The market for veterinary imaging is projected to be worth USD 1.75 billion in 2022 and to grow at a Rate of 6.84% from 2023 to 2032. The rise in the demand for veterinary imaging has been attributed to several factors, including the increased need for prompt diagnosis of chronic conditions, increased adoption of imaging technologies in veterinary orthopaedics, dentistry, and other indications, and rising pet adoption and ownership rates. Additionally, the need for effective diagnostic tools has grown due to the increasing prevalence of zoonotic diseases, which is expected to drive market expansion. Zoonotic diseases are very common in the United States and all over the world, according to data from the National Center for Emerging and Zoonotic Infectious Diseases (NCEZID) and CDC released in July 2021. More than six out of ten known infections and three out of four emerging infections in people, according to researchers, are spread by animals.
For those seeking an in-depth examination and research of the Veterinary Imaging market, the market report is the ideal starting point. The study aims to provide useful insights on global market growth forecasts based on historical growth analysis and the current market environment. The verified information in the report is based on results from in-depth primary and secondary research. Data insights are excellent tools for fostering a deeper grasp of many facets of the global veterinary imaging market. This aids users’ developmental approach even more.
Product Insights
The X-ray segments dominated the global market in 2022 with the highest revenue share of over 30%. X-rays are one of the most commonly used diagnostic techniques in veterinary clinics as a result of a rise in the prevalence of orthopaedic diseases in animals. The various teleradiology and radiography diagnosis ideas are also covered by pet insurance. Thus, some of the factors influencing the segment’s growth include increased pet insurance adoption and increased awareness of the various radiographic imaging options for pets.
While it is expected that over the next few years, the video endoscopy market will grow at the fastest rate, or roughly 7.77%. The increased development and introduction of advanced diagnostic solutions in veterinary care are expected to considerably drive the industry during the forecast period. Major market players are also offering advanced veterinary video endoscopy to increase their competitive landscape. For example, in November 2022, OmniVision unveiled its OH02B 2-megapixel resolution image sensor for reusable and throwaway endoscopes.
This report examines all the key factors influencing growth of global Veterinary Imaging market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Veterinary Imaging Market: Major Players
GE Healthcare
MinFound Medical Systems Co. Ltd.
Fujifilm Holdings Corporation
Onex Corporation
Hallmarq Veterinary Imaging
Canon Inc.
Samsung Group
IDEXX Laboratories Inc.
Agfa-Gevaert N.V.
Siemens AG
Global Veterinary Imaging Market: Types
Instruments
Reagents
Services
Global Veterinary Imaging Market: Applications
Hospitals/Clinics
Reference Laboratories
Others
Global Veterinary Imaging Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Benefits for Stakeholders
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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