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Veterinary Imaging Equipment Global Market Report 2025: A Steady Growth Expected Catalyzed by Rising Livestock Population and Advanced Veterinary Imaging Technologies
Veterinary Imaging Equipment Market Size
What Is The Projected Market Size Of The Global Veterinary Imaging Equipment Global Market Report 2025 And Its Growth Rate?
A healthy trajectory in the veterinary imaging market size is expected with key statistics as follows:
•$1.99 billion in market size in 2024, which is projected to grow to $2.1 billion in 2025 indicating CAGR of 6.0%.
•The surge in pet ownership, prevalence of veterinary diseases, expansion of veterinary services, increased animal health expenditure and growing awareness are attributing to the historic growth.
•Predicted growth to $2.76 billion in 2029 with increasing CAGR of 7.0%.
•Forecasted growth can be attributed to rising demand for specialty veterinary services, telemedicine and remote imaging, globalization of veterinary services, an emphasis on preventive care, and growing research in the veterinary imaging sector.
What Is Driving The Growth In The Veterinary Imaging Equipment Global Market Report 2025?
The surge in livestock population and associated veterinary diseases has been identified as a significant driver for the demand in veterinary imaging equipment market. United Nations' Food and Agriculture Organization projects the global cattle population to rise to 2.6 billion and the global population of goats and sheep to reach 2.7 billion by the end of 2050. This growth is expected to ignite the demand for veterinary imaging equipment in the foreseeable future.
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Who Are the Key Players Driving Veterinary Imaging Equipment Global Market Report 2025 Growth?
The veterinary imaging industry is dominated by major companies which include:
•Siemens AG
•General Electric Healthcare
•Canon Inc.
•Toshiba Corp.
•Fujifilm Holdings Corporation
•Covetrus Inc.
•Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
•Mindray Medical International Limited
•IDEXX Laboratories Inc.
•Agfa-Gevaert N.V.
•Carestream Health Inc.
•Midmark Corporation
•Esaote S.P.A
•Sedecal USA Inc.
•Chison Medical Imaging Co.Ltd.
•Digicare Biomedical Technology Inc.
•DRE Veterinary Inc.
•Vetland Medical Sales and Services LLC
•Hallmarq Veterinary Imaging Ltd.
•MinXray Inc.
•Diagnostic Imaging Systems Inc.
•BCF Technology Ltd.
•Vetronic Services Ltd.
What Are The Key Trends In The Veterinary Imaging Equipment Global Market Report 2025?
The prominent trends fortifying the future of the veterinary imaging equipment market include:
•Advancements in imaging technologies
•Growing focus on point-of-care imaging
•Commitment towards integrating artificial intelligence (AI)
•Specialized imaging for exotic animals
•Adoption of telemedicine and remote imaging consultations.
What Are The Segments Of The Global Veterinary Imaging Equipment Global Market Report 2025?
The veterinary imaging equipment market comprises numerous segments including:
•Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types
•Animal Type: Small Companion Animals, Large Animals, and Other Animal Types
•Modality: Portable, Stationery
•Application: Orthopedics and Traumatology, Oncology, Cardiology, Neurology, and Other Applications
•End User: Veterinary Hospitals, Veterinary Clinics, Academic and Research Organizations, Other End Users
Which Region Leads The Veterinary Imaging Equipment Global Market Report 2025?
In 2024, North America was recognized as the largest contributor to the global veterinary imaging market while Asia-Pacific stood as the second largest. The veterinary imaging market report spans across regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Veterinary Imaging Equipment Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Veterinary Imaging Equipment Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Imaging Equipment Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Imaging Equipment Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Imaging Equipment Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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