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Veterinary X-ray Market Size

Report ID: GMI5638
Published Date: May 2023
Report Format: PDF

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Veterinary X-ray Market Size

Veterinary X-ray Market was valued at around USD 762.7 million in 2022 and is expected to grow substantially at a CAGR of around 6.9% from 2023 to 2032 on account of increasing use of radiography in veterinary orthopedics, dentistry, and traumatology.

Veterinary X-ray Market

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X-ray radiation is used in the medical and healthcare industries for various medical interventions and diagnoses such as catheter placement. Veterinary x-rays are frequently used to detect ailments in animals. One of the key reasons accelerating the growth of the market is the increasing animal medicalization rates due to the rising demand for pet insurance. Rapid technological advancements in animal health, such as the effective incorporation of teleradiology and radiology information systems are driving the market value.

Veterinary X-ray Market Report Attributes
Report Attribute	Details
Base Year:	2022
Veterinary X-ray Market Size in 2022:	USD 762.7 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.9%
2032 Value Projection:	USD 1.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	175
Tables, Charts & Figures:	361
Segments covered:	Technology, Type, Mobility, Animal Type, Application, End user, and Region
Growth Drivers:	Increasing demand of pet insurance and increasing spending on animal healthcare Rise in the number of companion animal ownership Rise in the prevalence of zoonotic diseases Technological developments in animal healthcare industry Increasing use of radiography in veterinary orthopedics, dentistry, and traumatology
Pitfalls & Challenges:	High cost of veterinary X-ray equipment and procedures Exposure to radiation

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The COVID-19 pandemic had a positive impact on veterinary X-ray market, owing to increased demand for portable X-ray equipment. Due to social distancing in quarantine measures, has been a significant increase in demand for portable X-ray equipment which allows veterinarians to perform imaging studies on animals without having to bring them into the clinic or hospital. Portable X-ray equipment also enables veterinarians to perform investigations on animals in remote or inaccessible areas. However, shortage of Xray supplies had a slightly negative impact on market. The COVID-19 pandemic has also led to a shortage of X ray supplies, including X-ray films and chemicals, due to disruption in the supply chain caused by the pandemic.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for veterinary x-ray was around USD 762.7 million in 2022 and will record a 6.9% CAGR from 2023 to 2032.

The digital X-ray segment accounted for the largest share of the market in 2022 as to its numerous benefits such as better efficiency & productivity, cost savings, and value-based imaging.

North America held the largest share in the veterinary x-ray market in 2022 due to factors like increasing veterinary practice, and rising expenditure on pet healthcare in the U.S.

FUJIFILM Holdings Corporation, Heska Corporation, Canon Medical Systems, IDEXX Laboratories, Inc., Siemens Healthcare Limited, Avante Animal Health, GE HealthCare, and Konica Minolta.