Veterinary Computed Tomography Scanner Market Size

  • Report ID: 4325
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Veterinary Computed Tomography Scanner Market Size

Veterinary Computed Tomography Scanner Market size is projected to surpass USD 355 Million by the end of 2033, growing at a CAGR of 8% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of veterinary computed tomography scanner  was USD 175 Million. The growth of the market is primarily attributed to the increasing adoption of animals worldwide, coupled with the significant advancements in technologies. It is observed that pet ownership is anticipated to account for nearly 17.3 million households in 2022.

The veterinary CT scanners aid in the detection of any complications in animals. Furthermore, these devices are being used in several university teaching hospitals & academic institutes to do practice work on companion animals. Therefore, the rising count of companion animals, along with the growing research work on those animals are fueling up the growth of the market over the forecast period. As per a survey data, approximately 72% of all US households had a companion animal between the years 2021 to 2022.

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Author Credits:  Radhika Pawar

  • Report ID: 4325
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Boost in zoonotic diseases, global increase in animal derived dairy products, surge in meat consumption, and worldwide spike in pet insuranceare some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2033.

High cost of veterinary ct scanners, surge in the expenses of pet care, and lack of skilled veterinary practitioners are estimated to hamper the market growth

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market areGE Healthcare, Toshiba Medical Systems Corporation, Siemens AG,Koninklijke Philips N.V, Carestream Health, Inc., Woorien Co., Ltd,Hitachi, Ltd., Animage, LLC, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, animal type, disease, application, end-user,and by region.

The small companion segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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