Asia Pacific Veterinary Imaging Market Size & Outlook
Asia Pacific veterinary imaging market, 2018-2030 (US$M)
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Asia Pacific veterinary imaging market highlights
- The Asia Pacific veterinary imaging market generated a revenue of USD 322.9 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating product in 2023.
- Video Endoscopy is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 322.9 million |
| Market revenue in 2030 | USD 558.5 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | Video Endoscopy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Ultrasound, MRI, CT Imaging, Video Endoscopy |
| Key market players worldwide | IDEXX Laboratories Inc, GE Aerospace, FUJIFILM Holdings Corp, Mars Group Holdings Corp, shenzhen mindray automation equipment co., Esaote, Sound, Universal Medical Systems, Hallmarq Veterinary Imaging, HESKA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.5% of the global veterinary imaging market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 558.5 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific veterinary imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary imaging market will help companies and investors design strategic landscapes.
X-ray was the largest segment with a revenue share of 37.07% in 2023. Horizon Databook has segmented the Asia Pacific veterinary imaging market based on x-ray, ultrasound, mri, ct imaging, video endoscopy covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific market is expected to exhibit lucrative growth over the forecast period. This can be attributed to the increasing adoption of pet animals, growing health concerns, increasing vigilance about animal health, rising livestock population, and increasing prevalence of animal diseases.
In addition, a sizably huge population of cattle is responsible for the region's market expansion. For instance, more than 30% of the world's cattle is found in China and India. The high livestock population has raised the demand for meat and dairy products, which is anticipated to further raise the demand for veterinary imaging.
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Target buyers of Asia Pacific veterinary imaging market databook
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Our clientele includes a mix of veterinary imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific veterinary imaging market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary imaging market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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