Research Nester published a report titled “Animal Imaging Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global animal imaging market in terms of market segmentation by type, animal type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global animal imaging market is anticipated to grow with a CAGR of 6.78% over the forecast period, i.e., 2022-2031. The market is segmented by animal type into small animal, and large animal. Out of these segments, the small animal segment is anticipated to garner the largest revenue by the end of 2031. However, the large animal segment is estimated to grow with a highest CAGR of 6.81% over the forecast period.
The global animal imaging market is estimated to garner a revenue of USD 3,606.8 Million by the end of 2031, up from a revenue of USD 1,881.8 Million in the year 2021. Rise in zoonotic diseases across the globe, rapid urbanization & an increase in disposable income, and growing number of pet owners are some of the major factors expected to drive the growth of the market.
Geographically, the global animal imaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these market, the market in North America region is estimated to garner the highest revenue of USD 1,239.6 Million in the year 2031. Additionally, in the year 2021, the market in this region garnered a revenue of USD 660.5 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Zoonotic Diseases Across the Globe to Boost Market Growth
Approximately two million people per year, mostly in low- and middle-income countries, die from neglected zoonotic diseases.
Effective management and treatment of infectious illnesses have become crucial for the preservation of agronomic health. Therefore, the rising demand for early diagnosis of these zoonotic diseases through appropriate diagnostic tests will offer a favourable environment for the expansion of the global animal imaging market.
However, high cost of imaging services, inadequate reimbursement policies, and stringent government regulations for the use of animals in research which are expected to operate as key restraint to the growth of global animal imaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global animal imaging market which includes company profiling of are IDEXX Laboratories, Inc., Esaotae SPA, Carestream Health, Inc., GE Healthcare, Virbac Group, Elanco Animal Health, Merck Animal Health, Heska Corporation, MXR Imaging Inc., VCA Animal Hospitals, Kyoritsu Seiyaku Corporation, and SHIMA laboratories Co., Ltd. The market research report also covers an in-depth analysis of the reagent manufactures who are associated with animal imaging, the profiling of which includes organizations such as Promega Corporation, PerkinElmer Inc., Bayer AG, Merck & Co., Inc., and Thermo Fisher Scientific.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global animal imaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.