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Veterinary Diagnostic Imaging Market By Product (Instruments, Reagents and Services), By Application (Cardiology, Oncology, Neurology, Orthopedics and Others) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Name: Veterinary Diagnostic Imaging Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2019-01-20
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Veterinary Diagnostic Imaging Market

Summary
Table Of Content
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Market Insights:

The veterinary diagnostic imaging market is expected to grow at a compound annual growth rate (CAGR) of 6.8% between 2018 and 2026, from US$ 1,931.5 million in 2017 to US$ 3,473.9 million by 2026. Veterinary diagnostic imaging is a non-invasive procedure that is employed to obtain medical images of animals suffering from acute and chronic diseases.

The advancement of technology in instruments and contrast media has drastically reduced the time and cost associated with a preliminary animal diagnosis. Increasing demand for meat and dairy products and rising welfare activities for pets and stray animals provide a positive impetus for the veterinary diagnostic imaging market’s growth.

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Market Synopsis

Low cost of operation, increased sensitivity, and precise interpretation drives the instruments’ market growth.

In the veterinary diagnostic imaging market, instruments are the dominant product segment. Over the last two decades, diagnostic tools have undergone a technological revolution that has increased instrument sensitivity, enabled high-resolution imaging, provided precise data interpretation, and reduced operational costs. The other factors that drive the instrument market’s growth are the rising prevalence of zoonotic disease and the increased rate of pet adoption.

The service segment will be gaining tremendous traction in the near future owing to the increased adoption of veterinary picture archiving and communication systems (PACS) in clinical settings throughout the globe. Image-sharing facilities and increased storage capacity for vital information are the need of the hour in veterinary science; henceforth, medical device manufacturers are diligently working to provide services pertaining to veterinary diagnostics and imaging.

The growing prevalence of musculoskeletal disease in bovine and equine animals drives the growth of the orthopedic market.

In the present scenario, orthopedics dominates the application segment of the veterinary diagnostic imaging market. The rising prevalence of musculoskeletal disease in equine and bovine animals and rampant growth in livestock and animal husbandry drive the orthopedics market’s growth.

Medical device manufacturers are investing huge funds in developing contrasting media to get precise and accurate images pertaining to tumors and cancerous cells. Early cancer detection and treatment are now possible thanks to technological advancements in diagnostic instruments. Neurology will be the fastest-growing market during the forecast period owing to the increasing incidence of brain disorders such as mad cow disease, encephalitis, hydrocephalus, and traumatic brain injuries.

Rising public animal health awareness and a significant increase in pet adoption drive market growth in North America.

North America currently holds 39% of the market and leads the regional segment for veterinary diagnostic imaging. The primary features responsible for the excellent market growth in North America are rising public animal health awareness and a significant increase in the pet adoption rate in the last decade. Europe is the second-largest region, accounting for 30% of the market.

Increasing demand for meat and dairy products and the domicile of major players such as Siemens AG, Agfa-Gevaert N.V., GE Healthcare, etc., propel the veterinary diagnostic imaging market’s growth in the European region. Asia Pacific currently constitutes 16% of the market share and will be the fastest-growing market segment during the forecast period from 2018 to 2026. The major factors that contribute to its positive growth are the rising prevalence of zoonotic disease and the rampant growth of the livestock and dairy industries.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market is segmented by product, application, and geography.

Medical device manufacturers competing in the veterinary diagnostic imaging market are Agfa-Gevaert N.V., Canon, Inc., Fujifilm Holdings Corporation, GE Healthcare, Hallmarq Veterinary Imaging, IDEXX Laboratories, Inc., MinFound Medical Systems Co., Ltd., Onex Corporation, Samsung Group, and Siemens AG.

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Key questions are answered in this report.

What will be the market size and compounded annual growth rate during the forecast period from 2018 to 2026?
Who are the key players participating in the veterinary diagnostic imaging market?
What are the strengths, weaknesses, and opportunities pertaining to the veterinary diagnostic imaging market?
Which factors will contribute to the rapid growth of neurology in the veterinary diagnostic imaging market?
Which services are being developed to strengthen the veterinary diagnostic imaging market’s growth?
Why is North America the leading regional market in the veterinary diagnostic imaging market?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global VDI Market Portraiture
2.2. Global VDI Market, by Product, 2017 (US$ Mn)
2.3. Global VDI Market, by Application, 2017 (US$ Mn)
2.4. Global VDI Market, by Geography, 2017 (US$ Mn)

Chapter 3. Veterinary Diagnostic Imaging (VDI) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global VDI Market, by Key Players, 2017

Chapter 4. Global Veterinary Diagnostic Imaging (VDI) Market, by Product
4.1. Overview
4.2. Instruments
4.2.1. Radiography Imaging
4.2.2. Ultrasound Imaging
4.2.3. MRI
4.2.4. CT Imaging
4.2.5. Video Endoscopy Imaging
4.3. Reagents
4.4. Services

Chapter 5. Global Veterinary Diagnostic Imaging (VDI) Market, by Application
5.1. Overview
5.2. Cardiology
5.3. Oncology
5.4. Neurology
5.5. Orthopedics
5.6. Others

