Veterinary Imaging Systems Market: Sales of MRI Systems to Register the Highest CAGR through 2022

Published: Fri Apr 12 2019

 Rising health awareness about pet animals, coupled with increase in adoption of diagnostic instruments for taking proper care of pets is driving the expansion of the global veterinary imaging systems market. Veterinary imaging systems enable visualization of brain tumors, and do not require
dark room, photo processing supplies, films, and film jackets, which in turn lowers cost of diagnosis. This Fact.MR report analyzes the expansion of global veterinary imaging systems market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

Veterinary imaging has had the challenge and privilege that go in tandem with continued development of present and novel imaging modalities and technologies. Although an array of imaging technologies can be found, most of them are based either on electromagnetic waves or sound.

The omnipresence of ultrasound and pervasiveness of magnetic resonance imaging and computed tomography are advancements which remained unanticipated a few decades ago. Such advancements in technology have had an overwhelming influence on veterinary imaging.

Fact.MR’s report projects the global market for veterinary imaging to exhibit an above-average CAGR throughout the forecast period 2017 to 2022. Revenues from global sales of veterinary imaging systems are expected to exceed US$ 2,000 Mn by 2022-end.

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Veterinary imaging is well placed vis-à-vis medical imaging as far as regulations are concerned. Machine learning algorithms need access to huge amounts of classified data, while this is technically feasible; it could bring distress for medico-legal reasons.

Spending on pet purchases, veterinary services and medical services have been following human health-care spending in the U.S., according to the annual data from the Bureau of Labor Statistics’ Consumer Expenditure Survey. Changing perception with respect to animals which has led to the transition of the pet to a near fully-fledged family member and advancement in veterinary technology have positive influence in the veterinary imaging systems market. Owning a pet has been linked with stress reduction, heart disease prevention and lessening blood pressure.

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Veterinary Imaging Systems: Overview

The report moots a comprehensive analysis on the market for veterinary imaging systems for the assessment period 2018-2026. The report also delves into the dynamics surrounding the veterinary imaging systems which significantly influence the growth of the market.

Furthermore, the report elucidates the segregation of the market which is anticipated to provide readers with an actionable insights which will aid them in taking proper decision based on segments historical and future growth estimates.

The report focuses on cost structure and supply chain to provide a holistic view of the veterinary imaging systems market. The report provides a coherent assessment through average pricing analysis. The report also includes regional and country-wise assessment.

A qualitative and quantitative information has been obtained for the forecast and assessment on the veterinary imaging systems market. The research sources include primary and secondary sources which have been further examined by in-house panel of experts. The growth of end use industries in the historical and forecast period have been estimated to aid the readers with their business investment decisions. The market size of the veterinary imaging systems is the result of revenue comparison, market share comparison and Y-o-Y growth comparison on the geography. 

Veterinary Imaging Systems: Competitive Landscape

Major market players being instrumental for the growth of the veterinary imaging systems market are profiled and assessed on the basis of company overview, financial overview, product offering, recent development, key differentiators and strategies. The report also includes SWOT analysis to provide a holistic picture of the competitive scenario of the veterinary imaging systems market. A deep dive analysis of the major market players becomes indispensable as it will succor readers to make proper decision to enlarge their business and can comprehend strategic moves made by prominent players in the veterinary imaging systems market.

Key players identified in the global market for veterinary imaging systems are Hitachi Aloka Medical Ltd., Esaote SpA, Canon U.S.A. Inc., FUJIFILM Holdings Corporation, Mindray Medical International Limited, Minxray Inc., Hallmarq Veterinary Imaging Ltd, IDEXX Laboratories, Inc., Agfa-Gevaert N.V., and General Electric Company.

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