Veterinary Computed Tomography Scanner Market Outlook 2022-2032

The Veterinary Computed Tomography Scanner Market is currently valued at US$ 173.7 Mn in 2022 growing at a steady CAGR of 6.6% through 2032. The market is anticipated to cross the revenue value of US$ 351.4 Mn by 2032.

Emerging trends in veterinary computed tomography scanner market suggests that the growing demand for pet care and the growing critical diseases amongst the animals are the factors that propel the sales of veterinary computed tomography scanner. An animal CT scan involves a thin cross-section of the head that is known as a tomographic slice. This is examined through a straight ray beam that penetrates more than the radiology and ultrasound tests.

The veterinary computed tomography scanner market size is likely to witness significant growth owing to factors such as an increased number of CT scans, raising awareness about pet care along with the rising number of veterinary clinics. The demand for veterinary computed tomography scanner is anticipated to grow as vet practitioners prefer it for better diagnostics. The CT scanners that come with different ray intensity modules are also gaining the traction of the market.

However, the high cost of veterinary CT scanner has hindered the growth of veterinary computed tomography scanner market. COVID-19 and its implications have slowed the market performance that can be seen in the last forecasted CAGR% of 2017-2021. Each CT slice is formatted from multiple x-ray exposures captured as the scan completes a 360-degree rotation. It is important for doctors to know the veterinary CT interpretation, and indications for CT imaging so this modality can be incorporated into a case when financially feasible. As a result, this factor is likely to fuel the sales of veterinary computed tomography scanners.

What are the Major Drivers of the Veterinary Computed Tomography Scanner Market?

The veterinary computed tomography scanner market is expected to mark a significant growth in the coming few years due to increasing awareness about injuries to small companion animals and large animal populations. In addition to this, the growing demand for pet insurance with growing animal health expenditure, and rising number of veterinary practitioners who require veterinary CT scanners to understand the anatomy of the animals tend to propel the demand for veterinary computed tomography scanner.

The global market for veterinary computed tomography scanner market is expected to witness high growth over the forecast period due to increasing incidences of respiratory, neurological diseases in animals. Innovations, advancements in veterinary CT scanners, and robust recommendations about the significance of veterinary CT scanners, by healthcare bodies, are the other factors that are propelling the sales of veterinary computed tomography scanners.

Furthermore, high growth opportunities for companies who are engaged in the development and marketing of veterinary CT scanner due to large patient pool. Rising inclination towards adoption and petting of animals are also an indirect growth factor for this market. Non-Government Organizations (NGOs) such as PETA also emphasize veterinary hospitals adopting advanced veterinary CT scanners.

Regional Analysis

What is the North America Growth Outlook for the Veterinary Computed Scanner Market?

North America dominates the global veterinary computed tomography scanner market due to the rise in healthcare expenditure, and increasing demand for veterinary computed tomography scanners by the end users. The North America market holds a significant share of 34.7% in the veterinary computed tomography scanner market. The region-specific demand is rising as more and more people in countries like US and Canada adopt pets and treat them with care.

How Key Players are Contributing to the Veterinary Computed Tomography Scanner Market?

Key participants have added cutting-edge technology along with the latest medical technology like highly efficient devices delivering optimum diagnostics capability in veterinary computed tomography scanners. As the market rises and skyrockets its growth prospects, the competition amongst the key players keeps on increasing, making the market more dynamic.

Segments Covered

  • Type
  • Animal Group
  • Application
  • End User

Key Companies Profiled

  • GE Healthcare
  • Toshiba Medical Systems Corporation
  • Siemens AG
  • Koninklijke Philips N.V
  • Epica Medical Innovations
  • Samsung Electronics Co. Ltd. (Neurologica Corporation)
  • Hitachi, Ltd.
  • Animage, LLC
  • QR S.R.L.
  • Gin ApS

Key segments

By Type:

  • Portable CT Scanners
  • Stationary Multi-Slice CT Scanners
  • Mid-End CT Scanners
  • High-End CT Scanners
  • Low-End CT Scanners

By Animal Group:

  • Large Animals (Horses, Cattles)
  • Small Animals (Cats, Dogs, Etc.)
  • Others

By Application:

  • Neurology
  • Oncology
  • Orthopedics and Traumatology
  • Other Applications

By End User:

  • Veterinary Hospitals and Clinics
  • Academic Institutes and Teaching Hospitals

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Read More @ https://www.futuremarketinsights.com/reports/veterinary-computed-tomography-scanner-market

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