Veterinary X-Ray Market: Global Opportunity Analysis and Industry Forecast, 2019-2027 Market

Veterinary radiography is carried out as an imaging technique, which uses electromagnetic radiation, or even called X-rays, as part of a medical treatment. X-rays pass through the animal’s body and these are captured by a detector, and have his visualization on film or a digital image viewed on a screen. This technology allows the veterinarians to help in capturing the images of the bones and internal organs. The evaluation of a broken bone, suspected injuries from a trauma, or finding out a foreign object that a patient swallowed can be carried out using this. Digital X-ray is valued for its exceptional detail, widely preferred for use during a dental exam. Radiographs are very safe and can be easily taken with your pet lying still on an X-ray table.

COVID-19 scenario analysis:

The coronavirus pandemic is affecting the industries negatively and has affected the economy of the majority of the industry especially healthcare. The COVID-19 pandemic cases are because of direct or indirect contact between the humans. The pets have been abandoned nowadays, due to the myth that animals are the vectors for the disease. However, no such evidence is received regarding the issue. Furthermore, COVID-19 has drastically affected the supply chain of the animal health industry. The animal health industry has been impacted largely as many manufacturers in animal health industry are left with a reduced workforce. Also, stringent government policies such as restrictions to import the raw materials from China are expected to hamper the animal health market. Healthcare facilities are bringing up maximum stocks due to increase in demand of the supplies of the animal health.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factor affecting the market includes the increase in the population of the companion animals, which is expected to boost the industry during the forecast period. The growth in the demand for the pet insurances in addition with the increase in animal health expenditure is anticipated to boost the industry in the coming years. The surge in number of practitioners of veterinary field and higher income levels would propel the industry growth. The rise in the pet-care costs may hinder the market growth.

New product advancements to flourish the market

In October 2016, Rayence Inc, which is among a worldwide leading manufacturer of high quality digital detector solutions, introduced its new line of MyVet imaging systems. The flagship of this new and revolutionary line of Veterinary Imaging products is the MyVet Elevating table System. The new EZ RAY AIR, which is a hand-held, ergonomically designed, Portable, Battery Powered Wireless X-ray unit. Weighing less than five pounds, the EZ Ray AIR is lightest hand held X-ray unit in the industry. This powerful X-ray system can be used with a Rayence 10x12 detector for use in Exotic or Feline specific practices or can be used for Veterinary Dental.

In January 2020, the medical imaging solutions provider Vatech released the world’s first veterinary CT scanner that can help in diagnosis of cancer and tumor, as well as a dental panoramic radiography machine to capitalize on the bourgeoning pet care market in Korea.

Surge in mergers and acquisitions to boost the market

In June 2018, Pathway Vet Alliance announced on June 13, 2018 the formation of a new partnership with Heska. Pathway plans to align its internal diagnostic portfolio with Heska, which can provide in-house operational services like point of care blood diagnostics, digital imaging, allergy testing and more in a fully integrated and streamlined manner within Pathway systems and best practices.

In October 2017, Carestream Health UK signed an agreement appointing diagnostic imaging specialist, Med Imaging Healthcare, as its service partner in Scotland. Under the new agreement, Carestream will continue to manage equipment repair calls and provide preventative maintenance for its customers across the country wherever necessary; however, requests for unplanned maintenance support will be passed on to Med Imaging Healthcare for Scotland. This approach will enable Carestream to provide wider coverage and support for its range of DRX-1, DR7500, DR3500, DRX Evolution Plus and DRX Revolution digital X-ray products in Scotland.

Key benefits of the report:

• This study presents the analytical depiction of the global veterinary X-Ray industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Veterinary X-Ray market share.
• The current market is quantitatively analyzed to highlight the global veterinary X-Ray market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global veterinary X-Ray market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the veterinary X-Ray Market research report:

• Who are the leading market players active in the Veterinary X-Ray market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in tasking further strategic steps?

 Veterinary X-Ray Market: Global Opportunity Analysis and Industry Forecast, 2019–2027 Report Highlights