X-ray machines are equipment that produce x-ray radiations. These x-ray radiations are then used for medical diagnosis and interventions (e.g. catheter placement). X-ray machines are also used for diagnosis of disorders in animals.

The global veterinary x-ray market is primarily driven by rapid rise in pet population across the world. The Pet Food Manufacturers Association, the U.K., estimated that 11 million households in the country had pets IN 2016, which grew to 12 million in 2017, and it is projected that the number of pet ownership will increase in the near future. Moreover, according to the Animal Medicines Australia, there were more than 24 million pets in the country in 2016, out of which, 4.8 million were dogs, and it rose by approximately 3% from 2013 to 2016. With the growth in pet population, demand for diagnosis of pets has also been increasing across the world, which is directly propelling the growth of the global veterinary x-ray market. In addition, rise in incidences of orthopedic diseases among animals is likely to drive the global veterinary x-ray market in the near future.

Despite the increasing incidence of orthopedic diseases among animals and growing pet population worldwide, high cost of veterinary X-ray instruments and limited number of skilled veterinary technicians are likely to restrain the growth of the global veterinary X-ray market during the forecast period. In many rural areas, the ratio or number of doctors against farm animal is very low. For instance, in Kansas (the U.S.), the size of cattle population is more than 240,500 against which the number of accredited veterinary technicians is only 8, i.e. 30,062: 1 in ratio (animal to veterinary technician).

Rise in percentage of pet insurance shows that pet owners are highly conscious about the well-being of their pets and this removes the cost burden of treatment associates with pets. With the help of pet health insurance policies, pet owners are able to opt for effective treatment for their pets, which in turn, creates an opportunity for market players to introduce advanced equipment for pet treatment.   

In terms of product type, the global veterinary X-ray market can be segmented into portable and stationary. The portal product segment can be further classified into mobile and handheld. Based on animal type, the global veterinary X-ray market can be divided into companion and livestock. Based on companion animal, the market can be sub-segmented into feline, canine, and equine, while in terms of livestock, it can be sub-divided into ovine, bovine, porcine, and others. By end-user, the global veterinary X-ray market can be categorized into veterinary hospitals, veterinary clinics, and others.

Geographically, the global veterinary X-ray market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted the dominant share of the global veterinary X-ray market in 2017 due to the presence of a large number of veterinary clinics and hospitals in the region. Factors, such as, well-established veterinary infrastructure and increasing adoption of pets are likely to boost the growth of the global veterinary X-ray market in Europe during the forecast period. The significant share of Asia Pacific in the global veterinary X-ray market can be attributed to the rise in disposable income among people and growing pet population in the region. However, underdeveloped veterinary infrastructure is likely to hinder the growth of the veterinary X-ray market in Middle East & Africa during the forecast period.

Key companies operating in the global veterinary X-ray market include Comeselectro, Sedecal, CFD, I.P.S. Medical, Control X- Medical, Examion, Fovea, Cuattro, and Vet-Ray.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Veterinary X Ray Market

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