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

Veterinary CT Scanner Market Scenario:

Veterinary CT Scanner Market size is expected to register a CAGR of 6.2% during the forecast period of 2019 to 2025, with a market value of USD 138.1 Million in 2018.

Veterinary CT scanners are imaging equipment, specific for pets and domestic animals, and are used for diagnosing any anomalies in them. Veterinary healthcare is gaining prominence due to the manufacturers focusing on the production of specialized formulation products and manufacturing processes. The veterinary practitioners are able to improve animal care by expanding their imaging capabilities, and thus, enhancing the safety and affordability at the same time with a device.

The global veterinary CT scanner market is driven by factors such as growing numbers of pet owners, increasing incidence of zoonotic diseases, and increasing expenditure on pet insurance. Additionally, technological advancements in veterinary imaging and increasing number of veterinary practitioners are anticipated to fuel the market growth. For instance, according to the American Society for the Prevention of Cruelty to Animals (ASPCA), around 6.5 million companion animals enter the US animal shelters nationwide each year. Out of which, about 3.3 million are dogs, and 3.2 million are cats. Approximately 3.2 million shelter animals are adopted each year including 1.6 million dogs and 1.6 million cats. On the other hand, the high cost of the device is projected to hamper the growth of the market during the assessment period.

Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and mergers to retain their position in the market.

Segmentation

The Global Veterinary CT Scanner Market has been segmented based on type, slice, animal type, application, end-user, and region.

The veterinary CT scanner market, based on type, has been segmented into stationary multi-slice CT scanners and portable CT scanners. The stationary multi-slice CT scanners segment is expected to hold a major share in the market due to the rising adoption of these types of devices.

The veterinary CT scanner market, based on slice, has been segmented into 4 slice, 8 slice, 16 slice, 32 slice, and 64 slices.

The veterinary CT scanner market, based on animal type, has been segmented into small animals and large animals.

The veterinary CT scanner market, based on application, has been segmented into cancer, cardiovascular disease, infectious disease, appendicitis, trauma, musculoskeletal disorders, and others.

The veterinary CT scanner market, based on end-user, has been segmented into veterinary clinics, veterinary hospitals, and academic institutes.

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The veterinary CT scanner market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European veterinary CT scanner market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The veterinary CT scanner market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The veterinary CT scanner market in the Middle East & Africa has been divided into the Middle East and Africa.

Key Players

Koninklijke Philips N.V

GE Healthcare

SOUND

Canon, Inc

Epica International, Inc

Siemens AG

Samsung Electronics Co. Ltd

Hitachi, Ltd

Animage

GNI ApS

Regional Market Summary

Global Veterinary CT Scanner Market Share by Region, 2018 (%)

Source: World Health Organization (WHO)

The veterinary CT scanner market in the Americas is expected to dominate the global veterinary CT scanner market due to the increasing expenditure on pet insurance and the increasing number of pet owners. Moreover, technological advancement is expected to drive market growth.

The veterinary CT scanner market in Europe showed a considerable amount of growth. This can be attributed to the increasing number of veterinary practitioners and the involvement of key companies.

The veterinary CT scanner market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the increasing incidence of zoonotic diseases.

The veterinary CT scanner market in the Middle East & Africa is projected to account for the least share of the global market due to low disposable income in the region.

Global Veterinary CT Scanner Market, by Type

Stationary Multi-slice CT Scanners

Portable CT Scanners

Global Veterinary CT Scanner Market, by Slice

4 Slice

8 Slice

16 Slice

32 Slice

64 Slice

Global Veterinary CT Scanner Market, by Animal Type

Small Animals

Large Animals

Global Veterinary CT Scanner Market, by Application

Cancer

Cardiovascular Disease

Infectious Disease

Appendicitis

Trauma

Musculoskeletal Disorders

Others

Global Veterinary CT Scanner Market, by End User

Veterinary Clinics

Veterinary Hospitals

Academic Institutes

Global Veterinary CT Scanner Market, by Region

Americas
- North America
  - US
  - Canada
- Latin America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

Middle East & Africa
- Middle East
- Africa

Intended Audience

Research and development (R&D) companies

Veterinary CT scanner manufacturing companies

Government research institutes

Academic institutes and universities

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	CAGR of 6.2% (2020-2027)
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

Frequently Asked Questions (FAQ) :

What is the expected CAGR of the Global Veterinary CT Scanner Market?

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

What was the valuation of the Global Veterinary CT Scanner Market?

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

Which region can dominate the Global Veterinary CT Scanner Market?

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

Which region can exhibit the fastest growth rate in the Global Veterinary CT Scanner Market?

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

Who are the major players 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.

Table Of Contents

1. REPORT PROLOGUE

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power Of Suppliers

5.1.2. Bargaining Power Of Buyers

5.1.3. Threat Of New Entrants

5.1.4. Threat Of Substitutes

5.1.5. Intensity Of Rivalry

5.2. Value Chain Analysis

6. GLOBAL VETERINARY CT SCANNER MARKET, BY TYPE

6.1. Overview

6.2. Stationary Multi-Slice CT Scanners