Veterinary Radiography System Market (Product: Digital X-ray [Direct and Indirect] and Analog X-ray; Technology: Computed Radiography, Digital Radiography, and Film Screen Radiography; Animal: Small Companion Animals and Large Animals; Indication: Orthopedic & Rheumatology, Cardiology, Oncology,Nephrology, and Others; and End User: Veterinary Hospitals, Veterinary Clinics, and Diagnostic Canters & Research Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2030

Can Digital X-ray Systems Offer Value for Money to Veterinarians?

Digital radiography is becoming increasingly mainstream in the veterinary radiography system market. This novel technique is gaining popularity for its environment-friendly and high-quality imaging attributes. As such, digital X-ray products account for a higher revenue as compared to analog X-ray products in the market for veterinary radiography systems, which is estimated to reach a revenue of US$ 817.7 Mn by the end of 2027. Thus, veterinarians are preferring digital X-ray systems to acquire improved quality of digital imaging.

Digital X-ray systems offer value for money to veterinarians in the veterinary radiography system market, since they play an important role in reducing administrative efforts and are time-efficient. These systems are being combined with veterinary management systems to help veterinarians gain access to a plethora of patient records and retrieve images from the archive. Hence, companies in the veterinary radiography system market are increasing their production capacities to manufacture advanced digital X ray systems.

High-speed CR Systems to be Extremely Helpful in Evaluation of Tiny Anomalies

In order to meet the requirements of veterinary doctors, companies in the veterinary radiography system market are increasing their production capacities to develop stationary full systems and portable X-ray units. For instance, OR Technology- a specialist in X-ray solutions, has developed portable X-ray systems for digital radiology. Likewise, manufacturers in the market for veterinary radiography systems are increasing R&D to develop digital X-ray units sans the need of cassettes for imaging.

Companies in the veterinary radiography system market are increasing the availability of compact and high-speed desktop units for standard X-ray examinations. This has led to the introduction of cost-efficient computed radiography (CR) systems. As such, computed radiography technology segment dominates the veterinary radiography system market. On the other hand, manufacturers are introducing digital dental radiography systems that are affordable and improve overall productivity of veterinary practices. They are focusing on design improvements by integrating powerful and user-friendly technology.

Screen-film Radiography Versus Digital Radiography: Which is better?

Needle-based storage-phosphor detector radiography is gaining importance in the veterinary radiography system market. This technique is found to be superior to conventional storage-phosphor and mammography screen-film systems. Needle-based detector systems perform better than screen-film systems in diagnostic imaging of small animals. On the other hand, screen-film radiography is a better alternative to digital radiography, since the latter has limited spatial resolution.

The veterinary radiography system market is anticipated to grow at a CAGR of 6.2% during the forecast period. Technological advancements have led to innovations in digital radiography. Though screen-film radiography has better spatial resolution, companies in the veterinary radiography system market are increasing R&D to enhance intrinsic sharpness and noise level of digital radiography systems. This is evident, since digital radiography is projected for exponential growth during the forecast period. As digital radiography systems are limited in spatial resolution, screen-film systems are limited compared to diagnostic imaging.

PACS Support Advanced Diagnostic Imaging of Small Animals

Several drivers such as the introduction of picture archiving and communication systems (PACS) are contributing toward the growth of the veterinary radiography system market. Companies in the market landscape are increasing efforts to develop user-friendly PACS solutions for management of the production and the use of X-ray images. Veterinarians are investing in novel digital technologies for analyzing and viewing X-rays of small animals. This is evident since diagnostic imaging of small animals is estimated to be high compared to large animals.

Apart from veterinary hospitals, manufacturers are catering to the needs of veterinarians in small practices. As such, veterinary clinics end user segment is anticipated for aggressive growth in the market for veterinary radiography system. Hence, companies in the market for veterinary radiography systems are increasing the availability of cost-effective full X-ray systems that cater to limited spending of small-scale practitioners. There is a growing demand for space-saving X-ray systems for standard wall socket operation with a floating tabletop.

