(EMAILWIRE.COM, February 01, 2019 ) According to the new market research report "Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

The veterinary CT scanner market is expected to reach USD 173.7 Million by 2022 from an estimated USD 122.3 Million in 2017, at a CAGR of 7.3%.

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The veterinary CT scanner market is expected to reach USD 173.7 Million by 2022 from an estimated USD 122.3 Million in 2017, at a CAGR of 7.3%.

Veterinary CT scanners are used for the effective and early diagnosis and treatment process of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.

The veterinary CT scanners market has been segmented by type, into stationary multi slice CT scanners (high-end CT scanners, mid-end CT scanners, and low-end CT scanners), and portable CT scanners.
The market for portable CT scanners is expected to grow at the highest CAGR between 2017 and 2022. Due to their portability, these systems can be used for on-field diagnostic imaging. In many cases, portable CT imaging can provide information that cannot be obtained using portable radiography and ultrasound. Moreover, these systems are affordable and require limited space. Their growing adoption for on-field, mobile, or ambulatory veterinary diagnosis is a key driver for this segment.

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The veterinary CT scanners market in APAC is expected to grow at the highest CAGR during the forecast period. Growth in pet adoption, increasing awareness about animal health, and growing per capita animal health expenditure, especially in India and China, are contributing to the growth of the APAC veterinary CT scanners market.

CT scanning is commonly used for the diagnosis of joint diseases such as arthritis, osteoporosis, lameness diseases, angular limb deformities, bone fractures, and acute traumas in companion animals, equines, livestock, and zoo animals. CT scanners create three-dimensional images of a structure, which is useful in the pre-operative planning of fracture repair or the identification of lesion margins.

CT is a common technique utilized for the diagnosis of various brain disorders, stroke, and neurological injuries. CT is widely used to diagnose intervertebral disc herniation in animals. As compared to MRI, CT boasts greater image generation speed as well as a lower cost.

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The high cost of CT scanners is expected to restrain their adoption amongst veterinary hospitals and private veterinary clinics. Also, the lack of animal health awareness in emerging markets and shortage of veterinary practitioners in developing countries are considered as major challenges for the greater adoption of CT technology in veterinary clinics/hospitals.

Veterinary CT scanners is a very niche market and to maintain the leading position and to garner more share in this market companies are adopting various growth strategies such as, new product launches, new technology developments, partnerships, and joint ventures. Some of the major market players competing in this market include GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Epica Medical Innovations (U.S.), NeuroLogica Corporation (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Animage LLC (US), QR srl (Italy), GIN ApS (Denmark), and 4DDI (U.S.).