The global veterinary imaging market is primed for significant expansion in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 6.6% from 2022 to 2030, according to the latest market research. This upward trajectory is set to propel the market valuation from US$ 2.02 Billion in 2022 to an impressive US$ 3.37 Billion by 2030.
Leading the charge in this dynamic landscape is Future Market Insights, a key player in the veterinary imaging sector. With an unwavering dedication to innovation and cutting-edge technologies, Future Market Insights stands poised to capitalize on this positive trend, providing state-of-the-art solutions to veterinarians and animal healthcare professionals worldwide.
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The global veterinary imaging market encompasses a wide array of diagnostic modalities, including radiography, ultrasound, magnetic resonance imaging (MRI), and computed tomography (CT). The increasing prevalence of pet ownership, coupled with a growing awareness of advanced veterinary diagnostic tools, is fueling the demand for veterinary imaging services worldwide.
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) expressed optimism about the industry’s growth potential, stating, “We are excited about the robust projections for the global veterinary imaging market. As a pioneer in this sector, FMI is well-positioned to leverage these opportunities. Our commitment to advancing veterinary diagnostics aligns with the evolving needs of the industry, and we remain dedicated to providing cutting-edge solutions that enhance animal healthcare.”
The company’s comprehensive portfolio of veterinary imaging products, combined with a strong focus on research and development, positions Future Market Insights as a key player in driving advancements in veterinary diagnostics. The anticipated market expansion presents FMI with an excellent opportunity to further strengthen its global presence and contribute to the overall improvement of animal healthcare.
Key Takeaways:
- Animal healthcare being a costly affair, people are shifting their gears to pet insurance
- The veterinary imaging market is driven by an ever-increasing number of veterinarians adopting imaging devices with reagents associated with them, which include PET, MRI, X-Ray radiology devices, and CT scanners
- Multi-slice CT scan systems expected to drive the market in the forecast period
- Asia-Pacific is slowly picking up with people turning the tide in favour of pet care
- Adoption of magnetic resonance imaging (MRI) systems continue to grow at a steady pace
“Technological advancements along with inorganic expansion are creating new strides for the veterinary imaging market. These trends are bound to catapult the veterinary imaging market to growth between 2022 and 2030”- says the FMI analyst.
Competitive Landscape:
The veterinary imaging sector is experiencing intense competition due to the demand for precise diagnostic imaging solutions in animal health monitoring and diagnostics. Strategic moves for non-organic growth are driving up market sales. Furthermore, major industry players are joining forces with local enterprises to broaden their distribution networks.
For instance,
- In 2020, Heska GmbH (Germany) struck a deal with Covetrus, Inc. and Covetrus Animal Health Holdings Limited to acquire full ownership of the animal care division previously held by Covetrus Animal Health Holdings Limited, a subsidiary of Covetrus, Inc.
Top of Form
List of Key Players Covered in Veterinary Imaging Industry are:
- Esaote
- IDEXX Laboratories, Inc.
- IMV Technologies group
- Carestream Health
- Hallmarq Veterinary Imaging Ltd.
- MinXray, Inc.
- Universal Medical Systems, Inc.
- Agfa- Gevaert N.V.
- Mindray Medical International Ltd.
- GE Healthcare
- Siemens AG
Key Segments:
Veterinary Imaging Industry by Product Type:
- Veterinary Imaging Equipment
- Radiography (X-ray) Systems
- Computed Radiography
- Film-based Radiography
- Ultrasound Imaging Systems
- 2D US Imaging
- 3D US Imaging
- Magnetic Resonance Imaging Systems
- Computed Tomography Systems
- Single-slice CT
- Multi-slice CT
- Video Endoscopy Imaging Systems
- Others
- Radiography (X-ray) Systems
- Veterinary Imaging Software
- Veterinary Imaging Reagents
- Ultrasound Contrast Reagents
- MRI Contrast Reagents
- X-Ray/CT Contrast Reagents
- Nuclear Imaging Reagents
Veterinary Imaging Industry by Animal Type:
- Small Animals
- Large Animals
Veterinary Imaging Industry by Application:
- Cardiology
- Orthopedics
- Neurology
- Oncology
- Others
Veterinary Imaging Industry by End User:
- Veterinary Clinics
- Veterinary Hospitals
- Veterinary Institutes and Research Centers
Veterinary Imaging Industry by Region:
- North America Veterinary Imaging Industry
- Latin America Veterinary Imaging Industry
- Europe Veterinary Imaging Industry
- East Asia Veterinary Imaging Industry
- South Asia & Pacific Veterinary Imaging Industry
- Middle East & Africa (MEA) Veterinary Imaging Industry
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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