Veterinary Imaging Equipment Market Report 2023: Market Size, Drivers, And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The worldwide veterinary imaging equipment market is projected to increase from $1.76 billion in 2022 to $1.88 billion in 2023, demonstrating a 6.7% CAGR. By 2027, it’s expected to reach $2.43 billion, with a 6.6% CAGR.
North America held the largest veterinary imaging equipment market share.
Veterinary Imaging Equipment Market Driver
The expanding livestock population is set to raise demand for veterinary imaging equipment. The rise in livestock numbers and related diseases is projected to fuel the need for veterinary medical equipment, including imaging tools, to diagnose and treat animal illnesses. According to the Food and Agriculture Organization of the United Nations, global cattle numbers are expected to reach 2.6 billion by 2050, with goats and sheep projected to reach 2.7 billion by the same year. Consequently, the growth in livestock numbers will drive demand for veterinary imaging equipment in the coming years.
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Prominent Veterinary Imaging Equipment Market Trend
Leading companies in the veterinary imaging equipment sector are emphasizing the introduction of portable or wireless devices, a significant trend in the market. For instance, Planmed, a Finnish imaging system manufacturer, unveiled the Planmed Verity® VET in September 2022, a high-resolution CT scanner designed specifically for animal imaging. It provides detailed submillimeter-resolution 3D images of the animal’s skeletal structures, facilitating precise diagnosis and treatment planning. The portable and compact design of the Planmed Verity VET scanner offers convenient access to 3D imaging at the point of need.
Veterinary Imaging Equipment Market Prominent Players
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.
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Key Veterinary Imaging Equipment Market Segments
The global veterinary imaging equipment market is segmented –
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
The Veterinary Imaging Equipment Global Market Report 2023 provides a comprehensive overview on the veterinary imaging equipment market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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