The
worldwide veterinary imaging market was worth USD 1.46 billion in 2019 and is
expected to be worth USD 2.07 billion by 2027, growing at a 6.1% CAGR during
the forecast period.
The
rising frequency of veterinary disorders, more pet ownership, and increased
expenditure on pet well-being are the primary drivers driving market expansion.
According to a ResearchGate article, it is believed that roughly 10-15% of all
dogs suffer from cardiac disease. Congenital heart disease constitutes around
5% of all canine heart disease.
The
global "Veterinary
Imaging Market" research discusses the current situation as well
as anticipated trends and growth dynamics for the industry's key players over
the coming years. The research analyses market trends, opportunities, and
challenges. A new company entering the market with its Veterinary Imaging
Market share is also highlighted as part of the current competitive plan. The
report's main goal is to offer a suitable and strategic analysis of the
Veterinary Imaging Market size.
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This
study looks at recent changes as well as the current market trends for sales,
supply, and demand. To paint a complete picture of the market, important
factors such as drivers, constraints, and opportunities have been discussed.
The report provides in-depth details on the industry laws and regulations that
have been put in place in each of the geographical regions, as well as
development and trend statistics. Additionally, a thorough examination of the
market's overall regulatory structure has been done to give stakeholders a
better knowledge of the main elements influencing the general market
environment.
The
research also provides a detailed study of the leading manufacturers in this
market and the market's competitive landscape:
Rising
Demand for Veterinary Disease Diagnosis will Drive Growth
Rising
awareness of various veterinary illnesses and potential ways of early detection
will drive the animal imaging market growth in the near future. Furthermore,
the spread of animal diseases can have a significant impact on economies and
lives. The spread of livestock illnesses may be a strain on the economies of
countries that rely heavily on animals.
As a result, early diagn
osis is in high demand. However, a lack of qualified and
trained professionals is expected to stymie demand for veterinary imaging
systems in developing countries.
Veterinary
Imaging Market Analysis by Regions:
Increasing
Veterinary Employment to Aid Growth in North America
Geographically,
North America accounted for USD 0.70 billion in sales in 2019. The favourable
reimbursement picture, expanding employment in the veterinary sector, massive
expenditure on pet care, and increased adoption of companion animals in Canada
and the United States are all expected to fuel expansion in this area.
Europe,
on the other hand, is predicted to maintain its second position, owing to an
increase in the number of veterinary clinics, increased pet adoption, enhanced
healthcare infrastructure, and an increase in the prevalence of veterinary
illnesses. Finally, Asia Pacific will exhibit the largest CAGR in the future
years, owing to increased knowledge of all the hazards involved with zoonotic
illnesses.
Regions and Countries Covered
North
America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of
Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific),
and Rest of the World (RoW).
The report covers exhaustive analysis on:
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The
Veterinary Imaging Market Report Addresses:
Related
Reports:
Wearable
Medical Devices Market
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