Veterinary CT Scanner Market Research Report - Forecast till 2027

Veterinary CT Scanner Market Research Report: By Type (Stationary Multi-slice CT Scanners and Portable CT Scanners), by Slice (4 Slice, 8 Slice, 16 Slice, 32 Slice and 64 Slice), By Animal Type (Small Animals and Large Animals), By Application (Cancer, Cardiovascular Disease, Infectious Disease, Appendicitis, Trauma, Musculoskeletal Disorders, Others), By End User (Veterinary Clinics, Veterinary Hospitals, Academic Institutes) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027

ID: MRFR/MED/4526-HCR | February 2021 | Region: Global | 95 pages

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Veterinary CT Scanner Market Overview


The Veterinary CT Scanner market was valued USD 138.1 million in 2018 and is expected to register a CAGR of 6.2% during the forecast period (2019-2025). According to the market scenario, the veterinary CT scanners have imaging equipment that specifics for the pets, domestic animals, and for diagnosing anomalies within them. Veterinary healthcare has been gaining prominence because manufacturers have been focusing on the production of specialized items. Apart from that, veterinary practitioners have been able to improve animal care by expanding imaging capabilities.


Therefore, this has enhanced the safety as well as the affordability at the same duration. On the other hand, the global veterinary CT scanner market has been driven by the factors that grow the number of pets, increasing the incidence of zoonotic diseases as well as the increase in veterinary imaging. Additionally, technological advancement in increasing the number of veterinary practitioners has been anticipated as well. For instance, it has been observed that the high cost of the systems has been projected in hampering the entire growth of the firm during the stated period.


Covid 19 Analysis


The sudden outbreak of the covid 19 situation on the veterinary CT scanner market has a huge negative effect. Due to the stringent regulations of complete lockdown in partial parts of the world, this market has been affected adversely in a short term. This has portrayed that the entire market has been taken aback by a financial fall down of the production. It has tremendously affected the entire market growth both in the long term and in the short term. Apart from that, the highest number of analyzing the growing aspects has managed to develop the pet owners to have a clinical diagnosis. This has been affected due to the lockdown scenario for stopping the virus.


Market Dynamics



  • Drivers


One of the key marketing driving factors represents the rising demand for pet insurance as well as the growing expenditure on animal health. This clearly states the importance of spending on pet healthcare and that mainly includes pet food, counter medications, pet policies, veterinary care, and others. Hence, it has increased significantly within years and many of the pet owners have major markets in North America and Europe. Here, the growth is considered to be significant with a combination of gross premium.



  • Restraints


The major key restraining factor states the high cost of all the veterinary imaging devices and all these devices are considered to be in high-cost management. The majority of the veterinary practices appear to be small-sized as well as with strict constraints of budgets for analyzing the high-cost management of the restraints. Apart from that, the lack of reimbursement for the procedures has been accelerated. This tends to be a limiting factor that attempts to uptake veterinary imaging instruments among proper practitioners.



  • Challenges


One of the most challenging features of the market states the magnetic livestock of the industry with proper management. Apart from that, an increase in the number of veterinary practitioners has been affected and it is anticipated by the fuel of the entire market growth. Hence, an increase in the incidence of zoonotic diseases has been advancing due to the disruption in the increased expenditure as well as the technological advancement of the veterinary practitioners.



  • Opportunities


The most emerging opportunity of the veterinary CT scanner market states the untapped emerging of the markets. Further, animal ownership has been significant across the world and it clearly portrays the urbanization as well as the increase in the disposal income. An expansion in the access of the veterinary diagnostic system claims the practices to be upgraded in US and European countries. Therefore, the veterinary practices within the mentioned region adopt technologically advanced solutions and it claims to underlie the advanced solutions for better growth. This has resulted in the surge within the animal companion population and also in the growing demand for veterinary practices for the livestock industry. This is expected to make the offer towards a significant opportunity for growth which includes the rising companion of the health expenditure of animals.


Cumulative Growth Analysis


The Compound Annual Growth Rate (CAGR) is predicted to grow at 6.2%. Accordingly, the market growth of the veterinary CT scanner market has tried to expand its growth within the forecast period of 2021-2027. Various drivers such as the growing number of pet owners, also an increase of zoonotic diseases, and the technological advancement of veterinary imaging.


Value Chain Analysis


An increase in the number of veterinary practitioners has given a rise in the market. Hence, this has contributed to the entire overall impact on the market positively. Also, the growing initiatives by the government for the development and research will improve the value chain of the Veterinary CT Scanner Market in the forthcoming years.


