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Veterinary Imaging Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-14 

Veterinary Imaging Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing adoption of pets across the globe coupled with rising preference for pet insurance policies will foster veterinary imaging market share over the forecast period. Pet insurances have been designed for companion animals covering either a certain or an entire part for expensive veterinary care and medical products.

Rising instances of zoonotic diseases stimulate the necessity for the pets to get diagnosed which will fuel the adoption and advancement of veterinary imaging technologies. Vet imaging systems detect numerous critical diseases in both large and small companion animals efficiently, that will help boost the product demand. Consistent developments in the market have made a wide range of veterinary imaging systems easily available worldwide.

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Growing cases of cancer in domestic pets is a major factor supporting the demand for advanced, smart veterinary imaging solutions. With an improvement in healthcare offerings, there is a subsequent need for precise diagnostic tools to treat tumors and cancer.

Many clinical institutions have joined hands with academic institutions to encourage the development of advanced imaging devices that help in the diagnosis of targeted problems. As per the American Veterinary Medical Association, nearly one in four dogs, at some point in their lives are diagnosed with neoplasia. Moreover, almost 50% of the dogs above the age of 10 develop cancer. One of the most common types of cancer prevalent in cats and dogs is lymphoma.

The availability of targeted diagnostic tools and growing concern for cancer and tumor in small animals are aspects that that will propel the demand for veterinary imaging market. Most of the clinical institutions have joined hands with prominent academic institutions to promote innovation in oncology.

With respect to the regional footprint, North America has emerged as a key market for veterinary products due to the high rate of adoption of animals in the region and the growing prevalence of zoonotic diseases. Additionally, veterinary imaging provides a vast range of instruments and reagents that allow the early detection of diseases in animals which helps in preventing serious illnesses and deaths.

With a rise in the number of domestic pets across the globe, there has been a proportional increase in the development of pet specialty clinics. The ability of the people to spend on animal healthcare over the years has driven the clinics segment. In the year 2018, this segment accounted for nearly USD 570 million share of the veterinary imaging industry and is expected to witness robust gains due to the surge in the number of veterinarians and awareness regarding diagnosis for small companion animals.

Veterinary imaging companies are frequently entering into strategic alliances, acquisitions and mergers to increase their product offerings and expand its geographical presence. For instance, Australian biotechnology company- Factor Therapeutics has reportedly inked a deal with the U.S. headquartered Longmile Veterinary Pet Imaging – that offers technologies for animal and equine veterinary imaging. The deal was to help expand American technology to Australia.

Key veterinary imaging market players include BCF, Epica International, Fujifilm, Hitachi, GE Healthcare, Siemens, Idexx Laboratories, Esaote SpA, Carestream health, Canon Medical Systems, and Shenzhen Mindray Bio-Medical Electronics operate in the industry.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/veterinary-imaging-market

Partial Chapter of the Table of Content 

Chapter 5. Veterinary imaging Market, By Animal type

5.1. Key segment trends

5.2. Small companion animals

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Large animals

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Other animals

5.4.1. Market size, by region, 2014-2025 (USD Million)

Chapter 6. Veterinary imaging Market, By Application

6.1. Key segment trends

6.2. Orthopedics and traumatology

6.2.1. Market size, by region, 2014-2025 (USD Million)

6.3. Oncology

6.3.1. Market size, by region, 2014-2025 (USD Million)

6.4. Cardiology

6.4.1. Market size, by region, 2014-2025 (USD Million)

6.5. Neurology

6.5.1. Market size, by region, 2014-2025 (USD Million)

6.6. Others

6.6.1. Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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