Veterinary Radiography System Market Set to Garner Staggering Revenues by 2027Posted by Rohini Chaudhari on March 4th, 2020 Veterinary Radiography System Market: Introduction Transparency Market Research has published a new report titled, “Veterinary Radiography System Market.” According to the report, the global veterinary radiography system market was valued at US$ 478.1 Mn in 2018 and is projected to expand at a CAGR of ~6% from 2019 to 2027. The global veterinary radiography system market is driven by increase in pet population, rise in pet adoption, surge in R&D expenditure on animal health, and introduction of new products in radiography by global players for the better diagnosis of animals. Moreover, pet owners across the globe spend billions of dollars every year for the diagnosis of diseases affecting their pets. Increase in expenditure on animal health is expected to boost the growth of the global veterinary radiography system market in the next few years. Veterinary Radiography System: Market Segmentation The computed radiography segment accounted for major share of the global veterinary radiography system market in 2018. The digital radiography segment is poised to expand at a higher CAGR during the forecast period. The film screen radiography segment is likely to grow at a sluggish pace due to limited applications in imaging procedures and old technology. Additionally, reduced R&D initiatives for the improvement of these devices hampers the growth of the segment. Players such as Sound (VCA, Inc.), Canon, Inc., and Fujifilm Holdings America Corporation dominate the digital veterinary radiography system market. Based on end user, the veterinary hospitals segment accounted for major share of the global veterinary radiography system market in terms of revenue in 2018. The segment is projected to grow at a moderate pace during the forecast period.
Like it? Share it! More by this author |