[188 Pages Report] The Veterinary Radiography System Market size was estimated at USD 808.40 million in 2023 and expected to reach USD 863.45 million in 2024, at a CAGR 7.31% to reach USD 1,325.26 million by 2030.
Veterinary radiography is a non-invasive method to diagnose animal health issues and is used for generating CT, ultrasonography, nuclear imaging, and MRI of animals. Veterinary radiographs diagnose diseases in animals' chest, abdomen, and musculoskeletal systems. The veterinary radiography system involves sedation to reduce the animal's anxiety and provides instant image previews with a wide dynamic range. The rise in the adoption of livestock and companion animals and the surge in chronic diseases in animals necessitates appropriate diagnostic methods and systems, including veterinary radiography systems, to diagnose animal disease effectively. However, the high cost associated with veterinary healthcare services may adversely impact healthcare professionals' use of veterinary radiography systems. Moreover, the introduction of advanced portable veterinary radiography systems and the increasing adoption of pet insurance among animal owners are expected to increase the adoption of veterinary radiography systems by veterinary healthcare facilities.
The veterinary radiography system market is highly evolving in the Americas due to the increase in the adoption of companion animals and the growing expenditure of individuals on animal health. According to the National Pet Owners survey by the American Pet Products Association, approximately 70% or 90.5 million U.S. households owned a pet in 2021-22. The surging incidents of animal diseases in the APAC and EMEA region necessitate appropriate diagnostic technologies, such as veterinary radiography systems, to diagnose animal diseases which helps healthcare professionals to prescribe appropriate treatments to improve animal health. Foot and mouth disease (FMD) is a viral livestock disease affecting cattle, swine, sheep, goats, and other cloven-hoofed ruminants. As per the World Organisation for Animal Health (WOAH), the disease is estimated to circulate in 77% of the global livestock population, in Africa, the Middle East, and Asia, as well as in a limited area of South America resulting in an increased need for veterinary radiography systems for the diagnosis of animal health. In addition, the introduction of technologically advanced veterinary radiography systems, along with the rising popularity and adoption of pet insurance, can encourage individuals to avail of veterinary diagnostic services, which is expected to fuel the use of veterinary radiography systems worldwide.
The market dynamics represent an ever-changing landscape of the Veterinary Radiography System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
- Market Drivers
- Increasing number of companion animal and livestock ownership
- Rising incidence of chronic diseases in animals and need for appropriate dignosis
- Improving veterinary care facilities in developing economies
- Market Restraints
- Relatively high cost of veterinary healthcare
- Market Opportunities
- Ongoing development of portable veterinary radiography systems
- Rise in adoption of pet insurance among consumers
- Market Challenges
- Technical and operational issues associated with veterinary digital radiography systems
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Veterinary Radiography System Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Veterinary Radiography System Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Veterinary Radiography System Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Veterinary Radiography System Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Veterinary Radiography System Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Veterinary Radiography System Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Veterinary Radiography System Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Veterinary Radiography System Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Veterinary Radiography System Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Veterinary Radiography System Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Veterinary Radiography System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Veterinary Radiography System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Machine-learning radiography service expands into Asia.
Veterinary practices across Asia have access to a new tool that can help them more accurately diagnose diseases and provide better care for animals. A machine-learning system for radiography, developed by dV Technologies, has recently been launched in the region. This innovative technology uses artificial intelligence to detect abnormalities in images taken with an X-ray machine, quickly analyzing them and offering medical professionals a powerful diagnostic aid. This is particularly valuable as it allows vets to save time while improving accuracy and patient care. The product ensures that vets will always have access to experienced radiologists no matter the time of day or location, making diagnosis easier and more efficient. With this development, Asian veterinary practices now have access to world-class technology that can help them deliver top-notch care for animals both quickly and accurately. [Published On: 2023-02-07]
Two new advanced integrated veterinary imaging systems; a CBCT and a Fluoroscopy system announced for 2023 by JPI Healthcare Solutions.
JPI Healthcare Solutions announced the launch of two innovative integrated veterinary imaging systems, a Cone Beam Computed Tomography (CBCT) system and a Fluoroscopy system, in 2023! The top-of-the-line CBCT modality will offer 3D visualization of anatomy and pathology as well as high resolution 2D images that make screening and diagnosing ailments easier than ever before. Its highly sensitive tools will allow clinicians to perform non-invasive surgeries without exposing their patients to unnecessary radiation or discomfort. As for the Fluoroscopy system, it boasts automated exposure control to limit exposure while enhancing image detail and accuracy. Both systems provide advanced monitoring capabilities and professional software suites that improve workflow and optimize patient care from start to finish—setting the bar for veterinary radiography systems worldwide. [Published On: 2023-01-11]
New VETSMART Digital Imaging System Uses AI to Optimize Technique Based onPatient Size and Exam Type.
