The latest research study “Veterinary Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global veterinary imaging market reached a value of US$ 1.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.43 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Veterinary imaging is a non-invasive method of obtaining medical images of animals for diagnosis and treatment. It relies on various instruments such as X-radiation (ray) imaging/radiography, ultrasonography, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear medicine imaging. These imaging instruments help detect nasal or sinus diseases, skull fractures, brain tumors, and brain hemorrhages without causing any discomfort to the animal. They also eliminate the use of film, darkroom, film jackets, and photo processing supplies, thus reducing the overall cost of diagnosis. Owing to these properties, veterinary imaging solutions are gaining traction worldwide.
Veterinary Imaging Market Trends and Drivers:
The market is primarily driven by the rising expenditures on pet health and insurance across the globe. In addition, the advent of portable and battery-powered imaging instruments for point-of-care services represents another major growth-inducing factor.
Besides this, the growing awareness among farmers regarding several livestock diseases that lead to productivity losses, uncertain food security, and loss of income is also contributing to the market growth. Moreover, the leading players are launching advanced magnetic resonance imaging (MRI) technology that enables healthcare professionals to scan soft tissue structures before the surgery.
This, coupled with the rising number of dogs with orthopedic disorders, is creating a positive market outlook across the globe. Furthermore, the growing number of pet parents and the increasing number of veterinary hospitals are expected to propel market growth in the coming years.
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|Veterinary Imaging Market Report Scope|
|Market size value in 2021||US$ 1.66 Billion|
|Market forecast in 2027||US$ 2.43 Billion|
|Growth Rate||CAGR of 6.30% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||product type, animal type, application and end user|
|Regional scope||North America, Europe, Asia-Pacific, Europe, Latin America, Middle East and Africa|
|Key companies profiled||Agfa-Gevaert N.V. (IG Farben), Canon Inc., Carestream Health Inc., Draminski S.A., Esaote SpA, Fujifilm holdings corp., Hallmarq Veterinary Imaging, Heska Corporation, IDEXX Laboratories Inc., IMV Technologies Group, MinXray Inc. and Siemens Healthineers AG (Siemens AG).|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Global Veterinary Imaging Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agfa-Gevaert N.V. (IG Farben),
- Canon Inc.,
- Carestream Health Inc.,
- Draminski S.A.,
- Esaote SpA,
- Fujifilm holdings corp.,
- Hallmarq Veterinary Imaging,
- Heska Corporation,
- IDEXX Laboratories Inc.,
- IMV Technologies Group,
- MinXray Inc.
- Siemens Healthineers AG (Siemens AG).
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The report has segmented the market on the basis of region, product type, animal type, application and end user.
Breakup by Product Type:
Breakup by Animal Type:
- Small Companion Animals
- Large Animals
Breakup by Application:
- Orthopedics and Traumatology
Breakup by End User:
- Hospitals and Clinics
- Reference Laboratories
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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