North America Veterinary Radiography Systems Market: Snapshot
The radiography is the technique of
creating high-quality anatomic images by using X-rays. The target is
given radiographic exposure through X-ray generator to develop the
desired image. Today, veterinary radiography systems are being
extensively used to understand the complex conditions suffered by
animals. The rising adoption of pets and breeding of animals for poultry
purposes is expected to boost the uptake of these systems in the coming
years. According to the report, the North America veterinary
radiography systems market is estimated to reach a valuation of US$294.5
mn by the end of 2024 as it promises to surge at a CAGR of 5.8% from
2016 to 2024.
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Increasing Pet Adoption Spikes Demand for Veterinary Radiography Systems
The global market is likely to thrive
against the backdrop of increasing pet adoption across the U.S. and
Canada. The market is also likely to benefit from the growing awareness
about animal health. The emerging trend of veterinary clinics and the
concerns pertaining to animal diseases have also kept the sales of
veterinary radiography systems on the upswing. The strengthening
perception of owning animals as a status symbol, humanitarian causes
along with therapeutic and psychological benefits are also expected to
lend this market an adequate impetus. Furthermore, the growing
participation of these animals in several sports and adventures has
triggered a necessity for veterinary radiography systems to evaluate
their sports injuries. Some of the frequently treated injuries with
these systems are several heart attacks, broken legs, broken necks, and
fractured skulls.
On the basis of technology, veterinary
radiography systems market is segmented into film screen radiography,
digital radiography, and computed radiography. Of these, the digital
radiography segment dominated the North America veterinary radiography
systems market in 2015. The advantage of this technology to produce
images within seconds of exposure has been its winning attribute for the
past few years. Owing to this factor, the digital radiography is
capable of reducing exposure to the radiation.
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Based on applications, the market of
veterinary radiography systems market is divided into orthopedic and
rheumatology, cardiology, oncology, nephrology, and others. Analysts
anticipate that the orthopedic and rheumatology segment will dominate
the market between 2016 and 2024. Growing number of bone injuries during
training and sports activity has boosted the adoption of veterinary
radiography system devices.
U.S. Exhibits Robust Growth Rate in Overall Market as Expenditure on Pets Improves
Geographically, the market has been
segmented into U.S. and Canada markets. The U.S. dominated the North
America veterinary radiography systems market in 2015 and is expected to
maintain its stance in the coming years as well. This trend will
fortify as growing number of citizens are adopting pets across the U.S.
The American Pet Products Association stated that the U.S. pet industry
expenditure was US$60.28 bn in 2015 and is expected to show a steady
growth rate during the forecast years as well. On the other hand, Canada
is expected to exhibit a sluggish growth rate in the overall veterinary
radiography systems market during the forecast period.
Some of the key players operating in the
North America veterinary radiography systems market are Sound-Eklin- VCA
Company, Idexx Laboratories, Canon, Inc., Fuji Medical Systems,
Carestream, Cuattro Veterinary, iM3/Durr Medical, Sedecal and Vetel
Diagnostics. The growth of this regional market will be due to the
strong presence of these companies and their ardent efforts to offer
systems to vets that are equipped with advanced features.
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