Product Code: MD 6729
"Global Veterinary X-ray Market Projected to Grow at a CAGR of 6.4% During 2018-2023"
The global veterinary X-ray market is projected to reach USD 872 million by 2023 from USD 640 million in 2018, at a CAGR of 6.4% from 2018 to 2023. Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the veterinary X-ray market during the forecast period. However, the increasing cost of pet care and the high cost of veterinary X-ray equipment and procedures are expected to restrain the growth of this market to a certain extent.
"Direct Radiography Systems to Register the Highest Growth During the Forecast Period"
On the basis of technology, the veterinary X-ray market is segmented into direct, computed, and film-based radiography systems. The direct radiography systems segment is expected to register the highest CAGR during the forecast period. Growth in this segment is mainly attributed to the rising demand for higher quality images with quick turnaround time and the increasing focus towards radiological dose efficiency.
"Digital X-ray Systems to Witness the Highest CAGR During 2018-2023"
Based on type, the veterinary X-ray market is segmented into digital X-ray systems and analog X-ray systems. The digital X-ray systems segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the number of benefits offered by digital X-ray systems over analog systems, including cost savings, improved efficiency and productivity, and patient-centric, value-based imaging. Reduced scan times and improved image quality are also key factors driving the adoption of digital radiography systems.
"APAC to be the Fastest-growing Region in the Veterinary X-ray Market During the Forecast Period"
The Asia Pacific market is projected to register the highest growth rate during the forecast period. Factors such as growing livestock population, increasing pet adoption, rising awareness about animal health, and growing per capita animal health expenditure are some of the key factors driving the growth of the veterinary X-ray market in the Asia Pacific region.
Break of primary participants was as mentioned below:
Supply Side:
- By End User: Tier 1: 33%, Tier 2: 45%, and Tier 3: 22%
- By Designation: C-level: 22%, Director-level: 45%, and Others: 33%
- By Region: North America: 34%, Europe: 22%, Asia Pacific: 22%, Latin America: 11%, and the Middle East & Africa: 11%
The prominent players in the veterinary X-ray market are: IDEXX (US), Fujifilm (Japan), Onex Corporation (Canada), Sedecal (Spain), Agfa-Gevaert (Belgium), Sound Technologies (US), Fujifilm Holdings Corporation (Japan), Canon, Inc. (Japan), Examion (Germany), Konica Minolta (US), DRE Veterinary (US), and Heska Corporation (US).
Research Coverage:
The report analyzes the various types of veterinary X-ray equipment and their adoption pattern. It aims at estimating the market size and future growth potential of the global veterinary X-ray market for different segments such as technology, type, animal type, application, mobility, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Key Reasons to Buy the Report:
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use one or any combination of the below mentioned five strategies for strengthening their presence in the market.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary X-ray market. The report analyzes the global veterinary X-ray market by technology, type, animal type, application, mobility, end user, and region