Chapter 6. Global Veterinary Diagnostic Imaging (VDI) Market, by Geography
6.1. Overview
6.2. North America VDI Market Analysis, 2016 – 2026
6.2.1. North America VDI Market, by Product, 2016 – 2026 (US$ Mn)
6.2.2. North America VDI Market, by Application, 2016 – 2026 (US$ Mn)
6.2.3. North America VDI Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe VDI Market Analysis, 2016 – 2026
6.3.1. Europe VDI Market, by Product, 2016 – 2026 (US$ Mn)
6.3.2. Europe VDI Market, by Application, 2016 – 2026 (US$ Mn)
6.3.3. Europe VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific VDI Market Analysis, 2016 – 2026
6.4.1. Asia Pacific VDI Market, by Product, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific VDI Market, by Application, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. China
6.4.3.2. Japan
6.4.3.3. Rest of Asia Pacific
6.5. Latin America VDI Market Analysis, 2016 – 2026
6.5.1. Latin America VDI Market, by Product, 2016 – 2026 (US$ Mn)
6.5.2. Latin America VDI Market, by Application, 2016 – 2026 (US$ Mn)
6.5.3. Latin America VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East and Africa VDI Market Analysis, 2016 – 2026
6.6.1. MEA VDI Market, by Product, 2016 – 2026 (US$ Mn)
6.6.2. MEA VDI Market, by Application, 2016 – 2026 (US$ Mn)
6.6.3. MEA VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Agfa- Gevaert N.V.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Canon, Inc.
7.3. Fujifilm Holdings Corporation
7.4. GE Healthcare
7.5. Hallmarq Veterinary Imaging
7.6. IDEXX Laboratories, Inc.
7.7. MinFound Medical Systems Co., Ltd.
7.8. Onex Corporation
7.9. Samsung Group
7.10. Siemens AG.

List of Figures

FIG. 1 Veterinary Diagnostic Imaging (VDI) Market: Research Methodology
FIG. 2 VDI Market Segmentation
FIG. 3 Global VDI Market, by Product, 2017 (US$ Mn)
FIG. 4 Global VDI Market, by Application, 2017 (US$ Mn)
FIG. 5 Global VDI Market, by Geography, 2017 (US$ Mn)
FIG. 6 Attractive Investment Proposition: by Geography, 2017
FIG. 7 Competitive Analysis: Global VDI Market, by Key Players, 2017
FIG. 8 Global Radiography Imaging Market for Veterinary Diagnostic, 2016 – 2026 (US$ Mn)
FIG. 9 Global Ultrasound Imaging Market for Veterinary Diagnostic, 2016 – 2026 (US$ Mn)
FIG. 10 Global MRI Market for Veterinary Diagnostic, 2016 – 2026 (US$ Mn)
FIG. 11 Global CT Imaging Market for Veterinary Diagnostic, 2016 – 2026 (US$ Mn)
FIG. 12 Global Video Endoscopy Imaging Market for Veterinary Diagnostic, 2016 – 2026 (US$ Mn)
FIG. 13 Global Reagents Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 14 Global Services Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 15 Global Cardiology Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 16 Global Oncology Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 17 Global Neurology Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 18 Global Orthopedics Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 19 Global Other Applications Market for Veterinary Diagnostic Imaging, 2016 – 2026 (US$ Mn)
FIG. 20 U.S. VDI Market, 2016 – 2026 (US$ Mn)
FIG. 21 Canada VDI Market, 2016 – 2026 (US$ Mn)
FIG. 22 U.K. VDI Market, 2016 – 2026 (US$ Mn)
FIG. 23 Germany VDI Market, 2016 – 2026 (US$ Mn)
FIG. 24 Rest of Europe VDI Market, 2016 – 2026 (US$ Mn)
FIG. 25 China VDI Market, 2016 – 2026 (US$ Mn)
FIG. 26 Japan VDI Market, 2016 – 2026 (US$ Mn)
FIG. 27 Rest of Asia Pacific VDI Market, 2016 – 2026 (US$ Mn)
FIG. 28 Brazil VDI Market, 2016 – 2026 (US$ Mn)
FIG. 29 Mexico VDI Market, 2016 – 2026 (US$ Mn)
FIG. 30 Rest of Latin America VDI Market, 2016 – 2026 (US$ Mn)
FIG. 31 GCC VDI Market, 2016 – 2026 (US$ Mn)
FIG. 32 Rest of MEA VDI Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Veterinary Diagnostic Imaging (VDI) Market Portraiture
TABLE 2 Global VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 3 Global Instruments Market for Veterinary Diagnostic Imaging, by Product, 2016 – 2026 (US$ Mn)
TABLE 4 Global VDI Market , by Application, 2016 – 2026 (US$ Mn)
TABLE 5 Global VDI Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 6 North America VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 7 North America VDI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 8 North America VDI Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 9 Europe VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 10 Europe VDI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 11 Europe VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 12 Asia Pacific VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 13 Asia Pacific VDI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 14 Asia Pacific VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 15 Latin America VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 16 Latin America VDI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 17 Latin America VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 18 Middle East and Africa VDI Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 19 Middle East and Africa VDI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 20 Middle East and Africa VDI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 21 Agfa-Gevaert N.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 22 Canon, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23 Fujifilm Holdings Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 24 GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 25 Hallmarq Veterinary Imaging: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 26 IDEXX Laboratories, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27 MinFound Medical Systems Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28 Onex Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29 Samsung Group: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 30 Siemens AG.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

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Frequently Asked Question:

What is the size of Veterinary Diagnostic Imaging Market?

The market for Veterinary Diagnostic Imaging Market is expected to reach USD$ 3,473.9 Mn in 2026.

What is the Veterinary Diagnostic Imaging Market CAGR?

The Veterinary Diagnostic Imaging Market is expected to see significant CAGR growth over the coming years, at 6.8%.

What is the Forecast period considered for Veterinary Diagnostic Imaging Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Veterinary Diagnostic Imaging Market?

The base year of this report is 2017.

Who are the major players in this market?

Canon, Inc., Fujifilm Holdings Corporation, GE Healthcare, Hallmarq Veterinary Imaging, IDEXX Laboratories, Inc., MinFound Medical Systems Co. are some of the major players in the global market.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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