The global veterinary computed tomography scanners market is experiencing steady growth, with forecasts indicating a projected worth of US$355.3 million by the year 2033. This substantial increase from its market value of US$184.2 million in 2022 reflects a healthy Compound Annual Growth Rate (CAGR) of 6.8%.
Veterinary CT scanners play a crucial role in diagnostic imaging for animals, providing detailed cross-sectional images of internal structures to aid in the diagnosis and treatment of various medical conditions. These advanced imaging systems enable veterinarians to visualize anatomical abnormalities, assess injuries, and plan surgical interventions with precision and accuracy.
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The anticipated growth in the global veterinary CT scanner market can be attributed to several key factors. The increasing prevalence of companion animal diseases and injuries, coupled with rising pet ownership rates and a growing emphasis on advanced veterinary care, is driving the demand for state-of-the-art imaging technologies. Additionally, technological advancements in CT scanner design, such as improved image resolution, faster scan times, and enhanced software capabilities, are enhancing the diagnostic capabilities and clinical utility of these devices.
Improvements in Technology and Raised Awareness:
With features like ray intensity modules that can be adjusted to meet the unique requirements of various animal sizes and sensitivities, veterinary CT scanners are becoming more and more advanced. Furthermore, the market is expanding as a result of rising knowledge about the advantages of CT scans among veterinarians and pet owners.
Top Highlights from the FMI’s Analysis of the Veterinary Computed Tomography Scanner Market:
- The North American veterinary computed tomography scanner industry acquired a 34.7% stake in the market in 2022.
- The Europe veterinary computed tomography scanner industry obtained a share of 30.1% globally in 2022.
- The United States veterinary computed tomography scanner industry is expected to attain a market share exceeding 30.5% in 2023.
- Germany acquired a 7.7% market share in 2022 on a global scale.
- The Japanese veterinary computed tomography scanner industry procured a market share of 4.7% in 2022.
- The veterinary computed tomography scanner industry in the United Kingdom is projected to explode at a CAGR of 6.1% over the forecast period.
- China’s veterinary computed tomography scanner industry is projected to gallop at a CAGR of 8.1%.
- The Indian market is expected to expand at a CAGR of 7.7% over the assessment period.
- Based on application, the orthopedic and traumatology segment grabbed a market share of 38.40% in 2022.
- Under the end user category, veterinary hospitals and clinics are expected to attain a market share of more than 47.80% over the forecast period.
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.
Recent Developments in the Veterinary Computed Tomography Scanner Market
- Siemens AG has introduced the computed tomography that helps in clinical research along with new diagnostics application that comes under its CT technologies & Innovations platform, fueling the sales of veterinary computed tomography scanners.
- Epica Medical Innovations has launched its new Vimago GT30, HDVI, that comes with improved diagnostic capability and efficiency. This multi-modality masterpiece includes onboard fluoroscopy and digital radiology. It increases competition by experimenting with the latest healthcare technology.
- Hitachi Healthcare America announced an expansion of its cooperation with scil animal care, a division of Henry Schein Animal Health, in August 2018. The deal widens the scil region to include statewide coverage and distribution of Hitachi’s unique ultrasound solutions aimed at the veterinary sector, which has been in place since 2011.
- Woorien introduced MyVet CT i3D, the first veterinary-specific spiral Linear CTV Scanner, in March 2020.
- In Fort Lauderdale, Florida, a referral hospital installed a Toshiba Aquilion 16 CT scanner in September 2022. The new scanner is going to enhance the treatment capabilities and offer excellent care for pets.
- Xoran Technologies commenced accepting reservations for vTRON in May 2021. The new open-bore CT scanner was introduced at the Veterinary Meeting and Expo (VMX) in June 2021 in Florida
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Key players:
- 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
- Middle East and Africa
- Europe
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