The Veterinary imaging is a division of the
veterinary medicine that is effectively optimized to gain the medical images of
animals for diagnosis of the syndrome. The imaging systems such as radiography
X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and many others,
are utilized to diagnose syndromes in the companion animals, large animals,
live-stock animals, and several others.
According to the report analysis, ‘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’ states that in the worldwide veterinary imaging market there are
several companies which recently working more actively for leading the fastest
market growth and dominating the handsome value of market share around the
globe throughout the upcoming years while spreading the awareness related to
the specifications and applications of the veterinary imaging, decreasing the
linked cost, increasing the applications of the technologies, delivering the
better consumer satisfaction, accepting the profit making strategies and
studying the strategies of the competitor’s includes Agfa- Gevaert N.V., Esaote
SpA, 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, and Toshiba
Corporation (Canon Medical Systems Corporation) and several others.
The veterinary imaging market is predicted to
witness the significant growth during the forecast period due to the
significant augment in the adoption of companion animals, increase in the
animal health awareness, and growth in pervasiveness of animal disease with the
surge in expenditure on animal welfare majorly propelling the market growth. In
addition, the foremost development in the pet insurance purchase, technological
advancements in the veterinary imaging systems, development in the number of
veterinary hospitals with foremost increase in the number of veterinary
professionals, further maintenances the market growth.
In addition, the worldwide veterinary imaging
market was valued at USD 1,620 million in 2018, and is predicted to reach USD
2,651 million by 2026, dominating a CAGR of 6.3%. However, the effective
augment in the demand for veterinary diagnostics is projected to fuel the requirement
as these devices are primarily utilized for diseases diagnosis. Increasing
expenditure on the animal health and pet insurance are predicted to contribute
to growing demand. In addition, augmenting the companion animal segment owing
to the high implementation of the pets and increase in quantity of the vet
practitioners around the world are anticipated to influence the requirement for
such systems over the following years.
Not only has this, the growth is accredited to
the growing disposable income across several regions which is generating the
awareness for better pet care. Furthermore, the increasing concerns for cancer
and tumors in small pets is also supporting to growth of the veterinary imaging
market across the developed region. However, the Asia Pacific is untapped
market and is projected to become a foremost market throughout the future owing
to the existence of developing regions such as India and China where the
concept of having small pets are becoming progressively popular. Therefore, in
the near years, it is anticipated that the market of veterinary imaging will
increase around the globe more actively over the coming decades.
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