Pune, Maharashtra -- (SBWire) -- 02/19/2019 --Sales of MRI Systems to Register the Highest CAGR through 2022
X-ray systems will remain the top-selling product in the global veterinary imaging systems market. Revenues from X-ray systems will account for over one-third share of the market during 2017 to 2022. Dominance of x-ray systems is mainly attributed to their provision of consistent high-quality images, and rise in shifts of preference toward this technology by veterinarians. However, sales of MRI systems will register the highest CAGR in the market through 2022, based on product type.
Small Companion Animals to Remain a Lucrative Segment in the Market
By animal type, sales of veterinary imaging systems for diagnosis of small companion animals are expected to surpass revenues worth US$ 1,000 Mn by 2022-end. The adoption of companion animals is witnessing a significant rise, coupled with rising incidences of disease outbreaks in these animals. These factors are driving adoption of veterinary imaging systems for small companion animals.
North America is projected to remain the most lucrative market for veterinary imaging systems, with sales poised to reach nearly US$ 600 Mn in revenues by 2022-end. In addition, sales of veterinary imaging systems in North America, and Asia-Pacific excluding Japan (APEJ) are expected to register a parallel expansion at 7% CAGR through 2022. Growth of the market in North America is driven by the rise in purchasing power of people, coupled with increased awareness about tumors and cancers in companion animals. The market in APEJ, although untapped until the recent past, is expected to witness a considerable expansion, especially in India and China, where the concept of companion animals is gaining higher popularity.
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Competition Tracking
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.
Animal healthcare spending has gained an uptick over the recent past, with increased number of veterinary practitioners, and significant rise in pet insurance purchases. Demand for veterinary imaging instruments is rising for taking proper care of pets such as dogs and cats, as these instruments help in detecting sinus/nasal diseases by differentiating neoplasia from rhinitis. This further helps in guiding biopsy test results. These instruments also offer increased sensitivity for detection of brain hemorrhage and skull fractures. Veterinary imaging systems have undergone various technical enhancements over the past few years. These systems allow visualization of several types of brain tumors, eliminating use of film jackets, film, dark room, and photo processing supplies, thereby reducing cost of diagnosis. In addition, the concept of insurance services for pet animals has been gaining prevalence, especially in developed regions such as North America and Europe. The aforementioned factors are expected to foster growth of global veterinary imaging systems market.
Animal healthcare spending has gained an uptick over the recent past, with increased number of veterinary practitioners, and significant rise in pet insurance purchases. Demand for veterinary imaging instruments is rising for taking proper care of pets such as dogs and cats, as these instruments help in detecting sinus/nasal diseases by differentiating neoplasia from rhinitis. This further helps in guiding biopsy test results. These instruments also offer increased sensitivity for detection of brain hemorrhage and skull fractures. Veterinary imaging systems have undergone various technical enhancements over the past few years. These systems allow visualization of several types of brain tumors, eliminating use of film jackets, film, dark room, and photo processing supplies, thereby reducing cost of diagnosis. In addition, the concept of insurance services for pet animals has been gaining prevalence, especially in developed regions such as North America and Europe. The aforementioned factors are expected to foster growth of global veterinary imaging systems market.
