According to Triton, the veterinary imaging market in Latin America is expected to
proliferate with a CAGR of 6.83% in the forecast period 2019-2028.
The countries assessed in this market include:
• Brazil
• Mexico
• Argentina
• Rest of Latin America countries
Brazil leads the Latin American region in terms of the highest population of livestock. It has a cattle population of 226 million. Besides, it is the third-largest producer of broiler chicken meat in the world. The growing consumption of meat makes it necessary to ensure that the animals from which it is produced are in good health. This has raised the demand for imaging techniques in the country, and has, in turn, aided the growth of the Brazilian veterinary imaging market.
Mexico is one of the countries having the highest number of pets, with 70% of the households in the country owning at least one pet, states the National Institute of Statistics and Geography (INEGI). The growing adoption of pets has also increased their owners’ concern regarding the welfare and health of these animals. Thus, the healthcare expenditure on them has increased. This, in turn, has driven the demand for technologies like diagnostic imaging for animals.
Further, in 2019, around 7.9 million cows and calves were present in the country, as compared to 7.7 million in 2018. People in the country highly consume beef, and it, therefore, becomes imperative to ensure that these animals are free of any disease. Thus, diagnostic imaging proves useful in this scenario, and a growing demand for this technique is observed in the country. The growth in animal ownership and the increase in demand for their welfare are propelling the growth of the Mexican veterinary imaging market in the forecast period.
Carestream Health is engaged in the development and sales of imaging products such as digital radiography (DR) and computed radiography (CR) systems. The company provides the Vita Flex CR System, the VXR X-Ray System, and the CARESTREAM DRX Core Detector, under its veterinary segment. It is focusing on strategies like new partnerships in order to expand and diversify its product portfolio.
The top key players in the veterinary imaging market are Idexx Laboratories Inc, VetZ GmbH, IMV Imaging, Siemens Healthcare GmbH, Sound Technologies, Minxray Inc, Carestream Health, Agfa-Gevaert Group, Esaote SPA, Diagnostic Imaging Systems, Fujifilm Sonosite Inc, General Electric, Hallmarq Veterinary Imaging, Shenzhen Mindray Bio-Medical Electronics Co Ltd, and Heska Corporation.