The Veterinary imaging is a division of the veterinary medicine that is effectively optimized to gain the medical images of animals for diagnosis of the syndrome. The imaging systems such as radiography X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and many others, are utilized to diagnose syndromes in the companion animals, large animals, live-stock animals, and several others.
According to the report analysis, ‘Veterinary Imaging Market by Product Type (Instrument, Reagents, and Others), Animal Type (Companion Animals, Large Animals, and Other Animals), Application (Orthopedics & Traumatology, Oncology, Cardiology, Neurology, and Other Application), and End User (Clinics & Hospitals, Reference Labs, and Other End User): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the worldwide veterinary imaging market there are several companies which recently working more actively for leading the fastest market growth and dominating the handsome value of market share around the globe throughout the upcoming years while spreading the awareness related to the specifications and applications of the veterinary imaging, decreasing the linked cost, increasing the applications of the technologies, delivering the better consumer satisfaction, accepting the profit making strategies and studying the strategies of the competitor’s includes Agfa- Gevaert N.V., Esaote SpA, Fujifilm holdings corp. (Sonosite, Inc.), General Electric (GE Healthcare), IMV Technologies group, (IMV imaging), IDEXX Laboratories, Inc., Mindray Medical International Ltd., MinXray, Inc., Siemens AG, and Toshiba Corporation (Canon Medical Systems Corporation) and several others.
The veterinary imaging market is predicted to witness the significant growth during the forecast period due to the significant augment in the adoption of companion animals, increase in the animal health awareness, and growth in pervasiveness of animal disease with the surge in expenditure on animal welfare majorly propelling the market growth. In addition, the foremost development in the pet insurance purchase, technological advancements in the veterinary imaging systems, development in the number of veterinary hospitals with foremost increase in the number of veterinary professionals, further maintenances the market growth.
In addition, the worldwide veterinary imaging market was valued at USD 1,620 million in 2018, and is predicted to reach USD 2,651 million by 2026, dominating a CAGR of 6.3%. However, the effective augment in the demand for veterinary diagnostics is projected to fuel the requirement as these devices are primarily utilized for diseases diagnosis. Increasing expenditure on the animal health and pet insurance are predicted to contribute to growing demand. In addition, augmenting the companion animal segment owing to the high implementation of the pets and increase in quantity of the vet practitioners around the world are anticipated to influence the requirement for such systems over the following years.
Not only has this, the growth is accredited to the growing disposable income across several regions which is generating the awareness for better pet care. Furthermore, the increasing concerns for cancer and tumors in small pets is also supporting to growth of the veterinary imaging market across the developed region. However, the Asia Pacific is untapped market and is projected to become a foremost market throughout the future owing to the existence of developing regions such as India and China where the concept of having small pets are becoming progressively popular. Therefore, in the near years, it is anticipated that the market of veterinary imaging will increase around the globe more actively over the coming decades.
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Ankur Gupta, Head Marketing & Communications