Analysts’ Viewpoint

Companies in the veterinary radiography system market are working closely with physicians and universities to gain global recognition. There is a growing demand for low maintenance and German-made hardware and software systems. Apart from animal hospitals, manufacturers are increasing the availability of compact and mobile systems that cater to the needs of end-use stakeholders in stables and small veterinary practices.

Moreover, digital radiography has led to the need for high-quality diagnostic imaging. However, high cost of digital X-ray systems poses as a barrier for small practitioners. Hence, manufacturers should increase R&D to develop cost and time-efficient digital X-ray systems for small practitioners.

Veterinary Radiography System Market: Overview

The global veterinary radiography system market for the historical period 2017–2018 and forecast period 2019–2027, rapid increase in the number of animal diseases, rise in companion animal ownership, high prevalence of zoonotic diseases, and increase in access to health care are anticipated to drive the global veterinary radiography system market

According to the report, the global veterinary radiography system market was valued at US$ 478.1 Mn in 2018 and is projected to expand at a CAGR of 6.2% from 2019 to 2027

Increase in Ownership of Companion Animals Globally and Rise in Affordability and Expenditure on Animal Health: Key Drivers

Nearly 2.7 million animals are adopted every year from shelter homes in the U.S. Increase in adoption of animals and various exotic pets is expected to drive the global veterinary radiography system market in the next few years. The British Columbia Society for the Prevention of Cruelty to Animals (BCSPCA) rescued 27,187 injured and homeless animals, found new homes for nearly 15,811 animals, and transported 4,994 animals to shelter homes in 2015. Pet owners have begun scrutinizing health services offered to their pets. Surge in awareness about pet health has led to routine health check-ups, which is expected to boost the growth of the global veterinary radiography system market.

In developed countries, pets are treated like family members and various products are used to improve their lives. For instance, in Australia alone, the expenditure on pet care products and services stood at around US$ 4.62 Bn in 2005. According to the American Pet Products Association, the U.S. pet industry expenditure stood at US$ 60.3 Bn in 2015 and US$ 62.7 Bn in 2016. Additionally, spending on veterinary care increased by 2.5% in 2014 over that in 2013. Moreover, the pet industry attracted new entrepreneurs and various pet start-ups have opened in 2017. New companies are launching products for small animal care, which is likely to fuel the growth of the global veterinary radiography system market by 2027.

Focus on Geographic Expansion

Companies in the global veterinary radiography system market are increasingly turning to in-licensing and collaboration agreements to launch new products in North America and Europe. Rise in demand for technology-driven solutions, economic growth, and increase in consumption of meat & dairy products present significant opportunities for players operating in the global veterinary radiography system market.

According to industry experts, high cost of veterinary radiography systems and less awareness could hamper the growth of the global veterinary radiography system market. This is particularly true for various underdeveloped and developing countries. In developing countries such as India, veterinary medical practitioners need to be educated regarding the usage of veterinary radiography systems. Late diagnosis of diseases increases the cost of treatment. Hence, growth of the veterinary radiography system market is projected to be faster in these regions. However, high cost of digital radiography systems would be a deterrent for exploiting the full potential of these regions.

High Cost and Lack of Skilled Personnel to Hamper Market

The global veterinary radiography system market is technology driven. Introduction of new technologies in the market increases the demand for these systems due to improved efficiency and outcomes. However, high cost of these new devices raises the affordability issue, which hampers the growth of the veterinary radiography system market, especially in the developing countries. Moreover, lack of reimbursement affects demand for veterinary radiography systems.

Veterinary radiography systems have witnessed rise in adoption among veterinarians in the last decade. However, standardization in training for new technologically advanced radiography systems and accreditation guidelines to ensure physician competence is still lacking.

Veterinary Radiography System Market: Competitive Landscape

This report profiles major players in the global veterinary radiography system market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global veterinary radiography system market is highly fragmented, with the presence of a small number of international players and several regional players

Leading players operating in the global veterinary radiography system market are

• Sound (VCA, Inc.)
• Canon, Inc.
• Fujifilm Holdings America Corporation
• Diagnostic Imaging Systems
• Merry X-Ray Corporation
• Sedecal
• IMV imaging
• DRE Medical
• Midmark Corporation,

Key Questions Answered in Global Veterinary Radiography System Market Report

• What is the scope of growth of computed radiography in the global veterinary radiography system market?
• What will be the Y-o-Y growth of the global veterinary radiography system market between 2019 and 2027?
• What is the influence of changing trends in digital X-ray on the global veterinary radiography system market?
• Will North America continue to be the most profitable market for veterinary radiography system providers?
• Which factors are anticipated to hamper the growth of the global veterinary radiography system market during the forecast period?
• Which are the leading companies in the global veterinary radiography system market?

