The worldwide veterinary imaging market was worth USD 1.46 billion in 2019 and is expected to be worth USD 2.07 billion by 2027, growing at a 6.1% CAGR during the forecast period.
The rising frequency of veterinary disorders, more pet ownership, and increased expenditure on pet well-being are the primary drivers driving market expansion. According to a ResearchGate article, it is believed that roughly 10-15% of all dogs suffer from cardiac disease. Congenital heart disease constitutes around 5% of all canine heart disease.
The global "Veterinary Imaging Market" research discusses the current situation as well as anticipated trends and growth dynamics for the industry's key players over the coming years. The research analyses market trends, opportunities, and challenges. A new company entering the market with its Veterinary Imaging Market share is also highlighted as part of the current competitive plan. The report's main goal is to offer a suitable and strategic analysis of the Veterinary Imaging Market size.
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This study looks at recent changes as well as the current market trends for sales, supply, and demand. To paint a complete picture of the market, important factors such as drivers, constraints, and opportunities have been discussed. The report provides in-depth details on the industry laws and regulations that have been put in place in each of the geographical regions, as well as development and trend statistics. Additionally, a thorough examination of the market's overall regulatory structure has been done to give stakeholders a better knowledge of the main elements influencing the general market environment.
The research also provides a detailed study of the leading manufacturers in this market and the market's competitive landscape:
- GENERAL ELECTRIC COMPANY (Boston, United States)
- Agfa-Gevaert Group (Mortsel, Belgium)
- Esaote SpA ( Genova, Italy)
- Siemens Healthineers AG (Munich, Germany)
- Heska Corporation (Loveland, Colorado, United States)
- IDEXX Laboratories, Inc. (Westbrook, Maine, United States)
- FUJIFILM Holdings Corporation (Tokyo, Japan)
- Carestream Health (Rochester, New York, United States)
- Canon Medical Systems Corporation (Tochigi, Japan)
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Other Prominent Players
Rising Demand for Veterinary Disease Diagnosis will Drive Growth
Rising awareness of various veterinary illnesses and potential ways of early detection will drive the animal imaging market growth in the near future. Furthermore, the spread of animal diseases can have a significant impact on economies and lives. The spread of livestock illnesses may be a strain on the economies of countries that rely heavily on animals.
As a result, early diagnosis is in high demand. However, a lack of qualified and trained professionals is expected to stymie demand for veterinary imaging systems in developing countries.
Veterinary Imaging Market Analysis by Regions:
Increasing Veterinary Employment to Aid Growth in North America
Geographically, North America accounted for USD 0.70 billion in sales in 2019. The favourable reimbursement picture, expanding employment in the veterinary sector, massive expenditure on pet care, and increased adoption of companion animals in Canada and the United States are all expected to fuel expansion in this area.
Europe, on the other hand, is predicted to maintain its second position, owing to an increase in the number of veterinary clinics, increased pet adoption, enhanced healthcare infrastructure, and an increase in the prevalence of veterinary illnesses. Finally, Asia Pacific will exhibit the largest CAGR in the future years, owing to increased knowledge of all the hazards involved with zoonotic illnesses.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW).
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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The Veterinary Imaging Market Report Addresses:
- Detailed study methods for global Veterinary Imaging Market.
- A thorough examination of the macro and micro aspects affecting the market, aided by important suggestions.
- Examining how regional laws and other political initiatives affect the global Veterinary Imaging Market.
- Information on market factors that are driving the global Veterinary Imaging Market.
- Market segmentation that are extensive and detailed, with a regional distribution of expected revenues.
- Full profiles and latest developments of industry participants Companies Mentioned.
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