Veterinary imaging refers to the
field of veterinary medicine that involves the collection of medical images of
animals in order to diagnose diseases and bone fractures. It is a range of
tests utilized to create images of parts of the body. Veterinary imaging
technology includes ultrasound, X-rays,
magnetic
resonance imaging, computed tomography, and nuclear imaging. Also, the most
commonly utilized imaging technique in veterinary medicine is X-rays. X-rays
can diagnose tumors, foreign bodies, fractures, and other abnormalities in
bones and soft tissues. This technique permits doctors to diagnose diseases in
the early stages, which leads to better outcomes for the patient
As per the recent report released
by Emergen Research, the global
Veterinary Imaging Market size was USD 1.65 Billion in 2021 and is
anticipated to reach a CAGR of 6.1% over the assessment period. The major
factors driving the global veterinary imaging market size include rising pet
ownership, especially in evolved countries. The growing frequency of chronic
diseases in the pet is the other factor enhancing the global market share and
is predicted to maintain its dominance over the foreseen period. Also, rising
animal health expenditures and government initiatives are anticipated to boost
the growth of the market over the projection period.
However, the absence of skilled
professionals and huge costs are the major factors restricting global market
growth. Also, regularity issues and safety concerns are the other factors
anticipated to hinder global market growth.
Top 5 Reasons to Invest in Veterinary Imaging Market:
·
Increasing demand for veterinary
diagnostic services: As the pet population is rising animal healthcare
spending is also rising which is anticipated to boost the veterinary imaging
market over the assessment period.
·
Technological Advancements: Advancement in
veterinary imaging technology is another factor responsible for investing in
the industry as it offers detailed diagnostic and more accurate information.
Also, it made the process faster and more efficient.
·
Growing Veterinary Sector: The veterinary
industry is rising at a rapid rate, with more veterinary clinics and hospitals
opening up every year. This growth is anticipated to continue in the coming
years, which will propel the demand for veterinary imaging services.
·
Increasing Awareness of Animal Health: The
growing awareness about animal health and welfare is predicted to enhance the
veterinary imaging market over the assessment period as pet owners are becoming
more sensible about regular veterinary care. Also, regular checkups and
diagnostic imaging are to identify and treat any potential health issues before
they become serious.
·
Growing Chronic Diseases Among Pets: The growing
frequency of chronic diseases in pets including cancer is anticipated to uplift
the global veterinary imaging market share. As chronic diseases need regular
monitoring and imaging to track their progression and treatment. Also, it is
predicted to boost the global market demand over the projection period.
Conclusion
The veterinary imaging market is
anticipated to grow at a considerable rate over the assessment period due to
the growing demand for animal healthcare services and the evolution of advanced
imaging techniques. Also, the veterinary imaging market is a rapidly rising
industry that plays a crucial role in animal healthcare. It includes the
utilization of several diagnostic imaging techniques that includes ultrasound,
X-rays, CT scans, and MRI scans to detect and treat animals.
Further, the growing acceptance
of companion animals and the rising number of veterinary clinics and hospitals
globally are propelling the growth of the industry. Additionally, the enhancing
factors of the market include the increasing demand for pet insurance and pet
care, the rising prevalence of animal diseases, and the evolution of advanced
veterinary imaging techniques.
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