Veterinary X-ray Market - by Technology (Direct, Film, and Computing), Device Type (Digital and Analog), and Mobility (Fixed and Portable), By Animal Type (Pet and large animal) for trauma, dental, and oncology application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for Veterinary X-ray market was valued at approximately USD 681.6 Million in 2019, and is expected to generate revenue of around USD 1,059.3 Million by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.

29-Sep-2020 | Number of pages: 110 | Report Code: ZMR-3685 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for Veterinary X-ray market was valued at approximately USD 681.6 Million in 2019, and is expected to generate revenue of around USD 1,059.3 Million by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.

Global Veterinary X-ray Market: Overview

X-ray machines are devices that produce x-ray radiations. X ray machines work on the principal of molecular weight of the body molecules. The solid image of only those molecules were seen  which carry high molecular weight like calcium whereas, it exclude the others like salt or water. These x-ray radiations then find applications in healthcare & medical sectors for medical diagnosis and interventions such as catheter placement. X-ray machines are also used for diagnosis of disorders in animals and they are referred to as veterinary X-rays.

Global Veterinary X-ray Market: Growth Factors

Rising animal health expenditure and growing demand for pet insurance, an increasing number of veterinary practitioners in developed regions and growth in the companion animals sector are the key growth 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 over the coming years. Nevertheless, the rise in the occurrence of pet ailments such as orthopedic disorders along with the rise in the pet insurance policies introduced by the government will prompt the veterinary X-ray market demand over the ensuing years.

Furthermore, rise in the number of pet health-conscious owners along with the need for more effective therapy for pets is likely to encourage the market players to launch a new device for pet treatment. This, in turn, will spur the growth of veterinary X-ray market in the coming years.

Global Veterinary X-ray Market: Segmentation

The global veterinary X-ray market can be divided based on technology, device type, mobility, animal type, application, and end-user. On the basis of technology, the market is segmented into direct, film, and computing. On the basis of technology, the computed radiography systems segment accounted for the largest market share in 2019. Based on the device type, the veterinary X-ray market can be sectored into digital and analog. Digital X ray dominated the market. Benefit provided by digital x Rays is better when compared with Analog types. On the basis of mobility, the market is divided into fixed and portable. Based on the animal type, the market is classified into pet and large animals. Based on the application, the market is divided into trauma, dental, and oncology segments. Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Veterinary X-ray Market: Regional Analysis

North America constituted the dominant share of the global veterinary X-ray market in 2019. The growth is due to owing to the presence of a large number of veterinary clinics and hospitals in the region. Factors, such as advanced veterinary infrastructure and increasing adoption of pets are likely to boost the growth of the global veterinary X-ray market in Europe during the forecast period. The considerable share of Asia Pacific region in the global veterinary X-ray market can be attributed to the rise in per capita expenditure among people and growing pet population in the region. However, underdeveloped veterinary infrastructure is likely to hinder the growth of the veterinary X-ray market in Middle East & Africa during the forecast period.

Latin America has huge market growth potential and is likely to contribute notably towards the overall veterinary X-ray market size over the coming years.

Global Veterinary X-ray Market: Competitive Players

Some main participants of the Veterinary X-ray market are Comeselectro, Sedecal, CFD, I.P.S. Medical, Control X- Medical, Examion, Fovea, Cuattro, and Vet-Ray.

Veterinary X-ray Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The growth is seen in the Companion animal Population size in the North America region followed by Europe. The Rising percentage of the Veterinary practitioners across the world is the major driver for the growth of the market. Growing Animal health expenditures in the region is also one of the major driving factor which helps in the boost of the market.

According to Zion Market Research, global demand for Veterinary X-ray market is expected to generate revenue of around USD 1,059.3 Million by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.

The North America Veterinary X-ray market is projected to hold the largest share globally in the future. Well established infrastructures in the region are expected to propel the demand of the market.

Some main participants of the Veterinary X-ray market are Comeselectro, Sedecal, CFD, I.P.S. Medical, Control X- Medical, Examion, Fovea, Cuattro, and Vet-Ray.


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