Global Veterinary Teleradiology Market is Anticipated to Reach USD 500 Million at a Robust CAGR of 7% Between 2022 to 2028 | Infinium Global Research

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The revenue generated by the global veterinary teleradiology market was about USD 300 million in 2022 and is expected to reach nearly USD 500 million in 2028 and is expected to grow with a CAGR of about 7% over the forecast period 2022-2028.

Infinium Global Research's recent report on the "Veterinary Teleradiology Market (By Service Type (Emergency Care, Day Time Coverage, Second Opinion, and Sub-specialty Reading), By Modality Type(X-ray, Computerized Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Ultrasound Scans, and Nuclear Scan)By End User (Hospitals, Pet Clinics, and Veterinary Radiology Centres))Global Industry Analysis, Trends, Market Size & Forecasts to 2027".The revenue generated by the global veterinary teleradiology market was about USD 300 million in 2022 and is expected to reach nearly USD 500 million in 2028 and is expected to grow with a CAGR of about 7% over the forecast period 2022-2028.

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"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2022-2028.”

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

Rising Competitors are Propelling Service Providers to Provide Qualitative and Cost-Effective Services that will Boost the Market

The global Veterinary Teleradiology Market is anticipated to surge drastically during the forecast period, owing to the increase in the adoption of Veterinary Teleradiology for treatment. Furthermore, the rising competitors are propelling service providers to provide qualitative and cost-effective services, which will boost the market in the forecast period. The global Veterinary Teleradiology Market is in the nascent phase, especially in developing nations, considering the change in the treatment methods by using advanced technology.

The key factor increasing the demand for the teleradiology market is the rising livestock and domestic animal industry. Rising accidental cases, animal disease, and increasing number of veterinary practitioners will propel the market in the forecast period. Additionally rising advancement in teleradiology services, which offer perfect and rapid results to the users. However, the high cost of technology and lack of skilled technicians and radiologists will restrain the market growth in the forecast period.

COVID-19 is an infectious disease that originated in China in December 2019. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus, has a mixed impact on the market. Since the outbreak in December 2019, the disease has spread into several countries around the globe which increases the demand for medical supplies to take care of the affected population. Furthermore, technological advancements in veterinary teleradiology such as real-time data interpretation, and favourable reimbursement policies propelled the growth of the market during a covid-19 pandemic. Provides a comprehensive outline of the factors responsible for the growth of the market. The veterinary teleradiology market was valued at USD 299.9Million in 2021 and is expected to reach USD 439.1 Million in 2027, with a CAGR of 6.56% during the forecast period.

Modality Type Segmentis Expected To Dominate the Market

The veterinary teleradiology market is segmented by service type, modality type, and end-user. Among these modality types, the veterinary teleradiology market is segmented into X-Ray Scans, CT Scans, MRI Scans, Ultrasound Scans, Nuclear scans, and others. In terms of market share, CT scans dominated the veterinary teleradiology Market due to the increase in CT scans globally. CT scans are projected to grow at a higher rate as compared to others during the forecast period. This segment helped in the rapid testing of the coronavirus during the forecast period. During covid-19 pandemic CT scans were used to examine the stage of the disease of the patient.

The Asia Pacific Region to be Expected as Fastest Growing Region in Veterinary Teleradiology Market

The market in the Asia Pacific is estimated to expand at a rapid pace during the forecast period. The rise in pet adoption, increase in demand for veterinarians & radiologists, and a focus on the wellness of pets are expected to drive the market in the Asia Pacific over the next few years. The presence of a large number of veterinary clinics and professionals in developed countries, such as Japan, is anticipated to propel the market in the Asia Pacific. The rising presence of major market players in developing countries such as India, and China will propel the growth of the market in the Asia Pacific region.

Key Players Focusing to Increase the Production Capacity by Collaborating with other Companies

The Veterinary Teleradiology Market is intensely competitive with the presence of several multinational and local players. The major Veterinary Imaging Consultations, Inc., VetRad, VetCT, Lynks Group plc., Blue Pearl Veterinary Partners, Veterinary Medical Centre, Animal Imaging, VEDIM, VICSD Teleradiology Group, Vivid Teleradiology, and several others are constantly focusing on developing advanced technology and products to gain a competitive edge in the market. These manufacturers are adopting numerous market strategies including new product launches, collaboration, and mergers & acquisitions with various food delivering companies at the country level.

For instance, In December 2020, NEOGEN Corporation US-based Company launched a preventative care DNA screening tool for detecting genetic diseases in pet animals. In November 2020, NEOGEN Corporation US-based Company collaborated with Transnetyx Inc., which helped NEOGEN to grow its presence in the animal genomics and diagnostics market.Infinium Global Research's recent report on the global Veterinary Teleradiology Marketis encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Veterinary Teleradiology Marketand also estimates the impact of recent developments in the global market.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Veterinary Teleradiology Market Highlights

2.2. Veterinary Teleradiology Market Projection

2.3. Veterinary Teleradiology Market Regional Highlights

Chapter 3. Global Veterinary Teleradiology Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Veterinary Teleradiology Market

3.4. Porter’s Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.6. Value Chain Analysis of Veterinary Teleradiology Market

Chapter 4. Veterinary Teleradiology Market Macro Indicator Analysis

Chapter 5. Global Veterinary Teleradiology Market by Animal Type

5.1. Companion Animals

5.2. Livestock Animals

Chapter 6. Global Veterinary Teleradiology Market by Service Type

6.1. Emergency Care

6.2. Day Time Coverage

6.3. Second Opinion

6.4. Sub-specialty Reading

Chapter 7. Global Veterinary Teleradiology Market by Modality Type

7.1. X-ray

7.2. Computerized Tomography (CT) Scan

7.3. Magnetic Resonance Imaging (MRI)

7.4. Ultrasound Scans

7.5. Nuclear Scan

Chapter 8. Global Veterinary Teleradiology Market by End User

8.1. Veterinary Hospitals

8.2. Pet Clinics

8.3. Veterinary Radiology Centers

Chapter 9. Global Veterinary Teleradiology Market by Region 2022-2028

9.1. North America

9.2. Europe

9.3. Asia-Pacific

9.4. RoW

Chapter 10. Company Profiles and Competitive Landscape

10.1. Competitive Landscape in the Global Veterinary Teleradiology Market

10.2. Companies Profiles

10.2.1. Veterinary Imaging Consultations, Inc.

10.2.2. VetRad

10.2.3. VetCT

10.2.4. Lynks Group plc

10.2.5. BluePearl Veterinary Partners

10.2.6. Veterinary Medical Center

10.2.7. Animal Imaging

10.2.8. VEDIM

10.2.9. VICSD Teleradiology Group

10.2.10. Vivid Teleradiology

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of veterinary imaging.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.”

The post Global Veterinary Teleradiology Market is Anticipated to Reach USD 500 Million at a Robust CAGR of 7% Between 2022 to 2028 | Infinium Global Research appeared first on Herald Keeper.

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