The future of the global veterinary imaging market looks promising with opportunities in the orthopedics and traumatology, oncology, cardiology, neurology, respiratory, and dental markets. The global veterinary imaging market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are growing rate of companion animal population, increasing demand for pet insurance, and rising number of veterinary practitioners in developed economies.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the veterinary imaging market
by product (X-ray, ultrasound, MRI, CT imaging, and video endoscopy), solutions
(equipment, accessories/ consumables, and PACS), application (orthopedics and
traumatology, oncology, cardiology, neurology, respiratory, dental application,
and others), end use industry (veterinary clinics & diagnostic centers,
veterinary hospitals & academic institutions, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
equipment, accessories/ consumables, and PACS are the major segments of
veterinary imaging market by solutions. Lucintel forecasts that equipment will
remain the largest segment over the forecast period due to the increasing
demand for veterinary imaging equipment with advanced features and easy
usability. Within this market, orthopedics and traumatology will remain the
largest segment due to increasing demand for accurate diagnostics and growing
number of bone and joint injuries in animals.
North America is
expected will remain the largest segment over the forecast period due to the
increasing pet ownership, strategic initiatives implemented by key
manufacturers, and the rising disease burden in animals.
IDEXX Laboratories,
ESAOTE SPA, SOUND, General Electric, Universal Medical Systems, FUJIFILM
Holdings, Hallmarq Veterinary Imaging, VetZ, Shenzhen Mindray Animal Medical,
and Heska Corporation are the major suppliers in the veterinary imaging market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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