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Veterinary Imaging Market Size

Report ID: GMI4067
Published Date: Jun 2022
Report Format: PDF

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Veterinary Imaging Market Size

Veterinary Imaging Market size accounted for over USD 1.6 billion in 2021 and is estimated to grow at a CAGR of 6.3% between 2022 and 2030. Increasing pet population is largely contributing to the overall market growth. Increasing pet adoptions coupled with a rising number of new pet parents is driving the focus on providing quality veterinary care services. This includes periodic health check-ups, early disease detection, optimum treatment as well as faster recovery solutions. This is expected to fuel the veterinary imaging industry demand.

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An increasing number of accidents involving pets also contribute to the rising demand, thereby augmenting the market expansion. Furthermore, increasing research and development activities to develop efficient instruments based on novel technologies specifically for veterinary applications is also driving the global market growth.

Veterinary imaging is field of veterinary medicine that involves collection of medical images of animals in order to diagnose diseases, bone fracture. It identifies problem in bones as well as soft tissues and can assist with detecting nerve damage and dysfunction. Further, it is also identified as one of the powerful tools for tracking recovery progress. Veterinary imaging involves instruments, software as well as consumables/reagents. The veterinary imaging instruments are based on different imaging technologies such as radiography (x-ray), ultrasound, MRI, among others.

Veterinary Imaging Market Report Attributes
Report Attribute	Details
Base Year:	2021
Veterinary Imaging Market Size in 2021:	USD 1,691.5 Million
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	6.3%
2030 Value Projection:	USD 3,015.9 Million
Historical Data for:	2017 to 2021
No. of Pages:	170
Tables, Charts & Figures:	379
Segments covered:	Product, Animal Type, Application, End-use and Region
Growth Drivers:	Surging demand for pet insurance Technological advancements Growing demand for pet adoption in developing economies Increasing animal health expenditure Rising number of veterinary practitioners in developed economies Increasing burden of zoonotic disease
Pitfalls & Challenges:	High cost associated with veterinary imaging instruments

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global veterinary imaging industry size had crossed USD 1.6 billion in 2021 and is poised to record a CAGR of 6.3% between 2022 and 2030 driven by the fast-growing pet population and the increasing number of new pet parents worldwide.

Veterinary imaging instruments held more than 54% of the veterinary imaging industry proportion in 2021 impelled by the immense popularity of advanced imaging modalities, like digital radiography.

The veterinary imaging industry size from the orthopedics and traumatology application segment is expected to strike a 6.2% CAGR through 2030 owing to the rising burden of fracture treatment, joint luxation, congenital disorders, degenerative disease, and limb deformity in cats and dogs.

The veterinary imaging industry share in North America was valued at over USD 712.1 million in 2021 and will witness expansion with the rise in pet adoption and the growing number of veterinary practitioners in the region.