Veterinary X-ray Market Analysis

Veterinary X-ray Market Analysis

Based on the technology, the veterinary x-ray market is segmented into computed radiography systems, direct radiography systems, and film-based radiography systems. The computed radiography segment accounted for the largest revenue share of the global market in 2022. This is due to product affordability, easy installation, and wider market exposure. It is also more cost-effective and efficient than direct radiography, which uses film as a medium.
 

Digital X-ray segment held the highest share in 2022 and is expected to grow in the forecast period, owing to its numerous advantages, such as low labour costs, faster capture time, and large profit margins for market players are some of the advantages of adopting digital technology. Furthermore, this technology allows for the creation of photographs within a few seconds of exposure, reducing direct radiation exposure. These reasons contribute to the lucrative development prospects for digital radiography.
 

Based on mobility, the veterinary X-ray market is categorized into stationary X-ray systems and portable X-ray systems. In 2022, the portable X-ray systems segment accounted for the largest market share. The segment growth can be attributed to numerous advantages of portable X-ray systems over analog systems such as cost savings, better efficiency & productivity, patient-centric, and value-based imaging.
 

Based on animal type, the market is segmented into small companion animals, large animals, and other animals. In 2022, the small companion animals segment dominated the market. The large share of this segment can be attributed to the increasing adoption of companion animals, growing concerns of pet owners regarding pet health & increasing willingness to spend on their well-being, and the rising adoption of non-invasive diagnostic imaging systems by animal health practitioners.
 

Based on end user, the veterinary X-ray market is divided into veterinary clinics, veterinary hospitals & academic institutes, and other end-use areas. The veterinary hospitals sector held the largest market share in the industry in 2022. The high demand for X-ray equipment in animal healthcare centers is fuelled by the need for quick, accurate, and cost-effective diagnostic tools. Imaging technology advancements, such as cloud-based information management systems and pet owner mobile technologies are anticipated to promote product adoption in animal healthcare facilities during the forecast period.
 

Based on region, the veterinary X-ray market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the largest market share in 2022. This is owing to the increasing veterinary practice, growing adoption of companion animals, and rising expenditure on pet healthcare in the U.S. The U.S. and Canada have some of the highest rates of pet ownership in the world, with over 60% of households owning a pet. This has led to a significant demand for fraternally services, including X-ray imaging.