HomeBusinessVeterinary Imaging Market to Set Phenomenal Growth (CAGR of 6.90%) by 2023 | BCF Technology Ltd, Esaote SpA, Medical Imaging / IMCO
Veterinary Imaging Market to Set Phenomenal Growth (CAGR of 6.90%) by 2023 | BCF Technology Ltd, Esaote SpA, Medical Imaging / IMCO
January 24, 2020
“Global Veterinary Imaging Market Research Report: Forecast to 2023” Market latest research study released by Report Ocean provides an in-depth assessment of the VETERINARY IMAGING including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The latest research study provides market opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support for business intelligence.
The global market for veterinary imaging is estimated to reach USD 1858.36 million by 2023, from USD 1247.61 million in 2017. The market is projected to grow at a CAGR of 6.90%, during the forecast period of 2018 to 2023.
Global VETERINARY IMAGING Market by by Type, Method, by Application, and Regions – Americas, Europe, Asia-Pacific and Middle East & Africa and Forecast till 2023
The key players for the veterinary imaging market are BCF Technology Ltd, Esaote SpA, Medical Imaging / IMCO, Inc, Diagnostic Imaging System, Inc, Merry X-Ray, Hallmarq Veterinary Imaging Ltd, Carestream Health, General Electric Canon Inc., Fujifilm Holding Corporation, Heska Corporation, Idexx Laboratories Inc., and others.
> The major market players in the global veterinary imaging market are Fujifilm Holding, Corporation, Heska Corporation, Idexx Laboratory Inc, and Canon Inc.
> Fujifilm Holding Corporation accounted for more than a 9.9% share of the global veterinary imaging market
> Based on product type, veterinary imaging instruments commanded the largest market share in 2017 and was valued at USD 708.81 million in 2017
> Based on animal type, the small companion animal segment commanded the largest market share in 2017 and was valued at USD 565.85 million in 2017
> Based on therapeutics areas, the orthopedics and traumatology segment commanded the largest market share in 2017 and was valued at USD 520.72 million in 2017
> Based on end-user, the hospitals and clinics segment commanded the largest market share in 2017 and was valued at USD 917.16 million in 2017
> On the basis of region, the Americas is expected to account for the largest share in the global veterinary imaging market, at a CAGR of 7.37% during the forecast period.
Veterinary imaging instruments are used for the diagnosis of chronic diseases and getting medical images of animals. Notably, the increasing prevalence of zoonotic diseases, significant rise in pet insurance purchases, and increased number of veterinary practitioners are promoting the growth of the veterinary imaging market globally.
Owing to the rising human population, the demand for meat and dairy products is also escalating, which leads to the rapid transformation in livestock systems. On considering the historical data, it is found that in 2010, the World Bank estimated that zoonotic diseases had cost global economies more than USD 20 million in direct costs and USD 200 million in indirect costs.
In the recent years, various government and private associations are working to control zoonotic diseases. For instance, in 2014, six associations, namely, the Biotechnology and Biological Sciences Research Council (BBSRC), the Natural Environment Research Council (NERC), the Department for International Development (DFID), the Economic and Social Sciences Research Council (ESRC), the Defense Science and Technology Laboratory (DSTL), and the Medical Research Council (MRC) joined to introduce a new Zoonoses and Emerging Livestock Systems (ZELS) research program. The programme includes USD 27.90 million investment from ZELS partners, and 11 projects involving 19 UK institutions and over 30 overseas institutions.
On the basis of product type, the market is segmented into veterinary imaging instruments, veterinary imaging reagents, and veterinary imaging software. By product type, veterinary imaging instruments held the maximum market share of the global veterinary imaging market share in 2017.
On the basis of animal type, the global veterinary imaging market is segmented into small companion animals, large animals, and others. By animal type, the small companion animal segment accounted for the highest market share in 2017.
The therapeutic areas for the global veterinary imaging market are segmented into orthopedics and traumatology, cardiology, neurology, oncology and others, where the orthopedics and traumatology segments accounted for the largest share of the veterinary imaging market share in 2017.
On the basis of end-user, the global veterinary imaging testing market is segmented into hospitals and clinics, academic institutes, and others. The hospitals and clinics segment held the largest segment of the market in 2017.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2023 [** unless otherwise stated]
The market research study offers in-depth regional analysis along with the current market scenarios. The major regions analyzed in the study are:
Major Highlights of TOC:
Chapter One: VETERINARY IMAGING Market Industry Overview
1.1 VETERINARY IMAGING Industry
1.1.2 Products of Major Companies
1.2 VETERINARY IMAGING Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Three: VETERINARY IMAGING Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 VETERINARY IMAGING Market Size by Type
3.3 VETERINARY IMAGING Market Forecast by Type
Chapter Four: Major Region of VETERINARY IMAGING Market
4.1 VETERINARY IMAGING Sales
4.2 VETERINARY IMAGING Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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