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$870 Million Veterinary X-Ray Market - Global Forecast to 2023 - ResearchAndMarkets.com

November 14, 2018

DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “Veterinary X-ray Market by Technology (Direct, Computed, Film), Type (Digital, Analog), Mobility (Fixed, Portable), Animal (Companion, Large Animal), Application (Trauma, Oncology, Dental), End User (Clinic, Hospital) - Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global veterinary X-ray market is projected to reach USD 872 million by 2023 from USD 640 million in 2018, at a CAGR of 6.4% from 2018 to 2023.

Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the veterinary X-ray market during the forecast period. However, the increasing cost of pet care and the high cost of veterinary X-ray equipment and procedures are expected to restrain the growth of this market to a certain extent.

Direct Radiography Systems to Register the Highest Growth During the Forecast Period

On the basis of technology, the veterinary X-ray market is segmented into direct, computed, and film-based radiography systems. The direct radiography systems segment is expected to register the highest CAGR during the forecast period. Growth in this segment is mainly attributed to the rising demand for higher quality images with quick turnaround time and the increasing focus towards radiological dose efficiency.

Digital X-ray Systems to Witness the Highest CAGR During 2018-2023

Based on type, the veterinary X-ray market is segmented into digital X-ray systems and analog X-ray systems. The digital X-ray systems segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the number of benefits offered by digital X-ray systems over analog systems, including cost savings, improved efficiency and productivity, and patient-centric, value-based imaging. Reduced scan times and improved image quality are also key factors driving the adoption of digital radiography systems.

APAC to be the Fastest-growing Region in the Veterinary X-ray Market During the Forecast Period

The Asia Pacific market is projected to register the highest growth rate during the forecast period. Factors such as growing livestock population, increasing pet adoption, rising awareness about animal health, and growing per capita animal health expenditure are some of the key factors driving the growth of the veterinary X-ray market in the Asia Pacific region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Veterinary X-Ray: Market Overview

4.2 Veterinary X-Ray Market: Geographic Growth Opportunities

4.3 North America: Veterinary X-Ray Market, By Technology (2017)

4.4 Regional Mix: Veterinary X-Ray Market (2018-2023)

4.5 Veterinary X-Ray Market: Developed vs Developing Markets, 2018 vs 2023

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Key Market Drivers

5.2.1.1 Growth in Companion Animal Population

5.2.1.2 Rising Demand for Pet Insurance With Growing Animal Health Expenditure

5.2.1.3 Growth in the Number of Veterinary Practitioners and Income Levels in Developed Economies

5.2.2 Key Market Restraints

5.2.2.1 Increasing Pet Care Costs

5.2.2.2 High Cost of Instruments and Procedures

5.2.3 Key Market Opportunities

5.2.3.1 Untapped Emerging Markets

5.2.4 Key Challenges

5.2.4.1 Lack of Animal Healthcare Awareness in Emerging Markets

5.2.4.2 Shortage of Veterinarians in Emerging Markets

6 Veterinary X-Ray Market, By Technology

6.1 Introduction

6.2 Computed Radiography Systems

6.2.1 Computed Radiography Systems Form the Largest Veterinary X-Ray Segment

6.3 Direct Radiography Systems

6.3.1 Direct Radiography Systems are the Fastest-Growing Technology Segment

6.4 Film-Based Radiography Systems

6.4.1 Demand for Film-Based Radiography Systems is High in Emerging Markets Due to Its Overall Cost-Effectiveness

7 Veterinary X-Ray Market, By Type

7.1 Introduction

7.2 Digital X-Ray Systems

7.2.1 Improved Efficiency and Productivity and Value-Based Imaging are the Key Benefits of Digital X-Ray Systems

7.3 Analog X-Ray Systems

7.3.1 Lower-Quality Images and Longer Exposure to Radiation are Important Factors Restricting Market Growth

8 Veterinary X-Ray Market, By Mobility

8.1 Introduction

8.2 Stationary X-Ray Systems

8.2.1 Stationary X-Rays are Most Suitable for Small-Animal Radiographic Examinations

8.3 Portable X-Ray Systems

8.3.1 Portable X-Rays are Best Suited for Outdoor Imaging

9 Veterinary X-Ray Market, By Animal Type

9.1 Introduction

9.2 Small Companion Animals

9.2.1 Rising Companion Animal Population, A Major Factor for the Large Share of This Segment

9.3 Large Animals

9.3.1 Growing Awareness of Animal Health in the Livestock Industry to Drive Market Growth

10 Veterinary X-Ray Market, By Application

10.1 Introduction

10.2 Orthopedics & Trauma

10.2.1 Orthopedics & Trauma Applications Account for the Largest Share of the Market

10.3 Dental Applications

10.3.1 Dental Radiology is the Core Diagnostic Modality for Veterinary Dental Care

10.4 Oncology

10.4.1 Oncology Segment to Register Highest Growth Rate in the Coming Years

10.5 Other Applications

11 Veterinary X-Ray Market, By End User

11.1 Introduction

11.2 Veterinary Hospitals & Academic Institutes

11.2.1 Growing Demand for Modern, State-Of-The-Art Large Veterinary Facilities has Resulted in High Adoption in Hospitals

11.3 Veterinary Clinics

11.3.1 Growing Number of Private Veterinary Clinical Practices are Responsible for Market Growth in This Segment

12 Veterinary X-Ray Market, By Region

13 Competitive Landscape

13.1 Overview

13.2 Market Share Analysis

13.3 Competitive Scenario

13.3.1 Acquisitions

13.3.2 Partnerships

13.3.3 Product Launches

14 Company Profiles

Agfa-Gevaert Group Allpro Imaging Canon Clearvet Control-X Medical DRE Veterinary Examion Fovea Fujifilm Heska Corporation IDEXX Laboratories Konica Minolta Onex Corporation Pixxgen Sedecal Sound Technologies Vetel Diagnostics

For more information about this report visit https://www.researchandmarkets.com/research/82f7g2/870_million?w=4

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Related Topics:Animal Healthcare/Veterinary

KEYWORD:

INDUSTRY KEYWORD: HEALTH RADIOLOGY VETERINARY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/14/2018 10:55 AM/DISC: 11/14/2018 10:55 AM

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