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The global veterinary imaging market was valued at $1,620 million in 2018, and is projected to reach $2,651 million by 2026, registering a CAGR of 6.3%. <br><br>Veterinary imaging is a branch of veterinary medicine that is used to obtain medical images of animal for diagnosis of the disease. Imaging systems such as radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and others, are used to diagnose diseases in companion animals, large animals, live-stock animals, and others. The veterinary imaging market is estimated to experience significant growth during the forecast period
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Veterinary Imaging Market 2019 Key Vendors, Geographical Regions, and Industry Segmentation 2026 Veterinary Imaging Market by Product Type (Instrument, Reagents, and Others), Animal Type (Companion Animals, Large Animals, and Other Animals), Application (Orthopedics & Traumatology, Oncology, Cardiology, Neurology, and Other Application), and End User (Clinics & Hospitals, Reference Labs, and Other End User): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Overview The Global "Veterinary Imaging Market by Product, Animal Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026,“veterinary imaging market was valued at $1,620 million in 2018, and is expected to reach $2,651 million by 2026, growing at a CAGR of 6.3% from 2019 to 2026. Veterinary imaging is a branch of advanced veterinary medicine that help obtain medical images of animal for diagnosis of the disease in companion animals, large animals, live-stock animal, and others. These imaging systems are used for different indications such as orthopedics & traumatology, oncology, cardiology, neurology, and other.
Segments The global veterinary imaging marketis segmented based on product type, animal type, application, end user, and region. By Product Type - Based on product, the market is categorized as instrument and reagents. At present, the instrument segment is the major revenue contributor and is estimated to grow significantly during the forecast period as these instruments play a vital role in veterinary imaging. ByApplication- Based on application, the global veterinary imaging market is segmented into orthopedics & traumatology, oncology, cardiology, neurology and other. Orthopedics & traumatology segment hold the largest veterinary imaging market share in 2018. Key factors such as rise in prevalence of orthopedic diseases, and availability of advanced imaging systems for diagnosis of orthopedic disease in animals, which are the key drivers of the orthopedics & traumatology segment.
Geography By Region - Asia-Pacific presents lucrative opportunities for the key players operating in the veterinary imaging market, growth in awareness about veterinary imaging, and growing adoption of companion animals with rise in animal health awareness supports the market growth. Moreover, increase in disposable income, improvement in animal health spending, rise in importance of livestock animals, boost in the demand for protein-rich animal food, surge in consumption of meat & dairy products and rise in number of veterinary hospitals with advanced imaging systems, further contribute toward the market growth.
Key Market Players • Some of the key players operating in the global veterinary imaging marketinclude: • Agfa- Gevaert N.V., EsaoteSpA, • Fujifilm holdings corp. (Sonosite, Inc.), • General Electric (GE Healthcare), • IMV Technologies group, (IMV imaging), • IDEXX Laboratories, Inc., • Mindray Medical International Ltd., • MinXray, Inc., • Siemens AG, • Toshiba Corporation
Based on product type, the instrument segment held more than three-fifths share in the global market in 2018. Based on animal type, the large animals segment exhibits rapid growth and is expected to grow at a CAGR of 7.1% from 2019 to 2026. On the basis of application, the orthopedics and traumatology segment accounted for the largest market share in 2018 and is expected to remain dominant throughout the forecast period. According to end user, the clinics and hospitals segment exhibits fastest growth and is expected to grow at a CAGR of 6.8% from 2019 to 2026. Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.1% during the forecast period. Key Findings of the veterinary imaging market Find out more at the Allied Market Report store https://www.alliedmarketresearch.com/veterinary-imaging-market
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