Veterinary X-Ray Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 Market Trends
This section covers the major market trends shaping the Veterinary X-Ray Market according to our research experts:
Digital X-Ray Segment is Expected to Witness a Major Share in Studied Market Over the Forecast Period
Digital X-ray is a form of X-ray in which images are acquired digitally. Advantages include time efficiency through bypassing chemical processing and the ability to digitally transfer and enhance quality images using low radiation. The growth in the digital animal X-ray is mainly due to the increasing awareness among vets and the growing need for advanced systems to diagnose the increasing disease burden in animals. The rising prevalence of diseases such as arthritis, cancer, and others among animals is expected to drive the demand for digital X-rays, thereby contributing to the growth of the studied segment.
As per the article published in IVF Journal in May 2021, osteoarthritis affects 20% of dogs older than one year and 80% of dogs over eight annually. On the other hand, according to an NCBI article published in May 2022, the lifetime prevalence of malignant tumors increased with increasing dog size class. The age-adjusted prevalence for medium, standard, large, and giant dogs were 1.65, 2.92, 3.67, and 2.99, respectively. Such a high burden of chronic diseases among pets is expected to drive the demand for the digital x-ray market, fueling segment growth.
Moreover, rising obesity among animals is also expected to contribute to the growth of the digital x-ray segment. For example, according to Association for Pet Obesity Prevention data in 2021, the prevalence of obesity in dogs was 44%, and among cats was 45% in 2021 in the United States. Thus such rising obesity prevalence among animals is also expected to drive the demand for the digital x-ray, thereby contributing to the growth of the studied segment.
North America is Expected to Hold Significant Share in the Market Over the Forecast Period
North America is expected to have a notable share in the market owing to the rising pet adoptions along with the presence of key market players. The market for veterinary X-rays is also expected to grow owing to the factors, such as the implementation of strategic initiatives by the market players, and the growing burden of diseases in animals.
For instance, according to the 2021-2022 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), in 2021, around 70% of United States households own a pet, which equates to 90.5 million homes, including 45.3 million cats and 69 million dogs. As per the same source, the number of United States households having small animals is 6.2 million in 2021. The high pet adoption is augmenting the growth of the market studied. Furthermore, as per the Animal Cancer Foundation data in 2021, 65 million dogs and 32 million cats in the United States are diagnosed with cancer annually. Moreover, approximately 6 million cancer diagnoses are made in pets every year. Likewise, per an NCBI article published in September 2021 titledPeriodontal disease is a frequent problem seen in veterinary practices in Canada and reported an average prevalence of 9.3% to 18.2% within the dog population, while the detailed examinations of anesthetized dogs report a much higher prevalence of periodontal disease between 44% and 100%. Such increasing prevalence of various diseases among animals is expected to drive the demand for veterinary X-rays, thereby contributing to the growth of the market.
Additionally, the rising funding activities by various organizations in order to provide veterinary x-ray facilities in North America are also expected to contribute to the growth of the market. For instance, in August 2022, the Hawaii Island Humane Society was awarded USD 1.5 million from Bob Renee Parsons to support the final renovations of the Anne Barasch Ryan Animal Hospital in the United States. The hospital included surgical sites and diagnostic equipment such as X-ray machines.
Thus, due to the above-mentioned factors, such as rising pet adoption, increasing diseases among animals, and rising funding activities, the market is expected to witness significant growth during the forecast period.
Veterinary X-Ray Industry Overview
The Veterinary X-ray market is highly competitive, with many key players dominating the market. The presence of major market players, such as Fujifilm Holdings Corporation, Toshiba Corporation, Siemens Healthineers, GE Healthcare, OR Technology, and Konica Minolta, are intensifying the competition.
Veterinary X-Ray Market Leaders
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Siemens Healthineers
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Konica Minolta
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General Electric Company
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Fujifilm Holdings Corporation
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DRE Veterinary (Avante Animal Health)
*Disclaimer: Major Players sorted in no particular order
Veterinary X-Ray Market News
- In August 2022, SK Telecom launched an AI-based veterinary X-ray image diagnosis assistance service named X Caliber after unveiling it at the 2022 Seoul Veterinary Conference in Korea.
