Increasing awareness about zoonotic diseases has led to a shift towards making animal healthcare accessible all around the world. The growth of animal healthcare has intensified the need for advanced global medical equipment supplies which is likely to generate demand for veterinary imaging devices.
According to an assessment offered by Market Research Future (MRFR), the global veterinary imaging market trends is expected to grow from USD 1.24 Bn in 2017 to USD 1.85 Bn by the close of 2023. The market is anticipated to strike a CAGR of 6.90% during the review period.
The growth of pet healthcare sector is projected to reflect on the expansion of the veterinary imaging market in the years to come. The increasing rate of pet adoption in conjunction with the ongoing trend of animal companionship is expected to propel the proliferation of the market over the next couple of years. In addition, global economic development is supporting the growth pattern of the market by increasing the per capita income of the masses. It is anticipated to act as the growth catalyst for the veterinary imaging market across the review period.
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Market Segmentation
- By product
- By animal type
- By therapeutic area
- By end-user
Veterinary Imaging Market Players
- Heska Corporation,
- Fujifilm Holding Corporation,
- Idexx Laboratory Inc,
- Canon,
- Carestream Health,
- Hallmarq Veterinary Imaging Ltd.
among others are some key companies in the global Veterinary Imaging that are listed by MRFR for market research.
Regional Analysis
The global veterinary imaging market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East Africa. Americas hold the most significant share of the market and is expected to retain its dominance over the assessment period. Increasing inclusion of technological advancements in the pet healthcare industry is projected to drive the growth of the veterinary imaging market in the region. Europe is likely to maintain its second spot and flourish in developed country-level markets such as Germany and France. Meanwhile, the most rapid pace of development is anticipated to be exhibited by Asia Pacific. The ongoing trend of nuclear families, coupled with rising pet adoption, is projected to expedite the growth of the regional veterinary imaging market over the next couple of years.
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1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 23
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 25
4.2.1 Increasing Incidence Of Zoonotic Diseases 25
4.2.2 Increasing Expenditure On Pet Insurance 25
4.2.3 Technological Advancements In Veterinary Imaging 26
4.3 Restraints 27
4.3.1 High Procedure Cost 27
4.3.2 Lack Of Skilled Veterinarians 27
4.4 Opportunities 28
4.4.1 Innovations In Veterinary Imaging Instruments 28
4.5 Mega Trends 28
4.6 Macroeconomic Indicators 28
TOC Contiued...
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