Veterinary Imaging Market Size, Future Scope, Outlook 2028| BCF Technology, Ltd., Siemens AG, Diagnostic Imaging Systems, Inc., Hallmarq Veterinary Imaging Ltd., MinXray, Inc., Excelsior Union Limited, Onex Corporation, Esaote S.p.A, Canon Inc., IDEXX Lab

Based on the region, the global veterinary imaging market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue, North America holds a dominant position in the global veterinary imaging market. The region's dominance is attributable to an increase in R&D including growing demand for veterinary imaging equipment is anticipated to drive the growth.

The Global Veterinary Imaging Market size was valued at USD 2.15 billion in 2018 and is anticipated to grow at a CAGR of 6.5% Growing expenditure on animal health and pet insurance are expected to contribute to increasing demand.
Additionally, growing companion animal segments due to the high adoption of pets and an increase in range of vet practitioners around the world are expected to propel the demand for these systems over the subsequent years.

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Key Factors Impacting the Growth of Veterinary Imaging Market:

o There is an increasing demand for pet insurance and animal health expenditure due to the high cost of pets.
o There is an increase in demand for innovations in veterinary imaging instruments due to the rise in the number of animals in the market.
o Growth in the number of veterinary practitioners & the rise in their income levels in developed economies is also expected to act as a driver to the market growth.

Segmentation for better understanding of this market and its growth prospects:

On the basis of product, the instruments segment accounted for the largest market share owing to the increase in its growing demand across the end-use applications. Imaging instruments are basic devices needed owing to which adoption of these instruments is expected to increase over the forecast amount. These instruments aid in the detection of diseases, fractures, and hemorrhages in animals. The demand for these instruments is anticipated to increase because of their increased sensitivity and low price of operations.

On the basis of animal, the small companion animals segment dominated in 2018 due to increased adoption of pets as there has been increasing evidence of humans deriving positive health advantages from their pets. Growing companion ownership has increased the demand for highly accurate and effective diagnostic solutions, which is expected to propel the demand for imaging systems in the coming years.

On the basis of end-user, the veterinary hospital's segment accounted for the largest revenue share as of 2018. The adoption of imaging devices is driven by the need for cost-effective, fast, and accurate diagnostic tools for animal healthcare. Advancements in technologies used for imaging is expected to drive the growth of the segment. These advancements include efficient pet owner mobile technologies and cloud-based information management systems.

This report provides:
1) An overview of the global market for veterinary imaging market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for the Global veterinary imaging market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in the industry.

The researchers have studied the market in depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

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Competitive Landscape

Companion animals are associated with positive health advantages, like reduced cardiac arrhythmias, normalization of blood pressure, decreased anxiety, greater psychological stability, and improved well-being. The key leading players in the market include GE Healthcare, Agfa- Gevaert N.V., Excelsior Union Limited, Onex Corporation, Esaote S.p.A, Canon Inc., IDEXX Laboratories, Inc., VCA Inc., Hitachi, Ltd, BCF Technology, Ltd., Siemens AG, Diagnostic Imaging Systems, Inc., Hallmarq Veterinary Imaging Ltd., MinXray, Inc., and Fujifilm Holdings Corporation.

This report also includes the profiles of key veterinary imaging market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Veterinary imaging Market:
=> In December 2018, August Equity acquired Hallmarq Veterinary Imaging Ltd. Hallmarq Veterinary Imaging is a global specialist in advanced diagnostics for equine and companion animals. By this acquisition, august equity is making a step in the animal health sector.
=> In October 2018, Mobius Imaging, LLC, announced that it has successfully completed a scan through Computed Tomography (CT) of a standing horse. It provides a 32-slice helical scan of the head and neck of a standing horse. It can be used for standing surgery.

Market Segmentation:
By Product
o Reagents
o Instrument
o Services
o PACS

By Animal
o Small- Companion Animal
o Large Animal

By End User
o Hospitals/ Clinics
o Reference Laboratories

By Region:
North America
o By Country (US, Canada, Mexico)
o By Product
o By Animal
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product
o By Animal
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Animal
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Animal
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Animal
o By End User

Rest of the World
o By Region (South America, Africa)
o By Product
o By Animal
o By End User

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This release was published on openPR.