TMRR, in its recent market report, suggests that the Veterinary Imaging market report is set to exceed US$ xx Mn/Bn by 2029. The report finds that the Veterinary Imaging market registered ~US$ xx Mn/Bn in 2018 and is spectated to grow at a healthy CAGR over the foreseeable period. This Veterinary Imaging market study considers 2018 as the base year, 2019 as the estimated year, and 2019 – 2029 as the forecast timeframe.
The Veterinary Imaging market research focuses on the market structure and various factors (positive and negative) affecting the growth of the market. The study encloses a precise evaluation of the Veterinary Imaging market, including growth rate, current scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses. In addition, the Veterinary Imaging market study provides reliable and authentic projections regarding the technical jargon.
Important regions covered in the Veterinary Imaging market research include Region 1 (Country 1, country 2), Region 2 (Country 1, country 2), Region 3 (Country 1, country 2) and Region 4 (Country 1, country 2).
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The Veterinary Imaging market study answers critical questions including:
- What tactics are being utilized by the Veterinary Imaging market players to expand their production footprint in region?
- What are the threats faced by players in the global Veterinary Imaging market mutually?
- Why region holds the majority of share in the global Veterinary Imaging market?
- Why segment has the largest consumption in region?
- Which industries remain the leading consumers of the Veterinary Imaging across the globe?
The content of the Veterinary Imaging market report includes the following insights:
- Growth outlook of the global Veterinary Imaging market in terms of value and volume
- Strategies utilized by different Veterinary Imaging market players.
- Drivers, restraints, opportunities and trends (DROT Analysis) impacting the growth prospect for the Veterinary Imaging over the forecast period.
- End use consumption of the Veterinary Imaging across various regions.
- Identify the ecological impacts of the Veterinary Imaging and what regulations are being imposed on its usage.
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Drivers and Restraints
The global market for veterinary imaging is expected to exhibit a promising pace of growth in the next few years. Chief factors expected to stir demand for new and technologically advanced veterinary imaging technologies across the globe include rising disposable incomes at the hands of population in developing and developed economies, the rising trend of animal care, and the rapid pace of technological development in the field of radiology. The rising numbers of veterinary specialists across the globe are also providing momentum to the overall usage of veterinary imaging technologies for the effective diagnosis and treatment of animal patients.
However, the high costs of most advanced imaging technologies deter pet owners in developing and less developed economies to a significant extent, compelling them to stick to conventional diagnostics and treatment mechanisms. The cost factor could emerge as a major restraint for the global veterinary imaging market, barring it from the immense opportunity in regions such as Asia Pacific and Latin America where the number of pets are significantly rising.
Global Veterinary Imaging Market – Market Potential
Less invasive and remote imaging devices are gaining large scale adoption in the veterinary segment. A number of companies are introducing veterinary imaging devices that can be used in mobile settings. An instance is the Vimago by Epica Medical Innovations, a California-based manufacturer of innovative imaging and regerative therapy devices for human as well as animal patients. Vimago is a computed tomography (CT) imaging technology that uses nearly 60-90% less radiation as compared to conventional CT scanners, making the device easily suitable for mobile settings.
The device recently came into wider attention when its use for performing a scan on a marmoset was telecast on a Nat Geo Wild show, Dr. K’s Exotic Animal ER. The provider, Miami based mobile veterinary imaging company Mobile Pet Imaging, transported the high-definition, mobile CT scanner, Vimago, to a clean, safe, and tranquil place in a custom-built truck designed specifically to safely transport high-tech instruments.
Global Veterinary Imaging Market – Geographical Dynamics
The report covers the market for veterinary imaging across regions such as North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of these, the markets across North America and Europe are presently the leading contributors of revenue to the global market. These regions are also the leading contributors to the technological development of the market, thanks to the presence of a number of leading medical imaging companies.
The large number of pets, high disposable incomes, high expenditure on pet care, easy availability of technologically advanced imaging devices, and a large pool of veterinary practitioners are the key factors driving the North America and Europe market for veterinary imaging. These factors will continue to drive the demand for a variety of veterinary imaging technologies in these regions in the next few years as well, allowing them to retain their top spots in the global market over the forecast period.
Global Veterinary Imaging Market – Competitive Landscape
The vendor landscape of the global veterinary imaging market features a large number of vendors having well-established operations in the area of medical imaging. Some of the leading companies in the market are Agfa- Gevaert N.V., IDEXX Laboratories, Inc., Siemens AG, Canon Inc., Excelsior Union Limited, Onex Corporation, Hitachi, Ltd, Hallmarq Veterinary Imaging Ltd., GE Healthcare, Fujifilm Holdings Corporation, and BCF Technology, Ltd.
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All the players running in the global Veterinary Imaging market are elaborated thoroughly in the Veterinary Imaging market report on the basis of R&D developments, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines, legal policies, and comparative analysis between the leading and emerging Veterinary Imaging market players.
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This post was originally published on Kentucky Reports