Veterinary CT Scanners Market ‚ Segmented by Product (Stationary Multi-slice CT Scanners and Portable CT Scanners), by Animal Type (Companion and Livestock), by Application, by End User, and by Geography- Growth, Trends, and Forecast (2019 - 2024)

Veterinary CT Scanners Market ‚ Segmented by Product (Stationary Multi-slice CT Scanners and Portable CT Scanners), by Animal Type (Companion and Livestock), by Application, by End User, and by Geography- Growth, Trends, and Forecast (2019 - 2024)

Purchase Report

Veterinary CT Scanners Market Overview

The veterinary CT scanners market is expected to witness a CAGR of 7.5% over the forecast period. CT (computed tomography) scan or CAT scan is a diagnostic tool that has been essential in human medicine for a long time, and is now expected to revolutionize the field of veterinary medicine. It creates detailed 2D or 3D images of the animal body, with high speed, using a 360-degree X-ray beam. Technological advancements in the field of CT scanners, rise in the number of veterinary practitioners, and increasing adoption of animals are contributing to the growth of the market. However, high cost of CT scanners could adversely affect market growth.

Technological Advancements in the Field of CT Scanners are Contributing to Market Growth

Technological advancements in the field of veterinary CT scanning are expected to propel the growth  of the market. Recently, CT scans of the equine skull has been achieved by making a sedated horse stand on a hovercraft-designed table. CT, currently, is not only being used solely for the diagnosis and treatment of many disorders associated with animal health, but it is also being used to understand areas ranging from surgical advancements and drug delivery to anatomical and educational uses, all across the world. In 2015, Epica Medical Innovations, a leading company which deals with innovative imaging and therapeutic solutions for the veterinary healthcare market, launched the Vimago LX, which uses 60-90% less radiation than other conventional scanners, making CT scans much safer for pets. Vimago LX is also a high-definition CT scanner with fluoroscopy and digital X-ray, made for veterinary use.

In addition to the aforementioned factor, the rise in the number of veterinary practitioners and increasing adoption of animals are expected to propel the growth of the market, over the forecast period.   

High Cost of Veterinary CT Scanners is Limiting Market Growth

The high cost associated with veterinary computed tomography scanners is expected to restrain the growth of the veterinary CT scanners market. The cost of CT scanners is high due to the large amount of information gained about the animal’s condition, on performing a CT scan. There are many possible reasons as to why CT scanners cost as high. Among these, one reason could be that equipment manufacturing companies are expected to focus on making a return on their investment in their products, failing which, the products cease to exist in the market. If innovative, effective, advanced, and safe products are no longer made available for animals and owners, then the primary goal of quality of life and freedom from diseases would remain out of reach.

In addition to the aforementioned factor, high cost associated with veterinary healthcare practice is another major factor that could restrain the growth of the market.

North America Dominates the Veterinary CT Scanners Market

North America is expected to dominate the veterinary CT scanners market over the forecast period owing to factors such as rising pet adoption and increasing per capita animal healthcare expenditure. In addition, the rise in prevalence of diseases in animals has been identified as the major driving factor for market growth. The American Veterinary Medical Association (AVMA) states that approximately 25% of dogs are likely to develop neoplasia at some stage in their lives. Almost 50% of dogs over the age of 10 develop cancer. In addition, growing awareness about animal health, favorable and advanced infrastructure, helpful initiatives by the government, and rise in product innovation are some other factors propelling the growth of the veterinary CT scanners market in North America.

Key Developments in the Veterinary CT Scanners Market

  • Jul 2018: Siemens chose PLH Medical as its veterinary CT partner, for the distribution of SOMOTOM Scope 16 slice CT.

Major Players

Animage LLC, Canon, Epica Medical Innovations, Esaote SpA, GE Healthcare, Gin ApS, Isabelle Vets, Philips Healthcare, and Siemens Healthineers,  among others.

Veterinary CT Scanners Market Report Summary

Metrics

Details

Industry

Veterinary CT Scanners  Market

Forecast Period

2018 – 2023

CAGR

7.5%

Largest Market Share by Region

North America

Key Developments

Jul 2018: Siemens chose PLH Medical as its veterinary CT partner, for the distribution of SOMOTOM Scope 16 slice CT.

