Rising pet adoption and increasing expenses on veterinary care will positively influence the growth of veterinary imaging market. Veterinary imaging market size is projected to exceed $2 billion by 2025.
How will pet insurance propel the veterinary image market trends?
Increasing trends of pet adoption and mounting demand for pet insurance will contribute to veterinary imaging market share. Pet insurance policies are planned for companion animals and cover either entirely or specific part of costly veterinary procedures. Several insurance companies invest to present better veterinary insurance plans that favor veterinary imaging industry growth. Huge demand for insurance and veterinary image systems is anticipated to accelerate the veterinary imaging market share.
How will neurology segment help to add impetus to veterinary imaging market outlook over the forecast period?
Growing prevalence of animal diseases and rising instances of accidental injuries and traumatology will help veterinary imaging market growth surge via neurology segment. Neurology segment accounted for over 170 million in the year 2018 and is anticipated to witness substantial growth over 2019-2025. Advanced imaging techniques such as computed tomography, magnetic resonance imaging and ultrasonography are widely being used for detecting neurological diseases in animals.
What will be the contribution of North America in expanding veterinary imaging market size?
North America veterinary imaging market has been noted to hold over $660 million in 2018 and will grow significantly over 2019-2025. Increasing incidences of disorders in animals and rising healthcare spending for effectual animal health management is likely to promote the regional growth of veterinary imaging market. Moreover, escalating cases of internal injuries in animals is expected to further drive veterinary imaging industry growth.
Who are the major industry players which will help to accelerate veterinary imaging market growth?
Prominent business players which are operational in veterinary imaging market include BCF, Canon Medical Systems, Agfa-Gevaert, Carestream Health, Epica International, Fujifilm, GE Healthcare, Esaote SpA, Idexx Laboratories, Siemens, Shenzhen Mindray Bio-Medical Electronics, and Hitachi.