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