Press release
Veterinary Imaging Equipment Market: Trends, Demand Segmentation, and Market Outlook for 2024-2033 - Assessing Market Landscape
Veterinary Imaging Equipment Market
The Business Research Company presents an extensive market research report on the Veterinary Imaging Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The veterinary imaging equipment market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rise in pet ownership, prevalence of veterinary diseases, expansion of veterinary services, increase in animal health expenditure, awareness and education.
The veterinary imaging equipment market size is expected to see strong growth in the next few years. It will grow to $2.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising demand for specialty veterinary services, telemedicine and remote imaging, globalization of veterinary services, focus on preventive care, growing research in veterinary imaging. Major trends in the forecast period include advancements in imaging technologies, growing focus on point-of-care imaging, integration of artificial intelligence (ai), specialized imaging for exotic animals, telemedicine and remote imaging consultations.
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Key Market Players:
Major companies operating in the veterinary imaging equipment market report are Hitachi Ltd., Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., Fujifilm Holdings Corporation, Becton Dickinson and Company, B. Braun SE, VCA Inc., Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, Smiths Medical Inc., IDEXX Laboratories Inc., Agfa-Gevaert N.V., Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Heska Corp., Sedecal USA Inc., Kaixin Electric Co. Ltd., Chison Medical Imaging Co.Ltd., Digicare Biomedical Technology Inc., DRE Veterinary Inc., Vetland Medical Sales and Services LLC, Hallmarq Veterinary Imaging Ltd., MinXray Inc., Excelsior Union Limited, Diagnostic Imaging Systems Inc., BCF Technology Ltd., Vetronic Services Ltd.
Market Drivers:
The rising livestock population is anticipated to boost the demand for veterinary imaging equipment market. The surge in the livestock population and associated diseases is expected to drive the demand for veterinary medical equipment, including veterinary imaging equipment, to diagnose and treat various diseases in animals. For instance, according to the Food and Agriculture Organization of the United Nations, the global cattle population is projected to increase to 2.6 billion by 2050 and the global population of goats and sheep is predicted to reach 2.7 billion by the end of 2050. Consequently, growth in the livestock population is expected to trigger the demand for veterinary imaging equipment in the forecast period.
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https://www.thebusinessresearchcompany.com/report/veterinary-imaging-equipment-global-market-report
The veterinary imaging equipment market covered in this report is segmented -
1) By Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types
2) By Animal Type: Small Companion Animals, Large Animals, Other Animal Types
3) By Modality: Portable, Stationery
4) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications
5) By End User: Veterinary Hospitals, Veterinary Clinics, Academic and Research Organizations, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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