Veterinary X-ray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Veterinary X-Ray Market Analysis

Veterinary X-ray Market is poised to grow at a CAGR of 6.4% over the forecast period.

COVID-19 has disrupted many industries globally. The healthcare industry is among those that have been majorly hit during the pandemic. Pet adoption has increased significantly during the pandemic, which has resulted in increased animal health care, and thus, drives the growth of the veterinary x-ray market. For instance, in May 2021, The American Society for the Prevention of Cruelty to Animals (ASPCA) released new data which reported that nearly one in five households acquired a cat or dog since the beginning of the COVID-19 crisis. Such adoptions amid the pandemic increased the focus on pet health and thus expected to lead to a positive impact on the growth of the veterinary x-ray market during the forecast period.

The major factors, such as increasing veterinary hospitals, rise in pet adoption, and animal health expenditure are expected to drive the growth of the market. As of February 2021, the Canadian Animal Health Institute (CAHI) shared the results of its 2020 Pet Population Survey. As per the survey, from 2018 to 2020, the Canadian dog population continued to grow, increasing from 7.6 million to 7.7 million, while the population of cats stabilized. As per the same source, cats continue to outnumber dogs, with 8.1 million cats considered to be household pets in 2020. The same source also states that within the population of dogs and cats, the percentage of pets receiving veterinary medical care during the past 12 months increased more significantly for cats than for dogs. Similarly, according to the estimates of the European Pet Food Industry: Facts and Figures 2020 (FEDIAF), there were around 107,00,000 dogs and 157,00,000 cats in Germany. Owing to the high number of pets adopted, the market for veterinary x-ray is believed to witness strong growth over the forecast period.

However, the high cost associated with the x-ray devices and lack of proper reimbursement policies are expected to hinder the market growth.

Veterinary X-Ray Industry Segments

The veterinary X-ray machine is a type of machine which is especially for animals. This contains high-quality radiographs used to diagnose or detect the problem in the pet's body and to identify the cause and extent of the disease in the pet's body. The Veterinary X-ray Market is Segmented by Technology (Direct Radiography Systems, Computed Radiography Systems, and Film-based Radiography Systems), Type (Digital X-ray and Analog X-ray), Mobility (Stationary and Portable), Animal Type (Small Animals and Large Animals), Application (Orthopedics, Neurology, Oncology, Cardiology, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

Report scope can be customized per your requirements. Click here.

Veterinary X-Ray Market Trends

This section covers the major market trends shaping the Veterinary X-Ray Market according to our research experts:

Digital X-Ray Segment is Expected to Witness a Major Share in Studied Market Over the Forecast Period

The growth in the animal digital X-ray is mainly due to the increasing awareness among vets and the growing need for advanced systems to diagnose the increasing disease burden in animals.

Additionally, an April 2020 published article, titled, “Risk Factors for Canine Osteoarthritis and Its Predisposing Arthropathies: A Systematic Review” reported that in the studied population in North America, the prevalence of osteoarthritis is nearly 20% of all dogs over 1 year of age. It also reported that in the United Kingdom, osteoarthritis in dogs is more common and the prevalence is around 2.5% to 6.6%. As osteoarthritis is largely associated with joint pains, such a high prevalence of disease creates demand for digital x-rays and thus drives the growth of the market during the forecast period.

Moreover, osteoarthritis and joint pain is also correlated with obesity condition in animals. Studies have shown that most osteoarthritis animals are overweight. For example, according to American Animal Hospital Association 2020, obese dogs are 2.3 times more likely to be diagnosed with osteoarthritis while dogs with osteoarthritis are 1.7 times more likely to be overweight. Such studies indicate the rising need for digital x-rays, thereby contributing to the market growth.

To understand key trends, Download Sample Report