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Veterinary Imaging Market by Product Type, Animal Type, Application and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 275 Pages
  • December 2019
  • Region: Global
  • Allied Market Research
  • ID: 4990139
Description Jump to:
The global veterinary imaging market was valued at $1,620 million in 2018, and is projected to reach $2,651 million by 2026, registering a CAGR of 6.3%. Veterinary imaging is a branch of veterinary medicine that is used to obtain medical images of animals for diagnosis of the disease. Imaging systems such as radiography X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and others, are used to diagnose diseases in companion animals, large animals, live-stock animals, and others.



The veterinary imaging market is expected to experience significant growth during the forecast period owing to an increase in adoption of companion animals, rise in animal health awareness, and growth in prevalence of animal disease with a surge in expenditure on animal welfare majorly driving the market growth. In addition, rise in pet insurance purchase, technological advancements in veterinary imaging systems, increase in number of veterinary hospitals with a surge in number of veterinary professionals, further supports the market growth.

The global veterinary imaging market is segmented Based on the product type, animal type, application, end user, and region. Based on the product type, the market is classified as instrument and reagents. According to animal type, the market is categorized as companion animals, large animals, and others. Applications such as orthopedics & traumatology, oncology, cardiology, neurology, and others, are covered in the report. On the basis of end user market is categorized into clinics & hospitals, reference labs, and others. Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
  • A comprehensive analysis of all the geographical regions is provided to determine the existing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.

KEY MARKET SEGMENTS

By Modality Type
  • Instrument
  • Reagents
  • Others

By Animal Type
  • Companion Animals
  • Large Animals
  • Other Animals

By Application
  • Orthopedics & Traumatology
  • Oncology
  • Cardiology
  • Neurology
  • Other Application

By End User
  • Clinics and Hospitals
  • Reference Labs
  • Other End User

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT
  • Agfa-Gevaert N.V.
  • Esaote SpA
  • Fujifilm holdings corp. (Sonosite, Inc.)
  • General Electric (GE Healthcare)
  • IMV Technologies group, (IMV imaging)
  • IDEXX Laboratories, Inc.
  • Mindray Medical International Ltd
  • MinXray, Inc.
  • Siemens AG
  • Toshiba Corporation (Canon Medical Systems Corporation)

LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
  • Sound
  • SUNI Medical Imaging, Inc.
  • Carestream Health
Frequently Asked Questions about the Global Veterinary Imaging Market

What is the estimated value of the Global Veterinary Imaging Market?

The Global Veterinary Imaging Market was estimated to be valued at $1620 million in 2018.

What is the growth rate of the Global Veterinary Imaging Market?

The growth rate of the Global Veterinary Imaging Market is 6.3%, with an estimated value of $2651 million by 2026.

What is the forecasted size of the Global Veterinary Imaging Market?

The Global Veterinary Imaging Market is estimated to be worth $2651 million by 2026.

Who are the key companies in the Global Veterinary Imaging Market?

Key companies in the Global Veterinary Imaging Market include Agfa, Gevaert N.V., Esaote SpA, Fujifilm holdings corp. (Sonosite Inc.), General Electric (GE Healthcare), IMV Technologies group, (IMV imaging), IDEXX Laboratories Inc., Mindray Medical International Ltd. and MinXray Inc..
Report AttributeDetails
No. of Pages275
PublishedDecember 2019
Forecast Period2018 - 2026
Estimated Market Value ( USD ) in 2018 $ 1620 million
Forecasted Market Value ( USD ) by 2026 $ 2651 million
Compound Annual Growth Rate6.3%
Regions CoveredGlobal
No. of Companies Mentioned10

