Veterinary Radiography System Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Industry Outlook

The veterinary radiography systems market is set to reach US$ xx Mn by 2029 from US$ xx Mn in 2020 projecting steady growth at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021 to 2029. As per the latest research findings of World Organization for Animal Health (OIE), in 2021, 117 animal diseases and infections were noted that caused huge economic burden on animal health. If veterinary diseases are not prevented or treated there will be abrupt rise in zoonotic diseases which eventually costs human health dearly.

Radiography systems are the most preferred diagnostic technique used by veterinarian throughout the globe for detecting health ailments in animals. Medical device manufactures are actively striving to develop state of the art radiography systems. There has been a shift in radiography systems from conventional film based x-ray devices to portable digital x-ray devices. However, competition exerted by other imaging systems such as ultrasound imaging, video endoscopy imaging etc. and dearth of skilled workforce hinder the veterinary radiography market growth.

Outstanding image capturing ability and short image processing time has led to the increasing popularity for digital x-ray devices

Analog x-ray devices is a very old technique used in veterinary diagnostics which employs films or CR cassette for capturing images. They have been proven to be reliable & robust and is available at low cost. Digital x-ray devices are gradually replacing the analog x-ray devices throughout the globe. The inherent features of digital x-ray devices responsible for its dominance are excellent images captured on flat panel detectors, less labor intensive and short image processing time. Digital x-ray devices in comparison to analog x-ray devices does not require taking multiple images for same position and performs accurate interpretation with data archiving features.

Excellent shelf life of records and less time required for image generation propel the digital radiography system market

In the present scenario computed radiography is dominating the veterinary radiography system market by technology. Computed radiography is the digital replacement of the traditional x-ray film radiography. The inherent features associated with computed radiography are reusable imaging plates, no darkroom required, reduction in the exposure & processing time and software based evaluation and reporting. Digital radiography will be trendsetter during the forecast period and is on the verge of surpassing the computed radiography systems. Excellent shelf life of records and minimal time required for image generation and interpretation stimulate the digital radiography market growth. The latest trend in digital imaging adopted in developed countries is Digital Imaging and Communication in Medicine (DICOM), it assists in capturing images which can be easily altered and manipulated.

Rising prevalence of zoonotic diseases and developing livestock industry to drive the veterinary radiography system market in Asia Pacific

North America is currently leading the regional segment for veterinary radiography systems market with 35% share. Existence of a well-developed livestock industry for meat & dairy products and domicile of key players such as Canon, Inc., Carestream Health and Vetel Diagnostics drive the market growth in North America. Rising adoption of companion and pet animals propel the radiography system market growth in Europe. Increased funding in the technological advancement of digital and computed radiography system by pioneers such Philips Healthcare and Siemens Healthcare GmbH etc., stimulate the market growth in Europe. Rising prevalence of zoonotic diseases and increasing awareness regarding animal health influence the radiography system market growth in Asia Pacific region. Latin America and Africa serve as a lucrative market for major players to promote business expansion by establishing subsidiaries to cater the burgeoning requirement of huge cattle reservoir and untapped market in remote areas.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2021 to 2029.

Inorganic and organic market growth analysis were studied to determine the market assessment for veterinary radiography systems. Qualitative information regarding the latest technological advancement in the digital and computed radiography segment are thoroughly covered in the scope of the report. The adoption criteria of radiography systems for the screening of veterinary animals in hospitals, clinics and diagnostic centers are studied in the regional segment. Competitive landscape is mapped to understand the prevailing competition among the major players. The product portfolio segment is used for mapping different types of computed radiography and digital radiography systems available in the market. The major players engaged in the manufacturing of radiography systems are Canon, Inc., Carestream Health, Fujifilm Holding Corporation, Heska Corporation, IDEXX Laboratories, iM3/Durr Medical, Philips Healthcare, Siemens Healthcare GmbH, Vetel Diagnostics and VIDISCO.

Key questions answered in this report

• What is the market estimation and compounded annual growth rate (CAGR) throughout the forecast period from 2021 to 2029?
• Who are the major players manufacturing veterinary radiography systems for diagnostic and research purposes?
• What are the technological advancement taking place related to computed radiography and digital radiography systems?
• What are the merger and acquisition and strategic collaboration among key players and how it will affect the market dynamics?
• Which is the leading and fastest growing product segment in the veterinary radiography system market?
• Which is the leading and fastest growing technology segment in the veterinary radiography system market?
• Which is the leading and fastest growing regional segment in the veterinary radiography system market?

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