China Veterinary Imaging Market Size & Outlook, 2023-2030
China veterinary imaging market, 2018-2030 (US$M)
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China veterinary imaging market highlights
- The China veterinary imaging market generated a revenue of USD 70.2 million in 2023 and is expected to reach USD 122.3 million by 2030.
- The China market is expected to grow at a CAGR of 8.3% 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.
Veterinary imaging market data book summary
| Market revenue in 2023 | USD 70.2 million |
| Market revenue in 2030 | USD 122.3 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | Video Endoscopy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 3.8% of the global veterinary imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary imaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 89.5 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 32.62% in 2023. Horizon Databook has segmented the China 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 veterinary imaging market in China is rapidly growing due to an increase in the number of middle-class households, a rise in disposable income, and a high number of people preferring to spend money on their pets. The highest number of pet owners in China is observed among the elderly.
The pet population in China is projected to exceed 220 million in 2022, with cats and dogs being the most popular pets among Chinese people. Increase in ownership of companion animals has resulted in high demand for effective veterinary treatment and early disease diagnosis in pet animals.
Moreover, the surge in animal diseases has also led to increased number of diagnostic imaging, surgeries, and veterinary healthcare organizations, which is likely to boost demand for veterinary imaging market in the country.
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Target buyers of China 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 country-level data and insights on the China veterinary imaging market, including forecasts for subscribers. This country databook contains high-level insights into China veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China veterinary imaging market size, by product, 2018-2030 (US$M)
China Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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