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Veterinary X-ray Market - By Technology (Computed, Direct, Film-based), Mobility (Stationary, Portable), Animal (Small Companion, Large), By Application (Orthopedics, Dental, Oncology), By End-user (Hospital, Academic Institute), Forecast 2023–2032


Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition

Publisher : MIR | Format : PDF&Excel

Veterinary X-ray Market - By Technology (Computed, Direct, Film-based), Mobility (Stationary, Portable), Animal (Small Companion, Large), By Application (Orthopedics, Dental, Oncology), By End-user (Hospital, Academic Institute), Forecast 2023–2032

Veterinary X-ray Market Size

Veterinary X-ray Market was valued at around USD 762.7 million in 2022 and is expected to grow substantially at a CAGR of around 6.9% from 2023 to 2032 on account of increasing use of radiography in veterinary orthopedics, dentistry, and traumatology.

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X-ray radiation is used in the medical and healthcare industries for various medical interventions and diagnoses such as catheter placement. Veterinary x-rays are frequently used to detect ailments in animals. One of the key reasons accelerating the growth of the market is the increasing animal medicalization rates due to the rising demand for pet insurance. Rapid technological advancements in animal health, such as the effective incorporation of teleradiology and radiology information systems are driving the market value.

Veterinary X-ray Market Report Attributes
Report Attribute Details
Base Year 2022
Veterinary X-ray Market Size in 2022 USD 762.7 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6.9%
2032 Value Projection USD 1.4 Billion
Historical Data for 2018 to 2022
No. of Pages 175
Tables, Charts & Figures 361
Segments covered Technology, Type, Mobility, Animal Type, Application, End user, and Region
Growth Drivers
  • Increasing demand of pet insurance and increasing spending on animal healthcare
  • Rise in the number of companion animal ownership
  • Rise in the prevalence of zoonotic diseases
  • Technological developments in animal healthcare industry
  • Increasing use of radiography in veterinary orthopedics, dentistry, and traumatology
Pitfalls & Challenges
  • High cost of veterinary X-ray equipment and procedures
  • Exposure to radiation

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The COVID-19 pandemic had a positive impact on veterinary X-ray market, owing to increased demand for portable X-ray equipment. Due to social distancing in quarantine measures, has been a significant increase in demand for portable X-ray equipment which allows veterinarians to perform imaging studies on animals without having to bring them into the clinic or hospital. Portable X-ray equipment also enables veterinarians to perform investigations on animals in remote or inaccessible areas. However, shortage of Xray supplies had a slightly negative impact on market. The COVID-19 pandemic has also led to a shortage of X ray supplies, including X-ray films and chemicals, due to disruption in the supply chain caused by the pandemic.

Veterinary X-ray Market Trends

Raising demand for digital X-ray systems is beneficial for the market progress. Digital X-ray systems are becoming increasingly popular in the veterinary industry due to their many advantages over traditional film-based systems. Digital systems offer faster image acquisition, better image quality, and the ability to easily store and share images electronically. Portable X-ray equipment has become increasingly popular in recent years due to its ease-of-use, flexibility, and ability to provide image studies on-site. Portable systems are particularly useful for veterinarians who travel to different locations to treat animals or for emergency situations.

Veterinary X-ray Market Analysis

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Based on the technology, the veterinary x-ray market is segmented into computed radiography systems, direct radiography systems, and film-based radiography systems. The computed radiography segment accounted for the largest revenue share of the global market in 2022. This is due to product affordability, easy installation, and wider market exposure. It is also more cost-effective and efficient than direct radiography, which uses film as a medium.

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Digital X-ray segment held the highest share in 2022 and is expected to grow in the forecast period, owing to its numerous advantages, such as low labour costs, faster capture time, and large profit margins for market players are some of the advantages of adopting digital technology. Furthermore, this technology allows for the creation of photographs within a few seconds of exposure, reducing direct radiation exposure. These reasons contribute to the lucrative development prospects for digital radiography.

Based on mobility, the veterinary X-ray market is categorized into stationary X-ray systems and portable X-ray systems. In 2022, the portable X-ray systems segment accounted for the largest market share. The segment growth can be attributed to numerous advantages of portable X-ray systems over analog systems such as cost savings, better efficiency & productivity, patient-centric, and value-based imaging.

Based on animal type, the market is segmented into small companion animals, large animals, and other animals. In 2022, the small companion animals segment dominated the market. The large share of this segment can be attributed to the increasing adoption of companion animals, growing concerns of pet owners regarding pet health & increasing willingness to spend on their well-being, and the rising adoption of non-invasive diagnostic imaging systems by animal health practitioners.

Based on end user, the veterinary X-ray market is divided into veterinary clinics, veterinary hospitals & academic institutes, and other end-use areas. The veterinary hospitals sector held the largest market share in the industry in 2022. The high demand for X-ray equipment in animal healthcare centers is fuelled by the need for quick, accurate, and cost-effective diagnostic tools. Imaging technology advancements, such as cloud-based information management systems and pet owner mobile technologies are anticipated to promote product adoption in animal healthcare facilities during the forecast period.

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Based on region, the veterinary X-ray market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the largest market share in 2022. This is owing to the increasing veterinary practice, growing adoption of companion animals, and rising expenditure on pet healthcare in the U.S. The U.S. and Canada have some of the highest rates of pet ownership in the world, with over 60% of households owning a pet. This has led to a significant demand for fraternally services, including X-ray imaging.

Veterinary X-ray Market Share

Some of the major industry players operating in the veterinary X-ray market are

  • FUJIFILM Holdings Corporation
  • IDEXX Laboratories Inc
  • Heska Corporation
  • Canon Medical Systems
  • Siemens Healthcare Limited
  • GE HealthCare
  • Avante Animal Health
  • Konica Minolta
  • Examion
  • Sedecal,

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Veterinary X-ray Industry News

  • In February 2021, Fujifilm launched VXR veterinary X-ray room. This X-ray room's revolutionary design is aimed towards veterinarians who want to move to high-quality, low-dose X-rays using an economical, adaptable, easy-to-use, and simple-to-install system.
  • In June 2021, Konica Minolta Healthcare Americas, Inc. announced the release of a new veterinary digital X-ray imaging system that optimises the acquisition process and monitors system functioning using proprietary technology and algorithms. VETSMART is the most recent advancements in veterinary X-ray technology, featuring a smart collimator that use anatomically programmed radiography (APR) to evaluate the patient's body habitus and prescribe the best imaging strategy. The solution contains unique auto thickness detecting technology, which optimises scanning parameters even further.

Veterinary X-ray market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments

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By Technology, 2018 - 2032 (USD Million & Units)

 

  • Computed radiography systems
  • Direct radiography systems
  • Film-based radiography systems

By Type, 2018 - 2032 (USD Million)

  • Digital X-ray systems
  • Analog X-ray systems

By Mobility, 2018 - 2032 (USD Million)

  • Stationary X-ray systems
  • Portable X-ray systems

By Animal Type, 2018 - 2032 (USD Million)

  • Small companion animals
  • Large animals
  • Other animals

By Application, 2018 - 2032 (USD Million)

  • Orthopedics/trauma
  • Dental application
  • Oncology
  • Other applications

By End-user, 2018 - 2032 (USD Million)

  • Veterinary hospitals and academic institutes
  • Veterinary clinics
  • Other end users

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

 

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