Global Veterinary Imaging Market Analysis
Non-invasive veterinary imaging systems are frequently used to diagnose different diseases or conditions in household pets such as cats, dogs, horses, birds, rabbits, and goats, as well as farm animals such as cattle and pigs. To assess these animals, several imaging techniques like ultra sound imaging systems, magnetic resonance imaging, radiography, and CT scan are widely utilized. To identify an illness, these systems are frequently used in conjunction. The radiography system is used to identify bone fractures, soft internal bleeding, oral irregularities, and the presence of foreign bodies inside the animal by highlighting critical areas within the body. Ultrasound imaging is used to identify problems within organs in the vascular, heart, liver, and digestive using various techniques such as 2D/3D/4D systems. They are most often used to detect abnormalities in the heart and abdomen, although they cannot be used to scan gas-filled or bony structures.
Due to the high cost of imaging equipment, the global veterinary imaging market is projected to increase due to rising health insurance for both home and farm animals. According to the NAPHIA (North American Pet Health Insurance Association), the pet health insurance industry produced $774 million in premiums in 2015, up 17.2 percent from 2014. In 2015, 1.6 million dogs were insured, which represents a 12.0 percent increase over the previous year. The overall increase in pet ownership in homes is another element propelling the global veterinary imaging market forward. As most pets have one or two severe diseases over their lives, pet ownership drives the expansion of the global veterinary imaging market.
The global veterinary imaging market is projected to develop in tandem with the global expansion of livestock. According to a factsheet published by the Food and Agricultural Organization in 2017, there are over one billion pigs in the world. The presence of a large number of veterinary experts in developed areas such as North America is also anticipated to drive growth of the global veterinary imaging market.
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Expensive veterinary imaging capital cost, as well as high diagnostic expenses, are key issues limiting the expansion of the global veterinary imaging market.
IDEXX Laboratories, Inc. released IDEXX-PACS, a touch screen enabled imaging software version 4.0, in November 2014. This version has a more user-friendly interface, with text replaced by simple icons and other improvements to the imaging process.
Epica Medical Innovations introduced the Pegaso computed tomography scanner in January 2015. It is the first CT scanner made specifically for horses. Pegaso is equipped with a high-definition CT scanner with a wide field of view, high-resolution fluoroscopy, and digital X-ray.
Fairford Veterinary released VET ImageSuite, a highly inexpensive and adaptable image management system, in November 2017. The VET ImageSuite is a movable, drop-in device that includes a 64-slice CT, a veterinary digital x-ray unit, a mobile ultrasound, a control center, and an anesthesia and procedure room.
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North America is projected to maintain a leading position in the global veterinary imaging market. According to the American Pet Products Association, pet spending in the U.S. increased from $6.8 billion in 2016 to $69.2 billion in 2017.
Europe is the second-largest market for veterinary imaging, with one of the strongest pet insurance systems and a substantial proportion of pet owners living in common families. According to the United States, countries in Asia Pacific, such as China, provide attractive market growth prospects since they have one of the biggest populations of dogs and cattle, a report from the USDA (United States Department of Agriculture), 2017.
Key companies contributing in the global veterinary imaging market are IDEXX Laboratories, Inc., Hitachi, Ltd, Canon Inc., Carestream Health, Diagnostic Imaging Systems, Inc., Agfa- Gevaert N.V., Esaote S.p.A, Universal Medical Systems, Inc., GE Healthcare, Fujifilm Holdings Corporation, MinXray, Inc., Excelsior Union Limited, Hallmarq Veterinary Imaging Ltd., Onex Corporation, Siemens AG, BCF Technology, Ltd., and VCA Inc.
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In order to enhance sales and meet the growing requirements of end consumers, companies in the industry are developing unique and creative goods. This, in turn, is projected to enhance growth prospects. Diagnostic Imaging Systems (DIS) introduced the DRwizard, a new digital x-ray system for the veterinary industry, in August 2016. This technology could remotely receive and send x-ray pictures. Rayence Inc. introduced MyVet imaging systems in October 2016, which is a veterinarian elevating DR X-Ray Table System that provides quiet elevation for comfort and stability, as well as being cost-effective and improving patient productivity.
Table of Content
Global Veterinary Imaging Market Research Report
Section 1: Global Veterinary Imaging Industry Overview
Section 2: Global Economic Impact on Veterinary Imaging Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Veterinary Imaging Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Veterinary Imaging Market Forecast
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