Global Portable Veterinary X-ray System Market Is Likely to Experience a Tremendous Growth by 2028

The global portable veterinary x-ray system market is anticipated to grow at a CAGR of 5.98% during the forecast period (2022-2028). A veterinary X-ray machine is one that has been specifically constructed for use on animals. It offers high-quality radiographs that are used to diagnose or discover a problem in the pet's body, as well as to determine the source and degree of the condition. One of the major factors driving the growth and demand of the portable veterinary x-ray market is the rising need for pet insurance, which is accompanied by rising animal health spending. Furthermore, throughout the projection period, the rapid growth in the number of veterinary practitioners and rising income levels in emerged economies are both contributing to the global market's growth. According to the American Veterinary Medical Association (AVMA) report of 2018 on the market for veterinary services, the number of veterinarians in the US has increased by almost 32% in the last decade, from 83,730 in 2007 to 110,531 in 2017.
Moreover, pet owners can opt for effective treatment for their pets with the help of pet health insurance policies, and the rising demand for more effective therapy for pets will further accelerate the expansion of the portable veterinary x-ray market, as well as offer significant growth opportunities for the market in the forecast period. Due to the result of the pandemic's difficulties, pet owners are becoming more conscious of the importance of purchasing pet insurance coverage to mitigate financial risk. Pet ownership is expected to increase in 2020, according to a survey done by Petplan, the most popular pets were dogs and cats, in that order. During the COVID-19 pandemic, around 47% of respondents purchased pets for the first time, while approximately 26% of pet owners in the UK purchased a pet.

The portable veterinary x-ray market is extremely competitive, with a number of major competitors competing for dominance. The competition is being increased by the presence of significant market players such as Fujifilm Holdings America Corp., Siemens Medical Solutions USA Inc., Konica Minolta Healthcare Americas Inc., DRE Veterinary, General Electric Co. Additionally, to keep up with the growing competitive market, industry competitors are employing methods such as increased R&D investments, mergers, acquisitions, and product developments. For instance, in February 2021, Fujifilm Holdings America Corp. introduces the VXR Veterinary X-Ray Room which is a veterinary imaging-specific digital radiography system. This new X-ray room's novel design is aimed at veterinarians who want to switch to high-quality, low-dose X-rays using an economical, versatile, easy-to-use, and easy-to-install system.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- DRE Veterinary, Fujifilm Holdings America Corp., General Electric Co., Konica Minolta Healthcare Americas, Inc., Siemens Medical Solutions USA, Inc., among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Portable Veterinary X-raySystem Market Report by Segment

By Type
• Digital
• Analog

By Application
• Hospital & Clinic
• Research institution

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This release was published on openPR.