Between 2022 and 2030, the Veterinary Imaging Market is expected to grow at a CAGR of 6.6%, from US$ 2.02 billion in 2022 to US$ 3.37 billion by 2030.
A study by Future Industry Insights (FMI) predicted that by 2030, the worldwide veterinary imaging market would bring in US$3.37 billion. The research study looks at the market development for veterinary imaging through 2030 in more than 20 nations. The report offers precise insights into some of the key players in the industry's crucial business strategies.
According to the poll, investments are being made in the veterinary diagnostics industry as the trend towards pet humanization picks up speed. Additionally likely to fuel industry growth are governmental rules and a greater emphasis on preserving animal health.
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Growth will also be fueled by the expansion of the animal and pet care industry as a whole. NAPHIA predicts that recent years have seen an increase in spending on pet food, pet insurance, and pet pharmaceuticals. Despite the Covid-19 issue, there has been growth in the pet food market.
During the evaluation period, the veterinary imaging industry is projected to benefit from the market's broader gains as well.
Key Takeaways:
“Technological advancements along with inorganic expansion are creating new strides for the veterinary imaging market. These trends are bound to catapult the veterinary imaging market to growth between 2022 and 2030”- says the FMI analyst.
List of Key Players Covered in Veterinary Imaging market are:
The key market players are emphasizing on creating awareness about veterinary imaging devices to enter the untapped markets. For instance – in Oct 2018, GE Healthcare announced having inked a strategic agreement with SonoSim for encouraging training regarding ultrasound services.
Key Segments:
Veterinary Imaging Market by Product Type:
Veterinary Imaging Market by Animal Type:
Veterinary Imaging Market by Application:
Veterinary Imaging Market by End User:
Veterinary Imaging Market by Region: