Veterinary Teleradiology Market: By Modality, Ultrasound Scans, X-ray, Nuclear Scans, Magnetic Resonance Imaging ), By Service Type, By Animal Type, By End-User and Geography
Veterinary Teleradiology Market size is valued US$ 218.2 million in 2023 and is poised to grow at a CAGR of 4.8% from 2024-2030. Veterinary teleradiology is a technology used for the interpretation and analysis of medical images by radiologists who are not present at the location where the images were generated. Veterinary teleradiology technique is most commonly used in pet clinics, veterinary radiology centres, and veterinary hospital. Veterinary technology considered as an advanced solution for improving animal health and treatment without any delay. The major applications with the teleradiology include teleconsultation, telemonitoring, and telediagnosis which help the radiologists to perform their work more efficiently.
Global Veterinary teleradiology market is growing at a significant CAGR owing to the dearth of skilled radiology professionals in the underdeveloped regions. Several international companies are focusing on the R&D activities for the innovation of newer imaging technologies and quick data transformation, which are anticipated to fuel the market. Moreover, development of IT infrastructure, upgrading of Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS) might boost the revenue of market over the forecast period. In addition, acquisitions and mergers, collaborations, and technological advancements are key strategies followed by the companies for dominating the market.
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the companion and livestock population, a rise in prevalence of animal diseases, increase in the number of veterinary practitioners, an increase in the animal welfare expenditure are anticipated to fuel the market. Moreover, technological advancements veterinary teleradiology such as real-time data interpretation, favourable reimbursement policies are expected to propel the market over the forecast period. However, the high cost of teleradiology technology, complications in data storage, lack of skilled technicians and radiologists, and lack of awareness about veterinary teleradiology in developing and underdeveloped regions might restrain the market over the forecast timeframe.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America market expected to exhibit significant growth, owing to increase in the animal care expenditure, a rise in pet animal adoption rate, an increase in the prevalence of various diseases. Europe market driven by advanced IT infrastructure, increase in per capita income and rise in pet welfare expenditure. Moreover, Asia Pacific market growth attributed to rising in domestic animal and livestock population, a rise in veterinary care expenditure in India and China, and lack of skilled radiologists in rural areas might bolster the market in the region over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 218.2 million |
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Market CAGR |
4.8% |
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By Modality |
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By Service Type |
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By Animal Type |
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By End User |
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The global veterinary teleradiology market size was valued at US$ 218.2 million in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030.
The veterinary teleradiology market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The veterinary teleradiology market key players are: Animal Imaging Consultants (U.S.), VetCT (U.K.), Lynks Group (U.S.), PetRays (U.S.), Vet-Rad LTD (U.S.), IDEXX Laboratories, Inc. (U.S.)
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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