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Veterinary CT Scanner: An Emerging Market with Attractive Growth Opportunities

Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022

According to the new market research “Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022", analyzes and studies the major market drivers, restraints/challenges, and opportunities. The veterinary CT scanner market is expected to reach USD 173.7 Million by 2022 from an estimated USD 122.3 Million in 2017, at a CAGR of 7.3%.

The global Veterinary CT Scanner market is segmented based on type, animal, application and end user.

On the basis of type, the veterinary CT scanner market is broadly segmented into stationary multi- slice CT scanners and portable CT scanners. In 2016, the stationary multi-slice CT scanners segment accounted for the largest share of this market. This large share can be attributed to the higher adoption of multi-slice CT scanners, such as mid-end CT scanners and high-end CT scanners. Due to their lower prices (as compared to the high-end CT scanners), enhanced image quality and spatial imaging, increased scan speed, higher resolution, greater accuracy on on-the-spot diagnosis, and easy handling mid-end CT scanners are increasingly preferred over other CT scanners. The portable CT scanners segment is expected to grow at the highest CAGR during the forecast period.

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Browse and in-depth TOC on in “Veterinary CT Scanner Market "
156 - Tables
28 - Figures
184 - Pages

On the basis of animal type, the veterinary CT scanner market is further segmented into small companion animals, equine and livestock, and other animals. In 2016, the small companion animals segment held the largest share of this market and is expected to grow at the highest CAGR during the forecast period. The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of this segment.

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Based on application, the market is segmented into neurology, oncology, orthopedics & traumatology, and other applications. The neurology segment accounted for the largest share and is expected to grow at the highest CAGR during the forecast period. The large share of this segment can mainly be attributed to the increasing prevalence of common brain disorders affecting the nervous system of animals, such as epilepsy, brain cancer/tumors, ischemic infarcts (stroke), encephalitis, hydrocephalus, and traumatic brain injuries.

Market Players

The key players in the Veterinary CT Scanner market are GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Epica Medical Innovation (US), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Animage, LLC (US), GIN ApS (Denmark), QR s.r.l. (Italy), and 4DDI (US).

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According to the new market research “Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022", analyzes and studies the major market drivers, restraints/challenges, and opportunities. The veterinary CT scanner market is expected to reach USD 173.7 Million by 2022 from an estimated USD 122.3 Million in 2017, at a CAGR of 7.3%.

The global Veterinary CT Scanner market is segmented based on type, animal, application and end user.
On the basis of type, the veterinary CT scanner market is broadly segmented into stationary multi- slice CT scanners and portable CT scanners. In 2016, the stationary multi-slice CT scanners segment accounted for the largest share of this market. This large share can be attributed to the higher adoption of multi-slice CT scanners, such as mid-end CT scanners and high-end CT scanners. Due to their lower prices (as compared to the high-end CT scanners), enhanced image quality and spatial imaging, increased scan speed, higher resolution, greater accuracy on on-the-spot diagnosis, and easy handling mid-end CT scanners are increasingly preferred over other CT scanners. The portable CT scanners segment is expected to grow at the highest CAGR during the forecast period.
Browse and in-depth TOC on in “Veterinary CT Scanner Market "
156 - Tables
28 - Figures
184 - Pages
On the basis of animal type, the veterinary CT scanner market is further segmented into small companion animals, equine and livestock, and other animals. In 2016, the small companion animals segment held the largest share of this market and is expected to grow at the highest CAGR during the forecast period. The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of this segment.
Based on application, the market is segmented into neurology, oncology, orthopedics & traumatology, and other applications. The neurology segment accounted for the largest share and is expected to grow at the highest CAGR during the forecast period. The large share of this segment can mainly be attributed to the increasing prevalence of common brain disorders affecting the nervous system of animals, such as epilepsy, brain cancer/tumors, ischemic infarcts (stroke), encephalitis, hydrocephalus, and traumatic brain injuries.
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