Triton's research on the European veterinary imaging market depicts that it will grow at a CAGR of 5.72% in terms of revenue during the forecast period 2019-2028.
The countries analyzed in this market include:
• The UK
• France
• Italy
• Spain
• Russia
• Germany
• Rest of Europe countries
In the United Kingdom, a survey by People's Dispensary for Sick Animals put forth that, 50% of adults in the country own a pet. 24% of individuals own a cat, whereas, 26% own a dog. Also, a small, yet substantial percentage of people own a rabbit. The increase in pet population has led to an increase in expenditure on pet care and pet care products. The Office for National Statistics states that, the total pet expenditure in 2019 was GBP 6.9 billion, as compared to GBP 3.7 billion in 2013. An increase in spending implies a direct increase in the demand for more efficient ways to diagnose diseases, such as diagnostic imaging. This growing demand, in turn, has fueled the growth of the veterinary imaging market.
In France, the primary factors driving the growth of ist veterinary imaging market include the rise in the adoption of animals. France has a very high dog : human ratio globally, at around 17 dogs per 100 individuals. According to the European Pet Food Industry: Facts & Figures (FEDIAF) 2019, there are around 7.4 million pet dogs in the country. Therefore, the growing adoption of animals is expected to raise the overall demand for veterinary diagnostics in France. This is aiding the growth of its veterinary imaging market in the forecast period.
Hallmarq Veterinary Imaging is a provider of diagnostic imaging products for veterinary use. The company has pioneered the development of the world's only MRI scanner for standing, sedated horses. It has an experience of 20 years in the industry, and during this period, it has installed 100 veterinary MRI systems in 24 nations around the world. Standing MRI, small animal MRI, and Hallmarq CT are some of the products developed by the company. Hallmarq is headquartered in Guildford, the United Kingdom.
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.