Veterinary Imaging Market Report Size, Share, Development, Growth and Demand Forecast to 2024
The new report “Global Veterinary Imaging Market” accounted to USD 1.12 billion in 2016 growing at a CAGR of 6.7% during the forecast period of 2017 to 2024.
Global Veterinary Imaging Market By Product Type {Instruments (Thermal Imaging System, Radiography Systems, Ultrasound Systems, CT systems, MRI systems, Video Endoscopy Systems, and Other Imaging Systems), Reagents (Ultrasound Contrast Reagents, MRI Contrast Reagents, Nuclear Imaging Contrast Reagents, X-Ray/CT Contrast Reagents), Veterinary PACS (Veterinary RIS PACS, Veterinary CVIS PACS), Software}; Diagnostic Tests (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Hematology Analyzers, Clinical Chemistry, Others); Therapeutic Area (Orthopedics & Traumatology, Oncology, Cardiology, Neurology, and Other therapeutic areas); Animal {Small Companion Animals (Dogs, Cats, Horse, Others), Farm Animals (Cattle, Swine, Poultry, Fish, Sheep), Others}; End-User (Hospitals, Clinics, Academic Centers); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Veterinary imaging is a noninvasive technique for diagnosis of diseases using electromagnetic radiation or sound waves in small, large, exotic, avian, zoo, and other animals.
Major market drivers and restraints:
- Increasing population of livestock animals
- Growing awareness towards animal welfare
- Increased demand of dairy & meat products
- Increased R&D for veterinary imaging products & services
- High initial costs for installing the equipments
- Increased cost in maintain pets and livestock production
Market Segmentation:
By product type, the market for veterinary imaging is segmented into instruments, reagents, veterinary PACS, and software. The instruments segment is further sub-segmented into thermal imaging system, radiography systems, ultrasound systems, CT systems, MRI systems, video endoscopy systems, and other imaging systems. The reagents segment is sub-segmented into ultrasound contrast reagents, MRI contrast reagents, nuclear imaging contrast reagents, X-Ray/CT contrast reagents, and veterinary PACS is sub-segmented into veterinary RIS PACS, veterinary CVIS PACS.
By diagnostics tests, the veterinary imaging market is segmented into immunodiagnostic tests, molecular diagnostics, diagnostic imaging, hematology analyzers, clinical chemistry, others. On the basis of therapeutic area the market is segmented into orthopedics & traumatology, oncology, cardiology, neurology, and other therapeutic areas.
By animal type, the market for veterinary imaging is segmented into small companion animals, farm animals, and others. The small companion animal segment is sub-segmented into dogs, cats, horse and others while farm animals segment is sub-segmented into cattle, swine, poultry, fish, and sheep.
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On the basis of end-users the veterinary imaging market is segmented into hospitals, clinics, and academic centers.
On the basis of geography, veterinary imaging market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
The global veterinary imaging market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary imaging market for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors:
Some of the major players operating in veterinary imaging market are Idexx Laboratories, Inc., Agfa-Gevaert N.V., MinXray Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd. , Onex Corporation, Esaote SpA,., GE Healthcare, VCA Inc., Hitachi, Ltd., Siemens AG, , BCF Technology, Diagnostic Imaging, Inc., Canon Inc, Hallmarq Veterinary Imaging Ltd., , Neurologica Corporation, , E.I. Medical Imaging, Heska Corporation, ALLPRO Imaging, and Flir Systems, Inc. among others.
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