Veterinary Imaging Instrument Industry Trends Analysis, And Segment Forecasts, 2023 - 2030

Veterinary Imaging Instrument Industry Data Book | Forecast 2030

Veterinary Imaging Instrument Industry Data Book - Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Veterinary Imaging Instrument Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

Veterinary X-ray Market Report Highlights

The global veterinary X-ray market size is expected to reach USD 1.06 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a lucrative CAGR of 6.31% from 2023 to 2030.

·         The veterinary X-ray market was worth of USD 654.39 million in 2022 and is expected to expand at a CAGR of 6.31% during the forecast period

·         On the basis of animal type, the small animals segment accounted for the largest revenue share in 2022. This can be attributed to the increasing adoption of pet animals, the rise in animal expenditure, and high pet insurance

·         The equipment segment dominated the market with a market share of around 55% in 2022 owing to rising demand for X-ray equipment in veterinary hospitals. The PACS segment is the fastest-growing segment with a CAGR of 8.30% during the forecast period. This is due to several advantages of PACS in veterinary radiography, such as more efficiently accessing, storing, and sharing images, which creates direct and cascading advantages

·         Based on technology, the computed radiography segment held the largest market share of more than 45% in 2022. Computed radiography dominated the marketdue to higher market penetration, ease of installation, and cost-effectiveness, as well as being more rapid than film-based radiography and less expensive than direct radiography. While Direct (Capture) Radiography is anticipated to witness the fastest CAGR due to its advantages such as the potential to centrally store as well as quickly search patient images and also enable images to be shared quickly through the internet

·         On the basis of portability, the fixed segment accounted for the largest revenue share in 2022 owing to the wide usage of this equipment by veterinarians. The mobile segment is estimated to register the highest CAGR of over 6% in the coming years owing to the wide usage of such devices by veterinarians

·         Based on type, the digital segment held the largest market share in 2022 and is fasted growing segment due to its numerous advantages such as low labor costs, relatively short capture time, and huge profits for key manufacturers

·         On the basis of end-use, the veterinary clinics and hospitals segment accounted for the largest revenue share in 2022. The Key factor driving segment growth is the increasing government focus on establishing advanced, well-equipped medical infrastructure for optimal facilities

·         North America attributed to the largest share of about 42% of the market by region in 2022 owing to an increase in pet ownership together with rising animal health expenditure and high adoption of pet insurance. While Asia pacific is expected to grow at the fastest CAGR of about 8% due to rising levels of disposable income and growing awareness of animal health

 

Order your copy of the Free Sample of “Veterinary Imaging Instrument Industry Data Book - Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, published by Grand View Research

 

Veterinary MRI Market Report Highlights

The global veterinary MRI market size is expected to reach USD 360 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 7.38% from 2023 to 2030.

·         The small animal type segment held the largest revenue share in 2022. It is also expected to grow the fastest CAGR of about 7% from 2023 to 2030

·         Based on solutions, the MRI scanner segment accounted for the largest revenue share of about 40% in 2022. The software & services segment, on the other hand, is expected to grow at a notable CAGR of about 8% during the forecast period

·         Shenzhen Basda Medical Apparatus Co., Ltd is a Chinese company that develops, produces, and sells medical imaging, radiotherapy products & digital solutions for human and veterinary health. The company offers a range of products in the veterinary space including ultrasound, CT, MRI, and digital radiography equipment

·         The veterinary hospitals end-use segment dominated the market in 2022 with a share of around 50%. The veterinary clinics segment is projected to grow at the fastest CAGR of 8.28% in the coming years

·         In August 2021, Rowe Veterinary Referrals in the UK—part of IVC Evidensia Referrals network—installed a brand new 3.0T MRI scanner for diagnosing conditions more efficiently and effectively

·         North America held the largest share of about 50% in 2022. Asia Pacific, on the other hand, is expected to grow at the fastest CAGR of about 9% over the forecast period

 

Go through the table of content of Veterinary Imaging Instrument Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

 

Veterinary CT Imaging Market Report Highlights

The global veterinary CT imaging market size is expected to reach USD 640.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.03% from 2023 to 2030.

·         The veterinary CT Imaging market was valued at USD 373.03 Million in 2022. It is further projected to attain a CAGR of 7.03% during the forecast period.

·         The equipment segment is expected to dominate the market by solutions with the highest revenue share of over 45% in 2022. Several veterinary practices are now installing multi-slice CT scanners to diagnose animals of all sizes and shapes, owing to its rapid scanning process.

·         The small animal segment dominated the market by animal type in 2022 and generated the largest revenue share of over 55%. Growing pet adoption and ownership rates in developed countries have simultaneously increased the willingness of people to spend more on their pet’s healthcare.

·         The orthopedic & traumatology segment dominated the market by application in 2022 and generated the largest revenue share of over 30%. In cases of acute or chronic trauma, particularly injuries with anatomic areas such as the limb bones, or pelvis region of animals, CT scans have been considered a standard imaging method.

·         With a revenue share of over 45% in 2022, the veterinary hospitals & clinics segment dominated the market by end-use owing to their timely diagnosis, allowing patients to receive treatment as soon as possible.

·         North America dominated the global veterinary CT imaging market and registered the largest revenue share of over 38% in 2022. This is due to the region’s high per capita animal healthcare spending and a large number of pet ownership rates.

 

Competitive Landscape

Key players operating in the veterinary imaging instrument market are IDEXX Laboratories, Inc.; Canon Medical Systems Corporation; FUJIFILM Holdings America Corporation, Samsung, Heska Corporation, and Butterfly Network, Inc. Some of the major private participants in the market are Carestream Health; Midmark Corporation; ESAOTE SPA, and SOUND. These players incorporate various strategic initiatives, such as partnerships, sales & marketing activities, mergers & acquisitions, service expansion, integrated offerings, and product launches, to strengthen their market presence.

 

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About Grand View Research

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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