(PharmaNewsWire.Com, October 15, 2020 ) According to the new market research report "Veterinary X-ray Market by Technology (Direct, Computed, Film), Type (Digital, Analog), Mobility (Fixed, Portable), Animal (Companion, Large Animal), Application (Trauma, Oncology, Dental), End User (Clinic, Hospital) - Forecast" published by MarketsandMarkets™.
Revenue Growth Opportunities and Growth Drivers?
The Veterinary X-ray Market is projected to reach USD 872 million, at a CAGR of 6.4%
Growth Boosting Factors:
- Growth in Companion Animal Population - Rising Demand for Pet Insurance With Growing Animal Health Expenditure - Growth in the Number of Veterinary Practitioners and Income Levels in Developed Economies - Untapped Emerging Markets
On the basis of technology, the computed radiography systems segment accounted for the largest market share in 2017. The rising need for increased flexibility, increasing demand for affordable Digital X-Ray equipment, and the benefits offered by CR systems over traditional X-ray systems are some of the major factors driving market growth.
Based on type, the veterinary X-ray market is categorized into digital X-rays and analog X-rays. The digital X-rays segment accounted for the largest market share in 2017. The large share of this segment can be attributed to the number of benefits offered by digital X-ray systems over analog systems, including cost savings, improved efficiency and productivity, and patient-centric, value-based imaging.
The prominent players in the veterinary X-ray market are IDEXX (US), Fujifilm (Japan), Onex Corporation (Canada), Sedecal (Spain), Agfa-Gevaert (Belgium), Sound Technologies (US), Fujifilm Holdings Corporation (Japan), Canon, Inc (Japan), Examion (Germany), Konica Minolta (US), DRE Veterinary (US), and Heska Corporation (US).
Geographical Regions Mapped in Report:
North America accounted for the largest share of the market, followed by Europe and the Asia Pacific. Rising number of veterinary practices, increasing number of companion animals, and rising companion animal healthcare expenditure are some of the key factors driving the growth of the veterinary x-ray market in North America.
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