The Veterinary CT Scanner market size was valued USD 138.1 million in 2018 and is expected to register a CAGR of 6.2% during the forecast period (2019-2025). The global veterinary CT scanner market consists of four regions, namely, the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas region accounted for the largest market share of the global veterinary CT scanner market owing to the increasing adoption of pet animals, the growing pet insurance industry, and the increasing veterinary healthcare expenditure in the region.
Europe holds the second position in the veterinary CT scanner market. It is expected that the rising contribution of marketers and improvement in reimbursement policies are likely to drive the European veterinary CT scanner market.
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The Asia Pacific region is expected to exhibit the fastest growth throughout the forecast period owing to the increasing awareness about animal health and increasing per capita animal health expenditure, especially in China and India.
The steady growth in companion animal ownership in emerging markets such as China, India, Brazil, and the other Asia Pacific and Latin American countries serves as a significant growth opportunity for market players in the veterinary CT scanner market.
The Middle Eastern region is expected to grow at a steady pace owing to factors such as the extensive development of healthcare infrastructure and increasing R&D activities in the healthcare sector.
Segmentation
The global veterinary CT scanner market has been divided on the basis of type, device architecture, animal type, application, and end-U.S.er.
Based on the type segment, the global veterinary CT scanner market can be divided into stationary multi-slice CT scanners and portable CT scanners. Stationary multi-slice CT scanners are further divided into mid-end CT scanners, high-end CT scanners, and low-end CT scanners.
Based on the device architecture segment, the global veterinary CT scanner market can be divided into C-arm CT scanners and O-arm CT scanners.
Based on the animal type segment, the global veterinary CT scanner market can be divided into small companion animals, equine and livestock, and others.
Based on the application segment, the global veterinary CT scanner market can be divided into neurology, oncology, orthopedics and traumatology, cardiology, nephrology, dentistry, gastroenterology, respiratory, and others.
Based on the end-U.S.er segment, the global veterinary CT scanner market is divided into veterinary hospitals, veterinary clinics, university teaching hospitals and academic institutes, and others.
Key Players
Some of the key players in the global veterinary CT scanner market are GE Healthcare (U.S.), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Epica Medical Innovation (U.S.), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Animage, LLC (U.S.), GIN ApS (Denmark), QR s.r.l. (Italy), 4DDI (U.S.), and others.
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Veterinary CT Scanner Market is expected to reach USD 206.32 billion by 2026 at a CAGR of 7.5 % during the forecast period.The veterinary CT scanner market is segmented based on type, animal type, application, end users and region.By type - Stationary Multi-Slice CT Scanners and Portable CT Scanners.By Animal Type - small companion animals, equine and livestock and others.By application - Neurology, Oncology, Orthopaedics and Traumatology, and other Applications.
By End-user - Hospitals and Clinics and Research Institutes.Veterinary CT scanner provides more detailed, cross-sectional views of the body during high-stress emergency situations.
Increase in incidence of zoonotic diseases demands accurate and effective diagnostic tools, which is expected to fuel the industry growth.Major Market Drivers:Increasing small companion animal population.Rising Demand for pet insurance with growing animal health expenditure.Growth in the Number of veterinary practitioners and their income levels in developed economies.Technology advancements in veterinary CT scanners.Restraints:Lack shortage of veterinary practitioners in developing marketsDecreasing animal health awareness in emerging marketsVeterinary CT Scanner MarketStrategic Developments in the Veterinary CT scanner Market:In October 2017, MERRY X-RAY completed the acquisition of Consensys Imaging Service Inc.In September 2017, MERRY X-RAY acquired Universal Medical Systems (UMS) the company involved in providing the Computed Tomography (CT) and Magnetic Resonance Imaging (MRI) scanners.
Through this two main acquisition, the company had expanded its business portfolio in CT, MRI and Veterinary markets.The North American region is playing the principal role in the veterinary CT scanner market due to growth in the number of veterinary practitioners and their income levels in developed economies, technology advancements in veterinary CT scanners.
Though, Asia-Pacific will be the second major market in the proximate future followed by LAMEA region.
