Global Veterinary Radiography Systems Market - 2022-2029

Global Veterinary Radiography Systems Market - 2022-2029

Market Overview

Veterinary Radiography Systems Market size was valued US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Radiography is the imaging method most frequently used in veterinary hospitals. The x-ray images (radiographs) are produced using the same techniques used in human medicine, except that the equipment is designed to fit small animals like dogs, cats, and birds. Portable equipment is utilized at a large animal hospital that handles horses and other large animals. Sedation is occasionally used on animals, even though no pain is involved, to help position and keep them comfortable. At the same time, the photos are being taken and minimize anxiety and tension linked to the procedure. An x-ray provides a detailed view of bones, foreign objects, and vast bodily cavities. They are frequently employed. They are frequently employed to aid in the early detection of fractures, malignancies, wounds, infections, and abnormalities.

Market Dynamics

Innovations in the veterinary radiography systems by the market key players are expected to drive the market growth.

The 3D Veterinary Imaging System, introduced by Adaptix, has the potential to revolutionize dentistry and orthopedic imaging from a clinical and cost standpoint, according to the company. In contrast to a typical 2D X-ray system, Adaptix's system fires a series of extremely low-flux X-rays from numerous locations. With barely any more radiation exposure than a single 2D X-ray, the system is now able to reconstruct a stack of slices across the body that can be viewed similarly to the coronal slices from a CT scan.

Moreover, according to Adaptix, taking multiple intraoral 2D X-ray images is no longer necessary to see each side of the jaw clearly and separately. In addition to being extremely helpful for orthopedic imaging, the system is lightweight and easy to install in an existing radiology or treatment room. The workflow time for dental imaging is cut down from 12 to 20 minutes to under three. Additionally, it gives veterinarians access to cutting-edge 3D imaging for most severe orthopedic cases without requiring them to invest in a CT scanner, give up a treatment room, or refer the patient elsewhere. Furthermore, The first full-featured VXR Veterinary X-Ray Room was unveiled on February 10, 2021, by FUJIFILM Medical Systems U.S.A., Inc., a top supplier of diagnostic imaging and medical informatics solutions and a division of Fujifilm Healthcare. Veterinarians that want to switch to high-quality, low-dose X-rays with an economical, adaptable, simple to use, and simple to install system will benefit from the new X-ray room's revolutionary design. Thus, from the above statements, the market is expected to drive in the forecast period.

Restraint

The high cost of the devices, stringent regulatory approaches, unfavorable reimbursement policies, and lack of skilled professionals to operate veterinary radiography systems are some factors the market is expected to get hampered in the forecast period.

Industry Analysis

The veterinary radiography systems market provides in-depth analysis of the market based on various industry factors such as supply chain analysis, pricing analysis etc.

COVID-19 Impact Analysis

The COVID-19 pandemic has positively impacted healthcare systems and the market. Veterinarians are essential for safeguarding the health of animals and the public, ensuring the safety of food supply, keeping an eye out for zoonotic pathogens, and assisting in biomedical research and medical countermeasures like the creation of COVID-19 diagnostics, treatments, and vaccines. The Covid-19 pandemic is causing delayed or skipped care for pets in several nations, according to the HealthforAnimals research report, which has some vets afraid that pet health may suffer in this situation. More than a quarter of pet owners have put off or avoided contacting their veterinary practice since the Covid-19 pandemic began. Veterinarians are attempting to address this by strictly enforcing Covid-19 safety measures at their offices and greatly enhancing their patients' accessibility to telemedicine. Pet owners welcome these innovations, with three out of four saying they were pleased or highly satisfied with the service after having a digital or remote consultation with their veterinarian.

Additionally, the pandemic interrupts the supply chain and process. Many companies will vary to other geographic regions to ensure that products remain available and protect their supply chain. Thus, from the above statements, the market got affected, and it is expected to gain traction quickly with the resumption of economic activities.

Segment Analysis

Digital X-ray segment is expected to hold the largest market share in veterinary radiography systems market

The digital X-ray segment is expected to dominate in 2021. The segment benefits because in veterinary diagnostics, analog x-ray equipment is a fairly outdated technology that requires films or CR cassettes to capture images. They are inexpensive, dependable, and robust and have a proven track record. Analog x-ray machines are increasingly being replaced with digital ones worldwide. Excellent images acquired on flat panel detectors, reduced labor requirements, and the quick image processing time is inherent characteristics of digital x-ray equipment that account for their supremacy. Compared to analog x-ray equipment, digital x-ray devices accurately interpret data archiving characteristics without taking several photos in the same place.

Moreover, veterinary radiography systems are widely employed to comprehend the various conditions that animals experience with a wider dynamic range, which is more tolerant of over and underexposure and allow for the application of specialized image processing techniques that improve the overall display quality of the image. Therefore, it has increased the demand for digital X-rays. Thus, from the above statements, the market segment is expected to hold the largest market share in the forecast period.

Geographical Analysis

North America region holds the largest market share in the global veterinary radiography systems market

In 2021, North America accounted for the highest revenue share. Rising public awareness of animal health issues, government and private organization initiatives to improve animal health, product launches and market player expansion, growing demand for pet adoption along with rising demand for veterinary equipment, rising animal health expenditure, and increasing focus on improving veterinary services and research facilities are some of the factors the market is expected to boost in the forecast period. For instance, according to the American Society for the Prevention of Cruelty to Animals, approximately 6.5 million animals enter shelters annually, but only 3.2 million are adopted. There are about 85 million pet-owning families worldwide. Human Society People spent $99 billion in 2020 on their pets.

Moreover, in 2020, 32% fewer dogs and 23% fewer cats entered animal shelters. Hence, the US population has grown more attentive to the health of livestock and pets as these ownership rates have mounted. Therefore, as pet and livestock ownership rises, so makes the demand for veterinary radiology. Additionally, DRE Medical finished converting to Avante Health Solutions' Medical Surgical Division in January 2019. Avante Health Solutions and DRE Medical are likely to help each other grow their customer bases and product lines. Also, it would allow the business to improve its standing in the market for medical equipment. Thus, from the above statements, the North American region is expected to hold the largest market share in the forecast period.

Competitive Landscape

Major key players in the veterinary radiography systems market are Fujifilm Holding Corporation, Heska Corporation, Canon Inc, IDEXX Laboratories , Carestream Health, Vet-Ray X-Ray, Lake Superior X Ray, Inc., Universal Solutions, Inc., MyVet Imaging Inc., MinXray, Inc.

Fujifilm Holding Corporation:

Overview:

FUJIFILM Holdings Corporation is a Japanese multinational photography and imaging company. The company’s business fields include development, production, sales, and service of Imaging Solutions, Healthcare & Material Solutions and Document Solutions. The company produces color films and single-use cameras, color paper and chemicals, photofinishing equipment, film and photo processing services, electronic imaging such as digital cameras, optical devices such as camera modules for mobile phones, TV camera lenses and cine lenses, x-ray imaging systems and films, inkjet printers, flat panel materials, recording storage mediums such as data cartridges and videotape products, and office products such as office printers.

Product Portfolio:

VXR Veterinary X-Ray System: VXR is a comprehensive all-in-one veterinary digital x-ray solution that produces excellent images at a low user dosage while being simple to install and operate.

The global veterinary radiography systems market report would provide an access to an approx. 45+market data table, 40+figures and 200pages.