(PharmaNewsWire.Com, July 31, 2019 ) The growth of the global veterinary CT scanners market during the forecast period is mainly driven by the increase in animal healthcare spending and growing pet insurance purchase, the growing companion animal population.
The veterinary CT scanner market is expected to reach USD 173.7 million by 2022 from an estimated USD 122.3 million in 2017, at a CAGR of 7.3%.
+ Market Dynamics
+ Drivers
+ Increasing Small Companion Animal Population
+ Rising Demand for Pet Insurance With Growing Animal Health Expenditure
+ Growth in the Number of Veterinary Practitioners and Their Income Levels in Developed Economies
The veterinary CT scanner market is broadly segmented into stationary multi- slice CT scanners and portable CT scanners. In 2016, the stationary multi-slice CT scanners segment accounted for the largest share of this market. This large share can be attributed to the higher adoption of multi-slice CT scanners, such as mid-end CT scanners and high-end CT scanners.
The veterinary CT scanner market is further segmented into small companion animals, equine and livestock, and other animals. In 2016, the small companion animals segment held the largest share of this market and is expected to grow at the highest CAGR during the forecast period. The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of this segment.
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