The global Veterinary imaging market was valued at USD 1.8 billion in 2021 and it is anticipated to grow up to USD 3.5 billion by 2031, at a CAGR of 6.8% during the forecast period.
Veterinary imaging is a branch of veterinary medicine that obtains medical images of animals to aid in disease diagnosis. Radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and other imaging systems are used to diagnose diseases in companion animals, large animals, livestock animals, and others.
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Market Trends and Drivers
Globally, there is increase in the overall companion animal population and adoption rate. Having a companion animal is associated with positive health benefits such as reduced cardiac arrhythmias, normalised blood pressure, reduced anxiety, increased psychological stability, and improved well-being, according to several studies. Due to the COVID-19 pandemic’s loneliness and need for companionship, the ownership of companion animals has increased significantly. The growing pet population is expected to fuel demand for pet care products and services, supporting the growth of dependent industries such as the veterinary imaging market.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Veterinary Imaging Market Segmentation
By Product Type
- Instrument
- Reagents
- Others
By Animal Type
- Companion Animals
- Large Animals
- Others
By Application
- Orthopedics & Traumatology
- Oncology
- Cardiology
- Neurology
- Others
By End-use
- Clinics & Hospitals
- Reference Labs
- Other
Major Players in the Global Veterinary Imaging Market
The key players in the market are GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.A (Italy), IDEXX Laboratories, Inc. (US), Mindray Medical International Limited (China), Canon Inc. (Japan), Heska Corporation (US), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Konica Minolta Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), E.I. Medical Imaging (US), IMV imaging (UK), and SEDECAL (Spain) among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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