Global Veterinary Imaging Market- The following document also covers an in depth description, a competitive situation, an extensive variety of marketplace leaders and business strategies followed by using competition with their SWOT evaluation. The value chain evaluation facilitates to analyze foremost raw substances, most important equipment, manufacturing approaches, customer analysis and essential Global Veterinary Imaging Market vendors. The file also presents Porter evaluation, PESTEL analysis and market attractiveness, which allows to better understand the marketplace scenario at macro and micro level. It also gives express information approximately fusions, acquisitions, joint ventures and other critical marketplace activities in recent years. Information on the clientangle, complete evaluation, statistics, market percentage, organisation performance, historic analysisfrom 2012 to 2017, volume, revenue, YOY boom charge and CAGR forecast to 2026 are covered in the file.
Market Analysis: Global Veterinary Imaging Market
Global Veterinary Imaging Market is expected to rise from its initial estimated value of USD 1.43 billion in 2018 to an estimated value of USD 2.4 billion by 2026, registering a CAGR of 6.7% in the forecast period of 2019-2026.
This rise in market value can be attributed to the increasing population of livestock animals
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Key Market Competitors:
Few of the major competitors currently working in the veterinary imaging market are GENERAL ELECTRIC COMPANY (U.S.); Agfa-Gevaert Group. (Belgium); Hallmarq Veterinary Imaging (U.K.); Diagnostic Imaging Systems, Inc. (U.S.); Fujifilm Holdings Corporation (Japan); Esaote SpA (Italy); VCA Inc. (U.S.); Epica Medical Innovations (U.S.); Excelsior Union Limited (Russia); Idexx Laboratories, Inc. (U.S.); Carestream Health, Inc. (US); Sedecal USA, Inc. (U.S.); BCF Technology, Ltd. (U.K.); Minxray Inc. (U.S.); Hitachi, Ltd.(Japan); Canon Inc. (Japan); Siemens AG (Germany); NeuroLogica Corp. (U.S.); E.I. Medical Systems (U.S.); Echo Control Medical (U.S.); Karl Storz GmbH & Co. Kg (Germany); Heska Corporation (U.S.); Chison Medical Imaging Co. Ltd.(China); Allpro Imaging (U.S.); FLIR. (U.S.) Diagnostic Imaging, Inc(U.S.)., E.I. Medical Imaging (US). among others.
Market Definition: Global Veterinary Imaging Market
Veterinary imaging is a noninvasive technique for diagnosis of diseases using electromagnetic radiation or sound waves in small, large, exotic, avian, zoo, and other animals.
According to business Insider, there were an estimated 35000 deaths of dogs every year due to disease, almost more than half of these deaths could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.
- Increasing number of pre-term births taking place globally which requires increased concern and focus on the infants born boosting the growth of the market
- There is an increasing demand for pet insurance and animal health expenditure due to high cost of pets.
- Growth in the animals market in livestock is working as a driver to the market growth
- There is an increase in demand for innovations in veterinary imaging instruments due to rise in number of animals in market.
- Growth in the number of veterinary practitioners & rise in their income levels in developed economies is also expected to act as a driver to the market growth
- Rising demand for animal-derived food products is a driver to the market growth
- High amount of costing of these equipment is expected to act as a restraint to the market growth
- Increased cost in maintain of pets and livestock production is also expected to restrain the market growth
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Segmentation: Global Veterinary Imaging Market
Global Veterinary imaging Market
By Product (Instruments(Radiography (X-Ray) Systems (Direct (Capture), Computed, Film-Based),
By Ultrasound imaging systems (2D Ultrasound imaging, Doppler imaging),
By Computed tomography imaging systems, (Multi-Slice computed tomography systems, Portable computed tomography systems, Video endoscopy imaging systems, Magnetic resonance imaging systems, Other imaging systems), Veterinary imaging reagents, Veterinary software)
By Animal Type (Small companion animals, Large animals, other animals),
By Therapeutic area (Orthopedics and Traumatology, oncology, Neurology, Other Therapeutic areas),
By End-User (Clinics, Hospitals & Academic Institutions),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
- In December 2018, August Equity acquired Hallmarq Veterinary Imaging Ltd. Hallmarq Veterinary Imaging is a global specialist in advanced diagnostics for equine and companion animals. By this acquisition august equity is making step in the animal health sector
- In October 2018, Mobius Imaging, LLC, announced that it has successfully completed a scan through Computed Tomography (CT) of a standing horse . It provides a 32-slice helical scan of the head and neck of a standing horse. It can be used for in standing surgery.
Global veterinary imaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary imaging market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Veterinary Imaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
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The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global veterinary imaging market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Market economy out and out and furthermore for each portion inside?
- Which will be the Market application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of Market opportunity?
- How Market share advance vacillations their value from various assembling brands?
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