers AG (Siemens AG).
The report has segmented the market on the basis of region, product type, animal type, application and end user.
Breakup by Product Type:
- Instrument
- Reagents
- Others
Breakup by Animal Type:
- Small Companion Animals
- Large Animals
Breakup by Application:
- Orthopedics and Traumatology
- Oncology
- Cardiology
- Neurology
- Others
Breakup by End User:
- Hospitals and Clinics
- Reference Laboratories
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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