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Veterinary X-ray Devices Market by Modality and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40084
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The veterinary X-ray devices market size has the potential to grow by USD 188.23 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by modality (portable X-ray systems and stationary X-ray systems) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Avante Health Solutions, Canon Inc., Carestream Health Inc., Control-X Medical Ltd., FUJIFILM Holdings Corp., Heska Corp., IDEXX Laboratories Inc., Konica Minolta Inc., Spanish Society of Electromedicine and Quality SA, and VCA Inc.

Market Overview

Veterinary X-ray Devices Market Size

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Market Competitive Analysis

The veterinary X-ray devices market is fragmented. The market vendors are focusing on organic growth strategies such as product innovation to improve market share and reach out to a wider customer base. Avante Health Solutions, Canon Inc., and Carestream Health Inc. are some of the major market participants. Although the growing presence of veterinary clinics and hospitals will offer immense growth opportunities, the high cost of veterinary X-ray systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this veterinary X-ray devices market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this veterinary x-ray devices market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Avante Health Solutions
  • Canon Inc.
  • Carestream Health Inc.
  • Control-X Medical Ltd.
  • FUJIFILM Holdings Corp.
  • Heska Corp.
  • IDEXX Laboratories Inc.
  • Konica Minolta, Inc.
  • Spanish Society of Electromedicine and Quality SA
  • VCA Inc.

Veterinary X-ray Devices Market: Segmentation by Geography

Veterinary X-ray Devices Market Market segmentation by region

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North America was the largest veterinary X-ray devices market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing veterinary clinic visits, the presence of prominent vendors, and the expansion of veterinary clinics and hospitals are some of the factors that will significantly drive veterinary x-ray devices market growth in this region over the forecast period.

Almost 41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for veterinary X-ray devices in North America. Market growth in this region will be slower than the growth of the market in Asia and Europe.

Veterinary X-ray Devices Market: Segmentation by Modality

Veterinary X-ray Devices Market Segmentation

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The growth of the veterinary X-ray devices market by the portable X-ray systems is attributed to the benefits over stationary X-ray systems. The significant benefits involve the ability to obtain results in real-time, in less than 20 mins, and reduced radiation exposure compared with the stationary models.

The veterinary X-ray devices market share growth by the portable X-ray systems segment will be faster than the growth of the market by the stationary X-ray systems segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the veterinary X-ray devices market size.

Veterinary X-ray Devices Market: Key Drivers and Trends

Vendors and private organizations are investing in the establishment of veterinary clinics and hospitals to provide care to animals in developing countries such as Nigeria. Moreover, private retail companies are collaborating with private firms to build veterinary clinics. For instance, in August 2019, Petco Animal supplies announced a collaboration with private firms to build veterinary clinics. Such developments in the veterinary sector will further increase investments in animal care products and services, such as diagnostics. This, in turn, will drive the installation of veterinary X-ray devices, fueling the market growth.

  • Vendors are developing digital veterinary diagnostic devices to increase their product portfolio and strengthen their market presence.
  • Digital X-ray devices provide high-quality images, do not require chemical developers, and has improved organization for the maintenance of patient files.
  • Vendors are further investing in R&D to develop advanced diagnostics systems observing the high for digital X-ray devices.
  • The veterinary X-ray devices market is expected to record a CAGR of over 6% during 2020-2024.  

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Veterinary X-ray Devices Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive veterinary X-ray devices market growth during the next five years
  • Precise estimation of the veterinary X-ray devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the veterinary X-ray devices industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of veterinary X-ray devices market vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY MODALITY

  • Market segmentation by modality
  • Comparison by modality
  • Portable X-ray systems - Market size and forecast 2019-2024
  • Stationary X-ray systems - Market size and forecast 2019-2024
  • Market opportunity by modality

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Growth in adoption of companion animals
  • Technological advancements in veterinary X-ray systems
  • Growing adoption of portable and mobile systems

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Avante Health Solutions
  • Canon Inc.
  • Carestream Health Inc.
  • Control-X Medical Ltd.
  • FUJIFILM Holdings Corp.
  • Heska Corp.
  • IDEXX Laboratories Inc.
  • Konica Minolta Inc.
  • Spanish Society of Electromedicine and Quality SA
  • VCA Inc.

PART 13: APPENDIX

List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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