The
global veterinary imaging market is
expected to reach USD 3.27 billion by 2025, according to a new report by Grand
View Research, Inc. The veterinary medicine field experienced immense
technological developments in the last 20 years. Various technologies of human
medical practice are being adopted for diagnosis and treatment of animals.
Advancements in technologies are expected to fuel growth. For instance, launch
of portable imaging equipment with battery charge is propelling the adoption of
these systems in the following years.
Magnetic
Resonance Imaging (MRI) and ultrasound analysis are some of the advanced
technologies. MRIs are effective in the prognosis of human neurological
disorders. These days, veterinarians are using MRIs for the examination of
animal brains. This technology also helps in diagnosing soft tissues and
orthopedic structure of an animal’s body. MRI has applications in cardiology
for studying heart diseases.
Imaging
devices help veterinarians and technicians in the diagnosis and management of
zoonotic diseases. These instruments also assist in the diagnosis of injuries.
Increasing adoption of advanced technologies coupled with growing awareness
about animal health are some of the factors expected to propel market growth in
the coming years. For example, University of Pennsylvania’s School of
Veterinary Medicine was the first to use EQUIMAGINE, a diagnostic tool for
horses. This device has 2 imaging C-arms that help in scanning all body parts
of a horse. It also captures 2D CT images. This system is also currently being used
in the diagnosis of diseases that affect horses.
Browse full research report on Global Veterinary Imaging Market: http://www.grandviewresearch.com/industry-analysis/veterinary-imaging-market
Further Key Findings
From the Study Suggest:
- Increasing
demand for minimally invasive diagnostic tools to reduce mortality and
morbidity is anticipated to fuel the market growth.
- Instruments
held the dominant share owing to their increasing adoption in reference
laboratories and other animal healthcare facilities
- The MRI
segment is expected to witness lucrative growth in the coming years owing
to rising awareness about their benefits in animal disease diagnosis
- Multi-slice
CT scan systems are anticipated to gain popularity over the forecast
period
- Small
companion animals held the dominant share as of 2016 owing to increasing
adoption of pets and concern about their well-being
- Veterinary
hospitals accounted for the largest revenue share as of 2016 due to
increase in adoption of imaging devices in animal health care facilities
- The North
America veterinary imaging market held the dominant share as of 2016 owing
to increasing number of animal healthcare settings and awareness among pet
owners in this region
- Asia
Pacific regional industry is expected to grow at a lucrative CAGR owing to
increase in the number of veterinary care facilities and investments in
animal healthcare
- IDEXX
Laboratories, Inc.; SOUND; GE Healthcare; and Toshiba Corporation held the
dominant share of the market owing to their wide offerings of technologically
advanced products and regional presence
- Competitors
are adopting strategies such as launch of new products, mergers &
acquisitions, and regional expansion to gain competitive advantage
Browse more reports of this category by
Grand View Research: http://www.grandviewresearch.com/industry/healthcare
Grand View Research has
segmented veterinary imaging market on the basis of the product, animal type,
application, end use, and region:
Product Outlook
(Revenue, USD Million, 2014 - 2025)
- Instrument
- Radiography X-ray
- Direct (Capture) Radiography
- Computed Radiography
- Film-based Radiography
- Ultrasound Imaging
- 2D Ultrasound Imaging
- 3D/4D Ultrasound Imaging
- Doppler Imaging
- MRI
- CT Imaging
- Multi-slice CT
- Single-slice CT
- Video Endoscopy Imaging
- Others
- Reagent
- Ultrasound Contrast Regents
- MRI Contrast Regents
- X-Ray/CT Contrast Reagents
- Nuclear Imaging
- Services
- Interventional Radiology &
Endoscopy
- Teleradiology
- Advanced Imaging Services
- Veterinary PACS
- RIS PACS
- CVIS PACS
Animal Type Outlook
(Revenue, USD Million, 2014 - 2025)
- Small Companion Animals
- Large Animals
- Others
Application Outlook
(Revenue, USD Million, 2014 - 2025)
- Orthopedics and Traumatology
- Oncology
- Cardiology
- Neurology
- Others
End-use Outlook
(Revenue, USD Million, 2014 - 2025)
- Hospitals/Clinics
- Reference Laboratories
- Others
Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
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