Veterinary Imaging Market - Opportunities in Key Application Sectors by 2024
Zion Market Research, the market research group announced the analysis report titled 'Veterinary Imaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016-2024'.
Sarasota, FL -- (SBWire) -- 04/26/2018 --Global Veterinary Imaging Market: Overview
Veterinary imaging is generally utilized to get medical images of the animal body to detect chronic diseases. It a non-invasive technique that has developed with the aid of diagnostic imaging tools from human medicine. Thus, the increasing demand for veterinary imaging is projected to fuel the market growth in the coming period.
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Global Veterinary Imaging Market: Growth Factors
The vital factors contributing to the growth of the market for veterinary imaging globally include the rising companion animals market, the rise in animal healthcare expenditure & pet insurances, growing product improvements that provide fast & precise outcomes to customers and rise in the digit of veterinary practitioners. However, the severe lack of trained veterinarians, inadequate understanding regarding animal health, and the huge price of imaging instruments are few factors that can restrain the growth of the market.
Global Veterinary Imaging Market: Segmentation
The global veterinary imaging market can be segmented based on therapeutic area, product, animal type, and region. The therapeutic area segment of the market is categorized into oncology, cardiology, nephrology, orthopedics & rheumatology, and others. The product segment of the market is classified into reagents, veterinary picture archiving and communication system, instruments, and services. The reagents segment of the market is diversified into MRI contrast reagents, ultrasound contrast reagents, nuclear imaging contrast reagents, and CT contrast reagents. The veterinary picture archiving and communication system segment of the market for veterinary imaging is grouped into CVIS PACS and RIS PACS. The instruments segment of the market is divided into thermal imaging systems, ultrasound systems, video endoscopy systems, computed tomography systems, digital radiography systems, optical coherence tomography systems, magnetic resonance imaging systems, and nuclear imaging scanners. The services segment of the market is classified into interventional radiology & endoscopy, teleradiology, and advanced imaging services. The animal type segment of the veterinary imaging market is diversified into large animals, small companion animals, and others.
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Global Veterinary Imaging Market: Regional Analysis
North America is expected to dominate the market for veterinary imaging globally due to rise in the digit of food-producing animals owing to the rising use of dairy & meat products and the existence of many market players. Asian Pacific and Latin America are projected to rise in the market at a higher rate in the near future. The growth of these regions can be attributed to the mounting population of food-producing and livestock animals, increasing per capita income, rising figure of veterinary hospitals & clinics, growing consumption of dairy & meat products, and the growing animal healthcare wakefulness.
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Global Veterinary Imaging Market: Competitive Players
The prominent players in the global veterinary imaging market are Esaote S.p.A, Diagnostic Imaging Systems, Mindray Medical GE Healthcare, Hallmarq Veterinary Imaging Ltd., and IDEXX Laboratories, Inc. The other key players in the market include VCA Antech, Inc., Agfa Healthcare, MinXray, Inc., Toshiba Medical Systems Corporation, and Carestream Health.
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