Companies Covered

Animage LLC, Canon, Epica Medical Innovations, Esaote SpA, GE Healthcare, Gin ApS, Isabelle Vets, Philips Healthcare, and Siemens Healthineers,  among others.

Report Offerings

The Veterinary CT Scanners Market report offers the latest trends,   growth prospects, industry competitiveness,   major players, value/supply chain, regional market share, and forecast up to 2023.

Reasons to Purchase Veterinary CT Scanners Market Report

  • Analysis of various perspectives of the global veterinary CT Scanners market, with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identification of the latest developments, market shares, and strategies employed by the major market players
  • Three-month analyst support, along with the market estimate sheet (in Excel)

Customization of the Veterinary CT Scanners Market Report

  • This report can be customized to meet your requirements. Please contact our representative, who will ensure that you get a report that suits your needs.

TABLE OF CONTENTS

1. Introduction

                1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

                5.1 Current Market Scenario

                5.2 Porter's Five Forces Analysis

                                5.2.1 Bargaining Power of Suppliers

                                5.2.2 Bargaining Power of Consumers

                                5.2.3 Threat of New Entrants

                                5.2.4 Threat of Substitute Product and Services

                                5.2.5 Competitive Rivalry within the Industry

                5.3 Regulatory Scenario

6. Drivers, Restraints, Opportunities, and Challenges (DROCs)

                6.1 Market Drivers

                                6.1.1 Technological Advancements in the Field of CT Scanners

                                6.1.2 Rise in the Number of Veterinary Practitioners

                                6.1.3 Increasing Adoption of Animals

                6.2 Market Restraints

                                6.2.1 High Cost of Veterinary CT Scanners

                6.3 Opportunities

                6.4 Key Challenges

7. Market Segmentation

                7.1 By Product Type

                                7.1.1 Stationary Multi-slice CT Scanners

                                                7.1.1.1 Mid-end CT Scanners

                                                7.1.1.2 High-end CT Scanners

                                                7.1.1.3 Low-end CT Scanners

                                7.1.2 Portable CT Scanners

                7.2 By Animal Type

                                7.2.1 Companion Animals

                                7.2.2 Livestock Animals

                                7.2.3 Other Animal Types

                7.3 By Application

                                7.3.1 Neurology

                                7.3.2 Oncology

                                7.3.3 Cardiology

                                7.3.4 Nephrology

                                7.3.5 Gastroenterology

                                7.3.6 Other Applications

                7.4 By End User

                                7.4.1 Veterinary Hospitals

                                7.4.2 Research Institutes

                                7.4.3 Other End Users

                7.5 By Geography

                                7.5.1 North America

                                                7.5.1.1 United States

                                                7.5.1.2 Canada

                                                7.5.1.3 Mexico

                                7.5.2 Europe

                                                7.5.2.1 France

                                                7.5.2.2 Germany

                                                7.5.2.3 United Kingdom

                                                7.5.2.4 Italy

                                                7.5.2.5 Spain

                                                7.5.2.6 Rest Of Europe

                                7.5.3 Asia-Pacific

                                                7.5.3.1 China

                                                7.5.3.2 Japan

                                                7.5.3.3 India

                                                7.5.3.4 Australia & New Zealand

                                                7.5.3.5 South Korea

                                                7.5.3.6 Rest of Asia-Pacific

                                7.5.4 Middle East & Africa

                                                7.5.4.1 GCC

                                                7.5.4.2 South Africa

                                                7.5.4.3 Rest of the Middle East & Africa

                                7.5.5 South America

                                                7.5.5.1 Brazil

                                                7.5.5.2 Argentina

                                                7.5.5.3 Rest of South America

8. Competitive Landscape

                8.1 Mergers and Acquisitions

                8.2 Agreements, Collaborations, and Partnerships

                8.3 New Products Launches

9. Key Players

                9.1 Animage LLC 

                9.2 Canon

                9.3 Epica Medical Innovations

                9.4 Esaote SpA

                9.5 GE Healthcare 

                9.6 Gin ApS

                9.7 Isabelle Vets

                9.8 Philips Healthcare

                9.9 Siemens Healthineers

                 * List not exhaustive

10. Future of the Market

Purchase Report

Our Clients Include View All

Looking to Customize Report?

Complete your payment details below

Shipping & Billing Information

Payment Information