[192 Pages Report] The veterinary X-ray market is projected to reach USD 872 million by 2023 from USD 640 million in 2018, at a CAGR of 6.4%.
The study involved four major activities to estimate the current market size for veterinary X-ray products. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size.
Market Size Estimation:
Both top-down and bottom-up approaches were used to estimate and validate the total size of the global veterinary X-ray market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources.
The research report segments – based on technology, type, mobility, application, end-users, and region.
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Veterinary X-ray Market, by Animal Type:
· Small Companion Animals
· Large Animals
Veterinary X-ray Market Based on Technology;
based on technology, the computed radiography systems segment accounted for the largest market share in 2017. The rising need for increased flexibility, increasing demand for affordable Digital X-Ray equipment, and the benefits offered by CR systems over traditional X-ray systems are some of the major factors driving the market growth.
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Veterinary X-ray Market – By End-User;
Based on end-user, is segmented into veterinary hospitals & academic institutes and veterinary clinics. The veterinary hospitals & academic institutes segment accounted for the largest market share in 2017. The large share of this segment can be attributed to the widespread adoption of X-ray equipment in large universities for educational & research purposes and the growing demand for modern, state-of-the-art large veterinary facilities
The market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of this market in 2017. The rising number of veterinary practices, an increasing number of companion animals, and rising companion animal healthcare expenditure are some of the key factors driving the growth of the market in North America.
The prominent players in the veterinary X-ray market are IDEXX (US), Fujifilm (Japan), Onex Corporation (Canada), Sedecal (Spain), Agfa-Gevaert (Belgium), Sound Technologies (US), Fujifilm Holdings Corporation (Japan), Canon, Inc. (Japan), Examion (Germany), Konica Minolta (US), DRE Veterinary (US), and Heska Corporation (US).