Konicaminolta recently released their VetSmart digital imaging system, a state-of-the-art veterinary radiography system specifically designed to optimize technique based on patient size and exam type. This breakthrough product features advanced artificial intelligence (AI) capabilities that enable it to make moment-to-moment adjustments tailored to the individual patient’s size. This innovative technology allows veterinarians to provide accurate imaging evaluations with confidence while avoiding potential problems associated with incorrect settings. VetSmart is easy to use, fast, compact, and user friendly – making it an ideal solution for any veterinary clinic or hospital looking to reduce overhead costs and maximize efficiency. With its cutting-edge functionality and artificial intelligence technology, VetSmart is helping revolutionize the veterinary industry. [Published On: 2022-11-05]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Veterinary Radiography System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the Veterinary Radiography System Market, highlighting leading vendors and their innovative profiles. These include MyVet Imaging Inc., IDEXX Laboratories, Inc., Clear Ray Imaging, Shenzhen Browiner Tech Co., Ltd., Fujifilm Holding Corporation, Agfa-Gevaert Group, Avante Health Solutions, Dristech, LLC, IMV Imaging (UK) Ltd., Carestream Health, Inc., Konica Minolta, Inc., RadmediX LLC, Siemens AG, Heska Corporation, MinXray, Inc., Sound by Mars, Incorporated, Diagnostic Imaging Systems, Inc., Sedecal, Midmark Corporation, Epica Animal Health, and Canon Inc..
This research report categorizes the Veterinary Radiography System Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Technology
- Computed Radiography
- Digital Radiography
- Film Screen Radiography
- Product
- Computed Tomography Scans
- X-rays
- Analog X-ray
- Digital X-ray
- Application
- Cardiology
- Nephrology
- Oncology
- Orthopedic & Rheumatology
- End User
- Diagnostic Center
- Hospitals
- Research Center
- Speciality Clinics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Veterinary Radiography System Market, by Technology
- Veterinary Radiography System Market, by Product
- Veterinary Radiography System Market, by Application
- Veterinary Radiography System Market, by End User
- Americas Veterinary Radiography System Market
- Asia-Pacific Veterinary Radiography System Market
- Europe, Middle East & Africa Veterinary Radiography System Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 466]
- List of Companies Mentioned [Total: 21]
Portable Radiography Systems- The Future of Veterinary Medicine:
Portable radiography systems are lightweight and compact imaging devices designed to be carried to the patient's location. Though conventional radiography systems are precise and accurate, they are bulky and require dedicated space, making them unsuitable for use in the field. On the other hand, portable radiography systems are smaller, lightweight, and less expensive than their conventional counterparts. They come in handheld or easy-to-transport packages, making them an ideal option for small animal practices, mobile veterinary clinics, and research studies.
Advantages of Portable Veterinary Radiography Systems:
Portable radiography systems offer numerous benefits to veterinarians and their patients, they provide high-quality radiographs, reducing the need for additional imaging and minimizing cost. With their portability, these systems can be used anywhere, saving time and providing quick diagnosis and treatment of injuries, fractures, or internal problems. Furthermore, they can operate on a rechargeable battery, making them energy-efficient and eco-friendly. These features make portable veterinary radiography systems a preferred option for veterinarians who value accuracy, convenience, and versatility.
Benefits of Portable Radiography for Large and Small Animals:
Portable radiography systems are not only suitable for small animals; they also benefit large animal veterinarians. For instance, in the equine industry, portable radiography systems have become essential for detecting and treating injuries. With large and unpredictable animals, the ability to take X-rays where the animal stands, instead of transferring them to a clinic or hospital, makes things easier and safer for both the animal and the veterinarian. The same goes for farmers and ranchers, who need quick and accurate diagnoses of their livestock without transportation stress.
Ongoing Advances in Portable Radiography Technology:
The veterinary industry is highly dynamic and ever-evolving, and the development of portable radiography systems is no exception. The technological advancements in portable devices include added features to produce high-quality images, compact battery packs, and the integration of digital radiography into portable units. These developments are making these devices more user-friendly, efficient, and accurate. Additionally, the rise of telemedicine has increased the need for portable radiography systems. They have become an essential tool for online consultations and remote treatment of animals.
Future of Portable Radiography in Veterinary Medicine:
The future of portable radiography in the veterinary field is bright. Portable devices are increasing in accuracy and becoming more user-friendly. Additionally, with the rise of telemedicine, portable radiography systems will play a pivotal role in providing remote care and consultation for patients. The ease of transporting these systems will make veterinary care more accessible and affordable to a wider range of patients and clients. Moreover, with ongoing research and development, the cost of these devices is bound to decrease, making them more affordable to veterinarians of all specializations.
Portable veterinary radiography systems have revolutionized the way veterinary medicine is practiced. They offer high-quality imaging, convenience, and unparalleled portability. They allow veterinarians to take radiographs of small and large animals on the field, providing timely and accurate diagnoses. Moreover, with ongoing innovations being made in portable radiography technology, their versatility and usefulness will continue to grow. As portable veterinary radiography systems become more affordable and advanced, we can expect to see their further integration into the daily practice of veterinary medicine.
- How big is the Veterinary Radiography System Market?
- What is the Veterinary Radiography System Market growth?
- When do I get the report?
- In what format does this report get delivered to me?
- How long has 360iResearch been around?
- What if I have a question about your reports?
- Can I share this report with my team?
- Can I use your research in my presentation?