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Veterinary imaging equipment are majorly used in the diagnosis of diseases in animals as well as to monitor internal anatomy of animal body. Veterinary imaging has prominent application in animal orthopaedic, cardiovascular analysis, and neurological examinations amongst other applications. Digital radiography magnetic resonance imaging, computed tomography, ultrasound systems, and nuclear medical imaging are the most widely used veterinary imaging equipments. Rising prevalence of animal diseases such as avian influenza, heartworm disease, foot and mouth disease; and Cushing’s syndrome in horses are significant factors and growing demand for effective diagnostic tool are likely to boost the growth of global veterinary imaging equipment market during the projected period. Moreover, growing partnerships among players to provide better solutions for developing effective veterinary imaging technologies are likely to boost the veterinary imaging equipment market during the forecast period. For instance, in 2018, veterinary imaging companies BCF and Echo Control Medical SAS (ECM) merged together to form new imaging division, IMV imaging, under the IMV Technologies group which aims in improving the standards of veterinary imaging.
Growing technological advancements in veterinary imaging and increasing demand for effective diagnostic tools in order to control emerging and re-emerging diseases in animals are the major factors likely to drive the growth of veterinary imaging equipment market during the forecast period. Moreover, offering superior quality of images, reducing the imaging duration and providing advanced precision are also some of the factors likely to boost the veterinary imaging equipment market during the forecast period.
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However, higher installation costs and reluctance towards animal care are likely to restrain the growth of global veterinary imaging equipment market during the forecast period.
Some of the major companies that are present in the global veterinary imaging equipment market are GENERAL ELECTRIC COMPANY, Siemens AG, Agfa-Gevaert Group, Fujifilm Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, Hitachi, Ltd., Esaote SpA, BCF, ONEX Corporation, Hallmarq Veterinary Imaging Ltd., IDEXX Laboratories, Inc., among others.
· Digital Radiography
· Magnetic Resonance Imaging (MRI)
· Computed Tomography
· Ultrasound Systems
· Nuclear Medical Imaging
· Small Companion Animals
· Large Animals
By End User
· Veterinary hospitals
· Veterinary clinics
· Academic & Research organizations
· North America (U.S. and Canada)
· Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Among product segmentation, digital radiograhy segment is anticiapted to hold the largest veterinary market share during the forecast period as radiography provides a high image quality and helps in reducing the the imaging duartion. Among end user segment, veterinary clinics segmnet is anticipated to hold significant share during the projected period owing to growing number of veterinarians and increasing emergency visit of animals suffering from chronic disease.
Advancements in veterinary imaging technology
Recent Key Industry Developments – Mergers, Acquisitions, And Partnerships.
Geographically, the global veterinary imaging equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the global veterinary imaging equipment market during the forecast period owing to the growing prevalence of zoonotic disease, growing awareness about the advanced animal imaging technologies, and increase in pet the population. In addition, growing investments by government organization ion development of advanced veterinary imaging technology and growing partnerships among leading players are likely to fuel the growth of global veterinary imaging equipment market during the forecast period in North America. Asia Pacific region is likely to expand at significantly high growth rate during the forecast period in the veterinary imaging equipment market owing to rising prevalence of diseases in animals such as foot & mouth disease, avian influenza, etc.
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