Research Nester published a report titled “Veterinary Imaging Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global veterinary imaging market in terms of market segmentation by product type, animal type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global veterinary imaging market to grow with a CAGR of ~11% over the forecast period, i.e., 2022 - 2031. The market is segmented by application segment into cardiology, orthopedics, traumatology, neurology, oncology, and others. Amongst these, the oncology segment is anticipated to grow at the highest rate during the forecast period backed by the growing tendency in people to deliver best health treatment to their loved pets, and growing occurrence of several kind of cancer in animals.
The global veterinary imaging market is projected to extensively grow owing to the increasing prevalence in zoonotic disorders, followed by the huge progression in veterinary science through which the clinical diagnosis of animals has become more easy and advanced. Furthermore, worldwide increase in pet insurance, and an upsurge in livestock population are some of the major factors anticipated to drive the growth of the market in the forecast period.
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Regionally, the global veterinary imaging market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the rising disposable income, implementation of advanced veterinary imaging devices, and massively growing adoption of companion animals in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Significant Advancement in Veterinary Science to Drive the Market Growth
According to research, veterinarians are now able to gather more detailed data and provide a more precise diagnosis coupled with the availability of 3D images in ultrasound and MRI scans. The technology and image format also facilitate information sharing with customers, experts, or reference sources.
The increasing occurrence of several kind of diseases are a threat for animals. Numerous type of cancer has been taking the lives of dogs in their very early age. Therefore, to provide a best and lifesaving treatment via deploying advanced devices is utmost important. Numerous advancements have been made in the veterinary field, particularly in the area of clinical diagnosis. Since big data and IoMT have been incorporated, clinical diagnosis of animals is being performed without any difficulty. Today's veterinary imaging is more accurate and precise, and it greatly aids in providing proper care in emergency situations as well. In this way, increasing advancement in veterinary science is fueling up the global veterinary imaging market growth.
However, deficit of skilled veterinarians, extreme price of veterinary imaging systems, and deficit of sentience associated with animal healthcare in emerging countries are expected to operate as key restraint to the growth of global veterinary imaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global veterinary imaging market which includes company profiling of Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens Aktiengesellschaft, Konica Minolta, Inc., IDEXX Laboratories, Inc., Heska Corporation, Carestream Health, Inc., IMV imaging (UK) Ltd, Hallmarq Veterinary Imaging Ltd, Universal Medical Systems, Inc., MinXray, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global veterinary imaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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