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.3.1. List of Key Players Profiled In The Report
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Key Findings
2.2.1. Top Investment Pockets
2.3. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Veterinary Imaging Industry/Market
3.2.1. Moderate Power of Suppliers
3.2.2. High Threat of New Entrants
3.2.3. High Threat of Substitution
3.2.4. Moderate Competitive Rivalry
3.2.5. Moderate Power of Buyers
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increase In Pet Ownership
3.3.1.2. Technological Advancement In Veterinary Imaging Systems
3.3.1.3. Surge In Spending On Animal Health
3.3.2. Restraint
3.3.2.1. Lack of Veterinary Infrastructure Facilities In Underdeveloped Nations
3.3.3. Opportunities
3.3.3.1. Growth Opportunities In Emerging Markets
3.3.4. Impact Analysis
Chapter 4: Veterinary Imaging Market, By Product Type
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Instrument
4.2.1. Key Market Trends And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Veterinary Imaging Reagents
4.3.1. Key Market Trends And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
4.4. Others
4.4.1. Key Market Trends And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis, By Country
Chapter 5: Veterinary Imaging Market, By Animal Type
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Companion Animals
5.2.1. Market Size And Forecast
5.2.2. Market Analysis, By Country
5.3. Large Animals
5.3.1. Market Size And Forecast
5.3.2. Market Analysis, By Country
5.4. Other Animals
5.4.1. Market Size And Forecast
5.4.2. Market Analysis, By Country
Chapter 6: Veterinary Imaging Market, By Application
6.1. Overview
6.1.1. Market Size And Forecast
6.2. Orthopedics & Traumatology
6.2.1. Market Size And Forecast
6.2.2. Market Analysis, By Country
6.3. Oncology
6.3.1. Market Size And Forecast
6.3.2. Market Analysis, By Country
6.4. Cardiology
6.4.1. Market Size And Forecast
6.4.2. Market Analysis, By Country
6.5. Neurology
6.5.1. Market Size And Forecast
6.5.2. Market Analysis, By Country
6.6. Others
6.6.1. Market Size And Forecast
6.6.2. Market Analysis, By Country
Chapter 7: Veterinary Imaging Market, By End User
7.1. Overview
7.1.1. Market Size And Forecast
7.2. Veterinary Clinics & Hospitals
7.2.1. Market Size And Forecast
7.2.2. Market Analysis, By Country
7.3. Veterinary Laboratories
7.3.1. Market Size And Forecast
7.3.2. Market Analysis, By Country
7.4. Others
7.4.1. Market Size And Forecast, By Region
7.4.2. Market Analysis, By Country
Chapter 8: Veterinary Imaging Market, By Region
8.1. Overview
8.1.1. Market Size And Forecast
8.2. North America
8.2.1. Key Market Trends, Growth Factors, And Opportunities
8.2.2. Market Size And Forecast, By Country
8.2.2.1. U.S.
8.2.2.1.1. U.S. Veterinary Imaging Market, By Product Type
8.2.2.1.2. U.S. Veterinary Imaging Market, By Animal Type
8.2.2.1.3. U.S. Veterinary Imaging Market, By Application
8.2.2.1.4. U.S. Veterinary Imaging Market, By End User
8.2.2.2. Canada
8.2.2.2.1. Canada Veterinary Imaging Market, By Product Type
8.2.2.2.2. Canada Veterinary Imaging Market, By Animal Type
8.2.2.2.3. Canada Veterinary Imaging Market, By Application
8.2.2.2.4. Canada Veterinary Imaging Market, By End User
8.2.2.3. Mexico
8.2.2.3.1. Mexico Veterinary Imaging Market, By Product Type
8.2.2.3.2. Mexico Veterinary Imaging Market, By Animal Type
8.2.2.3.3. Mexico Veterinary Imaging Market, By Application
8.2.2.3.4. Mexico Veterinary Imaging Market, By End User
8.2.3. North America Market Size And Forecast, By Product Type
8.2.4. North America Veterinary Imaging Market, By Animal Type
8.2.5. North America Veterinary Imaging Market, By Application
8.2.6. North America Veterinary Imaging Market, By End User
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, And Opportunities
8.3.2. Market Size And Forecast, By Country
8.3.2.1. Germany
8.3.2.1.1. Germany Veterinary Imaging Market, By Product Type
8.3.2.1.2. Germany Veterinary Imaging Market, By Animal Type
8.3.2.1.3. Germany Veterinary Imaging Market, By Application
8.3.2.1.4. Germany Veterinary Imaging Market, By End User
8.3.2.2. France
8.3.2.2.1. France Veterinary Imaging Market, By Product Type
8.3.2.2.2. France Veterinary Imaging Market, By Animal Type
8.3.2.2.3. France Veterinary Imaging Market, By Application
8.3.2.2.4. France Veterinary Imaging Market, By End User
8.3.2.3. UK
8.3.2.3.1. UK Veterinary Imaging Market, By Product Type
8.3.2.3.2. UK Veterinary Imaging Market, By Animal Type
8.3.2.3.3. UK Veterinary Imaging Market, By Application
8.3.2.3.4. UK Veterinary Imaging Market, By End User
8.3.2.5. Italy
8.3.2.5.1. Italy Veterinary Imaging Market, By Product Type
8.3.2.5.2. Italy Veterinary Imaging Market, By Animal Type
8.3.2.5.3. Italy Veterinary Imaging Market, By Application
8.3.2.5.4. Italy Veterinary Imaging Market, By End User
8.3.2.6. Spain
8.3.2.6.1. Spain Veterinary Imaging Market, By Product Type
8.3.2.6.2. Spain Veterinary Imaging Market, By Animal Type
8.3.2.6.3. Spain Veterinary Imaging Market, By Application
