Veterinary Imaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Veterinary Imaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Veterinary Imaging Trends and Forecast

The future of the global veterinary imaging market looks promising with opportunities in the orthopedics and traumatology, oncology, cardiology, neurology, respiratory, and dental markets. The global veterinary imaging market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are growing rate of companion animal population, increasing demand for pet insurance, and rising number of veterinary practitioners in developed economies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Veterinary Imaging by Segment

The study includes a forecast for the global veterinary imaging by product, solutions, application, end use industry, and region.

Veterinary Imaging Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• X-ray
• Ultrasound
• MRI
• CT Imaging
• Video Endoscopy

Veterinary Imaging Market by Solutions [Shipment Analysis by Value from 2018 to 2030]:

• Equipment
• Accessories/ Consumables
• PACS

Veterinary Imaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Orthopedics And Traumatology
• Oncology
• Cardiology
• Neurology
• Respiratory
• Dental Application
• Others

Veterinary Imaging Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Veterinary Clinics and Diagnostic Centers
• Veterinary Hospitals and Academic Institutions
• Others

Veterinary Imaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Veterinary Imaging Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies veterinary imaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the veterinary imaging companies profiled in this report include-

• Idexx Laboratories
• Esaote Spa
• Sound
• General Electric
• Universal Medical Systems
• Fujifilm Holdings
• Hallmarq Veterinary Imaging
• Vetz
• Shenzhen Mindray Animal Medical
• Heska Corporation

Veterinary Imaging Market Insights

Lucintel forecasts that equipment will remain the largest segment over the forecast period due to the increasing demand for veterinary imaging equipment with advanced features and easy usability.

Within this market, orthopedics and traumatology will remain the largest segment due to increasing demand for accurate diagnostics and growing number of bone and joint injuries in animals.

North America is expected will remain the largest segment over the forecast period due to the increasing pet ownership, strategic initiatives implemented by key manufacturers, and the rising disease burden in animals.

Features of the Global Veterinary Imaging Market

Market Size Estimates: Veterinary imaging market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Veterinary imaging market by various segments, such as by product, solutions, application, end use industry and region in terms of($B).

Regional Analysis: Veterinary imaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, solutions, applications, end use industries, and regions for the veterinary imaging market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the veterinary imaging market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the veterinary imaging market size?

Answer: The global veterinary imaging market is expected to reach an estimated $2.6 billion by 2030.

Q.2 What is the growth forecast for veterinary imaging market?

Answer: The global veterinary imaging market is expected to grow with a CAGR of 6.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the veterinary imaging market?

Answer: The major drivers for this market are growing rate of companion animal population, increasing demand for pet insurance, and rising number of veterinary practitioners in developed economies.

Q4. What are the major segments for veterinary imaging market?

Answer: The future of the veterinary imaging market looks promising with opportunities in the orthopedics and traumatology, oncology, cardiology, neurology, respiratory, and dental markets.

Q5. Who are the key veterinary imaging market companies?

Answer: Some of the key veterinary imaging companies are as follows:

• IDEXX Laboratories
• ESAOTE SPA
• SOUND
• General Electric
• Universal Medical Systems
• FUJIFILM Holdings
• Hallmarq Veterinary Imaging
• VetZ
• Shenzhen Mindray Animal Medical
• Heska Corporation

Q6. Which veterinary imaging market segment will be the largest in future?

Answer: Lucintel forecasts that equipment will remain the largest segment over the forecast period due to the increasing demand for veterinary imaging equipment with advanced features and easy usability.

Q7. In veterinary imaging market, which region is expected to be the largest in next 5 years?

Answer: North America is expected will remain the largest segment over the forecast period due to the increasing pet ownership, strategic initiatives implemented by key manufacturers, and the rising disease burden in animals.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the veterinary imaging market by product (X-ray, ultrasound, MRI, CT imaging, and video endoscopy), solutions (equipment, accessories/ consumables, and PACS), application (orthopedics and traumatology, oncology, cardiology, neurology, respiratory, dental application, and others), end use industry (veterinary clinics & diagnostic centers, veterinary hospitals & academic institutions, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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