- Product Development/Innovation: Detailed insights on upcoming trends and new product launches in the global veterinary X-ray market
- Market Development: Comprehensive information on the lucrative emerging regions by technology, type, animal type, application, mobility, end user, and region
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global veterinary X-ray market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global veterinary X-ray market
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. MARKET SCOPE
- 1.4. YEARS CONSIDERED FOR THE STUDY
- 1.5. CURRENCY
- 1.6. LIMITATIONS
- 1.7. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. SECONDARY DATA
- 2.1.1.1. Key data from secondary sources
- 2.1.2. PRIMARY DATA
- 2.1.2.1. Key data from primary sources
- 2.1.2.2. Key industry insights
- 2.2. MARKET SIZE ESTIMATION
- 2.3. MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4. MARKET SHARE ESTIMATION
- 2.5. ASSUMPTIONS FOR THE STUDY
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. VETERINARY X-RAY: MARKET OVERVIEW
- 4.2. VETERINARY X-RAY MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
- 4.3. NORTH AMERICA: VETERINARY X-RAY MARKET, BY TECHNOLOGY (2017)
- 4.4. REGIONAL MIX: VETERINARY X-RAY MARKET (2018-2023)
- 4.5. VETERINARY X-RAY MARKET: DEVELOPED VS. DEVELOPING MARKETS, 2018 VS. 2023
5. MARKET OVERVIEW
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. KEY MARKET DRIVERS
- 5.2.1.1. Growth in Companion animal Population
- 5.2.1.2. Rising demand for pet insurance with Growing animal health expenditure
- 5.2.1.3. Growth in the number of veterinary practitioners and income levels in developed economies
- 5.2.2. KEY MARKET RESTRAINTS
- 5.2.2.1. Increasing pet care costs
- 5.2.2.2. High cost of instruments and procedures
- 5.2.3. KEY MARKET OPPORTUNITIES
- 5.2.3.1. Untapped emerging markets
- 5.2.4. KEY CHALLENGES
- 5.2.4.1. Lack of animal healthcare awareness in emerging markets
- 5.2.4.2. Shortage of veterinarians in emerging markets
6. VETERINARY X-RAY MARKET, BY TECHNOLOGY
- 6.1. INTRODUCTION
- 6.2. COMPUTED RADIOGRAPHY SYSTEMS
- 6.2.1. COMPUTED RADIOGRAPHY SYSTEMS FORM THE LARGEST VETERINARY X-RAY SEGMENT
- 6.3. DIRECT RADIOGRAPHY SYSTEMS
- 6.3.1. DIRECT RADIOGRAPHY SYSTEMS ARE THE FASTEST-GROWING TECHNOLOGY SEGMENT
- 6.4. FILM-BASED RADIOGRAPHY SYSTEMS
- 6.4.1. DEMAND FOR FILM-BASED RADIOGRAPHY SYSTEMS IS HIGH IN EMERGING MARKETS DUE TO ITS OVERALL COST-EFFECTIVENESS
7. VETERINARY X-RAY MARKET, BY TYPE
- 7.1. INTRODUCTION
- 7.2. DIGITAL X-RAY SYSTEMS
- 7.2.1. IMPROVED EFFICIENCY AND PRODUCTIVITY AND VALUE-BASED IMAGING ARE THE KEY BENEFITS OF DIGITAL X-RAY SYSTEMS
- 7.3. ANALOG X-RAY SYSTEMS
- 7.3.1. LOWER-QUALITY IMAGES AND LONGER EXPOSURE TO RADIATION ARE IMPORTANT FACTORS RESTRICTING MARKET GROWTH
8. VETERINARY X-RAY MARKET, BY MOBILITY
- 8.1. INTRODUCTION
- 8.2. STATIONARY X-RAY SYSTEMS
- 8.2.1. STATIONARY X-RAYS ARE MOST SUITABLE FOR SMALL-ANIMAL RADIOGRAPHIC EXAMINATIONS
- 8.3. PORTABLE X-RAY SYSTEMS
- 8.3.1. PORTABLE X-RAYS ARE BEST SUITED FOR OUTDOOR IMAGING
9. VETERINARY X-RAY MARKET, BY ANIMAL TYPE
- 9.1. INTRODUCTION
- 9.2. SMALL COMPANION ANIMALS
- 9.2.1. RISING COMPANION ANIMAL POPULATION, A MAJOR FACTOR FOR THE LARGE SHARE OF THIS SEGMENT
- 9.3. LARGE ANIMALS
- 9.3.1. GROWING AWARENESS OF ANIMAL HEALTH IN THE LIVESTOCK INDUSTRY TO DRIVE MARKET GROWTH
