(PharmaNewsWire.Com, July 23, 2020 ) Veterinary CT scanners offer effective and early diagnosis of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.
[184 Pages Report] The veterinary CT scanners 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%.
Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022
What drives the Market?
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 Innovations in veterinary CT scanners
The veterinary CT scanners are used by veterinary hospitals and clinics as well as by university teaching hospitals & academic institutes on small companion animals, equine and livestock, and other animals (zoo and exotic animals).
Use of veterinary CT scanners for the diagnosis of small companion animals to drive the veterinary CT scanners market.
The small companion animals segment includes dogs, cats, and other companion animals such as birds and small mammals. 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 small companion animal segment in veterinary CT scanner market.
Target Audience
Veterinary imaging system manufacturers Veterinary imaging system suppliers Veterinary hospitals, clinics, and reference laboratories Veterinary academic and research institutions Government associations Market research and consulting firms Venture capitalists and investors
Veterinary CT scanners are used for the effective and early diagnosis and treatment process of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.
The veterinary CT scanners market has been segmented by type, into stationary multi slice CT scanners (high-end CT scanners, mid-end CT scanners, and low-end CT scanners), and portable CT scanners
The high cost of CT scanners is expected to restrain their adoption amongst veterinary hospitals and private veterinary clinics. Also, the lack of animal health awareness in emerging markets and shortage of veterinary practitioners in developing countries are considered as major challenges for the greater adoption of CT technology in veterinary clinics/hospitals.
Major Market Developments
In 2016, Canon, Inc. (Japan) acquired Toshiba Medical Systems Corporation (Japan) to enter the veterinary CT scanners market In 2016, Animage, LLC (US) partnered with Sound (US) to sell, and distribute Fidex-CT scanners in the US veterinary market. In 2015, Hitachi, Ltd. (Japan) launched SCENARIA SE – with 64 and 128 slice scanning capacity.
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