Global Veterinary X-ray Industry Market Research 2030

The global veterinary X-ray market size in 2021 is estimated to be ~USD 600 million and is expected to grow at a compound annual growth rate of 7% during the forecast period 2022-2030. The market is driven by advances in animal health technology, including the effective assimilation of radiological information systems and teleradiology. Increasing attention to animal health innovation is expected to drive demand. For example, in 2018, Vetology Innovations LLC attempted to provide automatic diagnostic tools for X-rays and released radiology software that supports artificial intelligence, which can provide written analysis within 90 seconds of image loading. In addition, the increase in pet adoption, increased demand for diagnostics, and the increasing use of radiography in veterinary dentistry, orthopedics, and trauma are expected to drive demand and drive market growth. The increase in the incidence of zoonotic diseases is expected to drive the demand for effective diagnostic solutions, which is expected to drive the growth of the industry. Increasing demand for dairy and meat products, increased pet adoption, and increasing awareness of the various treatment options available to pets are some of the factors driving growth. Some participants focus on providing technologically advanced products to achieve greater market penetration. These advanced battery-powered, faster, lighter, more portable, and wireless-enabled products are becoming more and more popular than traditional systems on the market. For example, Fujifilm;s FDR flex DR system is used in mixed animal and horse environments, and used in conjunction with the FDR D-EVO panel to help provide enhanced images with minimal radiation dose. The increase in the incidence of orthopedic diseases is an important factor in promoting growth. Veterinary X-ray market. For example, according to the Equine Veterinary Journal (EVJ), oral diseases were found to be the most common in countries such as Egypt in 2017. In addition, according to MyVet Imaging, since the beginning of the use of digital X-ray technology in veterinary care in 2016, the cost of the machine has dropped significantly, making the technology more affordable for veterinarians. Technical insights: As of 2020, due to the increase in market penetration, cost-effectiveness, and ease of installation, as well as faster than film-based radiography and cheaper than direct radiography, computerized radiography dominates. Veterinarians prefer digital radiography to diagnose complex diseases in animals. Due to the rising trend of keeping pets, the demand for effective treatment options is growing. For example, according to a report by the American Veterinary Medical Association, in 2017, pet owners spent $15.42 billion on pet surgery in the United States. On the other hand, direct capture radiography or digital is expected to see lucrative growth during the forecast period. This growth can be attributed to benefits such as efficiency, improved images, ease of access, no chemical processing, and digital storage. In addition, wireless direct/digital radiography, especially for horses or large animals, is expected to increase market demand during the forecast period. Type insight: As of 2020, digital radiography dominates in revenue share due to its various benefits. Some of the benefits of using digital devices are lower labor costs, shorter capture time, and considerable profit margins for market participants. In addition, the technology allows images to be generated within a few seconds after exposure, so direct exposure to radiation can be reduced. These factors create more profitable growth opportunities for digital radiography. Morphological outlook: Due to the high adoption of these devices by veterinarians, portable X-rays will dominate in 2020. This can be attributed to the benefits of using these devices, including ease of use, lightness, and ease of integration with digital devices. These types of radiography equipment are useful for patients who cannot visit the radiology center. Since the use of these systems is limited to the healthcare environment, the fixed market segment is expected to grow steadily in the next few years. It is expected that during the forecast period, the increase in the number of patients visiting veterinary clinics or reference laboratories will drive the adoption of X-ray devices. Veterinary X-rays have many applications in animal medicine in the field of small animals. Humans are witnessing the positive health benefits of pets, which encourages pets. Increasing attention to pets and increasing willingness to spend money on their health, as well as the introduction of cost-effective imaging solutions, are factors expected to drive demand in the coming years. Professionals are contributing to the growth of this market segment. The use of advanced radiographic equipment, a combination of projection and film screens is improving diagnostic results. Therefore, the use of veterinary X-rays in the field of large animals is expected to increase rapidly. Application prospects: As of 2020, orthopedics and traumatology have the highest revenue share. This growth can be attributed to the increase in the number of animal injuries, the high demand for accurate diagnosis, and the increase in the number of animal care facilities. Many applications in veterinary oncology. Due to the increase in the incidence of animal cancer, this part is expected to witness the fastest compound annual growth rate. Increased oncology research activities, increased government support for R&D activities, and increased expenditures for animal health by pet owners are some of the key factors that promote the use of X-rays in oncology by veterinarians. Promote the application of X-ray systems in the dental field. In addition, due to advantages such as faster processing speeds and the possibility of multiple dental sensor exposures, the increasing popularity of digital dental imaging is expected to drive the growth of this segment during the forecast period. End-use information: Veterinary hospitals will dominate the market in 2020. The demand for fast, accurate, and cost-effective diagnostic tools in animal care has led to a high demand for X-ray equipment in animal care facilities. During the forecast period, advances in imaging technology are expected to drive the adoption of animal health facilities. These advancements include cloud-based information management systems and mobile technology for pet owners. Regional perspective : The market is dominated by developed regions such as North America. North America accounts for nearly 46% of the market and is expected to maintain its dominant position throughout the forecast period. This can be attributed to the increase in pet adoption and the increase in healthcare expenditures in the field of animal health. As major players have increased interest in investing in this market, lucrative growth is expected in the Asia-Pacific region. The company increased investment to expand its business in the region, coupled with growing demand for veterinary products, is expected to drive growth. In addition, the increase in research and development, the increase in animal health expenditures, and the supply of low-cost animal health products are also factors that promote growth. Information on the market share of veterinary X-rays: Some of the major players operating in this market are Sound; IDEXX Laboratories Co., Ltd.; Fujifilm Holdings USA; and Carestream Health. Extensive mergers and acquisitions, product portfolio expansion strategies, geographic expansion and collaborative research plans are strategies that are being implemented. Manufacturers focus on research and development to develop innovative diagnostic technologies to gain a competitive advantage over others. Well-known companies are focusing on expanding their distribution channels by acquiring smaller companies, signing cooperation agreements with local companies, and launching new products to achieve better market penetration. Market segments covered by the report: The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research will report on the global veterinary X-ray market based on technology, type, model, animal type, application, end use, and region: technology outlook (revenue, millions of dollars, 2022-2030) direct radiography (Capture) Computer Radiographic Film-Based on Radiographic Outlook Type (Revenue, Million Dollars, 2022-2030) Digital Simulation Model Outlook (Revenue, Million Dollars, 2022-2030) Portable Fixed Animal Type Perspective (Revenue, 100 Million US dollars, 2022-2030) Small companion animals, large animals, other prospective applications (income, million US dollars, 2022-2030) Orthopedics and traumatology, Oncology, Cardiology, Neurology, Dental applications, Other (ophthalmology, urology, etc.) Final Use prospects (revenue, millions of dollars, 2022-2030) Hospital/clinic reference laboratory others

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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