Research Nester has released a report titled “Animal Imaging Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The global animal imaging market is anticipated to garner USD 3,606.8 Million in revenue by the end of 2031 by growing at a CAGR of 6.78% over the forecast period, i.e., 2022 - 2031. Further in the year 2021, the market brought in a revenue of USD 1,881.8 Million. The growth of market can be primarily attributed to increase in population of pet all around the globe. Families in the U.S., Brazil, EU, and China alone own more than half a billion dogs and cats, and it's estimated that more than half of people globally have a pet at home.
The global animal imaging market is segmented by animal type into small animal, and large animal. Out of these segments, the small animal segment is anticipated to garner the largest revenue by the end of 2031. However, the large animal segment is estimated to grow with a highest CAGR of 6.81% over the forecast period.
Geographically, there are five major regions that make up the global animal imaging market which includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these market, the market in North America region is projected to hold the highest revenue of USD 1,239.6 Million in the year 2031. Further, the market in this region garnered a revenue of USD 660.5 Million. In the year 2021.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, high cost of imaging services, inadequate reimbursement policies, and stringent government regulations for the use of animals in research are likely to be major hindrances to the expansion of the global animal imaging market.
This report also provides the existing competitive scenario of some of the key players of the global animal imaging market, which includes company profiling of IDEXX Laboratories, Inc., Esaotae SPA, Carestream Health, Inc., GE Healthcare, Virbac Group, Elanco Animal Health, Merck Animal Health, Heska Corporation, MXR Imaging Inc., VCA Animal Hospitals, Kyoritsu Seiyaku Corporation, SHIMA laboratories Co., Ltd., and others. The market research report also covers an in-depth analysis of the reagent manufactures who are associated with animal imaging, the profiling of which includes organizations such as Promega Corporation, PerkinElmer Inc., Bayer AG, Merck & Co., Inc., and Thermo Fisher Scientific.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Animal Imaging Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global animal imaging industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global animal imaging market in the near future.