Veterinary Radiography System Market - Segmentation

Product

• Digital X-ray
• Direct
• Indirect
• Analog X-ray

Technology

• Computed Radiography
• Digital Radiography
• Film Screen Radiography

Animal

• Small Companion Animals
• Large Animals

Indication

• Orthopedic & Rheumatology
• Cardiology
• Oncology
• Nephrology
• Others

End User

• Veterinary Hospitals
• Veterinary Clinics
• Diagnostic Canters & Research Centers

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Veterinary Radiography System Market

4. Market Overview

    4.1. Introduction

        4.1.1. Technology Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Veterinary Radiography System Market Analysis and Forecast, 2017–2027

        4.4.1. Market Revenue Projections (US$ Mn)

    4.5. Porter’s Five Force Analysis

5. Key Insights

    5.1. Health Care Industry Overview

    5.2. Animal Population (Mn), by Key Country, in 2017

    5.3. Veterinary Radiography System Market, Pricing Trend Analysis

    5.4. Value Chain Analysis

    5.5. Regulatory Scenario

6. Global Veterinary Radiography System Market Analysis and Forecast, by Product

    6.1. Introduction & Definition

        6.1.1. Key Findings / Developments

    6.2. Global Veterinary Radiography System Market Value Forecast, by Product, 2017–2027

        6.2.1. Digital X-ray

            6.2.1.1. Direct

            6.2.1.2. Indirect

        6.2.2. Analog X-ray

    6.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Product

7. Global Veterinary Radiography System Market Analysis and Forecast, by Animal 

    7.1. Introduction & Definition

        7.1.1. Key Findings / Developments

    7.2. Global Veterinary Radiography System Market Value Forecast, by Animal, 2017–2027

        7.2.1. Small Companion Animals

        7.2.2. Large Animals 

    7.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Animal 

8. Global Veterinary Radiography System Market Analysis and Forecast, by Technology 

    8.1. Introduction & Definition

        8.1.1. Key Findings / Developments

    8.2. Global Veterinary Radiography System Market Value Forecast, by Technology, 2017–2027

        8.2.1. Computed Radiography 

        8.2.2. Digital Radiography

        8.2.3. Film Screen Radiography 

    8.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Technology 

9. Global Veterinary Radiography System Market Analysis and Forecast, by Indication 

    9.1. Introduction & Definition

        9.1.1. Key Findings / Developments

    9.2. Global Veterinary Radiography System Market Value Forecast, by Indication, 2017–2027

        9.2.1. Orthopedic & Rheumatology

        9.2.2. Cardiology

        9.2.3. Oncology

        9.2.4. Nephrology

        9.2.5. Others 

    9.3. Global Veterinary Radiography System Market Attractiveness Analysis, by Indication

10. Global Veterinary Radiography System Market Analysis and Forecast, by End-user 

    10.1. Introduction & Definition

        10.1.1. Key Findings / Developments

    10.2. Global Veterinary Radiography System Market Value Forecast, by End-user, 2017–2027

        10.2.1. Veterinary Hospitals

        10.2.2. Veterinary Clinics

        10.2.3. Diagnostic Centers & Research Centers

    10.3. Global Veterinary Radiography System Market Attractiveness Analysis, by End-user

11. Global Veterinary Radiography System Market Analysis and Forecast, by Region

    11.1. Key Findings

    11.2. Global Veterinary Radiography System Market Value Forecast, by Region

        11.2.1. North America 

        11.2.2. Europe 

        11.2.3. Asia Pacific 

        11.2.4. Latin America 

        11.2.5. Middle East & Africa 

    11.3. North America Veterinary Radiography System Market Attractiveness Analysis, by Region

12. North America Veterinary Radiography System Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Product, 2017–2027

        12.2.1. Digital X-ray

            12.2.1.1. Direct

            12.2.1.2. Indirect

        12.2.2. Analog X-ray

        12.2.3.  

