Veterinary Radiography System Market by Technology (Computed Radiography, Digital Radiography, Film Screen Radiography), Product (Computed Tomography Scans, X-rays), Application, End User - Global Forecast 2024-2030

Veterinary Radiography System Market by Technology (Computed Radiography, Digital Radiography, Film Screen Radiography), Product (Computed Tomography Scans, X-rays), Application, End User - Global Forecast 2024-2030

The Veterinary Radiography System Market size was estimated at USD 808.40 million in 2023 and expected to reach USD 863.45 million in 2024, at a CAGR 7.31% to reach USD 1,325.26 million by 2030.

Global Veterinary Radiography System MarketVeterinary radiography is a non-invasive method to diagnose animal health issues and is used for generating CT, ultrasonography, nuclear imaging, and MRI of animals. Veterinary radiographs diagnose diseases in animals' chest, abdomen, and musculoskeletal systems. The veterinary radiography system involves sedation to reduce the animal's anxiety and provides instant image previews with a wide dynamic range. The rise in the adoption of livestock and companion animals and the surge in chronic diseases in animals necessitates appropriate diagnostic methods and systems, including veterinary radiography systems, to diagnose animal disease effectively. However, the high cost associated with veterinary healthcare services may adversely impact healthcare professionals' use of veterinary radiography systems. Moreover, the introduction of advanced portable veterinary radiography systems and the increasing adoption of pet insurance among animal owners are expected to increase the adoption of veterinary radiography systems by veterinary healthcare facilities.

Regional Insights

The veterinary radiography system market is highly evolving in the Americas due to the increase in the adoption of companion animals and the growing expenditure of individuals on animal health. According to the National Pet Owners survey by the American Pet Products Association, approximately 70% or 90.5 million U.S. households owned a pet in 2021-22. The surging incidents of animal diseases in the APAC and EMEA region necessitate appropriate diagnostic technologies, such as veterinary radiography systems, to diagnose animal diseases which helps healthcare professionals to prescribe appropriate treatments to improve animal health. Foot and mouth disease (FMD) is a viral livestock disease affecting cattle, swine, sheep, goats, and other cloven-hoofed ruminants. As per the World Organisation for Animal Health (WOAH), the disease is estimated to circulate in 77% of the global livestock population, in Africa, the Middle East, and Asia, as well as in a limited area of South America resulting in an increased need for veterinary radiography systems for the diagnosis of animal health. In addition, the introduction of technologically advanced veterinary radiography systems, along with the rising popularity and adoption of pet insurance, can encourage individuals to avail of veterinary diagnostic services, which is expected to fuel the use of veterinary radiography systems worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Veterinary Radiography System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Veterinary Radiography System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Veterinary Radiography System Market, highlighting leading vendors and their innovative profiles. These include Agfa-Gevaert Group, Avante Health Solutions, Canon Inc., Carestream Health, Inc., Clear Ray Imaging, Diagnostic Imaging Systems, Inc., Dristech, LLC, Epica Animal Health, Fujifilm Holding Corporation, Heska Corporation, IDEXX Laboratories, Inc., IMV Imaging (UK) Ltd., Konica Minolta, Inc., Midmark Corporation, MinXray, Inc., MyVet Imaging Inc., RadmediX LLC, Sedecal, Shenzhen Browiner Tech Co., Ltd., Siemens AG, and Sound by Mars, Incorporated.

Market Segmentation & Coverage

This research report categorizes the Veterinary Radiography System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
Computed Radiography
Digital Radiography
Film Screen Radiography
Product
Computed Tomography Scans
X-rays
Analog X-ray

Digital X-ray
Application
Cardiology
Nephrology
Oncology
Orthopedic & Rheumatology
End User
Diagnostic Center
Hospitals
Research Center
Speciality Clinics
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Veterinary Radiography System Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Veterinary Radiography System Market?
3. What are the technology trends and regulatory frameworks in the Veterinary Radiography System Market?
4. What is the market share of the leading vendors in the Veterinary Radiography System Market?
5. Which modes and strategic moves are suitable for entering the Veterinary Radiography System Market?

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