The main companies covered in the veterinary imaging market are Diagnostic Imaging System, Inc., Merry X-Ray, Carestream Health, Heska Corporation, Fujifilm Holding Corporation, Medical Imaging/IMCO, Inc., BCF, Esaote SpA
DUBAI, United Arab Emirates, April 08, 2022 (GLOBE NEWSWIRE) — Revenue from the global veterinary imaging market will reach US$3.37 billion by 2030, according to a study by Future Market Insights (FMI). The research study analyzes the growth of the veterinary imaging market until 2030, in more than 20 countries. The study also offers incisive information on the key strategies of some of the major players in the market.
According to the study, the veterinary diagnostics market is experiencing inversions, as the pet humanization trend gains ground. The increasing focus and government mandates on maintaining animal health are also likely to provide a boost to market growth.
The growth of the animal and pet care category as a whole will also spur growth. According to NAPHIA estimates, spending on pet food, pet insurance, and pet therapy has seen an increase in the recent past. In fact, the pet food category has grown despite the Covid-19 crisis.
The broader gains in this market are likely to be transmitted to the veterinary imaging market as well during the evaluation period.
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List of Key Players Covered in Veterinary Imaging Market are:
IDEXX Laboratories, Inc.
IMV Technologies Group
Hallmarq Veterinary Imaging Ltd.
Universal Medical Systems, Inc.
Mindray Medical International Ltd.
Key market players are emphasizing on raising awareness of veterinary imaging devices to enter untapped markets. For example, in October 2018, GE Healthcare announced that it had entered into a strategic agreement with SonoSim to further training in ultrasound services.
“Technological advances coupled with inorganic expansion are creating new advances for the veterinary imaging market. These trends are sure to drive the growth of the veterinary imaging market between 2022 and 2030.” says the IMF analyst.
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Animal health care is a costly affair, people are shifting their gears to pet insurance
The veterinary imaging market is driven by an increasing number of veterinarians adopting reagent-associated imaging devices, including PET, MRI, X-ray radiology devices and CT scanners
Multislice Computed Tomography Systems Is Expected To Drive The Market In The Forecast Period
Asia-Pacific is slowly recovering with people turning the tide in favor of pet care
Adoption of Magnetic Resonance Imaging (MRI) Systems Continues to Grow at a Steady Rate
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According to the American Pet Products Association, more than 44% of households own dogs and 35% own cats in the US This number is expected to increase over the forecast period.
The market in China is expected to witness considerable expansion, due to the growing awareness of veterinary imaging and the rising popularity of companion animals. The growing preference for innovative veterinary imaging systems will stimulate market demand.
Veterinary imaging market by region:
North American Veterinary Imaging Market
Latin American Veterinary Imaging Market
European Veterinary Imaging Market
East Asian Veterinary Imaging Market
South Asia Pacific Veterinary Imaging Market
Middle East and Africa (MEA) Veterinary Imaging Market
Detailed Table of Contents:
1. Executive Summary
1.1. World Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
23. Inclusion and Exclusion/ Scope of the Report
3. Key market trends
3.1. Key trends affecting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption/Usage Analysis
4.2. Regulatory Scenario
4.3. Manufacturers’ Key Promotional Strategies
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai with delivery centers in the UK, US and India. FMI’s latest market research and industry analysis reports help companies face challenges and make critical decisions with confidence and clarity amid dizzying competition. Our custom, syndicated market research reports provide actionable insights that drive sustainable growth. A team of analysts led by experts at FMI continuously monitor emerging trends and events across a wide range of industries to ensure our clients prepare for the changing needs of their consumers.
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