According to the research report titled ‘Global Veterinary Imaging Market 2019-2028’, available with Market Study Report, global veterinary imaging market is projected to register a y-o-y growth rate of 5.8% during 2019-2028.
 

Increasing adoption of pet animals is primarily driving global veterinary imaging market growth. Notably, pet animals play an important role in enhancing the quality of life by having a positive effect on human health.
 

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Rising expenditure on animal healthcare, and ongoing research & development in this field are fostering the market development. Furthermore, increased pervasiveness of various animal diseases, and rising demand for advanced veterinary technologies in developing countries are enhancing the industry outlook.
 

On the downside, factors like high cost of imaging devices, lack of skilled professionals, less awareness about animal health with high expenses for pet care are arresting the industry growth matrix.
 

Based on product offering, worldwide veterinary imaging industry is segmented into reagent, instrument, and others. Considering animal type, the marketplace is divided into companion animals, and large animals including others.
 

On the basis of application range, the industry space is classified into cardiology, oncology, orthopedics & traumatology, and neurology among others. Speaking of end user ambit, the market space is categorized into veterinary laboratories, veterinary clinics & hospitals, and others.
 

Considering the geographical analysis, the industry size spans across North America, Latin America, Middle East & Africa, Europe, and Asia-Pacific. Expert analysts cite that North America market held the largest share in 2019 and is likely to showcase remunerative growth over the estimated timeline, owing to rising income of the population and increased pet ownership. For the record, the APPA 2017-2018 National Pet Owners Survey cited that 68% of the families in the U.S. own a pet, indicating a 56% rise from 1988 to 2018.
 

Prominent players influencing the worldwide veterinary imaging industry trends are Heska Corporation, Siemens Healthineers AG, MinXray Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Idexx Laboratories Inc., IMV Technologies Group, General Electric Company, Fujifilm SonoSite Inc., Esaote SpA, Agfa-Gevaert N.V., Carestream Health, VetZ GmbH, Hallmarq Veterinary Imaging Ltd., Diagnostic Imaging Systems Inc., and Sound Technologies.