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The global veterinary imaging market is projected to reach USD 2.3 billion by 2026 from USD 1.6 billion in 2021, growing at a CAGR of 7.0% during the forecast period. The growth of the global veterinary imaging market during the forecast period is mainly driven by the increasing rate of companion animal population, rising demand for pet insurance and an increasing amount of animal health expenditure, growing number of veterinary practitioners and their rising income levels in developed economies, rising demand for animal-derived food products, and growing prevalence of animal diseases.
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Veterinary Imaging Market Global Forecast to 2026 Veterinary Imaging Market is expected to reach $2.3 Billion by 2026 Growing at a CAGR of 7.0% (2021 – 2026)
Veterinary Imaging Market by Product (Ultrasound (2D, 3D, Doppler), X-Ray (CR, DR), MRI, CT, Software, Reagent), Therapeutic Area (Orthopedics, Gynecology, Oncology, Dentistry), Animal (Small, Large), End User (Hospital, Clinic) - Global Forecast to 2026
The Veterinary Imaging Instruments segment holds the largest market share during the forecast period. On the basis of products, the global veterinary imaging market is segmented into veterinary imaging instruments, reagents, and software. In 2020, the instruments segment accounted for the largest share of the global veterinary imaging market. Growth in this product segment can largely be attributed to the increasing adoption of digital imaging owing to the high-quality images provided by these instruments for disease diagnosis. View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/veterinary-imaging-market- 80889726.html
APAC is expected to grow at the highest growth rate in 2020 The Asia Pacific region is expected to register the highest CAGR during the forecast period. Growing pet adoption, increasing awareness about animal health, and growing per capita animal health expenditure, especially in India and China, are contributing to the growth of the APAC veterinary imaging market.
Key Market Player The prominent players in the veterinary imaging market are GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.A (Italy), IDEXX Laboratories, Inc. (US), Mindray Medical International Limited (China), Canon Inc. (Japan)