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Europe Veterinary Imaging Market Forecast 2019-2028

The Europe veterinary imaging market is anticipated to reach a CAGR of 6.03% during the forecast period of 2019-2028. The Europe region was the second leading shareholder in 2018, and is expected to show considerable growth owing to a rise in the number of domestic and companion animals, an increase in the number of veterinary hospitals with trained practitioners, and a surge in demand for veterinary imaging.

The Europe veterinary imaging market progression is further surveyed by segmenting the region into Germany, Russia, Belgium, France, Poland, the UK, Italy, and the rest of Europe that includes Austria, Switzerland, Romania, Greece, Ireland, among others. Russia has the largest ownership of cats in the world, and keeping pets is popular in the country. Yandex found that the people shopping online for pets increased six times from January to November in 2017. The cattle industry is gradually shifting towards specialized beef production. Investments have been announced in major dairy projects to stabilize dairy inventories. In Belgium, 29% of households had a dog, and 33% owned a cat in 2016. The country has laws designed to protect the welfare of animals. Moreover, it endorses the EU legislation regarding the movement of animals in Europe.
Poland has an age-old tradition of keeping pets. According to a survey in 2017, 42% of pet-owners have dogs, and 26% have cats, and 5% other animals. More than half of cat owners spent up to 60 zlotych on a pet in a month. However, only one-third of dog owners spend 60 zlotych in a month. The market in the rest of Europe is expected to grow, owing to a surge in the prevalence of animal diseases.

There is a strong presence of premium companies in the market, including Hallmarq Veterinary Imaging, Agfa-Gevaert N.V., Siemens AG, Esaote S.P.A., Vetz Limited, among others.

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Europe Veterinary Imaging Market Forecast 2019-2028
Published By :Inkwood Research
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