8.3.2.6.4. Spain Veterinary Imaging Market, By End User
8.3.2.7. Rest of Europe
8.3.2.7.1. Rest of Europe Veterinary Imaging Market, By Product Type
8.3.2.7.2. Rest of Europe Veterinary Imaging Market, By Animal Type
8.3.2.7.3. Rest of Europe Veterinary Imaging Market, By Application
8.3.2.7.4. Rest of Europe Veterinary Imaging Market, By End User
8.3.3. Europe Market Size And Forecast, By Product Type
8.3.4. Europe Veterinary Imaging Market, By Animal Type
8.3.5. Europe Veterinary Imaging Market, By Application
8.3.6. Europe Veterinary Imaging Market, By End User
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, And Opportunities
8.4.2. Market Size And Forecast, By Country
8.4.2.1. Japan
8.4.2.1.1. Japan Veterinary Imaging Market, By Product Type
8.4.2.1.2. Japan Veterinary Imaging Market, By Animal Type
8.4.2.1.3. Japan Veterinary Imaging Market, By Application
8.4.2.1.4. Japan Veterinary Imaging Market, By End User
8.4.2.2. China
8.4.2.2.1. China Veterinary Imaging Market, By Product Type
8.4.2.2.2. China Veterinary Imaging Market, By Animal Type
8.4.2.2.3. China Veterinary Imaging Market, By Application
8.4.2.2.4. China Veterinary Imaging Market, By End User
8.4.2.3. Australia
8.4.2.3.1. Australia Veterinary Imaging Market, By Product Type
8.4.2.3.2. Australia Veterinary Imaging Market, By Animal Type
8.4.2.3.3. Australia Veterinary Imaging Market, By Application
8.4.2.3.4. Australia Veterinary Imaging Market, By End User
8.4.2.5. India
8.4.2.5.1. India Veterinary Imaging Market, By Product Type
8.4.2.5.2. India Veterinary Imaging Market, By Animal Type
8.4.2.5.3. India Veterinary Imaging Market, By Application
8.4.2.5.4. India Veterinary Imaging Market, By End User
8.4.2.6. South Korea
8.4.2.6.1. South Korea Veterinary Imaging Market, By Product Type
8.4.2.6.2. South Korea Veterinary Imaging Market, By Animal Type
8.4.2.6.3. South Korea Veterinary Imaging Market, By Application
8.4.2.6.4. South Korea Veterinary Imaging Market, By End User
8.4.2.7. Rest of Asia-Pacific
8.4.2.7.1. Rest of Asia-Pacific Veterinary Imaging Market, By Product Type
8.4.2.7.2. Rest of Asia-Pacific Veterinary Imaging Market, By Animal Type
8.4.2.7.3. Rest of Asia-Pacific Veterinary Imaging Market, By Application
8.4.2.7.4. Rest of Asia-Pacific Veterinary Imaging Market, By End User
8.4.3. Asia-Pacific Market Size And Forecast, By Product Type
8.4.4. Asia-Pacific Veterinary Imaging Market, By Animal Type
8.4.5. Asia-Pacific Veterinary Imaging Market, By Application
8.4.6. Asia-Pacific Veterinary Imaging Market, By End User
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors, And Opportunities
8.5.2. Market Size And Forecast, By Country
8.5.2.1. Brazil
8.5.2.1.1. Brazil Veterinary Imaging Market, By Product Type
8.5.2.1.2. Brazil Veterinary Imaging Market, By Animal Type
8.5.2.1.3. Brazil Veterinary Imaging Market, By Application
8.5.2.1.4. Brazil Veterinary Imaging Market, By End User
8.5.2.3. Saudi Arabia
8.5.2.3.1. Saudi Arabia Veterinary Imaging Market, By Product Type
8.5.2.3.2. Saudi Arabia Veterinary Imaging Market, By Animal Type
8.5.2.3.3. Saudi Arabia Veterinary Imaging Market, By Application
8.5.2.3.4. Saudi Arabia Veterinary Imaging Market, By End User
8.5.2.4. South Africa
8.5.2.4.1. South Africa Veterinary Imaging Market, By Product Type
8.5.2.4.2. South Africa Veterinary Imaging Market, By Animal Type
8.5.2.4.3. South Africa Veterinary Imaging Market, By Application
8.5.2.4.4. South Africa Veterinary Imaging Market, By End User
8.5.2.5. Rest of Lamea
8.5.2.5.1. Rest of Lamea Veterinary Imaging Market, By Product Type
8.5.2.5.2. Rest of Lamea Veterinary Imaging Market, By Animal Type
8.5.2.5.3. Rest of Lamea Veterinary Imaging Market, By Application
8.5.2.5.4. Rest of Lamea Veterinary Imaging Market, By End User
8.5.3. Lamea Market Size And Forecast, By Product Type
8.5.4. Lamea Veterinary Imaging Market, By Animal Type
8.5.5. Lamea Veterinary Imaging Market, By Application
8.5.6. Lamea Veterinary Imaging Market, By End User
Chapter 9: Company Profiles
9.1. Agfa- Gevaert N.V.
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves And Developments
9.2. Esaote Spa
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.3. Fujifilm Holdings Corp. (Sonosite, Inc.)
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. Business Performance
9.4. General Electric (Ge Healthcare)
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Product Portfolio
9.4.5. Business Performance
9.5. Imv Technologies Group, (Imv Imaging)
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. Key Strategic Moves And Developments
9.6. Idexx Laboratories, Inc.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.6.6. Key Strategic Moves And Developments
9.7. Mindray Medical International Ltd
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Product Portfolio
9.8. Minxray, Inc.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.9. Siemens Ag
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.10. Toshiba Corporation (Canon Medical Systems Corporation)
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance

