Global Veterinary X-Ray Market Size (2024 - 2029)

Veterinary X-Ray Market Analysis

The Veterinary X-ray Market is poised to grow at a CAGR of 6.4% over the forecast period.

COVID-19 had a significant impact on the market over the pandemic period across the world. Pet adoption has increased significantly during the pandemic, which has resulted in increased animal health care, and, thus, drives the growth of the veterinary x-ray market. For instance, in May 2021, The American Society for the Prevention of Cruelty to Animals (ASPCA) released new data which reported that nearly one in five households acquired a cat or dog since the beginning of the COVID-19 crisis. Such adoptions amid the pandemic increased the focus on pet health, impacting the demand for the veterinary X-ray market. In Addition, the demand for veterinary X-rays is expected to remain intact and lead to a notable impact on the growth of the veterinary x-ray market during the forecast period.

The major factors, such as increasing veterinary products hospitals, rise in pet adoption, and animal health expenditure, are expected to drive the market's growth. For instance, According to the data published by the European Pet Food Industry: Facts and Figures 2022 report, around 10,300,000 dogs and 16,700,000 cats were reported in Germany in 2021, and 12,000,000 dogs and 12,000,000 cats were reported in the United Kingdom in 2021. Also, an article published in Acta Scientific Veterinary Sciences in March 2022 stated that India has approximately 6.2 million of the community dog population, and it is estimated that the population of pet dogs is likely to reach around 31 million by the end of the year 2023. Such increasing pet adoption worldwide is expected to drive the demand for veterinary X-rays, thereby contributing to the market's growth.

Additionally, the increasing launches of innovative products by various key market players are expected to contribute to the market's growth. For instance, in February 2021, Fujifilm launched VXR veterinary X-ray room. The innovative design of this X-ray room is targeted at veterinarians transitioning to high-quality, low-dose X-rays with an affordable, versatile, easy-to-use, and easy-to-install system.

However, the high cost associated with the x-ray devices and the lack of proper reimbursement policies are expected to hinder the market growth.

Veterinary X-Ray Industry Segmentation

As per the scope of the report, the veterinary X-ray machine is a type of machine that is especially for animals and contains high-quality radiographs used to diagnose or detect the problem in the pet's body and to identify the cause and extent of the disease in the pet's body. The Veterinary X-ray Market is Segmented by Technology (Direct Radiography Systems, Computed Radiography Systems, and Film-based Radiography Systems), Type (Digital X-ray and Analog X-ray), Mobility (Stationary and Portable), Animal Type (Small Animals and Large Animals), Application (Orthopedics, Neurology, Oncology, Cardiology, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.