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The market for veterinary X-ray systems has been steadily growing with the increasing demand for veterinary X-rays. The market size is expected to reach USD 8.25 billion by 2025, from USD 6.48 billion in 2017, with a CAGR of 7.7%. Rising demand for veterinary services and growing pet population are major factors driving the growth of this market.
The market for veterinary X-ray systems
Global Veterinary X-Ray Systems Market Expected to Reach $16.98 Billion by 2025, According to New Study
This report involves in-depth information on industry dynamics, growth opportunities, and high growth regions in the global Veterinary X-Ray System (VRS) Market. This market segmentation is based on geography, technology, service providers, and end-user verticals.
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Industry size in major regions
The veterinary radiography industry is a strong dynamic industry with a 200% increase between 2013 and 2017.
Market Trends and Drivers: Value, Volume, and CAGR
The global veterinary x-ray systems market is expected to grow at a CAGR of xx% from 2018 to 2025, according to a new report. The global veterinary x-ray systems market is expected to reach a value of US$1.9 billion in 2025, with China and India emerging as the major markets.
Supply side analysis
The growth of the animal health market is the main driver of this industry. Veterinary x-ray systems are used to diagnose and treat pets and livestock. These systems allow veterinarians to detect abnormalities in animals that may not be visible to the naked eye. The demand for such systems is expected to increase with the increase in pet population over the forecast period.
Porter’s Five Forces Analysis
The report discusses veterinarians and veterinarians who will drive the future of X-ray systems market. Veterinarians must use x-ray systems in their practices to provide optimal animal care. X-ray machines are generally expensive, so it is necessary for veterinarians to maintain a solid understanding of them in order to maintain animal health and safety. The veterinary x-ray industry is expected to grow at a CAGR of 7.2% during the forecast period.
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Market attractiveness analysis
The global veterinary x-ray systems market is expected to reach USD 3,989.1 million by 2025, growing at a CAGR of 6.86% during the forecast period. Growing demand for high-quality imaging products coupled with advancements in technology are some of the major growth factors for this market.
The global veterinary x-ray system market size is expected to reach USD 11.1 billion by 2025, growing at a CAGR of 3.8% during the forecast period.