Veterinary Imaging Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Veterinary Imaging Market

When diagnosing various diseases or problems in companion animals including cats, dogs, horses, birds, rabbits, and goats as well as livestock animals like cattle and pigs, veterinarians frequently use non-invasive imaging devices. These animals are typically diagnosed using a variety of imaging techniques, including radiography, CT scanning, magnetic resonance imaging, and ultra sound imaging systems. These systems are frequently combined to provide a more accurate diagnosis of a condition. The radiography system reveals significant body structures and is used to find dental problems, skeletal fractures, soft tissue damage, and the presence of foreign bodies inside the animal.

With the use of various techniques like the 2D/3D/4D system, ultrasound imaging can be carried out to identify anomalies in the organs (soft tissues) of the circulatory, cardiac, hepatic, and gastrointestinal systems. Although they cannot be used to scan gas-filled or bony tissues, they are most frequently utilised to detect abnormalities in the heart and abdomen. Computed tomography scans, which provide images that are clearer than radiography and are used to find fractures, abscesses, cancers, and abnormalities in blood vessels, are another crucial method. In cases of spinal cord and brain injuries, magnetic resonance imaging is frequently employed. It is also used to look for the presence of foreign bodies.

Due to the high cost of imaging systems, the Veterinary Imaging Market is anticipated to rise as insurance coverage for domestic and farmed animals increases. The North American Pet Health Insurance Association (NAPHIA) claims that the pet health insurance industry earned premiums of US$ 774 million in 2015, a 17.2% increase over the figure from the previous year. 1.6 million pets were insured in 2015, a 12.0% increase from the figure for 2014. The rise in pet ownership across the board among households is another element boosting the veterinary imaging market's growth.

Approximately 6 million new cancer diagnoses in dogs and a comparable number in cats are made each year, according to data provided by the Cancer Research Institute. The veterinary imaging industry is anticipated to develop as the world's livestock population rises. For instance, the Food and Agricultural Organization estimates that there are over one billion pigs in the world as of 2017. The Veterinary Imaging Market is anticipated to rise as a result of the large number of veterinarians in industrialised nations like North America.

Top Manufacturers are- GE Healthcare, Universal Medical Systems, Inc, Agfa- Gevaert N.V., Excelsior Union Limited, Carestream Health, Onex Corporation, Esaote S.p.A, Canon Inc., IDEXX Laboratories, Inc., VCA Inc., Hitachi, Ltd, BCF Technology, Ltd. Siemens AG, Diagnostic Imaging Systems, Inc., Hallmarq Veterinary Imaging Ltd., MinXray

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