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Veterinary Teleradiology Market (Service Type - Emergency Care, Day Time Coverage, Second Opinion, and Sub-specialty Reading; Modality Type - X-ray, Computerized Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Ultrasound Scans, and Nuclear Scan; End User - Hospitals, Pet Clinics, and Veterinary Radiology Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : February, 2022

  • Rep Id : HC08750

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the veterinary teleradiology market provides in-depth analysis of segments and sub-segments in the global as well as regional veterinary teleradiology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional veterinary teleradiology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global veterinary teleradiology market. According to the report, the global veterinary teleradiology market is projected to grow at a CAGR of 7% over the forecast period of 2021-2027. The Veterinary teleradiology market was valued at USD 300 million in 2021 and is expected to reach USD 439 million in 2027.


Veterinary Teleradiology Market

Market Insight

Veterinary teleradiology is a technology used for the identification and analysis of clinical images by radiotherapists which does not exist at the site where the images were created. It is a medical practice in which radiological reports are created through four types computerized tomography scans, X-radiations, magnetic resonance imaging, nuclear scan, or ultrasound scans are transferred from one site to another site to get the interpretation and consultation from various expert radiotherapists. The veterinary teleradiology technology is primarily used in hospitals, pet clinics, and veterinary radiology centers. Further, this technique is used for the interpretation of data to diagnose the disease. Veterinary technology is known as an innovative solution for the treatment of accidental causes, and rapid opinion for treatment from different experts from different locations.

 

An increase in the companion and livestock population and a rise in the prevalence of animal diseases are the major factors that fuel the market growth. In addition, an increase in the number of veterinary practitioners and a surge in animal welfare expenditure is anticipated to fuel the veterinary teleradiology market. Further, technical innovations in teleradiology such as supportive reimbursement rules, and live data analysis are projected to propel the growth of the market during the forecast period. Additionally, the use of real-time data and artificial intelligence in observing effects on health and disease identification will boost the market growth. Rising awareness of the population and image interpretation will support the expansion of the market during the forecast period. However, a lack of skilled technicians and radiologists, and a lack of awareness about veterinary teleradiology might restrain the market growth. High cost of services, image transmission issues, low awareness in emerging economies are going to be a major challenge for the veterinary teleradiology services market.

 

On the basis of regional presence, the global veterinary teleradiology market is diversified into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa Regions. North America is expected to dominate the global market because of the large number of animal adoption, rising disease, and accidents in animals. Increasing expenses on pet animal healthcare will propel the growth in the region during the forecast period. Whereas, the European region is projected to hold a second top market position in the market. The global veterinary teleradiology market in the Asia-Pacific region is projected to witness substantial growth during the forecast period due to the growing focus on advanced teleradiology services and the rising trend of the adoption of pet animals.

 

Segment Covered

The report on the global veterinary teleradiology market covers segments such as service type, modality type, and end user. On the basis of service type, the sub-markets include emergency care, day time coverage, second opinion, and sub-specialty reading. On the basis of modality type, the sub-markets include X-ray, computerized tomography (CT) scan, magnetic resonance imaging (MRI), ultrasound scans, and nuclear scan. On the basis of end user, the sub-markets include hospitals, pet clinics, and veterinary radiology centers.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Veterinary Imaging Consultations, Inc., VetRad, VetCT, Lynks Group plc, BluePearl Veterinary Partners, Veterinary Medical Center, Animal Imaging, VEDIM, VICSD Teleradiology Group, and Vivid Teleradiology.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the veterinary teleradiology market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. 


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