Veterinary Imaging market is growing progressively and expected to reach US$ 1.2 billion by 2023

Veterinary Imaging Market information, by type (Radiology, Ultrasound, CT scan, Endoscopy, Magnetic Resonance Imaging (MRI), and Others), by application (Orthopedic, Dental, Oncology, Cardiology, and others); by type of animal (Canines, Felines), by End User (Veterinary Hospitals and clinics, Research centers, and others) – Forecast to 2023

Market Highlights

The global Veterinary Imaging market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Veterinary deals with diagnosis and treatment of diseases in animals. Veterinary imaging devices are useful in diagnosis and treatment of diseases in animals. These devices also give clear understanding of disease or injury that helps veterinarian for treatment of animal. Increasing awareness about animal healthcare and improvement of animal life are key factors for the growth of the market. Disease pattern in animals are continuously changing and becoming more challenging for veterinarians to diagnose these diseases.

Veterinary imaging devices give them in accurate diagnosis and further treatment. Increasing pet adoption is another major factor for the growth of the market. Increasing number of veterinarians, veterinary clinics and growing veterinary healthcare infrastructure are driving the growth for the market. Cattles are very important part of farming that have economic importance because they provide many products like milk, meat and leather. Farmers are becoming more aware about the health of their cattle which is good sign for the growth of the market.

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Major Key Players:

  • Atlantis Worldwide (US),
  • Canon Inc. (Japan),
  • Diagnostic Imaging Systems, Inc. (US),
  • Fujifilm Holdings Corporation (Japan),
  • GE Healthcare (US),
  • Hitachi, Ltd (Japan),
  • Medical Imaging / IMCO, Inc. (US),
  • Sectra (Sweden),
  • Siemens AG (Germany),
  • Toshiba Medical Systems Corporation (Japan)

About 75% of veterinarians are working in private hospitals or pet clinics and these hospitals or clinics are spending money in advancement of technology to provide better facilities. Veterinary imaging devices manufacturers are spending money to develop innovative and usable product for the market. However there are some factors which are inhibiting the growth of the market such as high cost of devices that small clinics cannot afford, lack of knowledge about new technology or products, availability of products, access to veterinary healthcare facilities, lack of skilled veterinary professionals etc.

The global veterinary imaging market was around US$ 873.2 million in 2016 and is expected to reach US$ 1204.3 million by 2023 at the CAGR of 4.7% during the forecast period.

Test the market data and market information presented through more than 67 market data tables and figures spread over 84 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Veterinary Imaging Market Research Report – Global Forecast to 2023.”

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Veterinary Imaging market has been segmented on the basis of type which comprises Radiology, Ultrasound, CT scan, Endoscopy, Magnetic Resonance Imaging (MRI), and Others. On the basis of application, the market is segmented into Orthopedic, Dental, Oncology, Cardiology, and others. On the basis of animal market segmented into Canines, Felines, and Large Animals. On the basis of end user, market is segmented into Veterinary Hospitals and clinics, Research centers, and others.

Regional Analysis:

Depending on geographic region, Veterinary Imaging market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America is believed to be the largest market for Veterinary Imaging. Moreover the European market is also growing and second largest market for Veterinary Imaging. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Veterinary Imaging during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.

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Brief TOC

1.     Report Prologue

2.     Introduction

2.1    Definition

2.2    Scope of the Study

2.2.1  Research Objective

2.2.2  Assumptions

2.2.3  Limitations

2.3    Market Structure

2.4.   Market Segmentation

3.      Research Methodology

3.1    Research Process

3.2    Primary Research

3.3    Secondary Research

3.4    Market Size Estimation

3.5    Forecast Model

4.     Market Dynamics


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