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ASIA-PACIFIC VETERINARY IMAGING MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Veterinary Imaging Market by Animal Type (Small Companion Animals, Large Animals, Other Animal Types) Market by Product Type (Instrument, Reagents, Other Product Types) Market by Application (Neurology, Oncology, Cardiology, Orthopedics & Traumatology, Other Applications) Market by End-user (Veterinary Clinics and Hospitals, Veterinary Laboratories, Other End-users) by Geography


MARKET OVERVIEW

The Asia-Pacific veterinary imaging market is anticipated to rise with a CAGR of 7.49% during the projection period of 2023 to 2032, capturing a revenue share of $xx million by 2032.

The surging adoption of companion animals, the rise in animal health awareness, and the increase in disposable income are among the key factors linked to the market growth of the region. In addition, the surge in demand for protein-rich animal food as well as the increasing consumption of meat & dairy products, are also expected to supplement the veterinary imaging market growth in the Asia-Pacific.

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The Asia-Pacific veterinary imaging market growth assessment constitutes a detailed analysis of China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific. Japan is a lucrative market in the Asia-Pacific, primarily on account of the significant rise in livestock, both in terms of consumption as well as production, coupled with the growing awareness regarding animal health. Moreover, as per the Japan Ministry of Internal Affairs and Communications, the nation’s average household veterinarian fees expenditure has increased significantly over the last decade. Consequently, the percentage of people in Japan purchasing pet medical insurance for their animals’ diagnosis and treatment is also on the rise. 

As a pet’s age increases, the prevalence of ailments like chronic kidney disease, diabetes, etc., is also projected to increase, as well. Aligning with this factor, medical testing equipment manufacturer, Arkray, based in Kyoto, introduced a device that facilitates the rapid testing of kidney functions in dogs as well as cats. The company also surpassed its yearly sales target of 500 units in just six months. Likewise, Fujifilm Corporation established Fujifilm Vet Systems Co Ltd in order to supply diverse medical services and devices essential for veterinary clinical practice in Japan. Therefore, such factors are expected to collectively contribute to the veterinary imaging market growth in the Asia-Pacific over the forecast period. 

The Asia-Pacific veterinary imaging market is segmented into animal type, product type, application, and end-user. The application segment includes neurology, oncology, cardiology, orthopedics & traumatology, and other applications. While veterinary orthopedics is associated with conditions involving the animal musculoskeletal system, traumatology entails the treatment of wounds as well as injuries in animals caused due to accidents. The majority of common orthopedic problems in dogs include hip dysplasia, patellar luxations, torn cruciate ligaments, and disc problems.

Some of the key factors propelling the growth of the orthopedics & traumatology segment include the increasing awareness about animal health, the growing availability of advanced imaging systems for the diagnosis of orthopedic diseases, and the surging incidence of animal bone-related problems. 

Some of the eminent companies operating in the Asia-Pacific veterinary imaging market are Mindray, Siemens AG, Fujifilm Sonosite Inc, etc.

Fujifilm Sonosite Inc, headquartered in the United States, is engaged in the production, R&D, manufacturing, and selling of imaging solutions, information solutions, and document solutions. The company’s presence spans Asia, Europe, and America. Moreover, it operates via three reportable business segments, namely document solutions, imaging solutions, and healthcare and material solutions.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Animal Type, Product Type, Application, End-User
Countries AnalyzedChina, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
Companies AnalyzedAGFA-Gevaert NV, Carestream, Diagnostic Imaging System, Esaote SPA, Fujifilm Sonosite Inc, GE Healthcare, Hallmarq Veterinary Imaging Ltd, Heskam, Idexx Laboratories Inc, IMV Imaging, Mindray, MinXray Inc, Siemens AG, Vetz Limited, Sound Technologies

