Global Demand for Veterinary Imaging Systems Is Anticipated to Increase At A CAGR Of 6.3% BY 2033

The demand for veterinary imaging systems is expected to grow significantly at a CAGR of 6.3%. It is anticipated that sales of veterinary imaging systems will rise from US$ 1.9 billion in 2023 to US$ 3.5 billion in 2033.

During the projection period (2023 to 2033), an increase in the prevalence of animal diseases, particularly among companion animals, is anticipated to boost demand. Sales are projected to increase as people become more aware of animal diseases and potential early detection techniques to stop epidemics.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.factmr.com/connectus/sample?flag=S&rep_id=177?pj

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• Based on the product type, the X-rays is expected to account for 60% of revenue in the global market.
• In terms of animal type, the small companion animals segment is expected to be the dominant one in the market.
• By end use, the veterinary hospitals segment is expected to account for significant share in the global market by 2033
• The United States is expected to vanguard the sales in North America veterinary imaging systems market backed by the development of AI-enhanced imaging systems.
• Japan is expected to emerge as the lucrative market in Asia Pacific on the back of favorable government initiatives to prevent the outbreak of zoonotic diseases
• Veterinary imaging systems demand in Germany is predicted to surge at a robust pace as awareness regarding tumors in pet animal's surges.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• Increasing demand for diagnostic tools for the proper maintenance of small pets such as dogs and cats is likely to boost the market.
• Growing awareness regarding the pet insurance policies coupled with advancement in technology will drive the demand.
• Advent of artificial intelligence (AI) in healthcare industry has transformed the face of veterinary care as well. With rising use of AI in diagnosing the diseases is predicted to propel the growth in the market. As per the study, x-ray systems segment is likely to account for nearly 3/5th of revenue in the market over the upcoming decade.
• Regionally, North America is expected to be the most lucrative veterinary imaging systems market. Rising adoption of advanced and digitally enhanced veterinary imaging systems is the key factor driving the growth in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Key players in the market are focusing on innovation, product launches, collaborations and partnerships, mergers, and acquisitions to gain competitive edge. Few of the leading companies are investing in research for developing advanced and are integrating AI to cater to the growing demand for non-invasive imaging systems.

𝐅𝐨𝐫 𝐢𝐧𝐬𝐭𝐚𝐧𝐜𝐞,

• In September 2021, Heska Corporation (the United States) announced that it had acquired a directing interest in Biotech Laboratories LLC, taking its global product lines and intellectual property range to new levels.

• In August 2021, Esaote entered into a strategic agreement with the Magnet Group, granting Magnet Group and its members full access to the company's operations in North America, including such goods and services. This relationship has allowed Esaote to develop its customer base and extend its reach.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Siemens Healthcare GmbH
• IDEXX Laboraties, Inc.
• Epica Animal Health
• ReproScan
• Bruker
• PerkinElmer Inc.
• MinXray, Inc.
• SonoScape Medical Corp.
• Esaote SpA

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Product :

• Ultrasound Systems
• MRI
• X-Ray Systems
• Endoscopy Devices

• By Animal Type :

• Small Companion Animals
• Large Animals

• By End Use :

• Veterinary Hospitals
• Veterinary Clinics
• Veterinary Reference Laboratories

• By Region :

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Covered in the Veterinary Imaging Systems Market Report

• What will be the demand outlook for the veterinary imaging systems market during the forecast period?
• Which are the challenges faced in the veterinary imaging systems market?
• Which region will lead the growth in the global veterinary imaging systems market?
• What is the projected market valuation of the veterinary imaging systems market in 2033?
• Which are the factors driving the veterinary imaging systems market?
• Which end use will generate the maximum revenue in the global veterinary imaging systems market?

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=177?PJ

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This release was published on openPR.