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North America Veterinary Imaging Market Forecast 2019-2028

The North America veterinary imaging market is predicted to grow at a CAGR of 5.25% over the projected period of 2019-2028. The favorable pet insurance policies and growth in the pet health insurance sector are some of the important factors propelling market growth in the region.

The North America veterinary imaging market growth is analyzed by segregating the region into the United States and Canada. In Canada, according to a report, the population of pets increased in 2018 as compared with 2016, with 41% of households having at least one dog and 38% having at least one cat. Canada, together with the United States, are large markets for pet insurance. The number of pets insured collectively in the United States and Canada reached 2.1 million in 2017, higher by 17% from 2016. The increased pet insurance indicates the increased concern of the pet owners about the health of their pets, and this has directly affected the diagnostic imaging market, which enables the early and effective diagnosis of disease. On the other hand, livestock decreased by 1.1% on January 1, 2019, as compared to January 1, 2018. However, the revenue from livestock products was higher in 2018 than in 2017. The increased revenue is expected to encourage farmers to invest in the welfare of the livestock, to maintain the health of the animals to produce quality products. Therefore, the increased pet ownership and apprehension regarding the welfare of the animals are expected to stimulate market growth.

Some of the eminent companies operating in the region are GE Healthcare, Heska Corporation, Carestream Health, Idexx Laboratories, Inc, IMV Technologies Group, etc.

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