The
global Veterinary X-Ray Market size
is expected to reach USD 651.76 million by 2026, according to a new report by
Grand View Research, Inc., exhibiting a CAGR of 5.6% during the forecast
period. Rising pet adoption is fueling the need for healthcare facilities, and
growing penetration of direct (capture) radiography as well as technological
advancements in X-ray systems are some key factors driving growth. As per IDEXX
Laboratories, there has been an incremental growth of 2.2% in clinical visits
per practice for U.S. companion animals in the first quarter of 2019. The
aforementioned factors highlight the untapped opportunities for animal
diagnostics segment, inclusive of imaging.
X-ray
devices help veterinarians and laboratory technicians to diagnose many
conditions, including bladder stones & tumors and determine foreign bodies
in an animal’s stomach. These devices also assist in locating fractures and
internal injuries. Increasing awareness about animal health along with high
adoption of advanced technologies is expected to contribute toward market
growth over the forecast period. For instance, advancements in digital
radiography and rise in awareness about their benefits such as
cost-effectiveness and higher efficiency.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/veterinary-x-ray-market
https://www.grandviewresearch.com/industry-analysis/veterinary-x-ray-market
Further key findings from the study suggest:
- Computed
radiography held a dominant share in 2018 due to increasing adoption in
animal health practices
- Digital
X-ray equipment segment is expected to gain popularity in the coming years
owing to user-friendliness and enhanced productivity
- The portable
segment is anticipated to witness lucrative CAGR over the forecast period
due to increase in awareness about its benefits
- Small
companion animals segment dominated the veterinary X-ray market as of 2018
due to increasing pet adoption along with rising awareness & concern
among pet owners
- The
hospitals and clinics segment held a dominant revenue share owing to rise
in patient footfall
- North
America accounted for a dominant revenue share as of 2018 due to rise in
the number of pets and increase in willingness to pay for their healthcare
- SOUND; IDEXX
Laboratories, Inc.; FUJIFILM Holdings America Corporation, Heska
Corporation, and Canon Inc. are some of the major players with broad
product portfolios and significant regional presence
- Companies
are adopting various strategies such as product development, mergers &
acquisitions, partnerships, collaborations, and regional expansion to gain
a competitive edge in the market.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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