Veterinary Imaging Market Rising in United States and United Kingdom | Fortune Business Insights
The global veterinary imaging market is set to gain impetus from the increasing shift towards digital X–ray detectors. They are capable of storing images digitally, fully implementing the picture archiving and communication system (PACS), and making the images available anywhere at any time. Fortune Business Insights™ mentioned this information in a new report, titled, “Veterinary Imaging Market Size, Share & COVID-19 Impact Analysis, By Product Type (X-ray, Ultrasound, Computed Tomography Systems, Magnetic Resonance Imaging Systems, and Others); By Application (Neurology, Oncology, Cardiology, Gynecology, Orthopedics, and Others); By Animal Type (Livestock Animals and Companion Animals), by End User (Veterinary Hospitals, Diagnostic Imaging Centers, and Others), and Regional Forecast 2020-2027.” The report further states that the veterinary imaging market size was USD 1.46 billion in 2019 and is projected to reach USD 2.07 billion by 2027, exhibiting a CAGR of 6.1% during the forecast period.
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|
North America |
United States, Canada and Mexico |
|
Europe |
Germany, UK, France, Italy, Russia and Turkey
etc. |
|
Asia-Pacific |
China, Japan, Korea, India, Australia, Indonesia,
Thailand, Philippines, Malaysia and Vietnam etc. |
|
South America |
Brazil, Argentina, Columbia etc. |
|
Middle East & Africa |
Saudi Arabia, UAE, Egypt, Nigeria and South
Africa |
In April 2020, Heska Corporation, a manufacturer of
companion animal health products based in the U.S. acquired scil animal care
company GmbH for USD 110 million from Covetrus, Inc. It would enable the
company to serve millions of pets through tens of thousands of point of care
analyzers and veterinarians around the world. Heska is looking forward to
reaching around 25 countries and bag the top position in the market.
Rising Incidence of
Cardiovascular Diseases & Cancers to Aid Growth
The prevalence of various diseases, such as orthopedic
disorders, cancer, and cardiovascular disease is surging among animals across
the globe. As per a study by ResearchGate conducted in 2019, the cases of
osteoarthritis (OA) in pets increased by 150% in cats and 66% in dogs in the
past decade. This factor is expected to boost the veterinary imaging systems
market growth in the coming years and also drive the demand for veterinary
medicines. However, the COVID-19 pandemic is affecting the demand for
veterinary imaging owing to the postponement or cancellation of non-essential
services in healthcare centers.
COVID-19:
Cancellation or Postponement of Non-Essential Services to Decline Growth
The outbreak of the COVID-19 pandemic
has taken a toll on the market by postponing or cancelling non-essential
services. Veterinary practices are currently undergoing multiple changes to
help patients receive vital care. Besides, new measures to prevent the
transmission of coronavirus were deployed in healthcare institutes. We are
providing accurate research reports for making you better understand the
scenario of the global veterinary imaging market.
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This Report Answers the Following Questions:
·
Which segment is anticipated to lead
the market?
·
How will veterinary imaging equipment
manufacturers surge sales?
·
Will the outbreak of the COVID-19
pandemic affect the market negatively?
·
What are the current innovations and
developments happening in the market?
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