10. VETERINARY X-RAY MARKET, BY APPLICATION
- 10.1. INTRODUCTION
- 10.2. ORTHOPEDICS & TRAUMA
- 10.2.1. ORTHOPEDICS & TRAUMA APPLICATIONS ACCOUNT FOR THE LARGEST SHARE OF THE MARKET
- 10.3. DENTAL APPLICATIONS
- 10.3.1. DENTAL RADIOLOGY IS THE CORE DIAGNOSTIC MODALITY FOR VETERINARY DENTAL CARE
- 10.4. ONCOLOGY
- 10.4.1. ONCOLOGY SEGMENT TO REGISTER HIGHEST GROWTH RATE IN THE COMING YEARS
- 10.5. OTHER APPLICATIONS
11. VETERINARY X-RAY MARKET, BY END USER
- 11.1. INTRODUCTION
- 11.2. VETERINARY HOSPITALS & ACADEMIC INSTITUTES
- 11.2.1. GROWING DEMAND FOR MODERN, STATE-OF-THE-ART LARGE VETERINARY FACILITIES HAS RESULTED IN HIGH ADOPTION IN HOSPITALS
- 11.3. VETERINARY CLINICS
- 11.3.1. GROWING NUMBER OF PRIVATE VETERINARY CLINICAL PRACTICES ARE RESPONSIBLE FOR MARKET GROWTH IN THIS SEGMENT
12. VETERINARY X-RAY MARKET, BY REGION
- 12.1. INTRODUCTION
- 12.2. NORTH AMERICA
- 12.2.1. US
- 12.2.1.1. US accounted for the largest share of the North American veterinary x-ray market
- 12.2.2. CANADA
- 12.2.2.1. Canada is poised to register the highest CAGR in the North American veterinary x-ray market
- 12.3. EUROPE
- 12.3.1. GERMANY
- 12.3.1.1. Germany accounted for the largest share of the Europe veterinary x-ray market
- 12.3.2. UK
- 12.3.2.1. High cancer prevalence in pets and rising injury are major factors for market growth in the country
- 12.3.3. FRANCE
- 12.3.3.1. Increasing domestic demand for livestock and poultry products is driving market growth
- 12.3.4. ITALY
- 12.3.4.1. Increasing population of cats, sheep, goats, and swine to positively impact the adoption of veterinary x-rays in the country
- 12.3.5. SPAIN
- 12.3.5.1. Increasing animal healthcare expenditure is a major factor responsible for market growth
- 12.3.6. REST OF EUROPE
- 12.4. ASIA PACIFIC
- 12.4.1. CHINA
- 12.4.1.1. China accounted for the largest share of the veterinary x-ray market in Asia Pacific
- 12.4.2. JAPAN
- 12.4.2.1. Increasing adoption of dogs and cats in Japanese households is boosting market growth
- 12.4.3. INDIA
- 12.4.3.1. Government initiatives for animal health, a major cause of market growth
- 12.4.4. REST OF APAC
- 12.5. LATIN AMERICA
- 12.5.1. GROWING VETERINARY PRACTICES & VETERINARY HEALTHCARE EXPENDITURE TO DRIVE GROWTH IN LATIN AMERICA
- 12.6. MIDDLE EAST & AFRICA
- 12.6.1. RISING DEMAND FOR REGULAR ANIMAL HEALTH CHECK-UPS TO PROPEL MARKET GROWTH IN MIDDLE EAST & AFRICA
13. COMPETITIVE LANDSCAPE
- 13.1. OVERVIEW
- 13.2. MARKET SHARE ANALYSIS
- 13.3. COMPETITIVE SCENARIO
- 13.3.1. ACQUISITIONS
- 13.3.2. PARTNERSHIPS
- 13.3.3. PRODUCT LAUNCHES
14. COMPANY PROFILES (Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
- 14.1. ONEX CORPORATION
- 14.2. IDEXX LABORATORIES
- 14.3. AGFA-GEVAERT GROUP
- 14.4. FUJIFILM
- 14.5. SEDECAL
- 14.6. SOUND TECHNOLOGIES
- 14.7. CANON
- 14.8. EXAMION
- 14.9. HESKA CORPORATION
- 14.10. DRE VETERINARY
- 14.11. CLEARVET
- 14.12. ALLPRO IMAGING
- 14.13. PIXXGEN
- 14.14. KONICA MINOLTA
- 14.15. VETEL DIAGNOSTICS
- 14.16. CONTROL-X MEDICAL
- 14.17. FOVEA
*Details on MarketsandMarkets view, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments might not be captured in case of unlisted companies.
15. APPENDIX
- 15.1. INSIGHTS OF INDUSTRY EXPERTS
- 15.2. DISCUSSION GUIDE
- 15.3. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 15.4. AVAILABLE CUSTOMIZATIONS
- 15.5. RELATED REPORTS
- 15.6. AUTHOR DETAILS