The presence of innovative medical advanced technology for animal health and a large number of veterinary practitioners.For More information Visit @: https://www.maximizemarketresearch.com/market-report/veterinary-ct-scanner-market/14612/The scope of Veterinary CT scanner Market ReportVeterinary CT Scanner Market, by typeStationary Multi-Slice CT Scannerso Mid-end CT scannerso High-end CT scannerso Low-end CT scanners.Portable CT ScannersVeterinary CT Scanner Market, by Animal typesmall companion animalsequinelivestockOthers.Veterinary CT Scanner Market, by ApplicationNeurologyOncologyOrthopedicsTraumatologyother applicationsVeterinary CT Scanner Market, by End UsersHospitalsClinicsResearch Institutes.Veterinary CT Scanner Market, By RegionNorth AmericaEuropeAsia PacificRest of the WorldVeterinary CT scanner Market Key PlayersGE HealthcareCanonEpica Medical InnovationsSiemensSamsung ElectronicsKoninklijke Philips N.V.HitachiAnimageBCFMedtronic PLCCarestream Health, IncHitachi LtdKoning CorporationNeusoft CorporationPlanmed OyReasons to Purchase this Report:Current and future of global deep veterinary CT scanner market, the outlook in the developed and emerging markets.The segment that is predictable to lead the market as well as the segment which holds highest CAGR in the forecast period.Regions/countries that are expected to witness the fastest growth rates during the forecast period.The latest innovative developments, market shares, and strategies that are employed by the major market players.This Report Is Submitted By Maximize Market ResearchCustomization of the report:Maximize Market Research provides free personalized of reports as per your demand.
The veterinary CT scanner market is expected to reach USD 173.7 Million by 2022 from an estimated USD 122.3 Million in 2017, at a CAGR of 7.3%.The Research report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Veterinary CT Scanner Market, along with revenue estimates & forecasts and market share analysis.The growth of the global veterinary CT scanners market during the forecast period is mainly driven by the increase in animal healthcare spending and growing pet insurance purchase, the growing companion animal population, increase in the number of veterinary practitioners and their income levels in developed regions, and launch of advanced, innovative CT scanners.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39631288Veterinary CT Scanner Market segmentation:Based on TypeBased on Animal TypeBased on ApplicationBased on GeographyThe Major Players Opearting in the Veterinary CT Scanner Market:Key players in the Veterinary CT Scanner Market include GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Epica Medical Innovation (US), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Animage, LLC (US), GIN ApS (Denmark), QR s.r.l.
(Italy), and 4DDI (US).GE Healthcare was the leading player in the global Veterinary CT Scanner Market.It has its major focus on strengthening its presence in emerging markets such as China and other Asia Pacific and African countries for long-term growth.
To increase its presence in emerging markets, the company is focusing on strategic partnerships, joint ventures, and collaborations with academic institutes to conduct various training and education programs for healthcare professionals.
For instance, in 2016, GE Healthcare and Tata Trusts (India) partnered to train 10,000 youths in various technical areas of healthcare over a three-year period.
The GE Healthcare Education Institute (GE HCI) will design, develop, and execute the courses in India.Geographical Detailed Analysis for Veterinary CT Scanner Market:North America accounted for the largest share of the veterinary CT scanner market in 2016, followed by Europe and Asia Pacific.The largest share of this region is mainly attributed to the increasing adoption of pet animals, the growing pet insurance industry, and rising veterinary healthcare expenditure in the region.Read More in Detailed (Veterinary CT Scanner):https://www.marketsandmarkets.com/PressReleases/veterinary-ct-scanner.aspContact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: 1–888–600–6441Email: [email protected]
Veterinary CT scanners offer effective and early diagnosis of various conditions in the animal body such as neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.
The veterinary CT scanners are used by veterinary hospitals and clinics as well as by university teaching hospitals & academic institutes on small companion animals, equine and livestock, and other animals (zoo and exotic animals).
The growth of the global veterinary CT scanners market during the forecast period is mainly driven by the increase in animal healthcare spending and growing pet insurance purchase, the growing companion animal population, increase in the number of veterinary practitioners and their income levels in developed regions, and launch of advanced, innovative CT scanners.The veterinary CT scanners market has been segmented by type, into stationary multi-slice CT scanners (high-end CT scanners, mid-end CT scanners, and low-end CT scanners), and portable CT scanners.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39631288 Due to their lower prices (as compared to the high-end CT scanners), enhanced image quality and spatial imaging, increased scan speed, higher resolution, greater accuracy on on-the-spot diagnosis, and easy handling mid-end CT scanners are increasingly preferred over other CT scanners.
CT is a preferred method to detect various cancers, including lung cancer and abdominal & bone tumors.
CT is the modality of choice for guidance in many interventional procedures in humans due to its superior contrast, spatial resolution, and its high image quality, especially in areas such as the lung retroperitoneum and bone.
