The Veterinary Computed Tomography Scanner Market is currently worth US$ 173.7 Mn in 2022 and is expected to grow at a 6.6% CAGR through 2032. By 2032, the market is expected to exceed US$ 351.4 Mn in revenue.
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Emerging trends in the veterinary computed tomography scanner market indicate that the growing demand for pet care and the increasing critical diseases among animals are the factors driving veterinary computed tomography scanner sales. A tomographic slice is a thin cross-section of the head used in an animal CT scan. This is investigated using a straight ray beam that penetrates deeper than radiology and ultrasound tests.
The veterinary computed tomography scanner market is expected to grow significantly due to factors such as an increase in the number of CT scans, increased pet care awareness, and an increase in the number of veterinary clinics. The demand for veterinary computed tomography scanners is expected to rise as veterinarians prefer it for improved diagnostics. CT scanners equipped with various ray intensity modules are also gaining market traction.
The high cost of veterinary CT scanners, on the other hand, has hampered the growth of the veterinary computed tomography scanner market. COVID-19 and its consequences have slowed market performance, as evidenced by the last forecasted CAGR% of 2017-2021. Each CT slice is made up of multiple x-ray exposures captured as the scan rotates 360 degrees. It is critical for doctors to understand veterinary CT interpretation and indications for CT imaging so that this modality can be used in a case when it is financially feasible. As a result, sales of veterinary computed tomography scanners are likely to increase.
What are the Major Drivers of the Veterinary Computed Tomography Scanner Market?
Because of increased awareness about injuries to small companion animals and large animal populations, the veterinary computed tomography scanner market is expected to grow significantly in the coming years. Furthermore, the rising demand for pet insurance, as well as the rising animal health expenditure, and the rising number of veterinary practitioners who require veterinary CT scanners to understand the anatomy of the animals, tend to drive the demand for veterinary computed tomography scanners.
Due to rising incidences of respiratory and neurological diseases in animals, the global market for veterinary computed tomography scanners is expected to grow rapidly over the forecast period. Other factors driving veterinary computed tomography scanner sales include innovations, advancements in veterinary CT scanners, and strong recommendations about the importance of veterinary CT scanners from healthcare bodies.
Furthermore, the large patient pool provides excellent growth opportunities for companies involved in the development and marketing of veterinary CT scanners. Rising interest in animal adoption and petting is also an indirect growth factor for this market. PETA and other non-governmental organisations (NGOs) advocate for veterinary hospitals to use advanced veterinary CT scanners.
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What are the Challenges in the Veterinary Computed Tomography Scanner Market?
The high cost of veterinary computed tomography scanners, which are all deemed to be in high-cost management, is the major factor limiting growth. Examining the high-cost management of restraints, it appears that the majority of veterinary offices are small in size and operate under tight financial constraints. Furthermore, the payment delay for the operations has gotten worse. This is frequently a barrier to qualified practitioners adopting veterinary computed tomography scanners.
How Key Players are Contributing to the Veterinary Computed Tomography Scanner Market?
Key participants have integrated cutting-edge technology with cutting-edge medical technology, such as highly efficient devices that provide optimum diagnostic capability in veterinary computed tomography scanners. As the market rises and skyrockets its growth prospects, so does competition among key players, making the market more dynamic.
Recent Developments in the Veterinary Computed Tomography Scanner Market
- Siemens AG has introduced computed tomography, which aids in clinical research, as well as a new diagnostics application, both of which are part of its CT technologies & Innovations platform, boosting sales of veterinary computed tomography scanners.
- Epica Medical Innovations has introduced the new Vimago GT30, HDVI, which has enhanced diagnostic capability and efficiency. Onboard fluoroscopy and digital radiology are part of this multi-modality masterpiece. It boosts competition by experimenting with cutting-edge healthcare technology.
- In August 2018, Hitachi Healthcare America announced an expansion of its collaboration with scil animal care, a division of Henry Schein Animal Health. The agreement expands the scil region to include statewide coverage and distribution of Hitachi’s veterinary ultrasound solutions, which have been in place since 2011.
- Woorien introduced MyVet CT i3D, the first veterinary-specific spiral Linear CTV Scanner, in March 2020.
Segments Covered
- Type
- Animal Group
- Application
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
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