San
Francisco, 03 December 2018, 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.
Access Full Research
Report On Veterinary Imaging Market Analysis:
www.grandviewresearch.com/industry-analysis/veterinary-imaging-market
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
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Grand View Research At: 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
o
Radiography X-ray
o Direct (Capture) Radiography
o Computed Radiography
o Film-based Radiography
o
Ultrasound Imaging
o 2D Ultrasound Imaging
o 3D/4D Ultrasound Imaging
o Doppler Imaging
o
MRI
o
CT Imaging
o
Multi-slice CT
o
Single-slice CT
o
Video Endoscopy Imaging
o
Others
·
Reagent
o
Ultrasound Contrast Regents
o
MRI Contrast Regents
o
X-Ray/CT Contrast Reagents
o
Nuclear Imaging
·
Services
o
Interventional Radiology &
Endoscopy
o
Teleradiology
o
Advanced Imaging Services
·
Veterinary PACS
o
RIS PACS
o
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
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Italy
o
Spain
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-veterinary-imaging-market
www.grandviewresearch.com/press-release/global-veterinary-imaging-market
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.
For more information: www.grandviewresearch.com/
