North America
Veterinary Imaging Market Overview:
The
North America Veterinary Imaging Market was estimated at USD 529.5 million in
2018 and It is expected to reach USD 906.7 million, increasing at a compound
annual rate of 8.12% over the forecast period 2018-2025.
Veterinary
diagnostics provide tools for effective and rapid testing to undertake
preventative or remedial measures in the face of animal pandemics. For
instance, lateral flow and other rapid tests are used in veterinary medicine to
test commercial livestock (large animals - cows, poultry, sheep, pigs, etc.)
and household pets (cats, dogs, etc.) to test for the presence of a variety of
medical conditions caused by bacteria, viruses, allergies, and fertility
issues.
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North America Veterinary Imaging Market - Drivers and Restraints:
In
North America, the market for veterinary imaging is expected to grow at a moderate
CAGR due to the increase in the number of foodborne diseases affecting the
animals, and the need to perform various tests has increased gradually.
The growth of the market during the forecast period is
mainly driven by the increase in animal healthcare spending, growing pet
insurance purchase, and the growing adoption companion animals. Increase in the
number of veterinary practitioners and their income levels in developed
regions, and launch of portable battery charge imaging instrument, further
supports the market boom.
Increase
in purchase and usage of various diagnostic instruments that are utilized in
veterinary practices, in-clinic diagnostic procedures and high-income
households that keep pets and regular visit to pet laboratories are propelling
the growth of this market. However, increasing adoption of vegetarian food due
to changing food habits, the economic downturn, the increased risk of obesity
and other diseases are some of the factors affecting the growth in North
America.
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Geographical Insights
of North America Veterinary Imaging Market:
North
America described the extensive veterinary imaging market in 2018, followed by
Europe and Asia-Pacific. Rise in pet adoption, and growing per capita animal health
expenditure, are two significant drivers for this market. The high growth and
share of this region can also be attributed to the growing number of veterinary
practices and veterinarians.
North
America is a developed region and consisting of the major economies like the
USA and Canada, which offers profitable returns for the investors.
North America Veterinary Imaging Market categorized By Instrument
Sector, By Application and By End-User.
Some of the Key
Players covered in this North America Veterinary Imaging Market Report are:
The
primary key players in North America Veterinary imaging market are Universal
Medical Systems, GE Healthcare, Hallmarg Veterinary Imaging, IDEXX
Laboratories, SUNI Mecial imaging, FUJIFILM Holdings, VetZ Limited, Esaote SpA,
and others.
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kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
https://marketreportsweb.com/
https://acutemarketinsights.com/
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