Latin America Veterinary Imaging Market Size & Outlook
Latin America veterinary imaging market, 2018-2030 (US$M)
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Latin America veterinary imaging market highlights
- The Latin America veterinary imaging market generated a revenue of USD 142.6 million in 2023.
- The market is expected to grow at a CAGR of 7.7% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 142.6 million |
| Market revenue in 2030 | USD 239.1 million |
| Growth rate | 7.7% (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, Latin America region accounted for 7.7% 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 |
|---|
Latin America 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 36.96% in 2023. Horizon Databook has segmented the Latin America 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 Latin America is expected to grow at a significant rate due to lower awareness regarding point-of-care imaging systems in the region. There is rise in pet ownership across Latin America, driven by rising disposable income, urbanization, and changing lifestyle.
Furthermore, pet owners in Latin America are becoming more aware of the importance of preventive healthcare and early diagnosis for their pets. This has led to an increased demand for advanced veterinary imaging technologies to encourage the diagnosis and treatment of various medical conditions.
This expansion is driven by growing investments in the veterinary healthcare sector and the establishment of partnerships with international veterinary companies. The Latin American market includes Brazil, Mexico, & Argentina.
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Target buyers of Latin America 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 Latin America veterinary imaging market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America veterinary imaging market size, by country, 2018-2030 (US$M)
Latin America Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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