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
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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
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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
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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.
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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