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING COMPANION ANIMAL POPULATION
      2. TECHNOLOGICAL ADVANCEMENTS IN IMAGING PROCESSES
      3. INCREASE IN ANIMAL HEALTH EXPENDITURE
      4. RISING INCIDENCE OF ZOONOTIC DISEASES
      5. GROWING NUMBER OF VETERINARY PRACTITIONERS
    2. KEY RESTRAINTS
      1. HIGH COST OF VETERINARY IMAGING INSTRUMENTS
      2. LACK OF SKILLED PRACTITIONERS IN DEVELOPING REGIONS
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON VETERINARY IMAGING MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY ANIMAL TYPE
    1. SMALL COMPANION ANIMALS
    2. LARGE ANIMALS
    3. OTHER ANIMAL TYPES
  6. MARKET BY PRODUCT TYPE
    1. INSTRUMENT
      1. RADIOGRAPHY SYSTEMS
      2. ULTRASOUND IMAGING SYSTEMS
      3. COMPUTED TOMOGRAPHY IMAGING SYSTEMS
      4. MAGNETIC RESONANCE IMAGING SYSTEMS
      5. VIDEO ENDOSCOPY IMAGING SYSTEMS
      6. OTHER EQUIPMENT
    2. REAGENTS
    3. OTHER PRODUCT TYPES
  7. MARKET BY APPLICATION
    1. NEUROLOGY
    2. ONCOLOGY
    3. CARDIOLOGY
    4. ORTHOPEDICS & TRAUMATOLOGY
    5. OTHER APPLICATIONS
  8. MARKET BY END-USER
    1. VETERINARY CLINICS AND HOSPITALS
    2. VETERINARY LABORATORIES
    3. OTHER END-USERS
  9. GEOGRAPHICAL ANALYSIS 
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. AUSTRALIA 
        6. REST OF ASIA-PACIFIC
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AGFA-GEVAERT NV
      2. CARESTREAM
      3. DIAGNOSTIC IMAGING SYSTEM
      4. ESAOTE SPA
      5. FUJIFILM SONOSITE INC
      6. GE HEALTHCARE
      7. HALLMARQ VETERINARY IMAGING LTD
      8. HESKA
      9. IDEXX LABORATORIES INC
      10. IMV IMAGING
      11. MINDRAY
      12. MINXRAY INC
      13. SIEMENS AG
      14. SOUND TECHNOLOGIES
      15. VETZ LIMITED

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – VETERINARY IMAGING

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY ANIMAL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY ANIMAL TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY INSTRUMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY INSTRUMENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY APPLICATION FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 15: LEADING PLAYERS OPERATING IN ASIA-PACIFIC VETERINARY IMAGING MARKET

TABLE 16: LIST OF MERGERS & ACQUISITIONS

TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: ASIA-PACIFIC VETERINARY IMAGING MARKET, GROWTH POTENTIAL, BY ANIMAL TYPE, IN 2022

FIGURE 7: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY SMALL COMPANION ANIMALS, 2023-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY LARGE ANIMALS, 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY OTHER ANIMAL TYPES, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC VETERINARY IMAGING MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022 

FIGURE 11: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC VETERINARY IMAGING MARKET, GROWTH POTENTIAL, BY INSTRUMENT, IN 2022 

FIGURE 13: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY RADIOGRAPHY SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY ULTRASOUND IMAGING SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY COMPUTED TOMOGRAPHY IMAGING SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY MAGNETIC RESONANCE IMAGING SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY VIDEO ENDOSCOPY IMAGING SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY OTHER EQUIPMENT, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY REAGENTS, 2023-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY OTHER PRODUCT TYPES, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC VETERINARY IMAGING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022 

FIGURE 22: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY NEUROLOGY, 2023-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY ONCOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY CARDIOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY ORTHOPEDICS & TRAUMATOLOGY, 2023-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC VETERINARY IMAGING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022 

FIGURE 28: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY VETERINARY CLINICS AND HOSPITALS, 2023-2032 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY VETERINARY LABORATORIES, 2023-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC VETERINARY IMAGING MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC VETERINARY IMAGING MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 32: CHINA VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: JAPAN VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: INDIA VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: SOUTH KOREA VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: AUSTRALIA VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: REST OF ASIA-PACIFIC VETERINARY IMAGING MARKET, 2023-2032 (IN $ MILLION)

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