    12.3. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Animal, 2017–2027

        12.3.1. Small Companion Animals

        12.3.2. Large Animals 

    12.4. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Technology, 2017–2027

        12.4.1. Computed Radiography 

        12.4.2. Digital Radiography

        12.4.3. Film Screen Radiography

    12.5. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Indication, 2017–2027

        12.5.1. Orthopedic & Rheumatology

        12.5.2. Cardiology

        12.5.3. Oncology

        12.5.4. Nephrology

        12.5.5. Others

    12.6. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        12.6.1. Veterinary Hospitals

        12.6.2. Veterinary Clinics

        12.6.3. Diagnostic Centers & Research Centers

    12.7. North America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Country, 2017–2027

        12.7.1. U.S.

        12.7.2. Canada

    12.8. North America Veterinary Radiography System Market Attractiveness Analysis 

        12.8.1. By Product

        12.8.2. By Animal

        12.8.3. By Technology

        12.8.4. By Indication

        12.8.5. By End-user

        12.8.6. By Country

13. Europe Veterinary Radiography System Market Analysis and Forecast

    13.1. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by Product, 2017–2027

        13.1.1. Digital X-ray

            13.1.1.1. Direct

            13.1.1.2. Indirect

        13.1.2. Analog X-ray

    13.2. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by Animal, 2017–2027

        13.2.1. Small Companion Animals

        13.2.2. Large Animals 

    13.3. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by Technology, 2017–2027

        13.3.1. Computed Radiography 

        13.3.2. Digital Radiography

        13.3.3. Film Screen Radiography

    13.4. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by Indication, 2017–2027

        13.4.1. Orthopedic & Rheumatology

        13.4.2. Cardiology

        13.4.3. Oncology

        13.4.4. Nephrology

        13.4.5. Others

    13.5. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        13.5.1. Veterinary Hospitals

        13.5.2. Veterinary Clinics

        13.5.3. Diagnostic Centers & Research Centers 

    13.6. Europe Veterinary Radiography System Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        13.6.1. Germany

        13.6.2. U.K.

        13.6.3. France

        13.6.4. Spain

        13.6.5. Italy

        13.6.6. Rest of Europe 

    13.7. Europe Veterinary Radiography System Market Attractiveness Analysis 

        13.7.1. By Product

        13.7.2. By Animal

        13.7.3. By Technology

        13.7.4. By Indication

        13.7.5. By End-user

        13.7.6. By Country/Sub-region

14. Asia Pacific Veterinary Radiography System Market Analysis and Forecast

    14.1. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by Product, 2017–2027

        14.1.1. Digital X-ray

            14.1.1.1. Direct

            14.1.1.2. Indirect

        14.1.2. Analog X-ray 

    14.2. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by Animal, 2017–2027

        14.2.1. Small Companion Animals

        14.2.2. Large Animals 

    14.3. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by Technology, 2017–2027

        14.3.1. Computed Radiography 

        14.3.2. Digital Radiography

        14.3.3. Film Screen Radiography

    14.4. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by Indication, 2017–2027

        14.4.1. Orthopedic & Rheumatology

        14.4.2. Cardiology

        14.4.3. Oncology

        14.4.4. Nephrology

        14.4.5. Others

    14.5. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        14.5.1. Veterinary Hospitals

        14.5.2. Veterinary Clinics

        14.5.3. Diagnostic Centers & Research Centers 

    14.6. Asia Pacific Veterinary Radiography System Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        14.6.1. China

