Veterinary Radiography System Market By Product (Digital X-Ray, Analog X-Ray), By Technology (Computed Radiography, Digital Radiography) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

The veterinary radiography systems market is set to reach US$ xx Mn by 2026 from US$ xx Mn in 2017, projecting steady growth at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2018 to 2026. As per the latest research findings of the World Organization for Animal Health (OIE), in 2018, 117 animal diseases and infections were noted that caused a huge economic burden on animal health. If veterinary diseases are not prevented or treated, there will be an abrupt rise in zoonotic diseases that will eventually cost human health dearly.

Radiography systems are the most preferred diagnostic technique used by veterinarians throughout the globe for detecting health ailments in animals. Medical device manufacturers are actively striving to develop state-of-the-art radiography systems. There has been a shift in radiography systems from conventional film-based x-ray devices to portable digital x-ray devices. However, competition exerted by other imaging systems, such as ultrasound imaging and video endoscopy imaging, etc., and a dearth of skilled workers hinder the veterinary radiography market's growth.

Market Synopsis

Digital x-ray devices are becoming increasingly popular due to their superior image capture capability and quick image processing time.

Analog x-ray devices are a very old technique used in veterinary diagnostics that employs films or CR cassettes for capturing images. They have been proven to be reliable and robust and are available at a low cost. Digital x-ray devices are gradually replacing analog x-ray devices throughout the globe. The inherent features of digital x-ray devices responsible for its dominance are the excellent images captured on flat panel detectors, the reduced labor intensity, and the short image processing time. Digital x-ray devices, in comparison to analog x-ray devices, do not require taking multiple images for the same position and perform accurate interpretation with data archiving features.

The digital radiography system market is being propelled by improved record shelf life and reduced image generation time.

In the present scenario, computed radiography is dominating the veterinary radiography system market by technology. Computed radiography is the digital replacement of traditional x-ray film radiography. The inherent features associated with computed radiography are reusable imaging plates, no darkroom requirement, a reduction in exposure and processing time, and software-based evaluation and reporting. Digital radiography will be a trendsetter during the forecast period and is on the verge of surpassing computed radiography systems. The digital radiography market is growing due to the long shelf life of records and the short time required for image generation and interpretation. The latest trend in digital imaging adopted in developed countries is Digital Imaging and Communication in Medicine (DICOM), which assists in capturing images that can be easily altered and manipulated.

Rising zoonotic disease prevalence and the developing livestock industry will drive the Asia Pacific veterinary radiography system market.

North America is currently leading the regional segment for veterinary radiography systems with 35% of the market. The existence of a well-developed livestock industry for meat and dairy products and the domicile of key players such as Canon, Inc., Carestream Health, and Vettel Diagnostics drive market growth in North America. Rising adoption of companion and pet animals propels radiography system market growth in Europe. Increased funding for the technological advancement of digital and computed radiography systems by pioneers such as Philips Healthcare and Siemens Healthcare GmbH, etc., stimulates market growth in Europe. Rising zoonotic disease prevalence and increased awareness about animal health influence the growth of the radiography system market in the Asia Pacific region. Latin America and Africa serve as a lucrative markets for major players to promote business expansion by establishing subsidiaries to cater to the burgeoning requirements of huge cattle reservoirs and untapped markets in remote areas.

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

Market estimation and the compounded annual growth rate were determined by understanding the current market dynamics. The market for veterinary radiography systems is segmented by product, technology, and geography.

Inorganic and organic market growth analyses were studied to determine the market assessment for veterinary radiography systems. Qualitative information regarding the latest technological advancements in the digital and computed radiography segments is thoroughly covered in the scope of the report. The adoption criteria of radiography systems for the screening of veterinary animals in hospitals, clinics, and diagnostic centers are studied in the regional segment. The competitive landscape is mapped to understand the prevailing competition among the major players. The "product portfolio" segment is used for different mapping types of computed radiography and digital radiography systems available in the market. The major players engaged in the manufacturing of radiography systems are Canon, Inc., Carestream Health, Fujifilm Holding Corporation, Heska Corporation, IDEXX Laboratories, iM3/Durr Medical, Philips Healthcare, Siemens Healthcare GmbH, Vettel Diagnostics, VIDISCO.

Key questions are answered in this report.

  • What are the market estimation and compound annual growth rate (CAGR) throughout the forecast period from 2018 to 2026?
  • Who are the major players manufacturing veterinary radiography systems for diagnostic and research purposes?
  • What are the technological advancements taking place related to computed radiography and digital radiography systems?
  • What are the mergers and acquisitions and strategic collaboration among key players, and how will they affect the market dynamics?
  • Which is the leading and fastest-growing product segment in the veterinary radiography system market?
  • Which is the leading and fastest-growing technology segment in the veterinary radiography system market?
  • Which is the leading and fastest-growing regional segment in the veterinary radiography system market?

Frequently Asked Questions:

The market for Veterinary Radiography System Market is expected to reach US$ XX Mn by 2026.

The Veterinary Radiography System Market is expected to see significant CAGR growth over the coming years, at 6.5%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Canon, Inc., Carestream Health, Fujifilm Holding Corporation, Heska Corporation, IDEXX Laboratories, iM3/Durr Medical, Philips Healthcare, Siemens Healthcare GmbH, Vettel Diagnostics, VIDISCO are some of the major players in the global market.

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Published Date:  Nov 2018
Category:  Medical Devices
Report ID:   59428
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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