- In June 2022, the Kerala animal husbandry department planned to launch mobile operation theatres for animals that cannot be transported. The operating theatre will have X-ray, scanning, and other facilities.
Veterinary X-Ray Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Pet Adoption and Animal Health Expenditure
- 4.2.2 Rise in Number of Veterinary Hospitals
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4.3 Market Restraints
- 4.3.1 High Cost of Veterinary X-ray devices and Procedures
- 4.3.2 Lack of Reimbursement of Veterinary Procedures
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - Value in USD million)
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5.1 By Technology
- 5.1.1 Direct Radiography Systems
- 5.1.2 Computed Radiography Systems
- 5.1.3 Film-based Radiography Systems
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5.2 By Type
- 5.2.1 Digital X-ray
- 5.2.2 Analog X-ray
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5.3 By Mobility
- 5.3.1 Stationary
- 5.3.2 Portable
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5.4 By Animal Type
- 5.4.1 Small Animals
- 5.4.2 Large Animals
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5.5 By Application
- 5.5.1 Orthopedics
- 5.5.2 Neurology
- 5.5.3 Oncology
- 5.5.4 Cardiology
- 5.5.5 Other Applications
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5.6 Geography
- 5.6.1 North America
- 5.6.1.1 United States
- 5.6.1.2 Canada
- 5.6.1.3 Mexico
- 5.6.2 Europe
- 5.6.2.1 Germany
- 5.6.2.2 United Kingdom
- 5.6.2.3 France
- 5.6.2.4 Spain
- 5.6.2.5 Italy
- 5.6.2.6 Rest of Europe
- 5.6.3 Asia-Pacific
- 5.6.3.1 China
- 5.6.3.2 Japan
- 5.6.3.3 India
- 5.6.3.4 Austalia
- 5.6.3.5 South Korea
- 5.6.3.6 Rest of Asia-Pacific
- 5.6.4 Middle East and Africa
- 5.6.4.1 GCC
- 5.6.4.2 South Africa
- 5.6.4.3 Rest of Middle East and Africa
- 5.6.5 South America
- 5.6.5.1 Brazil
- 5.6.5.2 Argentina
- 5.6.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Fujifilm Holdings Corporation
- 6.1.2 Heska Corporation
- 6.1.3 Canon Inc
- 6.1.4 Siemens Healthineers
- 6.1.5 General Electric Company
- 6.1.6 OR Technology
- 6.1.7 DRE Veterinary (Avante Animal Health)
- 6.1.8 JPI Healthcare
- 6.1.9 Konica Minolta
- 6.1.10 Carestream Health
- 6.1.11 Idexx Corporation
- 6.1.12 Examion
- 6.1.13 Sedecal
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityVeterinary 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.
| By Technology | Direct Radiography Systems | |
| Computed Radiography Systems | ||
| Film-based Radiography Systems | ||
| By Type | Digital X-ray | |
| Analog X-ray | ||
| By Mobility | Stationary | |
| Portable | ||
| By Animal Type | Small Animals | |
| Large Animals | ||
| By Application | Orthopedics | |
| Neurology | ||
| Oncology | ||
| Cardiology | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Spain | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Austalia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Veterinary X-Ray Market Research FAQs
What is the current Global Veterinary X-Ray Market size?
The Global Veterinary X-Ray Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029)
Who are the key players in Global Veterinary X-Ray Market?
Siemens Healthineers, Konica Minolta, General Electric Company, Fujifilm Holdings Corporation and DRE Veterinary (Avante Animal Health) are the major companies operating in the Global Veterinary X-Ray Market.
Which is the fastest growing region in Global Veterinary X-Ray Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Veterinary X-Ray Market?
In 2024, the North America accounts for the largest market share in Global Veterinary X-Ray Market.
What years does this Global Veterinary X-Ray Market cover?
The report covers the Global Veterinary X-Ray Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Veterinary X-Ray Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Veterinary X-Ray Industry Report
Statistics for the 2024 Global Veterinary X-Ray market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Veterinary X-Ray analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