        14.6.2. Japan

        14.6.3. India

        14.6.4. Australia & New Zealand

        14.6.5. Rest of Asia Pacific 

    14.7. Asia Pacific Veterinary Radiography System Market Attractiveness Analysis 

        14.7.1. By Product

        14.7.2. By Animal

        14.7.3. By Technology

        14.7.4. By Indication

        14.7.5. By End-user

        14.7.6. By Country/Sub-region

15. Latin America Veterinary Radiography System Market Analysis and Forecast

    15.1. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Product, 2017–2027

        15.1.1. Digital X-ray

            15.1.1.1. Direct

            15.1.1.2. Indirect

        15.1.2. Analog X-ray 

    15.2. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Animal, 2017–2027

        15.2.1. Small Companion Animals

        15.2.2. Large Animals

    15.3. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Technology, 2017–2027

        15.3.1. Computed Radiography 

        15.3.2. Digital Radiography

        15.3.3. Film Screen Radiography

    15.4. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Indication, 2017–2027

        15.4.1. Orthopedic & Rheumatology

        15.4.2. Cardiology

        15.4.3. Oncology

        15.4.4. Nephrology

        15.4.5. Others 

    15.5. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        15.5.1. Veterinary Hospitals

        15.5.2. Veterinary Clinics

        15.5.3. Diagnostic Centers & Research Centers 

    15.6. Latin America Veterinary Radiography System Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        15.6.1. Brazil

        15.6.2. Mexico

        15.6.3. Rest of Latin America Latin America 

    15.7. Latin America Veterinary Radiography System Market Attractiveness Analysis 

        15.7.1. By Product

        15.7.2. By Animal

        15.7.3. By Technology

        15.7.4. By Indication

        15.7.5. By End-user

        15.7.6. By Country/Sub-region

16. Middle East & Africa Veterinary Radiography System Market Analysis and Forecast

    16.1. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by Product, 2017–2027

        16.1.1. Digital X-ray

            16.1.1.1. Direct

            16.1.1.2. Indirect

        16.1.2. Analog X-ray 

    16.2. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by Animal, 2017–2027

        16.2.1. Small Companion Animals

        16.2.2. Large Animals

    16.3. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by Technology, 2017–2027

        16.3.1. Computed Radiography 

        16.3.2. Digital Radiography

        16.3.3. Film Screen Radiography

    16.4. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by Indication, 2017–2027

        16.4.1. Orthopedic & Rheumatology

        16.4.2. Cardiology

        16.4.3. Oncology

        16.4.4. Nephrology

        16.4.5. Others

    16.5. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        16.5.1. Veterinary Hospitals

        16.5.2. Veterinary Clinics

        16.5.3. Diagnostic Centers & Research Centers 

    16.6. Middle East & Africa Veterinary Radiography System Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        16.6.1. GCC Countries

        16.6.2. South Africa

        16.6.3. Rest of Middle East & Africa 

    16.7. Middle East & Africa Veterinary Radiography System Market Attractiveness Analysis 

        16.7.1. By Product

        16.7.2. By Animal

        16.7.3. By Technology

        16.7.4. By Indication

        16.7.5. By End-user

        16.7.6. By Country/Sub-region

17. Competition Landscape

    17.1. Market Player - Competition Matrix (by Tier and Size of companies)

    17.2. Market Share / Position Analysis, by Company, 2018

    17.3. Company Profiles

        17.3.1. Diagnostic Imaging Systems

            17.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.1.2. Growth Strategies

            17.3.1.3. SWOT Analysis

        17.3.2. Carestream Health

            17.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.2.2. Growth Strategies

            17.3.2.3. SWOT Analysis

        17.3.3. Sound (VCA, Inc.)

            17.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.3.2. Growth Strategies

            17.3.3.3. SWOT Analysis

        17.3.4. Merry X-Ray Corporation

            17.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.4.2. Growth Strategies

            17.3.4.3. SWOT Analysis

        17.3.5. Canon, Inc.

            17.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.5.2. Growth Strategies

            17.3.5.3. SWOT Analysis

        17.3.6. FUJIFILM Corporation 

            17.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.6.2. Growth Strategies

            17.3.6.3. SWOT Analysis 

        17.3.7. Sedecal

            17.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.7.2. Growth Strategies

            17.3.7.3. SWOT Analysis

        17.3.8. IMV imaging

            17.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.8.2. Growth Strategies

            17.3.8.3. SWOT Analysis

        17.3.9. DRE Medical

            17.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.9.2. Growth Strategies

            17.3.9.3. SWOT Analysis

        17.3.10. Midmark Corporation

            17.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.3.10.2. Growth Strategies

            17.3.10.3. SWOT Analysis