Market Segmentation


According to the overview of the market segmentation, the global veterinary CT scanner market has been classified on the basis of type, application, slice, end-user, region, and others. Hence, the veterinary CT scanner market based on type classifies the market into stationary multi-slice CT scanners as well as portable CT scanners. This particular CT scanner has further segmented to hold a great position in this market.


Based upon application, the market of CT scanners has been


classified into 4 slices, 16 slides, 8 slides, 32 slides, and 64 slides as well. Further, based on the animal type, the veterinary CT scanner market is segmented into large animals as well as small animals.


Based on the application, the veterinary CT scanner market has been classified into cardiovascular diseases, cancer, infectious disease, trauma, appendicitis, and musculoskeletal disorders. Lastly, based on end-user, the market has been segmented into veterinary hospitals, clinics, academic institutes, and more.


Regional Analysis


According to the market analysis of the region, the veterinary CT scanner market within America is expected to dominate the market due to an item of increased expenditure on pet insurance. On the other hand, technological advancement is expected to drive the market growth for an increase in the financial output. Europe has been measured as a region with considerable growth and has attributed the increase in the number of veterinary practitioners. Apart from that, Asia-pacific has projected to have the growth at a steady point that forecasts the period by owning the increasing incidence of zoonotic diseases. Further, the Middle East and Africa have projected towards the last position due to the low income within the region.


Competitive Landscape


The majority of the veterinarian CT scanners have been manufactured with the help of the global key players


. It tends to state that the market leaders have to be efficient with more funds for better distribution and research on this particular topic. Therefore, major of the marketing key players states to be:



  • GE Healthcare

  • Agfa-Gevaert N.V.

  • Mindray Medical International Limited

  • IDEXX laboratories

  • Carestream Health, Inc

  • Esaote S.p.A


Recent Development



  • In April 2020, Heska Corporation (US) analyzed Scil Animal Care Company GmbH. Hence, this particular Heska has expanded its presence within the European veterinary imaging market.

  • In January, Heska GmbH signed the agreement with Covetrus Animal Health Holdings Ltd. this particular agreement has helped to receive 100% of the entire capital stock of the animal care business.

  • In November 2019, Carestream Health has managed to announce the establishment of the Global business operation center located in Mumbai as a corporate office. Therefore, it has helped the firm to increase its presence within India.


Report Overview


This report mainly includes all the details and it tends to initialize the growth along with better efficiency of the market with particular management. It states that the driving factors have been interrupted due to the sudden covid 19 situations. The entire analysis is based upon the Covid 19 analysis, regional analysis, market overview, segmentation analysis, market dynamics and it mainly includes the challenges, opportunities, restraints, and drivers. Further, the competitive landscape and the other sections are presented. Hence, all of the information that has been collected is from the primary as well as the secondary sources.


By Geographically



  • North America

  • Europe

  • Asia- Pacific

  • The Middle East and Africa

  • Other regions of the world


Segmentation


By Type



  • Multi-slice CT scanners

  • Portable CT scanners


By slice



  • 4-slice

  • 8-slice

  • 32-slice

  • 64-slice


By Animal Type



  • Small animals

  • Large animals


By Region



  • North America

  • Europe

  • Asia- Pacific

  • The Middle East and Africa

  • Other regions of the world



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   CAGR of 6.2% (2020-2025)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   type, slice, animal type, application, end-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Koninklijke Philips N.V., GE Healthcare, SOUND, Canon, Inc., Epica International, Inc, Siemens AG, Samsung Electronics Co. Ltd., Hitachi, Ltd., Animage, LLC, and GNI ApS
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • growing numbers of pet owners
  • increasing incidence of zoonotic diseases
  • increasing expenditure on pet insurance
  • technological advancements in veterinary imaging
  • increasing number of veterinary practitioners


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    Frequently Asked Questions (FAQ) :

    Global Veterinary CT Scanner Market is expected to exhibit a CAGR of 6.2% from 2018 to 2023.

    The Global Veterinary CT Scanner Market valuation stood at USD 138.1 million in 2018.

    The Americas can dominate the Global Veterinary CT Scanner Market due to the large adoption rate of pets and the growing pet insurance sector.

    The APAC region can exhibit the fastest growth rate in the Global Veterinary CT Scanner Market.

    Samsung Electronics Co. Ltd., SOUND, Koninklijke Philips N.V., Animage, LLC, Hitachi, Ltd., Canon, Inc., Siemens AG, GE Healthcare, Epica International, Inc, and GNI ApS are major players in the global veterinary CT scanner market.