The global veterinary CT scanner market is estimated to grow at a CAGR of 7.3% from 2017 to 2022, to reach USD 173.7 million by 2022. The growth of this market is majorly driven by the increasing small companion animal population, growing pet adoption, rising demand for pet insurance with growing animal health expenditure, growing number of veterinary practitioners and their income levels in developed economies, and innovation in veterinary CT scanners. However, the high cost of CT scanners may hinder the growth of this market to a certain extent during the forecast period.
The portable CT scanners segment is expected to grow at the highest CAGR during the forecast period On the basis of type, the veterinary CT scanner market is segmented into stationary multi-slice CT scanners and portable CT scanners. The portable CT scanners segment is expected to witness the highest growth during the forecast period. The growth of this segment is mainly due to the growing adoption of portable CT scanners for on-field, mobile, or ambulatory veterinary diagnosis.
The mid-end CT scanners segment is projected to witness the highest growth during the forecast period Based on the type of stationary multi-slice CT scanners, the veterinary CT scanner market is further classified into mid-end CT scanners, high-end CT scanners, and low-end CT scanners. The mid-end CT scanners segment is expected to grow at the highest CAGR during the forecast period. Due to their lower prices (as compared to high-end CT scanners) and easy handling, these scanners are increasingly preferred over other CT scanners. Additionally, these scanners provide enhanced image quality & spatial imaging, increased scan speed, higher resolution, greater accuracy on on-the-spot diagnosis, and advanced image post-processing. Owing to these advantages, the adoption of mid-end CT scanners is expected to increase in the coming years.
The small companion animals segment is expected to grow at the highest CAGR during the forecast period On the basis of animal type, the market is segmented into small companion animals, equine & livestock, and other animals. During the forecast period, the small companion animals segment is expected to grow at the highest CAGR. 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.
In 2016, the neurology segment accounted for the largest share of the market Based on application, the veterinary CT scanner market is segmented into neurology, oncology, orthopedics & traumatology, and other applications. During the forecast period, the neurology segment is expected to grow at the highest CAGR. The large share of this segment can mainly be attributed to the increasing prevalence of common brain disorders affecting the nervous system of animals, such as epilepsy, brain cancer/tumors, ischemic infarcts (stroke), encephalitis, hydrocephalus, and traumatic brain injuries.
Asia Pacific to witness the highest growth during the forecast period North America held the largest share of the global veterinary CT scanner market in 2016, while Asia Pacific is expected to witness the highest growth during 2017 to 2022. Growth in pet adoption, increasing awareness about animal health, and growing per capita animal health expenditure, especially in India and China, are contributing to the growth of the APAC veterinary CT scanner market.
Break of primary participants was as mentioned below: • By Company Type – Tier 1–45%, Tier 2–40% and Tier 3–15% • By Designation – C Level–41%, Director Level–30%, Others–29% • By Region – North America–35%, Europe–30%, Asia Pacific–15%, Latin America–10%, the Middle East and Africa–10%
Some of the major market players in the veterinary CT scanner market are GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Epica Medical Innovation (US), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Animage, LLC (US), GIN ApS (Denmark), QR s.r.l. (Italy), and 4DDI (US).
Research Coverage: The report analyzes the veterinary CT scanner market and aims at estimating market size and future growth potential of this market based on various segments such as type, animal type, application, end user, and region. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.
This report provides insights on the following pointers: • Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary CT scanner market. The report analyzes the global veterinary CT scanner market by type, animal type, application, end user, and region. • Service Enhancement/Innovation: Detailed insights on upcoming trends and new product launches in the global veterinary CT scanner market. • Market Development: Comprehensive information on the lucrative emerging markets by type, animal type, application, end user, and region. • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global veterinary CT scanner market. • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the global veterinary CT scanner market.
Our reports have been used by over 10K customers, including:
The Japan Veterinary Healthcare Market was valued at USD 1881.31 million in 2020, and it is expected to reach USD 3014.14 million by 2026, registering a CAGR of 8.57% during 2021-2026. The outbreak of COVID-19 has impacted all industries including Japan’s veterinary healthcare market. Pet parents are advised to keep a safe distance from their...
The Veterinary Pain management market was valued at USD 1,197 million in 2020, and it is expected to reach USD 1,910 million in 2026, registering a CAGR of nearly 6.30% during the forecast period. The global outbreak of COVID-19 has impacted all industries including veterinary pain medicine. Pet parents are advised to keep a safe distance...
The global functional proteins market was valued at US$ 10,297.91 million in 2019 and is projected to reach US$ 17,767.48 million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 to 2027. Consumers are more inclined toward wellness, health, and nutrition content.Food industry is continuously introducing new products considering...
The veterinary endoscopy market was valued at approximately USD 185 million in 2020 and is expected to witness a revenue of USD 258 million in 2026, with a CAGR of 5.5% over the forecast period. The COVID-19 pandemic has a significant impact on the studied market. As per the data from the Centers for Disease Control and Prevention (CDC),...
The global swine health market is expected to register a healthy CAGR during the forecast period, owing to the increasing incidence of swine diseases. The Food and Agriculture Organization of the United Nations (FAO) 2019 report stated that a total of 62 provinces/cities reported outbreaks, about 3,700,000 pigs have died from the African swine...
263 pages •
By The Business Research Company
• Dec 2020
Animal Hospitals And Veterinary Clinics Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global animal hospitals and veterinary clinics market. Description: Where...
936 pages •
By The Business Research Company
• Nov 2020
Animal Medicine Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global animal medicine market. Description: Where is the largest and fastest growing market for the animal...
The medicated feed additives market is projected to register a CAGR of 5.2% during the forecast period(2020-2025). The increasing incidences of zoonotic and foodborne diseases, which have high chances of being naturally transmitted from animals to humans, led to the rising usage of the key feed additives that can minimize the occurrence of...
The APAC animal health market is projected to reach a value of USD 22.1 billion by 2025 from USD 15.6 billion in 2020, at a CAGR of 7.2% during the forecast period. Factors such as the rapid rise in livestock population, increasing awareness about animal health, and rising frequency of animal disease outbreaks are expected to drive the growth...
Animal house: Demand is increasing in line with greater pet ownership and lifespans Abstract Veterinary Services in the US Demand for the Veterinary Services industry has remained strong over the five years to 2019 due to increasing pet ownership and advancing technology and veterinary medicine that...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.