Published Date: 2022-01-13
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European Veterinary Imaging Market size is projected to surpass USD 645.8 million by 2028, according to a latest forecast report by Graphical Research.
With the increasing technological advancement in veterinary medicine coupled with an optimistic growth in the demand for quality veterinary care services, the rate of adoption of veterinary imaging devices increases. Various medical practices such as ultrasound study and magnetic resonance imaging (MRI) that are used in the treatment of human diseases are being adopted for the treatment and diagnosis of animals. The imaging devices also assist in accident treatment, thereby augmenting the market growth. Thus, growing acceptance of advanced technology coupled with rising awareness of animal healthcare is anticipated to boost the market demand.
Rising number of veterinary practitioners in the region is expected to fuel the industry growth. For instance, in 2019, according to the State of the European Veterinary Profession, there were approximately 309,144 veterinarians in Europe. Thus, availability of veterinary practitioners for the treatment and diagnosis of animals is set to boost the market revenue. Similarly, increasing R&D activities to develop more advance veterinary imaging is expected to augment the market expansion.
The veterinary imaging instruments segment will witness 7.2% CAGR during the forecast timeframe. Usage of x-rays coupled with technological advancement in radiography to evaluate muscular-skeletal structures, cardiovascular, reproductive systems and gastrointestinal will augment the industry outlook. Moreover, veterinary imaging instrument offers various benefits including immediate observation of improved image quality and radiographic images.
The large animals segment accounted over 38.4% market share in 2021 owing to the increasing adoption of large animals. Furthermore, availability of portable X-ray systems for the diagnosis of disease in large animals is anticipated to boost the market value. Moreover, the increasing demand of milk products will further impact the demand for enhanced health services for large animals. Thus, to cater the increasing demand of dairy products, proper health care treatment is required for cattle, thereby rises the demand of veterinary medicine including veterinary imaging system.
Browse detailed statistical insights from the report, “Europe Veterinary Imaging Market Forecast 2028 By Animal Type (Small Companion Animals, Large Animals), 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 Application (Orthopedics and Traumatology, Oncology, Cardiology, Neurology), By End-use (Hospitals, Clinics), Research Report, Country Outlook (UK, Germany, Italy, Spain, France, Russia, Poland, Belgium, Czech Republic, Netherlands, Romania, Austria), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2046/europe-veterinary-imaging-market
The neurology segment held around USD 44.7 million revenue in 2021 due to the rising incidence of brain disorders such as brain cancer, hydrocephalus, ischemic infarcts (stroke) and epilepsy. Moreover, advanced veterinary imaging techniques such as computed tomography, magnetic resonance imaging and ultrasonography are used for the diagnosis of neurological diseases.
The clinics segment revenue dominated more than USD 147.6 million in 2021 attributed to benefits such as corrective health treatments, preventive healthcare, early and affordable detection of diseases. Furthermore, the adoption of technologically advanced imaging devices that are useful for the diagnosis of various diseases is anticipated to accelerate the market revenue.
Germany veterinary imaging industry is anticipated to cross USD 109.1 million by 2028 credited to increasing research and development activities to develop advanced veterinary imaging devices to detect and diagnose diseases in animals. Furthermore, to attract more clients, insurers offer coverage for animal health care services presents in foreign countries as well.
The European 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:
Europe Market, By Product
Europe Market, By Animal Type
Europe Market, By Application
Europe Market, By End-use
The above information has been provided for the following countries:
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