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Veterinary Radiography System Market Determined by opportunities, overview, revenue and share by 2022-2030

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Can Digital X-ray Systems Offer Value for Money to Veterinarians?

Digital radiography is becoming increasingly mainstream in the veterinary radiography system market. This novel technique is gaining popularity for its environment-friendly and high-quality imaging attributes. As such, digital X-ray products account for a higher revenue as compared to analog X-ray products in the market for veterinary radiography systems, which is estimated to reach a revenue of US$ 817.7 Mn by the end of 2027. Thus, veterinarians are preferring digital X-ray systems to acquire improved quality of digital imaging.

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Digital X-ray systems offer value for money to veterinarians in the veterinary radiography system market, since they play an important role in reducing administrative efforts and are time-efficient. These systems are being combined with veterinary management systems to help veterinarians gain access to a plethora of patient records and retrieve images from the archive. Hence, companies in the veterinary radiography system market are increasing their production capacities to manufacture advanced digital X ray systems.

High-speed CR Systems to be Extremely Helpful in Evaluation of Tiny Anomalies

In order to meet the requirements of veterinary doctors, companies in the veterinary radiography system market are increasing their production capacities to develop stationary full systems and portable X-ray units. For instance, OR Technology- a specialist in X-ray solutions, has developed portable X-ray systems for digital radiology. Likewise, manufacturers in the market for veterinary radiography systems are increasing R&D to develop digital X-ray units sans the need of cassettes for imaging.

Companies in the veterinary radiography system market are increasing the availability of compact and high-speed desktop units for standard X-ray examinations. This has led to the introduction of cost-efficient computed radiography (CR) systems. As such, computed radiography technology segment dominates the veterinary radiography system market. On the other hand, manufacturers are introducing digital dental radiography systems that are affordable and improve overall productivity of veterinary practices. They are focusing on design improvements by integrating powerful and user-friendly technology.

Screen-film Radiography Versus Digital Radiography: Which is better?

Needle-based storage-phosphor detector radiography is gaining importance in the veterinary radiography system market. This technique is found to be superior to conventional storage-phosphor and mammography screen-film systems. Needle-based detector systems perform better than screen-film systems in diagnostic imaging of small animals. On the other hand, screen-film radiography is a better alternative to digital radiography, since the latter has limited spatial resolution.

The veterinary radiography system market is anticipated to grow at a CAGR of 6.2% during the forecast period. Technological advancements have led to innovations in digital radiography. Though screen-film radiography has better spatial resolution, companies in the veterinary radiography system market are increasing R&D to enhance intrinsic sharpness and noise level of digital radiography systems. This is evident, since digital radiography is projected for exponential growth during the forecast period. As digital radiography systems are limited in spatial resolution, screen-film systems are limited compared to diagnostic imaging.

PACS Support Advanced Diagnostic Imaging of Small Animals

Several drivers such as the introduction of picture archiving and communication systems (PACS) are contributing toward the growth of the veterinary radiography system market. Companies in the market landscape are increasing efforts to develop user-friendly PACS solutions for management of the production and the use of X-ray images. Veterinarians are investing in novel digital technologies for analyzing and viewing X-rays of small animals. This is evident since diagnostic imaging of small animals is estimated to be high compared to large animals.

Apart from veterinary hospitals, manufacturers are catering to the needs of veterinarians in small practices. As such, veterinary clinics end user segment is anticipated for aggressive growth in the market for veterinary radiography system. Hence, companies in the market for veterinary radiography systems are increasing the availability of cost-effective full X-ray systems that cater to limited spending of small-scale practitioners. There is a growing demand for space-saving X-ray systems for standard wall socket operation with a floating tabletop.

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Analysts’ Viewpoint

Companies in the veterinary radiography system market are working closely with physicians and universities to gain global recognition. There is a growing demand for low maintenance and German-made hardware and software systems. Apart from animal hospitals, manufacturers are increasing the availability of compact and mobile systems that cater to the needs of end-use stakeholders in stables and small veterinary practices.

Moreover, digital radiography has led to the need for high-quality diagnostic imaging. However, high cost of digital X-ray systems poses as a barrier for small practitioners. Hence, manufacturers should increase R&D to develop cost and time-efficient digital X-ray systems for small practitioners.

Veterinary Radiography System Market: Overview

The global veterinary radiography system market for the historical period 2017–2018 and forecast period 2019–2027, rapid increase in the number of animal diseases, rise in companion animal ownership, high prevalence of zoonotic diseases, and increase in access to health care are anticipated to drive the global veterinary radiography system market

According to the report, the global veterinary radiography system market was valued at US$ 478.1 Mn in 2018 and is projected to expand at a CAGR of 6.2% from 2019 to 2027

Increase in Ownership of Companion Animals Globally and Rise in Affordability and Expenditure on Animal Health: Key Drivers

Nearly 2.7 million animals are adopted every year from shelter homes in the U.S. Increase in adoption of animals and various exotic pets is expected to drive the global veterinary radiography system market in the next few years. The British Columbia Society for the Prevention of Cruelty to Animals (BCSPCA) rescued 27,187 injured and homeless animals, found new homes for nearly 15,811 animals, and transported 4,994 animals to shelter homes in 2015. Pet owners have begun scrutinizing health services offered to their pets. Surge in awareness about pet health has led to routine health check-ups, which is expected to boost the growth of the global veterinary radiography system market.

