Veterinary CT Scanner Market Demand, Size, Share, Growth Opportunities, Market Potential, Segmentation, Trends & Global Industry Forecast to 2032
The veterinary CT scanner market is experiencing a surge in interest, driven in part by the growing adoption of VetCAT CT. VetCAT CT refers to a specific type of CT scanner designed specifically for veterinary applications. These scanners are smaller and more affordable than their human counterparts, making them more accessible to veterinary practices of all sizes. Additionally, VetCAT CT scanners are optimized for imaging animals of various sizes and anatomies, providing veterinarians with a powerful diagnostic tool for a wider range of patients.
Considering the rapid expansions, the market perceives currently and the potential this market holds to grow further, Market Research Future (MRFR) in its recently published study report, asserts that the global veterinary CT scanner market will garner exponential accruals with approximately 7.40% CAGR during the forecast period (2022-2030) and is expected to reach approximately USD 180.7 billion by 2030.
- Veterinary CT scanners are vital imaging equipment used for diagnosing animal health issues, contributing to enhanced care, safety, and affordability.
- Growing awareness and sensitivity towards animal health, including pets, domestic, wild, reptiles, and venomous animals, are driving the veterinary CT scanner market.
- Expansion in the veterinary medical devices and surgical instruments market is encouraged by factors like the rise in the veterinary population, environmental changes, and increased consumption of animal protein by humans.
- Despite the high cost of CT scanners, factors such as increasing pet adoption, companion animal population, and veterinary practitioners are boosting market growth, supported by improving pet insurance policies and rising animal health expenditure.
Segmentation:
- By Type:
- Multi-Slice CT Scanners
- Portable CT Scanners
- By Device Architecture:
- C-arm CT Scanners
- O-arm CT Scanners
- By Animal:
- Small Companion Animals
- Equine and Livestock
- Others
- By Application:
- Neurology
- Oncology
- Orthopedics & Traumatology
- Cardiology
- Nephrology
- Dentistry
- Gastroenterology
- Respiratory
- Others
- By End-user:
- Veterinary Hospitals
- Veterinary Clinics
- University Teaching Hospitals
- Academic Institutes
- Others
- By Region:
- Europe
- North America
- APAC (Asia Pacific)
- Rest-of-the-World
Geographical Analysis:
- North America:
- Leading position due to favorable reimbursement scenarios, technological innovations, and a large patient pool.
- Canada focusing on exporting scanning equipment worldwide, bolstering market growth.
- Europe:
- Second-largest market with improving reimbursement policies and increased demand for CT scans in veterinary healthcare organizations.
- Significant spending on manufacturing scanning devices in countries like the U.K., Germany, and France.
- Asia Pacific:
- Emerging as a promising market with the fastest growth rate, driven by increasing awareness and per capita animal health expenditure, particularly in China and India.
- Steady growth in companion animal ownership in emerging markets presents significant growth opportunities.
Competitive Analysis:
- Market characterized by fierce competition, with both small and large-scale players.
- Trends include mergers & acquisitions and innovation, with multinational companies acquiring local manufacturers.
- Strategic initiatives adopted by MNCs aimed at increasing profits and reducing competition significantly.
This focus on VetCAT CT scanners coincides with the increasing popularity of Mobile Animal Computed Tomography (CT). Mobile CT units allow veterinary practices to offer CT scanning services without the need for a dedicated in-house scanner. This flexibility is particularly beneficial for specialists, emergency clinics, and rural practices that may not have the resources for a permanent CT scanner. Mobile CT services also offer greater convenience for pet owners, as they eliminate the need to travel long distances for their animal's CT scan. The combined growth of VetCAT CT scanners and mobile CT services is expanding access to advanced diagnostics for animals, ultimately leading to improved patient outcomes.
Key Players:
Some of the leading veterinary CT scanner companies are Canon, Inc. (Toshiba Medical Systems Corporation - Japan), GE Healthcare (U.S.), Epica Medical Innovation (U.S.), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Siemens AG (Siemens Healthineers - Germany), Koninklijke Philips N.V. (Netherlands), Animage, LLC (U.S.), Hitachi, Ltd. (Japan), GIN ApS (Denmark), 4DDI (U.S.), and QR s.r.l. (Italy) among others.
For more information visit at MarketResearchFuture
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