Veterinary X-Ray Market To Power Swiftly And Reach USD 1,532.98 Million By 2032
According to the report published by Zion Market Research, global demand for the Veterinary X-ray market was valued at approximately USD 869.74 Million in 2023 and is expected to generate revenue of around USD 1,532.98 Million by the end of 2032, growing at a CAGR of around 6.50% between 2024 and 2032.
Increasing animal health spending and rising requirements for pet insurance, rising number of veterinary practitioners in developed areas, and development in the companion animals industry are the major boosters for the global veterinary X-ray market in the years to come.
The major players in the global market for veterinary X-ray are Heska Corporation, IDEXX, Onex Corporation, Fujifilm, Agfa-Gevaert, Sedecal, Fujifilm Holdings Corporation, Sound Technologies, Examion, Canon, Inc., DRE Veterinary, and Konica Minolta.
In veterinary medicine, advanced imaging modalities such as digital radiography and X-ray rooms are quickly becoming popular to facilitate the prevention of injuries, early diagnosis, and detection. Veterinarians prefer digital radiography to evaluate complex diseases in animals. The rising popularity of pet ownership is increasing demand for effective treatment options, and thus demand for veterinary X-rays is expected to rise during the forecast period.
Similarly, radiography is one of the most common diagnostic tests covered by pet insurance. Thus, rising pet insurance adoption and increased awareness of the various diagnostic and treatment options available for pets are some of the factors driving the market growth. For instance, according to the North American Pet Health Insurance Association’s (NAPHIA) statistics published in 2023 show that over 5.36 million pets were insured in North America.
Furthermore, in the veterinary radiography market, there are numerous players, and several of these players have been using pet insurance to encourage the adoption of their products. In addition, the number of new entrants has increased recently in the market. As a result, the involvement of key players in developing innovative products in collaboration with pet insurance companies is expected to boost the market growth.
Digital X-Rays Held The Biggest Share Of The Global Market For Veterinary X-Rays in 2023
On the basis of type, the global market is divided into analog X-rays and digital X-rays. The digital X-ray category added up for the biggest share of the global market in 2023. The huge share of this category can be credited to the number of advantages provided by digital X-ray systems as compared to analog systems, comprising enhanced productivity & efficiency, cost savings, and value-based & patient-centric imaging.
Academic Institutes And Veterinary Hospitals By End User Added For The Biggest Share Of The Global Market Veterinary X-Ray In 2023
By end user, the veterinary X-ray market is divided into veterinary clinics and academic institutes & veterinary hospitals. The academic institutes and veterinary hospitals category added up for the biggest share of the market in 2023. The huge share of this category can be credited to the extensive acceptance of X-ray tools in huge universities for research & educational purposes and the rising requirement for state-of-the-art, modern huge veterinary hubs.
Application Insights
The orthopedics and trauma segment dominated the global veterinary x-ray market by application in 2022 with a share of about 40.00%. The high incidences of bone fractures in small animals are a key factor contributing to segment growth. Road traffic accidents were found to be the leading cause of bone fractures among companion animals. Furthermore, the rise in the number of bone and joint injuries in animals, the high demand for accurate diagnostics, and an increase in the number of animal care facilities are also supplementing segment growth.
Respiratory and gastrointestinal are the fastest-growing segments with a rate of over 6% owing to the growing adoption of digital X-rays in the gastrointestinal tract (stomach, intestines, and colon), and respiratory tract (lungs) disease diagnosis in animals.
Type Insights
The digital segment dominated the global market by type in 2022 and is the fastest growing segment due to several advantages of digital x-ray technology over conventional x-ray techniques.
Associated advantages of using digital devices includes shorter capture time, more efficiency, as well as the production of clearer, more detailed images. Furthermore, this technology enables the production of images within a few seconds of exposure, reducing direct radiation exposure. These factors contribute to the lucrative future growth of digital radiography.
North America Ruled The Global Veterinary X-Ray Market And Is Predicted To Maintain It In The Years To Come
Regionally, the global market for veterinary X-ray is divided into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. North America added up for the biggest share of the global market in 2023. The increasing number of veterinary methods, rising companion animal healthcare spending, and rising number of companion animals are some of the major factors powering the development of the North American veterinary X-ray market.
Browse the full “Veterinary X-ray Market Technology (Direct, Film, and Computing), Device Type (Digital and Analog), and Mobility (Fixed and Portable), By Animal Type (Pet and large animal) for trauma, dental, and oncology application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/veterinary-x-ray-market
Veterinary X-Ray Market: Competitive Analysis
The global veterinary x-ray market is dominated by players like:
- ComeSelectro
- SEDECAL
- CFD Research Corporation
- I.P.S. Galenos Medical
- Control-X Medical cPlc.
- EXAMION GmbH Human medicine
- Fovea IP
- Cuattro Live & Digital
- VetRay Technology by SEDECAL
The global veterinary X-ray market is segmented as follows:
By Technology
- Direct (Capture) Radiography Systems
- Computed Radiography Systems
- Film-based Radiography Systems
By Type
- Digital X-ray
- Analog X-ray
By Mobility
- Stationary
- Portable
By Animal Type
- Small Companion Animals
- Large Animals
By Application
- Orthopedics and Trauma
- Oncology
- Dental Applications
- Other Applications (Neurology, Cardiology, Urology, and Diseases Involving the Respiratory System)
By End User
- Veterinary Hospitals and Academic Institutes
- Veterinary Clinics
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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