In developed countries, pets are treated like family members and various products are used to improve their lives. For instance, in Australia alone, the expenditure on pet care products and services stood at around US$ 4.62 Bn in 2005. According to the American Pet Products Association, the U.S. pet industry expenditure stood at US$ 60.3 Bn in 2015 and US$ 62.7 Bn in 2016. Additionally, spending on veterinary care increased by 2.5% in 2014 over that in 2013. Moreover, the pet industry attracted new entrepreneurs and various pet start-ups have opened in 2017. New companies are launching products for small animal care, which is likely to fuel the growth of the global veterinary radiography system market by 2027.

Focus on Geographic Expansion

Companies in the global veterinary radiography system market are increasingly turning to in-licensing and collaboration agreements to launch new products in North America and Europe. Rise in demand for technology-driven solutions, economic growth, and increase in consumption of meat & dairy products present significant opportunities for players operating in the global veterinary radiography system market.

According to industry experts, high cost of veterinary radiography systems and less awareness could hamper the growth of the global veterinary radiography system market. This is particularly true for various underdeveloped and developing countries. In developing countries such as India, veterinary medical practitioners need to be educated regarding the usage of veterinary radiography systems. Late diagnosis of diseases increases the cost of treatment. Hence, growth of the veterinary radiography system market is projected to be faster in these regions. However, high cost of digital radiography systems would be a deterrent for exploiting the full potential of these regions.

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High Cost and Lack of Skilled Personnel to Hamper Market

The global veterinary radiography system market is technology driven. Introduction of new technologies in the market increases the demand for these systems due to improved efficiency and outcomes. However, high cost of these new devices raises the affordability issue, which hampers the growth of the veterinary radiography system market, especially in the developing countries. Moreover, lack of reimbursement affects demand for veterinary radiography systems.

Veterinary radiography systems have witnessed rise in adoption among veterinarians in the last decade. However, standardization in training for new technologically advanced radiography systems and accreditation guidelines to ensure physician competence is still lacking.

Veterinary Radiography System Market: Competitive Landscape

This report profiles major players in the global veterinary radiography system market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global veterinary radiography system market is highly fragmented, with the presence of a small number of international players and several regional players

Leading players operating in the global veterinary radiography system market are

  • Sound (VCA, Inc.)
  • Canon, Inc.
  • Fujifilm Holdings America Corporation
  • Diagnostic Imaging Systems
  • Merry X-Ray Corporation
  • Sedecal
  • IMV imaging
  • DRE Medical
  • Midmark Corporation,

Key Questions Answered in Global Veterinary Radiography System Market Report

  • What is the scope of growth of computed radiography in the global veterinary radiography system market?
  • What will be the Y-o-Y growth of the global veterinary radiography system market between 2019 and 2027?
  • What is the influence of changing trends in digital X-ray on the global veterinary radiography system market?
  • Will North America continue to be the most profitable market for veterinary radiography system providers?
  • Which factors are anticipated to hamper the growth of the global veterinary radiography system market during the forecast period?
  • Which are the leading companies in the global veterinary radiography system market?

Veterinary Radiography System Market – Segmentation

Product

  • Digital X-ray
  • Direct
  • Indirect
  • Analog X-ray

Technology

  • Computed Radiography
  • Digital Radiography
  • Film Screen Radiography

Animal

  • Small Companion Animals
  • Large Animals

Indication

  • Orthopedic & Rheumatology
  • Cardiology
  • Oncology
  • Nephrology
  • Others

End User

  • Veterinary Hospitals
  • Veterinary Clinics
  • Diagnostic Canters & Research Centers

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Veterinary Radiography System Market

4. Market Overview

4.1. Introduction

4.1.1. Technology Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Veterinary Radiography System Market Analysis and Forecast, 2017–2027

4.4.1. Market Revenue Projections (US$ Mn)

4.5. Porter’s Five Force Analysis

5. Key Insights

5.1. Health Care Industry Overview

5.2. Animal Population (Mn), by Key Country, in 2017

5.3. Veterinary Radiography System Market, Pricing Trend Analysis

5.4. Value Chain Analysis

5.5. Regulatory Scenario

6. Global Veterinary Radiography System Market Analysis and Forecast, by Product

6.1. Introduction & Definition

6.1.1. Key Findings / Developments

6.2. Global Veterinary Radiography System Market Value Forecast, by Product, 2017–2027

6.2.1. Digital X-ray

6.2.1.1. Direct

6.2.1.2. Indirect

6.2.2. Analog X-ray

6.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Product

7. Global Veterinary Radiography System Market Analysis and Forecast, by Animal

7.1. Introduction & Definition

7.1.1. Key Findings / Developments

7.2. Global Veterinary Radiography System Market Value Forecast, by Animal, 2017–2027

7.2.1. Small Companion Animals

7.2.2. Large Animals

7.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Animal

8. Global Veterinary Radiography System Market Analysis and Forecast, by Technology

8.1. Introduction & Definition

8.1.1. Key Findings / Developments

8.2. Global Veterinary Radiography System Market Value Forecast, by Technology, 2017–2027

8.2.1. Computed Radiography

8.2.2. Digital Radiography

8.2.3. Film Screen Radiography

8.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Technology

9. Global Veterinary Radiography System Market Analysis and Forecast, by Indication

9.1. Introduction & Definition

9.1.1. Key Findings / Developments

9.2. Global Veterinary Radiography System Market Value Forecast, by Indication, 2017–2027

9.2.1. Orthopedic & Rheumatology

9.2.2. Cardiology

9.2.3. Oncology

9.2.4. Nephrology

9.2.5. Others

9.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Indication

10. Global Veterinary Radiography System Market Analysis and Forecast, by End-user

……

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