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The veterinary imaging equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Veterinary Imaging Equipment Market Size In 2022 And Forecast

The global veterinary imaging equipment market is expected to grow from $1.65 billion in 2021 to $1.76 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global veterinary imaging equipment market size is expected to grow to $2.27 billion in 2026 at a CAGR of 6.6%.

The veterinary imaging equipment market consists of sales of veterinary imaging equipment by entities (organizations, sole traders, and partnerships) that produce veterinary diagnostic equipment used to obtain medical images of animals for the diagnosis of various diseases.

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Rising Livestock Population Is Driving The Growth Of The Veterinary Imaging Equipment Market

For instance, the global cattle or cow population increased to 989.03 million in 2019. Moreover, according to the Food and Agriculture Organization of the United Nations, the global cattle population is projected to increase to 2.6 billion by 2050 and the global population of goats and sheep is predicted to reach 2.7 billion by the end of 2050. Consequently, growth in the livestock population is expected to trigger the demand for veterinary imaging equipment in the forecast period.

Competitive Landscape And The Regional Analysis Of The Veterinary Imaging Equipment Market

Major players in the veterinary imaging equipment market are Agfa-Gevaert N.V., Canon Inc., Excelsior Union Limited, Fujifilm Holdings Corporation, Hitachi Ltd., Onex Corporation, Siemens AG, GE Healthcare, Chison, and IDEXX.

Additionally, as per TBRC’s research – North America was the largest region in the veterinary imaging equipment market in 2021 holding the largest market share.

The Veterinary Imaging Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary imaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the veterinary imaging equipment market.

Launch Of Portable Or Wireless Devices – A Key Trend In The Veterinary Imaging Equipment Market

Key companies operating in the veterinary imaging equipment market are focusing on the launch of portable or wireless devices to provide better solutions for effective veterinary technologies, which is projected to be a leading trend in the veterinary imaging equipment market.

Veterinary Imaging Equipment Market Segmentation By The Business Research Company

1) By Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types

2) By End User: Veterinary Hospitals, Veterinary Clinics, Academic and Research Organizations, Other End Users

3) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications

4) By Animal Type: Small Companion Animals, Large Animals, Other Animal Types

5) By Modality: Portable, Stationery

Here Are Some Reports Related To The Veterinary Imaging Equipment Market –

Veterinary Vaccines Market Report 2022

Animal Medicine Global Market Report 2022

Veterinary Antibiotics Global Market Report 2022

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