EUROPE VETERINARY IMAGING MARKET FORECAST 2023-2032

The Europe veterinary imaging market growth study encompasses an in-depth analysis of the United Kingdom, France, Germany, Italy, Spain, and Rest of Europe. With an increasing number of adults owning a pet in the United Kingdom, the expenditure on pet care and products is expected to record significant growth over the upcoming years. Subsequently, the higher spending on animals is anticipated to increase the need for more systematic ways of disease diagnosis, including veterinary imaging solutions. In Germany, however, animal trade is projected to play a critical role in the spread of infectious diseases in the livestock population. As a result, the rising import and export of food products obtained from animals are expected to further raise the incidences of animal diseases, thus propelling the need for veterinary imaging during the forecast period.

On the other hand, France is characterized by a well-defined healthcare infrastructure for animals, with several domestic companies emerging in the field of animal diagnostics. In this regard, IMV imaging is the dedicated veterinary diagnostic imaging department within the IMV Technologies Group, founded in France. Moreover, as per the European Pet Food Industry: Facts & Figures (FEDIAF), France also witnessed the highest dog-to-human ratio globally, accounting for nearly 17 dogs per 100 people. As a result, these factors are estimated to augment the veterinary imaging market growth in Europe during the forecasting years.

The Europe veterinary imaging market is segmented into animal type, product type, application, and end-user. The product type segment includes instruments, reagents, and other product types. Instruments such as digital radiography (X-ray) systems, ultrasound imaging systems, computed tomography (CT) systems, thermal imaging, and others play an important role in veterinary imaging.

Aligning with this, some of the top aspects fueling the growth of the instruments segment include the increase in the number of veterinary practitioners, the wide availability of instruments within hospitals as well as veterinary clinics, and technological developments in veterinary imaging instruments. Moreover, the launch of portable, battery-chargeable imaging instruments is expected to contribute to the segment’s notable growth, as well.

Some of the top players operating in the Europe veterinary imaging market include AGFA-Gevaert NV, Esaote SPA, Siemens AG, etc.

AGFA-Gevaert NV, headquartered in Belgium, designs, manufactures, and develops imaging & information technology systems. The company mainly provides proofing & industrial inkjet systems for the graphics industry, diagnostic imaging as well as healthcare IT systems for the healthcare sector, and analog & digital prepress. In addition, it also offers industrial applications, such as security, identification, and motion pictures. The company’s Musica Image Processing is utilized to deliver high-resolution, low-dose scanning with unparalleled image quality, especially for small animals and other animal types.