(EMAILWIRE.COM, July 18, 2019 ) The 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", 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 offer effective and early diagnosis of various conditions in the animal body such as, neurology, oncology, orthopedics, traumatology, and many other applications in animal healthcare.

The veterinary CT scanners are used by veterinary hospitals and clinics as well as by university teaching hospitals & academic institutes on small companion animals, equine and livestock, and other animals (zoo and exotic animals). The base year considered for the study is 2017, and the forecast has been provided for the period between 2018 and 2023.

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Use of veterinary CT scanners for the diagnosis of small companion animals to drive the veterinary CT scanners market.

The small companion animals segment includes dogs, cats, and other companion animals such as birds and small mammals. The growing population of small companion animals, rising pet ownership, increasing pet healthcare expenditure, and growing demand for pet insurance are the major factors driving the growth of small companion animal segment in veterinary CT scanner market.

By application, the neurology segment held the largest market share in 2016

Based on application, the market is segmented into neurology, oncology, orthopedics & traumatology, and other applications. The neurology segment accounted for the largest share and is expected to grow at the highest CAGR during the forecast period. The large share of this segment can mainly be attributed to the increasing prevalence of common brain disorders affecting the nervous system of animals, such as epilepsy, brain cancer/tumors, ischemic infarcts (stroke), encephalitis, hydrocephalus, and traumatic brain injuries.

Major Market Developments
• In 2016, Canon, Inc. (Japan) acquired Toshiba Medical Systems Corporation (Japan) to enter the veterinary CT scanners market
• In 2016, Animage, LLC (US) partnered with Sound (US) to sell, and distribute Fidex-CT scanners in the US veterinary market.
• In 2015, Hitachi, Ltd. (Japan) launched SCENARIA SE – with 64 and 128 slice scanning capacity.

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The key players in the global veterinary CT scanner market are GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Epica Medical Innovation (US), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Animage, LLC (US), GIN ApS (Denmark), QR s.r.l. (Italy), and 4DDI (US).