U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Veterinary Imaging Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
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%. Veterinary imaging is a branch of veterinary medicine that is used to obtain medical images of animals 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.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The veterinary imaging market is expected to experience significant growth during the forecast period owing to increase in adoption of companion animals, rise in animal health awareness, and growth in prevalence of animal disease with surge in expenditure on animal welfare majorly driving the market growth. In addition, rise in pet insurance purchase, technological advancements in veterinary imaging systems, increase in number of veterinary hospitals with surge in number of veterinary professionals, further supports the market growth.
The global veterinary imaging market is segmented based on product type, animal type, application, end user, and region. Based on product type, the market is classified as instrument and reagents. According to animal type, the market is categorized as companion animals, large animals, and others. Applications such as orthopedics & traumatology, oncology, cardiology, neurology, and others, are covered in the report. On the basis of end user market is categorized into clinics & hospitals, reference labs, and others. Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
– A comprehensive analysis of all the geographical regions is provided to determine the existing opportunities.
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– 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
– Toshiba Corporation (Canon Medical Systems Corporation)
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
– Sound
– SUNI Medical Imaging, Inc.
– Carestream Health
KEY MARKET SEGMENTS
By Modality Type
– Instrument
– Reagents
– Others
Animal Type
– Companion Animals
– Large Animals
– Other Animals
Application
– Orthopedics & Traumatology
– Oncology
– Cardiology
– Neurology
– Other Application
End User
– Clinics and Hospitals
– Reference Labs
– Other End User
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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