APAC Veterinary Imaging Market size is expected to cross USD 670 million by 2028, according to a latest forecast report by Graphical Research.
Growing expenditure on animal health & pet insurance coupled with increase in the incidence of zoonotic diseases demands accurate and effective diagnostic tools are factors that augment the industry growth. Technological advancements in vet imaging will serve to be positive impact rendering factor. Focus of business players on expansion and development of technologically advanced and innovative veterinary imaging systems will foster the market revenue. Furthermore, demand for effective solutions to improve livestock productivity in developing economies is expected to drive the Asia Pacific veterinary imaging market growth.
The veterinary software segment will observe around 7.6% growth rate through 2028. Veterinary software creates histogram and identifies gray scale for each pixel. Digital imaging software have the property of enhancing the image contrast depending on image type. Therefore, owing to such advancement in veterinary medicine, the development in veterinary imaging software will also increase.
The large animal segment is anticipated to reach USD 255.2 million by 2028 owing to increasing demand for diagnostic imaging. Also, demand for non-invasive diagnostic imaging systems coupled with an increase in the number of veterinary practitioners is some of the factors contributing to the market revenue.
Browse detailed statistical insights from the report, “Asia Pacific Veterinary Imaging Market Forecast 2028 By Application (Orthopedics and Traumatology, Oncology, Cardiology, Neurology), By Product (Veterinary Imaging Instruments [Radiography (X-ray) Systems, Ultrasound Systems, Computed Tomography Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, Nuclear Imaging Scanners] Veterinary Software, Veterinary Imaging Reagents [Ultrasound Contrast Reagents, MRI Contrast Reagents, X-Ray/CT Contrast Reagents, Nuclear Imaging Reagents), By Animal Type (Small Companion Animals, Large Animals), By End-use (Hospitals, Clinics), Research Report, Country Outlook (China, India, Japan, Australia, South Korea, Malaysia, Philippines, Singapore, Vietnam), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The oncology segment in the Asia Pacific veterinary imaging market was over USD 114.3 million revenue in 2020. Veterinary diagnostic imaging devices have wide applications in oncology. High segmental growth is attributed to an increase in prevalence in cancer in animals coupled with growing R&D activities in the field of oncology. Also, companies are investing in research for the development of effective diagnostic and treatment options to cure cancer.
The clinics segment is set to expand at a CAGR of 8.4% from 2022 to 2028. Clinics are usually more convenient, cost effective, and provide services as effective as hospitals. Also, clinics are collaborating with several companies to offer innovative solutions coupled with promotional activities to pet owners are some of the factors anticipated to propel the market growth. Moreover, availability of technologically advanced devices at clinics that are helpful to diagnose numerous diseases will enhance the market size.
The Japan veterinary imaging market is projected to exceed USD 149.5 million by 2028 attributed to increasing awareness among the population regarding animal health. For instance, in 2020, according to Japan Animal Welfare Society report, individuals spent USD 585 for dogs and USD 308 for cats in Japan for injury or illnesses. Such aforementioned factor is anticipated to spur the market expansion.
The APAC veterinary imaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2028, for the following segments:
Asia Pacific Market, By Product
- Veterinary Imaging Instruments
- Radiography (X-ray) Systems
- Ultrasound Systems
- Computed Tomography Systems
- Magnetic Resonance Imaging Systems
- Video Endoscopy Imaging Systems
- Nuclear Imaging Scanners
- Other Imaging Systems
- Veterinary Software
- Veterinary Imaging Reagents
- Ultrasound Contrast Reagents
- MRI Contrast Reagents
- X-Ray/CT Contrast Reagents
- Nuclear Imaging Reagents
Asia Pacific Market, By Animal Type
- Small Companion Animals
- Large Animals
- Other Animals
Asia Pacific Market, By Application
- Orthopedics and Traumatology
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
- Asia Pacific
- South Korea