Press release
Veterinary Imaging Market worth $3.43 billion by 2030, growing at a CAGR of 7.35% - Exclusive Report by 360iResearch
The "Veterinary Imaging Market by Product (Instrument, Reagents, Services), Animal Type (Large Animals, Small Companion Animals), Application, End-user - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.The Global Veterinary Imaging Market to grow from USD 1.94 billion in 2022 to USD 3.43 billion by 2030, at a CAGR of 7.35%.
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Veterinary imaging involves various techniques used to visualize and diagnose animal health issues. It includes methods including X-rays, ultrasound, CT scans, MRIs, and endoscopy, which help veterinarians examine internal organs, bones, tissues, and overall health in pets and larger animals. It caters to applications in orthopedics, cardiology, oncology, and neurology, among other specialties, and is employed in different settings such as veterinary hospitals & clinics, and research institutions. The veterinary imaging market is experiencing growth due to various factors, including increased pet adoption, rising veterinary healthcare expenditure, and advancements in imaging technology. However, high costs associated with advanced imaging modalities and a shortage of veterinary professionals with the expertise to interpret complex imaging results accurately can hinder the market's potential. Furthermore, advancements in veterinary imaging instruments and government investments to improve veterinary diagnostic services are expected to offer significant growth opportunities for the veterinary imaging market.
The American region exhibits a mature veterinary imaging market owing to factors such as high pet ownership rates, advanced healthcare infrastructure, and well-established animal healthcare regulations that contribute to robust market dynamics. The EMEA countries, including Germany, France, and the UK, show significant adoption rates of veterinary imaging services fueled by stringent animal health regulations, high standards of veterinary practice, and substantial pet insurance coverage. Countries, including the UAE and Saudi Arabia, are progressively improving their animal healthcare systems, encouraging the import of high-quality veterinary imaging products. They are increasingly focused on comprehensive pet care services, which boosts market development. Moreover, the Asia-Pacific region is witnessing rapid growth due to rising pet adoption, increasing discretionary income, and expanding awareness about animal health. Countries including China, Japan, and India present a lucrative market underpinned by advanced technological infrastructure and a strong economy. There is a significant demand for high-end imaging modalities in the APAC region due to the prioritization of quality healthcare for pets. Additionally, government investments in the veterinary imaging sector from private and public sources in the APAC region aimed to improve service delivery are expected to boost the market growth.
Market Segmentation & Coverage:
This research report categorizes the Veterinary Imaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Instrument, Reagents, Services, and Software & Solutions. The Instrument is further studied across CT Imaging, Radiography X-ray, Ultrasound Imaging, and Video Endoscopy Imaging. The CT Imaging is further studied across Multi-Slice CT and Single-Slice CT. The Radiography X-ray is further studied across Computed Radiography, Direct Radiography, and Film-Based Radiography. The Ultrasound Imaging is further studied across 2-D Ultrasound Imaging, 3-D/4-D Ultrasound Imaging, and Doppler Imaging. The Reagents is further studied across MRI Contrast Regents, Nuclear Imaging, Ultrasound Contrast Regents, and X-Ray/CT Contrast Reagents. The Services is further studied across After-sales Services and Installation & Integration Services. The Instrument commanded largest market share of 57.45% in 2022, followed by Reagents.
Based on Animal Type, market is studied across Large Animals and Small Companion Animals. The Large Animals commanded largest market share of 62.85% in 2022, followed by Small Companion Animals.
Based on Application, market is studied across Cardiology, Neurology, Oncology, and Orthopedics & Traumatology. The Cardiology commanded largest market share of 38.25% in 2022, followed by Orthopedics & Traumatology.
Based on End-user, market is studied across Academic Institutions and Veterinary Clinics & Diagnostic Centers. The Veterinary Clinics & Diagnostic Centers commanded largest market share of 79.50% in 2022, followed by Academic Institutions.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.57% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Veterinary Imaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Veterinary Imaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Veterinary Imaging Market, highlighting leading vendors and their innovative profiles. These include Agfa-Gevaert Group, Antech Diagnostics, Inc., BMV MEDTECH GROUP CO., LTD, Canon Inc., Carestream Health, Inc., CHISON Medical Technologies Co., Ltd., Clarius Mobile Health Corp., Covetrus, Inc., Dentalaire, International, DRAMIŃSKI S. A., E.I. Medical Imaging, Edan Instruments, Inc., Esaote S.p.A, FUJIFILM Holdings Corporation, GE HealthCare Technologies Inc., Hallmarq Veterinary Imaging Limited, Heska Corporation by Mars, Incorporated, IDEXX Laboratories, Inc., IM3 Inc., IMV Imaging (UK) Ltd., Interson Corporation, Konica Minolta, Inc., Leltek Inc., Lepu Medical Technology(Beijing)Co.,Ltd., MinXray, Inc., Promed Technology Co., Ltd., ReproScan, Samsung Electronics Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens AG, SonoScape Medical Corp., and Xoran Technologies LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Veterinary Imaging Market, by Product
7. Veterinary Imaging Market, by Animal Type
8. Veterinary Imaging Market, by Application
9. Veterinary Imaging Market, by End-user
10. Americas Veterinary Imaging Market
11. Asia-Pacific Veterinary Imaging Market
12. Europe, Middle East & Africa Veterinary Imaging Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Veterinary Imaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Veterinary Imaging Market?
3. What is the competitive strategic window for opportunities in the Veterinary Imaging Market?
4. What are the technology trends and regulatory frameworks in the Veterinary Imaging Market?
5. What is the market share of the leading vendors in the Veterinary Imaging Market?
6. What modes and strategic moves are considered suitable for entering the Veterinary Imaging Market?
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