The increasing per capita income of consumers in the United States (U.S.) has led to the high adoption rate of companion animals. Veterinary imaging equipment can suffice the diagnostic imaging needs of small animals. Farm animals and zoo animals also require imaging tests on a regular basis to prevent them from diseases or infections. These equipment encompass radiography systems (X-ray), ultrasound, endoscopy imaging, and magnetic resonance imaging (MRI) systems. These systems are essential for diagnosis and treatment of animals.
The images collected from these devices can be used to further investigate the causes of different zoonotic diseases. The high cost of these imaging devices deters veterinary clinics from adopting them. But mobile veterinary imaging clinics are seeing an upsurge in towns or cities that are unable to afford such devices. These clinics even send their on-call vets to assist in the procedure.
A Clearer Picture
Technological developments in the vet imaging equipment market have allowed manufacturers to reduce the size of their diagnostic devices. Infiniti Medical, a provider of veterinary medical devices, has created an imaging tool in the size of a capsule. The product “ALICAM” can be used in scanning pictures of the gastrointestinal (GI) tract and provide a detailed diagnosis within canines. It relies on Ambulatory Light-based Imaging (ALI) to investigate symptoms such as food intolerance, diarrhea, reduced appetite, and weight loss.
The University of Pennsylvania recently acquired the Equimagine imaging system, a device used in scanning standing or moving horses. The system can capture CT images of horses with the help of C-arms. The non-invasive technology is expected to open up new opportunities for vet imaging system manufacturers.
Market Overview
The United States veterinary imaging equipment market is expected to attain lucrative revenue by 2022, according to a report on Radiant Insights, Inc. High adoption rate of companion animals, establishment of veterinary clinics, and rise in numbers of veterinary technicians are some of the factors that can propel the market to expand at a high CAGR during the forecast period (2017 to 2022). Pet insurance that covers imaging costs is also a significant factor that may contribute to market growth.
The radiography systems segment had acquired a sizeable market share in 2016. Clinics, hospitals, and academic institutes are major end users of the market. The clinics segment is expected to exhibit a high CAGR during the forecast period owing to a large number of veterinaries and associated personnel employed in clinics. Major market players include VCA, Inc.; IDEXX Laboratories, Inc.; Diagnostic Imaging Systems, Inc.; and GE Healthcare.
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U.S. Veterinary Imaging Market Research Report, By Product, Type of Animal and Therapeutic Area – Market Share, Trend
Analysis and Forecast up to 2024”.