The veterinary dental x-ray systems market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The increasing demand for pet insurance with the rising animal health expenditure, along with the growing number of veterinary healthcare providers, are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the increasing per capita income in developed regions and the rise in domestic animal population on a global level. According to the data collected from a survey conducted by American Pet Products Association, in 2017-18, the estimated number of U.S. households owning a companion animal was 85 million, which was around 68% of total population of U.S.
The market is segmented on the basis of technology into computed radiography systems, direct radiography systems, film-based radiography systems, and others, out of which, the computed radiography systems’ segment is anticipated to grab the largest share by the end of 2021 on account of rising need for greater flexibility and more advantages of computed radiography systems than other traditional x-ray systems. Moreover, computed radiography systems is widely being used due to its relative affordability, which is also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of end-user, the veterinary hospitals segment in the global veterinary dental x-ray systems market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the widespread adoption of veterinary dental x-ray systems in veterinary hospitals as a result of increasing demand for advanced veterinary facilities.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing rate of adoption of companion animals and the government initiatives for animal health in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing animal health expenditure, accompanied by the high per capita income in the region. Along with this, North America also leads in terms of adoption of animals, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the veterinary dental x-ray systems market on account of increasing population of companion animals and a high prevalence of animal diseases in the region. According to a research, the population of pet cats in Europe was 106 million in 2019, while one in every five households in Europe owned at least one pet dog.
The global veterinary dental x-ray systems market is further classified on the basis of region as follows:
Our in-depth analysis of the global veterinary dental x-ray systems market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The increasing demand for pet insurance with the rising animal health expenditure and growing number of veterinary healthcare providers are the key factors driving market growth.
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
The increasing costs of pet care and lack of animal healthcare awareness in lower economic regions are estimated to hamper market growth.
The market in Asia Pacific region will provide ample growth opportunities owing to the increasing rate of adoption of companion animals.
The major players dominating the veterinary dental x-ray systems market are IDEXX Laboratories, Aribex (KaVo Dental Group), Planmeca, and Sedecal USA, Inc. among others.
The company profiles are selected on the basis of 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 technology, end-user, and region.
With respect to end-user, the veterinary hospitals segment is anticipated to hold the largest market share owing to the widespread adoption of veterinary dental x-ray systems in veterinary hospitals as a result of increasing demand for advanced veterinary facilities.
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