Executive Summary

According to the report titled, 'Veterinary Imaging Market by Product, Animal Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global veterinary imaging market was valued at $1,620 million in 2018, and is expected to reach $2,651 million by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

Veterinary imaging is a branch of advanced veterinary medicine that help obtain medical images of animal for diagnosis of the disease in companion animals, large animals, live-stock animal, and others. These imaging systems are used for different indications such as orthopedics & traumatology, oncology, cardiology, neurology, and other.

The veterinary imaging market is expected to experience significant growth during the forecast period owing to an increase in animal health spending, a a surge in the adoption of companion animals with the rise in pet insurance purchase, and the availability of portable imaging systems are majorly driving the market growth. In addition, the growing prevalence of different form of animal diseases such as cancer, nervous system disease, cardiac disease, further drives the market growth.

Based on the product, the market is categorized as instrument and reagents. At present, the instrument segment is the major revenue contributor and is estimated to experience significant growth during the forecast period as these instruments play a vital role in veterinary imaging. Some key factors such as rise in demand for pet imaging systems with technological advancements in imaging devices, wide availability of instruments within veterinary hospitals, and launch of portable battery charge imaging instruments are majorly driving the market growth.

According to animal type, the veterinary imaging market size is categorized as companion animals, large animals, and others. Presently, the small companion animal segment is the major revenue contributor and is expected to dominate during the forecast period. In addition, rise in adoption of companion animals, increase in number of pet insurance purchase, rise in pet health awareness, and a surge in number of veterinary clinics are majorly driving the market growth of this segment.

Based on application, the global veterinary imaging market is segmented into orthopedics & traumatology, oncology, cardiology, neurology and other. Orthopedics & traumatology is the major shareholder in the global veterinary imaging market owing to rise in prevalence of orthopedic diseases, and availability of advanced imaging systems for diagnosis of orthopedic diseases in animals are the key drivers of the orthopedics & traumatology segment.

Key findings of the study:

Based on the product type, the instrument segment held more than three-fifths share in the global market in 2018.
Based on animal type, the large animals segment exhibits rapid growth and is expected to grow at a CAGR of 7.1% from 2019 to 2026.
On the basis of application, the orthopedics and traumatology segment accounted for the largest market share in 2018 and is expected to remain dominant throughout the forecast period.
According to end user, the clinics and hospitals segment exhibits fastest growth and is expected to grow at a CAGR of 6.8% from 2019 to 2026.
Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.1% during the forecast period.
North America accounted for approximately one-half of the global veterinary imaging market share in 2018 and is expected to remain dominant throughout the forecast period. This was attributed to higher adoption of pets and other domestic animals, stringent regulations enacted by state and federal governments to enhance animal welfare and pet owner's willingness to pay for veterinary services. While, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to rise in disposable income, and a surge in pet adoption among the higher-income and middle-income segment are projected to drive the market growth.

Companies Mentioned

  • Agfa-Gevaert N.V.
  • Esaote SpA
  • Fujifilm holdings corp. (Sonosite Inc.)
  • General Electric (GE Healthcare)
  • IMV Technologies group
  • (IMV imaging)
  • IDEXX Laboratories Inc.
  • Mindray Medical International Ltd.
  • MinXray Inc.
  • Siemens AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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