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Detailed TOC of Global Veterinary Imaging Systems Market by Manufacturers, Regions, Type and Application, Forecast to 2022
1. Global Veterinary Imaging Systems Market - Executive Summary
2. Global Veterinary Imaging Systems Market Overview
2.1. Introduction
2.1.1. Global Veterinary Imaging Systems Market Taxonomy
2.1.2. Global Veterinary Imaging Systems Market Definition
2.2. Global Veterinary Imaging Systems Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Veterinary Imaging Systems Market Y-o-Y Growth
2.3. Global Veterinary Imaging Systems Market Dynamics
2.4. Regulations
2.5. Supply Chain
2.6. Cost Structure
2.7. Average Pricing Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
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3. Global Veterinary Imaging Systems Market Analysis and Forecast By Product Type
3.1. Global Veterinary Imaging Systems Market Size and Forecast By Product Type, 2012-2022
3.1.1. Ultrasound Systems Veterinary Imaging Systems Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. MRI Veterinary Imaging Systems Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. X-Ray Systems Veterinary Imaging Systems Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Endoscopy Devices Veterinary Imaging Systems Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Other Veterinary Imaging Systems Market Size and Forecast, 2012-2022
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
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4. Global Veterinary Imaging Systems Market Analysis and Forecast By End User
4.1. Global Veterinary Imaging Systems Market Size and Forecast By End User, 2012-2022
4.1.1. Hospitals Veterinary Imaging Systems Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Veterinary Clinics Veterinary Imaging Systems Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
5. Global Veterinary Imaging Systems Market Analysis and Forecast By Animal
5.1. Global Veterinary Imaging Systems Market Size and Forecast By Animal, 2012-2022
5.1.1. Small Companion Animals Veterinary Imaging Systems Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Region
5.1.1.2. Market Share Comparison, By Region
5.1.1.3. Y-o-Y growth Comparison, By Region
5.1.2. Large Animals Veterinary Imaging Systems Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Region
5.1.2.2. Market Share Comparison, By Region
5.1.2.3. Y-o-Y growth Comparison, By Region
And Continue....
List of Figures, Tables and Charts Available in Global Veterinary Imaging Systems Market 2017 by Manufacturers, Regions, Type and Application, Forecast to 2022
TABLE 1 Global Veterinary Imaging Systems Market Value (US$ Mn), 2012-2016
TABLE 2 Global Veterinary Imaging Systems Market Value (US$ Mn), 2017-2022
TABLE 3 Global Veterinary Imaging Systems Market Value (US$ Mn) and Y-o-Y, 2015-2022
TABLE 4 Global Ultrasound Systems Segment Value (US$ Mn), By Region 2012-2016
TABLE 5 Global Ultrasound Systems Segment Value (US$ Mn), By Region 2017-2022
TABLE 6 Global Ultrasound Systems Segment Market Share, By Region 2012-2016
TABLE 7 Global Ultrasound Systems Segment Market Share, By Region 2017-2022
TABLE 8 Global Ultrasound Systems Segment Y-o-Y, By Region 2015-2022
TABLE 9 Global MRI Segment Value (US$ Mn), By Region 2012-2016
TABLE 10 Global MRI Segment Value (US$ Mn), By Region 2017-2022
TABLE 11 Global MRI Segment Market Share, By Region 2012-2016
TABLE 12 Global MRI Segment Market Share, By Region 2017-2022
TABLE 13 Global MRI Segment Y-o-Y, By Region 2015-2022
TABLE 14 Global X-Ray Systems Segment Value (US$ Mn), By Region 2012-2016
TABLE 15 Global X-Ray Systems Segment Value (US$ Mn), By Region 2017-2022
And Continue...
FIG. 1 Global Veterinary Imaging Systems Market Value (US$ Mn), 2012-2016
FIG. 2 Global Veterinary Imaging Systems Market Value (US$ Mn) Forecast, 2017-2022
FIG. 3 Global Veterinary Imaging Systems Market Value (US$ Mn) and Y-o-Y, 2015-2022
FIG. 4 Global Ultrasound Systems Segment Market Value (US$ Mn) By Region, 2012-2016
FIG. 5 Global Ultrasound Systems Segment Market Value (US$ Mn) By Region, 2017-2022
FIG. 6 Global Ultrasound Systems Segment Y-o-Y Growth Rate, By Region, 2015-2022
FIG. 7 Global MRI Segment Market Value (US$ Mn) By Region, 2012-2016
FIG. 8 Global MRI Segment Market Value (US$ Mn) By Region, 2017-2022
FIG. 9 Global MRI Segment Y-o-Y Growth Rate, By Region, 2015-2022
FIG. 10 Global X-Ray Systems Segment Market Value (US$ Mn) By Region, 2012-2016
FIG. 11 Global X-Ray Systems Segment Market Value (US$ Mn) By Region, 2017-2022
And Continue...
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FactMR Releases New Report on the Veterinary Imaging Systems Market 2018-2028
Fact.MR has announced the addition of the “ Veterinary Imaging Systems Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.