X-ray machines are equipment that produce x-ray radiations. These x-ray radiations are then used for medical diagnosis and interventions (e.g. catheter placement). X-ray machines are also used for diagnosis of disorders in animals.
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The global veterinary x-ray market is primarily driven by rapid rise in pet population across the world. The Pet Food Manufacturers Association, the U.K., estimated that 11 million households in the country had pets IN 2016, which grew to 12 million in 2017, and it is projected that the number of pet ownership will increase in the near future. Moreover, according to the Animal Medicines Australia, there were more than 24 million pets in the country in 2016, out of which, 4.8 million were dogs, and it rose by approximately 3% from 2013 to 2016. With the growth in pet population, demand for diagnosis of pets has also been increasing across the world, which is directly propelling the growth of the global veterinary x-ray market. In addition, rise in incidences of orthopedic diseases among animals is likely to drive the global veterinary x-ray market in the near future.
Geographically, the global veterinary X-ray market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted the dominant share of the global veterinary X-ray market in 2017 due to the presence of a large number of veterinary clinics and hospitals in the region. Factors, such as, well-established veterinary infrastructure and increasing adoption of pets are likely to boost the growth of the global veterinary X-ray market in Europe during the forecast period. The significant share of Asia Pacific in the global veterinary X-ray market can be attributed to the rise in disposable income among people and growing pet population in the region. However, underdeveloped veterinary infrastructure is likely to hinder the growth of the veterinary X-ray market in Middle East & Africa during the forecast period.
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Key companies operating in the global veterinary X-ray market include Comeselectro, Sedecal, CFD, I.P.S. Medical, Control X- Medical, Examion, Fovea, Cuattro, and Vet-Ray.