[184 Pages Report] The veterinary CT scanners market is expected to reach USD 173.7 million by 2022 from an estimated USD 122.3 million in 2017, at a CAGR of 7.3%. Veterinary CT scanners offer effective and early diagnosis of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare. The veterinary CT scanners are used by veterinary hospitals and clinics as well as by university teaching hospitals & academic institutes on small companion animals, equine and livestock, and other animals (zoo and exotic animals). The base year considered for the study is 2017, and the forecast has been provided for the period between 2018 and 2023.

Market Dynamics

Drivers

Increasing small companion animal population

Rising demand for pet insurance with growing animal health expenditure

Growth in the number of veterinary practitioners and their income levels in developed economies

Innovations in veterinary CT scanners

Restraints

High cost of veterinary CT scanners

Opportunities

Emerging markets

Challenges

Low animal health awareness in emerging markets

Shortage of veterinary practitioners in developing markets

Use of veterinary CT scanners for the diagnosis of small companion animals to drive the veterinary CT scanners market.

The small companion animals segment includes dogs, cats, and other companion animals such as birds and small mammals. The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of small companion animal segment in veterinary CT scanner market.

The following are the major objectives of the study.

To define, describe, and forecast the global veterinary computed tomography (CT) scanners market by type, animal type, application, end user, and region

To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market

To analyze opportunities in the market for stakeholders and provide details of the competitive landscape of market leaders

To forecast the size of the veterinary CT scanners market with respect to five main regions� North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa

To profile the key players in the global veterinary CT scanner market and comprehensively analyze their core competencies2

To track and analyze competitive developments such as joint ventures, agreements and partnership, mergers and acquisitions, and product developments and launches of key players in the global veterinary CT scanners market

During this research study, major players operating in the Reed Sensor market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

To know about the assumptions considered for the study, download the pdf brochure

Key players considered in the analysis of the veterinary CT scanners market are GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Epica Medical Innovations (US), NeuroLogica Corporation (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Animage LLC (US), QR srl (Italy), GIN ApS (Denmark), and 4DDI (U.S.).

Major Market Developments

In 2016, Canon, Inc. (Japan) acquired Toshiba Medical Systems Corporation (Japan) to enter the veterinary CT scanners market

In 2016, Animage, LLC (US) partnered with Sound (US) to sell, and distribute Fidex-CT scanners in the US veterinary market.

In 2015, Hitachi, Ltd. (Japan) launched SCENARIA SE � with 64 and 128 slice scanning capacity.

Target Audience

Veterinary imaging system manufacturers

Veterinary imaging system suppliers

Veterinary hospitals, clinics, and reference laboratories

Veterinary academic and research institutions

Government associations

Market research and consulting firms

Venture capitalists and investors

Report Scope

By Type

Stationary Multi Slice CT Scanners High-end CT Scanners Mid-end CT Scanners Low-end CT Scanners

Portable CT Scanners

By Animal Type:

Small Companion Animals

Equine and Livestock

Other Animals

By Application:

Neurology

Oncology

Orthopedics & Traumatology

Other Applications

By Geography:

North America

Europe

Asia Pacific (APAC)

Latin America

Middle East & Africa

Critical questions which the report answers

Which are the key players in the market and how intense is the competition?

What are the key strategies adopted by the leading players in the veterinary CT scanners market?

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolios of each company

Geographic Analysis

Further breakdown of the Rest of the European veterinary CT scanners market into the Netherlands, Switzerland, and other European countries

Further breakdown of Rest of Asia-Pacific veterinary CT scanners market into Australia, South Korea, Malaysia, and other APAC countries

The veterinary CT scanners market is expected to reach USD 173.7 million by 2022 from an estimated USD 122.3 million in 2017, at a CAGR of 7.3%. The growth of the global veterinary CT scanners market during the forecast period is mainly driven by the increase in animal healthcare spending and growing pet insurance purchase, the growing companion animal population, increase in the number of veterinary practitioners and their income levels in developed regions, and launch of advanced, innovative CT scanners.

Veterinary CT scanners are used for the effective and early diagnosis and treatment process of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.

The veterinary CT scanners market has been segmented by type, into stationary multi slice CT scanners (high-end CT scanners, mid-end CT scanners, and low-end CT scanners), and portable CT scanners.

The market for portable CT scanners is expected to grow at the highest CAGR between 2017 and 2022. Due to their portability, these systems can be used for on-field diagnostic imaging. In many cases, portable CT imaging can provide information that cannot be obtained using portable radiography and ultrasound. Moreover, these systems are affordable and require limited space. Their growing adoption for on-field, mobile, or ambulatory veterinary diagnosis is a key driver for this segment.

The veterinary CT scanners market in APAC is expected to grow at the highest CAGR during the forecast period. Growth in pet adoption, increasing awareness about animal health, and growing per capita animal health expenditure, especially in India and China, are contributing to the growth of the APAC veterinary CT scanners market.

Applications of veterinary CT scanner in neurology to drive the growth of veterinary CT Scanners market.

Neurology

CT is a common technique utilized for the diagnosis of various brain disorders, stroke, and neurological injuries. CT is widely used to diagnose intervertebral disc herniation in animals. As compared to MRI, CT boasts greater image generation speed as well as a lower cost.

Oncology

CT and PET/CT are widely used imaging techniques for cancer detection in animals. CT is a preferred method to detect various cancers, including lung cancer and abdominal & bone tumors. It also provides a higher resolution than radiographs and ultrasound. CT is the modality of choice for guidance in many interventional procedures in humans due to its superior contrast, spatial resolution, and its high image quality, especially in areas such as the lung retroperitoneum and bone. Owing to these advantages, the use of CT-directed or CT-guided biopsy procedures is rapidly increasing in veterinary oncology studies as well.

Orthopedics & Traumatology

CT scanning is commonly used for the diagnosis of joint diseases such as arthritis, osteoporosis, lameness diseases, angular limb deformities, bone fractures, and acute traumas in companion animals, equines, livestock, and zoo animals. CT scanners create three-dimensional images of a structure, which is useful in the pre-operative planning of fracture repair or the identification of lesion margins.

Other Applications

Critical questions the report answers:

Which type of CT scanners are likely to dominate the market during the forecast period?

Which are the growing applications areas of veterinary CT scanner?

Other applications include cardiology, renal disorders, nephrology, dentistry, gastroenterology, gynecology, and respiratory applications. The growing prevalence of renal, oral, gastrointestinal, and respiratory diseases; increasing number of cardiac patients; and increasing usage of CT systems for the diagnosis of heart & blood vessel diseases are expected to drive the growth of this segment.

The high cost of CT scanners is expected to restrain their adoption amongst veterinary hospitals and private veterinary clinics. Also, the lack of animal health awareness in emerging markets and shortage of veterinary practitioners in developing countries are considered as major challenges for the greater adoption of CT technology in veterinary clinics/hospitals.

Veterinary CT scanners is a very niche market and to maintain the leading position and to garner more share in this market companies are adopting various growth strategies such as, new product launches, new technology developments, partnerships, and joint ventures. Some of the major market players competing in this market include GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Epica Medical Innovations (U.S.), NeuroLogica Corporation (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Animage LLC (US), QR srl (Italy), GIN ApS (Denmark), and 4DDI (U.S.).

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